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June 17, 2009 at 2:29 PM in reply to: Japanese Citizens Detained at Swiss Border with Fake Bonds? #417412June 17, 2009 at 2:29 PM in reply to: Japanese Citizens Detained at Swiss Border with Fake Bonds? #417572
drboom
ParticipantMaybe so, but I just searched cnn.com, nytimes.com, msnbc.com, and abcnews.com, and got zilch. Very odd.
Here’s another tidbit on this story:
Curioser and curioser.
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
drboom
ParticipantMy wife is currently the breadwinner (public school teacher), and her district just did a 3% pay cut. Half is for the 09/10 school year only, and the rest is permanent. The net effect after accounting for another year of service is about $40/mo. less (net) than this year. That’s $190/mo. less than we planned on, but at least she isn’t getting laid off like a lot of her peers.
OTOH, days were cut from the calendar so I don’t think we have anything to complain about. Teachers, especially highly degreed/certificated teachers, make decent money and have good benefits.
Speaking of benefits, it will be interesting to see what they do with health insurance contributions later this year. That already amounts to over 11% ($6500/yr. out of $57.5k gross) of pretax income for our family.
June 14, 2009 at 10:42 PM in reply to: California’s foreclosure moratorium………..Are we hosed yet again or what? #415733drboom
ParticipantI’m not trying to pick a fight with you, Ox, and I admire your compassion. But…
[quote=Oxford]
I hear ya but don’t feel it was ALL about greed regardless of the knee-jerk use of that term in these situations.[/quote]Knee-jerk for some, but this has been my and my wife’s considered position for the whole run-up. We felt the same way about the dotcom bubble when I was working in San Francisco and Sunnyvale right at the peak in 1999.
[quote]Some folks just lost their jobs.[/quote]
I’ve lost a couple due to startups going bust over the past several years, but my wife and I saved for a rainy day and lived way below our means so it was no big deal.
[quote]Some felt an ARM was a good idea thinking they could refinance.[/quote]
Greed.
[quote]The prevailing wind was saying house prices would rise.[/quote]
Greed and stupidity. I had the “houses only go up” argument with a bunch of people during the run-up, and none of them seemed to remember the ’90s.
[quote]Many made, what they felt where, good decisions based on advice from bankers and what everyone else was doing.[/quote]
Greed validated by the greedy. A number of people in my family did the same thing and thought my wife and I were nuts for not diving in for as much as we could. We feel bad for them, or rather for their kids, but they have no one to blame but themselves. They won’t starve, but the nice cars, big house, and pricey toys will have to go. I don’t see the tragedy.
[quote]In many cases it was more about lack of knowledge. Sure, there was alot of greed and bad judgment but many people were well meaning and just didn’t know what they didn’t know.[/quote]
Most of the people in trouble went out and bought as much as they possibly could, as opposed to what they really needed. It’s just plain greed.
[quote]ox
…going soft [/quote]Nothing wrong with being nice. π
June 14, 2009 at 10:42 PM in reply to: California’s foreclosure moratorium………..Are we hosed yet again or what? #415971drboom
ParticipantI’m not trying to pick a fight with you, Ox, and I admire your compassion. But…
[quote=Oxford]
I hear ya but don’t feel it was ALL about greed regardless of the knee-jerk use of that term in these situations.[/quote]Knee-jerk for some, but this has been my and my wife’s considered position for the whole run-up. We felt the same way about the dotcom bubble when I was working in San Francisco and Sunnyvale right at the peak in 1999.
[quote]Some folks just lost their jobs.[/quote]
I’ve lost a couple due to startups going bust over the past several years, but my wife and I saved for a rainy day and lived way below our means so it was no big deal.
[quote]Some felt an ARM was a good idea thinking they could refinance.[/quote]
Greed.
[quote]The prevailing wind was saying house prices would rise.[/quote]
Greed and stupidity. I had the “houses only go up” argument with a bunch of people during the run-up, and none of them seemed to remember the ’90s.
[quote]Many made, what they felt where, good decisions based on advice from bankers and what everyone else was doing.[/quote]
Greed validated by the greedy. A number of people in my family did the same thing and thought my wife and I were nuts for not diving in for as much as we could. We feel bad for them, or rather for their kids, but they have no one to blame but themselves. They won’t starve, but the nice cars, big house, and pricey toys will have to go. I don’t see the tragedy.
[quote]In many cases it was more about lack of knowledge. Sure, there was alot of greed and bad judgment but many people were well meaning and just didn’t know what they didn’t know.[/quote]
Most of the people in trouble went out and bought as much as they possibly could, as opposed to what they really needed. It’s just plain greed.
[quote]ox
…going soft [/quote]Nothing wrong with being nice. π
June 14, 2009 at 10:42 PM in reply to: California’s foreclosure moratorium………..Are we hosed yet again or what? #416229drboom
ParticipantI’m not trying to pick a fight with you, Ox, and I admire your compassion. But…
[quote=Oxford]
I hear ya but don’t feel it was ALL about greed regardless of the knee-jerk use of that term in these situations.[/quote]Knee-jerk for some, but this has been my and my wife’s considered position for the whole run-up. We felt the same way about the dotcom bubble when I was working in San Francisco and Sunnyvale right at the peak in 1999.
[quote]Some folks just lost their jobs.[/quote]
I’ve lost a couple due to startups going bust over the past several years, but my wife and I saved for a rainy day and lived way below our means so it was no big deal.
[quote]Some felt an ARM was a good idea thinking they could refinance.[/quote]
Greed.
[quote]The prevailing wind was saying house prices would rise.[/quote]
Greed and stupidity. I had the “houses only go up” argument with a bunch of people during the run-up, and none of them seemed to remember the ’90s.
[quote]Many made, what they felt where, good decisions based on advice from bankers and what everyone else was doing.[/quote]
Greed validated by the greedy. A number of people in my family did the same thing and thought my wife and I were nuts for not diving in for as much as we could. We feel bad for them, or rather for their kids, but they have no one to blame but themselves. They won’t starve, but the nice cars, big house, and pricey toys will have to go. I don’t see the tragedy.
[quote]In many cases it was more about lack of knowledge. Sure, there was alot of greed and bad judgment but many people were well meaning and just didn’t know what they didn’t know.[/quote]
Most of the people in trouble went out and bought as much as they possibly could, as opposed to what they really needed. It’s just plain greed.
[quote]ox
…going soft [/quote]Nothing wrong with being nice. π
June 14, 2009 at 10:42 PM in reply to: California’s foreclosure moratorium………..Are we hosed yet again or what? #416296drboom
ParticipantI’m not trying to pick a fight with you, Ox, and I admire your compassion. But…
[quote=Oxford]
I hear ya but don’t feel it was ALL about greed regardless of the knee-jerk use of that term in these situations.[/quote]Knee-jerk for some, but this has been my and my wife’s considered position for the whole run-up. We felt the same way about the dotcom bubble when I was working in San Francisco and Sunnyvale right at the peak in 1999.
[quote]Some folks just lost their jobs.[/quote]
I’ve lost a couple due to startups going bust over the past several years, but my wife and I saved for a rainy day and lived way below our means so it was no big deal.
[quote]Some felt an ARM was a good idea thinking they could refinance.[/quote]
Greed.
[quote]The prevailing wind was saying house prices would rise.[/quote]
Greed and stupidity. I had the “houses only go up” argument with a bunch of people during the run-up, and none of them seemed to remember the ’90s.
[quote]Many made, what they felt where, good decisions based on advice from bankers and what everyone else was doing.[/quote]
Greed validated by the greedy. A number of people in my family did the same thing and thought my wife and I were nuts for not diving in for as much as we could. We feel bad for them, or rather for their kids, but they have no one to blame but themselves. They won’t starve, but the nice cars, big house, and pricey toys will have to go. I don’t see the tragedy.
[quote]In many cases it was more about lack of knowledge. Sure, there was alot of greed and bad judgment but many people were well meaning and just didn’t know what they didn’t know.[/quote]
Most of the people in trouble went out and bought as much as they possibly could, as opposed to what they really needed. It’s just plain greed.
[quote]ox
…going soft [/quote]Nothing wrong with being nice. π
June 14, 2009 at 10:42 PM in reply to: California’s foreclosure moratorium………..Are we hosed yet again or what? #416454drboom
ParticipantI’m not trying to pick a fight with you, Ox, and I admire your compassion. But…
[quote=Oxford]
I hear ya but don’t feel it was ALL about greed regardless of the knee-jerk use of that term in these situations.[/quote]Knee-jerk for some, but this has been my and my wife’s considered position for the whole run-up. We felt the same way about the dotcom bubble when I was working in San Francisco and Sunnyvale right at the peak in 1999.
[quote]Some folks just lost their jobs.[/quote]
I’ve lost a couple due to startups going bust over the past several years, but my wife and I saved for a rainy day and lived way below our means so it was no big deal.
[quote]Some felt an ARM was a good idea thinking they could refinance.[/quote]
Greed.
[quote]The prevailing wind was saying house prices would rise.[/quote]
Greed and stupidity. I had the “houses only go up” argument with a bunch of people during the run-up, and none of them seemed to remember the ’90s.
[quote]Many made, what they felt where, good decisions based on advice from bankers and what everyone else was doing.[/quote]
Greed validated by the greedy. A number of people in my family did the same thing and thought my wife and I were nuts for not diving in for as much as we could. We feel bad for them, or rather for their kids, but they have no one to blame but themselves. They won’t starve, but the nice cars, big house, and pricey toys will have to go. I don’t see the tragedy.
[quote]In many cases it was more about lack of knowledge. Sure, there was alot of greed and bad judgment but many people were well meaning and just didn’t know what they didn’t know.[/quote]
Most of the people in trouble went out and bought as much as they possibly could, as opposed to what they really needed. It’s just plain greed.
[quote]ox
…going soft [/quote]Nothing wrong with being nice. π
June 14, 2009 at 9:34 PM in reply to: California’s foreclosure moratorium………..Are we hosed yet again or what? #415931drboom
Participant[quote=Oxford]
I just don’t feel good about nice people who made a poor financial decision getting such a life altering beat down.
[/quote]If there hadn’t been so much greed behind those “poor financial decision[s]”, I might agree with you. Greed isn’t especially nice, however, so I don’t feel too bad for most of them.
June 14, 2009 at 9:34 PM in reply to: California’s foreclosure moratorium………..Are we hosed yet again or what? #416188drboom
Participant[quote=Oxford]
I just don’t feel good about nice people who made a poor financial decision getting such a life altering beat down.
[/quote]If there hadn’t been so much greed behind those “poor financial decision[s]”, I might agree with you. Greed isn’t especially nice, however, so I don’t feel too bad for most of them.
June 14, 2009 at 9:34 PM in reply to: California’s foreclosure moratorium………..Are we hosed yet again or what? #416256drboom
Participant[quote=Oxford]
I just don’t feel good about nice people who made a poor financial decision getting such a life altering beat down.
[/quote]If there hadn’t been so much greed behind those “poor financial decision[s]”, I might agree with you. Greed isn’t especially nice, however, so I don’t feel too bad for most of them.
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