It’s time to sit back, relax and enjoy a little joeÖ
Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of whatís been going on in the world of money and personal finance.
Oy! What a week. On Wednesday the Honeybee woke up at 2 a.m. with mild stomach pain that she thought was a recurrence of an old ulcer. But by 6 a.m., she was not keeping anything down and the pain had become absolutely unbearable for her. Since she is tougher than a bag of nails when it comes to tolerating discomfort and pain, I knew something had to be seriously wrong.
To make a long story short, I raced her to the hospital and, after the doctors drugged her up and stabilized her, they took some X-rays and conducted an ultrasound test that revealed a massive gall stone. Unfortunately for the Honeybee, that meant she had to go under the knife so they could remove her gall bladder.
It was a very long day, but I’m happy to say the surgery went well. The Honeybee is back home now and recovering, but it looks like her days of eating spicy foods may be over. We’ll see. For the next week she’s on a low-fat diet — and she can’t have any fried foods over the next 30 days.
Of course, that means I’ll be on the same diet, so maybe I’ll lose a few pounds this month.
Anyway, it’ll be interesting to see how that missing gall bladder will affect what she can and cannot eat over the coming months.
I hope it’s not too restrictive; I don’t know how long I could go without French fries.
The Way-Back Machine: Past Posts Of Mine You May Have Missed
From September 2011:
100 Words On: A Really Sneaky Way to Reduce Your Bar Tab – I don’t drink much any more — but when I was in my twenties, well … different story. In fact, I really wish I had known about this money hack at the time. It would have saved me lots of cash back when my preferred cocktail was a martini (gin — not vodka — with two olives and a whisper of vermouth).
And Here’s Some Other Posts You Might Enjoy …
Couple Money – 5 Debt Lessons from the Titanic
Northern Cheapskate – What Is Your Clutter Costing You?
The Centsible Life – Men Save $850,000 More than Women — and What You Can Do About It
Budgets are Sexy – Girl Selling Virginity for Millions of Dollars
JoeTaxpayer – Feed the People!
Credits and Debits
Debit: The number of Americans no longer in the labor force topped a record 90 million people at the end of March. The labor participation rate is now just 63.3%; that’s the lowest level since 1979.
Credit: The “good” news is, despite only 88,000 new jobs being created last month, the official unemployment rate dropped to 7.6%. The bad news is the drop is due to the mostly-involuntary exodus of workers leaving the labor force.
Credit: Of course, that’s typical government accounting for you: Using their logic, if everybody eventually drops out of the labor force, then we’ll have full employment. Forward!
Debit: I bet Susan Muranishi is busy working at her government job as an administrator for Alameda County, California. At least she better be; it pays $423,664 annually. For the rest of her life.
Debit: In case you’re wondering, yes, Ms. Muranishi also gets a car allowance of $8,292. Obviously, to help make ends meet. Hey, $423,664 doesn’t go as far as it used to. Besides, despite the recent price drop, gasoline ain’t cheap, folks.
Debit: Elsewhere in California, a federal judge paved the way for the city of Stockton to enter bankruptcy. How did they get in such dire financial straits, you ask? Well, the city of 300,000 people ran up nearly $1 billion in bills on civic improvements and pension contributions.
Debit: Even more outrageous, the city government also handed out ridiculously generous health care benefits to its municipal employees: lifetime coverage for all retirees plus a dependent, regardless of how long they worked. I know.
Debit: But wait … it gets better. According to Cal Watchdog, those health care benefits included no co-pays, no generic requirements, no HMOs, no premiums, and zero restrictions on the choice of doctors, hospitals or drugs. You know, just like Obamacare. Right.
Credit: For what it’s worth, Stockton isn’t very far from Alameda County. I’m sure that’s probably a coincidence. At least I’m pretty sure.
Debit: Speaking of health care … Despite promising otherwise, Health and Human Services Secretary Kathleen Sebelius is finally admitting what everybody with an ounce of common sense knew would happen all along: Obamacare is raising health insurance costs. Tell me about it; my annual premiums have doubled and the copays have tripled since it passed.
Debit: Americans’ quality of medical service will begin its inevitable decline when previously uninsured Obamacare patients begin swamping the system in 2014 — which is why medical providers are now pushing group medical appointments that bring together multiple patients with the same conditions. Isn’t socialism terrific?
Debit: †And you thought seeing the doctor now was unpleasant. Just wait a few more years. An official for the Centers for Medicaid and Medicare Services already lowered Obamacare expectations last week when he said, ďLetís just make sure itís not a third-world experience.Ē That’s not the rhetoric we heard when they were pushing for passage of this debacle.
Debit: By the way, as America continues transforming itself into (your favorite socialist country), perfect strangers aren’t just sharing doctor’s appointments with increasing frequency — communes are back too. In fact, the number of individuals and multiple families living in cooperative households has increased 17% since 2007.
Credit: Then again, maybe that’s because the housing market is on the rebound. The latest home price data shows that the housing market saw its biggest year-over-year price gain since June 2006.
Debit: For the most part, those rising prices are being attributed to declining inventory. However, there’s plenty of evidence that the lower inventory is a sham, driven by banks that are sitting on homes because they refuse to foreclose on their delinquent mortgages.
Debit: Concerns about the veracity of the housing recovery are also backed up by data that shows new single family home sales are at their lowest level in 30 years — despite today’s record-low mortgage rates and tens of millions additional people in the market.
Debit: Let’s face it, the economy stinks. In fact, it’s so bad that a college degree isn’t the job magnet it used to be — at least for securing a high-salaried position. As proof, a McDonald’s in Winchendon, Massachusetts is now requiring applicants to have a bachelor’s degree for a job behind the counter.
Credit: No, I’m not sure if a liberal arts degree would qualify. But if I was a betting man …
By the Numbers
The gall bladder takes bile from the liver, stores it, and delivers it to the intestine as required. Here are some more gall bladder facts, and numbers regarding our recent trip to the hospital:
14 Hours spent at the hospital, from patient admittance to discharge.
20 Minutes it took to drive from my house to the emergency room.
39,849 Minutes it seemed like it took to get to the emergency room.
35 Minutes to perform the surgery. Thankfully, they were able to use a scope, which avoided the need for a large incision.
4 Number of small surgical incisions that were required to remove the gall bladder.
40 Age at which gall stones become increasingly likely to form; more often in women and the obese.
15 Percentage of people who will develop gall stones in their lifetime.
1 Percentage of people with gall stones who will eventually develop severe complications.
Contributing Source: Encyclopedia.com
The Question of the Week
Other Useless News
Programming note: Unlike most blogs, Iím always open for the weekend here at Len Penzo dot Com. Thereís a fresh new article waiting for you every Saturday afternoon. At least there should be. If not, somebody call 9-1-1.
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Top 25 Referrers for March
Itís the first weekend of the month, which means itís time once again to thank the top 25 referring websites to Len Penzo dot Com.
1. MSN: Smart Spending
2. The Simple Dollar
4. Money Talks News
5. Business Insider
6. Budgets Are Sexy
9. Survivalist Boards
10. The Quest for $85,000
12. Control Your Cash
13. Budgeting in the Fun Stuff
14. The Oblivious Investor
15. Wealth Pilgrim
16. Afford Anything
17. Money Crashers
19. Wealthy Turtle
20. Financial Uproar
21. Money Funk
22. Sweating the Big Stuff
23. (tie) Free from Broke
23. (tie) So Over This
25. First Gen American
Thank you to everyone who refers their readers to this little olí blog! Itís much appreciated.
Letters, I Get Letters
Every week I feature the most interesting question or comment ó assuming I get one, that is. And folks who are lucky enough to have the only question in the mailbag get their letter highlighted here whether it’s interesting or not! You can reach out to me at: Len@LenPenzo.com
I had no idea you were a prepper! †
That’s funny. I didn’t know I was a prepper either.
I’m Len Penzo and I approved this message.