Thanks to two WSJ OPED authors that assured me Boomers may have bigger nest eggs that some darned FED statistics suggest.
The link to this upbeat Golden Year article is: http://online.wsj.com/news/articles/SB10001424052702304603704579329012635470796 [ this is the source of my nest egg image by the way ].
2. Loving Life on the Downslope – Thank you Pushkin!
Quoting from a recent WSJ article about a classic mid-life elegy (http://online.wsj.com/news/articles/SB10001424052702304325004579298622623826110)
“Pushkin bestows what is almost certainly among the shortest and most powerful inventory of life’s immutable treasures penned by a poet:
“I know there shall be enjoyments for me
Amid sorrows, cares and anxieties:
At times I again will be intoxicated by harmony,
Weep over my fantasy’s creation,
And perhaps on my sad sunset
Love will shine its farewell smile.” “
Enough said for now (as I’m looking downslope).
Protect yourself online:
So how do you spot a phishing attack?
Start by looking for some of these characteristics:
Sensitive information, such as login credentials, intellectual property, business information, or your own personal information, is requested. l The email or phone call offers a powerful incentive to reply—perhaps with a purported job opportunity or financial reward. l A sense of urgency is conveyed. For example, the sender really needs your help right now, or you have only 24 hours to lock in an opportunity. l The message seemingly originates from a person you trust, but the tone and wording doesn’t quite seem like them. l The email contains a link to an unusual attachment,
often in a format you don’t recognize. l The message contains bad spelling or bad grammar. (Yes, there are still plenty of these old-school phishing at-tempts circulating on the web!)
What to do
Here are some expert tips on how to handle communication, especially email, in a way that will thwart nearly all phishers: l Start by ensuring that your PC or mobile device has all appropriate malware protection, and that your software is up to date. Many phishing attacks bet on finding victims whose computers lack sufficient protection. l Be very skeptical about links and attachments in messages—even if those messages appear to come from people you know. Often, if you hover your mouse over a link, that link’s actual web address will appear. This thwarts a common phishing trick: disguising, or “spoofing,” a link. l No matter how authentic an email appears, never let it persuade you to do anything that violates laws, rules, or company policies. l Use common sense. In this day and age, do you really think that your bank, the IRS, or your manager want you to disclose sensitive information in an email? l Don’t be rushed. That awesome opportunity will still be there tomorrow, no matter what the emailer says.
Following so closely the Lee Surrender @ Appomattox Court House;
President Lincoln’s fateful trip to Ford’s Theater for “An American Cousin” is remembered in these images:
Memories about our 16th President’s Assassination – 150 years ago.
Recall that Secretary of State Seward was also attacked on that sad Good Friday – luckily he survived his knife attack by a Booth co-conspirator. Vice President Andrew Johnson was also an intended target – yet his attacker did not follow through with his assignment.
Our first presidential assassination, national mourning, Reconstruction and tumultuous times ensued.
Is there a silver lining to this VERY, VERY dark cloud for our future?
“What’s the word for our fiscal situation? Stunning? Shocking? Desperate? In recent testimony before the Senate Budget Committee, Boston University Economics Professor Laurence Kotlikoff, in effect, told the Committee that all of these terms are pathetically inadequate to describe our true fiscal situation. In compelling testimony, Kotlikoff argues that the federal fiscal situation is much worse than the CBO estimates let on. The reason is that CBO’s debt estimates do not take into account the full financial obligations the government is committed to honor, especially for future payments of Social Security, Medicare, and interest on the debt…. Oy!
Two officers and gentlemen – fellow West Pointers – called it quits after a great Civil War.
“Over the fifteen decades since the end of the Civil War, the “memory” of the war has become increasingly artificial given that nobody alive today has actual memories of the war. Broadly speaking, however, these “memories” fall into two categories: the realistic and the nostalgic. Those two types of memories were already visible in the 1860s as exemplified by simple sketches and unselfconscious romanticism.”
A Roadmap to Monetary Policy Reforms
by Norbert Michel
We now have a 100-year history by which to judge the Federal Reserve’s performance. On balance, the Fed has not increased economic stability relative to the pre-Fed era. The Great Depression, the great stagflation, and the 2008 financial crisis have all occurred on the Fed’s watch. Even excluding the Great Depression, business cycles have not become appreciably milder, nor have recessions become less frequent or measurably shorter. Norbert Michel argues “The Fed has strayed so far from the classic prescription for a lender of last resort—to provide short-term funds to solvent institutions at penalty rates—it strains all reason to suggest that it has successfully fulfilled that function.” In the article, Michel puts forward a direction for policymakers to begin addressing these issues.