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Groups > alt.folklore.computers > #155734 > unrolled thread

I Feel Old

Started byQuadibloc <jsavard@ecn.ab.ca>
First post2016-01-01 10:49 -0800
Last post2016-01-03 17:11 +0000
Articles 20 on this page of 320 — 37 participants

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Contents

  I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-01 10:49 -0800
    Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-01 13:33 -0600
      Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-01 12:05 -0800
        Re: I Feel Old Mike Spencer <mds@bogus.nodomain.nowhere> - 2016-01-02 04:41 -0400
          Re: I Feel Old "Joe Morris" <j.c.morris@verizon.net> - 2016-01-02 11:50 -0500
            Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-02 17:14 +0000
            Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-02 17:36 -0800
              Re: I Feel Old John Garza <john@127.0.0.1> - 2016-01-03 08:07 -0600
                Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-03 15:06 +0000
                  Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-03 11:05 -0500
                    Re: I Feel Old Huge <Huge@nowhere.much.invalid> - 2016-01-03 17:59 +0000
                    Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-03 18:08 +0000
                  Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-04 06:44 -0500
                    Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-04 12:24 +0000
                Re: I Feel Old Dave Garland <dave.garland@wizinfo.com> - 2016-01-03 09:45 -0600
                  Re: I Feel Old Lon <lon.stowell@comcast.net> - 2016-01-03 13:12 -0700
                    Re: I Feel Old Dan Espen <despen@verizon.net> - 2016-01-03 16:56 -0500
                      Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-03 14:27 -0800
                Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-03 23:53 +0000
                Re: I Feel Old John Garza <john@127.0.0.1> - 2016-01-04 07:42 -0600
                  Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-04 14:32 +0000
                    Re: I Feel Old Huge <Huge@nowhere.much.invalid> - 2016-01-04 16:55 +0000
                  Re: I Feel Old Dan Espen <despen@verizon.net> - 2016-01-04 11:41 -0500
              Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-03 17:37 +0100
              Re: I Feel Old Lon <lon.stowell@comcast.net> - 2016-01-03 13:11 -0700
                Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-04 07:48 -0800
                  Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-04 16:01 +0000
                  Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-04 16:23 +0000
              Re: I Feel Old Mike Spencer <mds@bogus.nodomain.nowhere> - 2016-01-03 17:30 -0400
        Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-04 14:55 -0600
          Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-04 13:15 -0800
            Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-05 14:59 -0600
              Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-05 13:31 -0800
              Re: I Feel Old Jon Elson <elson@pico-systems.com> - 2016-01-05 22:11 -0600
          Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-04 17:07 -0800
        Re: I Feel Old philo <philo@privacy.net> - 2016-01-06 19:21 -0600
    Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-01 21:33 +0000
      Re: I Feel Old mausg@mail.com - 2016-01-01 22:52 +0000
      Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-01 15:57 -0800
        Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-01 20:52 -0800
          Re: I Feel Old Michael Black <et472@ncf.ca> - 2016-01-02 00:45 -0500
          Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-02 06:40 +0000
            Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-02 17:25 -0800
              Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-03 08:18 +0000
              Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-03 07:26 -0500
                Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-04 07:34 -0800
          Re: I Feel Old mausg@mail.com - 2016-01-02 14:27 +0000
            Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-02 17:28 -0800
              Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-02 19:56 -0600
                Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-03 07:26 -0500
                  Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-03 10:00 -0800
                    Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-17 08:48 -0800
                  Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-04 07:44 -0800
                    Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-04 13:42 -0600
                      Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-05 11:15 -0800
                        Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-06 11:27 -0600
                          Re: I Feel Old "Osmium" <r124c4u102@comcast.net> - 2016-01-06 12:02 -0600
                            Re: I Feel Old scott@slp53.sl.home (Scott Lurndal) - 2016-01-06 18:52 +0000
                            Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-06 18:06 -0600
                              Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-07 12:04 -0500
                              Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-07 09:22 -0800
                                Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-13 15:55 -0600
                              Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-07 09:36 -0800
                                Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-07 17:47 +0000
                                  Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-07 18:47 -0600
                                Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-07 19:23 -0600
                                  Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-08 10:58 +0100
                                    Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-08 06:37 -0500
                                      Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-08 15:53 +0100
                                        Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-08 11:26 -0600
                                          Re: I Feel Old "879" <879@nospam.com> - 2016-01-09 09:53 +1100
                                            Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-09 11:24 +0100
                                              Re: I Feel Old "879" <879@nospam.com> - 2016-01-10 06:06 +1100
                                        Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-08 10:13 -0800
                                      Re: I Feel Old Huge <Huge@nowhere.much.invalid> - 2016-01-08 17:42 +0000
                                        Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-09 07:30 -0500
                                          Re: I Feel Old "Osmium" <r124c4u102@comcast.net> - 2016-01-09 07:07 -0600
                                            Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-09 11:55 -0800
                                            Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-09 15:40 -0600
                                          Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-10 06:13 +1100
                                            Re: I Feel Old Jon Elson <elson@pico-systems.com> - 2016-01-09 13:36 -0600
                                              Re: I Feel Old Dave Garland <dave.garland@wizinfo.com> - 2016-01-09 15:30 -0600
                                    Re: I Feel Old Dan Espen <despen@verizon.net> - 2016-01-08 10:43 -0500
                                      Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-08 10:33 -0600
                                        Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-08 10:46 -0800
                                    Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-08 10:59 -0600
                                      Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-08 10:44 -0800
                                        Re: I Feel Old Huge <Huge@nowhere.much.invalid> - 2016-01-08 22:53 +0000
                                          Re: I Feel Old "879" <879@nospam.com> - 2016-01-09 12:53 +1100
                                            Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-09 11:29 +0100
                                          Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-09 11:26 +0100
                                        Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-12 16:22 -0600
                                          Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-13 10:03 +1100
                                          Re: I Feel Old "Osmium" <r124c4u102@comcast.net> - 2016-01-12 21:01 -0600
                                            Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-13 14:22 +1100
                                          Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-13 10:14 -0800
                                            Re: I Feel Old mausg@mail.com - 2016-01-13 18:51 +0000
                                              Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-14 07:02 +1100
                                            Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-13 13:06 -0600
                                      Re: I Feel Old "879" <879@nospam.com> - 2016-01-09 09:51 +1100
                                    Re: I Feel Old "879" <879@nospam.com> - 2016-01-09 06:01 +1100
                                    Re: I Feel Old Dave Garland <dave.garland@wizinfo.com> - 2016-01-08 13:21 -0600
                                      Re: I Feel Old scott@slp53.sl.home (Scott Lurndal) - 2016-01-08 20:58 +0000
                                        Re: I Feel Old "Jack Myers" <jmyers@n6wuz.net> - 2016-01-08 20:36 -0800
                                          Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-09 11:31 +0100
                                          Re: I Feel Old Lawrence Statton <lawrence@senguio.mx> - 2016-01-09 18:33 -0600
                                        Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-09 07:30 -0500
                                          Re: I Feel Old mausg@mail.com - 2016-01-09 12:59 +0000
                                            Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-09 15:31 -0600
                                              Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-09 17:22 -0500
                                                Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-09 17:07 -0800
                                              Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-10 11:25 -0800
                                                Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-11 17:08 -0600
                                                  Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-12 07:43 -0800
                                                    Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-12 08:44 -0800
                                                      Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-12 09:52 -0800
                                                        Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-12 12:28 -0600
                                                          Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-12 10:58 -0800
                                                            Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-12 14:49 -0600
                                                              Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-12 13:57 -0800
                                                                Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-12 18:19 -0500
                                                                Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-12 17:37 -0800
                                                    Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-12 18:46 -0800
                                  Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-08 16:08 +0000
                                    Re: I Feel Old Lawrence Statton <lawrence@senguio.mx> - 2016-01-09 18:38 -0600
                                      Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-09 21:43 -0600
                                        Re: I Feel Old "Osmium" <r124c4u102@comcast.net> - 2016-01-09 22:56 -0600
                                          Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-11 23:49 -0600
                                            Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-12 07:46 -0800
                                            Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-12 11:28 -0500
                                              Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-12 14:58 -0600
                                                Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-12 14:01 -0800
                                                  Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-12 16:42 -0600
                                                Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-12 22:07 +0000
                                  Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-08 10:36 -0800
                                    Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-09 05:04 -0500
                                      Re: I Feel Old scott@slp53.sl.home (Scott Lurndal) - 2016-01-11 14:48 +0000
                                        Re: I Feel Old Bob Eager <news0006@eager.cx> - 2016-01-11 17:28 +0000
                                        Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-11 19:01 -0500
                                    Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-09 07:30 -0500
                                    Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-09 16:59 -0600
                              Re: I Feel Old "Osmium" <r124c4u102@comcast.net> - 2016-01-07 13:13 -0600
                                Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-07 18:55 -0600
                                  Re: I Feel Old Huge <Huge@nowhere.much.invalid> - 2016-01-08 17:40 +0000
                                    Re: I Feel Old mausg@mail.com - 2016-01-08 23:20 +0000
                Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-04 07:29 -0800
                  Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-04 18:30 +0100
                    Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-04 10:59 -0800
                      Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-04 19:48 -0600
                        Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-05 06:27 -0800
                          Re: I Feel Old mausg@mail.com - 2016-01-05 16:26 +0000
                          Re: I Feel Old Dave Garland <dave.garland@wizinfo.com> - 2016-01-05 12:27 -0600
                            Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-05 11:08 -0800
                    Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-04 13:14 -0600
                      Re: I Feel Old "Osmium" <r124c4u102@comcast.net> - 2016-01-04 14:43 -0600
                        Re: I Feel Old Huge <Huge@nowhere.much.invalid> - 2016-01-04 22:38 +0000
                        Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-12 17:47 -0600
                          Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-13 01:27 +0100
                            Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-13 11:18 -0600
                              Re: I Feel Old Lawrence Statton <lawrence@senguio.mx> - 2016-01-13 19:05 -0600
                                Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-13 20:22 -0600
                                  Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-14 14:09 -0600
                                    Re: I Feel Old jmfbahciv <See.above@aol.com> - 2016-01-15 14:51 +0000
                                      Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-15 09:48 -0600
                                        Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-15 17:26 +0100
                                          Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-15 13:19 -0600
                                      Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-15 09:20 -0800
                                      Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-15 17:44 +0000
                                        Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-15 12:57 -0600
                                          Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-19 12:42 -0800
                                            Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-19 15:27 -0600
                                        Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-15 19:15 +0100
                                          Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-15 13:44 -0600
                                            Re: I Feel Old "Osmium" <r124c4u102@comcast.net> - 2016-01-15 15:02 -0600
                                              Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-16 08:58 +1100
                                              Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-15 23:51 +0100
                                                Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-17 16:01 -0600
                                              Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-15 17:11 -0600
                                              Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-16 08:03 -0500
                                                Re: I Feel Old "Osmium" <r124c4u102@comcast.net> - 2016-01-16 08:29 -0600
                                                  Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-17 03:38 +1100
                                                  Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-16 15:32 -0500
                                                    Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-16 16:59 -0600
                                                  Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-16 16:45 -0600
                                                    Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-17 02:11 +0000
                                                      Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-17 14:02 +1100
                                                        Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-17 14:22 +0000
                                                          Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-18 05:09 +1100
                                                          Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-17 15:00 -0600
                                                            Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-18 03:59 +0000
                                                  Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-16 16:15 +0100
                                                    Re: I Feel Old mausg@mail.com - 2016-01-17 11:39 +0000
                                                      Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-18 04:41 +1100
                                                Re: I Feel Old mausg@mail.com - 2016-01-16 16:33 +0000
                                                  Re: I Feel Old "Osmium" <r124c4u102@comcast.net> - 2016-01-16 11:19 -0600
                                                    Re: I Feel Old mausg@mail.com - 2016-01-16 18:36 +0000
                                                    Re: I Feel Old Michael Black <et472@ncf.ca> - 2016-01-16 17:23 -0500
                                                  Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-16 13:01 -0500
                                                    Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-16 20:55 +0000
                                                      Re: I Feel Old Gene Wirchenko <genew@telus.net> - 2016-01-16 14:53 -0800
                                                        Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-17 05:43 +0000
                                                      Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-16 19:50 -0500
                                                      Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-17 09:22 -0500
                                                        Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-17 14:33 +0000
                                                          Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-17 15:19 +0000
                                                            Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-17 19:27 +0000
                                                        Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-17 15:00 +0000
                                                  Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-16 15:32 -0500
                                                    Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-16 22:49 -0600
                                                      Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-17 16:12 +1100
                                                    Re: I Feel Old mausg@mail.com - 2016-01-17 11:32 +0000
                                                      Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-17 12:06 +0000
                                                        Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-17 09:22 -0500
                                                          Re: I Feel Old Dan Espen <despen@verizon.net> - 2016-01-17 10:05 -0500
                                                      Re: I Feel Old jmfbahciv <See.above@aol.com> - 2016-01-17 15:26 +0000
                                                        Re: I Feel Old "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-18 05:14 +1100
                                                  Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-17 15:38 -0600
                                          Re: I Feel Old jmfbahciv <See.above@aol.com> - 2016-01-16 14:09 +0000
                                            Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-16 15:19 +0100
                                        Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-15 19:29 +0000
                                          Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-15 14:25 -0800
                                Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-14 13:46 +1100
                                Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-14 05:17 +0100
                                Re: I Feel Old Dave Garland <dave.garland@wizinfo.com> - 2016-01-14 13:11 -0600
                      Re: I Feel Old Huge <Huge@nowhere.much.invalid> - 2016-01-04 22:37 +0000
                        Re: I Feel Old Mike Spencer <mds@bogus.nodomain.nowhere> - 2016-01-05 04:44 -0400
                          Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-05 18:46 +0000
                        Re: I Feel Old mausg@mail.com - 2016-01-05 11:06 +0000
                          Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-05 18:46 +0000
                  Re: I Feel Old Stephen Sprunk <stephen@sprunk.org> - 2016-01-04 17:04 -0600
                  Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-04 17:36 -0800
        Re: I Feel Old jmfbahciv <See.above@aol.com> - 2016-01-02 15:01 +0000
          Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-02 15:58 +0000
            Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-04 06:40 -0500
              Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-04 12:31 +0000
                Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-04 22:06 -0500
          Re: I Feel Old "Rod Speed" <rod.speed.aaa@gmail.com> - 2016-01-03 07:09 +1100
        Re: I Feel Old Uncle Steve <stevet810@gmail.com> - 2016-01-03 12:11 -0500
          Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-03 20:42 -0800
            Re: I Feel Old "jack" <jkl8976@nospam.com> - 2016-01-04 16:43 +1100
            Re: I Feel Old Uncle Steve <stevet810@gmail.com> - 2016-01-05 22:05 -0500
          Re: I Feel Old Morten Reistad <first@last.name.invalid> - 2016-01-04 18:21 +0100
            Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-04 17:47 +0000
            Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-04 16:10 -0500
              Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-04 13:26 -0800
                Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-04 21:57 -0500
            Re: I Feel Old Uncle Steve <stevet810@gmail.com> - 2016-01-06 19:46 -0500
              Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-07 12:04 -0500
                Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-07 17:36 +0000
                Re: I Feel Old Dave Garland <dave.garland@wizinfo.com> - 2016-01-07 13:43 -0600
                  Re: I Feel Old "879" <879@nospam.com> - 2016-01-08 15:35 +1100
                    Re: I Feel Old Dave Garland <dave.garland@wizinfo.com> - 2016-01-08 00:15 -0600
                      Re: I Feel Old "879" <879@nospam.com> - 2016-01-08 19:41 +1100
                Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-07 12:44 -0800
                  Re: I Feel Old mausg@mail.com - 2016-01-07 21:32 +0000
        Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-05 14:51 -0600
          Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-05 12:59 -0800
            Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-05 22:17 +0000
              Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-08 14:35 -0600
          Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-05 22:17 +0000
            Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-05 19:24 -0500
              Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-05 17:31 -0800
                Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-06 07:38 +0000
                  Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-06 06:50 -0500
                    Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-06 13:26 +0000
                      Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-06 05:49 -0800
                        Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-06 14:32 +0000
                          Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-06 07:13 -0800
                            Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-06 16:08 +0000
                            Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-08 14:39 -0600
                          Re: I Feel Old Lawrence Statton <lawrence@senguio.mx> - 2016-01-06 09:14 -0600
                          Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-06 10:22 -0500
                          Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-15 17:45 -0600
                        Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-06 18:42 -0500
                      Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-06 14:20 +0000
                        Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-06 14:34 +0000
                          Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-06 19:52 +0000
                            Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-06 12:35 -0800
                            Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-06 20:54 +0000
                        Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-06 18:44 -0500
                          Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-06 23:48 +0000
                            Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-06 19:38 -0500
                              Re: I Feel Old Andrew Swallow <am.swallow@btinternet.com> - 2016-01-07 07:46 +0000
                                Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-07 06:44 -0500
                                  Re: I Feel Old Gene Wirchenko <genew@telus.net> - 2016-01-09 21:47 -0800
                                    Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-10 05:45 -0500
                                  Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-10 12:18 +0000
                                    Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-10 08:12 -0500
                                      Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-10 13:40 +0000
                              Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-07 12:04 -0500
                            Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-07 08:15 +0000
                  Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-06 05:48 -0800
                Re: I Feel Old Dan Espen <despen@verizon.net> - 2016-01-06 11:29 -0500
                Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-06 10:20 -0800
              Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-05 20:52 -0500
                Re: I Feel Old Peter Flass <peter_flass@yahoo.com> - 2016-01-06 06:54 -0500
                  Re: I Feel Old Dan Espen <despen@verizon.net> - 2016-01-06 11:34 -0500
                    Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-06 18:40 -0500
                  Re: I Feel Old "J. Clarke" <j.clarke.873638@gmail.com> - 2016-01-06 18:39 -0500
                Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-06 10:22 -0800
                Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-15 17:43 -0600
                  Re: I Feel Old JimP <solosam90@gmail.com> - 2016-01-18 20:13 -0600
            Re: I Feel Old Dan Espen <despen@verizon.net> - 2016-01-06 11:26 -0500
            Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-08 14:37 -0600
              Re: I Feel Old mausg@mail.com - 2016-01-08 23:25 +0000
      Re: I Feel Old Freddy1 <something@something.com> - 2016-01-02 21:35 -0500
        Re: I Feel Old Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-01-03 05:34 +0000
        Re: I Feel Old Ahem A Rivet's Shot <steveo@eircom.net> - 2016-01-03 08:33 +0000
          Re: I Feel Old Freddy1 <something@something.com> - 2016-01-03 15:17 -0500
          Re: I Feel Old Gene Wirchenko <genew@telus.net> - 2016-01-03 20:52 -0800
            Re: I Feel Old Quadibloc <jsavard@ecn.ab.ca> - 2016-01-04 05:09 -0800
              Re: I Feel Old "Charles Richmond" <numerist@aquaporin4.com> - 2016-01-05 14:57 -0600
    Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-01 20:46 -0800
      Re: I Feel Old Bob Martin <bob.martin@excite.com> - 2016-01-02 07:00 +0000
        Re: I Feel Old Louis Krupp <lkrupp@nospam.pssw.com.invalid> - 2016-01-02 01:44 -0700
        Re: I Feel Old hancock4@bbs.cpcn.com - 2016-01-02 13:46 -0800
      Re: I Feel Old Anne & Lynn Wheeler <lynn@garlic.com> - 2016-01-02 09:11 -0800
    Re: I Feel Old Jon Elson <elson@pico-systems.com> - 2016-01-02 11:49 -0600
    Re: I Feel Old John Garza <john@127.0.0.1> - 2016-01-03 08:14 -0600
      Re: I Feel Old mausg@mail.com - 2016-01-03 17:11 +0000

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#155760

FromMichael Black <et472@ncf.ca>
Date2016-01-02 00:45 -0500
Message-ID<alpine.LNX.2.02.1601020028440.5681@darkstar.example.org>
In reply to#155759
On Fri, 1 Jan 2016, hancock4@bbs.cpcn.com wrote:

> On Friday, January 1, 2016 at 6:57:44 PM UTC-5, Quadibloc wrote:
>
>> So maybe 35 years from now, computers will only be a "little" better than they
>> are today (that will still be a significant improvement, just not as much as
>> further exponential growth would indicate)... but that CISPR stuff might lead
>> to cures for nearly all genetic diseases, and basically eternal youth through
>> rebuilding telomeres...
>> One way or another, the future will be exciting.
>
> Sorry, but I am not optimistic about the future because the political
> system seems to have failed.  Young people coming out of school today
> will have it much harder than our generation.  Our generation will face
> unaffordable health care costs while our pensions are stolen from us.
>
>
Then it's up to the young to fix things.

I've seen posts by them where they act like they are the fixers, 
forgetting that a lot of stuff happened fifty years ago that meant the 
younger generation didn't have to fix those things.  A skewed article 
saying that the younger generation is the ones behind the rise of 
bicycles, except I remember when a friend and I had a petition to get a 
bike path in 1970, the same year as "Earth Day", and others pursued the 
matter for a long time, and we've had bike paths here for 25 years.  The 
kids don't even realize some of the fuss over bike paths, and instead of 
demanding their right to the road, want more and more bike paths, so they 
can go anywhere.  The result is bike paths that aren't in the right place, 
or aren't safe, but they get their bike paths.

Yes, there seems to be problems with getting jobs, I'm not fully sure why 
that happened, but until it's actually looked into, it's harder to find 
results.  But I see "the young" dismissing old media and things like CDs 
and books and magazines (unless they are in "e-form"), yet not grasping 
that when the local "record stores" disappear, there goes the place where 
someone into music could get a day job that was somewhat related to their 
real interest.  Maybe they shouldn't have been so fast to accept the new, 
to dismiss the old.  Even if mp3s were better than CDs, there's always 
fallout when change happens.  I see the same kids expecting to be able to 
make money off the internet, having dismissed the old, yet then try to 
recreate the old only online.  They don't grasp that their generation let 
commerce and old media onto the internet (figuratively that is), when 
maybe it would have been better if the internet was in parallel with the 
outside world, a 'subversive" place rather than a handmaiden to commerce 
and old media.  They want to make their money, but can't grasp that taking 
barcode readers to used book sales isn't the same thing as knowing books. 
20 years ago, some were concerned with getting some income to pay for 
their websites, now, there are a handful of places that make money from 
advertising on the internet, and let a tiny bit trickle down to the 
creators of content.  Everything is "free", but someone is paying for 
it. The young think that after old media collapses, one 
should be able to recreate that, except online so distribution costs are 
down.  But not only is the money not there, but nobody is analyzing what 
it was about old media that was successful, and why it may generally fail 
on the internet.

I see a recreation of the sixties, a lesser mass than the baby boomers but 
the same group mind.  The internet used to be about talking to people you 
didn't know, now it's about keeping in contact with people you already 
know.  So it becomes a much more monotone world, no clashing ideas but a 
reinforcement. The internet gives them the group mind, when the mass of 
the sixties gave it back then.  But the internet isn't really changing 
things that need changing, it's changing things because it can.  Things 
dont' change because there's a large mass, it changes because new ideas 
come along.

The kids just follow, it was the older people who defined things (or tried 
to) because they lived in a world without the internet, while the kids 
have had it "always".

   Michael

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#155761

FromAhem A Rivet's Shot <steveo@eircom.net>
Date2016-01-02 06:40 +0000
Message-ID<20160102064040.d85ae05fbd957f749b1aca4f@eircom.net>
In reply to#155759
On Fri, 1 Jan 2016 20:52:33 -0800 (PST)
hancock4@bbs.cpcn.com wrote:

> On Friday, January 1, 2016 at 6:57:44 PM UTC-5, Quadibloc wrote:
> 
> > So maybe 35 years from now, computers will only be a "little" better
> > than they are today (that will still be a significant improvement, just
> > not as much as further exponential growth would indicate)... but that
> > CISPR stuff might lead to cures for nearly all genetic diseases, and
> > basically eternal youth through rebuilding telomeres...
> > One way or another, the future will be exciting.
> 
> Sorry, but I am not optimistic about the future because the political
> system seems to have failed.  Young people coming out of school today
> will have it much harder than our generation.  Our generation will face
> unaffordable health care costs while our pensions are stolen from us.

	The good old days weren't so good, there was a "youth unemployment
crisis" when I left school - partly caused by the baby booms and partly by
economic shifts. The economy of the country I grew up in was widely claimed
to be collapsing (20% inflation, three day week, collapse of heavy
manufacturing, collapse of mining, regular widespread strikes ...) while I
was at school - it hasn't collapsed, it is a faint shadow of what it was
when my parents were young and it included an empire but since then it has
boomed and busted a few times.

	I have seen sentiments similar to yours expressed about the 1950s
and how much better off kids were at the turn of the century. I suspect
similar sentiments have been aired in every generation.

	My kids are coming out of school soon, and the kids I know who've
come out of school in recent years don't seem to be having a harder time of
it than the kids who came out of school when I did. Heck at least they're
not half expecting to be blown to plasma on short notice like we were.

	AFAICT the world just keeps on getting to be a better place to live
in.

-- 
Steve O'Hara-Smith                          |   Directable Mirror Arrays
C:>WIN                                      | A better way to focus the sun
The computer obeys and wins.                |    licences available see
You lose and Bill collects.                 |    http://www.sohara.org/

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#155788

Fromhancock4@bbs.cpcn.com
Date2016-01-02 17:25 -0800
Message-ID<659eae3f-2cac-499d-b6f1-8072f433f72e@googlegroups.com>
In reply to#155761
On Saturday, January 2, 2016 at 2:00:06 AM UTC-5, Ahem A Rivet's Shot wrote:

> 	The good old days weren't so good, there was a "youth unemployment
> crisis" when I left school - partly caused by the baby booms and partly by
> economic shifts. The economy of the country I grew up in was widely claimed
> to be collapsing (20% inflation, three day week, collapse of heavy
> manufacturing, collapse of mining, regular widespread strikes ...) while I
> was at school - it hasn't collapsed, it is a faint shadow of what it was
> when my parents were young and it included an empire but since then it has
> boomed and busted a few times.


All I can say is that when my generation graduated, there was a 
recession, but there were still jobs available.  Corporations had
management training programs for even liberal arts majors.  There 
was high demand for DP people.

IMHO, today, starting salaries have not kept up with inflation,
and benefits have been sharply reduced, effectivly reducing
compensation.  People have to buy their own very expensive health
care, for example, previously, the company provided it.

Back then, while there was some 'rust' in the rust-belt, the old
industrial companies were still functioning; the massive layoffs
would come later.  Today, young people in the rust belt probably
will have to move, at considerable cost, to a better economic area.



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#155803

FromAhem A Rivet's Shot <steveo@eircom.net>
Date2016-01-03 08:18 +0000
Message-ID<20160103081858.a60a632a2b1649b868a31659@eircom.net>
In reply to#155788
On Sat, 2 Jan 2016 17:25:09 -0800 (PST)
hancock4@bbs.cpcn.com wrote:

> On Saturday, January 2, 2016 at 2:00:06 AM UTC-5, Ahem A Rivet's Shot
> wrote:
> 
> > 	The good old days weren't so good, there was a "youth
> > unemployment crisis" when I left school - partly caused by the baby
> > booms and partly by economic shifts. The economy of the country I grew
> > up in was widely claimed to be collapsing (20% inflation, three day
> > week, collapse of heavy manufacturing, collapse of mining, regular
> > widespread strikes ...) while I was at school - it hasn't collapsed, it
> > is a faint shadow of what it was when my parents were young and it
> > included an empire but since then it has boomed and busted a few times.
> 
> 
> All I can say is that when my generation graduated, there was a 
> recession, but there were still jobs available.  Corporations had
> management training programs for even liberal arts majors.  There 
> was high demand for DP people.

	When my generation graduated (circa 1980) there was certainly a
high demand for DP people, but that was mostly driven by a lack of
skilled people for a field that had just started rapid growth. The
corresponding skills today are biotech skills. Other areas were in severe
decline and people having difficulty finding jobs in other engineering
roles were retraining as fast as they could (or bluffing their way in).

	Looking at a historical graph of UK unemployment figures is
insrtuctive - the figures only go back to around 1970. Up to 1980 it is
below 6%, from 1980 to 1984 there is a sharp rise to around 12%, with a dip
around 1990, followed by a rise to just over 11% in 1992, a steady decline
to 2008 (back to 1970s figures), a jump to around 8% around 2010 and
finally a drop to just under 6%.

	Certainly for the UK the contention that employment prospects are
significantly worse now than at the start of my career (~1980) does not
hold water - employment prospects in general seem to be better than they
were then. Of course this shows nothing about renumeration, but I don't
hear stories of people starving in the UK.

	Ah a little digging finds a graph of wages from around 2000 to now,
it's one of the best straight lines I have ever seen from real data. It
dips a little in the last five years - the inflation graph also drops in
the same period.

> IMHO, today, starting salaries have not kept up with inflation,
> and benefits have been sharply reduced, effectivly reducing
> compensation.  People have to buy their own very expensive health
> care, for example, previously, the company provided it.

	That last a very US specific problem - it does not apply elsewhere.
Many countries have single payer health systems where this is irrelevant,
others (such as here) have reasonably priced health insurance which is
often provided by the employer. I see no fall off in other benefits being
offered either, certainly my own have not been reduced.

> Back then, while there was some 'rust' in the rust-belt, the old
> industrial companies were still functioning; the massive layoffs
> would come later.  Today, young people in the rust belt probably
> will have to move, at considerable cost, to a better economic area.

	This happened in the 1960s and 1970s in the UK - the solutions
involved either moving around or the rise of new businesses of different
types, there was high unemployment and a lot of union action in that
period and there were doomsayers then. It got better.

-- 
Steve O'Hara-Smith                          |   Directable Mirror Arrays
C:>WIN                                      | A better way to focus the sun
The computer obeys and wins.                |    licences available see
You lose and Bill collects.                 |    http://www.sohara.org/

[toc] | [prev] | [next] | [standalone]


#155805

FromPeter Flass <peter_flass@yahoo.com>
Date2016-01-03 07:26 -0500
Message-ID<1065039170.473515116.630825.peter_flass-yahoo.com@news.eternal-september.org>
In reply to#155788
<hancock4@bbs.cpcn.com> wrote:
> On Saturday, January 2, 2016 at 2:00:06 AM UTC-5, Ahem A Rivet's Shot wrote:
> 
>> The good old days weren't so good, there was a "youth unemployment
>> crisis" when I left school - partly caused by the baby booms and partly by
>> economic shifts. The economy of the country I grew up in was widely claimed
>> to be collapsing (20% inflation, three day week, collapse of heavy
>> manufacturing, collapse of mining, regular widespread strikes ...) while I
>> was at school - it hasn't collapsed, it is a faint shadow of what it was
>> when my parents were young and it included an empire but since then it has
>> boomed and busted a few times.
> 
> 
> All I can say is that when my generation graduated, there was a 
> recession, but there were still jobs available.  Corporations had
> management training programs for even liberal arts majors.  There 
> was high demand for DP people.
> 
> IMHO, today, starting salaries have not kept up with inflation,
> and benefits have been sharply reduced, effectivly reducing
> compensation.  People have to buy their own very expensive health
> care, for example, previously, the company provided it.
> 
> Back then, while there was some 'rust' in the rust-belt, the old
> industrial companies were still functioning; the massive layoffs
> would come later.  Today, young people in the rust belt probably
> will have to move, at considerable cost, to a better economic area.
> 

Luckily most of the moves happen when the person graduates from college,
and all their belongings will fit in the back seat of their car. Many
people might also start out somewhere and move a few years later, when it's
still relatively painless.  It gets a lot harder when you get married and
both husband and wife have jobs, you have kids in school and other roots in
the community.

I don't have anything other than a hunch on this, but the Great Recession
seems  to have shown that people will do almost anything to avoid moving at
this stage of their lives, taking two or three part-time jobs for which
they're over-qualified, for example, or becoming willing to accept
handouts.

-- 
Pete

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#155879

Fromhancock4@bbs.cpcn.com
Date2016-01-04 07:34 -0800
Message-ID<8d488582-b804-4842-8cf2-70e826d7106e@googlegroups.com>
In reply to#155805
On Sunday, January 3, 2016 at 7:26:56 AM UTC-5, Peter Flass wrote:

> Luckily most of the moves happen when the person graduates from college,
> and all their belongings will fit in the back seat of their car. Many
> people might also start out somewhere and move a few years later, when it's
> still relatively painless.  It gets a lot harder when you get married and
> both husband and wife have jobs, you have kids in school and other roots in
> the community.
> 
> I don't have anything other than a hunch on this, but the Great Recession
> seems  to have shown that people will do almost anything to avoid moving at
> this stage of their lives, taking two or three part-time jobs for which
> they're over-qualified, for example, or becoming willing to accept
> handouts.

I've seen lots of families with roots forced to move due to major
closures and nothing else on the horizon in the area.  This has been
covered in the news.  Some rust belt areas (and some 'good' areas)
got hit hard by corporate consolidations and even part-time jobs are
scarce because of high unemployment and very low economic activity.
Hurting those people is that when they sell their house, they get a
pittance for it, and are thus in a weaker position in the new
community.

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#155766

Frommausg@mail.com
Date2016-01-02 14:27 +0000
Message-ID<slrnn8fnho.1vp.mausg@smaus.org>
In reply to#155759
On 2016-01-02, hancock4@bbs.cpcn.com <hancock4@bbs.cpcn.com> wrote:
> On Friday, January 1, 2016 at 6:57:44 PM UTC-5, Quadibloc wrote:
>
>> So maybe 35 years from now, computers will only be a "little" better than they 
>> are today (that will still be a significant improvement, just not as much as 
>> further exponential growth would indicate)... but that CISPR stuff might lead 
>> to cures for nearly all genetic diseases, and basically eternal youth through 
>> rebuilding telomeres...
>> One way or another, the future will be exciting.
>
> Sorry, but I am not optimistic about the future because the political
> system seems to have failed.  Young people coming out of school today
> will have it much harder than our generation.  Our generation will face
> unaffordable health care costs while our pensions are stolen from us.
>
>

There is a pot of propoganda from the pension industry re: more old folk,
less young folk. I think that is incorrect, when I semi-retired some years 
ago, younger people working in my area were getting paid a lot more than I was
in, say, 1973. Its hard to calculate how much, varying property values, etc.
The falling relative earnings for the lesswell paid are a problem.
I got a letter from one pension crowd before Christmas, with a example of 
what a pension fund, reinvested now, would be worth in twenty years time. 
I nearly died laughing. I suggest that anyone talking about extended life,
 visit a retirement home now. 


-- 
greymaus
 .
  .
...

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#155789

Fromhancock4@bbs.cpcn.com
Date2016-01-02 17:28 -0800
Message-ID<e4d0760e-aa04-40a6-961f-3d54904f2cff@googlegroups.com>
In reply to#155766
On Saturday, January 2, 2016 at 9:27:08 AM UTC-5, ma...@mail.com wrote:

> There is a pot of propoganda from the pension industry re: more old folk,
> less young folk. I think that is incorrect, when I semi-retired some years 
> ago, younger people working in my area were getting paid a lot more than I was
> in, say, 1973. Its hard to calculate how much, varying property values, etc.
> The falling relative earnings for the lesswell paid are a problem.
> I got a letter from one pension crowd before Christmas, with a example of 
> what a pension fund, reinvested now, would be worth in twenty years time. 
> I nearly died laughing. I suggest that anyone talking about extended life,
>  visit a retirement home now. 

Most companies in the U.S. have eliminated or sharply reduced 
their traditional pension plans.  Many workers approaching retirement
have discovered they won't have income and have to keep working.

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#155792

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-02 19:56 -0600
Message-ID<n69v01$p4i$1@dont-email.me>
In reply to#155789
On 02-Jan-16 19:28, hancock4@bbs.cpcn.com wrote:
> ma...@mail.com wrote:
>> There is a pot of propoganda from the pension industry re: more
>> old folk, less young folk. ... I got a letter from one pension
>> crowd before Christmas, with a example of what a pension fund,
>> reinvested now, would be worth in twenty years time. I nearly died
>> laughing. I suggest that anyone talking about extended life, visit
>> a retirement home now.
> 
> Most companies in the U.S. have eliminated or sharply reduced their
> traditional pension plans.

Most US companies that had pension plans went bankrupt long ago, often
in large part due to those very pension plans because they were either
underfunded or the target of corporate raiders.

Most of the few remaining ones offer pensions only to union employees or
those over a certain age; younger or non-union employees have only a
401(k) or similar plan available.

Newer companies, in particular those in the services and information
sectors that have all but replaced the manufacturing sector over the
last few decades, never had pension plans at all.

> Many workers approaching retirement have discovered they won't have
> income and have to keep working.

That's not uncommon.  Most people don't plan ahead, so by the time they
realize there's a problem, it's too late to do anything about it.  That
was part of the point of Social Security.

OTOH, public sector workers can retire after 20-30 years and then live
off the taxpayers' largesse for another 40+ years.  Ditto for many union
workers, at least until it bankrupts their former employer.

S

-- 
Stephen Sprunk         "God does not play dice."  --Albert Einstein
CCIE #3723         "God is an inveterate gambler, and He throws the
K5SSS        dice at every possible opportunity." --Stephen Hawking

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#155806

FromPeter Flass <peter_flass@yahoo.com>
Date2016-01-03 07:26 -0500
Message-ID<1591228429.473515575.144139.peter_flass-yahoo.com@news.eternal-september.org>
In reply to#155792
Stephen Sprunk <stephen@sprunk.org> wrote:
> On 02-Jan-16 19:28, hancock4@bbs.cpcn.com wrote:
>> ma...@mail.com wrote:
>>> There is a pot of propoganda from the pension industry re: more
>>> old folk, less young folk. ... I got a letter from one pension
>>> crowd before Christmas, with a example of what a pension fund,
>>> reinvested now, would be worth in twenty years time. I nearly died
>>> laughing. I suggest that anyone talking about extended life, visit
>>> a retirement home now.
>> 
>> Most companies in the U.S. have eliminated or sharply reduced their
>> traditional pension plans.
> 
> Most US companies that had pension plans went bankrupt long ago, often
> in large part due to those very pension plans because they were either
> underfunded or the target of corporate raiders.
> 
> Most of the few remaining ones offer pensions only to union employees or
> those over a certain age; younger or non-union employees have only a
> 401(k) or similar plan available.
> 
> Newer companies, in particular those in the services and information
> sectors that have all but replaced the manufacturing sector over the
> last few decades, never had pension plans at all.
> 
>> Many workers approaching retirement have discovered they won't have
>> income and have to keep working.
> 
> That's not uncommon.  Most people don't plan ahead, so by the time they
> realize there's a problem, it's too late to do anything about it.  That
> was part of the point of Social Security.
> 
> OTOH, public sector workers can retire after 20-30 years and then live
> off the taxpayers' largesse for another 40+ years.  

Going after those jobs also requires forethought.  They tend to pay less
than the private sector and don't offer stock options. You have to include
the value of the pension in your calculations when deciding to take the
job.

Here in the (NY) Capital District the two major employers used to be state
government and a company I'll call Generous Electric; from my recollection
the benefits used to be equivalent: health care, pension, job security,
etc.  Over the years GE has had numerous layoffs and I believe have reduced
benefits.  The State has stayed about the same, with a few minor layoffs
here and there.  In my case they changed what had been a contributory
pension plan to non-contributory, although other "tiers" (based on
employment date) got worse.  Rather than a layoff the State tends to shed
employees by giving old-timers some time credited toward their retirement
if they leave right away.

Ditto for many union
> workers, at least until it bankrupts their former employer.
> 
> S
> 



-- 
Pete

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#155828

FromAnne & Lynn Wheeler <lynn@garlic.com>
Date2016-01-03 10:00 -0800
Message-ID<87twmuh7bh.fsf@garlic.com>
In reply to#155806
Peter Flass <peter_flass@yahoo.com> writes:
> Here in the (NY) Capital District the two major employers used to be state
> government and a company I'll call Generous Electric; from my recollection
> the benefits used to be equivalent: health care, pension, job security,
> etc.  Over the years GE has had numerous layoffs and I believe have reduced
> benefits.  The State has stayed about the same, with a few minor layoffs
> here and there.  In my case they changed what had been a contributory
> pension plan to non-contributory, although other "tiers" (based on
> employment date) got worse.  Rather than a layoff the State tends to shed
> employees by giving old-timers some time credited toward their retirement
> if they leave right away.

piece of recent "IBM Retirees" discussion on facebook ... GE basically
depreciating its traditional manufacturing ... and all growth was in
financial services ... which was largely computerized and required much
fewer employees (per dollar earned):

Welch pushes GE Capital into one of the major institutions responsible
for the financial mess ... and the growth in GE's bottom line.. "Age
of Greed: The Triumph of Finance and the Decline of America, 1970 to
the Present", pg200/loc3925-30:

The CNNMoney writers got it slightly wrong. GE was not exactly like
the American economy. It was even more dependent on financial
services. In the early 2000s, GE was again riding a financial wave,
the subprime mortgage lending boom; it had even bought a subprime
mortgage broker. GE borrowed still more against equity to exploit the
remarkable opportunities, its triple-A rating giving it a major
competitive advantage. By 2008, the central weakness of the Welch
business strategy, its dependence on financial overspeculation, became
ominously clear. GE’s profits plunged during the credit crisis and its
stock price fell by 60 percent. GE Capital, the main source of its
success for twenty-five years, now reported enormous losses.

pg324/loc6382-85:

General Electric’s persistent earnings increases were a leading
example of how earnings were manipulated to produce consistent
gains. Fortune analyzed how Jack Welch used both pension fund reserves
and reserves at GE Capital to supplement quarterly earnings in order
to make them rise consistently. As noted, they rose every quarter for
almost thirteen years. GE stock roughly tripled between 1990 and 1995
and then quintupled between 1995 and early 2000.

... snip ...

Lots of financial engineering ... like what goes on with current stock
buyback craze

....

past posts mentioning "GE Capital", Welch, etc
http://www.garlic.com/~lynn/2005n.html#13 Why? (Was: US Military Dead during Iraq War
http://www.garlic.com/~lynn/2005s.html#48 Gartner: Stop Outsourcing Now
http://www.garlic.com/~lynn/2008c.html#12 Toyota Sales for 2007 May Surpass GM
http://www.garlic.com/~lynn/2008r.html#26 realtors (and GM, too!)
http://www.garlic.com/~lynn/2009e.html#9 Bletchley Park fires up replica Turing Bombe
http://www.garlic.com/~lynn/2011p.html#9 The Dumbest Idea In The World: Maximizing Shareholder Value
http://www.garlic.com/~lynn/2012.html#45 You may ask yourself, well, how did I get here?
http://www.garlic.com/~lynn/2012.html#77 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
http://www.garlic.com/~lynn/2012c.html#62 Why Is Finance So Big?
http://www.garlic.com/~lynn/2012f.html#66 Predator GE: We Bring Bad Things to Life
http://www.garlic.com/~lynn/2012h.html#77 Interesting News Article
http://www.garlic.com/~lynn/2013e.html#10 The Knowledge Economy Two Classes of Workers
http://www.garlic.com/~lynn/2013k.html#33 Management Secrets From Inside GE
http://www.garlic.com/~lynn/2013k.html#50 IBM Furloughs U.S. Hardware Employees to Reduce Costs
http://www.garlic.com/~lynn/2013k.html#51 What Makes a Tax System Bizarre?
http://www.garlic.com/~lynn/2014.html#84 Royal Pardon For Turing
http://www.garlic.com/~lynn/2014m.html#147 LEO
http://www.garlic.com/~lynn/2015.html#59 IBM Data Processing Center and Pi

-- 
virtualization experience starting Jan1968, online at home since Mar1970

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#156836

FromAnne & Lynn Wheeler <lynn@garlic.com>
Date2016-01-17 08:48 -0800
Message-ID<87oackywwi.fsf@garlic.com>
In reply to#155828
Anne & Lynn Wheeler <lynn@garlic.com> writes:
> Welch pushes GE Capital into one of the major institutions responsible
> for the financial mess ... and the growth in GE's bottom line.. "Age
> of Greed: The Triumph of Finance and the Decline of America, 1970 to
> the Present", pg200/loc3925-30:
>
> The CNNMoney writers got it slightly wrong. GE was not exactly like
> the American economy. It was even more dependent on financial
> services. In the early 2000s, GE was again riding a financial wave,
> the subprime mortgage lending boom; it had even bought a subprime
> mortgage broker. GE borrowed still more against equity to exploit the
> remarkable opportunities, its triple-A rating giving it a major
> competitive advantage. By 2008, the central weakness of the Welch
> business strategy, its dependence on financial overspeculation, became
> ominously clear. GE’s profits plunged during the credit crisis and its
> stock price fell by 60 percent. GE Capital, the main source of its
> success for twenty-five years, now reported enormous losses.
>
> pg324/loc6382-85:
>
> General Electric’s persistent earnings increases were a leading
> example of how earnings were manipulated to produce consistent
> gains. Fortune analyzed how Jack Welch used both pension fund reserves
> and reserves at GE Capital to supplement quarterly earnings in order
> to make them rise consistently. As noted, they rose every quarter for
> almost thirteen years. GE stock roughly tripled between 1990 and 1995
> and then quintupled between 1995 and early 2000.
>
> ... snip ...

more recent on GE:

Haier scoops up GE's appliances business for $5.4B 
http://seekingalpha.com/news/3033326-haier-scoops-up-ges-appliances-business-for-5_4b
China's Haier Nears Deal to Buy GE Appliance Business 
http://www.wsj.com/articles/chinas-haier-nears-deal-to-buy-ge-appliance-business-1452826607


-- 
virtualization experience starting Jan1968, online at home since Mar1970

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#155880

Fromhancock4@bbs.cpcn.com
Date2016-01-04 07:44 -0800
Message-ID<cc361563-00e3-46a7-a638-4067d26cc80a@googlegroups.com>
In reply to#155806
On Sunday, January 3, 2016 at 7:26:57 AM UTC-5, Peter Flass wrote:

> Stephen Sprunk <> wrote:
> > OTOH, public sector workers can retire after 20-30 years and then live
> > off the taxpayers' largesse for another 40+ years.  
> 
> Going after those jobs also requires forethought.  They tend to pay less
> than the private sector and don't offer stock options. You have to include
> the value of the pension in your calculations when deciding to take the
> job.

As mentioned, pensions have been reduced in many public sector jobs
for all employees and retirees.  Somehow, the courts have found that
what was supposedly a binding contract was actually not a binding 
contract.

In addition, many public sector pensions have always required a
mandatory employee contribution, and these have been increased.



> Here in the (NY) Capital District the two major employers used to be state
> government and a company I'll call Generous Electric; from my recollection
> the benefits used to be equivalent: health care, pension, job security,
> etc.  Over the years GE has had numerous layoffs and I believe have reduced
> benefits.  The State has stayed about the same, with a few minor layoffs
> here and there.  In my case they changed what had been a contributory
> pension plan to non-contributory, although other "tiers" (based on
> employment date) got worse.  Rather than a layoff the State tends to shed
> employees by giving old-timers some time credited toward their retirement
> if they leave right away.

Once the economy truly recovers public service employment will
no longer be attractive--the pay is lousy, benefits have been
slashed, and layoffs occur.  Then they'll be forced to pay big
bucks to consultants and outside contractors to get work done.

Law Enforcement personnel have tended to be exempt from some of the
cutbacks, though not always.  

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#155899

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-04 13:42 -0600
Message-ID<n6ehq7$bg9$1@dont-email.me>
In reply to#155880
On 04-Jan-16 09:44, hancock4@bbs.cpcn.com wrote:
> On Sunday, January 3, 2016 at 7:26:57 AM UTC-5, Peter Flass wrote:
>> Stephen Sprunk <> wrote:
>>> OTOH, public sector workers can retire after 20-30 years and then
>>> live off the taxpayers' largesse for another 40+ years.
>> 
>> Going after those jobs also requires forethought.  They tend to pay
>> less than the private sector and don't offer stock options. You
>> have to include the value of the pension in your calculations when
>> deciding to take the job.
> 
> As mentioned, pensions have been reduced in many public sector jobs 
> for all employees and retirees. ...
> In addition, many public sector pensions have always required a 
> mandatory employee contribution, and these have been increased.

I don't know how it works in other states, but neither of those has
happened in mine; the contribution rate has been fixed for decades and
nobody has ever lost benefits after retiring.  What _does_ change from
year to year is how many "points" are required to qualify, so you can't
reliably predict _when_ you'll retire until that day actually arrives.

> Somehow, the courts have found that what was supposedly a binding
> contract was actually not a binding contract.

Not all contracts are binding, but the exceptions are well-known and
rarely an issue in practice (other than bankruptcy) thanks to the
Contract Clause.

However, I suspect what you'll find, if you dig deep enough, is that
pension benefit promises didn't actually meet the definition of a
contract in the first place.  That is usually the case when someone
complains a "contract" isn't being honored, other than a bankruptcy.

> Once the economy truly recovers public service employment will no
> longer be attractive--the pay is lousy, benefits have been slashed,
> and layoffs occur.  Then they'll be forced to pay big bucks to
> consultants and outside contractors to get work done.

Contractors are a mixed bag, but overall, they usually cost less for the
same work, in large part because they don't have the same benefits (e.g.
pensions) or job security.  That's good for the taxpayers, but I don't
think it's good for society as a whole.

S

-- 
Stephen Sprunk         "God does not play dice."  --Albert Einstein
CCIE #3723         "God is an inveterate gambler, and He throws the
K5SSS        dice at every possible opportunity." --Stephen Hawking

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#155992

Fromhancock4@bbs.cpcn.com
Date2016-01-05 11:15 -0800
Message-ID<5cd73e34-f06f-47a5-8309-ef8edf01d459@googlegroups.com>
In reply to#155899
On Monday, January 4, 2016 at 2:42:32 PM UTC-5, Stephen Sprunk wrote:

> However, I suspect what you'll find, if you dig deep enough, is that
> pension benefit promises didn't actually meet the definition of a
> contract in the first place.  That is usually the case when someone
> complains a "contract" isn't being honored, other than a bankruptcy.

Unfortunately, for decades workers assumed it was indeed a legit
contract, and the company honored its terms.  Then the company
got greedy and found ways to circumvent the 'contract'.

Also, a company does not have to formally enter bankruptcy to
abrogate contracts.  A company can agree to a "restructuring"
to avoid bankruptcy, forcing a squeeze on pensions.  This is
accepted by creditors since a formal bankruptcy proceeding will
likely yield less than a negotiated restructuring.


> Contractors are a mixed bag, but overall, they usually cost less for the
> same work, in large part because they don't have the same benefits (e.g.
> pensions) or job security.  That's good for the taxpayers, but I don't
> think it's good for society as a whole.

Contractors (or consultants) can charge surprisingly high rates, some
of which trickles down to the actual worker, but most is profit for
the company.  Many companies lobby very hard for consulting contracts
because they are very profitable.  

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#156129

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-06 11:27 -0600
Message-ID<n6jik6$uq0$1@dont-email.me>
In reply to#155992
On 05-Jan-16 13:15, hancock4@bbs.cpcn.com wrote:
> Stephen Sprunk wrote:
>> However, I suspect what you'll find, if you dig deep enough, is
>> that pension benefit promises didn't actually meet the definition
>> of a contract in the first place.  That is usually the case when
>> someone complains a "contract" isn't being honored, other than a
>> bankruptcy.
> 
> Unfortunately, for decades workers assumed it was indeed a legit 
> contract, and the company honored its terms.  Then the company got
> greedy and found ways to circumvent the 'contract'.

Indeed, and that's why it's such a horrible idea to let the employer
hold those funds instead of them being held in trust by a third party.

> Also, a company does not have to formally enter bankruptcy to 
> abrogate contracts.

There are a few other exceptions, but in general, yes, it does.

> A company can agree to a "restructuring" to avoid bankruptcy,
> forcing a squeeze on pensions.  This is accepted by creditors since
> a formal bankruptcy proceeding will likely yield less than a
> negotiated restructuring.

A "restructuring" refers to Chapter 11 bankruptcy.  In some cases, the
creditors (including pensioners) can be convinced to _renegotiate_ the
terms of their debts (e.g. lower interest rates, longer payments), but
if not, the debtor generally has no choice but to file for bankruptcy,
and then a federal court restructures the debt--often leading to worse
outcomes for creditors than previously offered, such as dumping all
pensions on the PBGC, which pays pennies on the dollar.

One of the problems with the 2007 crash was many creditors _wanted_
debtors to file for bankruptcy because their bonds were insured; the
sheer number, though, caused the insurer itself (AIG) to file for
bankruptcy, which created a slew of other problems.

S

-- 
Stephen Sprunk         "God does not play dice."  --Albert Einstein
CCIE #3723         "God is an inveterate gambler, and He throws the
K5SSS        dice at every possible opportunity." --Stephen Hawking

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#156132

From"Osmium" <r124c4u102@comcast.net>
Date2016-01-06 12:02 -0600
Message-ID<df5355FfdqaU1@mid.individual.net>
In reply to#156129
"Stephen Sprunk" wrote:

> A "restructuring" refers to Chapter 11 bankruptcy.  In some cases, the
> creditors (including pensioners) can be convinced to _renegotiate_ the
> terms of their debts (e.g. lower interest rates, longer payments), but
> if not, the debtor generally has no choice but to file for bankruptcy,
> and then a federal court restructures the debt--often leading to worse
> outcomes for creditors than previously offered, such as dumping all
> pensions on the PBGC, which pays pennies on the dollar.

As I understand it, except for a tiny minority of people who have lavish 
pensions the rest of can only dream of, the pension guarantee program pays 
100 pennies on the dollar. 

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#156142

Fromscott@slp53.sl.home (Scott Lurndal)
Date2016-01-06 18:52 +0000
Message-ID<%ndjy.144514$rj1.133696@fx27.iad>
In reply to#156132
"Osmium" <r124c4u102@comcast.net> writes:
>"Stephen Sprunk" wrote:
>
>> A "restructuring" refers to Chapter 11 bankruptcy.  In some cases, the
>> creditors (including pensioners) can be convinced to _renegotiate_ the
>> terms of their debts (e.g. lower interest rates, longer payments), but
>> if not, the debtor generally has no choice but to file for bankruptcy,
>> and then a federal court restructures the debt--often leading to worse
>> outcomes for creditors than previously offered, such as dumping all
>> pensions on the PBGC, which pays pennies on the dollar.
>
>As I understand it, except for a tiny minority of people who have lavish 
>pensions the rest of can only dream of, the pension guarantee program pays 
>100 pennies on the dollar. 
>

Where lavish exceeds 57k p.a.?   That's the PBGC limit.   Most teacher
pensions around here end up higher than that.

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#156165

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-06 18:06 -0600
Message-ID<n6ka1q$vjt$1@dont-email.me>
In reply to#156132
On 06-Jan-16 12:02, Osmium wrote:
> "Stephen Sprunk" wrote:
>> A "restructuring" refers to Chapter 11 bankruptcy.  In some cases,
>> the creditors (including pensioners) can be convinced to
>> _renegotiate_ the terms of their debts (e.g. lower interest rates,
>> longer payments), but if not, the debtor generally has no choice
>> but to file for bankruptcy, and then a federal court restructures
>> the debt--often leading to worse outcomes for creditors than
>> previously offered, such as dumping all pensions on the PBGC, which
>> pays pennies on the dollar.
> 
> As I understand it, except for a tiny minority of people who have
> lavish pensions the rest of can only dream of, the pension guarantee
> program pays 100 pennies on the dollar.

The max is ~$55k/yr for single-employer plans, which isn't "lavish",
though it doesn't look that bad on the surface.

For multi-employer plans (common at union jobs), PBGC guarantees 100% of
the first $11/mo and 75% of the next $33/mo per year of service.  For
instance, if you worked 30 years and were supposed to get $3,000/mo,
then PGBC pays only $495/mo (16.5%).  That certainly isn't "lavish".

Also, PGBC does _not_ guarantee "supplemental" benefits, e.g. health,
disability or long term care, which are often far more valuable than the
cash payment itself--and certainly more valuable than the pittance that
PBGC pays.

For some perspective, only 43.9M private-sector workers and retirees
even _have_ a pension, or ~18% of US adults--and most of those people
are already retired or will be soon.  Pensions are nearly extinct, in
large part because nearly every company that had one went bankrupt.

S

-- 
Stephen Sprunk         "God does not play dice."  --Albert Einstein
CCIE #3723         "God is an inveterate gambler, and He throws the
K5SSS        dice at every possible opportunity." --Stephen Hawking

[toc] | [prev] | [next] | [standalone]


#156204

FromPeter Flass <peter_flass@yahoo.com>
Date2016-01-07 12:04 -0500
Message-ID<709999594.473877370.082621.peter_flass-yahoo.com@news.eternal-september.org>
In reply to#156165
Stephen Sprunk <stephen@sprunk.org> wrote:
> On 06-Jan-16 12:02, Osmium wrote:
>> "Stephen Sprunk" wrote:
>>> A "restructuring" refers to Chapter 11 bankruptcy.  In some cases,
>>> the creditors (including pensioners) can be convinced to
>>> _renegotiate_ the terms of their debts (e.g. lower interest rates,
>>> longer payments), but if not, the debtor generally has no choice
>>> but to file for bankruptcy, and then a federal court restructures
>>> the debt--often leading to worse outcomes for creditors than
>>> previously offered, such as dumping all pensions on the PBGC, which
>>> pays pennies on the dollar.
>> 
>> As I understand it, except for a tiny minority of people who have
>> lavish pensions the rest of can only dream of, the pension guarantee
>> program pays 100 pennies on the dollar.
> 
> The max is ~$55k/yr for single-employer plans, which isn't "lavish",
> though it doesn't look that bad on the surface.
> 
> For multi-employer plans (common at union jobs), PBGC guarantees 100% of
> the first $11/mo and 75% of the next $33/mo per year of service.  For
> instance, if you worked 30 years and were supposed to get $3,000/mo,
> then PGBC pays only $495/mo (16.5%).  That certainly isn't "lavish".
> 
> Also, PGBC does _not_ guarantee "supplemental" benefits, e.g. health,
> disability or long term care, which are often far more valuable than the
> cash payment itself--and certainly more valuable than the pittance that
> PBGC pays.
> 
> For some perspective, only 43.9M private-sector workers and retirees
> even _have_ a pension, or ~18% of US adults--and most of those people
> are already retired or will be soon.  Pensions are nearly extinct, in
> large part because nearly every company that had one went bankrupt.
> 
> S
> 

"Lavish" doesn't matter as much as other factors.  People who retired
expecting a certain pension and then discover they're only going to get 50%
of it or so are in deep doodoo no matter what.  People hopefully get
themselves set up for retirement - perhaps with savings and investments,
moving and buying a new house, etc.  Suddenly they can't afford it and
don't have as much flexibility to make changes as someone who's 40.

I remember reading about some pilots who retired on a pension north of
$100,000  and suddenly found themselves getting only the $55,000 max.  It's
a lot harder to shift gears than for someone who had planned for $55,000
and got it. While it might have been hard to feel sorry for someone with a
$55,000 pension, I did in this case.

-- 
Pete

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