Friday, November 25, 2011

My Fathers fortune by Michael Frayn

Every now and again you read a book that tells you more about yourself than about the protagonists.This book - reviewed her on elderjuice.com - is a delight,profoundly moving and thought provoking

Wednesday, November 23, 2011

Stars on elderjuice

Elderjuice likes stars rather than celebrities. We have Daniel O'Donnell. We have Reginald D.Hunter We have Anthony Newley.
And soon we will have Dorothy Squires and Alexander Mccall Smith.
Worth a read

Wednesday, October 19, 2011

Thursday, October 13, 2011

Monday, September 26, 2011

Saturday, September 24, 2011

GETTING THE MOST FROM ELDERJUICE.

Visit elderjuice.com. It is a site aimed at the over 50s, with offers for older people.Elderdating.co.uk as a resource for older people looking for friends, for romance or something more. Soon there will be insurance and travel subsidiaries. Airport parking with special offers for elderjuice readers, as well as offers from Marks and Spencer, B&Q and John Lewis.
If you are over 50, interested in arts and entertainment,lifestyle, astrology,charity, travel, making new friends and finding about our amazing over 50s world, then read elderjuice.com

Monday, September 19, 2011

Daniel O'Donnell, Alexander McCall Smith

Coming soon on elderjuice.comEXCLUSIVE ELDERJUICE INTERVIEWS
* Irish singing superstar, Daniel O'Donnell
* Worldwide best-sellling author, Alexander McCall Smith.


RETIRING TO THE SUN
* Financing your Spanish villa
* Things to do in Spain
* Using Spain as a base


AND MORE...
* Your October astrological charts
* Political debate: Lenny the Lefty vs Toby the Tory
* Money: Mr Frugal vs Mr Lavish


PLUS...
Travel..film..books..families..dating..shopping..
health..fitness..motoring..technology..pets..
fashion..humour..food & drink.

Thursday, September 08, 2011

Find the TV remote

When you get to my age, there are certain things like the remote for the TV which are hard to find. ELDERJUICE has the definitive guide....

Monday, August 29, 2011

September's stars

Silver, Elderjuice's resident astrologer, has posted her September readings. He whole year book for 2012 will be available to buy through Elderjuice from November

Thursday, July 28, 2011

A holiday for £100!

This Friday, 29th July, Easyjet holidays are offering 100 fantastic holidays for just £100,
Elderjuice.com has the special offer right here!

Wednesday, July 27, 2011

Sunday, June 19, 2011

Friday, June 10, 2011

Elderjuice already

well very nearly.
We will be live Tuesday 14th June 2011.
Please come and see us...

Saturday, April 30, 2011

Elderjuice

You might have noticed there is an Elderjuice blog.
Actually, there is an elderjuice.com website coming soon.
So if you want to read any of my musings in future, you'll need to find them there...

Sunday, March 13, 2011

Tsunami shmunani

Yes the devastation and loss of life is terrible in Japan. Yes it will cost billions to sort out and people's lives will be forever changed. Yes you wouldn't wish it on your worst enemy ( well actually you might)
But there is just a little contarrian view to this.
Japan has been struggling for years with demand problems within it's economy and effectively a 20 plusw year standstill - which amongst other things has allowed C hina to overtake it on one measure of trading power.
Just think for a moment. All that infrastucture and material goods (roads,cars,planes, trains, houses etc etc) will all have to be rebuilt and replaced.The fiscal stimulus will be a geometric size bigger than all the government stimuli over the last umpteen years.
All the money the insurance companies sit on doing nothing will all come out of mothballs, and hey, it'll go into making things and building things and employing people.
I thjink that's what's called a light at the end of the tunnel ( and not a bullet train speeding towards you either)

Thursday, February 10, 2011

How to be a succesful, beloved president ( or Prime Minister)

It should not be forgotten that is was the era when Communism was smashed, when Britain re-gained it's self-respect, and STILL people in Scotland hate Maggie Thatcher with a venom and bile that defies description. Of course, they hate her ( and Reagan) because they were made to face reality.
Sadly, I don't think the present government has it in them to do the same.




By ARTHUR B. LAFFER
For 16 years prior to Ronald Reagan's presidency, the U.S. economy was in a tailspin—a result of bipartisan ignorance that resulted in tax increases, dollar devaluations, wage and price controls, minimum-wage hikes, misguided spending, pandering to unions, protectionist measures and other policy mistakes.

In the late 1970s and early '80s, 10-year bond yields and inflation both were in the low double digits. The "misery index"—the sum of consumer price inflation plus the unemployment rate—peaked at well over 20%. The real value of the S&P 500 stock price index had declined at an average annual rate of 6% from early 1966 to August 1982.

For anyone old enough today, memories of the Arab oil embargo and price shocks—followed by price controls and rationing and long lines at gas stations—are traumatic. The U.S. share of world output was on a steady course downward.

Then Reagan entered center stage. His first tax bill was enacted in August 1981. It included a sweeping cut in marginal income tax rates, reducing the top rate to 50% from 70% and the lowest rate to 11% from 14%. The House vote was 238 to 195, with 48 Democrats on the winning side and only one Republican with the losers. The Senate vote was 89 to 11, with 37 Democrats voting aye and only one Republican voting nay. Reaganomics had officially begun.

President Reagan was not alone in changing America's domestic economic agenda. Federal Reserve Chairman Paul Volcker, first appointed by Jimmy Carter, deserves enormous credit for bringing inflation down to 3.2% in 1983 from 13.5% in 1981 with a tight-money policy. There were other heroes of the tax-cutting movement, such as Wisconsin Republican Rep. Bill Steiger and Wyoming Republican Sen. Clifford Hansen, the two main sponsors of an important capital gains tax cut in 1978.

View Full Image

Associated Press

Ronald Reagan after signing his first tax cut, Aug. 14, 1981.
What the Reagan Revolution did was to move America toward lower, flatter tax rates, sound money, freer trade and less regulation. The key to Reaganomics was to change people's behavior with respect to working, investing and producing. To do this, personal income tax rates not only decreased significantly, but they were also indexed for inflation in 1985. The highest tax rate on "unearned" (i.e., non-wage) income dropped to 28% from 70%. The corporate tax rate also fell to 34% from 46%. And tax brackets were pushed out, so that taxpayers wouldn't cross the threshold until their incomes were far higher.

Changing tax rates changed behavior, and changed behavior affected tax revenues. Reagan understood that lowering tax rates led to static revenue losses. But he also understood that lowering tax rates also increased taxable income, whether by increasing output or by causing less use of tax shelters and less tax cheating.

Moreover, Reagan knew from personal experience in making movies that once he was in the highest tax bracket, he'd stop making movies for the rest of the year. In other words, a lower tax rate could increase revenues. And so it was with his tax cuts. The highest 1% of income earners paid more in taxes as a share of GDP in 1988 at lower tax rates than they had in 1980 at higher tax rates. To Reagan, what's been called the "Laffer Curve" (a concept that originated centuries ago and which I had been using without the name in my classes at the University of Chicago) was pure common sense.

There was also, in Reagan's first year, his response to an illegal strike by federal air traffic controllers. The president fired and replaced them with military personnel until permanent replacements could be found. Given union power in the economy, this was a dramatic act—especially considering the well-known fact that the air traffic controllers union, Patco, had backed Reagan in the 1980 presidential election.

On the regulatory front, the number of pages in the Federal Register dropped to less than 48,000 in 1986 from over 80,000 in 1980. With no increase in the minimum wage over his full eight years in office, the negative impact of this price floor on employment was lessened.

And, of course, there was the decontrol of oil markets. Price controls at gas stations were lifted in January 1981, as were well-head price controls for domestic oil producers. Domestic output increased and prices fell. President Carter's excess profits tax on oil companies was repealed in 1988.

The results of the Reagan era? From December 1982 to June 1990, Reaganomics created over 21 million jobs—more jobs than have been added since. Union membership and man-hours lost due to strikes tumbled. The stock market went through the roof. From July 1982 through August 2000, the S&P 500 stock price index grew at an average annual real rate of over 12%. The unfunded liabilities of the Social Security system declined as a share of GDP, and the "misery index" fell to under 10%.

Even Reagan's first Democratic successor, Bill Clinton, followed in his footsteps. The negotiations for what would become the North American Free Trade Agreement began in Reagan's second term, but it was President Clinton who pushed the agreement through Congress in 1993 over the objections of the unions and many in his own party.


President Clinton also signed into law the biggest capital gains tax cut in our nation's history in 1997. It effectively eliminated any capital gains tax on owner-occupied homes. Mr. Clinton reduced government spending as a share of GDP by 3.5 percentage points, more than the next four best presidents combined. Where Presidents George H.W. Bush and Bill Clinton slipped up was on personal income tax rates—allowing the highest personal income tax rate to eventually rise to 39.6% from 28%.

The true lesson to be learned from the Reagan presidency is that good economics isn't Republican or Democrat, right-wing or left-wing, liberal or conservative. It's simply good economics. President Barack Obama should take heed and not limit his vision while seeking a workable solution to America's tragically high unemployment rate.

Mr. Laffer is the chairman of Laffer Associates and co-author of "Return to Prosperity: How America Can Regain Its Economic Superpower Status" (Threshold, 2010).

Wednesday, February 02, 2011

How very very true....

A father walks into a restaurant with his young son..
He gives the young boy three 10p coins to play with to keep him occupied.

Suddenly, the boy starts choking and going blue in the face....
The father realises the boy has swallowed the coins and starts slapping him
on the back..
The boy coughs up 2 of the 10p's but is still choking.
Looking at his son, the father is panicking, shouting for help.

A well dressed, attractive, and serious looking woman, in a blue business
suit is sitting at a coffee bar reading a newspaper and sipping a cup of
coffee.

At the sound of the commotion, she looks up, puts her coffee cup down,
neatly folds the newspaper, places it on the counter, gets up from her seat
and
makes her way, unhurried, across the restaurant.

Reaching the boy, the woman carefully pulls down his pants; takes hold of
the boy's' testicles and
starts to squeeze and twist, gently at first and then ever so firmly..
tighter and tighter !!!
After a few seconds the boy convulses violently and coughs
up the last of the 10p's, which the woman deftly catches in her free hand.

Releasing the boy's testicles, the woman hands the coin to the father and
walks back to her seat at the coffee bar without saying a word.

As soon as he is sure that his son has suffered no ill effects, the father
rushes over
to the woman and starts thanking her saying, "I've never seen anybody do
anything like that before, it was fantastic. Are you a doctor? "
'No,' the woman replied. I'm with the Inland Revenue..'

Sorry for the delay...

Dear Reader I apologise for the lack of posts.
Several conjunctions have rendered me helpless in the face of technology, of work and indeed lack of ideas.
But today - Halleluliah! - something caught my eye.
Fraser Nelson makes the very valid point over on Coffee House that a great man once said
"Economic forecasting only exists to make astrologers look good."
There is however one prediction I will make.
Whatever governments, businesses, individuals do, however much they borrow or save, however much they spend or hoard, the present malaise will only cure with time and the eighth wonder of the world.
That's compound interest, in case you don't know.
PS I apologise for the present blackness of the blog.
A well meaning friend fiddled - and somehow we can't fiddle it back.....