tag:blogger.com,1999:blog-1522121129844880066.post6206485131531299858..comments2023-10-24T11:23:31.580-04:00Comments on Le·gal In·sur·rec·tion: It Isn't Just a River in Egypt AnymoreWilliam A. Jacobsonhttp://www.blogger.com/profile/16433685588536441422noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1522121129844880066.post-48937794252354060942010-12-24T19:48:32.008-05:002010-12-24T19:48:32.008-05:001) How long can France and Spain sit on unfunded p...1) How long can France and Spain sit on unfunded pensions before they run dry? <br />2) If Europe goes south, will China bail them out? Why would China bail them out? <br />3) How long can WE sit on unfunded pensions before the system collapses here?Van Halenhttps://www.blogger.com/profile/16636153816814457813noreply@blogger.comtag:blogger.com,1999:blog-1522121129844880066.post-60982559166660833362010-12-24T17:24:25.055-05:002010-12-24T17:24:25.055-05:00I'm sure you have lots of good ideas about pla...I'm sure you have lots of good ideas about places to visit. But if you want to take a break in the 6th arrondissement, you might want to check out Le Procope. <br /><br />Le Procope is supposed to be the oldest cafe (now restaurant) in Paris. Lots of historic figures have hung out there, including Thomas Jefferson, Ben Franklin, Robespierre, Napolean and Voltaire.<br /><br />There's so much to see and do in Paris. Enjoy your visit.MaggotAtBroad&Wallhttps://www.blogger.com/profile/04493406951892285654noreply@blogger.comtag:blogger.com,1999:blog-1522121129844880066.post-27476393402893195802010-12-24T16:33:08.849-05:002010-12-24T16:33:08.849-05:00GOodness, when I saw the "my boyfriend" ...GOodness, when I saw the "my boyfriend" part, I thought "Oh no! Is Bill gay?!!" <br /><br />But then I read further down and saw the Kathleen McCaffrey part.<br /><br />Whew!Lucashttps://www.blogger.com/profile/02515186017263921231noreply@blogger.comtag:blogger.com,1999:blog-1522121129844880066.post-42290578982929245052010-12-24T16:06:04.432-05:002010-12-24T16:06:04.432-05:00A close friend and his companion recently returned...A close friend and his companion recently returned to the US, having spent nearly a decade on his boat, first sailing across the Atlantic after his retirement from his law practice, and then living on the boat in various places, including a considerable amount of time in Greece and Turkey.<br /><br />We kept in touch, but did not really get into details about the social and economic conditions, or the politics of places they were staying.<br /><br />Last night, we got on the phone and exchanged Christmas greetings, and I asked him if the problems in places like Greece were foreseeable from his perspective while they were living over there.<br /><br />He said absolutely. For one thing, he pointed out that revenues are always vastly over-projected. Greece has an income tax, but he said no one pays it. He said their view is that anyone who pays it is a sucker. He said the same is true to some extent in Turkey. So official borrowing for bonding, to the extent it may rely on a base of revenue projections, is often a joke in the making. During an economic downturn, things can quickly go south.<br /><br />Greece is one thing . . . as is Portugal. But if nations such as Spain, and as you suggest France, are showing signs of instability, the EU sould be in the tank for a considerable amount of time to come. Relying on borrowing from pension funds is an iffy proposition to begin with.Trochilushttps://www.blogger.com/profile/07661310034696479920noreply@blogger.comtag:blogger.com,1999:blog-1522121129844880066.post-34440379426764982292010-12-24T16:01:35.067-05:002010-12-24T16:01:35.067-05:00Why pick on Panama?Why pick on Panama?lhttps://www.blogger.com/profile/05329025378677523718noreply@blogger.com