What’s Steph Curry listening to in his headset?

first_imgSo what tops Steph’s fave music for 2019? … Nipsey’s in Steph’s top-5 this year 🔥 pic.twitter.com/Lu2El9ntqZ— Chris Montano (@gswchris) December 5, 2019Golden State Warriors star Steph Curry has been known to have great taste in music. For example, at his 30th birthday party last year he had both Paramore and E-40 perform live. He’s also been seen belting out songs from Hamilton with his daughters in the car. And there was that time when he sang karaoke to Old Town Road.last_img read more

Carsey named Miami East FFA Member of the Month for February

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The February 2017 Miami East-MVCTC FFA Member of the Month is Keagan Carsey. Keagan is the son of Ryan and Casandra Carsey of Troy. Keagan is a sophomore at Miami East High School and a second year agriculture student enrolled in Plant and Animal Sciences.Keagan was chosen for his participation in the County Public Speaking Career Development in the area of Extemporaneous Public Speaking. Keagan will compete at the upcoming event by randomly choosing an agriculture topic from a list of agriculture issues, preparing a speech in just 30 minutes, then presenting and answering questions. Keagan also attended the National FFA Convention and was the 2016 Miami County Fair King. Keagan’s Supervised Agricultural Experience includes raising goats, shoring them, and marketing their fiber and a blacksmithing business in which he makes and markets metal works.Every month of the school year the Miami East-MVCTC FFA will select a student to be the FFA Member of the Month.  The officer team will nominate one student that has been actively involved in the FFA chapter, school and community activities.  If selected, the member will be recognized at the monthly FFA meeting, have their picture displayed in the Miami East Agriculture Classroom, and receive a special memento in celebration of their accomplishment.last_img read more

Mapua beats Ateneo for Filoil juniors title; NU wins bronze

first_imgLacson: SEA Games fund put in foundation like ‘Napoles case’ 2 dead in California school attack; gunman shoots self PLAY LIST 03:122 dead in California school attack; gunman shoots self01:42Police: California school shooting took 16 seconds00:50Trending Articles02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Don’t miss out on the latest news and information. Cayetano to unmask people behind ‘smear campaign’ vs him, SEA Games Sports Related Videospowered by AdSparcRead Next Heart Evangelista admits she’s pregnant… with chicken National University also capped the preseason tournament with a piece of recognition after fending off University of Santo Tomas, 86-75, for the third-place trophy.Rhayyan Amsali had 30 points and 14 rebounds to lead NU. LATEST STORIES For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. 1 dead in Cavite blast, fire Mapua topped Ateneo, 89-82, in the high school finals of the Filoil Flying V Preseason Cup at Filoil Flying V Centre in San Juan.Clint Escamis delivered an offensive assault for the Red Robins, finishing with a game-high 23 points to go along seven rebounds.ADVERTISEMENT Escamis, though, wasn’t the lone Red Robin to punish the Blue Eaglets.Mapua’s frontcourt duo of Warren Bonifacio and Will Gozum crushed Ateneo.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutBonifacio finished with 18 points and 12 rebounds, nine of which came from the offensive glass, while Gozum had a 17-point, 14-rebound double-double.Dave Ildefonso led Ateneo with 16 points and eight rebounds while Kai Sotto finished with 15 points and 14 boards. MOST READ Ronaldo hits milestone as Portugal sink New Zealand What ‘missteps’? WATCH: Firefighters rescue baby seal found in parking garage Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ World’s 50 Best Restaurants launches new drinking and dining guide View commentslast_img read more

Venezuela players promote football at grassroots

first_imgWhile the spotlight is on Argentina and specifically Lionel Messi, one can’t forget that it takes two teams to play a football match.While everyone is talking about the Argentine team from the moment they landed at the Netaji Subhash Chandra Bose International Airport, the Venezuela outfit has been carrying on with their duties slowly but steadily.The Venezuelan players have decided to go ahead and promote the development of the game at the grassroots in the country.With Real Madrid opening their first football academy in Asia in Kheada – a village in West Bengal – to tap raw talent in rural areas, the Venezuela players have decided to go and spend time with the kids there and share their experiences with them.This sounds like exciting times for the kids as they are set to meet Real Madrid coach Jose Mourinho and star players like Iker Casillas in December for an interactive session.For the record, Venezuela had a terrific run in the recent Copa America and made it to the semi- finals before losing to Paraguay in a penalty shootout.With their domestic league turning professional only in 1957 and them getting international exposure only since 1967, it is no mean feat that 17 of the 23 players who have been selected for the match ply their trade in Europe.They might have not made the cut for the 2010 World Cup, but they can surely teach Indian youngsters a thing or two about how to go about chasing one’s dream to become a successful professional footballer.advertisementSujit Brahmachary, director of Institute for Indian Mother and Child (IIMC), said that Venezuela’s initiative to come forward and help was overwhelming.”The Real Foundation has already done a lot for the youngsters and now with Venezuela players keen to spend time with the kids, we are extremely pleased.”The aim has been to ensure that the youngsters in rural areas get to play the global game and if they get to meet international quality players and learn from them, what could be better. We are keenly looking forward to the meeting and interactive sessions,” he told MAIL TODAY.The foundation also plans to set up logistical facilities and has already signed a three-year contract with IIMC. It hopes the project will be as successful as the Tata Football Academy.last_img read more

Methyl salicylate overdose

first_imgDefinitionMethyl salicylate is a wintergreen-scented chemical found in many over-the-counter products, including muscle ache creams. Methyl salicylate overdose occurs when someone accidentally or intentionally takes more than the normal or recommended amount of a product containing this substance.This is for information only and not for use in the treatment or management of an actual poison exposure. If you have an exposure, you should call your local emergency number (such as 911) or the National Poison Control Center at 1-800-222-1222.See also: Sports cream overdoseAlternative NamesDeep heating rubs overdose; Oil of wintergreen overdosePoisonous IngredientMethyl salicylate, a compound similar to aspirinWhere FoundDeep-heating creams (Ben Gay, Icy Hot) used to relieve sore muscles and jointsOil of wintergreenSolutions for vaporizersNote: This list may not include all products that contain methyl salicylate.SymptomsBladder and kidneys:Kidney failureEyes, ears, nose, and throat:Eye irritationLoss of visionRinging in the earsThroat swellingHeart and blood:CollapseLow blood pressureLungs and airways:Difficulty breathingNo breathingRapid breathingNervous system:AgitationComa (decreased level of consciousness and lack of responsiveness)ConfusionConvulsionsDeafnessDizzinessDrowsinessHallucinationsHeadacheFeverSeizuresStomach and intestines:NauseaVomiting, possibly bloodyHome CareSeek immediate medical help. Do NOT make a person throw up unless told to do so by Poison Control or a health care professional.Before Calling EmergencyDetermine the following information:Patients age, weight, and conditionName of the product (ingredients and strengths, if known)Time it was swallowedAmount swallowedPoison Control, or a Local Emergency NumberThe National Poison Control Center (1-800-222-1222) can be called from anywhere in the United States. This national hotline number will let you talk to experts in poisoning. They will give you further instructions.advertisementThis is a free and confidential service. All local poison control centers in the United States use this national number. You should call if you have any questions about poisoning or poison prevention. It does NOT need to be an emergency. You can call for any reason, 24 hours a day, 7 days a week.Take the container with you to the hospital, if possible.See: Poison control center – emergency numberWhat to Expect at the Emergency RoomThe health care provider will measure and monitor your vital signs, including temperature, pulse, breathing rate, and blood pressure. Symptoms will be treated as appropriate. You may receive:Activated charcoalBreathing support, including tube through the mouth and breathing machine (ventilator)Chest x-rayEKG (heart tracing)Fluids through a vein (by IV)Kidney dialysis (machine)LaxativeMedicine (sodium bicarbonate) to reverse the effect of the medicationTube from the mouth into the stomach to empty the stomach (gastric lavage)Outlook (Prognosis)How well you do depends on how much salicylate is in the blood and how quickly treatment is received. The faster you get medical help, the better the chance is for recovery.Most people can recover if the effect of the salicylate can be stopped (neutralized).Internal bleeding is possible, and blood transfusion may be needed. Endoscopy, or passing a tube through the mouth into the stomach, may be required to stop internal bleedingMethyl salicylate (oil of wintergreen) is the most poisonous (toxic) form of the salicylates.ReferencesTintinalli JE, Kelen GD, Stapczynski JS, Ma OJ, Cline DM. Salicylates. In: Tintinalli JE, Kelen GD, Stapczynski JS, Ma OJ, Cline DM, eds. Emergency Medicine: A Comprehensive Study Guide. 6th ed. New York, NY: McGraw-Hill; 2004:chap 170.Kerr F, Krenzelok EP. Salicylates. In: Shannon MW, Borron SW, Burns MJ, eds. Haddad and Winchesters Clinical Management of Poisoning and Drug Overdose. 4th ed. Philadelphia, PA: Saunders Elsevier; 2007:chap 48.Seger DL, Murray L. Aspirin and Nonsteroidal Agents. In: Marx JA, Hockberger RS, Walls RM, et al., eds. Rosens Emergency Medicine: Concepts and Clinical Practice. 8th ed. Philadelphia, PA: Elsevier Mosby; 2013:chap 149.Review Date:1/20/2014Reviewed By:Jacob L. Heller, MD, MHA, Emergency Medicine, Virginia Mason Medical Center, Seattle, Washington. Also reviewed by David Zieve, MD, MHA, Bethanne Black, and the A.D.A.M. Editorial team.last_img read more

Apply for your internship before Dec 2

first_imgAre you an innovative student, looking to make a positive contribution and receive some valuable experience in a fast-paced sporting environment?Are you looking for a thrilling step ahead in your career, in what will arguably be ‘Australia’s largest sporting community’?Touch Football Australia (TFA) is seeking suitably qualified applicants for the Touch Football Australia Student Internship Program in our National Office. The TFA Student Internship Program provides paid and unpaid placement opportunities for students undertaking tertiary studies either through University or Vocational Education Institutions. A summary of the 2017 TFA Internship roles is outlined below: TFA has a formal Student Internship Program which outlines detailed information according to appointment processes, successful candidates and organisational/operational expectations. The Candidates will be required to provide a Curriculum Vitae, and complete an Expression of Interest Form addressing the Internship selection criteria and provide via email to tara.steel@touchfootball.com.auApplications close: Friday 2nd December 2016. To view the 2017 position descriptions and the TFA Student Internship Program please click on the following attachments. For enquiries about these exciting opportunities, please contact Tara Steel via email tara.steel@touchfootball.com.au or phone (02) 6212 2800.Student Internship FrameworkExpression of Interest Form2017 Internship Program OverviewRelated LinksApply for your internshiplast_img read more

Ticos abroad can now register online to vote in 2014 elections

first_imgCosta Ricans living abroad no longer have to go to a consulate or embassy to register to vote or to update an address for the upcoming presidential elections of 2014.The Supreme Elections Tribunal (TSE) launched a digital registration system on their website this week (www.tse.go.cr), where Ticos interested in voting from abroad can complete a registration form with personal information. TSE officials said the online system is completely safe.Besides basic information, voters must provide a digital photograph, a picture of a personal signature and another of a fingerprint on paper. The online form also will ask for the expiration date of personal IDs, or cédulas.Prior to filling out the form, registrants should read and accept a list of conditions and requirements, including descriptions and dimensions of the pictures (personal, signature and fingerprint). An online chat is available Monday-Friday, from 8 a.m.-4 p.m., for assistance in filling out the form, explained Paola Alvarado, TSE coordinator of the vote abroad program.The website also displays information related to the 2014 elections, such as lists of legislative candidates in each province and detailed information on all presidential candidates. Maps and directions to voting centers can also be found on the website.Records from the Immigration Administration indicate that more than 300,000 Costa Ricans live abroad, but the TSE’s latest report says that only 8,700 of them are currently registered to vote.The deadline to register or to change a voting location is Oct. 2. Facebook Comments No related posts.last_img read more

Webjet and Travelport announce new longterm technology partnership

first_imgTravelport announced it has been awarded a new long-term technology contract by Australia and New Zealand’s top online travel agency, Webjet, following an extensive competitive bid process.Under the agreement, Webjet will participate in initiatives driven by Travelport involving IATA’s New Distribution Capability (NDC) standard. NDC is a travel industry-supported programme launched by IATA that will enable the travel industry to transform the way air products are retailed to corporations, leisure and business travellers. Travelport was the first GDS operator to manage live bookings using the new standard in October 2018.By extending its partnership with Travelport, Webjet will also continue to enjoy real-time access to a broad range of high-quality content from over 400 airlines, hundreds of thousands of hotel properties and 37,000 car rental locations. In addition, it will benefit from Travelport’s cutting-edge search, automation, shopping and booking technologies, while accessing valuable data, business logic and profiling functionality on a single platform.Webjet will soon deploy Travelport Trip Services, allowing it to utilise the industry’s latest APIs to efficiently perform mobile-optimized search across the full range of Travelport content. With faster, lighter and more accurate search responses, Webjet will better fulfil the demands of its ever-connected travellers.Commenting on the partnership, Shelley Beasley, Group Chief Commercial Officer at Webjet said, “We are delighted to extend our agreement with Travelport. The company has been a highly-valued technology partner to Webjet for close to 20 years and we continue to be impressed by the quality, speed and reliability of its solutions as well as its dedication to lead change in the industry, which now extends to IATA NDC.”Stephen Shurrock, Travelport’s Chief Commercial Officer, commented, “Webjet is one of the most advanced and agile online travel agencies with whom we work globally. We are proud of the role Travelport has played in contributing to its success and look forward to extending this with technology initiatives, including NDC, to serve customers better and continue our leadership in online travel provision.”last_img read more

In This Issue   Bias to buy dollars emerges  

first_imgIn This Issue.*  Bias to buy dollars emerges. *  China prints strong manufacturing index. *  Eurozone manufacturing improves. *  Back to selling yen.And, Now, Today’s Pfennig For Your Thoughts Newsletter!Bank of Canada Softens Tightening Bias. Good day.  And a Tub Thumpin’ Thursday to you! A very long day in the office for me yesterday, and then out to Alex’s wrestling meet, has left me draggin’ the line this morning, but. I don’t feel bad right now, so I’ve got that going for me!  One of my fave economists, Nouriel Roubini, is talking on the Bloomberg TV channel from Davos this morning. From what I can make out of what he’s saying, I don’t think he’s a fan of kicking the can down the road. But, he points out. until the markets say no more, the can will continue to be kicked.And let’s see. The Gov’t bailed the markets out in 2008, so. they “owe” the Gov’t one, right? And that’s why I believe the markets, bond vigilantes and so on, are letting the Gov’t go Ollie, Ollie Oxen Free right now..  Hey! That’s just how I see it, doesn’t mean it’s the gospel!So. the currencies and metals once again traded in tight ranges, with slippage in the morning, and a recovery in the afternoon, which made two consecutive days of that pattern. But, we’ve seen a change in the pattern in the overnight markets, with the bias slipping back to buy dollars, and most of the currencies and especially the metals have backed off their levels of the past two days.I would like to think that this is just normal trading, for the euro hasn’t succumbed to the bias to buy dollars so far this morning. But, I’m afraid that we’ve slipped back into that darn Risk On / Risk Off load of bull-dookie that we stepped in over 4 years ago. The reason I say that about the slipping back to Risk On/ Risk Off is that the only thing I can find that points to the bias changing  is the earnings report by Apple last night. Apparently Apple reported their weakest earnings growth since 2003, and their weakest sales increase in 14 quarters. Stocks all over the world are seeing problems, and so, in my opinion, we’ve slipped back into the Risk Off fun and games. I hope this is just a one-off relapse, and that this Risk Off trading is quickly exited, for we had seen all the signs that we were back to trading on fundamentals, and not willy nilly sentiment of traders to throw all asset classes into a barrel and trade them.The U.S. dollar SHOULD be getting taken to the woodshed, given the decision yesterday by our leaders in the House of Representatives to suspend enforcement of the U.S. debt limit until May 18.  Have we now become Comfortably Numb on the debt limit too?  Sure looks like it to me. and therefore the dollar should be getting taken to the woodshed, but it’s not.  and that’s what’s going on today.I had to stop and smile when I saw this quote by Axel Weber former Bundesbank President, and now Chairman of UBS. “While European Gov’t’s approach fiscal curbs by looking to pullback, the U.S. runs into its limits by squabbling how to increase them.” Another thing that should be driving nails in the dollar’s coffin are the Fed’s meeting details that get released 5 years after the meeting took place.  This is where Bill Fleckenstein got a lot of his information on what former Fed Chairman, Big Al Greenspan, was doing behind the scenes. I’ve mentioned Bill’s book quite a few times in the past, but if you still haven’t picked it up to read it, you should, just so you understand what the Fed is doing to us. You can find it on Amazon, it’s called:  Greenspan’s Bubbles: The Age of Ignorance at the Fed by Bill Fleckenstein.You can see in the notes that 5 years ago, the Fed still didn’t see the smoke from the fires in the economy. So. if they didn’t see it then, what makes anyone believe they would see it this time?   Any way. The Fed’s FOMC will meet next week, and I’m sure they will tell us that the economy is not out of the woods, and there is still a need for stimulus.  Yesterday, Morgan Stanley’s chief, Gorman, basically said that the economy is still in need of stimulus.Of course, long time Pfennig readers know that I’ve said for some time now that the U.S. economy has gotten addicted to stimulus. to break the economy from this addiction is going to be very painful.One of my fave writers, Caroline Baum, wrote a piece titled: “How Fed Learned to Stop Worrying and Love Zero” –  This is a great snippet: “Color me skeptical. When I read the 82-word sentence outlining conditions to be met before the Fed would start raising rates, all I could think of was Winton Churchill’s description of the Soviet Union: “a riddle, wrapped in a mystery, inside an enigma.” I doubt the Fed will unwrap it when it meets next week.”Well the two-day respite that Japanese yen was getting ended overnight.  I told you yesterday that I didn’t think those that were buying yen because the Bank of Japan (BOJ) was delaying their next round of stimulus were allowing the elevator to go to their top floor.  I just put together some notes for one of my presentations next week at the Orlando Money Show, and in doing so, I noticed that Japanese yen has dropped 12% in the past 6-months. I don’t think the losses will stop there. but that’s just my opinion, and I’ve said the same thing about yen for the past year.Hey. HSBC Holdings Plc printed their version of Chinese manufacturing last night. (recall, I’ve explained that there are two manufacturing index prints in China, one by HSBC and the other by the Chinese Gov’t). Usually, the HSBC print is not as lofty, albeit by small numbers, as the Gov’t report. So. when the HSBC version printed and showed a gain in the index from 51.5 to 51.9 for this month, I got a little giddy.  This data should have been manna from heaven for the Aussie dollar (A$), but. I think the Apple earnings news was just too much to get past for the risk assets, this morning.  The A$ has slipped back below $1.05 this morning, but it’s not from the Chinese data. That’s why I’m thinking that this slippage below $1.05 this morning is an opportunity to buy at a cheaper level. Of course, that’s just my opinion, and I could be wrong.Speaking of manufacturing reports. The Eurozone, continues to show signs of recovery, as their Manufacturing Index for the 17-nation union climbed to 48.2 in January from 47.2 in December. Still below 50, the line in the sand between expansion and contraction, but an improvement nonetheless.The Canadian dollar / loonie slipped below parity after the Bank of Canada (BOC) hung the currency out on a line. The BOC left rates unchanged, as expected. but then surprised the markets by softening their tightening bias. The BOC said that “any change is likely to come further in the future than was previously thought.” Uh-oh! You think the markets were upset with the fact that the BOC never carried through with their bias to tighten? They are really upset by this softening, which they didn’t see coming. And the loonie gets taken to the woodshed. My initial thought was that this was a temporary move, but the more I look at this, a lot of capital was gained on the thought that the BOC was going to raise rates soon. The loonie could be in for an elongated trip to the woodshed.  But. still remain relatively strong, folks.  What am I talking about?Well. 10 years ago, the loonie was 65-cents. so. even if the loonie slips now to 95-cents, that still relatively strong VS 10 years ago, eh?Then There Was This. You all have heard me talk about China’s hoarding of Gold to use as a backing for their currency when they decide to float the renminbi/ yuan for a couple of years now, so I always enjoy seeing someone else jump on my bandwagon. This time it’s the long-time, well respected money manager – Stephen Leeb.  Here are a couple of snippets of a recent interview with Stephen talking about China and their Gold.“I see the Chinese plan in terms of what they want to do, I see their economy turning around, and most important their push into gold.I know KWN published a piece last night which said the World Gold Council is saying that China does plan to back up their yuan with gold.  Of course that’s what they are going to do.  They clearly want the world’s reserve currency.  They yuan is constantly increasing in use in Asian (business) dealings.  There is no doubt that’s going to continue to grow.  China could (already) have the second largest gold reserves in the world, even ahead of Germany.  What is confirmed by everything you can see is they are importing as much (gold) as they can without trying to disturb the price of gold.  You won’t believe what’s going to happen (with the price of gold).  I’m telling you in 3 years people will not believe the price of gold.” – Stephen LeebChuck again. great stuff. more and more, people are jumping on my China and the gold backing to their currency bandwagon. Come on. there’s more room!To recap.  The two-day trading pattern of tight trading ranges for the currencies and metals gave way to a bias to buy dollars overnight. Apple had some weak earnings news, that catapulted the risk assets back into the Risk On/ Risk Off trading arena. China saw a strong manufacturing print, and the Eurozone saw an improving manufacturing index. The Bank of Canada hung the loonie out on a line by softening their tightening bias, and the Japanese yen gets back to losing ground.Currencies today 1/24/13.  American Style: A$ $1.0490, kiwi .8410, C$ .9990, euro 1.3335, sterling 1.5825, Swiss $1.0760, . European Style: rand 9.0420, krone 5.5635, SEK 6.5180, forint 221.25, zloty 3.1425, koruna 19.1830, RUB 30.12, yen 89.60, sing 1.2280, HKD 7.7530, INR 53.68, China 6.2197, pesos 12.69, BRL 2.0355, Dollar Index 80.03, Oil $95.51, 10-year 1.81%, Silver $31.85, and Gold. $1,677.50That’s it for today. I was gone last week, when my younger brother, Mike, celebrated a birthday, so Happy belated birthday!  Mike was born when I was in High School, so. that means he’s getting old! I received a call from an old high school classmate last night, she informed me that a group of classmates are putting together a 40-year high school reunion. YIKES!  Not the dreaded 40-year HSR! It will be this year. UGH! I bet no one will recognize me! I don’t keep in touch with many people from my high school years, and the last reunion we had was 15-years ago. oh well. I hope you have a Tub Thumpin’ Thursday!Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

My children will never let me forget this while o

first_imgMy children will never let me forget this: while on a Carter-era family vacation to Florida, I pulled into a gas station and abruptly drove off, announcing, “I’ll be damned if I will pay $1/gallon for gasoline.” With each passing mile on I-75, the prices got higher and I became even more frustrated. Finally, I had no choice but to pay the price because the car was running on fumes. Then I watched the kids snicker in the backseat as I pumped the gas. That trip came to mind when one of our loyal subscribers, Terrie N., wrote in asking for a commonsense explanation of inflation. In short, it’s an expansion of the money supply. As our government circulates more money, the value of each dollar goes down. Most of us think that products and services are getting more expensive, but really the buying power of the dollar is dropping. Here’s another way to look at it. If a company is worth $1 million and has issued a million shares of stock, then each share is worth $1. If the company has a two-for-one stock split, the company is still worth $1 million, but each share is now worth $0.50 because there are twice as many shares. After the split, if you sell the stock to buy a new car, the car will cost you twice as many shares. The car did not get more expensive; the value of each share declined. So it is with money.How Much Does It Take to Keep Up? To answer that question, consider the fictional Joe Smith. Joe got his first “real job” in January 1994, so he will soon finish 20 years on the job. His starting salary was $50,000. Today Joe is in his forties and raising a family. Despite receiving promotions and salary increases along the way, he finds himself living from paycheck to paycheck. It is natural to assume that it’s mostly due to the cost of raising a family. However, according to the Bureau of Labor Statistics’ (BLS) inflation calculator, Joe has to earn $78,997.64 today to maintain the buying power he had his first day on the job. Quite often, inflation occurs right under our noses. During periods of high inflation, as you may recall from the Carter years, the toll on one’s savings is painfully obvious. In a recent article, we looked at a hypothetical investor who bought a $100,000, 5-year, 6% CD on January 1, 1977. He was in the 25% tax bracket. At the end of five years, the balance on the account was $124,600. While it sounds like more money, his buying power had actually dropped by 25.9% because of inflation. If, on January 1, 1977, a luxury car cost $25,000, he had enough to buy four of them. Assuming the price of that car rose with inflation, it would have cost $37,500 five years later; he would have had enough for just three with a little gas money left over. I realize no one needs three or four cars, but you get the picture. Inflation feeds the illusion of wealth, but it is just that: an illusion. The key is to maintain and grow your buying power. If your income does not keep up, you are getting poorer by the day.How the World’s Biggest Debtor Benefits Inflation is good if you are a debtor with fixed-interest debt and a rising income. It allows you to pay back your debt with cheaper dollars. For people living on a fixed income, however, inflation is a nightmare. That includes many retirees and working-class folks pushed into part-time jobs. So who benefits the most? As the world’s biggest debtor, the US government has the most to gain from inflating the dollar. During the Carter years, incomes rose and people were pushed into higher tax brackets, but their money bought less and less. Eventually, the public outcry got so bad that Congress indexed tax brackets to the inflation index. Having lost one strategy for silently raising taxes, the next step was to do what all governments do—lie! Both political parties are in on the game; this is not a partisan issue. They work together to rig the official inflation numbers, which keeps Social Security payouts low, tax brackets inaccurately adjusted, and interest on many government debt instruments lower than they should be. In addition, all of the Treasury debt that is outstanding at a fixed rate is much easier to repay. Lying about the true rate of inflation saves the government a lot of money. Some prefer to call it “creative accounting.”A recent article in USA today stated that the 2014 Social Security increase will be one of the lowest in years—likely 1.5%. I called my health insurance carrier to find out what my Medicare supplement premiums will be for 2014. They could not tell me the health premium, but the drug premium is going from $15 to $21 per month. That is a 40% increase. Sad to say, it gets worse. The government is also considering a gimmick called the Chained CPI, which is just another way to fudge the inflation rate. The bottom line is: The government owes us money, and how much it pays is based on an index. At the same time, it is also the scorekeeper. Hey, nobody ever said it was fair!How Can We Manage Inflation? Inflation is personal because we all spend money differently. We can’t control what our government does, so we have to focus on what we can control. Here are some basic steps to take immediately:Acknowledge the difference between needs and wants. Apple recently introduced a new, faster iPad. One article predicted that close to half their sales would be to people who want to own the hottest, newest technology on the market. When you are concerned about retirement, which is better: showing off for a few days or using your old iPad and letting that $500 grow in your retirement account? We don’t have to be misers, but use some common sense.Pay yourself first, and learn to live on the rest. Today, most folks save for retirement wealth through IRAs and/or 401(k)s. Many an accomplished saver will share their secret: The money is deducted directly from their paycheck—or each payday, the first check they write is to savings—and then they live on the rest.Invest in education. It makes little sense to be an accomplished saver if you are a poor investor. Recently I shared some tips on growing your retirement account while you are still working. The sooner you learn to manage your finances, the closer you are to true independence.Maintain perspective. The goal is to build and accumulate wealth each year and stay ahead of inflation. There is some room for speculation in a retirement portfolio; however, low risk and steady growth comes from picking the right vehicles, diversification, and patience. As Benjamin Franklin said, “He that can have patience can have what he will,” but that patience is sometimes hard to come by. Too often people feel the need to catch up, so they take huge risks. Later on, they realize a steady and conservative approach would have worked better.Don’t let the numbers fool you. There was a time when having a million dollars meant you had it made. Today, a million dollars invested in ten-year Treasuries will yield around $25,000 in interest, before taxes. That is a far cry from having it made. You can beat inflation. While the market is a lot tougher than it was a decade ago, those who make the modest time commitment necessary to research and learn can stay ahead of the curve. It is my personal mission to give our subscribers the tools to do just that—efficiently and effectively. That’s why I put together a short video explaining what it means to retire successfully, and how Money Forever can help you get on track. You do not have to go it alone. I urge you to take a few minutes, sit back, and watch this short video on the right side of our page. Click here, turn up the volume, and start your retirement education now.On the Lighter Side Halloween has passed and November is here. Does anyone else wonder what happened to Thanksgiving? Christmas commercials are in full swing, touting the early sales. I say hold off on shopping for now; by mid-December, stores will pay us to take merchandise off their hands. There are a few other important days coming up. November 10 is the Marine Corps’ birthday, and November 11 is Veterans’ Day in the US and Remembrance Day in Canada. One of my early childhood memories is seeing my stepfather, a WWII veteran, march in full uniform in a Veterans’ Day parade. This clip sums up my feelings about my time in the military. Today, the only things that would fit from my uniform are the shoes and the hat. And finally… I received some nice comments about Phyllis Diller last week, so I added a few more quotes below. She was a funny lady. The reason the pro tells you to keep your head down is so you can’t see him laughing. You know you’re old if they have discontinued your blood type. You know you’re old if your walker has an airbag. Best way to get rid of kitchen odors: Eat out. I want my children to have all the things I couldn’t afford. Then I want to move in with them. I laughed out loud at this one: Burt Reynolds once asked me out. I was in his room. Until next week…last_img read more