Arts and Entertainment

Reading is good, it is one of those things more people, like the host of idiots that come over here and try to spin each and every post that points out the irony, hypocrisy, recklessness, and out right bullshit of the GOP and it’s supporters.  People like them don’t read books, because they get all they need to know from reading the NRO, watching FOX news.  They are told not to read papers and books written by NYTimes pulitzer prize winning journalist, nobel prize winning economists etc.  Those people are dumb and biased.    Here is another book they won’t read.  It would educate them about the citizens of Afghanistan and Iraq.  It would tell them what they need to know about how those people (yes I said those) view Americans, how they view war, how they view each other in battle and how they view Americans in their country on their soil.  Sort of important things to know really, so when you are watching/listening a blonde bobblehead read a telemprompter and are dazzled by her insane reading ability and uncomparable brilliance you will stop yourself and say, “Hey, what she just said is complete bullshit”. But alas, why bother to read and learn on your own.  Support the war, put a magnet on your car and talk down people against it. 

Pick up “THE FOREVER WAR”. Believe it or not daughter #2 had it on her summer reading list, she never finished it because she didn’t like the violence in it. Unbeknowst to me it was on the NY Times 10 best books of the year.

A Sqyuishy quest to further educate continues…

Update 2: 

Pension Debt is unsecured debt.  Like a credit card.  Pretty sweet huh?  So that money you were promised, gauranteed, poured your blood sweat and tears for, is worth less than the paper it was written on.  It is an albatross tied around a companies neck going into or coming out of BK

Delaware’s BK Court heavily favors the Debtor (company filing bk) which means creditors get screwed, which means pensioners get screwed.  (here that DuPont pensionee’s?)  In fact courts want the big cases and show a bias to debtors to get those cases….Delaware stands out and NY too.

Pg 59: In the 1980’s companies found their pension coffers overflowing.  That money wasn’t for pensions since it went above and beyond what should have been in there.  Several companies went after that money: EXXON, UNION CARBIDE, PACIFIC LUMBER, OCCIDENTAL PETROLEUM

Pg 91 in 2006 Hedge Fund company Avenue Capital specializing in Vulture style debt management, gentlier called “distressed debt market” hired Chelsea Clinton
and finally for today….this quote:

“It becomes a factor you price into the deal. It’s not dissimilar to looking at an industry with an asbestos claims.”

There are only two things I can’t stand in this world. People who are intolerant of other people’s cultures… and the Dutch.”