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Hot off the press, SHTF news!
We’ve reached another news crescendo.
Now, before we begin, know that there are, of course, other points of view to all news reported, but here at SHTFblog, we search only of that which is SHTF worthy. Got doom? Got gloom? Here we go.
The Economy! Recessions come and recessions go. Inflation hits, drives prices up, then the market starts to correct itself and incomes rise to catch pace with inflation and it all equals out in the long run . . . . for some people. During the economic boom of the late 90s, though . . . much of the lower and middle-class incomes did not rise. That’s at least according to a recent article. So, what that means is the lower and middle-class folks are getting smacked even harder with this recession, because incomes never rose to catch pace from the last recession. It’s like a recession x 2! OR . . . . the Great Depression II. *sigh* How depressing (nyuck nyuck nyuck). Read:
“We’re worried about the impact of the downturn on the families whose incomes haven’t recovered from the last recession,” said Jared Bernstein, Economic Policy Institute senior economist and co-author of the report. Wages have not kept up with inflation, families have loaded up on debt and homeowners have seen the value of their largest asset decline, he said. The situation will only get worse during the economic downturn.
Look, even Greenspan said on Tuesday that the U.S. economy is in recession.
Florida Water! I’ve said before that we’re not far away from a time when wars will be fought over precious, precious water. Can’t live without it, homies. In a world of more development, more people, more consumption, and more climate change, something has gotta give. We’ll be seeing more and more news articles like the following:
A small town in Central Florida is considering forcing a 100-gallon-per-person daily limit on water for its residents.
Some residents in Oakland are outraged over the proposed limit on water and said the rapid growth in the area must stop until there is no longer a shortage.
The proposal comes days after Orange County Mayor Rich Crotty said that if the county does not have a 40 percent reduction in water use, the aquifer will not have enough water to sustain the county. Similar to surrounding cities, water bills in Oakland order “no watering on any day between 10 a.m. and 4 p.m. or face a $500 fine.” “If the growth stops today and we don’t build another house, you’re still going to have a water problem,” Commissioner Willie Welch said. “People are going to have to learn to save (water).”
Here is your source.
Gas Prices! Nationwide average price for a gallon of regular unleaded grew more than a penny to another all-time high of $3.343, AAA survey says. Here is the source.
Oh, oil also hit $112 a FREAKIN’ BARRELL!!!!!! Ugh, a link.
Boomer Retirement! With the economy and stock market in the toilet, and the boomer wave about to hit, more people are beginning to worry about retirement. Even amongst people my age. Perhaps they’re beginning to notice the economic rise of other countries and they’re realizing there AIN’T enough to go around. The whole world can’t live the American lifestyle. Something has got to give. Read this recent poll:
Only 18% of workers polled were very confident about saving enough money for a comfortable retirement, according to the Employee Benefit Research Institute’s 2008 Retirement Confidence Survey. That’s the steepest annual decline in the survey’s 18-year history, and down sharply from 27% in the previous year. While confidence levels among all respondents declined, the survey found younger (ages 25-34) and lower income (under $35,000 annually) workers were the most dispirited about their ability to save for a comfortable retirement.
At the same time, nearly half of the retirees polled said their health care costs were higher than they expected and more than half say they are more worried about their financial future now than they were right after entering retirement. Nearly half of all workers have less than $25,000 set aside. And a full 22% of workers and 28% of retirees say they have no savings of any kind.
Your source is, of course, here.
Having fun yet?
You LIAR! – Want to see what the
future present holds for terrorist screening? Introducing the new hand held lie detector. They’re getting issued to troops in Afghanistan and it’s reviving the debate over exactly how accurate these things are.
Let’s end on a preparedness news note, shall we? Florida Guns! – You simply gotta read:
Most Florida residents would be allowed to take guns to work under a measure passed by Florida lawmakers on Wednesday. The bill, allowing workers to keep guns in their cars for self-protection, was approved by the Florida Senate by a vote of 26-13. It now goes to Republican Gov. Charlie Crist to sign into law. Backed by the National Rifle Association and some labor unions, the so-called “take-your-guns-to-work” measure would prohibit business owners from banning guns kept locked in motor vehicles on their private property.
“Take your guns to work” – LOL. Here is your source.
Take it easy, Teotwawki Homies.
– Ranger Man
BTW: in totally unrelated news, it appears celebrity gossip blogger Perez Hilton (real name Mario Lavandeira) of www.perezhilton.com is getting a radio show, television appearances, book deal, and possible movie deal. Lavandeira had 2.8 MILLION unique visitors to his site in February (news source).
Andy Schuon, former head of programming at MTV, MTV2, and VH1 said, “We’re going to prove that the blogosphere is a place where you can find talent.” Ranger Man jumps up and down, yelling, “Hey! Here I am! Over here!”
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