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  • On 28 Dec 2014 in Ahhhh, Socialized Medicine. 300 patients a day have surgery axed, bob2356 said:

    Rin says

    In other venues, educated ppl are paid much less than in health care, outside of finance, where it's not real work but a lot of hand waving and money shuffling. And there are no truly educated ppl in finance, even if they have a PhD from Oxford. That's more for cocktail parties, in reality, it's about presenting an image to clients.

    I've known plenty of truly educated people in finance that do plenty of real work beyond hand waving and money shuffling. It. Cocktail parties and image to clients? Yea right, you wish. Where exactly do you work in "finance", some boiler room pump and dump operation?

  • On 28 Dec 2014 in Ahhhh, Socialized Medicine. 300 patients a day have surgery axed, bob2356 said:

    Rin says

    bob2356 says

    You are free to get your next surgery by someone with an engineering degree and no additional education requirements.

    Nice try Bob, but they still need to get a general surgery residency.

    Did I not already explain that above? Or are you just trolling?

    Medical school, in itself, doesn't train someone to become a surgeon. But you already knew that, didn't you?

    The first 2 years of medical school are classroom and clinical, the second 2 years are all clinical. Where is a stem grad going to pick up almost 3 years of clinical experience to get into a residency program? Not to mention passing usmle step 2 which is a test of clinical skills to get into a residency .

    Nice try, but of course you knew that already didn't you. Just trolling?

  • On 27 Dec 2014 in Ahhhh, Socialized Medicine. 300 patients a day have surgery axed, bob2356 said:

    Rin says

    Too complicated, as an assessment based society ... the USMLE scoring, in itself, is enough to prove if a STEM person is intelligent enough to be a physician or at least, a physician's assistant, with no additional educational requirements besides one's prior BS, MS, or PhD in the science and engineering disciplines.

    You are free to get your next surgery by someone with an engineering degree and no additional education requirements. Let us know how it turns out.

  • On 27 Dec 2014 in Ahhhh, Socialized Medicine. 300 patients a day have surgery axed, bob2356 said:

    Call it Crazy says

    MORE than 300 patients a day are having operations cancelled as the National Health Service runs out of beds, official figures show.

    How may operations are cancelled and rescheduled each day in the good old USA? Seems to me without that number you can't compare the two systems. The best number I can come up with is 5-15% cancellation rate depending on the hospital with 50 million surgeries a year. That's somewhere between 2.5 and 7.5 million cancellations a year for all reasons. Lack of beds is about 30% of cancellations so between .8 million and 2.5 million for lack of beds. That means 2-7k a day. We have 5 times the population of the UK and somewhere between 7 and 23 times the number of cancellations for lack of beds.

    So the worst most perpetually underfunded public health care system (what you call socialized) out there is doing far better on cancellations than the US for half the cost.

    Did you actually have some type of point with this topic?

  • On 27 Dec 2014 in Jaguar Inflation -- A Layman's Explanation of Government Intervention, bob2356 said:

    indigenous says

    bob2356 says

    That being said I'm really looking at the Russian stock market hard.

    Index fund?

    You can buy etf's (RBL,RSX, etc) or adr's (Gazrpom AOA, etc) directly on the us market. Otherwise you can use a US broker with access to RTS (Russian Trading System) or use a russian broker directly. FINAM is the largest russian broker. RTS has an english language version to let you research stocks. The world bank russian page has a good section on the economics inside russia. http://www.worldbank.org/en/country/russia

    You planning to invest? I'm personally waiting to see where oil bottoms out at and then look at which companies over there survive.

  • On 27 Dec 2014 in How can we reduce the cost of life-saving drugs, bob2356 said:

    CaptainShuddup says

    APOCALYPSEFUCKisShostikovitch says

    What shareholders need to hear is how an aspirin can cost $77,323.

    Yeah but you got 10 people making $60K to $120K a year giving it to you. And they aren't even one of the 10 mystery Doctors you don't remember seeing, that will send you a bill, for that visit that required that 77 grand aspirin.

    You are supposed to be a defender of freedom. These are job creators we are talking about. What do you have against free enterprise?

  • On 27 Dec 2014 in Fat donut eaters make 300k a year??, bob2356 said:

    theoakman says

    Lol, what's my beef? The fact that it's gonna cost $30 to cross the GWB by 2020 at this rate.

    What's with you and your fanatical defending of an agency that pays out 200k in overtime to an "officer"?

    If you want similar comments, just read the comment section on the article from nj.com.

    http://www.nj.com/news/index.ssf/2014/12/police_dominate_port_authority_overtime_list_top_53_recipients_are_cops.html

    Yea, and everything else in NY/NJ is going to cost just as much. It's the price for living there and always has been "as far back as". Stop whining or move somewhere else.

    I'm not fanatically defending anything. I said they do a pretty good job. Not a fantastic job, but pretty good. Did you actually read your own article btw? It says the PA felt that paying overtime was cheaper than bringing on new people. Maybe that was a good call, maybe not. But realistically 190 million in overtime in an 8 billion dollar budget isn't the end of the world. It makes nice headlines though.

  • On 27 Dec 2014 in SF Fed Forecasting Stocks To Get Cut In Half, bob2356 said:

    smaulgld says

    Older people should be retiring and pulling money out of the stock market but they are not because low interest rates don't provide them with enough income to live off, so they keep money in the stock market.

    Ok I see, you were talking about rebalancing portfolios not drawdowns. Very true, way too many people are still in stocks for their age.

    But the other side of the equation that no one talks about is how the explosion in IRA's and public emplpyee retirements in the last 30-40 years has affected the stock market. Prior to the 80's private employees either in defined benefits or had nothing and public pension plans were just starting to come up big. Also most of the defined benefits plans in those days weren't nearly as invested (many weren't really funded at all) in stocks as IRA's and today's public plans. Any thoughts on how that is driving the market? I can't seem to find anyone looking at it.

  • On 27 Dec 2014 in Fat donut eaters make 300k a year??, bob2356 said:

    theoakman says

    You don't seem to be following. You don't get a job as a "port authority police officer" unless you are a relative or friend of someone already in the department or a politician

    I dont' have to follow that bullshit. Ok you know so much, prove that.

    theoakman says

    "You read". That's exactly the problem. Anyone who's lived within 5 miles of the GWB knows that the whole agency is a joke and a money pit.

    Yes I read. I didn't have time to go count everyone going through PA properties. Perhaps you would like to give it a try for a year of so and report back to us if the count is wrong.

    You are saying you've lived within 5 miles of the GWB? So have I, starting probably before you were born and as recently as 2001, on both sides of the river. I don't know the whole agency is a joke and a money pit. There's plenty of political patronage no doubt. They also manage billions of dollars in public assets including 6 airports including 2 of the busiest in the country, 7 major ports, and a bunch of bridges and tunnels. Usually managing them pretty well considering how well anything else in NY/NJ runs.

    What your beef with the PA, your sister get boffed by someone from the PA or something?

  • On 27 Dec 2014 in SF Fed Forecasting Stocks To Get Cut In Half, bob2356 said:

    smaulgld says

    Because interest rates have been kept low-boomers are not leaving the market

    splain that.

  • On 27 Dec 2014 in Jaguar Inflation -- A Layman's Explanation of Government Intervention, bob2356 said:

    tatupu70 says

    True-but even with the ass reaming, stocks still perform better over the long term than any other investment that the average Joe can find. Just curious--where did you invest that was lower risk (assuming lower risk since you weren't worried)

    I don't consider the US equities market lower risk than anything. It's a gamblers market in my mind. The days of buying stocks on solid fundamentals with a good dividend return are as dead as ma bell;s rotary phone. That being said I'm really looking at the Russian stock market hard. It's just been crushed beyond belief. There are companies with huge amounts of hard assets like oil and minerals that are now trading at a fraction of the value of the assets. It's just nuts. Apple is worth more than the entire Russian market.

    To answer you question, I've gotten some rental units domestic and overseas, done some private financing, and have picked up some hoa liens. Since I don't look at appreciation as part of rental unit returns there is no risk in my mind and I get a solid 6-8% return professionally managed and never look at the price of the unit again. I've also done private financing to some people having trouble qualifying for commercial loans in the apartment complex business at 10%. Since the value of the apartment complexes (complexi?) exceeds the value of the loan it's pretty safe. Worst case scenario I'll be running apartments. I recently got into buying hoa liens in Vegas then renting the units out till the banks got their act together and foreclosed. That can take years. Since NV is a superpriority lien state I will get my money back when the bank foreclosure finally happens for up to 9 months of hoa fees and collect rent the whole time minus any fix up. This cozy arrangement has turned upside down now since the NV supreme court ruled in Nov that hoa foreclosures can extinguish all other lienholders including the primary. That shocked the shit out of me (and the banks who should have NOT stirred up that hornets nest, very bad move). HOA liens were selling 10-15 cents on the dollar (since the bank was going to get them back some day) are now selling at 90 cents on the dollar. I'll have to see if I can really get clear title to any of the properties or not. I would have preferred to just keep quietly collecting rent under the radar.

    Remember all of this activity is in the IRA. With self directed you can purchase any valid financial instrument as long as it's third party (no you can't sell you house to the IRA and pay rent). Flip houses, private mortgages, overseas investments, whatever. There are no taxes, no tax forms to file, nothing. You just pay income tax at withdrawal. You are also free to screw up royally if you are not careful. Bonus points, when the government requires IRA's must invest a percentage in tbills (no I'm not paranoid, I really think it will happen at some point) you will outside the loop.

  • On 27 Dec 2014 in Fat donut eaters make 300k a year??, bob2356 said:

    theoakman says

    The Port Authority are not a bunch of police officers. They are political appointees masking as ones. It doesn't matter which way cops in SF vote. This is New Jersey and New York. The port authority has historically been a pit of political appointees from Bergen and Hudson county in NJ along with the city government of New York

    WTF are you babbling about. PA recruits, hires and sends their cops to a police academy just like anyone else. PA cops aren't political appointees. The PA police are something like the 20th largest police force in the country. I read somewhere over 700 million people and god only knows how much cargo go through PA facilities a year. I think dealing with that volume of people and property qualifies them as real cops.

    An awful lot of "reasonable" assumptions going on without any basis other than I said so.

  • On 27 Dec 2014 in Fat donut eaters make 300k a year??, bob2356 said:

    indigenous says

    Post on #6 :

    The topic was police, everyone was talking about police, HEY YOU was satirizing police, you were clearly talking about police, you responded to my comment about proving police voted D. Don't be a weasel, even though that's what you do best.

  • On 27 Dec 2014 in Fat donut eaters make 300k a year??, bob2356 said:

    indigenous says

    bob2356 says

    and the only public union is cops? yep perfect reasoning, NOT

    Sactly, I did not say that but you somehow inferred it, as goes more along with your "I will point out your illogic". Funny most of the time you are the one suffering from this common malady.

    You said about cops "The vast majority vote their pocket book, IOW Democrat." and "Ds get elected by public unions" and "it stands to reason" that cops are voting democrat. There really isn't much logic or connection there anyway, but the implication (the only thing available since you are never willing to stand up and make a definative statement under any circumstance, I can see why you would use Aquinas and Aristotle) is that cops are voting in democrats to office as a quid pro quo for generous benefits and salaries. The logic problem is there is no evidence at all the cops are actually voting democrat. Your logic goes unions are democratic voters> cops belong to unions> cops are voting democrat. I realize you really aren't very good a logic but even you should see the fallacy in this.

  • On 27 Dec 2014 in Jaguar Inflation -- A Layman's Explanation of Government Intervention, bob2356 said:

    tatupu70 says

    If folks like Mell and Indigenous really want to find cronyism--start at the boardroom. Individual stockholders (average Joes like me with 401Ks) are getting raped each and every day--and it sure as hell isn't the Fed doing it. It's the BODs lavishing enormous bonuses and stock options on each other in an incestuous fashion. Those are profits that should be going to the stockholders... If someone wants to fix cronyism-start there!

    I don't know, I think that some of the cronyism leaks over into politics. The revolving door between government and corporations thing. People seem to forget the fed is really just a bunch of banks. The fed stock is all owned by banks and the banks elect the feds officers. I think there might be just a teeny bit of cronyism in that arrangement.

    Then again maybe not, after all campaign contributions are merely corporate expressions of free speech without any influence at all on policy.

    So change your 401k into self directed and get out of equities if you really feel you are being raped. I did it years ago. I'm only a little ahead of where I would have been if I had just let everything ride in equities and bonds through the crash and rebound, but without the worries. You are not powerless, you just have to be creative.

  • On 27 Dec 2014 in Drill Baby Drill - Plummeting Energy Prices Destroy Red States, bob2356 said:

    sbh says

    Guess not. You didn't think he could, did you? Spark up another, bro!

    Once and a while the captain has a lucid moment, so maybe. Perhaps that happens on the rehab days. But it's actually much more entertaining when he doesn't. Setting aside the terrifying thought that he's a parent and a voter reading the captain is usually the best humor on patnet after AF. The fact that he actually believes in what he posts makes it twice as funny.

  • On 27 Dec 2014 in Fat donut eaters make 300k a year??, bob2356 said:

    APOCALYPSEFUCKisShostikovitch says

    And memes. The MEMES!

    How could I forget the memes?

    Meme,
    Meme,
    The sun shines east, the sun shines west,
    I know where the sun shines best
    Meme,
    My little meme,
    My heartstrings are tangled around Alabemmy.
    I'm comin',
    Sorry that I made you wait.
    I'm comin',
    Hope and trust that I'm not late, oh oh oh
    Meme,
    My little Meme,
    I'd walk a million miles
    For one of your smiles,
    My Meme! Oh oh oh

  • On 27 Dec 2014 in Will the Shale Oil Credit Bubble Burst and Expose The Fake Economy, bob2356 said:

    bgamall4 says

    smaulgld says

    bgamall4 says

    Half the CME trades may be fake, according to a lawsuit pending. So the drop in prices is likely done by the financial sector as well.

    Agree that financial sector can manip up or down but this is clearly a flooding of supply driving the price down

    But supply has been flooded for years.

    No it hasn't. But keep thinking it's all a zionist plot.

  • On 27 Dec 2014 in Will the Shale Oil Credit Bubble Burst and Expose The Fake Economy, bob2356 said:

    landtof says

    Source: Gail Tverberg

    an interesting comparison...

    Where is the demand and usage on this chart? Without those it's meaningless. You know, the supply AND demand thing.

  • On 27 Dec 2014 in Wind machines cranking up to save citrus crops (1st story), bob2356 said:

    CaptainShuddup says

    Isn't this about harvest season now?

    Wait a minute. How can it be cold somewhere? I'm walking around in upstate NY in short sleeves at christmas. Doesn't that mean it's warm everywhere according to the captain's logic? I mean every time he finds a story about a little cold snap somewhere he declares the world is colder and there is no global warming. Doesn't the opposite apply? Oh sorry I forgot, the captains logic only applies when the captain uses it.

  • On 27 Dec 2014 in Jaguar Inflation -- A Layman's Explanation of Government Intervention, bob2356 said:

    tatupu70 says

    I'm also aware that the board of directors are supposed to represent the owners' interest in maximizing shareholder value. Part of that duty is setting up compensation structure so that the incentives for executives (and all employees, really) align with the overall goals of the corporation. So, if the executives compensation structure was set up to reward short term actions that hurt long term value of the corporation--it's NOT moral hazard, it's poor compensation structure.

    You have far too much faith in purity of purpose and far too little cynicism about the back scratching, inbred, old boys club that is the true state of boards of directors. If the directors were truly concerned about executive conpemsation they would let the shareholders vote on it. Instead they sit on each others compensation commitees and scratch each others back. Executive pay very rarely reflects the return to the investors. Look at all the ceo's making huge compensation for losing money.

  • On 27 Dec 2014 in Fat donut eaters make 300k a year??, bob2356 said:

    indigenous says

    bob2356 says

    It stands to reason how? Your reasoning has been pretty faulty pretty often.

    Because Ds get elected by public unions. Mine is less faulty than yours.

    and the only public union is cops? yep perfect reasoning, NOT. I can see why you don't understand CRA either.

    Instead of your version of "reason" (LOL) maybe try finding something to back it up. Nah, only mutts actually provide facts instead of feelings. Feelings are much more reliable.

  • On 26 Dec 2014 in Fat donut eaters make 300k a year??, bob2356 said:

    indigenous says

    bob2356 says

    You want to put up some kind of documentation that the vast majority of police are democrat or is it just another inditenous it's true because I believe it should be true statement.

    No it stands to reason, you mutts will probably put up something to the contrary, knock yourself out.

    It stands to reason how? Your reasoning has been pretty faulty pretty often.

  • On 26 Dec 2014 in Fat donut eaters make 300k a year??, bob2356 said:

    indigenous says

    HEY YOU says

    The Right wing needs to get off it's ass and demand charges of treason for any R/C/T that receives any form of assistance funded by tax dollars.

    The vast majority vote their pocket book, IOW Democrat.

    You want to put up some kind of documentation that the vast majority of police are democrat or is it just another inditenous it's true because I believe it should be true statement.

  • On 26 Dec 2014 in Jaguar Inflation -- A Layman's Explanation of Government Intervention, bob2356 said:

    tatupu70 says

    The bank bailouts sucked, but if you're going to argue against them, at least have some logic. How can it be moral hazard when bank owners lost 90% of their investment? You think that owners sat back and said--"yes, I'm OK with losing 99.9% of my money as long as I'll have the chance to take out loans for billions of dollars that I'll have to pay back and avoid going bankrupt?"

    WTF are you talking about the bank owners. Banks are corporations. The owners are the stockholders. They should have lost 100% along with the bondholders.

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