Wait Till 70 for Social Security? Nope

Schroders surveyed pre- and post-retirees 45 and older and found that only 10% planned to wait until 70 to claim benefits.

Wait Till 70 for Social Security? No Way, Say Most Americans: Survey — https://www.thinkadvisor.com/2021/06/24/wait-till-70-for-social-security-no-way-say-most-americans-survey/

It is painfully obvious to me that the majority of Americans are claiming benefits at both early and full retirement ages because they need the money and can’t afford to wait until age 70. Only healthy elders on financially sound footings will be deferring social security payments until their later years.

Yikes!

Flaming Lips Play the World’s First Space Bubble Concerts in OKC

“It does prevent that thing where people start to get drunk and the music is loud and they start screaming into each other’s face, which is the way that the COVID-19 is most spread. … Not screaming bad, but that’s just how conversations are when you’re at big gatherings,” Wayne Coyne said. “You can be in a Space Bubble with your friends that came to the show with you who you’ve been with your whole time and you know aren’t sick.”

In response to COVID, Flaming Lips on the verge of playing ‘the World’s First Space Bubble Concerts’ in OKC — https://oklahoman.com/article/5680749/in-response-to-covid-flaming-lips-on-the-verge-of-playing-the-worlds-first-space-bubble-concerts-in-okc

Two sold out shows this weekend. The video is from the “test” concert October 2020.

Watch the video and your opinion about Oklahoma will forever be changed.

American Democracy is in No Imminent Danger — Benjamin Studebaker

In 2014, I finished an MA thesis at the University of Chicago. In that thesis, I argued that as economic inequality increased, American politics would return to the sharp political divisions of the 1930s, with both left-wing and right-wing radical movements popping up all over the place. Recently, I finished a PhD thesis at the […]

American Democracy is in No Imminent Danger — Benjamin Studebaker

A very interesting and thought provoking article. Enjoy.

Every Day is an Emergency – Psychiatric Bed Shortages Nationwide

The pandemic and the parallel economic crisis have fueled new concern about access to mental health care. An estimated 40% of American adults are have a condition involving mental illness or substance abuse. In June, federal health officials reported nearly 11% percent of adults surveyed seriously considered suicide during the past 30 days.

‘Every day is an emergency’: The pandemic is worsening psychiatric bed shortages nationwide — https://www.statnews.com/2020/12/23/mental-health-covid19-psychiatric-beds/?utm_campaign=rss

We are just ten months into the Great Pandemic and I fear conditions will get worse before they get better.

Movie Theaters Got Annihilated in 2020

Through 2019, the way movie theaters tried to deal with this structural decline in moviegoers was by raising ticket prices, offering big comfortable chairs to justify those ticket prices, installing bars with overpriced beer and food, and cranking up prices for popcorn and sodas. Fewer people paying a lot more money was the trick to maintain revenue growth.

And because going to the movies got so expensive and because much cheaper options have increasingly been available on the big screen at home, the number of tickets sold continued to drop. Go figure.

After 17 Years of Falling Ticket Sales, Movie Theaters Got Annihilated in 2020 — https://wolfstreet.com/2021/01/10/movie-theater-ticket-sales-after-falling-for-years-got-annihilated-in-2020/

The local movie theater which closed in March 2020 has yet to reopen. I doubt they ever will.

“There are people close who are in need”

Several churches joined forces to distribute food on Friday as part of the “Simultaneous Free Food Giveaway.

“The Rev. Derrick Scobey, senior pastor of Ebenezer Baptist Church, helped coordinate the event, partnering with World Vision and Joey Abbo, chief executive officer of the Needs Foundation. The humanitarian aid organization and the foundation supplied the food that was distributed on Friday.

Oklahoma churches, leaders join forces for ‘simultaneous’ food distribution — https://oklahoman.com/article/5678143/oklahoma-churches-leaders-join-forces-for-simultaneous-food-distribution

If you have the means to help please help others in need.

Failure to Launch – 2020

Failure to Launch was a movie released in 2006 starring Matthew McConaughey. Failure to Launch 2020 version is summarized in this chart:

Failure to Launch 2020 – Over Half of U.S. Young Adults Now Live With Their Parents – https://www.visualcapitalist.com/us-young-adults-living-with-their-parents/

“Everybody has a plan until they get punched in the mouth”

“Everybody has a plan until they get punched in the mouth.”

Mike Tyson

The drop in the volume of employment in a given sector always has a ripple effect in the national economy. The loss of so many high-paying jobs in a short time will be a dent in the coffers of Los Angeles County and for New York state in the short term. Michele Evermore, senior policy analyst for the Washington, D.C.-based National Employment Law Project, says it hits at a time when other industries are undergoing similar sweeping realignments with huge human toll.

“Nobody’s got a plan for how to transition these massive sectors of the workforce into a different thing,” Evermore says.

Hollywood Grapples With Mass Layoffs as the Biz Redefines Itself for Streaming Future — https://variety.com/2020/tv/news/hollywood-layoffs-streaming-future-1234838650/

I sat for a few minutes thinking about what to write next when Charlie Hunter popped into my head. Hunter titled one of his albums with the Tyson quote.

Which was then followed by some great advice from Charlie on his strategy for success and survival in the years to come.

Don’t wait until you get punched in the mouth to make your Plan B. And while you’re at it you might want to come up with a Plan C as well.

Scary Charts San Francisco Edition – Nov. 2020

There were 2,532 homes listed for sale in San Francisco at the end of October, up 77% from the same week a year ago, according to data from Redfin. About two-thirds were condos. According to data from Compass, inventory of condos for sale was up 85% year-over-year. Inventory of single-family houses was up 25%:

Condo Prices Drop 9% in San Francisco, All-Time Record Inventory Glut Piles Up — https://wolfstreet.com/2020/11/05/condo-prices-drop-9-in-san-francisco-all-time-record-inventory-glut-piles-up/

Meanwhile in Aspen…

In 2019 throughout the entire year, 27 residential properties sold for a price over $10 million. So far this year, a record 48 properties have sold for prices over $10 million, of which 39 have sold since April. This is twice the volume of 2019 and we still have almost four months remaining in the year.At the beginning of 2019, the median price per square foot of a residential property in Aspen was about $1,350. At the end of August, that median square-foot price had risen roughly 15% to about $1,550. In the Snowmass market at the beginning of 2019, the median price per square foot for a residential property was about $680. At the end of August, that median price had risen to about $760, a roughly 12% increase.

Small: The pandemic and rising real estate values locally — https://www.aspendailynews.com/opinion/small-the-pandemic-and-rising-real-estate-values-locally/article_3d9ffcfc-fbaa-11ea-8b7b-379359f41398.html

And since I have your attention down here near the end of the post about that mask debate in Oklahoma…

https://coronavirus.health.ok.gov/ Weekly Epidemiology and Surveillance Report
…the needs of the few