They saw the World Trade Center towers crumble, and they struggled to find or keep a job in a tough economy. All before the age of 30 or so. Generation Y was born in the 1980s and ’90s—roughly those now between the ages of 18 and 34 (though experts disagree on the precise time frame). These so-called millennials are mostly the children of baby boomers, and at more than 82 million strong, they now outnumber the members of the boomer generation, according to the National Conference on Citizenship.
But the millennials have grown into adulthood with some personality problems that the boomers lacked, according to psychologists who measure such things, including high rates of narcissism, materialism, unrealistically inflated expectations and a startling lack of independence. American college students scored 30% higher on the 40-item Narcissistic Personality Index in 2006 than they did in 1979, for instance, according to a study led by psychologist Jean Twenge of San Diego State University.
Why the Economy is about to tank… – The protest in Turkey, Brazil and other countries is about who will pay the cost of the economic “recovery”….
Why the middle-class revolt has begun – “The protesters are performing the same role as middle classes have in developed nations,” Rohde says. “As their standard of living rises, so do their expectations of government.”
Movements in Turkey, Brazil and Iran provide a blueprint for a different kind of economic uprising.
Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.
Republicans and Democrats in our nation’s capital are busy playing Check and Balance, better known as politics as usual. With jobs and the economy still the number one issue on Americans’ minds, the Republican House is pre-occupied with bills about abortion and the repeal of Obamacare, passing legislation that everyone knows is dead on arrival in the Senate. And so things go, or don’t go, in Washington. But a more interesting playing field for red and blue politics can be found in state capitals across the country. States have long been recognized as “laboratories of democracy,” according to the late Supreme Court Justice Louis Brandeis, where “novel social and economic experiments [can be tried] without risk to the rest of the country.” And such experimentation is far more likely when a state is dominated by one political party as are both of my “home” states, Kansas and California.
Italy is likely to need an EU rescue within six months as the country slides into deeper economic crisis and a credit crunch spreads to large companies, a top Italian bank has warned privately.
Takeaway: Contrary to consensus perception, the real headwinds facing China’s banking system are structural (i.e. NOT cyclical) in nature.
Chinese stocks closed at a level unseen since the global financial crisis in 2009 on Tuesday, as analysts warned a liquidity squeeze was raising the risk of a hard landing for the world’s second largest economy. For more than two weeks, funds have been in short supply on China’s interbank market and the interest rates banks charge to lend to each other have surged to record highs. Instead of pumping money into the system, the central People’s Bank of China (PBoC) has stood firm, on Monday ruling out providing fresh cash and ordering banks to put their financial houses in order.
Five years ago, Joe Miller, then an Army Ranger captain with three Iraq tours under his belt, sat inside his home near Fort Bragg holding a cocked Beretta 40mm, and prepared to kill himself.
He didn’t pull the trigger. So Miller’s name wasn’t added to the list of active-duty U.S. military men and women who have committed suicide. That tally reached 350 last year, a record pace of nearly one a day. That’s more than the 295 American troops who were killed in Afghanistan in the same year.
Daniel Somers was a veteran of Operation Iraqi Freedom. He was part of Task Force Lightning, an intelligence unit. In 2004-2005, he was mainly assigned to a Tactical Human-Intelligence Team (THT) in Baghdad, Iraq, where he ran more than 400 combat missions as a machine gunner in the turret of a Humvee, interviewed countless Iraqis ranging from concerned citizens to community leaders and and government officials, and interrogated dozens of insurgents and terrorist suspects. In 2006-2007, Daniel worked with Joint Special Operations Command (JSOC) through his former unit in Mosul where he ran the Northern Iraq Intelligence Center. His official role was as a senior analyst for the Levant (Lebanon, Syria, Jordan, Israel, and part of Turkey). Daniel suffered greatly from PTSD and had been diagnosed with traumatic brain injury and several other war-related conditions. On June 10, 2013, Daniel wrote the following letter to his family before taking his life. Daniel was 30 years old. His wife and family have given permission to publish it. ……
I really have been trying to hang on, for more than a decade now. Each day has been a testament to the extent to which I cared, suffering unspeakable horror as quietly as possible so that you could feel as though I was still here for you. In truth, I was nothing more than a prop, filling space so that my absence would not be noted. In truth, I have already been absent for a long, long time.
My body has become nothing but a cage, a source of pain and constant problems. The illness I have has caused me pain that not even the strongest medicines could dull, and there is no cure. All day, every day a screaming agony in every nerve ending in my body. It is nothing short of torture. My mind is a wasteland, filled with visions of incredible horror, unceasing depression, and crippling anxiety, even with all of the medications the doctors dare give. Simple things that everyone else takes for granted are nearly impossible for me. I can not laugh or cry. I can barely leave the house. I derive no pleasure from any activity. Everything simply comes down to passing time until I can sleep again. Now, to sleep forever seems to be the most merciful thing.
You must not blame yourself. The simple truth is this: During my first deployment, I was made to participate in things, the enormity of which is hard to describe. War crimes, crimes against humanity. Though I did not participate willingly, and made what I thought was my best effort to stop these events, there are some things that a person simply can not come back from. I take some pride in that, actually, as to move on in life after being part of such a thing would be the mark of a sociopath in my mind. These things go far beyond what most are even aware of.
Is it any wonder then that the latest figures show 22 veterans killing themselves each day? That is more veterans than children killed at Sandy Hook, every single day. Where are the huge policy initiatives? Why isn’t the president standing with those families at the state of the union? Perhaps because we were not killed by a single lunatic, but rather by his own system of dehumanization, neglect, and indifference.
Other locations on the IG’s Top Ten list for singular addresses that were theoretically used simultaneously by thousands of unauthorized alien workers, included an address in Oxnard, Calif, where the IRS sent 2,507 refunds worth $10,395,874; an address in Raleigh, North Carolina, where the IRS sent 2,408 refunds worth $7,284,212; an address in Phoenix, Ariz., where the IRS sent 2,047 refunds worth $5,558,608; an address in Palm Beach Gardens, Fla., where the IRS sent 1,972 refunds worth $2,256,302; an address in San Jose, Calif., where the IRS sent 1,942 refunds worth $5,091,027; and an address in Arvin, Calif., where the IRS sent 1,846 refunds worth $3,298,877.