Four Los Angeles retirees collected $1 million-plus pension payouts last year

Look, nobody doesn’t like fire fighters. My neighbors years ago were both fire fighters and they are very nice people. If God forbid one needs help one is always happy to see the engine roll up the street that is for sure.

But a million dollar pension payout? For one year? Let’s get real here. (Where I live we have volunteer fire fighters and they are top notch.)

(From Transparent California)

Four Los Angeles police and fire retirees collected over $1 million apiece in pension payouts last year,

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84% Of Hollywood Campaign Donations Have Gone To Hillary

Hollywood is an incestuous little town. A “liberal” boys club which too often appeals to the lowest common denominator. (And that can be pretty darn low.) It is a place where narratives are conjured and cultural norms are sold. It is a deeply political place. More political than many people realize.

Now I haven’t gone out and joined the Moral Majority (does that still exist?) or anything but I am amazed at the degree to which the American public,

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Wall Street heavyweight Carl Icahn says guys like him need “fiscal stimulus”, China puts Apple at risk

No more stimulus fiscal, monetary or otherwise.

But Icahn is right to be worried about the political risk in China Apple’s welcome in the country may be close to worn out, especially as domestic phone companies (remember China is the Ultimate Crony Capitalist State) increase market share in the country.

So the cronies are coming for Apple in China and Icahn wants the central bank cronies to give Wall Street another hit.

It is a crony world.

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More Than Half Of Prince’s Vast Estate Will Go To Taxes

All that work. All that wealth. Half will go to the government. That is a crying shame.

Was that a dove I just heard?

(From Buzzfeed News)

Without a will or any financial planning, experts say more than half of Prince’s vast estate will go to state and federal taxes.

Before Prince’s death, his estate — which includes property, music royalties, and other ventures — was widely estimated to be at least $100 million.

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Obama Admits Couldn’t “Convince Americans Of Recovery,” Bashes “The Big Short”

See you everyday Americans just don’t get it. I saved you. Me. The prez. You know – me. Me. That you make far less in real terms than you did when I took office? That 1 in 4  (at least) working age Americans aren’t working? All those people who dropped out of the unemployment numbers because they’ve been on unemployment for over 5 years? That we aren’t creating businesses anything like we used too?

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Detroit Schools ‘Misplace’ $30 Million from Feds for Pensions

(From For the Record)

The Detroit News reported this week that the U.S. Department of Education allegedly gave Detroit Public Schools $30 million to help it pay required contributions to an employee pension fund, but the school district never sent the money into the state-run system. The $30 million was supposed to cover pension contributions for DPS employees whose pay came from federal grants.

Click here for the article.

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Crony Capitalism and the Spigot of Government Subsidies

“I’m sorry Elon, but I can’t let you do that.”

(From Creators.com)

The SpaceX website says: “SpaceX designs, manufactures and launches advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to live on other planets.” U.S. taxpayers shouldn’t be on the hook for space travel and other ideas of private purpose that won’t benefit many, if any, taxpayers.

Musk is a billionaire many times over.

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