The Pentagon on Friday fired the editor-in-chief of Stars and Stripes and a top reporter for insubordination after they spoke publicly against any interference by the Defense Department in the military news outlet that has a long history of editorial independence. read more
Federal prosecutors in New Jersey have sought a judge's approval to dismiss with prejudice longstanding charges against the alleged mastermind of a $722 million cryptocurrency Ponzi scheme. read more
The Supreme Court unanimously ruled Thursday the government can't criminally prosecute a man for possessing a firearm simply because he regularly smoked marijuana ... read more
Officials altered their views on the economy, raising their outlook on inflation for 2026 to 3.6% on headline and 3.3% for core, which excludes food and energy. At the last update in March, committee members anticipated 2.7% rates for both measures. They also slightly lowered their projection for gross domestic product growth to 2.2%, down 0.2 percentage point from March, and cut the unemployment projection to 4.3%, down 0.1 percentage point.
AI capex now represents about 5% of US GDP, a level last seen during the late-1990s technology boom. read more
There was nothing for boomers to "figure out." Wages were livable, education cheap and readily available, housing cheap and available, unions and labor protections strong, retirement was a real thing, the US was respected and loved globally...
#64 | Posted by jpw
And all that started coming undone right around 1975:
"Since 1975, practically all the gains in household income have gone to the top 20% of households."
And started getting worse in the 90s:
"Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income."
worldfactbookarchive.org
Regardless of who you want to say "did" it, it happened on the Boomer's watch.
"driven by specific corporate policies and systemic political changes, not the consensus of ordinary citizens."
These things happened in the 80s and 90s. Driven by Boomer corporate practices, the consensus of rich corporate Boomers, and Boomer politicians on both sides of the aisle.
For example:
Boomers have taken more out of Social Security than they paid in.
"Recent analyses indicate that Americans retiring this decade, which includes the majority of baby boomers, are on track to receive approximately 265% of their own direct payroll tax contributions in lifetime Social Security benefits, or 133% when employer contributions are included. This disparity arises because the program operates on a pay-as-you-go basis, where current workers' taxes fund current retirees, and the worker-to-beneficiary ratio has declined significantly from five workers per retiree in 1960 to roughly 2.9-to-1 in 2026." --AI
fortune.com
Technically, there were no losers in WWII. All countries came out stronger than they had been.
#17 | Posted by madbomber
I appreciate how you're intellectually priming yourself to support WW3.