Recent Posts

Pages: 1 [2] 3 4 ... 10
11
Gossip & Opinions / Re: GM goes bankrupt and you get f*cked
« Last post by Dave D on Today at 09:05:28 PM »
62.

He said had a GM pension until 2012 (age 75) when they went bankrupt and the pension stopped along with his medical care.

He must have taken the lump-sum pension buy-out as indicated in the article below.

Medicare only covers so much and has lifetime limits which his wife may have exceeded.

He and his wife would have been on Medicare at age 75.

Here's an article describing what happened with the GM pension for Union employees.

https://legalclarity.org/what-happened-to-the-gm-pension-with-prudential/

He must have been a salaried employee, not Union.

https://www.forbes.com/sites/joannmuller/2012/06/01/gm-unloads-26-billion-in-white-collar-pensions-could-union-workers-be-next/

General Motors said Friday it will offer 42,000 white-collar retirees in the U.S. a lump-sum payment in lieu of their monthly pension check and will transfer pension responsibility for 76,000 others to a group annuity plan managed by Prudential Insurance.

GM isn't the first to try to unload a huge chunk of its pension debt. . In April, Ford said it would offer 90,000 of its retired engineers and office workers the chance to take a lump sum payment now and forgo their monthly pension checks for the rest of their lives. That program is just getting under way so it is too early to know how many people will accept.

GM's offer comes with a twist, though: the option to continue receiving the same monthly benefits from Prudential through a group annuity plan. That could be more appealing to retirees worried about whether their money would last if they accepted a a lump-sum. Eligible retirees have until July 20 to decide on their payment options.  The transactions are expected to be completed by the end of 2012, and Prudential would then assume responsibility for the pensions in January 2013.


I didn’t think Medicare has  lifetime limits. There are limits to hospital stay length. And depending on your coverage there is a portion that is paid, but at that age they aren’t garnishing wages.

You have to enroll in the program at 65 and they will cap what you can receive? Seems like a scam program. Poor guy was probably tricked into paying his wife’s medical bills.

Okay I just read the first linked article. Pension wasn’t lost it transferred ownership. I’ll read the second article and adjust my comment but if he took the lump sum in 2012 he obviously thought he wasnt living this long or he thought Prudental was going belly up.

I wonder how long before government pensions become privatized annuities?
12
Gossip & Opinions / Re: Bitcoins - about to hit $5,000 per coin today!
« Last post by Mayday on Today at 08:51:23 PM »
Eth will probably put in a parapolic move on the next BTC run to ATH/local top.

Altseason has been staggered with a single large alt moving with each new BTC all time high

First BTC hits a ATH and then finds a local top. Alongside this a selected Alt and its ecosystem puts in a parabolic move and tops out.

Q4 2024 TRON topped

Jan 2025 was SOL

Summer 2025  XRP

Oct 2025 BNB

Only ETH left now, but it needs BTC to run first

There is always the possibility.

Although BTC has been losing steam the past year. First move up we pulled back 1 level, next move up we dropped 2 levels, last move up we dropped 3 levels. Each high was lower % gain. This last pullback is the first time we have gone below a prior top.

156k is in the bag for next top target so that's what matters. It's a nice sizeable move above the last ATH but it needs oomph, not an asthmatic push.

DXY will fuck people. a little tick down, BTC tags 99k then Jan to Apr bloodbath is likely. Target is 1.05 Sep next year.  Run out to 2028 could be super rocky which makes me talk 2033, hence once Trump won i lengthened my timeframe because it's basically lost until it isn't.

I had ETH at 5.1k top. We got 4,950 so pretty bloody close. Like last time, the strategy is to keep people in, hoping for one last pump. I don't lwatch crypto because it's just a huge waste of time. If the too is in, it's like 3yrs of pretending it isn't lol.
13
Gossip & Opinions / Re: Russia has penetrated Ukraine
« Last post by obsidian on Today at 08:21:32 PM »
Problem is the stated Samson Option. Bringing down the whole planet with them if they are existentially threatened. This gives them tremendous leverage and it's a very hard problem to solve. They have said they have nukes pointed everywhere in the world, all major cities. US ambassador to Israel just met with the traitor Jew who stole nuclear secrets from the US.

https://en.wikipedia.org/wiki/Samson_Option


Which is why JFK opposed Israel's nuclear ambitions. And we all know what happened to him.

Israel can have their Samson Option. They are screwed if they ever attacked other nations with their nukes. It's a small land-area. At least Russia has holdouts in mountains and a vast terrain. Israel would be obliterated with one or two Tsar Bombas.
14
Gossip & Opinions / Re: Russia has penetrated Ukraine
« Last post by obsidian on Today at 08:18:12 PM »
Well they're in 'peace meetings' now.

Whether a sham or not, we'll see.
That’s because Trump is pushing for a peace deal — he clearly wants that Nobel Peace Prize moment, lol. He’s the one who invited Putin to Alaska; that wasn’t something Putin initiated. And even after that meeting, Russia continued its SMO.

Ukraine and the collective West want a ceasefire so they can regroup and rebuild their military capacity. But Russia is currently winning, so they have no incentive to freeze the conflict at the existing front lines. Why would they? They’re holding all the leverage right now and outproducing the West by orders of magnitude.
15
Gossip & Opinions / Re: Russia has penetrated Ukraine
« Last post by obsidian on Today at 08:14:03 PM »
Col. Macgregor claims Russian forces are roaming free without resistance in Odessa and Kiev.

16
Gossip & Opinions / Re: Can you name this bodybuilder?
« Last post by obsidian on Today at 08:07:45 PM »
Probably an easy one to guess....


Rich Piana? Born 1970.

17
Gossip & Opinions / Re: Atheism Is Pure BS
« Last post by obsidian on Today at 08:03:28 PM »
Stop the bullshit. No evidence = we conclude there are no aliens or anything supernatural until we do have hard evidence. So far nil. Of course the naive will believe almost anything.
You’re saying “no evidence = we conclude there’s no supernatural cause, no aliens, no anything.” But that logic cuts both ways. There is also no evidence that the Universe can arise from true nothing by purely natural processes. Not “a vacuum,” not “quantum fields,” not “energy fluctuations” — those aren’t nothing. Those are somethings.

If your position is that the Universe emerged naturally, you’re still assuming an unexplained starting point. That’s not evidence-based; it’s a philosophical preference  just like believing in a creator is a philosophical preference.

So if you reject the supernatural due to lack of evidence, you also have to reject “natural origins from nothing” for the same reason. Otherwise it’s not science you’re defending, it’s your personal worldview.
18
Gossip & Opinions / Re: Atheism Is Pure BS
« Last post by Vince B on Today at 07:44:17 PM »
a lack of evidence isnt a conclusion..

Stop the bullshit. No evidence = we conclude there are no aliens or anything supernatural until we do have hard evidence. So far nil. Of course the naive will believe almost anything.
19
Gossip & Opinions / Re: Everything is becoming worse…
« Last post by tacobender on Today at 07:33:46 PM »
I listened to a commentary about this with restaurants, all the commercial food is produced by the same company, Sysco, and there’s no difference between the quality from restaurant to restaurant.
I heard Sysco is trash
20
Politics and Political Issues Board / Re: The 2026 Midterm Election
« Last post by Primemuscle on Today at 07:27:42 PM »
They run their entire campaigns over TDS instead of substance and talking about issues for the people.

Do you consider this substance and talking about issues for the people?
Pages: 1 [2] 3 4 ... 10