‘Pension Paupers’: Dream Time Collapses in Britain

"Pensioners living on pocket money as savings crisis hits millions ... Almost two million retired adults in the UK have less disposable income than the average 11 year-old, as Britain's savings crisis creates a generation of 'pension paupers'. A new survey last night said 15 per cent of men and women in retirement have an income of less than £154 a week, which falls to £8 after essential living costs. Insurance giant LV= claimed the situation was only likely to get worse as over 50s cut the amount they put into their pension pots to cope with the cost of living." Continue reading

Continue Reading‘Pension Paupers’: Dream Time Collapses in Britain

Daily Bell: A Coming Republican Onslaught?

Gallup Delivers a Stunner ... The real historical parallel may be 1894 when Republicans took 100 seats ... As Election Day draws closer, every major public opinion poll shifts from interviewing registered voters to those whom it identifies as "likely" voters. Gallup, the oldest U.S. polling company, first developed the model it uses for identifying likely voters back in 1950 and its final election polls have proven highly accurate. Gallup delivered its first 2010 "likely voter" poll and the results floored the political community. In the generic ballot question, which asks which party a voter would favor in a generic House contest, Gallup gave the GOP a 46% to 42% edge. But then Gallup applied two versions of its "likely voter" turnout model. In its "high turnout model," Republicans led Democrats by 53% to 40%. In its "low turnout model," the GOP edge was a stunning 56% to 38%. That kind of margin in favor of Republicans has never been seen in Gallup surveys ... Michael Barone, co-author of the Almanac of American Politics, says either of the Gallup turnout models would produce "a Republican House majority the likes of which we have not seen since the election cycles of 1946 or even 1928." Mr. Barone says the historical parallel might no longer be 1994, when the GOP gained 54 House seats, but instead 1894, when Republicans gained more than 100 House seats in the middle of the economic downturn that engulfed Democratic President Grover Cleveland. – Wall Street Journal Dominant Social Theme: The Republican majority is on its way back! Reference also GiN Series post here under Nebraska category on CLibertyC on this topic . . .

Continue ReadingDaily Bell: A Coming Republican Onslaught?