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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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#156337

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-09 16:59 -0600
Message-ID<n6s36s$8re$1@dont-email.me>
In reply to#156267
On 08-Jan-16 12:36, hancock4@bbs.cpcn.com wrote:
> Stephen Sprunk wrote:
>> On 07-Jan-16 11:36, hancock4 wrote:
>>> Selling a home under duress is costly in itself.
>> 
>> That depends on the market, of course, but if this is likely to
>> become a problem, then one should do it _before_ one is under
>> duress.
> 
> Naturally, but sometimes a person doesn't have warning.
> 
> For example, suppose a major employer contracts.  It both closes a 
> major facility and cuts pensions.  Pensioners living in such a town 
> suddenly have lost value in their house because everyone needs to go
> move elsewhere to keep working.

That's one of the dangers of living in a small town, and it's not
exclusive to pensioners.  Keep in mind that the vast majority of people
living in such a town don't have pensions (either current or future),
and they're just as screwed.

Still, as far as the pensioners go, that's yet another reason why we
should not allow employers to control (or raid) pension funds.

>>> Some elders have lived in a location for a long time.  They may
>>> have no mortgage, but some old neighborhoods (or houses) decay
>>> and aren't worth very much to sell (or need expensive fixing
>>> up.)
>> 
>> If it's not worth much, then the property taxes shouldn't be
>> onerous.
> 
> Sometimes a desperate community will _raise_ property taxes to make
> up for a shortfall.  They'll also raise them to pay for increased
> social services and police due to being a poor community. It might be
> stupid economics, but politicians don't think that way.

There difference in tax rates in poor vs rich communities here is not
significant; they're all about the same.  When a poor community has a
budget shortfall, they cut spending, not raise rates.

> Well, here's another example of how employers screw retirees: Let's
> say the employer (public or private) agreed to pay for retiree health
> care.  At the time it cost $1,000/year per employee in a group plan.
> The costs became much higher so the employer decides to eliminate the
> benefit.

See above; they shouldn't be in control of that in the first place.

> What employers then do is eliminate _all_ retiree health care
> coverage. If they wanted to be at least fair about it, they could
> continue maintaining a group plan (which are a lot cheaper), and keep
> paying the first $1,000, and letting retirees pay the rest if they
> chose.

That's not how most group plans work; all members of the group must be
covered unless they qualify for an exemption, e.g. they already have
coverage from a spouse's plan.

Otherwise, people would simply wait to sign up until they needed the
benefits, which defeats the entire point of insurance.  That is also why
group plans never had the preexisting condition limitations that were
(until Obamacare) standard for individual plans.

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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#156220

From"Osmium" <r124c4u102@comcast.net>
Date2016-01-07 13:13 -0600
Message-ID<df7rmeF6iqmU1@mid.individual.net>
In reply to#156165
"Stephen Sprunk" wrote:

> 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".

I compute his revised  pension as:
 (30*11*1.0) + (30*33*.75) = $1072/month.  That's only twice as much as what 
you said, but still ....

What did I do wrong?

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#156231

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-07 18:55 -0600
Message-ID<n6n188$chs$1@dont-email.me>
In reply to#156220
On 07-Jan-16 13:13, Osmium wrote:
> "Stephen Sprunk" wrote:
>> 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".
> 
> I compute his revised  pension as: (30*11*1.0) + (30*33*.75) =
> $1072/month.  That's only twice as much as what you said, but still
> ....
> 
> What did I do wrong?

*scratches head*

That's what I'm getting now too, so I must have messed up the original
calculations somehow.

Still, $1072/mo puts you in food stamps territory.

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]


#156262

FromHuge <Huge@nowhere.much.invalid>
Date2016-01-08 17:40 +0000
Message-ID<dfaajgFp6naU2@mid.individual.net>
In reply to#156231
On 2016-01-08, Stephen Sprunk <stephen@sprunk.org> wrote:

[21 lines snipped]

> Still, $1072/mo puts you in food stamps territory.

Not surprised. My (elderly, poorly, living (*) in a "retirement living
community") Mother makes about $3K/mo (entirely from various pensions) and
has to budget *very* carefully. If it wasn't for Medicare and some medical
insurance from my late father's employment, she'd be fucked. As it is,
I have to supplement her income. The USA is no place to be old and 'poor'.

(* In the US, for anyone who actually pays any attention to my postings and
has remembered that I am a Brit living in the UK.)


-- 
Today is Pungenday, the 8th day of Chaos in the YOLD 3182
                  I don't have an attitude problem.
    If you have a problem with my attitude, that's your problem.

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#156295

Frommausg@mail.com
Date2016-01-08 23:20 +0000
Message-ID<slrnn90h16.2a0.mausg@smaus.org>
In reply to#156262
On 2016-01-08, Huge <Huge@nowhere.much.invalid> wrote:
> On 2016-01-08, Stephen Sprunk <stephen@sprunk.org> wrote:
>
> [21 lines snipped]
>
>> Still, $1072/mo puts you in food stamps territory.
>
> Not surprised. My (elderly, poorly, living (*) in a "retirement living
> community") Mother makes about $3K/mo (entirely from various pensions) and
> has to budget *very* carefully. If it wasn't for Medicare and some medical
> insurance from my late father's employment, she'd be fucked. As it is,
> I have to supplement her income. The USA is no place to be old and 'poor'.
>

Francis stuart broadcast for Germany during WWWII, but was 
not prosecced because he was  regarded generally as a nutcase.
He wrote later, ``If  you are  looking  for living on charity, don't go to Germany.
In Berlin that winter, some people gathered beechmast for food. One of the Nurenberg 
accused reported that he felt guilty, in spite of the constant beatings for confessions
,  he  was living so much better than his wife outsiide.




-- 
greymaus
 .
  .
...

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#155878

Fromhancock4@bbs.cpcn.com
Date2016-01-04 07:29 -0800
Message-ID<08580c70-6bf4-4a37-bb64-e4cd2782409d@googlegroups.com>
In reply to#155792
On Saturday, January 2, 2016 at 8:56:48 PM UTC-5, Stephen Sprunk wrote:


> 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.

FWIW, one of my friends will have to work until he's age 70
because his old company was raided and his pension substantially
decreased.  The successor company treats their people like serfs,
and is very quick to remind those they kept that they're lucky
to have a job.


> 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.

Many people who have a 401k have not done well with them.  Individual
everyday people do not have the skills to pick a competent fund manager 
nor manage the funds themselves.  Many have not recovered from the 2007
crash.   They'll also be working until age 70.  (Not helping is that
some fund managers were outright crooks, charging excessively high
fees.)

[snip]

> > 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.

Unfortunately, many of the workers who have gotten screwed did plan
ahead--they were simply cheated out of their pension by corporate 
raiders or the like.  For public employee, many of their pensions
have been cut, even to retirees.

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#155888

FromMorten Reistad <first@last.name.invalid>
Date2016-01-04 18:30 +0100
Message-ID<ppmqlc-1b1.ln1@sambook.reistad.name>
In reply to#155878
In article <08580c70-6bf4-4a37-bb64-e4cd2782409d@googlegroups.com>,
 <hancock4@bbs.cpcn.com> wrote:
>On Saturday, January 2, 2016 at 8:56:48 PM UTC-5, Stephen Sprunk wrote:
>
>
>> 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.
>
>FWIW, one of my friends will have to work until he's age 70
>because his old company was raided and his pension substantially
>decreased.  The successor company treats their people like serfs,
>and is very quick to remind those they kept that they're lucky
>to have a job.

This is mostly a US-centric problem about how the pensions are
organised. Most other civilised countries have stringent rules that
the pension fund is cordoned off from the company funding it; organised
as some form of coop (i.e. ruled by the benefactors) or non-profit, 
regulated company. They are also prohibited from investing a too
large share into the company that funds it. This share is usually
limited to 15-30% of the capital base.

Some of these are co-managed by unions or professional associations.

>> 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.
>
>Many people who have a 401k have not done well with them.  Individual
>everyday people do not have the skills to pick a competent fund manager 
>nor manage the funds themselves.  Many have not recovered from the 2007
>crash.   They'll also be working until age 70.  (Not helping is that
>some fund managers were outright crooks, charging excessively high
>fees.)

If you don't have an actual education in finance you are well advised to
invest in some index tracking fund with good liquidity, like the QQQQs.
That will get you the average of the stock market, which is pretty good
in the longer term.

>[snip]
>
>> > 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.
>
>Unfortunately, many of the workers who have gotten screwed did plan
>ahead--they were simply cheated out of their pension by corporate 
>raiders or the like.  For public employee, many of their pensions
>have been cut, even to retirees.

That a corporate raider can get at more than a single digit percentage
of an employee pension fund.

-- mrr

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#155895

Fromhancock4@bbs.cpcn.com
Date2016-01-04 10:59 -0800
Message-ID<49069cb4-62d9-4203-97c9-87ad1b66d00c@googlegroups.com>
In reply to#155888
On Monday, January 4, 2016 at 12:39:05 PM UTC-5, Morten Reistad wrote:

> That a corporate raider can get at more than a single digit percentage
> of an employee pension fund.

What often happens after a corporate raid is that the resulting
company is loaded down with heavy debt.  Pension debt is one of
the things that becomes 'unsustainable' and somehow, corporations
are able to convince the courts to be allowed to shed it.

For instance, on the very same day, the business page of the Phila
Inqr reported that the owners of American Airlines reported record
profits, as well as reporting that same owners went to the courts
to abrogate their pension obligations as being too onerous.

The raiders have found all sorts of loopholes and tricks to shed
or minimize pension obligations.  Some state governments are doing
likewise.

Years ago pensions had more protection.  For instance, I don't
believe pensions were impacted during the Penn Central bankruptcy.
Nor were pensions hurt when New York City has its infamous default.
Howeer, today, bond payments are often considered more important than
pensions for both public and private sectors.

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


#155926

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-04 19:48 -0600
Message-ID<n6f789$pds$1@dont-email.me>
In reply to#155895
On 04-Jan-16 12:59, hancock4@bbs.cpcn.com wrote:
> Morten Reistad wrote:
>> That a corporate raider can get at more than a single digit
>> percentage of an employee pension fund.
> 
> What often happens after a corporate raid is that the resulting 
> company is loaded down with heavy debt.  Pension debt is one of the
> things that becomes 'unsustainable' and somehow, corporations are
> able to convince the courts to be allowed to shed it.

The only way a corporation can "shed" a debt, including pension debt, is
to declare bankruptcy.

However, pension debt falls under unpaid wages, which is one of the
_last_ debts to get paid in bankruptcy proceedings, and a bankrupt
company usually runs out of assets long before reaching that.

A typical corporate raider would sell junk bonds to generate cash to
fund a hostile takeover, pay off those junk bonds with the company's
pension funds (and any other assets they could sell), keep whatever was
left for themselves as a "management fee", and then let the company go
bankrupt because it had nothing left to pay its own debts.

> For instance, on the very same day, the business page of the Phila 
> Inqr reported that the owners of American Airlines reported record 
> profits, as well as reporting that same owners went to the courts to
> abrogate their pension obligations as being too onerous.

I see nothing in the news about AA's pensions since early 2012, which
was related to filing for bankruptcy in late 2011--when AA was facing
record losses, not profits.

Unlike its competitors, AA didn't take advantage of a 2006 law allowing
airlines to defer pension contributions; in 2014, they asked Congress to
extend the deadline so they can be on an even footing, but that doesn't
affect their obligations.  When the bill eventually comes due, all of
the airlines will be back in bankruptcy court yet again.  I wonder if
they get frequent filer miles?

> Years ago pensions had more protection. 

No, raiders (and execs) are just getting better at exploiting the holes
that have always been there--and that Congress refuses to fix.

> For instance, I don't believe pensions were impacted during the Penn
> Central bankruptcy.

Penn Central never _had_ a pension plan; they were part of Railroad
Retirement, so they didn't need one--unlike non-railroad employers who
were/are stuck with inferior Social Security.

However, the bankruptcy of Penn Central and many other railroads did
indirectly force Congress to restructure Railroad Retirement so that
workers could move between the two systems without starting over.

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]


#155967

FromQuadibloc <jsavard@ecn.ab.ca>
Date2016-01-05 06:27 -0800
Message-ID<29059220-49dd-4b59-ba04-5317d2b893fe@googlegroups.com>
In reply to#155926
On Monday, January 4, 2016 at 6:48:25 PM UTC-7, Stephen Sprunk wrote:

> However, pension debt falls under unpaid wages, which is one of the
> _last_ debts to get paid in bankruptcy proceedings, and a bankrupt
> company usually runs out of assets long before reaching that.

We need to have a worker protection law, so that wages go into escrow the minute 
they're earned.

John Savard

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#155971

Frommausg@mail.com
Date2016-01-05 16:26 +0000
Message-ID<slrnn8nrlt.2rv.mausg@smaus.org>
In reply to#155967
On 2016-01-05, Quadibloc <jsavard@ecn.ab.ca> wrote:
> On Monday, January 4, 2016 at 6:48:25 PM UTC-7, Stephen Sprunk wrote:
>
>> However, pension debt falls under unpaid wages, which is one of the
>> _last_ debts to get paid in bankruptcy proceedings, and a bankrupt
>> company usually runs out of assets long before reaching that.
>
> We need to have a worker protection law, so that wages go into escrow the minute 
> they're earned.
>
> John Savard

They had laws in the UK some years ago for all that, until Robert Maxwell
arrived, I don't think much was ever recovered.


-- 
greymaus
 .
  .
...

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#155976

FromDave Garland <dave.garland@wizinfo.com>
Date2016-01-05 12:27 -0600
Message-ID<n6h1p3$jd3$2@dont-email.me>
In reply to#155967
On 1/5/2016 8:27 AM, Quadibloc wrote:
> On Monday, January 4, 2016 at 6:48:25 PM UTC-7, Stephen Sprunk wrote:
>
>> However, pension debt falls under unpaid wages, which is one of the
>> _last_ debts to get paid in bankruptcy proceedings, and a bankrupt
>> company usually runs out of assets long before reaching that.
>
> We need to have a worker protection law, so that wages go into escrow the minute
> they're earned.
>

So true.

Gonna be hard so long as corporate interests are the primary 
financiers of politicians, though.

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#155989

Fromhancock4@bbs.cpcn.com
Date2016-01-05 11:08 -0800
Message-ID<6a7ad5d7-4ca9-4b91-ad59-c08f75590930@googlegroups.com>
In reply to#155976
On Tuesday, January 5, 2016 at 1:27:15 PM UTC-5, Dave Garland wrote:

> Gonna be hard so long as corporate interests are the primary 
> financiers of politicians, though.

Yes, and that's a big reason that I'm pessimistic about the future.

Corporate lobbyists have incredible power and despite widespread
public awareness, there seems to be no desire to stop it.  Further,
the abilities of "super political action committees" have been
expanded, so outsiders can fund candidates and movements, and
there are organiations doing just that to protect businesses
and screw individual workers.

It's obviously legalized bribery, yet no one seems to mind.

Years ago, there seemed to be more checks and balances against
the rabid greed we see today, but the safety devices are gone.
When a business is called to task for outrageous behavior, it's
atonishing that they were able to get away with so much for so
long.

http://www.philly.com/philly/business/homepage/20160105_Malvern_firm_faces__1_75M_bill_to_pay_workers_denied_bathroom_breaks.html

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#155896

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-04 13:14 -0600
Message-ID<n6eg6f$4ec$1@dont-email.me>
In reply to#155888
On 04-Jan-16 11:30, Morten Reistad wrote:
> <hancock4@bbs.cpcn.com> wrote:
>> FWIW, one of my friends will have to work until he's age 70 because
>> his old company was raided and his pension substantially decreased.
>> The successor company treats their people like serfs, and is very
>> quick to remind those they kept that they're lucky to have a job.
> 
> This is mostly a US-centric problem about how the pensions are 
> organised. Most other civilised countries have stringent rules that 
> the pension fund is cordoned off from the company funding it;
> organised as some form of coop (i.e. ruled by the benefactors) or
> non-profit, regulated company. They are also prohibited from
> investing a too large share into the company that funds it. This
> share is usually limited to 15-30% of the capital base.
> 
> Some of these are co-managed by unions or professional associations.

Indeed, and this has been a problem in the US for decades; employers
often "managed" their pension funds by giving low-/no-interest loans to
themselves rather than having to pay market rates.  That is one of the
reasons why employers _wanted_ to offer pensions--until the bill came
due and they had no cash to pay out retirees' benefits.

By far, the most notable part of the GM bankruptcy and bailout was the
transfer of its pension to UAW; as soon as that paperwork was done, GM
was instantly solvent and profitable again.  IMHO, this should be done
with _all_ pensions--and perhaps we'd see more companies offering them
again if that were the case.

You may hear about 401(k), 403(b), IRA or other retirement plans; these
are often mistakenly called pensions, but they're not.  What's relevant
here is that their funds _are_ held in trust by a third party, unlike
pensions (other than the GM/UAW exception).

>> Many people who have a 401k have not done well with them.
>> Individual everyday people do not have the skills to pick a
>> competent fund manager nor manage the funds themselves.  Many have
>> not recovered from the 2007 crash.   They'll also be working until
>> age 70.  (Not helping is that some fund managers were outright
>> crooks, charging excessively high fees.)
> 
> If you don't have an actual education in finance you are well advised
> to invest in some index tracking fund with good liquidity, like the
> QQQQs. That will get you the average of the stock market, which is
> pretty good in the longer term.

Most 401(k) and similar plans only allow selecting from a very short
list of mutual funds, and there are usually several index funds; no
"managed" fund in history has out-performed its relevant index over the
long term, at least after the "management" fees are subtracted, so the
choice is clear: put everything in indexes.

Some plans offer the ability to invest in your employer's stock, but
IMHO that is a very bad idea and should probably be illegal; that an
employer would even let you do that is probably a sign that you
shouldn't be working there, much less investing in their stock.

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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#155900

From"Osmium" <r124c4u102@comcast.net>
Date2016-01-04 14:43 -0600
Message-ID<df03rjF76smU1@mid.individual.net>
In reply to#155896
"Stephen Sprunk" wrote:

> You may hear about 401(k), 403(b), IRA or other retirement plans; these
> are often mistakenly called pensions, but they're not.  What's relevant
> here is that their funds _are_ held in trust by a third party, unlike
> pensions (other than the GM/UAW exception).

When 401Ks started being popular my employer gave me a packet of literature 
about this new "retirement plan"  I read it over and over and over and never 
did find a retirement plan. It drove me absolutely crazy that they couldn't 
have some English speaking person do their write-up. It was a plan to 
accumulate a pile of money, if you chose to you could, havling the pile, buy 
an annuity and have a simulated retirement plan. But from everything I saw, 
actually buying an annuity is a very poor choice for most people. 

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#155920

FromHuge <Huge@nowhere.much.invalid>
Date2016-01-04 22:38 +0000
Message-ID<df0aiqF7q4pU8@mid.individual.net>
In reply to#155900
On 2016-01-04, Osmium <r124c4u102@comcast.net> wrote:
> "Stephen Sprunk" wrote:
>
>> You may hear about 401(k), 403(b), IRA or other retirement plans; these
>> are often mistakenly called pensions, but they're not.  What's relevant
>> here is that their funds _are_ held in trust by a third party, unlike
>> pensions (other than the GM/UAW exception).
>
> When 401Ks started being popular my employer gave me a packet of literature 
> about this new "retirement plan"  I read it over and over and over and never 
> did find a retirement plan. It drove me absolutely crazy that they couldn't 
> have some English speaking person do their write-up.

It isn't in their interests that you understand it.

-- 
Today is Prickle-Prickle, the 4th day of Chaos in the YOLD 3182
                  I don't have an attitude problem.
    If you have a problem with my attitude, that's your problem.

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#156560

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-12 17:47 -0600
Message-ID<n7435h$gfp$1@dont-email.me>
In reply to#155900
On 04-Jan-16 14:43, Osmium wrote:
> "Stephen Sprunk" wrote:
>> You may hear about 401(k), 403(b), IRA or other retirement plans;
>> these are often mistakenly called pensions, but they're not.
>> What's relevant here is that their funds _are_ held in trust by a
>> third party, unlike pensions (other than the GM/UAW exception).
> 
> When 401Ks started being popular my employer gave me a packet of 
> literature about this new "retirement plan"  I read it over and over 
> and over and never did find a retirement plan. ... It was a plan to
> accumulate a pile of money, if you chose to you could, havling the
> pile, buy an annuity and have a simulated retirement plan.

You seem to be equating "retirement plan" with "life annuity", but the
latter is a subset; the former includes _any_ plan to provide income
during retirement.

Rather than cashing out and buying a life annuity with said pile of
money, you could simply leave it invested in the market and take out a
portion when you need some--and at much lower tax rates.  Whatever is
left over when you die goes to your designated beneficiary(ies).

(For those not familiar with life annuities, they're essentially the
opposite of life insurance: they pay out when you _don't_ die.)

> But from everything I saw, actually buying an annuity is a very
> poor choice for most people.

The main benefit of a life annuity is protecting against the risk of
living longer than expected.  However, buying insurance has a cost in
itself, and there's nothing left over when you do die.

Pensions are essentially life annuities run by employers as a sideline
rather than by an insurance company as its core competency.  Does that
really sound like a good idea if you're looking for security?

> It drove me absolutely crazy that they couldn't have some English
> speaking person do their write-up.

I never had a problem reading the materials that my employers or plan
administrators gave me.  They didn't provide much direction in _how_ to
invest within the plan, but there's no shortage of advice floating
around the Web, and I've beaten the market every year for nearly 20
years with maybe an hour of work.  OTOH, every year the best Wall St
analysts lose to a monkey throwing darts, so it's not that tough.

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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#156564

FromMorten Reistad <first@last.name.invalid>
Date2016-01-13 01:27 +0100
Message-ID<38igmc-5aa.ln1@sambook.reistad.name>
In reply to#156560
In article <n7435h$gfp$1@dont-email.me>,
Stephen Sprunk  <stephen@sprunk.org> wrote:
>On 04-Jan-16 14:43, Osmium wrote:
>> "Stephen Sprunk" wrote:
>>> You may hear about 401(k), 403(b), IRA or other retirement plans;
>>> these are often mistakenly called pensions, but they're not.
>>> What's relevant here is that their funds _are_ held in trust by a
>>> third party, unlike pensions (other than the GM/UAW exception).
>> 
>> When 401Ks started being popular my employer gave me a packet of 
>> literature about this new "retirement plan"  I read it over and over 
>> and over and never did find a retirement plan. ... It was a plan to
>> accumulate a pile of money, if you chose to you could, havling the
>> pile, buy an annuity and have a simulated retirement plan.
>
>You seem to be equating "retirement plan" with "life annuity", but the
>latter is a subset; the former includes _any_ plan to provide income
>during retirement.
>
>Rather than cashing out and buying a life annuity with said pile of
>money, you could simply leave it invested in the market and take out a
>portion when you need some--and at much lower tax rates.  Whatever is
>left over when you die goes to your designated beneficiary(ies).
>
>(For those not familiar with life annuities, they're essentially the
>opposite of life insurance: they pay out when you _don't_ die.)
>
>> But from everything I saw, actually buying an annuity is a very
>> poor choice for most people.
>
>The main benefit of a life annuity is protecting against the risk of
>living longer than expected.  However, buying insurance has a cost in
>itself, and there's nothing left over when you do die.
>
>Pensions are essentially life annuities run by employers as a sideline
>rather than by an insurance company as its core competency.  Does that
>really sound like a good idea if you're looking for security?

Only in America. This is forbidden, or so regulated it in practice is.
Having the employer manage the pension fund, that is. Almost every other
western country has strict rules for the management of these. Even a 
bank or a brokerage needs chinese walls between itself and the fund.

There are, in most places, also clear limits to how much of the fund
payment that can go to buy the company shares; with limits on the order
of 15% or so. 

>> It drove me absolutely crazy that they couldn't have some English
>> speaking person do their write-up.
>
>I never had a problem reading the materials that my employers or plan
>administrators gave me.  They didn't provide much direction in _how_ to
>invest within the plan, but there's no shortage of advice floating
>around the Web, and I've beaten the market every year for nearly 20
>years with maybe an hour of work.  OTOH, every year the best Wall St
>analysts lose to a monkey throwing darts, so it's not that tough.

There are two main ways to try to beat the market. One works, reliably; the
other doesn't; just as reliably. Stock picking; i.e. predicting which
company/bond/fund will outperform the rest does not. Instrument picking; 
i.e. choosing cash, bonds, real estate, stocks to match the business
cycle does. Almost everyone can tell where on the "cycle clock" you are, 
within 1-2 "hours"; and that is plenty to beat the market. 

At the recession side, 6 is the bottom, 9 is the recovery, 12 is the top.
And 3 is the way down. I would say the US is at an 8, somewhat wavering;
but the top may be passed in a few months. It is pretty easy to get a feel
for where you are in this cycle; everyone sees so much of this that almost
everyone gets the timing within 1-2 "hours".

From around 6:30 to 11:30 hold stocks. They generally outperform everything
else, but they only move ahead ca from 7 till 11. Otherwise stay in bonds or
cash. When interest rates go down the bonds go up. Interest rates go up until 
ca 3:00, and then drop sharply; so stay in bonds during the dip. Get in at
around 2:30.

You can also generally get good interest on bonds, so they are sensible
except when outperformed by stocks; or just on the very top of the cycle.
They are a lot less volatile than stocks, so if in doubt go for bonds.

This is an investment strategy that is forbidden for the large volume of
managed funds out there. Allowing it for the large portfolios would wreck
total havoc with the markets. But for your own, private 401 you can go right
ahead. Most funds have fixed ratios; 40:50:10 is pretty standard; 40% stocks, 
50% bonds and 10 varying (cash, stocks, bonds).

-- mrr

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#156588

FromStephen Sprunk <stephen@sprunk.org>
Date2016-01-13 11:18 -0600
Message-ID<n760o0$g1a$1@dont-email.me>
In reply to#156564
On 12-Jan-16 18:27, Morten Reistad wrote:
> Stephen Sprunk <stephen@sprunk.org> wrote:
>> On 04-Jan-16 14:43, Osmium wrote:
>>> But from everything I saw, actually buying a[ life] annuity is a
>>> very poor choice for most people.
>> 
>> The main benefit of a life annuity is protecting against the risk
>> of living longer than expected.  However, buying insurance has a
>> cost in itself, and there's nothing left over when you do die.
>> 
>> Pensions are essentially life annuities run by employers as a
>> sideline rather than by an insurance company as its core
>> competency.  Does that really sound like a good idea if you're
>> looking for security?
> 
> Only in America. This is forbidden, or so regulated it in practice
> is. Having the employer manage the pension fund, that is.

Yes, that was the context.

> Almost every other western country has strict rules for the
> management of these. Even a bank or a brokerage needs chinese walls
> between itself and the fund.

With good reason; we should do the same.  Unfortunately, most of the
damage is already done: pensions are almost gone in the US, victims of
bankruptcy either due to incompetent managers or corporate raiders.

> There are, in most places, also clear limits to how much of the fund 
> payment that can go to buy the company shares; with limits on the
> order of 15% or so.

Even that is questionable to me; if your employer goes bankrupt, it's
bad enough that you lose your income, but also 15% of your pension?

>>> It drove me absolutely crazy that they couldn't have some
>>> English speaking person do their write-up.
>> 
>> I never had a problem reading the materials that my employers or
>> plan administrators gave me.  They didn't provide much direction in
>> _how_ to invest within the plan, but there's no shortage of advice
>> floating around the Web, and I've beaten the market every year for
>> nearly 20 years with maybe an hour of work.  OTOH, every year the
>> best Wall St analysts lose to a monkey throwing darts, so it's not
>> that tough.
> 
> There are two main ways to try to beat the market. One works,
> reliably; the other doesn't; just as reliably. Stock picking; i.e.
> predicting which company/bond/fund will outperform the rest does not.
> Instrument picking; i.e. choosing cash, bonds, real estate, stocks to
> match the business cycle does. Almost everyone can tell where on the
> "cycle clock" you are, within 1-2 "hours"; and that is plenty to beat
> the market.

That's long been my theory, and it seems to be correct in practice.

> From around 6:30 to 11:30 hold stocks. They generally outperform
> everything else, but they only move ahead ca from 7 till 11.
> Otherwise stay in bonds or cash. When interest rates go down the
> bonds go up. Interest rates go up until ca 3:00, and then drop
> sharply; so stay in bonds during the dip. Get in at around 2:30.

I don't like keeping my funds in cash, so I just switch between stocks
and bonds, and even that I only do when I have a feeling there is going
to be a major correction soon.

> You can also generally get good interest on bonds, so they are
> sensible except when outperformed by stocks; or just on the very top
> of the cycle. They are a lot less volatile than stocks, so if in
> doubt go for bonds.

Absent the above feeling, I keep age% in bonds and the rest split evenly
between domestic and intl stocks.  That's how new contributions and
reinvested dividends get automatically split.  I get a notice when any
of the allocations gets 5% off target, and I rebalance.  That's it.

> This is an investment strategy that is forbidden for the large volume
> of managed funds out there. Allowing it for the large portfolios
> would wreck total havoc with the markets. But for your own, private
> 401 you can go right ahead. Most funds have fixed ratios; 40:50:10 is
> pretty standard; 40% stocks, 50% bonds and 10 varying (cash, stocks,
> bonds).

Yes; if a trillion-dollar managed fund moved all of its assets from one
class to another, it could potentially _cause_ the shift that the
manager is trying to anticipate and would be considered (potentially
criminal) market manipulation.  There's a lot of clever things you can
get away with when you're too small to affect the market overall.

Index funds, of course, don't have that problem--unless large numbers of
people get in sync and move all their money from one set of indexes to
another set at the same time, which obviously isn't the index fund's
fault and wouldn't be market manipulation.  But as long as the advice
out there is so vague and contradictory, that doesn't seem likely.

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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#156612

FromLawrence Statton <lawrence@senguio.mx>
Date2016-01-13 19:05 -0600
Message-ID<87pox5nf62.fsf@redbull.i-did-not-set--mail-host-address--so-tickle-me>
In reply to#156588
Stephen Sprunk <stephen@sprunk.org> writes:
>
>> There are, in most places, also clear limits to how much of the fund 
>> payment that can go to buy the company shares; with limits on the
>> order of 15% or so.
>
> Even that is questionable to me; if your employer goes bankrupt, it's
> bad enough that you lose your income, but also 15% of your pension?
>

This is a case where a neutral fund manager would be to your
advantage -- if you work for ReallyStableCorp (I would like to think of
an example from today, but I can't) having 15% in your own company might
actually be a perfectly reasonable risk.

Imagine an extreme case thought experiment -- the fund manager has no
idea who the employers of the participants actually is -- they are
nothing more than account numbers.

If investing in the company that happened to employ you were a good
risk, for John Smith who works at OtherCorp, it should be a good risk
for you, too.  

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