No one is safe from people who pack guns, even if they’re neighbors and friends. You never know where a bullet might be coming from.
1. A Kentucky state Representative Leslie Combs discharged her pistol in her office while trying to unload it. Luckily, the rep who was talking with her dodged the bullet. Combs shrugged it off. “I am a gun owner…. It happens,” she said. That’s truth popping out. Gun owners expect accidents. The rest of us are expected to stay out of the way. If you get shot by accident, well, that’s life. http://bit.ly/1difrwq
2. In Florida, state law lets you use firearms in your yard, as long as you don’t behave “negligently or recklessly.” But what can possibly be “non-reckless” use of a firearm in a neighborhood where yards are small and homes are packed together? A Central Florida man standing in his own backyard was shot through the chest and killed, by a bullet let loose from a shooting range in a nearby yard. The story said that police are investigating.
“Police are investigating??’ Investigating what? Is there any way that a guy having target practice, a few yards down, and kills a neighbor, can run free? Is it a defense against manslaughter to say that, unfortunately, you’re a “bad shot?” http://bit.ly/1itQj7C
3. In West Virginia, a man shot and killed two brothers who were visiting their newly purchased property next door. The shooter claimed that the brothers had trespassed on his property. Whatever happened to shouting “Get off my land?” if you think that people stepped over the line. I guess that’s for wusses, not gun owners. And by the way, the brothers weren’t trespassing…. more
We all know that the older we get, the more of our money should be kept safe. To achieve that, we gradually lower the percentage of savings we hold in stocks and increase our commitment to bonds. That’s classic, standard investment advice.
But I’m starting to think that’s wrong. Quality bonds and certificates of deposit aren’t paying much these days. The nore we depend on interest-rate investments, the more likely it is that we might run out of money in our older age. It might be safer to gradually hold more money in stocks, rather than less, after we retired.
When I first heard that idea, I said, “Nuts. High risk.” But new research by Michael Kitces, director of research for the Pinnacle Advisory Group in Columbus, Md., changed my mind. It turns out to be a low-risk approach that could make your retirement savings last longer and, potentially, leave more for heirs. I’m now looking at retirement investing in a whole new way. … more
In Colorado Springs, a father shot and killed his 14-year-old stepdaughter, apparently mistaking her for a burglar. I don’t know if there’s more to this story, but police got a report that there was a “burglary in progress.” http://bit.ly/19dHcmy
In North Carolina, a 3-year-old shot another 3-year-old with a .22 rifle. The dad and his girlfriend left the gun in the room where the children were playing. The injured toddler is expected to recover. Police have brought charges against the couple. Good news. http://bit.ly/1c8NJjb
In Mississippi, a pastor posted a “no guns allowed” sign at the church door. A man packed a concealed pistol anyway. It went off, injuring a woman. Fortunately, she wasn’t killed but it shows how unsafe innocent people can be around “manly” pistol packers. The pastor can’t enforce his edict. Concealed carry is legal in the state. http://bit.ly/1bPQoe2
In South Dakoka, a mom tried to take away a loaded revolved from her two-year-old son. The gun fired, hitting her in the leg. Howcome there was a loaded revolver lying around for a toddler to play with? http://bit.ly/1ddrM0D
In Arizona, a 3-year-old shot himself in the face with a loaded pistol his dad had “misplaced.” No safety lock on the gun. The child died. http://bit.ly/199Luv7
Rep. John Boehner is shocked, shocked, that his insurance premiums will rise, now that he he’s out of the government’s health plan and shopping the market for individual policies.
Well, guess what? The premiums you have to pay as an individual have always been higher than those group plans charge for similar coverage. That is, if you could get health insurance at all. Before the Affordable Care Act (Obamacare) took effect, insurance companies could turn you down if you or a family member had even minor health issues. They could drop your policy if you got sick. A 64-year-old heavy smoker like Boehner could easily have been rejected or charged far, far more than he’s paying now.
He seems to have had no idea. He never saw, understood, or cared about what families not in group plans faced before the ACA.
Boehner dropped his excellent government group plan and applied for individual coverage under the ACA because his political party demanded it…. more
What’s a struggling (and angry) investor to do, in the face of a government shutdown and threatened default? An artificial financial crisis (not based on fundamentals) cooked up entirely for political gain.
Prior to the shutdown, the economy was gathering steam — more jobs, higher profits, more homebuilding, low interest rates, low inflation, higher stock prices, and higher business and consumer spending. Now that the GOP is randomly dropping bombs on American businesses, incomes, pre-schools, and transportation systems, growth will slow, along with the jobs and tax revenues that would otherwise have been produced. If Congress actually drives us over a cliff, stocks and the value of the dollar could collapse and interest rates soar. Rates on short-term Treasuries have jumped already, and the dollar is down.
If the debt ceiling isn’t raised, Obama has some flexibility to pay the government’s bills for a very short time. The market might waiver and wait for a couple of days, hoping that the grown-ups will finally take charge. But you never know.
The reigning Tea Party wing of the GOP doesn’t care if the economy sinks. They believe that their base will blame Obama because it happened on his watch. The GOP will then run against the “Democrat recession,” even though the GOP manufactured the downturn out of thin air.
If the GOP comes to its senses, stocks and the dollar will almost certainly spike up. Still, that won’t last if the deal is only temporary. As long as one political faction thinks that the government shutdown is “fun” (as one ignorant Congressman said) and that defaults on Treasury debt don’t matter, investors can’t make decisions with confidence.
At the moment, the best advice is probably to do nothing. You might take a tip from global investors, who clearly believe that the U.S. won’t default. Interest rates are up a hair on 10-year Treasuries but, as of this writing, the market is pretty calm. … more