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by Tyler Durden

Mon, 08/06/2018 - 20:30

"Their Wealth Has Vanished": Baby Boomers File For Bankruptcy In Droves

An alarming number of older Americans are being forced into bankruptcy, as the rate of people 65 and older who have filed has never been higher - at three times what it was in 1991, while the rate of bankruptcies among Americans age 65 and older has more than doubled, according to a new study by the The Bankruptcy Project.

Older Americans are increasingly likely to file consumer bankruptcy, and their representation among those in bankruptcy has never been higher. Using data from the Consumer Bankruptcy Project, we find more than a two-fold increase in the rate at which older Americans (age 65 and over) file for bankruptcy and an almost five-fold increase in the percentage of older persons in the U.S. bankruptcy system. The magnitude of growth in older Americans in bankruptcy is so large that the broader trend of an aging U.S. population can explain only a small portion of the effect.

The median senior filing bankruptcy enters the system $17,390 in debt, vs. an average net worth of $250,000 for their non-bankrupt peers.

According to the study, a three-decade shift of financial risk from government and employers to individuals is at fault, as aging Americans are dealing with longer waits for full Social Security benefits, 401(k) plans replacing employer-provided pensions and more out-of-pocket spending on items such as health care.

https:// www.zerohedge.com/news/2018-08-06/their-wealth-has-vanished-baby-boomers-filing-bankruptcy-droves

The Nuclear Option: Washington (Com)Post No Longer Pretending to Be Fair or Unbiased

Since nobody else takes The Washington Post seriously anymore, the newspaper of record for The Swamp has had to pick up the slack and take itself even more seriously.

The (com) Post has become consumed by hatred of President Trump, its reporting having turned so distorted and delusional that the paper can no longer separate just the facts from “fake news.”

No longer pretending to be fair or unbiased, the (com) Post has lustily joined the zany campaign to destroy the president and portray his administration as some kind of criminal enterprise. The (com) Post should change its name to “The Gaslight Gazette.” Instead, the paper came up with a new slogan for their rabidly anti-Trump coverage.

“Democracy Dies in Darkness.” It is not clear where the “darkness” comes since the Trump administration is nothing short of a constant supernova of news.

Perhaps, “darkness” is a funny reference to their own deluded stupidity. “Democracy Dies in Dimwittedness” would be a better slogan.

But still, the (com) Post is giving itself far too much credit. Honestly, Democracy does not really give a crap what the (com) Post has to say about anything. Democracy canceled its subscription to the (com) Post long ago.

President Trump, meanwhile, cannot help himself but to tangle with the dimwits.

“Enemy of the People!” he declares. This, of course, draws unbridled hysterics from the media, clinging wildly to their own delusions of grandeur.

Nobody has come to pieces more spectacularly than Jim Acosta of CNN, the formerly admired global news network now presidentially derided as “fake news.

Mr. Acosta, formerly an adult reporter who now plays a clueless whiney child on daytime television, got flipped off and yelled at during a recent Trump rally and came unglued. The next day Mr. Acosta turned the globally televised White House press briefing into his own personal therapy session.

After White House spokeswoman Sarah Huckabee Sanders delivered a poised, thoughtful and balanced critique of the press, Mr. Acosta went into full-blown therapy meltdown.

“I think it would be a good thing if you were to say right here at this briefing that the press, the people who are gathered in this room right now, are doing their jobs every day,” he squealed with overwrought (and ridiculously undeserved) righteous indignation. “I — I — I think we deserve that!”

With kindness, yet the understandable firmness of Nurse Ratched in “One Flew Over the Cuckoo’s Nest,” Mrs. Sanders replied calmly: “I appreciate your passion.”

Oh, As the Press Turns!

As sad a spectacle as Mr. Acosta has become, perhaps no one in the press is as harebrained and hyperventilating as Bret Stephens, who left a legitimate paper to join The New York Times so that he could become part of the unflinching Never Trump media.

Mr. Stephens recently wrote a column making the spectacular leap from Mr. Trump’s legitimate criticisms of the press — to all-out bloodshed in the streets.

https:// www.breitbart.com/big-government/2018/08/06/the-nuclear-option-washington-compost-no-longer-pretending-to-be-fair-or-unbiased/

Jim Acosta Is a Propagandist, Not a Reporter

August 6, 2018 | Categories: Guest Contributions | Tags: | Print This Article Print This Article

Jim Acosta Is a Propagandist, Not a Reporter

The presstitues are without any doubt an enemy of the American people. The presstitues are working hand in glove with the military/security complex and the DNC to overturn the votes of the American people in the last presidenial election. Nowhere in the presstitute media—not in CNN, MSNBC, NPR, New York Times, Washington Post or any of the rest of the presstitutes can be found an ounce of integrity. All the propagandists do is to lie through their teeth. There is no group anywhere on earth that deserves less respect than the American print and TV media.

https://ijr.com/2018/08/1113821-sanders-refuses-acostas-demand-press-not-enemy-of-people/?utm_campaign=Conservative%20Daily&utm_source=hs_email&utm_medium=email&utm_content=64980945&_hsenc=p2ANqtz-8ycjAPGxBhH9wlGuyh9W4meQfBwmVIC90NCPREbyMtDPH5xKVOYKMa1jpk10Ye-8VMcTo7lemJ8S6Ncihn87GBB3WT3A&_hsmi=64980945

President Trump Reinstates Phase-1 of Iran Sanctions…

Posted on August 6, 2018 by sundance

Today the White House ends the initial 90-day period for the JCPOA withdrawal, and reveals the structure of the reinstatement of U.S. sanctions against Iran.

White House: REIMPOSING TOUGH SANCTIONS: President Donald J. Trump’s Administration is taking action to reimpose sanctions lifted under the Joint Comprehensive Plan of Action (JCPOA).

♦President Trump made clear when he ended United States participation in the JCPOA that his Administration would be reimposing tough sanctions on the Iranian regime.

♦In connection with the withdrawal from the JCPOA, the Administration laid out two wind-down periods of 90 days and 180 days for business activities in or involving Iran.

♦Consistent with President Trump’s decision, the Administration will be reimposing specified sanctions after August 6, the final day of the 90-day wind-down period.

On August 7, sanctions will be reimposed on:

•The purchase or acquisition of United States bank notes by the Government of Iran.

•Iran’s trade in gold and other precious metals.

•Graphite, aluminum, steel, coal, and software used in industrial processes.

•Transactions related to the Iranian rial.

•Activities relating to Iran’s issuance of sovereign debt

•Iran’s automotive sector.

The remaining sanctions will be reimposed on November 5, including sanctions on:

•Iran’s port operators and energy, shipping, and shipbuilding sectors.

•Iran’s petroleum-related transactions.

•Transactions by foreign financial institutions with the Central Bank of Iran.

The Administration will also relist hundreds of individuals, entities, vessels, and aircraft that were previously included on sanctions lists.

♦ ENSURING FULL ENFORCEMENT: President Trump will continue to stand up to the Iranian regime’s aggression, and the United States will fully enforce the reimposed sanctions.

The Iranian regime has exploited the global financial system to fund its malign activities.

The regime has used this funding to support terrorism, promote ruthless regimes, destabilize the region, and abuse the human rights of its own people.

The Trump Administration intends to fully enforce the sanctions reimposed against Iran, and those who fail to wind down activities with Iran risk severe consequences.

Since the President announced his decision on May 8 to withdraw from the JCPOA, the Administration has sanctioned 38 Iran-related targets in six separate actions.

♦ PROTECTING OUR NATIONAL SECURITY: The JCPOA was defective at its core and failed to guarantee the safety of the American people.

President Trump’s decision to withdraw from the Iran deal upheld his highest obligation: to protect the safety and security of the American people.

The Iranian regime only grew more aggressive under the cover of the JCPOA and was given access to more resources to pursue its malign activities.

The regime continues to threaten the United States and our allies, exploit the international financial system, and support terrorism and foreign proxies.

The Administration is working with allies to bring pressure on the Iranian regime to achieve an agreement that denies all paths to a nuclear weapon and addresses other malign activities.

https://theconservativetreehouse.com/2018/08/06/president-trump-reinstates-phase-1-of-iran-sanctions/#more-152603