Jean ValJean comments

Posted in: U.S. FDIC sues major banks over Libor manipulation See in context

Ya don't say....

1 ( +1 / -0 )

Posted in: West braces for Crimea vote to leave Ukraine See in context

It's kinda like South Texas deciding to secede and return to being Mexico again with its majority population ethnic Mexicans anyway.

1 ( +2 / -1 )

Posted in: Kerry, Merkel warn Russia not to annex Crimea See in context

The EUS leaders are hypocritical.

-1 ( +2 / -3 )

Posted in: Japanese-speaking 'Real Barbie' becomes serious model in Japan See in context

Yuck! Plastic life-size airhead!

0 ( +0 / -0 )

Posted in: Yoshinoya to raise price of gyudon by more than 3% See in context

Real inflation is likely to head into the 5% ~ 10% range. Recession Chapter 3 in the ongoing saga of dumb economics in Japan.

1 ( +3 / -2 )

Posted in: Tokyo Disneyland bans all fur items See in context

I have images of Raquel Welch. Yowzah!

Certain people dislike furs. That's fine, it's their personal choice. Other people dislike the droopy-pants crack-exposing style.

What's next PETA? Will leather be banned next? Will it stop when even grass skirts and coconut coverings become cruelty to plants? Lunatics.

3 ( +6 / -3 )

Posted in: U.S. workers sue McDonald's for stealing wages See in context

" Last August, thousands of workers went on strike at McDonald’s and other fast-food restaurants in 60 cities across the nation seeking a minimum wage of $15 an hour…"

Fastfood work is for unskilled laborers(read: high school part-timers, et al ) except managers. Hardly worthy of $15/hr to say "Would you like fries with that?"

But, unsurprisingly managers ask workers not to clock in, effectively defrauding the worker of scheduled worktime.

0 ( +3 / -3 )

Posted in: Ministry to name firms refusing to raise wages See in context

What is it called when there are centrally planned wage/price controls again? Oh, right, free market? Nah. Try totalitarianism.

5 ( +11 / -6 )

Posted in: Wild theories fill void left by missing Malaysian plane See in context

It looks more and more like it may have been hijacked and may have been flown to some yet unknown location.

0 ( +0 / -0 )

Posted in: Amari hints at action against companies that don't increase wages See in context

" I wonder how far the 'true' free-marketers would go? A return to child-labour? Unrestricted immigration? Nobody will ever see true 'free' markets and thankfully so."

Delirium.

-2 ( +2 / -4 )

Posted in: Amari hints at action against companies that don't increase wages See in context

" Unbridled capitalism is just as devoid of logic. As I said, extremes are never good."

The logical and economic fallacy is quite astounding.

1 ( +2 / -1 )

Posted in: Amari hints at action against companies that don't increase wages See in context

@strangerland, true communism fails too quickly to even be seen as it's so devoid of logic.

Read this:

http://econlib.org/library/Enc/FreeMarket.html

1 ( +3 / -2 )

Posted in: Amari hints at action against companies that don't increase wages See in context

Hey! Don't insult the yaks by comparing politicians to them. That's below the belt.

" free market doesn't mean anarchy" No, you mean chaos, not anarchy.

" Free market economics are a failure. They don't work." Absolute rubbish! You've never seen true free market economics. All you've seen is crony-capitalism, the illegitimate sibling of mercantilism proclaimed by the unknowing as "free market ".

Read this:

http://econlib.org/library/Enc/FreeMarket.html

2 ( +4 / -2 )

Posted in: Major firms bow to Abe's request to raise wages See in context

" Half of the working phleps are not worth what they get paid anyway."

StormR, I agree with most of the rest of your post, but not the last. Though surely there are parasitic types in the mix, saying it's half is outlandish. If you're referring to public sector workers that's more likely, but less so in private sector(productive).

1 ( +2 / -1 )

Posted in: Major firms bow to Abe's request to raise wages See in context

" rickyvee at Mar. 13, 2014 - 09:29AM JST my company has always given me a pay raise of 3,000 yen a month every year. i used to think that that was pitiful, but now i realize that i was better off than a majority of workers in japan. yahoooo!"

You're talking about a longevity / performance increase, but this is about a base salary increase. For many companies there have been no base level increases at all for a decade, and companies have also revised their employment contract structures to actually require more work time for new, LOWER payscale structures which means actually working more for less, and some of those companies have also created schemes to reduce the workplace quality of life especially for the legacy workers in efforts to discourage the more senior employees from staying. Out with the old, in with the newer lower-paid workers which has also reduced the availability of "extra work" on which the annual (not semi-annual) bonus is based.

0 ( +1 / -1 )

Posted in: Major firms bow to Abe's request to raise wages See in context

" The seemingly small wage hikes are a major development in a country that has suffered deflation for years, meaning consumers rarely face higher prices for everyday goods.

… Tokyo is making headway in stoking lasting inflation, which would lead to higher prices.

Consumers are also getting set for a sales tax rise to 8% on April 1, up from 5%. "

Utter STUPIDITY on Abe and his idiot cronies's part!

The meager wage rises will not even make a scratch in the real quality of life DECREASES that have already begun! The pittance of wage increases will FIRST be subject to revenue tax increases(more of the little people's money in his pocket to waste by things like loan guarantees to PLA and amakudari pet projects) AND the rising cost of imports really mean the people have LESS money available to spend on non-essentials as the real cost of ESSENTIALS have far outpaced the wage rise.

How many economic fallacies can Abe roll into one giant economic blunder? Un-flipping-believable!

7 ( +8 / -1 )

Posted in: Construction crunch slows Tohoku rebuilding See in context

" The priority placed on big infrastructure such as sea walls is slowing the rebuilding of homes and communities while failing to address the region’s longer term decline as younger residents leave and the population shrinks and ages…"

Centrally-planned debacle. Public works projects always misdirect resources and labor at the expense of expropriated taxes that could have been available otherwise.

Must read: Henry Hazlitt - Economics in One Lesson.

0 ( +2 / -2 )

Posted in: Mini-skirt turbulence at Skymark Airlines See in context

For a short time there was Hooter's Air which boasted two actual Hooter's girls in the cabin in Hooter's attire in addition to the standardly clad cabin attendants. Unfortunately, it failed after hurricanes Rita and Katrina and the fuel cost increases.

I'd book on Skymark if they served some of Hooter's Buffalo Wings.

5 ( +7 / -2 )

Posted in: Wild theories fill void left by missing Malaysian plane See in context

With the absence of physical evidence, people are left to speculation which also reveals a growing distrust in authorities. Add to that the many sci-fi half-truths and superstitions, and you get the elven hijacking. Another (extremely remote) possibility is that the aircraft inadvertently passed through a rift in the space-time continuum, a portal to a parallel dimension...

No, I don't believe any of those cockamamy stories. Eventually, the truth will surface. It may have crashed at very high speed into a dense jungle and been obliterated.

0 ( +2 / -2 )

Posted in: Colorado collects $2 mil in recreational marijuana taxes See in context

" A sad state of affairs in Colorado when it accepts blood money from proceeds from a gateway drug/poison that has killed hundreds of thousands of people."

You don't actually believe such tripe, do you? Were you forced to watch "Reefer Madness" on a daily basis?

Not only should usage be fully legalized, but cultivation for personal use should also be legalized. Most would probably choose to buy it and pay the crazy taxes anyway.

3 ( +3 / -0 )

Posted in: Hoping to isolate Russia, U.S. woos China on Ukraine See in context

Desperate man grasping at straws. Terrific foreign policy.

-2 ( +1 / -3 )

Posted in: Japanese economic growth slows as sales tax hike looms See in context

fxgai, first let me make it clear: there IS no "free" lunch. EVERY currency unit spent by government is the same currency unit taken from someone( or some business) at its current value which could have been put to some use by its former owner.

" In the absence of sales tax, how is the government is going to have a hope of paying for everything it's already paying for (even though they are spending two times revenue)? They seem to be aiming for a subtle (at first) inflation escape route, but to me a sales tax hike, which hits the people who voted for the politicians who brought this mess upon themselves, is not out of order."

As you yourself stated, the government's expenditures already far exceed its revenue. Without sales tax the government of Japan existed for a long time, BTW. They cannot and will not ever be able to pay for everything they've already promised. It's called "default", which is the reality that is coming regardless of sales tax.

Do you have confidence in Japan's debt load?

0 ( +0 / -0 )

Posted in: Japanese economic growth slows as sales tax hike looms See in context

" The solution is simple: kill the tax hike, accelerate the reforms and keep the stimulus going."

You got the first part half-right. Repeal all sales tax.

1 ( +1 / -0 )

Posted in: Japan racks up record deficit; lowers growth estimate See in context

" How else does a country with a sovereign fiat currency issue its currency, if not by "thin air"? Have you ever wondered about that?"

The logical conclusion to this fiat currency experiment will end as all others have; the majority of people will be left holding nothing, not even worthless paper while the most wealthy will have hedged their bets on things with intrinsic value. Note that despite the economic downturn since 2007, sales of top luxury items (e.g. Rolls-Royce, jewels, art, etc.) have increased.

Abomonomics is hastening the precipitious collapse of the Japanese currency. Only the coins will have any value: their melt value.

Abe and his apologists just rammed the huge iceberg that was dead ahead and of which only a few were warning.

1 ( +2 / -1 )

Posted in: Lawson to raise base pay for first time in 12 years See in context

Wow, a 1% base-up raise. With everything becoming 3% more expensive, that means with the corresponding increase in income tax and other taxes the workers will still be about 3% poorer. Thanks Abe!

3 ( +4 / -1 )

Posted in: Searchers fail to find any trace of missing Malaysia Airlines plane See in context

Fadamor, good points except that when a mechanical problem arises, communication becomes a priority as well.

The fact that a debris field haa yet to be spotted indicates to me: A: the search is in the wrong area B: the aircraft crashed into a dense, remote jungle Or C: the aircraft is intact at the bottom of the sea somewhere or in some airfield.

The supposition of having been shot down or exploded midair would create a significant debris field which has yet to be identified.

0 ( +0 / -0 )

Posted in: Taliban pledge violent campaign to disrupt Afghan election See in context

“It is the religious obligation of every Afghan to fulfil their duty by foiling the latest plot of the invaders that is guised in the garb of elections.”

Since any form of freedom is anathema to these Islamic extremists, is that any surprise? They'd prefer to remain in the Dark Ages.

" NATO combat troops will withdraw from the country by the end of 2014 after 13 years of fighting a fierce Islamist insurgency that erupted when the Taliban were ousted from power after the 9/11 attacks on the United States."

How many of the alleged 9-11 terrorists were Afghans again?

0 ( +0 / -0 )

Posted in: World Wide Web turns 25 years old See in context

The NSA and their ilk are the biggest threat to the Internet.

-1 ( +1 / -2 )

Posted in: Japan racks up record deficit; lowers growth estimate See in context

Where are the usual Abomonomics apologists to defend the genius 3-arrows thru the head swindle? Oh, right, too busy massaging the numbers and creating excuses.

7 ( +10 / -3 )

Posted in: Searchers fail to find any trace of missing Malaysia Airlines plane See in context

A Malaysian official has announced that no physical evidence of the missing aircraft has been found yet, including the door mentioned in the article.

0 ( +0 / -0 )

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