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As Janet Heinritz-Canterbury of the California Alliance for Retired Americans explains it, retirement in America has historically rested on a three-legged stool – the pension from your job, income from your own investments and assets, and Social Security.
But where are most Americans today in their ability to even contemplate retirement? Most of us no longer get pensions from our jobs; what investments we may have are losing money while home prices have declined; and now some members of Congress and possibly President Obama are out to substantially lower Social Security benefits.
According to the American Association of Retired People (AARP), a frightening 35 percent of Americans over 65 currently rely only on Social Security (an average person gets benefits of $14,000/year) to survive. On January First of this year and continuing for the next 19 years, an additional 10,000 people A DAY will be turning 65.
Recently, we noted that our friends at American Rights at Work called for a boycott of Amazon.com. As friend-of-this-blog and renaissance-man-about-town Joshua Joy Kamensky notes, however, we need to be more careful with the B-word.
Boycotts are ubiquitous. Progressives boycott Wal-Mart because of its anti-worker practices and its impact on local economies. Conservatives boycott stores that say “Happy Holidays” instead of “Merry Christmas.” Los Angeles boycotts (kinda sorta) the state of Arizona over the anti-immigrant SB1070. Animal rights activists boycott Nestea for animal testing. Anti-Islamists boycott halal turkeys. Every time some politician says something idiotic or offensive, people dig up the donor list to that politician, and boycott the corporate sponsors.
But sometimes things get confusing. Are we boycotting Home Depot to get it to stop using old-growth redwoods,
It wouldn’t be Christmas without basketball. So goes the thinking in the NBA, as the players and owners reached agreement over the holiday weekend on a new six-year deal that will give us a shortened, 66-game season and the all-important marquee games on Christmas Day.
For all the discussion of the issues the past few months, writers have been quick to move from analysis of Basketball Related Income to breaking down the 2011 (barely)-2012 season. In part, that’s because all the details aren’t in, but here are a few links for your reading pleasure.
First up is a memo from National Basketball Players Association head Billy Hunter explaining the deal. Take the cheerleading with a grain of salt, of course, since Hunter’s been under fire and needs to tell players what they won after giving up some paychecks. (This is what everyone says,
“It’s not brain surgery.”
My cousin’s husband, Keith, says this to me a lot. He says it whenever he’s giving me complicated instructions on how to tackle some grueling home-repair process, usually one involving multiple steps and materials and equipment I’ve never heard of. And at that point I always picture myself standing over some inert patient on a gurney, bone saw in hand, wondering if I should go ahead and cut into their skull or wait for a trained professional, because as far as I’m concerned what he’s describing might as well be brain surgery, it sounds that difficult.
But for Keith it’s really not difficult. He’s done this kind of thing for years. He worked in residential construction for more than a decade and has remodeled every house he’s ever owned, generally more than once. He takes his own expertise and know-how completely for granted,
I don’t believe in empires. They don’t turn out well. They may last for a while – even a long while – but ultimately they collapse, and they don’t make most people’s lives much better in the process. Think Rome or the Ottoman Turks or the Spanish or the Brits. There are many reasons for the sad course of empires, but to me it’s about institutions.
We human beings organize themselves in one of two ways — as institutions or as associations. Institutions are usually big organizations that do big jobs where people get paid to do the work. Like governments and corporations. These institutions operate on protocols, make or sell lots of the same things, and need many customers or clients or constituents. Institutions run from the top down, which is why I think of them as triangles – the power of decision-making happens at the top, the rest of us follow the rules.