Retirement Means Having to Work in Current Economy – My Budget 360   “It is interesting that 25 percent of workers in their 50s don’t plan to retire and 34 percent of those 60 and older don’t plan on retiring.  In other words, the new retirement model is no retirement.  This puts a strain on younger workers that are currently funding Social Security with weaker job prospects and are set to support the largest population of old Americans ever.”

Government Motors (GM) Ramps Up Risky Subprime Auto Loans To Drive Sales – Investor’s Business Daily  “The automaker is relying increasingly on subprime loans, 10-Q financial reports shows.”  Didn’t the government encourage these types of loans in the housing sector a few years ago with terible results. Here we go again!

The Ph.D. Now Comes With Food Stamps: The Rise of Food Stamp Usage Among Those with Advanced Degrees – Chronicle of Higher Education  “Some are struggling to pay back student loans and cover basic living expenses as they submit scores of applications for a limited pool of full-time academic positions. Others are trying to raise families or pay for their children’s college expenses on the low and fluctuating pay they receive as professors off the tenure track, a group that now makes up 70 percent of faculties.”

Russia: Department of Homeland Security Gears Up for Civil Unrest Prior to Presidential Elections – TV-Novasti (Russia)  “The Department of Homeland Security has ordered masses of riot gear equipment to prepare for potential significant domestic riots at the Republican National Convention, Democratic National Convention and next year’s presidential inauguration. … The urgency of the order can be explained by the fact that there is a growing anticipation that many demonstrators will travel to the Republican National Convention (RNC), scheduled for August 27-30 in Tampa Bay, Florida, and Democratic National Convention (DNC), planned for September 3-6 in Charlotte, North Carolina.”

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