Posted by Admin on Wednesday, July 25, 2012 ? Leave A Comment?
Introducing an erotic product into your relationship such as a vibrator or bondage kit can improve your sex life and keep the sparks flying. You may have toyed with the idea of using one with your partner, but not know how approach your?partner about this new level of intimacy. If you and your partner are comfortable with one another, but are?not sure how he or she would react to the idea of using a sex toy, here are some ways that may help you introduce sex toy play into your relationship.
If you have never purchased a sex toy before, I would suggest browsing through several adult toy web sites. Many of?the adult toy web sites offering product reviews from customers such as yourself. Looking at adult toy sites can also?help you understand the different types of toys that are available and may even have an entire section devoted to sex toys?for couples. For example, there are vibrating erection rings with a clitoral stimulator attached that are worn by the male?to enhance the sensations for both partners during sexual intercourse. If a vibrating erection ring does not seem right?for you, check out some of the more traditional vibrators that are simple to use such as the Erotic Explorer. If you want?more assistance, but do not feel comfortable enough to go to a physical store, contact customer service.?The customer service department are accustomed to helping customers that are new to purchasing?adult toys and can provide helpful suggestions on what sex toy is right for you and your partner. Make sure you purchase?from a web site that has a phone number available as opposed to just an email. Therefore, you can also contact customer?service directly and avoid waiting for email replies.
Once you become more knowledgeable about different sex toys, bring up the topic to your partner when you are in a?comfortable atmosphere. Sit down with your partner and bring up the idea of taking your relationship to a different level.?Let him or her know how you would like to know how he or she feels incorporating a sex toy into the relationship. Make?sure him or her does not feel offended and reassure them that it is not about them not being a good lover. It is about?sharing something intimate and special together. If he or she has any questions, let them know you have been doing some?research on some products.
If your partner is willing to try it out, build the excitement of the experience by shopping for one together. Look on the?computer with your partner and browse the different products that you have done research on. Make sure you let your partner?have some input on what products they would like to try. You may want to try several different types. Maybe try a?traditional vibe, a small clitoral vibe such as a i vibe pocket rocket, and an erection ring. I would also suggest buying a?personal lubricant to use with your sex toys to make sure the experience is a pleasurable and comfortable one.
Once you have placed your order for the sex toys, plan a special night together when you have time to try out your new?purchase. Create a comfortable atmosphere in which you and your partner can fully relax. Bringing a sex toy into your?relationship can strengthen the bond in your relationship and bring you and your partner closer together.
Paying for college is one of the largest bills a dad or mum will face in their lifetime, aside from paying for a house. Due to this, care needs to be taken in addition to special planning and allocations of funds with the intention to take the burden away from this expense. Starting early is the best option, even when your child is a toddler will not be too soon. Think about the following timeline for saving in your child?s school education.
When faculty is 15 years or extra away, then it?s best to open and training IRA that will assist you to save conservatively in your kid?s college. Also, since there may be numerous time earlier than your child will want the money that is the time to spend money on aggressive funds or stocks. As the time for school nears, it would be best to get monetary savings in conservative ways, but now is ok to be aggressive for those who wish.
When college is 10-15 years away for your baby, then there are some further things you?ll be able to do. First, take into account prepaid tuition plans that mean you can pay for school over a period of time before your youngster ever reaches the first day of school. The problem with that is you are taking the decision away from your child of which faculty they need to attend. Additionally, discuss to your accountant about totally different savings plans your state presents for college savings. More than possible, there are some plans that will assist you meet your savings wants or obtain tax breaks. Also, ensure that your portfolio is safer and stabilized. Attempt to get your investments so as and begin saving more conservatively. On the 5 to 10 12 months mark, you have to to start out moving your cash into completely different accounts or bonds. For example, bonds are a very good possibility as well as mounted income. In case you are uncertain, discuss to a monetary planner that can assist you make the decision. When there are only five extra years until your baby enters college, be certain that your investments are secure and safe and never in any aggressive funds. This is the time to guard the money reasonably than danger it on aggressive markets.
In case you realize that although you will have been saving for greater than 15 years, you?ll not manage to pay for to pay to your child?s tuition, you?ll be able to take into account completely different student loans that don?t need to be paid again while the kid is enrolled in school and which have low curiosity rates. There are loans obtainable for the guardian in addition to the child, so no matter works for your loved ones is the best option.
Also, once your youngster is actively enrolled in faculty there are different tax breaks that you can file on your tax return that can assist out significantly.In terms of paying for college, beginning early and making a plan is one of the best ways to go about it.
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You are here: Home ? Financial Institutions ? Corporatism and Fraud are Why We?re Screwed:
By L. Randall Wray
A version of this post first appeared at "Great Leap Forward?, my EconoMonitor blog.
As the Global Financial Crisis rumbles along in its fifth year, we read the latest revelations of bankster fraud, the LIBOR scandal. This follows the muni bond fixing scam detailed a couple of weeks ago, as well as the JPMorgan Chase trading fiasco and the Corzine ? MF Global collapse and any number of other scandals in recent months. In every case it was traders run amuck, fixing ?markets? to make an easy buck at someone?s expense. In times like these, I always recall Robert Sherrill?s 1990 statement about the S&L crisis that ?thievery is what unregulated capitalism is all about.?
After 1990 we removed what was left of financial regulations following the flurry of deregulation of the early 1980s that had freed the thrifts so that they could self-destruct. And we are shocked, SHOCKED!, that thieves took over the financial system.
Nay, they took over the whole economy and the political system lock, stock, and barrel. They didn?t just blow up finance, they oversaw the swiftest transfer of wealth to the very top the world has ever seen. They screwed workers out of their jobs, they screwed homeowners out of their houses, they screwed retirees out of their pensions, and they screwed municipalities out of their revenues and assets.
Financiers are forcing schools, parks, pools, fire departments, senior citizen centers, and libraries to shut down. They are forcing national governments to auction off their cultural heritage to the highest bidder. Everything must go in fire sales (pun intended) at prices rigged by twenty-something traders at the biggest and most corrupt institutions the world has ever known.
And since they?ve bought the politicians, the policy-makers, and the courts, no one will stop it. Few will even discuss it, since most university administrations have similarly been bought off?in many cases, the universities are even headed by corporate ?leaders??and their professors are on Wall Street?s payrolls.
We?re screwed.
Bill Black joined our department in 2006. At UMKC (and the Levy Institute) we had long been discussing and analyzing the GFC that we knew was going to hit, using the approaches of Hyman Minsky and Wynne Godley. Bill insisted we were overlooking the most important factor, fraud. To be more specific, Bill called it control fraud, where top corporate management runs an institution as a weapon to loot shareholders and customers to the benefit of top management. Think Bob Rubin, Hank Paulson, Bernie Madoff, Jamie Dimon and Jon Corzine. Long before, I had come across Bill?s name when I wrote about the S&L scandal, and I had listed fraud as the second most important cause of that crisis. While I was open to his argument back in 2006, I could never have conceived of the scope of Wall Street?s depravity. It is all about fraud. As I?ve said, this crisis is like Shrek?s Onion, with fraud in every layer. There is, quite simply, no part of the financial system that is not riddled with fraud.
The fraud cannot be reduced much less eliminated. First, there are no regulators to stop it, and no prosecutors to punish it. But, far more importantly, fraud is the business model. Further, even if a financial institution tried to buck the trend it would fail. As Bill says, fraud is always the most profitable game in town. So Gresham?s Law dynamics ensure that fraud is the only game in town.
As Sherrill said, without regulation, capitalism is thievery. We stopped regulating the financial system, so thieves took over.
A century ago Veblen analyzed religion as the quintessential capitalist undertaking. It sells an inherently ephemeral product that cannot be quality tested. Most of the value of that product exists only in the minds of the purchasers, and most of that value cannot be realized until death. Dissatisfied customers cannot return the purchased wares to the undertakers who sold them?there is no explicit money back guarantee and in any event, most of the dissatisfied have already been undertaken. The value of the undertaker?s institution is similarly ephemeral, mostly determined by ?goodwill?. Aside from a fancy building, very little in the way of productive facilities is actually required by the religious undertaker.
But modern finance has replaced religion as the supreme capitalistic undertaking. Again, it has no need for production facilities?a fancy building, a few Bloomberg screens, greasy snake-oil salesmen, and some rapacious traders is all that is required to separate widows and orphans from their lifesavings and homes. Religious institutions only want 10%; Wall Street currently gets 20% of all the nation?s output (and 40% of profits), but won?t stop until it gets everything.
There is rarely any recourse for dissatisfied customers of financial institutions. Few customers understand what it is they are buying from Wall Street?s undertakers. The product sold is infinitely more complicated than the Theory of the Trinity advanced by Theophilus of Antioch in 170 A.D., let alone the Temple Garments (often called Magic Underwear by nonbelievers) marketed today. That makes it so easy to screw customers and to hide fraud behind complex instruments and deceptive accounting.
A handful of thieves running a modern Wall Street firm can easily run up $2 trillion in ephemeral assets whose worth is mostly determined by whatever value the thieves assign to them.
And that is just the start. They also place tens of trillions of dollars of bets on derivatives whose value is purely ?notional?. The thieves get paid when something goes wrong?the death of a homeowner, worker, firm, or country triggers payments on Death Settlements, Peasant Insurance, or Credit Default Swaps. To ensure that death comes sooner rather than later, the undertaker works with the likes of John Paulson to handpick the most sickly households, firms and governments to stand behind the derivative bets.
And the value of the Wall Street undertaker?s firm is almost wholly determined by euphemistically named ?goodwill??as if there is any good will in betting on death.
With these undertakers running the show, it is no wonder that we are buried under mountains of crushing debt?underwater mortgages, home equity loans, credit card debt, student loans, healthcare debts, and auto-related finance. Simply listing the kinds of debts we owe makes it clear how far along the path of financialization we have come: everything is financialized as Wall Street has its hand in every pot.
Thirty years ago we could still write of a dichotomy? industry versus finance?and categorize GE and GM as industrial firms, with Goldman Sachs as a financial firm. Those days are gone, with GM requiring a bail-out because of its financial misdealings (auto production was just a sideline business used to burden households with debt owed to GMAC, the main business line), and Goldman Sachs buying up all the grain silos to run up food prices in a speculative bubble. Obamacare simply fortifies the Vampire Squid?s control of the healthcare industry as it inserts its strangling tentacles into every facet of life.
Food? Financialized. Energy? Financialized. Healthcare? Financialized. Homes? Financialized. Government? Financialized. Death? Financialized. There no longer is a separation of the FIRE (finance, insurance, and real estate) and the nonFIRE sectors of the economy. It is all FIRE.
Everything is complexly financed. In the old days a municipal government would sell a twenty year fixed rate bond to finance a sewage system project. Now they hire Goldman to create complex interest rate swaps (or even more complex constant maturity swaps, swaptions, and snowballs) in which they issue a variable rate municipal bond and promise to pay the Squid a fixed rate while the Squid pays them a floating rate linked to LIBOR?which is rigged by the Squid?s banking brethren to ensure the municipality gets screwed. Oh, and the municipal government pays upfront fees to Goldman for the sheer joy of getting screwed by Wall Street?s finest.
The top four US Banks hold $171 Trillion worth of derivative deals like this. Derivatives are really just bets by Wall Street that we will get screwed?it is all ?insurance? that pays off when we fail. Everything is insured?by them against us.
What is healthcare ?insurance?, really? You turn over your salary to the FIRE sector aka Wall Street in the hope that should you need healthcare, they will allow your ?service provider? to provide it. But when you need the service, ?Wall Street? will decide whether it can be provided.
Oh, and Wall Street?s undertakers have also placed a bet that you will die sooner than you expect, so it wins twice by denying the coverage.
Finally, US real estate?the RE of the FIRE?underlies the whole kit and caboodle. That is the real story behind the GFC: given President Clinton?s budget surpluses and the simultaneous explosion of private finance, there simply was not enough safe federal government debt to use to repo against the explosion of collateralized OTC derivatives positions taken on by financial institutions with one another starting back in the mid 1990s. Wall Street needed another source of collateral for financial leverage.
You see, all the top financial institutions are dens of thieves, and thieves know better than to trust one another. So (derivatives) transactions between fellow thieves have to be collateralized by safe financial assets ? which is the traditional role played by Treasuries. But there were not enough of those to go around so Wall Street securitized home mortgages that were sliced and diced to get tranches that were supposedly as safe as Uncle Sam?s bonds. And there were not enough quality mortgages, so Wall Street foisted mortgages and home equity loans onto riskier borrowers to create more product.
Never content, in order to suck more profit out of mortgages, Wall Street created ?affordability? products?mortgages with high fees and exploding interest rates?that it knew would go bad. Even that was not enough, so the Squids created derivatives of the securities (collateralized debt obligations?CDOs) and then derivatives squared and cubed?and then we were off and running straight toward the GFC.
Wall Street bet your house would burn, then lit a firebomb in the basement.
Mortgages that were designed to go bad would go bad. CDOs that were designed to fail would fail.
Suddenly there was no collateral behind the loans Wall Street?s thieves had made to one another. Each Wall Street thief looked in the mirror and realized everything he was holding was crap, because he knew all of his own debt was crap.
Hello Uncle Sam, Uncle Timmy, and Uncle Ben, we?ve got a problem. Can you spare $29 Trillion to bail us out?
And that is why we are screwed.
I see two scenarios playing out. In the first, we allow Wall Street to carry on its merry way, as the foreclosure crisis continues and Wall Street steals all homes, packaging them into bundles to be sold for pennies on the dollar to hedge funds. All wealth will be redistributed to the top 1% who will become modern day feudal lords with the other 99% living at their pleasure on huge feudal estates.
You can imagine for yourselves just what you?re going to have to do to pleasure the lords.
This will take years, maybe even a decade or more, but it is the long march Wall Street has formulated for us. To be sure, ?formulated? should not be misinterpreted as intention. No one sat down and planned the creation of Western European feudalism when Rome collapsed. To be sure, the modern day feudal lords on Wall Street certainly conspire?to rig LIBOR and muni bond markets, for example?and each one individually wants to take as much as possible from customers and creditors and stockholders. But they are not planning and conspiring for the restoration of feudalism. Still, that is the default scenario?the outcome that will emerge in the absence of action.
In the second, the 99% occupy, shut down, and obliterate Wall Street. Honestly, I have no idea how that can happen. I am waiting for suggestions.
About Randall Wray
L. Randall Wray is a professor of economics and research director of the Center for Full Employment and Price Stability at the University of Missouri?Kansas City. His current research focuses on providing a critique of orthodox monetary policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and the monetary theory of production. Wray received a B.A. from the University of the Pacific and an M.A. and a Ph.D. from Washington University, where he was a student of Hyman Minsky.
FILE - This Feb. 16, 2012 file photo shows a 2012 Jeep Grand Cherokee on display at the 2012 Pittsburgh Auto Show. A government agency is investigating safety problems with two vehicles made by Chrysler, the Ram pickup truck and Jeep Grand Cherokee SUV. The rear wheels can lock up in Rams from the 2009 and 2010 model years, potentially causing crashes, while power steering fluid hoses can leak in 2012 Grand Cherokees, possibly causing engine fires, according to documents posted Monday, July 23, 2012, on the National Highway Traffic Safety Administration website. (AP Photo/Gene J. Puskar, file)
FILE - This Feb. 16, 2012 file photo shows a 2012 Jeep Grand Cherokee on display at the 2012 Pittsburgh Auto Show. A government agency is investigating safety problems with two vehicles made by Chrysler, the Ram pickup truck and Jeep Grand Cherokee SUV. The rear wheels can lock up in Rams from the 2009 and 2010 model years, potentially causing crashes, while power steering fluid hoses can leak in 2012 Grand Cherokees, possibly causing engine fires, according to documents posted Monday, July 23, 2012, on the National Highway Traffic Safety Administration website. (AP Photo/Gene J. Puskar, file)
FILE - This undated file photo originally released by Chysler shows the 2009 Dodge Ram 1500. A government agency is investigating safety problems with two vehicles made by Chrysler, the Ram pickup truck and Jeep Grand Cherokee SUV. The rear wheels can lock up in Rams from the 2009 and 2010 model years, potentially causing crashes, while power steering fluid hoses can leak in 2012 Grand Cherokees, possibly causing engine fires, according to documents posted Monday, July 23, 2012, on the National Highway Traffic Safety Administration website.(AP Photo/Chysler, file)
In this Jan. 31, 2012 photo, a row of 2012 Jeep Grand Cherokees sit on a lot in South Burlington, Vt. Federal safety regulators are investigating complaints that the engines can catch fire on Jeep Grand Cherokees. On the 2012 Grand Cherokee, officials says a hose can leak power steering fluid and cause engine fires. The probe affects nearly 107,000 vehicles. The investigations could lead to recalls. (AP Photo/Toby Talbot)
DETROIT (AP) ? Chrysler's two top-selling vehicles, the Ram pickup and the Jeep Grand Cherokee SUV, are under investigation by a government agency for safety problems.
The rear wheels can lock up in Rams from the 2009 and 2010 model years, potentially causing crashes, while power steering fluid hoses can leak in 2012 Grand Cherokees, possibly causing engine fires, according to documents posted Monday on the National Highway Traffic Safety Administration website.
The investigations affect up to 230,000 Ram pickups and nearly 107,000 Grand Cherokees. The pickup is Chrysler's top-selling vehicle this year, while the Grand Cherokee is No. 2. The government could make the company recall the vehicles, although no recalls have been required yet. Chrysler says it's cooperating with NHTSA and takes customer complaints seriously.
The safety agency said it opened the investigation after getting a dozen complaints from Ram owners about locking wheels. Gears that allow the wheels to turn at different speeds can fail, causing the wheels to freeze while the trucks are moving, the agency said.
In eight of the complaints, drivers reported they were traveling 35 mph or faster. In four others, drivers were traveling at higher speeds when the wheels locked, causing them to lose control, the agency said. In one case, a truck crashed into a concrete barrier. In another, the problem caused a truck's drive shaft to come loose and puncture the gas tank. No injuries were reported, the agency said.
The Ram is an important money maker for Chrysler Group LLC. The company sold almost 377,000 of the trucks in 2009 and 2010, but some of those sales were from other model years.
Chrysler spokesman Eric Mayne said any customers who are concerned about their vehicles should visit their dealers. He said the Ram and Grand Cherokee are extensively tested to ensure durability and safety.
On the Grand Cherokee, the agency says a hose can leak power steering fluid onto the engine, possibly causing fires. NHTSA said it opened an investigation that could involve nearly 107,000 of the SUVS.
The agency has received one report of power steering hose failure, and two reports of engine compartment fires while the Grand Cherokees were being driven. The fire complaints came in the past month, alleging severe engine blazes that destroyed the vehicles. The cause of the fires has not been determined, although in one case, a driver reported fluid dripping beneath the SUV during the incident, NHTSA said.
No one was hurt in the fires.
The Grand Cherokee, which was redesigned for the 2012 model year, has been a huge seller for Chrysler. Through June, the company sold more than 75,000 of the SUVs. Some 2012 models also were sold last year.