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Monthly Archives: May 2017
Donald Trump Applauds Win As Greg Gianforte Apologizes For Response To Liberal Journalist Trumpcare Question – Deadline
Posted: May 28, 2017 at 8:08 am
Only after winning Montanas special election for the states one seat in the House of Representatives did Greg Gianforte apologize for allegedly body slamming a reporter who had asked him a question about House-passed Trumpcare legislation.
Last night I learned a lesson; last night I made a mistake, Gianforte told his fans while taking his election victory lap.
And we forgive you! someone interrupted.
and I took an action that I cant take back, the politician continued, adding, Im not proud of what happened. I should not have responded in the way that I did, and for that Im sorry.I should not have treated that reporter that way. And for that Im sorry, Mr. Ben Jacobs.
But Gianforte had taken two actions on Thursday night: allegedly attacking Jacobs and then issuing a statement blaming the Guardian reporter for having caused Gianforte to allegedly attack the liberal journalist. Jacobs told CNNs Don Lemon the statement was in some ways far worse than the incident itself.
Within a period of hours, Gianforte was formally charged with assault and was elected Montanas new member of House of Representatives, beating Democratic folk singer Rob Quist with just over 50% of the vote. Media called the special election to replace Ryan Zinke, who now is Trumps Secretary of the Interior, an early test of Trumps popularity, which POTUS acknowledged in an unsolicited shout-out from the G7 summit in Italy. Great win in Montana! Trump said.
Veep Mike Pence spoke at slightly greater length, tweeting: Congrats on great win & gracious speech. Look forward to having you help @realDonaldTrump #MAGA
Here is Gianfortes official statement as to what occurred on the eve of the election:
Tonight, as Greg was giving a separate interview in a private office, The Guardians Ben Jacobs entered the office without permission, aggressively shoved a recorder in Gregs face, and began asking badgering questions, his office said in a statement after the candidate allegedly attacked the reporter. Jacobs was asked to leave. After asking Jacobs to lower the recorder, Jacobs declined. Greg then attempted to grab the phone that was pushed in his face. Jacobs grabbed Gregs wrist, and spun away from Greg, pushing them both to the ground. Its unfortunate that this aggressive behavior from a liberal journalist created this scene at our campaign volunteer BBQ.
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Extremism vs the liberal ideals – Prothom Alo (English)
Posted: at 8:08 am
Europes resolve is being tested by the extremists as they carry out a series of terrorist attacks in France, Germany and in the United Kingdom. Europe has been the traditional power house of development in the journey of human civilization for several centuries now and the honour was only shared by the US in the last one and now perhaps by China.
Europes history isnt just about worldwide empires and industrial revolution; its also about modernity as a whole. European countries gave birth to great things of human civilization like liberty, freedom, democracy, impartial administration, equality, peoples state i.e. republics, rule of law , human rights, media, civil society and also modern artistic and literary creativeness. As the law of the nature in erstwhile times, the stronger European nations created vast empires and colonies across the globe defeating the local kingdoms. But they spread these modern systems and ideas to those conquered places as well. Places like Asia, Africa and America wouldnt have seen all these in the times they encountered those if it was not for the Europeans.
The Europeans also took in a huge number of people from the countries they previously ruled. America did the same. And the immigrants, like the natives, now get all the amenities offered by these welfare states. It was a matter of great wonder for the people of the Orient and Africa that Europeans accepted people of oriental culture in their country with relative ease. In fact the ideas of multiculturalism and celebrating diversity have been the hallmark of European and North American liberal ideals over the last few decades. A sizable percentage of these immigrants were and, still are, Muslims and they form Muslim communities in those countries. Many families have lived in their adopted countries for more than a generation now. However, the same isnt really the case in the countries from where these Europe bound migrants originated.
Unfortunately, a section of these immigrant Muslim communities has embraced radicalism and carry out heinous terrorists acts in the countries where they live. In the process, these people are earning a bad name for their communities, the countries of their origin and Muslims worldwide. Now it seems that these radicals take advantage of European liberalism to live and spread their extreme ideologies and do everything to destroy those very liberal ideals that have allowed them to practice their faith and culture peacefully in the first place. The whole phenomenon has now turned out to be a complex and perplexing one. Its apparent that a sizable section hasnt embraced liberal ideals of Europe in the true spirit despite taking advantage of those. They are out there to spread hatred and violence with the aim of achieving an improbable and regressive Islamic theocracy in European countries.
The European governments are trying to tackle the situation as far as they can without undermining their liberal values. But its not easy. Nowadays a terrorist doesnt need guns or explosives. A suicidal terrorist can just drive a vehicle into a crowd and kill innocent people. Its about time the Muslim communities in Europe also take care of their community members and cooperate with the authorities to identify and deter radicalization and de-radicalize the already indoctrinated ones. Or else, it could be too late and they may eventually lose the degree of freedom, opportunities and welfare they had been enjoying in the liberal western societies so far like the other citizens. Every situation in the world is contingent upon certain explicit and tacit conditions of civility. If it is breached by one side, then its natural that others will eventually react. And that may not be a good thing to experience.
*Sarwar Jahan Chowdhury is a freelance contributor on politics, society and international relations. Currently, he works for BRAC Institute of Governance and Development, Dhaka, Bangladesh.
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The Trump administration wants us to think 2 + 2 = 5 – Los Angeles Times
Posted: at 8:08 am
The Trump administration got caught attempting to commit fake math last week. It didnt succeed.
Heres what happened: Every year, the president is required to send Congress a budget proposal, to lay out his wish list for taxes and spending. President Trump ordered up a plan that would lower taxes, increase military spending and balance the budget within 10 years, all without cutting Social Security or Medicare.
And thats what his budget director, Mick Mulvaney, delivered. But to meet his bosss unrealistic goals, Mulvaney produced a document that didnt make much sense.
Thats not just my view; its the view of fiscal experts in both parties, including several senior Republicans in Congress who quickly declared the presidents budget dead on arrival.
To reach Trumps target, Mulvaney assumed that the economy will grow by an average of 3% a year for the next decade, a rate higher than any mainstream forecast. And he cut spending deeply on almost every non-defense function, from cancer research to Medicaid and other programs for the poor.
Even Republicans said the cuts were unrealistic.
Meals on Wheels, even for some of us who are considered to be fiscal hawks, may be a bridge too far, said Mark Meadows, chairman of the achingly conservative House Freedom Caucus.
Then it got worse. Budget experts noticed an oddity in Mulvaneys arithmetic. The proposal estimated that his 3% growth in the economy would produce more than $2 trillion in increased tax revenue, helping to balance the budget. Most of that growth, in the administrations view, would be produced by the big tax cuts its seeking.
But the budget didnt mention the revenue that would be lost by the tax cuts a number that could reach, oh, $2 trillion or so. Instead, it listed the tax cuts as revenue neutral, meaning theyd produce as much revenue as they lost thanks, of course, to 3% growth.
In short, the White House counted the same $2 trillion twice once to pay for the tax cuts and once to reduce the deficit.
That wasnt the only oddity. The budget called for abolishing the estate tax, but nevertheless counted $330 billion of revenue from estate taxes. It called for funding Trumps wall on the border with Mexico, but provided less than 10% of what the Department of Homeland Security says a wall would cost.
Of course, the Trump administration and its allies have had problems with arithmetic before.
Theyve raged against the nonpartisan Congressional Budget Office, which last week estimated that the House Republicans healthcare bill would result in 23 million more people without health insurance and raise costs for millions more.
The [CBO] is simply incompatible with the Trump era, former House Speaker Newt Gingrich wrote with a double meaning that was presumably unintentional. It is a left-wing, corrupt, bureaucratic defender of big government. (The current CBO director was appointed by the Republican leaders of Congress.)
Trump officials have also contested the governments estimates of unemployment except when the number goes down, in which case they claim credit for the change.
Theyve claimed that Trump was the victim of widespread vote fraud on Election Day, despite the absence of evidence, arithmetical or otherwise. Theyre even spending federal money to investigate the problem.
And the president still thinks he drew the largest crowds in history to his inauguration, even though photographs and calculations prove him wrong.
This refusal to accept that 2+ 2 = 4 isnt ordinary political spin or the quirk of a former real estate developer who once promoted a 58-story building as offering 68 floors. The Trump administrations war on math is just one front in a broader war on facts including the new practice of dismissing any negative report as fake news.
And its strategic. Its aimed at avoiding accountability.
Trumps proudest claim, now that hes president, is that hes keeping the promises he made to voters in his campaign. Only he isnt. His unrealistic budget plan wont produce a balanced budget. The health care bill he backs wont cover everyone, wont reduce their costs, and wont protect Medicaid. The tax cuts he said would benefit the middle class would flow mostly to the wealthy instead.
Whats an embattled president to do when he cant deliver? Attack the scorekeepers whether they are journalists, the CBO, or the budgeteers.
Most people, however, arent buying what Trumps selling.
Being president, as Trump has complained, is harder than being a real estate promoter. Theres far more scrutiny.
In the case of the budget flimflam, for example, Trump may have outfoxed himself. One budget expert, former Senate Democratic aide Stan Collender, says the administrations unrealistic numbers have probably killed Republicans chances for passing a tax bill this year and maybe next year too.
If hes right, thats a big problem for Trump. Those tax cuts were the core of the presidents economic program, the key to producing anything like 3% growth. No tax cuts means no Trump bump. And voters would notice.
Trump is still waging his war on facts. But the facts are pushing back.
Twitter: @DoyleMcManus
Follow the Opinion section on Twitter @latimesopinion or Facebook
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The Trump administration wants us to think 2 + 2 = 5 - Los Angeles Times
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Liberal Fight Against Freedom Turns Violent – Star Parker – Townhall – Townhall
Posted: at 8:08 am
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Posted: May 24, 2017 12:01 AM
Intolerance, at times exploding into violence, is spreading throughout our society. And it's coming from the political left.
It's happening on college campuses. Most recently, students walked out on Vice President Mike Pence's commencement address at Notre Dame University.
Secretary of Education Betsy DeVos was interrupted by boos and jeers at her commencement address at historically black Bethune-Cookman University.
Conservative scholar Charles Murray was met with violent protests and physically assaulted at Middlebury College. Another conservative scholar, Heather MacDonald, was violently shut down in a presentation she was giving at Claremont McKenna College. These are just a couple examples.
Now it's spreading off college campuses with reports of violence and threats toward Republican members of congress, and their families, as they hold town halls in their districts.
A column in The Hill newspaper bears the headline, "Republicans fearing for their safety as anger, threats mount."
What is happening?
A recent commentary in Forbes Magazine from a London School of Business professor calls this "The Post-Truth World."
He describes a prevailing feeling of helplessness as individuals inhabit a world in which knowledge is, in general, exploding but each individual knows, relatively, less and less. And he points to a world in which business and politics are becoming increasingly interdependent.
New York University psychologist Jonathan Haidt attributes what's happening to a culture in which young people are not forced to deal with opposing viewpoints. This, says Haidt, is amplified by social media, which serves to reinforce existing biases.
But all this doesn't explain why the intolerance and violence is coming mainly from the political left.
A new survey from the Pew Research Center sheds light on this. Sixty-six percent of Republicans compared to 29 percent of Democrats say that a person is rich "because they worked harder than most people" rather than because of having personal advantages in life. This 37 percent difference in attitudes of Republicans and Democrats about why some people are rich is 12 points larger today than where it stood just three years ago in 2014.
Seventy-one percent of Democrats compared to 32 percent of Republicans say someone is poor because of "circumstances beyond a person's control," rather than because of "lack of effort." This 37 percent difference between Republicans and Democrats in attitudes regarding why someone is poor is 19 points larger than where it stood three years ago in 2014.
The nation is becoming increasingly polarized on the very fundamental question regarding the extent to which individuals have control over their own life.
Across the nation's whole population, 53 percent feel poverty is the result of circumstances beyond an individual's control compared to 34 percent who see poverty as the result of lack of effort.
What is the meaning of freedom in a country where more than half its citizens feel fate rather than choice governs their life?
Not surprisingly, for the first time in 8 years, according to Pew, more Americans (48 percent) say they want bigger government than say they want smaller government (45 percent).
Conservatives are exposed to the same cultural and technological forces as liberals. But it's not what comes from outside that determines human behavior. It's what comes from inside -- the individual's attitudes and approach to life.
Liberal mentality, increasingly dominated by moral relativism, produces a culture of victimhood. The victim sees life exclusively in political terms, seeing political power and government as the means to a better life, rather than freedom and personal responsibility.
With Republicans now in power, trying to restore economic vitality and fiscal balance by limiting government and expanding personal freedom, the left sees this as a threat, not an opportunity.
We all should be deeply troubled that, in the "land of the free and home of the brave," some are turning to violence to battle the prospect of becoming freer.
Obama-Appointed Federal Judge Tosses Benghazi Families'Lawsuit Against Hillary Clinton
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AF rolls out fiscal 2018 space budget – Aerotech News – Aerotech News (blog)
Posted: at 8:08 am
Air Force leaders met with media to discuss specifics of the services fiscal 2018 space investment budget at the Pentagon May 24, 2017. The request totals $7.75 billion, an approximately 20 percent increase from fiscal year 2017.
Dr. David Hardy, the acting deputy undersecretary of the Air Force for space, and Maj. Gen. Roger Teague, the director of space programs for the Office of the Assistant Secretary for Acquisition, highlighted the importance of the fiscal 2018 space budget to the nations security and the Air Forces strategic understanding of the space environment.
According to Hardy, for decades, the U.S. has enjoyed unimpeded freedom of action in the space domain. However, the global space domain is evolving and in the not too distant future, near-peer competitors will have the ability to put U.S. space assets at risk.
As in every other domain, when an adversary understands that something provides a strategic advantage they do two thingsmirror our capabilities and work strenuously to figure out means by which they can deny us, said Hardy. You can summarize the progress we have made over the last three budget cycles by saying we really do have a much firmer understanding of all the component parts that are required to build an overall resilient enterprise.
The Air Forces fiscal 2018 space budget emphasizes investments and improvements in future technology in three major focus areas: space superiority, space support to operations and assured access to space.
Teague explained the focus areas emphasize developing the resilient capabilities the Air Force needs to negate adversary actions and ensure America maintains the critical space capabilities required for national security.
Space is increasingly congested and contested, he said. With this evolving and changing environment, its increasingly critical we must ensure that our capabilities, our future capabilities, outpace the advances in space threats.
To gain and maintain space superiority, the Air Force plans to increase investments in advanced space situational awareness, counterspace and command and control. In addition, the service is committed to the continuation of investments in the Space Fence.
All of these capabilities are going to continue to enhance our ability to understand our operational environment, Teague said. We need to be able to command and control our space forces and capabilities to preserve freedom of operations as well as freedom of maneuver.
The Air Forces space support to operations is integral to combat, mobility and nuclear forces. The budget reflects this role with support to programs including the Space-Based Infrared System, Space Modernization Initiative, Tech Maturation and Cyber Security, space-based environmental monitoring and modernization of protected satellite communications.
To ensure the Air Forces ability to continue to own the high ground, the space budget provides funding for infrastructure, studies and analysis for the three evolved expendable launch vehicle launch services, which are competitive launch opportunities. The Air Force has a total of six launches planned for fiscal 2018.
Teague said the Air Force will continue to evolve the space enterprise to be more flexible, survivable and resilient to ensure the capability to provide space superiority across the spectrum of conflict for tomorrows highly contested environment.
We must, as the (chief of staff of the Air Force) has emphasized several times, normalize space as a war fighting domain and focus our efforts to outpace and defeat advanced, demonstrated and evolving threats, said Teague. (The) increases in investment will continue to be necessary to maintain our space superiority and our capabilities in FY 18 and in the future.
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Trump’s budget draws comparisons to Reagan – Washington Examiner
Posted: at 8:08 am
Leading fiscal conservatives are showering President Trump's first federal budget proposal with some of their highest praise: comparisons to Ronald Reagan.
"This is the most fiscally conservative budget since Reagan," Chris Edwards, director of tax policy studies at the Cato Institute and editor of Downsizing Government, told the Washington Examiner.
Grover Norquist, president of Americans for Tax Reform, called it a "very strong budget" and said it's what the 40th president himself would have submitted if he had both a Republican House and Senate. Democrats controlled the House for all eight years of the Reagan administration, one of the reasons conservatives cite for why even Reagan was unable to achieve enduring federal spending cuts.
Norquist then went a step further. "This is a Reaganite, limited-government, anti-waste and anti-duplication budget," he said. "It certainly makes those Republican critics who said that Trump would be a big-spending populist look like idiots."
Trump didn't run as a government-cutter during the campaign. He explicitly promised to leave Social Security and Medicare spending alone, which his first budget largely does. He campaigned on a populist platform emphasizing both economic and cultural solidarity with mostly white working-class voters.
Some Republicans argued that Trump was essentially a liberal, pointing to his past advocacy of a wealth tax and single-payer healthcare. Sen. Ted Cruz, R-Texas, a staunch fiscal conservative, was his strongest opponent in the GOP primaries.
Once Trump was elected, many on the Right expected a more protectionist version of the compassionate conservatism of the most recent Republican president, George W. Bush. The Bush administration, the Weekly Standard's Fred Barnes wrote, believed in "using what would normally be seen as liberal means activist government for conservative ends. And they're willing to spend more and increase the size of government in the process."
That's why some fiscal conservatives have been pleasantly surprised by the very un-Bush like discretionary domestic spending cuts in the president's budget, while liberals portray it as a typically draconian Republican attack on the social safety net and a betrayal of Trump's working-class supporters.
"When you've got $20 trillion in debt, it's nice to see a White House that's actually interested in the issue," said Andy Roth, vice president of government affairs at the Club for Growth, a fiscally conservative group that was critical of Trump during the primaries. "We welcome the spending cuts."
"A lot of the cuts are thoughtful cuts, not just blunt cuts," Edwards said. "People are getting trapped on disability where frankly they should be in the workforce."
Consequently, the Trump budget has received strong if qualified praise from leading Tea Party groups.
"Budgets are visionary documents, and President Trump's proposal would put taxpayers first by starting to direct their dollars more efficiently to the most effective programs," Heritage Action CEO Mike Needham said in a statement. "It is the type of document the president promised on the campaign trail, including some serious, structural reforms to our nation's entitlement system."
"Unfortunately, the failure to address Social Security and Medicare will make it difficult to truly rein in our nation's ever growing debt," Needham added. "Nonetheless, Trump's budget presents an opportunity to unite Republicans around fiscally responsible reforms to food stamps, disability insurance and the Earned Income Tax Credit (EITC). Even with unified Republican control of government, delivering policy victories has proven difficult in Washington, but enacting these reforms would demonstrate a true commitment to putting taxpayers first."
Budget Director Mick Mulvaney, a former South Carolina Republican congressman who was a member of the House Freedom Caucus, is hailed by fiscal conservatives as a hero in this process, especially given Trump's lack of a track record as a small-government advocate.
"I've told the story several times of sitting in the president's office with a list of possible reforms to mandatory what some people call entitlement spending and have the president at the end of the list go: Yes, yes, no, no, no, no," Mulvaney told reporters during Tuesday's budget briefing. "And the no, no, no's' were always Social Security retirement and Medicare. Didn't change those at all because he promised people that he wouldn't."
"We have great respect for [Office of Management and Budget] Director Mulvaney," said Roth.
"He's got a very good team," Edwards added. "They're taking the job seriously. I give Trump credit for giving [Mulvaney] a lot of running room."
The conservative applause wasn't unanimous. Many considered the 3 percent growth projections required to bring the budget into balance unrealistic. Rep. Mark Sanford, R-S.C., called it a "Goldilocks scenario." Budget hawks thought it boosted Pentagon spending too much, defense hawks too little.
"[W]hile on its face, the president's budget request is balanced, the budget only accomplishes this through a combination of very strong economic forecasting and unrealistic future cuts in domestic discretionary spending," Sanford, a Freedom Caucus member, said in a statement. "Meanwhile, the proposal doesn't touch 40 percent of the annual budget Social Security or Medicare, even though both are on a path toward insolvency."
New York Times conservative columnist Ross Douthat dismissed the Trump budget as "just Reagan-era leftovers minus the actually-serious portion of Ryanism (Medicare reform)," the latter a reference to House Speaker Paul Ryan, R-Wis.
"Ivanka's paid leave program is dumb, not a federal responsibility," said Edwards.
Yet even many of the Republicans in Congress who have declared the budget dead on arrival oppose it for cutting too much. "If Republicans actually do what they said they would do, the prospects [for cuts] would be high," said Roth, whose organization supports conservative GOP primary challengers. "But a lot of Republicans campaign one way and then don't follow through. It is my hope that if they don't follow, there will be consequences."
"We just want to see spending cuts," he continued. "That's a foreign subject to a lot of politicians here on Capitol Hill."
Federal spending is a congressional responsibility under the Constitution and presidential budget requests are frequently modified or set aside. Some of former President Barack Obama's budget proposals failed to receive a single vote in either chamber of Congress.
Some conservatives nevertheless find themselves rooting for the unconventional Trump against more traditional Hill Republicans.
"He's governing as Reagan would have, completely in the mainstream of the modern Republican Party," said Norquist. "What's interesting will be to watch those Republicans who wanted to criticize Trump when he was running to see if they are as Reaganite as Trump is."
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How to become a millionaire by 30 and retire by 40, according to Sweden’s hottest money-saving guru – Business Insider Nordic
Posted: at 8:07 am
The path to become rich, in Swedish 'Vgen mot rikedom', has for a long time been a popular blog in Sweden, filled with advice aimed at people who want to become financially independent.
Now the blog's key advice have been summed up in a book called Millionaire before 30 and a retiree before 40. The anonymous author/blogger uses the pseudonym Millionaire before 30. What we know for sure is that he or she is around 35 years old and lives in Stockholm.
Here are the books seven best pieces of advice that help you become wealthy early in life:
1. Dont overcomplicate things
Everybody living in Sweden with a good job can become a millionaire. You dont need to start a unique company, invent anything or win the lottery. Its enough to earn a normal salary and being smart about saving some of that income.
You have plenty of time to realize your ambitious dreams once youve achieved financial independence.
2. Go your own path
Disregard the outer worlds expectations. Most people dont become millionaires by 30 and retire by 40. You have to look at consumption and saving differently than Average Joe. You need to make your own active choices and decide what gives you the best possible life in the long run.
3. Love saving
Make saving into an interest, and something that you are proud of and that you think of as fun. Go home after two beers, and say to your friends that you aim to become a millionaire before 30. Thats way better than having to say you cant afford that third beer.
Make sure to hang out with people who share your passion!
4. Start today, if you havent already
Time goes fast and time, together with compound interest, are your two best friends as you pursue financial independence. So start right away otherwise ten years will have passed very soon and you will be regretting the fact that you didnt get started earlier.
You will probably have your first million faster than you thought possible.
5. Trust the stock markets
Have faith in the long-term historical behavior of the stock markets. That means buying regularly and diversifying risks through index funds. In case the corporates would stop evolving and stocks would become a bad investment in a 20-30 year window then its not just the stock markets that will have stalled, but probably the whole of civilization.
6. Do a couple of fairly tough years of grinding
You need to grind away at work and show that you can achieve results. Try to negotiate a better salary in order to grow savings.
Get your saving career off the ground by doing a couple of austere years. But think about your saving as a long-term activity theres no point in burning yourself out or hating your life because of your work or saving habits. Find a level that you can maintain during at least 10 years.
7. Hate getting duped
Never pay more than what is necessary for anything. When you pay too much, try to imagine somebody conning you and laughing at you behind your back. Get out of the expensive funds, find the cheapest utility, and dont pay unnecessary premiums for designer clothes.
Good luck on your way to financial independence!
Footnote: The book is published by Sterners.
Read the original story in Swedish on Veckans Affrer.
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How Does Your Financial Health Stack Up? – Boulder Daily Camera
Posted: at 8:07 am
David Gardner For the Camera
One of the most common questions from prospective clients can be boiled down to this: how are we doing? In our culture, our finances are often kept secret even from extended family. We don't have anyone to talk to about our financial strength (or weakness) besides our spouse and that's only if you're married.
Sure there are online calculators that can be used to gauge your fiscal fitness, but most of us need something beyond that for clarity. We need to know whether we're ahead of schedule, or need to scramble, scrimp, and save to meet our goals.
One tool we use is the Financial Life Cycle, which is the brainchild of fellow financial planner Bert Whitehead, founder of the Alliance of Comprehensive Planners and author of Why Smart People Do Stupid Things with Money updated in 2013.
The Financial Life Cycle only needs three or four data points to render its verdict on your finances. First, we need to understand your net worth, which is the value of your investments, cash, and real estate less any debt that you have. Have your investments (including equity on real estate investments) broken out separately as we'll need that precise figure later. Second, we need your annual salary.
Finally, look at your level of spending for a year. Don't worry about the exact budget categories at this point. Instead consider your annual take home pay, and how you build up or drain down savings throughout the year.
Getting Started. This is the first adult Life Cycle, and is defined as your net worth being less than your annual salary. You enter Getting Started when you become self supporting. In this stage, you want to focus on the fundamentals. Save 15 percent of your income, accumulate one to two months of spending in cash, pay off your consumer debt with the possible exception of a low interest car loan, consider investing in your human capital in the form of education, and get on track to own your own house. These financial fundamentals are important throughout your life, but are vital at this early stage.
Early Accumulation. You enter this stage when your net worth exceeds your annual salary. At this stage, we educate them on the benefits of diversification and about the options for regular investing outside of their work retirement plans. It could be a Roth IRA or brokerage account at a low cost custodian such as Charles Schwab or saving for an investment property.
Rapid Accumulation. This stage begins when your net worth exceeds three times your annual salary. We say this stage is when your financial trajectory moves upwards like a hockey stick. In general, in Rapid Accumulation your investments start appreciating and earning more than you are able to save out of your salary. At this stage we focus on tax efficient investing using the three major account types: pre-tax (such as a 401(k)), taxable, and tax-free (Roth IRA).
Financial Independence. When your investments (not net worth) are more than seven times your annual spending, you've entered Financial Independence. There is an important shift here, as we move from looking at your net worth and salary, toward a focus on investments and annual spending. The idea is that we consider your investments in the context of supporting your living expenses by using your investment earnings.
Conservation. Once your combined investment value has passed ten times annual expenses, you have reached Conservation. Depending on your age, this could mean that you are financially strong enough to stop working all together. If you reach Conservation at age 68, you're close to receiving maximum Social Security benefits, and generally eligible for Medicare health insurance.
Distribution. If your investment balance exceeds 15 times annual expenses, you're in the Distribution stage. If you're close to normal retirement age, this stage tells us that it's very unlikely that you will run out of money in your lifetime unless you acquire bad habits or make destructive financial decisions. At this point you've won the financial game, and care should be taken to design your portfolio and cash flow to insulate you in the near term from the ups and downs in the market.
We like clients to progress through at least one Life Cycle stage per decade, with two jumps within reach for uber savers. Chart your progress over time. You may think you're not making progress because cash is tight every month, but when you consider the whole picture you're making tremendous progress.
David Gardner is a certified financial planner with a practice in Boulder County and can be reached with questions at dave@confluencefa.com and on Twitter @Dave_CFP
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How Does Your Financial Health Stack Up? - Boulder Daily Camera
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Foods to try while in Seychelles – Independent Online
Posted: at 8:04 am
There is so much to indulge in. Picture: Seychelles Tourism Board.
While the Seychelles is synonymous with brightly coloured fruits and vegetables and of course fresh sea food, there is actually quite a bit more to be found on the menu that you may not even have thought of considering.
Breadfruit
While the name may sound less than appealing to most, breadfruit is quite popular in the Seychelles.
At first glance it may not look like much with its rather tough exterior and potato like interior, but breadfruit or friyapen as it is known locally, is delicious whether boiled, baked, mashed or fried. You can enjoy it as a side, snack or as a dessert. Best of all is that this fruit is very healthy being rich in energy, dietary fibre, minerals, and vitamins.
And, to let you in on a little secretlegend has it that if you eat breadfruit at least once in the Seychelles, there is a great chance that you will again one day visit the island paradise again.
Some bat for you?
If you fancy yourself somewhat of an adventurous eater and you dont mind having somewhat of a tussle with your meat, you should try fruit bat of flying fox as it is also known.
Fruit bats or flying foxes due to their orange fur, make for one the Seychelles signature dishes. It is served in many local restaurants and can be prepared in a variety of ways. It is said to taste like venison, but apparently, it is quite challenging to eat due to the many tiny bones you have to work around to get to the actual meat.
A lot of menus may also not directly state that they have bat on the menu and often put it down as Rousettes.
Sweet or savoury
Ladob is another famed dish in the Seychelles and can be enjoyed in a savoury version or sweet dessert version.
When enjoyed as a dessert, it is made with sweet potatoes and ripe plantain and may also include bread fruit cassava or corossol. The ingredients are then boiled in coconut milk with a dash of nutmeg, sugar and vanilla.
The savoury version is cooked the same way as the desert version, but with salted fish added, salt is used instead of sugar and no vanilla is used.
I
Soup with a twist
You will find no shortage of delicious seafood to eat in the Seychelles, but if you are looking for something out of the norm try some Tec Tec. The small white shellfish is collected from the beach and cooked with pumpkin for the makings of a delectable soup.
And to drink?
With so much eating going on, you will probably be on the lookout for something interesting to quench your thirst.
Bacca and calou are two of the Seychelles favourite beverages. Similar to rum, Bacca is made from sugar cane liquor and normally consumed at ceremonial events. Bacca is usually home-brewed and you will find varying quality of this drink throughout the Seychelles.
Also known as palm wine, calou is fermented wine, sourced from inflorescence of coconut trees, which tastes sweet or tart after fermentation. As a rule of thumb, the drier the flavour, the higher the alcohol content. It is also used in a variety of dishes. Coco dAmour is a tropical coconut liqueur that is made with coconut extract.
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‘Pirates of the Caribbean’: About that death and post-credits scene – USA TODAY
Posted: at 8:03 am
From vengeful pirate ghost to bitter cyberterrorist, Javier Bardem ranks his most chilling characters. USA TODAY
Johnny Depp returns for a new sea adventure in 'Pirates of the Caribbean: Dead Men Tell No Tales.' Hollywood will be watching (and hoping) for a hit.(Photo: Film Frame/Disney)
(SPOILER ALERT: stop readingif you haven't seen Dead Men Tell No Tales).
It isn't all Captain Jack Sparrow-inspiredlaughs from Johnny Deppin Pirates of the Caribbean Dead Men Tell No Tales.
The fifth film in the Pirates franchise features the emotional death of a key, belovedcharacter (even if he was often bad).
Captain Hector Barbossa (Geoffrey Rush), who has appeared as a villain in all five Pirates films,dramatically jumps to hisdeath to take out theclimbing pursuit of Captain Salazar(Javier Bardem).
Barbossa's plunge pulls downSalazar, who was about to kill adventurer/astronomer Carina Smyth(Kaya Scodelario).Smyth was revealed to beBarbossa's estranged daughter earlier.
So Barbossa's decisionto sacrifice his own life was a full-turn from the untrustworthy, ultimate-survivor who plagued Sparrow throughoutthe franchise. It camecomplete with Barbossa'shands-open fall in slowmotion while looking at his saved daughter.
Geoffrey Rush as, left, and Johnny Depp as Captain Jack Sparrow in 'Pirates of the Caribbean: Dead Men Tell No Tales.'(Photo: Disney)
"For Barbossa, we really wanted a strong emotional core to give him a great story arc like that,"says Joachim Rnning,who directed Dead Men Tell No Tales withEspen Sandberg."We fought hard for that ending. Its the fathers story. Were both dads. And we can totally relateto that."
As for the hands-open fall,Rnning says it's less Jesus savior symbol, more Die Hard.
"I would say it was more Hans Gruber," saysRnningof the famed demise of that Die Hard villain played by Alan Rickman.
As for whether this is the end of the line for Barbossa, hold off on wagering your pirate's fortune. While this death had a sign of finality, Barbossawas killed by Jack Sparrow in the first film, 2003'sPirates of the Caribbean: Curse of the Black Pearl and resurrected in 2006'sPirates of the Caribbean: Dead Man's Chest.
"He's been dead before," says Sandberg.
Bill Nighy as Davy Jones.(Photo: Disney)
What's up with the post-credits scene?
After the final credit rolled, a scene featured a newly reunited husband and wife, Elizabeth Turner (Keira Knightley) and Will Turner (Orlando Bloom).The two are sleeping blissfully in their home after being reunited at movie's end following the removal ofWill's wretched curse of The Flying Dutchman.
But Turner is awakened by the shadow of someone approaching and the site of a strange clawed hand. That can only be the left hand of Davy Jones(Bill Nighy)whom Turner killed with a knife to the heartat the end of 2007'sPirates of the Caribbean: The World's End.
Turner awakens from what appears to be a bad dream, and all seems normal except for barnacles under the bed.
Rnning confirms that the image was of Davy Jones and the scene paysrespect to "a legendary villain in the franchise."
But the end scene suggests that Knightley (who was brought onto the movie late in the process by popular demand) and Bloom's characters might have further adventures with their seemingly resurrected arch-nemesis with whom they tangled in the second and third Pirates.
"It's a little tease. We just wanted to throw in a hint that this might not be the end,"Sandberg says. "But the beginning of the end."
"Or was it all just a dream or a nightmare?" saysRnning.
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'Pirates of the Caribbean': About that death and post-credits scene - USA TODAY
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