Congress Is Coming After Your 401(k)

Congress Is Coming After Your 401(k):

“It’s not really a question of whether retirement plans will get a haircut, but of how much.” A proposal floating around in Republican circles in Washington would add insult to injury: They want to end the tax-deductibility of your pension contributions so they can give a $1.5 billion tax break to U.S. corporations.
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George Carlin …

George Carlin: The American Dream (Must-see!)

“They want your f****** retirement money. They want it back, so that they can give it to their criminal friends on Wall Street.”

was right!

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Middle-class pensioners to lose benefits under Tory plan to fund social care

Middle-class pensioners to lose benefits under Tory plan to fund social care:

Middle-class pensioners are to lose benefits under Conservative plans to fund social care, Theresa May will announce on Thursday.

The Conservative manifesto will set out plans to begin means-testing winter fuel payments and to charge more people who currently receive free care in their own home.

The money saved from means-testing the annual heating handout, worth up to £300, will be used to help close the £2.8 billion social care funding gap.

The Conservatives will also pass legislation to ensure nobody has to sell their home to pay for their care during their lifetime, and new rules will allow pensioners needing nursing home treatment to keep more of their assets.

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Financial Weapons Of Mass Destruction: Top 25 US Banks Have 222 TRILLION DOLLARS Derivatives Exposure

Financial Weapons Of Mass Destruction: Top 25 US Banks Have 222 Trillion Dollars Derivatives Exposure:

The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes.

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Baltimore: A Glimpse Of America’s Future “Retail Apocalypse”

Baltimore: A Glimpse Of America’s Future “Retail Apocalypse”:

Via StockBoardAsset.com,

In recent months, I’ve toured the worst zip codes America has to offer. The rhyming factor in each zip code is deterioration post ‘American High’ (mid-1960s). This weekend, I’m bringing you a treat from West Baltimore, where the homicide rate is spiraling out of control. In some areas, it’s so bad that mobile police stations in 40 foot RV’s are patrolling the streets. Block after block, it resembles a post-apocalyptic view of America, if industry fails to return. We’ll save this story for later.

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Maduro Urges “I’m No Mussolini” As Venezuela Drifts Towards Civil War

Maduro Urges “I’m No Mussolini” As Venezuela Drifts Towards Civil War:

By Gwynne Dyer via BangorDailyNews.com,

“I am no Mussolini,” Venezuela’s beleaguered President Nicolas Maduro insisted on television early this month. But if things go on this way, he could end up like Mussolini. That would be very unfortunate for him and also for Venezuela.

The daily street protests against Maduro’s rule are in their second month, and around 40 people have already been killed, most of them by the police. “Molotov cocktails” (fire-bombs) are old hat; the new fashion is for “poopootovs” — containers of human or animal excrement that are thrown at the security forces. Nobody knows when it will all end, but most people fear it will end badly.

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Worst Restaurant Tailspin since 2009/2010 Crushes Lower End

Worst Restaurant Tailspin since 2009/2010 Crushes Lower End:

“Rising household debt load” likely to “suppress consumption, including eating out.”

So another chain restaurant is “preparing” to bite the dust. Ignite Restaurant Group, which operates the Joe’s Crab Shack chain with 113 locations and the Brick House Tavern chain with 25 locations, and used to operate the Romano’s Macaroni Grill chain with 150 locations until it sold it in 2015, is preparing to file for bankruptcy, “people familiar with the matter” told Bloomberg.

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“Worst-Ever Recorded” Ransomware Attack Strikes Over 57,000 Users Worldwide, Using NSA-Leaked Tools

“Worst-Ever Recorded” Ransomware Attack Strikes Over 57,000 Users Worldwide, Using NSA-Leaked Tools:

The ransomware has been identifed as WannaCry

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Update 4: According to experts tracking and analyzing the worm and its spread, this could be one of the worst-ever recorded attacks of its kind. The security researcher who tweets and blogs as MalwareTech told The Intercept“I’ve never seen anything like this with ransomware,” and “the last worm of this degree I can remember is Conficker.” Conficker was a notorious Windows worm first spotted in 2008; it went on to infect over nine million computers in nearly 200 countries. As The Intercept details,

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