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 Author Thread: Banks and the financial system
 ed bear
Joined: 5/19/2007
Msg: 104 (view)
 
Banks and the financial system
Posted: 3/6/2014 1:54:57 AM
I guess that's why one so rarely sees a house being driven off its lot.

Seriously, houses tend to go DOWN in value, particularly when new. LAND, or the right to build on it, tends to go UP in value (though they are free to fall, as when there is a nearby natural disaster or economic crash). "You're buying dirt" is what Real-Estate Pimps call it. Condos don't go up much compared to detached or semi-detached homes because so little of their value is their tiny allocation of dirt; that's why new condos commonly fall in value for a year or two.
* * *
For all the people designing formulae for compounding risk, forget it. Nobody will take a mortgaged asset as security for its full value. When credit is sought, piggybacked debt must be disclosed and discounted.

It was specifically allowing that sort of thing to start happening due to more sophisticated "securitization" that multiplied the risk by 2008. Bad deregulation, separation of risk from profit, and misrepresentation of risk.
* * *
Now, on the other hand - inflation IS related to the money supply. (among other things)
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 229 (view)
 
dating without motorcycle
Posted: 3/6/2014 1:41:16 AM
I was at a City Planning meeting her in Vancouver, and in the discussion of parking issues one councilor took off on the complaints he got about noisy unmuffled bikes at night. I reminded him that parking for daytime visitors was not related to nocturnal noisemakers, and as he left I invited him to listen to my bike at the sidewalk outside. (It's a Suzuki Bandit 1200, a 4-cylinder streetbike)

We walked the 25 steps or so to the bike and I apologized to him that I'd already started it before seeking him at the exit. He didn't hear it over the street traffic even when we were standing by it.

Nobody notices the bikes that don't make a lot of noise. That's why we put horns on them.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 91 (view)
 
What's the best way to deal with my FWB situation?
Posted: 3/6/2014 12:25:56 AM
Ah, thanks... seen that one.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 92 (view)
 
Banks and the financial system
Posted: 2/25/2014 12:00:46 AM
Banks aren't payday loan operations or loan sharks. They don't make unsecured loans (though they operate credit-card businesses that DO, charging astonishing interest rates - as do the payday loan operators and loan sharks). Callable business loans are not so simple, but the banks still make sure their debt is always covered.

Banks make a loan by demanding you provide security. They are not permitted to make unsecured loans because they have no upside profit; they only get fixed interest, and a small amount, to avoid risk.

When a bank makes a mortgage, it is in effect doing a hock - it gains legal control of the property (a lien) and is sort of conditionally selling it to you (like a pawn shop), and you have the right to buy it back with interest. Where you get the interest is your problem; if you don't pay, the bank still has your house and will sell it to recoup its cash. If your home's value threatens to fall below the amount owed, the bank will "call" your loan - pony up enough to cover the uncovered amount or get foreclosed right now. Callable business loans, too, take action immediately if the bank thinks the business isn't going to make it, and the banks will close a still-profitable operation if they don't have confidence in its future, just to get what they can before things get worse.

The banks aren't creating money. They are trading value - cash for the security - in a reversible transaction where they get a fee. The client come in with a house, which already has value, and the bank comes in with cash. Only if the house burns down is the value destroyed - and that's why you are required to insure secured property like houses and cars. It's why buying a car on credit not only screws you for the interest, it requires you to over-insure, as it's VERY easy for a car to devalue below its outstanding loan amount. Not so much for a house.

If you borrow money, buy a house, rent it and make money, you are bringing in the wealth you need to pay back the interest; you are creating (rental) value by putting the place on the market to be rented, rather than just sitting in it as it consumes money for maintenance and all the other costs. If you buy a sewing machine and start making clothes and selling them, you are creating value - the clothes.

Printing cash or issuing IOUs (bonds, certificates of deposit, etc.) does not create or destroy value.

In both the S&L and investment-banking disasters, the sensible banking rules were voided and warnings ignored, or pushed aside "to enable freer wealth creation," but all that was created was bad debt. The shysters who sold them got their money even if both the lenders and borrowers ended up bled dry. They lobbied for it, they got it, and they ran off with a generation's life's work of value.

That's why I agree with Buffett - nobody's going to give up those ill-gotten gains unless they're forced to.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 87 (view)
 
What's the best way to deal with my FWB situation?
Posted: 2/24/2014 11:12:39 PM
drinkthesunwithmyface: It would help if you mentioned the film's NAME! Not everyone is able to stream video.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 48 (view)
 
When people don't leave their profession
Posted: 2/17/2014 9:56:01 AM
"Sales," "business owner" and "self-employed" can be feast-and-famine, all feast, or all famine. Some people have low incomes but huge stacks of cash. For financial solvency, the government stats people tell us it's INVESTMENT income, not EARNED income, that matters.

While I don't like having financial info on file at a dating site - I never provided mine to PoF, which is why I haven't been able to update my profile for years - I think questions about debt or asset levels, as well as non-earned income, would be more important. The person with the paid-off home and solid portfolio can have a much better life than the type-A hustler deep in debt and liabilities (dependents, addictions, front-end-loaded careers).

"What's your financial bottom line?
A: >$100K US debt
B: $50-100K US debt
C: $10-50K US debt
D: less than $10K US debt
E: no significant debt or assets
F: less than $10K US assets
G: $50-100K US asets
H: >$100K US assets"

Sound interesting? Remember -

Charles D1ckens is pictured at the age of 48

1. Mr Micawber's famous, and oft-quoted, recipe for happiness:

"Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness.
Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

Charles D!ckens, David Copperfield

And equally important - "Do you shop for entertainment or pleasure? (not either/or)"

ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 45 (view)
 
Banks and the financial system
Posted: 2/17/2014 9:33:33 AM
Demigod1979: You've got it wrong, and Igor has it right, this time.

"Money" is not the whole economy. Wealth is grown as food, mined from the earth, made with labour, provided with as services. Anything that someone else will give you something or do something for is wealth that has value. The actual cash really only comes into it as an exchange medium when the guy with the oysters doesn't want the cigars the oyster-lover is making.

Most of the rest has been covered here pretty well; the long-term problem of the current economy is that there is STILL a huge amount of illusory wealth left over from bubble-blowing in the last two decades. It's all being juggled (or the chairs moved around) and nobody wants to be the one to catch it. There's no way to pay debt other than to stop spending until you earn enough. That has its own problems, of course.

At the dawn of the '90s, the dot-com boom and the "economy 2.0" fantasy made people willing to believe that technology was going to create things/services that people would be wiling to pay more and more for. (Of course, most of it was amassing wealth by making people unemployed so they couldn't pay anything at all.)

The dot-com boom went bust. Lots of people lost everything. The ones who got out in time, or who had one of the really functioning businesses, had lots of money- and a problem. They were used to massive returns on vapor - literally money for nothing - and they were too greedy to invest in anything that would simply return solid, safe profit. They also worried that all that loose debt and bankruptcy was going to drag down other businesses as a whole, and wanted a safe place to put their money.

So, at the end of the decade and the boom, they put their money into seemingly "real" assets - housing. "Safe as houses," the real-estate pimps always said, and people seem to always need a place to live. They bought real estate, and in the process drove up real-estate prices with demand, keeping them rolling in income as they'd hoped.

But those losses were still out there, still looking to be paid back. Businesses failed (save for construction) and people were unemployed. Did they need houses? Maybe - but almost everyone could rent, or downsize, share, move back into mom's or score a repossessed trailer. They could rent out part of their property, or all of it, to pay their housing bills.

Housing, though, is an UNFAIRLY PRIVILEGED INVESTMENT. It comes with tax breaks and the promise of ill-gotten inflationary gains, despite its long history of boom-and-bust with only the "bottom feeders" who had money during the busts to clean up. Since the construction industry needed more buyers for all the houses they were building to grab that greedy money, more liberal lending pushed people to buy what they couldn't afford and not let it earn anything; everyone fixated on the tax advantages without remembering that they were CONSUMING housing by living in it instead of renting it out. They were told that the more housing they had, the more they'd make.

They bought it.

Meanwhile, the perfectly sane and long-proven post-depression regulations that kept banks safe and solvent were done away with by deregulating gamesters (like those backing Gramm-Leach-Bliley) who said there would be new ways to amass money. There were - ways that provided no value, but simply grabbed from others.

While it was the oil price tripling that started the collapse, stopping the auto industry in its tracks, it was the huge bubble that made it a massive disaster. As everyone should remember form the Savings & Loan disaster, separating risk and profit guarantees failure for those stuck with the risk. And those who got away with the cash have no reason to give any of it back; that's why I think higher income taxes are necessary for long-term economic recovery.

Can people work and create wealth to pay back the money borrowed from the future? America's exemplary productive capacity can do that. But is isn't, because now the greedy money has freer trade, and can build things overseas. Since unemployed people can't buy them, they SELL them overseas as well. Suddenly, the American production machine is spinning in idle. Staving off bankruptcy by selling resources, government contracts and other productive entities offshore takes the public sector and resource wealth out of the equation.

And the political power of wealth has so far staved off restoration of regulation, restoration of income taxation, and criminal prosecution of those who took all the cash. How is buying insurance on loans you haven't made different from insuring a person you don't get any benefit from? You'd be motivated to secretly KILL that person, so it's illegal. But investment firms and investors ARE able to insure loans and then cause defaults to cash in - either by cutting supplies, screwing with management or in some cases actually paying the loan holders to pay a few days late - just enough to trigger the default.

Why is higher income tax critical? Because of all the borrowing, borrowing, borrowing that allowed massive high-end and corporate tax cuts. There's no argument that US income taxes have been reduced and made flatter. And giving all that cash to businesses and wealthy investors DID make them richer - but when the borrowed money has to be paid back, the lower tax rates mean that someone else will be bearing the burden.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 66 (view)
 
The Value of Sex
Posted: 2/17/2014 8:57:03 AM
While plenty of people treat Neil Strauss' "The Game" as a hookup manual, he is a serious journalist and the book was presented as a look inside the pick-up-artist community, not a hookup guide. He understood that many people are tempted by the promise of an instant answer to one of the most complex issues in human civilization's history, and wanted to shed light on that without people having to spend money on sleazy, cynical abusers and end up with diseases, kids and emotional disaster.

As for the rest - just reading this thread is yet another demonstration of how everyone sees everything differently, and those who declare their view the only right one will have to wait for the freshly-installed pope to wear out.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 53 (view)
 
What's the best way to deal with my FWB situation?
Posted: 2/17/2014 8:45:20 AM
Women aren't cows, and there's more to them than milk. Or cream.

This sounds like a case of two people liking each other but not being sure about commitment. How is FWB>relationship really different from dating>relationship? It is the natural progression of accepting another person. Or, if one learns one doesn't want to, progressing to not being anything more.

If the guy was more in the mood for a relationship, and you are now, too, say so and ask if he wants to try that. Don't forget to talk about what you want, what he wants, and how you want to deal with each other if it doesn't work out. There's a chance both of you were holding back in hopes of more than you were seeing, but you are seeing more now.

Is he someone you would be unhappy to lose as a friend? (Spending almost every day together is a good sign of enjoyment!)

Every relationship is a negotiation. Communicate and he honest with yourself and him.

EVERY FWB relationship really should include some agreement - or at least understanding - about how you will deal with either of you finding a lover and wanting exclusivity.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 29 (view)
 
Break up or give him a chance?
Posted: 2/17/2014 8:20:58 AM
I agree that this man is probably so used to beign alone that he wants to nail things down while he has some attention. But I don't think he's a Red Flag From Hell, necessarily.

Or, maybe, he's just buying into the social-religious conditioning crap that says everyone should be charging off to fill the pockets of the wedding industry at the earliest opportunity.

Virgins and other less-experienced types can be blown away by acceptance. (I know I still am!) I'd urge you to talk to him, say you like him but you need to discuss:

1. What you want out of your lives, and each other.

2. Some of the experiences and lessons YOU have learned, which he may not have had yet.

3, What you have seen in other peoples' relationships that you like, are repulsed or scared by, hope for or learned from.

4. Whether you are both cool with enjoying getting to know each other and worrying about the future later.

5. What your approaches to handling money are. (Which will include expectations of lifestyle and whether it's a one-income scenario.)

Just keep telling him you like him and won't run away if he doesn't get a ring on it right away.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 64 (view)
 
Worst Valentine's Day ever
Posted: 2/17/2014 8:07:11 AM
I'm only saying this because all the negative things have already been said:

Hey, Bell Tresor, congrats on getting a date for Valentine's day!
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 19 (view)
 
Is it normal is obsess?
Posted: 2/17/2014 7:54:26 AM
This is a dating website. Everyone here is here because they are desperate. Desperate people obsess.

So, yes, it IS normal to obsess. Get used to it and try to recover as quickly as possible.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 18 (view)
 
Just ask ??
Posted: 2/17/2014 7:52:03 AM
I've found that "just ask" leads to evasion or no answer to what's been asked if one bothers to try. Such are people who like to have the advantage, I guess - show me what you've got before I bother offering you anything.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 59 (view)
 
These tips are spot on...
Posted: 2/17/2014 7:22:54 AM
I still can't figure out the "riding the short bus to school" remark, even though I saw the film.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 112 (view)
 
Are there any gentlemen out there?
Posted: 2/9/2014 3:50:48 AM
Folks, there are PLENTY of married couples who don't cohabit, and their marriages are not invalidated. People off at school, taking foreign jobs, in the military, up in space, or in long-term care. No reason to challenge their marriage, even if the only reason for separate rooms is snoring.

Now, the REAL injustice is the common-law compulsion - it's illegal to NOT be married and enjoy cohabitation, of course, because very woman "deserves" to be a wife.

Poppycock.
ED BEAR
(Not attacking those who WANT a common-law relationship, guys. I'm all about choice and not hurting other humans.)

(I'm a humanist - so sue me.)
 ed bear
Joined: 5/19/2007
Msg: 12 (view)
 
A girl I met for the first time on Sunday
Posted: 2/9/2014 3:29:53 AM
I know a guy who always opens a conversation with women by asking if they have a boyfriend. I owe him one for saving me from getting hopelessly hung up on the lady at the Japanese Restaurant who's always so sweet and welcoming.
ED BEAR

Edit: And yes, she DOES have a boyfriend.
 ed bear
Joined: 5/19/2007
Msg: 41 (view)
 
Post-First Date Call Situation
Posted: 2/6/2014 7:47:57 AM
Fur Chryne Oot Laud, what's so hard about this? She gave you the correct number when, if she wanted to ignore you, she could simply have never texted back. Even if she DID deliberately give the wrong number, why the heck would she - no matter how "nice" - bother replying to a guy she wanted to give the slip?

If she doesn't want you, she won't see you again. Until then, it's never too bad an ideal to listen to what someone is telling you.
ED BEAR

Ironic crack: Maybe she wanted to just make sure she had a date lined up for the 14th?
 ed bear
Joined: 5/19/2007
Msg: 31 (view)
 
something shocking
Posted: 2/6/2014 7:39:48 AM
I'm one more in the column labeled "What the heck is this guy talking about? What is he trying to say about it?"
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 30 (view)
 
Valentine's Day Question
Posted: 2/6/2014 7:34:35 AM
And then there's the all-too-obvious "wait and see how it's going, and as the day nears ask her politely if she would let you give her a little token, promising it would not be anything so over-the-top or expensive it would make her uncomfortable, despite their recent start?"
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 84 (view)
 
Are there any gentlemen out there?
Posted: 2/6/2014 7:30:26 AM
All of the flood of messages generalizing about "all men" or "all women" are bunk. Humans are diverse and varied. You can see that in every thread of responses to an "all men" or "all women" lament.

I've certainly never propositioned anyone for sex on a first date, or any time when things weren't already comfortable with snuggling and kissing at least. On the other hand, I've been contacted by Fishies who seemed incapable of talking about anything else - usually people with no real photos on their profiles (just cartoons or the like and the excuse that they had to put one up to message me) who were out to sell me some dubious "services."

As far as the insurance thing - as others have noted, if you're married and the premium's paid, you're insured. You're MARRIED. Love has nothing to do with the legal consequences of legal partnership. You don't need love to have a marriage any more than you need a marriage to have love.

I have certainly known quite a few people - especially Americans, who often have serious health insurance issues - who have stayed married for health insurance, vehicle insurance, mortgage, school access and other benefit issues. Some because their work and social lives demanded that they have a presentable Spouse Doll. One for the free air travel, too. People in the process of breaking up are often financially stressed or unemployed (both of those are big CAUSES of breakups, too!) and unable to assume full funding of a separate life.

Judging people by how other people act is never a useful plan. Pay attention to THEM - what they say, what they do and what they have done.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 9 (view)
 
Karen Carpenter
Posted: 2/6/2014 6:57:30 AM
I remember a CBC piece on anorexia that introduced us to a woman who, even as doctors warned her she was near death from self-starvation, took the news and photos of Karen Carpenter's death with a reaction that shocked ever her herself. She looked at the last photos of the tiny, shrunken human skeleton Carpenter had become just before death and heard her own thoughts in horror: "But she looks WONDERFUL!!!"
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 8 (view)
 
A girl I met for the first time on Sunday
Posted: 2/6/2014 6:25:59 AM
I always assume (until proven wrong) that a woman at work is NOT hitting on me by being pleasant, greeting me with recognition or smiling. They are in the unfortunate position of having to be nice to people who take it as an invitation to pitch them. Even those who genuinely enjoy their customers and are happy to see a familiar face in a tiresome day aren't likely to be looking to jump anyone's bones!

And if they start touching me, leaning wayyy over as they serve me (at counter or table) or using meaningless terms of endearment, I KNOW they're sucking up for tips and will really resent anyone dumb enough to take it as an invitation.

On the other hand, if I meet them in another social situation, I might read their behaviour in a slightly different light - because they can leave or not talk to me if they choose to. Or if a co-worker tells me that they really had a shine for me. (This has happened to me a few times, but always only after the person had stopped working there.)
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 11 (view)
 
These tips are spot on...
Posted: 2/6/2014 6:14:19 AM
Add me to the list of people who like strong, independent women. Specifically, I like complete, functioning people, not appendages or pets.

I expect that Ms. Copeland assumed that over-50 men would be Old-Guard types, but it was at least as easy for men to accept the changes in marital relationships that accompanied longer life-spans, birth control and female emancipation as it was for women. Many women felt that men were now being given anything they wanted but women were only losing support, even after they got jobs and Kicked The Bum Out. Many women were told that by their fellow (or elder) women, who would smile and say, "That's nice dear, but you only had to learn how to run a corporation and a city because YOU COULDN'T GET A MAN TO TAKE CARE OF YOU." Women still get hurt by this crap all the time.

Sure, men were told that they needed someone to cook and wash for them, but doing it themselves proved cheaper and more reliable, and slavery isn't really attractive to anyone, anyway. I can remember an aunt telling me I shouldn't offer to help with dishes after dining at my girlfriend's parents' house because "they'd think I was a sissy." I countered that they'd probably think I wasn't going to treat their little treasure like a scullery-maid from****ns.

Another quibble: Some men think it's really impressive to be constantly contacted by ostensible business activities, and some women actually agree. For a woman to show off having lots of business responsibilities, it's important to be sure she's not with a guy who DOESN'T like strong, independent women.
ED BEAR

Remember that great advice - "Become the man you want to marry."
 ed bear
Joined: 5/19/2007
Msg: 155 (view)
 
Where has Intimate encounter gone?
Posted: 2/2/2014 2:20:02 AM
All the "intimate encounter" and "other relationship" e-mails I ever got were from people trying to sell me "services" - mostly woo-woo sorts of energy therapies and fortune-telling. One wanted me to bankroll expanding their medical business in the Ph1ll1p1nes. And there was one single one that was obviously faked - someone thinking they were doing an "cheater check" on me. Almost completely illiterate, she stole another user's photo and created a profile claiming to have a PhD. It wasn't a good job.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 14 (view)
 
Vancouver women ranked pickiest daters in Canada
Posted: 2/2/2014 2:00:34 AM
Justagirlwithacat:

>I noted this too, "“There are more people in Vancouver online dating than anywhere in the world because one of the largest free sites Plenty of Fish is based here,” he said. “With a bigger pool, your odds of meeting a quality person are less, so screening is essential.”"

Gee - this seems to be saying that a bigger pool means having lower quality. Who's to say that the first people in the pool are always the best, so that it only gets diluted as more enter? That person's opinion doesn't seem well-thought-out.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 22 (view)
 
need some advice
Posted: 2/2/2014 1:45:39 AM
Comedy clubs are also a great way to explore each other values - see what you find funny and what offends you!
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 111 (view)
 
Instant Old Age
Posted: 2/2/2014 1:22:02 AM
I'm pro-science, in medical practice, drug therapy, nutrition and lifestyle.

Magnesium and Vitamin C are chemicals. (Magnesium is also an element.) They can both be used as drugs, though neither is regulated as such.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 6 (view)
 
Has attaching photos become a paid feature?
Posted: 1/28/2014 12:44:19 PM
Cowboy: Interesting, then, that clicking the "attach photos" link takes you to the subscription page, eh?
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 109 (view)
 
Instant Old Age
Posted: 1/28/2014 12:39:10 PM
I'm not going to get into arguments about specific nostrums for specific conditions, but MSM IS a chemical, and it IS a drug, though not regulated as such. ANYTHING that is taken to specifically produce health effects is a drug.

The anti-quackwatch site, which attacks scientific medicine as usual, is full of insult and invective, but its own text serves as a warning to us all about how much of the over-strained health-care dollar is expended on unproven treatments for undemonstrated problems. And it generously exhibits the self-serving bias it alleges in others.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 4 (view)
 
Has attaching photos become a paid feature?
Posted: 1/28/2014 12:17:44 PM
Ah, I thought it was still only private images that were restricted. Here we go again, with gender-dimorphic treatment of the Fishies. Images of men are repulsive and evil, but images of women draw more users, eh? Oh, and the repulsive and evil photos of men are okay as long as they're accompanied by cash, eh?

Since my account specifies mail with images, my correspondent's images were all attached with her messages, but she couldn't specify a specific one either. We've both been in the Pond for years, and pretty familiar with the features, but things do keep changing.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 1 (view)
 
Has attaching photos become a paid feature?
Posted: 1/28/2014 11:32:36 AM
At least since last week, I've been unable to attach images to messages. From either a profile page or when replying to a message, there is no option to do so. "Quick Message" from a profile page offers nothing, and when viewing a message and replying there is an "attach images" link that (like the "attach gifts" link) leads to the Send Money page.

Is this a bug or is there something else stopping me from attaching images? A correspondent replied that she couldn't, either. I will add that I have eight images, ALL public.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 27 (view)
 
Any other Motorcycle adventure folk out there?
Posted: 1/23/2014 2:52:25 AM
Ah - I understand. I only knew the Beemers as GS models, and not GSA ones. My, you DO have quite the stable - where do you keep them all?
Eww... envious! I haven't gotten onto a racetrack since '08.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 104 (view)
 
Instant Old Age
Posted: 1/23/2014 2:41:23 AM
Sure, I take vitamin C when I have a cold, and would consider D if I needed it. They're well-tested and proven. Foods as sources of nutrients and drugs are also often well-documented; they're not the ones lobbying against disclosure and regulation, either.

Salmon, Broccoli, Tea, Garlic and such all have very extensive regulations governing their manufacture and use. Not to mention any health claims.

And we know about the safe and less-than-safe use of these substances. Exactly as we do with statins, of course. Read and sue as directed. If in doubt, consult a physician or pharmacist.

Odd you'd mention sulfur, Peppermint - I never hear anything about sulfur supplements except from gardeners with mold problems. Is sulfur deficiency rampant?
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 20 (view)
 
Should I try again?
Posted: 1/20/2014 3:03:27 AM
Seriously, folks, anyone on a dating website should stop wasting time about whether they're seeming "desperate." If you're on a dating web-site, you ARE.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 102 (view)
 
Instant Old Age
Posted: 1/20/2014 2:01:58 AM
Peppermint Petuinias: "So a drug is better than ........ say adding veggies, omega 3's or mineral rich foods to your diet first?"

Maybe it is. Maybe it isn't. But there is little-to-no regulation or responsibility in the promotion of products not marketed as drugs as long as they are careful not to make claims on the packaging of their products they can't back up with science. (Those go in the self-help books, pamphlets and ads.)

A certain quick-to-litigate secret-formula cold-remedy peddler is still making claims based on a very small significant difference in hard-to-measure recovery times (less than a day - and exactly when do we declare the cold is over?) that have never been replicated, AND still fighting (last I looked) to continue putting other claims on their boxes (such as preventative benefits) that have had zero science or even explanation provided.

So I urge my fellows to question what drug companies say, read and ask questions, and hold non-medical remedy providers to the same standards. The latter have fought revelation and regulation tooth-and-nail, and have blocked a number of attempts to regulate them in the last decade.

"Alternative medicine" lobbyists in the US have consistently demanded that all drug products be 100% proven safe and effective within three months of introduction (pretty much impossible both theoretically and practically) and at the same time that all "alternative" products be completely unregulated if they can't be 100% proven dangerous in three months. Surprising?
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 97 (view)
 
Instant Old Age
Posted: 1/9/2014 11:45:21 PM
In Canada, one can advertise a drug ("talk to your doctor about Blitzemol," or the bouncing Viagra guy) or what it does ("do you have social anxiety disorder?" or "there may be a better medication if you're on Coumadin"), but not both in the same ad. The rules on freebies to doctors from drug reps have been dramatically tightened up in the last few years, and it's even hard to get permission to give away those simple pens with a company's name on them.

In Canada, almost all the pharmaceutical companies' money goes to getting approvals (including lobbying) and advertising. Transfer pricing to foreign parent manufacturers takes a bit, too. Precious little research done here, though we have strengths in vaccines and radiomedecine.

The excesses and greed exhibited by pharmaceutical companies is depressing and dispiriting. But their ethical standards far outstrip any detected in the "alternative medicine" camp, in my experience.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 1 (view)
 
Is Hockey Over?
Posted: 12/22/2013 3:04:13 AM
Well, we've seen some recent co-promotions and moaning about young people not sighing up for organized hockey. Of course, that doesn't mean that kids aren't playing on the ponds and parking lots, but the lesser leagues are worried that the spectre of crippled or brain-damaged children will make parents reluctant.

Now comes the blockbuster - a cable-TV conglomerate buyout of all TV hockey rights in Canada, with the CBC allowed to carry some games for up to four years as long as they allow the new owners to run the advertising and take the cash.

After that, we can expect the end of free-to-air NHL hockey broadcasts, possibly by slow shrinkage, and then pay hockey channels and pay-per-view gouging. Given that hockey is already too expensive for anyone but corporate bribe recipients to attend in person, particularly kids young enough to be hooked for life, who will care about it?

When I searched this forum (Sports) for existing threads about hockey before creating this one, I found none with any posts newer than June 2013!
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 108 (view)
 
Ted Cruz doesn't want to be a Canadian citizen.
Posted: 12/21/2013 8:21:45 PM
RPL55 took the time to attack me:

"EdBear said:

""Obama qualifies as a natural-born American. As far as I can tell, so does Cruz. Anything else is just partisan wrangling.'

"You have absolutely no idea what you are talking about, yet you pretend to have an opinion. Why?"

The latter is visibly specious, as anyone reading my opinions anywhere (and they are very visible on the Fish Forums) can tell you. The former is unsupported.

I was specifically avoiding double standards and wrangling. RPL55 has absolutely no reason for saying either than I "absolutely no idea what you are talking about" or that I can only "pretend" to have an opinion. I've been watching, reading and discussing political history for more than a half-century, and studied political science at an internationally-respected university. I don't say that proves I'm a genius, but I sure as heck don't think he can come up with anything to justify his ad-hominem attack.

I'll let him be judged on his own words, and just call him an a-hole without any evidence.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 89 (view)
 
Instant Old Age
Posted: 12/21/2013 7:47:26 PM
Huh? I don't see anyone here who accepts science-based medicine and is discouraging generic drug use.

We're getting a lot of arguments for and against "alternative" medicine and the like - coming in Petunia's case from just such a self-interested vendor as she is attacking. SHE is in a serious conflict of interest.

This thread's topic is the safe use (or not) of statin-class medications.

Science is a constant search, constant testing, and often refines, reverses or adds to existing knowledge. Some alternative therapies have been tested and accepted into common practise. This is not the case with "secret" formulae that cannot be tested, or are not made available for testing. Homeopathy (not naturopathy or other alternative therapies) is the most thoroughly debunked fraud in medical history, after over a century of failure.

Science is always willing to learn that assumptions are wrong and change practises. Homeopathy and the "cleanse brigades" are not.

Statins CAN save lives; they are measured, as has been noted, against morbidity and mortality rates, not just cholesterol levels. Like ALL medications - including "alternative ones" - they don't work for everybody and can have side effects. Every therapist has to monitor patients and decide whether a particular medication is beneficial, and if it is the best option for that patient. Telling people to watch for statin side effects is a Good Thing; telling everyone that it is a demon drug nobody should take is not.

As far as research and testing goes - to date - there is zero credible evidence that any "cleanse" is beneficial, other than for those specific items we have mentioned.

Extreme caloric restriction to lengthen life has demonstrated some success in humans, but data is sparse because the serious negative health effects have made it difficult to get approval for ethical trials; most of the data is from self-administered experimental subjects.

Oh - in PoF terms, almost every caloric-restriction trial in men has demonstrated chronic impotence among its serious negative health effects.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 650 (view)
 
Single (never married at all) men over 45
Posted: 12/21/2013 7:25:11 PM
Miss Ing: but did all your friends WANT to get married? Here in Canada, the eastern part of the country now sees new non-marital relationships outnumbering marriages. I've always wanted to be in a long-term relationship, but marriage isn't something I'd ever do to someone I loved. Made it as far as nine years and a bit, once.

Here in British Columbia, on Canada's west coast, they've stiffened the common-law rules that try to force marriage on those who chose not to - to the point that one year's cohabitation can lead to serious financial consequences for people who didn't want them. And it was retroactive, too, so people couldn't even move out.

This is the same paternalism that keeps the idea that women don't "need" good careers or equal pay alive (because they should have a man supporting them). The minister responsible even made really offensive remarks about what women should "expect" and "deserve" after shacking up for a year.

ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 39 (view)
 
Ted Cruz doesn't want to be a Canadian citizen.
Posted: 11/9/2013 11:18:21 AM
enigom: Funny how every developed country in the world has universal medical care that hasn't wrecked their economy, eh? Oh, right, except for the U.S.A. and the People's Republic of China.

Nobody says it's free. It's affordable and fair, though, and gives excellent health care. It does keep certain badly-run insurance organizations rich from taking money and then not providing coverage.

A health-care system is there to provide health care. It is not a side-effect of making money.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 53 (view)
 
Instant Old Age
Posted: 11/9/2013 11:09:43 AM
Peppermint Petunias, I don't think a "liver cleanse" would help you or anyone.

There is ZERO evidence that so-called "cleanses" do ANYTHING for the body, good or bad, other than sometimes give people dyspepsia.

There's NO medical authority that recognizes "cleanses" or fasting of any sort as beneficial. (I am excluding specific chelation for certain metals, particularly radioactive ones, which may be essential for specific contamination.)

Your liver and kidneys do all the cleansing in your system, and anything that has any effect on them makes them slower and weaker.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 7 (view)
 
Ted Cruz doesn't want to be a Canadian citizen.
Posted: 8/29/2013 7:26:44 AM
Thank you, Igor. Wat da man sed.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 4 (view)
 
Ted Cruz doesn't want to be a Canadian citizen.
Posted: 8/23/2013 2:06:03 AM
Obama qualifies as a natural-born American. As far as I can tell, so does Cruz. Anything else is just partisan wrangling.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 16 (view)
 
Meeting someone at a wedding
Posted: 8/23/2013 2:04:31 AM
If you are worried about problems, do some asking and thinking about what she wants in her life in the next few years, and after that. IF there are no conflicts with you - about kids, house-buying, travel, values - trying isn't going to be any harder than with anyone else.

I got to the age of 41 without ever having had an age gap bigger than a year between myself and an SO, though I have always felt that age discrimination was a bad idea. It just happened that way. Then I met someone much younger. It was a really rewarding time and experience, though I understood she could afford to spend a few years with someone and then try again a lot more easily than I.

It's you and her that matter. Communicate and listen.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 13 (view)
 
Self Help - Subject Matter: Women
Posted: 8/23/2013 1:55:15 AM
In my experience and judgment (limited as it must be), self-help books are exploitative products cranked out by people more into marketing than informing.

Beyond that, there is NO proper understanding of all humans because they are all different.

TALK TO THEM. LISTEN. THINK.

If you want to see the stereotypes everyone grows up on and then has to get past, just look in film and literature. Reading books about real people (or decently crafted fictional ones) will teach you more than any of the "self-help" quickie books written to contract deadlines and sold to people desperate enough to buy them.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 30 (view)
 
Dateless sad fish.
Posted: 8/23/2013 1:51:14 AM
Dude, you are a guy in a sea of guys circling a very few gals. Dating remains an unsolved problem. There's nothing personal in striking out here; it happens millions of times a day to guys.

And I'm sure the ladies often face the same, though there are many fewer of them, because most of the guys contacting them aren't at the top of the very large heap.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 16 (view)
 
my friend and me like each other but she has a boyfriend
Posted: 8/23/2013 1:42:39 AM
She's holding out for a guy who is hesitant about her and wants his ex back? You are on the backup pile. There are worse places to be, but until she turfs the top of the heap and reaches for you, her choice has been made and expressed to you.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 23 (view)
 
Keeps telling me I'm not allowed to contact this member
Posted: 7/12/2013 4:12:29 AM
The "meet me" system is completely brain-dead. Don't use it, and ignore messages generated by it.
Markus seems to have no interest in modifying it.
ED BEAR
 ed bear
Joined: 5/19/2007
Msg: 5 (view)
 
Fun Times
Posted: 7/12/2013 3:00:26 AM
There certainly is no shortage of people bouncing around on the beach, and they've been there for weeks.

Anyone into swimming should consider the great Kits Beach salt-water pool.

Admission $5.65, with ticket and pass discounts available.
Aquafit sessions M-W-F 6-7pm through most of August, no extra charge.
(There's a Saturday morning session, too, but you don't want to be in an outdoor pool in peak sun - burn city!)

Major drag: no free parking.
ED BEAR
 
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