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2005 Apr 11, 5:00pm   178,023 views  117,730 comments

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7827   Patrick   2011 Jun 30, 2:13am  

BTW, here's the email:

Hello,

Unfortunately, Governor Brown has signed into law the bill that we emailed you about earlier today. As a result of this, contracts with all California residents participating in the Amazon Associates Program are terminated effective today, June 29, 2011. Those California residents will no longer receive advertising fees for sales referred to Amazon.com, Endless.com, MYHABIT.COM or SmallParts.com. Please be assured that all qualifying advertising fees earned before today will be processed and paid in full in accordance with the regular payment schedule.

You are receiving this email because our records indicate that you are a resident of California. If you are not currently a resident of California, or if you are relocating to another state in the near future, you can manage the details of your Associates account here. And if you relocate to another state in the near future please contact us for reinstatement into the Amazon Associates Program.

To avoid confusion, we would like to clarify that this development will only impact our ability to offer the Associates Program to California residents and will not affect your ability to purchase from Amazon.com, Endless.com, MYHABIT.COM or SmallParts.com.

We have enjoyed working with you and other California-based participants in the Amazon Associates Program and, if this situation is rectified, would very much welcome the opportunity to re-open our Associates Program to California residents. As mentioned before, we are continuing to work on alternative ways to help California residents monetize their websites and we will be sure to contact you when these become available.

Regards,

The Amazon Associates Team

7828   Patrick   2011 Jun 30, 2:15am  

Say, this means Amazon is just going to keep all those commissions that it gets from this moment on due to all those links from people in California.

So in the short term, until people bother to take those links down, Amazon is making more money by cancelling the affilliate program...

And I wouldn't be surprised if they just keep the $25 I supposedly earned. Probably some fine print says they can do that.

7829   Patrick   2011 Jun 30, 5:03am  

Sorry for the double post. I had trouble registering (my fault).

"Atlas Shrugged scorched earth" is a good way of phrasing what Amazon has done. And there are a lot of real people down here on the scorched earth who are losing their income. The law did not require Amazon to shut down affiliates. That was Amazon's spiteful choice.

7830   SoTex   2011 Jun 30, 8:26am  

Rats, Shrek beat me to it:

http://beta.news.yahoo.com/amazon-cuts-off-california-affiliates-201321875.html

I have to say I've got more respect for Amazon than I did before. Marcus almost had me convinced they'd chicken out due to the market size.

I feel bad for those in CA that are going to get burned (by the govt!) but am happy Amazon followed through - on principle if nothing else.

I flew back from Texas to CA this week. Flying into LA there was a multi-row discussion around me (I just listened) about how all were from LA but only visiting. They'd moved to San Antonio for the better business climate. One said, "Man, I'm afraid to get off of the plane that I won't want to go back but I have to"

7831   Â¥   2011 Jun 30, 2:00pm  

"authorized by law"

it's right there.

One thing the country needs to understand is that the Congress in fact has pride of place in the Constitution. It is the primary body that defines what our government is and does, it's the Executive's job to implement what it desires.

This is why the electorate giving the House back to the Republicans was one of the stupidest things we've collectively done, well, since the 2004 election at least.

Congress is perfectly free to pull the plug on government. Let the chips fall. The Dems have been too fucking cowardly about this, though I understand they don't want to see half the country screwed over in this fight, since the Republicans own much of the media message apparat these days.

7832   wtfcapinv   2011 Jun 30, 11:04pm  

None of this will matter. The Greeks already have a system they call the "envelope system". Deals are made via envelope. Both parties negotiate rates for everything. The envelope contains the negotiated value.

According to my Greek friends, they have used this for over 20 years for everything from medical service to home repair.

7833   tatupu70   2011 Jun 30, 11:24pm  

simchaland says

From a psychotherapist’s perspective, the envy and obsession show features of becoming disorganized and pre-psychotic

From a layman's perspective, it's just kind of sad.

7834   bob2356   2011 Jul 1, 3:10am  

Bap33 says

Is SSI having trouble because the actual cash was taken and used on other Gov PROGRAMS?? Or is that just a smoke-and-mirrors stuff?

Medicare and Medicade — both are welfare for anyone that has not paid into the system. End all forced wealth transfers — including transfering taxpayer wealth to doctors.

THe War Dept should collect bounty when they save someone elses arse. But, at this time, if I were POTUS, I would have all hands on deck on the southern border and a mass anti-invasion action under way. And a big fence/mote combo under construction.

As a citizen, taxpayer, and voter do you really not know that:

SSI has been raided for decades to pay for the general budget.

The difference between Medicare and Medicaid programs as well as the difference in how the are funded.

That the military is prohibited by law (Posse Comitatus Act) from acting in a law enforcement capacity.

That is disturbing to say the least.

7835   Â¥   2011 Jul 1, 3:41am  

SSI is supplemental welfare payments to people whose regular benefits leave them unable to survive.

SSA is the general social security program.

SSA has not been "raided", it is owed $2.5T by the general fund and as such is the general fund's largest bondholder, next are China, Japan, etc.

http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

If SSA has been "raided", then so have all these nations, since SSA bond holdings are pari passu with general treasury bonds.

7836   marcus   2011 Jul 1, 5:48am  

Troy says

If SSA has been “raided”, then so have all these nations, since SSA bond holdings are pari passu with general treasury bonds.

It hasn't literally been raided. But it has made tax cuts for the rich and further deficits more possible, because the way the SS surplus was accounted for, essentially made it easier to lie about the extent of our deficit spending. IT helped make the original GW Bush tax cuts possible. SS surpluses caused deficit spending to be understated and the surplus at the end of the Clinton admin was overstated, which led to:

http://en.wikipedia.org/wiki/Economic_Growth_and_Tax_Relief_Reconciliation_Act_of_2001

Also it has helped us to be in the situation we are now, where the liars and spenders can say "see, you libs with your social spending and entitlements are destroying us."

Btw, as far as I'm concerned the democrats were complicit in this. They should have never allowed SS surplus to offset what we labeled as our deficit. We would would have still used the SS surplus to fund deficits, but the amount of borrowing would have been less. (ie the difference between non SS revenue and spending would have been less if as an accounting measure the SS surplus was not treated as simply part of the federal tax revenue).

Some corporations might have done this kind of thing with pension contributions, but only when they got desperate. I have a difficult time fathoming why this had to be this way with the federal govt.

Don't miss this editorial Patrick posted today:
http://www.oftwominds.com/blogjune11/buy-congress-back6-11.html

I couldn't agree more with what he says.

And really I don't see the term "raiding" SS as so incorrect.

7838   michaelsch   2011 Jul 1, 6:17am  

In the long run I would buy reverse (short) ETFs on US banks and ETFs of food and some energy.

The reasons are: without hugh money printing many major US banks such as BoA, Chase, etc will go bankrupt. With the amount of money printed to sustain them we'll have very high inflation and food prices will skyrocket.

7839   michaelsch   2011 Jul 1, 6:21am  

I think this should go to investments discussions.

7840   Â¥   2011 Jul 1, 6:22am  

And really I don’t see the term “raiding” SS as so incorrect.

It was wise social policy to force the baby boom to invest for their retirement.

This money, unlike say the Norwegian Pension Fund, or the Alaskan Permanent Fund, was placed solely in UST.

"Raiding" implies the money is gone and can't be returned when needed. We know who has the money and it's now a political problem of getting tax rates raised such that the general fund can pay it back to the SSTF, starting around now.

For all I know this political problem will in fact not be solved, and the baby boom and Gen X will see $2.5T stolen from them (since the FICA overpayments ran from 1989 through 2009).

The larger problem is fixing the system's desire to run massive deficits. We don't have to do this, but we are.

7841   corntrollio   2011 Jul 1, 6:51am  

1) Learn about investing.
2) If you are uncomfortable learning about investing, hire a flat-fee financial adviser.
3) Whatever you do, don't ask random yahoos on the internets about statements made by other random yahoos.
4) ????????
5) PROFIT!!!

7842   tatupu70   2011 Jul 1, 6:54am  

Not to steal another poster's thunder, but I'd plant potatoes.

7843   HousingWatcher   2011 Jul 1, 7:14am  

"And the union pork is just one of NINETY-SEVEN amendments/alterations of the original Bush pacts that the Reps haven’t even read though yet,"

And what does one of the other amendments have in it? An anti abortion provision. That's right, the GOP is so quick to ban abortion they will even put it into a trade bill. Because clearly abortion and trade are directly connected.

http://www.huffingtonpost.com/2011/06/30/orrin-hatch-abortion_n_887866.html

7844   corntrollio   2011 Jul 1, 7:16am  

HRHMedia says

I am a saver and under attack

Let me approach this a different way. What article or news are you talking about? I went to http://finance.yahoo.com/, http://www.marketwatch.com/, and http://online.wsj.com/home-page and did not see any headline like that. What is the bias of the author and where is he/she getting his/her information? What substantively did the author say?

7845   FortWayne   2011 Jul 1, 8:38am  

I think you are nuts if you think our government will let the dollar collapse.

7846   FortWayne   2011 Jul 1, 8:39am  

they have already dumped their affilliates in CA.

7847   uomo_senza_nome   2011 Jul 1, 8:50am  

michaelsch says

I think this should go to investments discussions.

Yep.

HRHMedia says

So I ask this forum what should a humble renter do who has savings?

If you think dollar will collapse, yeah gold/silver are decent bets. Anyone should have at least 15-25% (based on their risk appetite of course) in precious metals, purely because all countries are debasing currencies.

You did not link the news where it says dollar will collapse by the end of the year.

Here's an optimistic link: http://www.zerohedge.com/article/dow-20000-or-bust-or-how-james-altucher-stole-birinyis-ruler

Dow 20, 000 ...measured in printed fiat dollars of course lol.

7848   Clara   2011 Jul 1, 9:11am  

stocks - YES, Selectively.
currencies - YES, not USD though
investment - R.E. (there are cheap & good ones out there)
bonds - No
Gold or Metals- Yes, but not at this price point
Energy or Food - Yes, always

7849   Edzakory   2011 Jul 1, 10:34am  

Guns & Ammunition

They are always going up in price and also provide excellent security for your other assets.

7850   Clara   2011 Jul 1, 12:01pm  

Regarding the concerns:

- ipad clones getting very good
^-- I don't think the clones are that good. It can't replace ipad

- Google is entering the market
^-- Yes, Google is there but I played with several different tablet. They don't have what Apple has. The User Experience and the way the ipad device touches the user's heart & mind. Google don't have 'it'.

- iphone and droid sales currently about even
^-- iPhone don't have to grow tremulously, just steadily will just be fine for Apple to be very profitable

- product shortages for apple coming
^-- Not a bad thing, it drives demand and higher revenue. I am sure they know the pros and cons of factory ramp-up. So, this is priced in already (to me)

- chart looks identical to Google in late 2007
^-- Past result from a different company cannot be used to judge Apple. They have a very different philosophy behind what they do.

I have both Apple & Google stocks and I think they will both prosper. Nokia, RIMM, Motorola etc, I don't know..

Long on Apple & Google.

7851   clambo   2011 Jul 1, 1:44pm  

Thunderlips, I have been to China. There are 1000 million poor people. There are still 300 million who have a few bucks to spend.
Having seen human nature in other situations, people who have had less in life are MORE brand conscious than you or I are.
I for example can own a virginmobile android phone and do not care, but my friends in China all want Apple. My father and my neice and nephew are also unsatisfied with anything less than Apple.
My friend in Mexico was ecstatic with her little iPod I bought a couple of Christmases ago and gave her.
My Chinese girlfriend from Shanghai told me that it seems crazy to her how Chinese struggle to buy Apple products. But, she herself is also extremely brand conscious. She will give her parents in Shanghai an Apple computer so she can video chat with them, although any crummy windows paperweight will suffice. She would not insult them with a Dell hunk of junk.
Apple will go to at least $500/share in a few years. Depending on Jobs' health, it could be $1000 in a few more.
Women decide in China what is bought in the household. For better or worse,a guy in China must shuck out the dough if he has it.
Think about it, has your girlfriend ever asked you if you had paid for your retirement or health insurance or PG&E before she requested the lobster at that restaurant?

7852   C Boy   2011 Jul 1, 3:33pm  

What currency is there available to replace the dollar?

The Euro? Yen? Yuan? Swiss Franc? None of those will work.

As there is nothing right now to replace the dollar with, so it will remain the world reserve currency for the foreseeable future.

7853   B.A.C.A.H.   2011 Jul 1, 3:49pm  

humble,

those are not the only choices for investment.

You can invest in yourself, or invest in others, to pay for good training, education and the like. Or you can live off the cash while you startup a business.

7854   uomo_senza_nome   2011 Jul 1, 3:55pm  

C Boy says

What currency is there available to replace the dollar?

Bancor, proposed by IMF which is a version of SDR (composition of different currencies). US wouldn't want that for sure, as it cannot print its way out of its deficits, while having the luxury of being the world reserve currency.

C Boy says

As there is nothing right now to replace the dollar with, so it will remain the world reserve currency for the foreseeable future.

until it won't. The US Govt is in a Catch-22 situation. They can raise taxes and cut spending, which will push us into a recession. Or the Fed can print more money for Govt spending, which means inflation will be worse. So really inflation + recession = stagflation. Sure US can borrow money, but then 14 trillion $ of debt doesn't sit well with foreign creditors.

7855   Done!   2011 Jul 2, 12:24am  

She had Vadge bruises where the Old Dirty Bastard grabbed her Cootch. What kind of sick mother fucker grabs a girls junk like he's grabbing a rope. Maybe he was looking for other equipment, and didn't like what he found.
One thing is for certain, there ain't no woman signed up for the treatment her lawyer described, how that bastard abused her. I don't care what the circumstances are. He deserves every thing he's gotten to date for it.

The Lawyer hit the nail on the head about the inept prosecutor that will probably end his career if he loses this case. He's lost every high profile case to date. Why is this fucker even on the pay role if he can't deliver? Probably in training for the next supreme court judge head scratcher appointment.

7856   Katy Perry   2011 Jul 2, 12:55am  

learn to garden for food.
study yoga.
learn to live with less.

7857   mdovell   2011 Jul 2, 1:04am  

End of capitalism? doubtful. Even if you removed the dollar as areserve currency it would still exist. Technically even if you removed all currencies it would still exist.

How about these for ideas

get an ebook reader and chock it full of books on various diy stuff. I say a ereader because laptops are heavier and the battery life isn't as long. kindle and nook (I think) can read pdf's. How to cook, how to preserve foods etc.

Make friends with people that can fix things. Cars are obvious but if you use power tools that might help as well.

7858   FortWayne   2011 Jul 2, 1:57am  

I've heard Chinese women were tough, but I never knew they were this tough.

7859   Done!   2011 Jul 2, 2:15am  

You get NOTHING! Now good day Sir!

7860   FortWayne   2011 Jul 2, 2:41am  

Is that from the movie Producers? That was a great film.

7861   MisdemeanorRebel   2011 Jul 2, 3:46am  

I think that's the original Willy Wonka.

7862   FortWayne   2011 Jul 2, 3:51am  

no.

government only knows how to waste resources, not create it.

Take any private company, lets assume Apple. If it was ran by the government we would still be walking around with tape players instead of smart phones, they would be bankrupt, there would be public service unions fighting tooth and nail to keep their bloated pensions and salaries while providing absolutely no benefit while the government would be bailing them out on a daily basis like Fannie and Freddie.

This smells like communism.

7863   bob2356   2011 Jul 2, 3:56am  

Anyone that can rack up a 100,000 bar bill on a plane is my hero. You go girl. Who says dems aren't any fun?

7864   bob2356   2011 Jul 2, 4:08am  

What can't be paid won't be paid. The money is gone. Tax rates high enough to balance the budget won't happen. Inflation or default are it.

7865   marcus   2011 Jul 2, 4:12am  

Okay, so Bachman is not only a very stupid right wing nut job, but also a liar.

http://www.politifact.com/truth-o-meter/statements/2010/sep/21/michele-bachmann/michele-bachmann-accuses-nancy-pelosi-spending-100/

http://jacksonville.com/news/metro/2010-04-04/story/fact-check-pelosis-100000-expenses-was-not-all-food-booze

And then there are stupid and dishonest people who pass this stuff around in emails (eg shirkworm).

7866   elliemae   2011 Jul 2, 4:45am  

shrekgrinch says

And then there’s Biden….who wants to touch that one?

Ewwwwwwwwwwwww! Shrek wants to "touch" Biden!

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