Fortunately i had no documents or cash in the house. Since they didn't take our camera (i don't know why?) with all the pictures in the memory card we missed only some gold & silver items.
Some advice from the police:
If possible have 2 types of lock's in the door. If they want to break in your house they will do it. However if you have 2 types of lock's it's too much trouble & noise and the go to the next House.
If you have a safe in the house they will break it and if they can't do it they will ruin everything trying. If you don't have a lot don't have a safe.
This is the first time i am robbed ! not typical of Lisbon. Police say it's a eastern Europe gang that are only interested in Gold.
From WSJ
For Andrea Tarquini, a 44-year-old son of two pensioners, returning home was an extreme solution. He had left at age 22 and worked in a call center. He lost that job four years ago and tried to start a video production company. When it struggled, he was forced last December to move back home, where his movie posters, DVDs and books now contend for space with his mother's oil paintings and his nephews' toys.
"I feel guilty because my choices are falling back on them," he says. "My parents have become my social safety net once again."
If this was an isolated story but this is a trend. In Europe there are not enough job's for everybody. Not in Europe and in the world the situation is going to be the same.
why?
1.Automation. 1 Person with a machine can do the work of 1000 people
2.There is oversupply of almost everything. No one is building a new factory
3. Deleveraging People funded their purchases with credit for the last 20 years now it's difficult to borrow more.
4.Zero top line growth in the world. The only way to make more profits is to cut costs. Labor is a cost.
Only inefficiency can create job's!
We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come – namely, technological unemployment. This means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.
John Maynard Keynes 1930
There is a way out. Be Nice
http://thoughtmeme.blogspot.pt/2014/06/be-nice-or-be-fired.html
In Portugal we built many football stadiums for the Euro 2004 that now are empty and no one wants to use & Pay. Waste of money to build a stadium to do 5 games.
According to Zero Hedge in Greece is the same thing. All the facilities from Athens Olympics are also idle.
In total, Greece spent over $10 billion on the Games. "The Games were a lost opportunity, no doubt about it," admits former Athens 2004 spokesman Stratos Safioleas.
Sadly for the broke country, that is an understatement. Here, ten years later, is the wasteland which is all that's left of the 2004 summer Olympics.
The swimming pool where Michael Phelps won six gold medals is now completely empty
http://www.zerohedge.com/news/2014-08-07/ten-years-later-greek-olympic-wasteland-photos
If governments want to spend money they should build 3 things and only 3 things:
1.Irrigation channels
2.River Dams
3.Solar parks
why? because they will return money forever. you spend the money now and you get a dividend forever. Don't build stadiums, shopping centers or roads.
From WSJ,
Programming Is a Trade; Let's Train Accordingly
If you're a young person who is thinking about becoming a computer programmer but can't afford college, you might think about skipping college altogether, says Ryan Carson, co-founder of an online coding school.
And he isn't alone. In interviews with other code-school founders, I heard the same story again and again: Committed programming students are getting jobs whether or not they have a college degree and whether or not they are starting careers or switching, midlife, from another field.
The only think that is in demand in the world is people who know how to program. It's simple. teach your kids how to do it. Do it now.
To learn Economics or management as i did 30 years ago doesn't work for the simple reason that what you learn doesn't work in the real work! Yes you read well, it doesn't work. When you finish management or an MBA you are equipped to say certain words, (downsizing, synergies, etc...) nothing more! It's a bit useless, to work at a real job with clients, etc... you learn more than in a MBA.
Aug. 6 (Bloomberg) -- Italy returned to recession and
German factory orders dropped the most since 2011 as political
tensions and slowing global growth threaten the euro area’s
recovery.
Italy’s economy shrank 0.2 percent in the second quarter
after contracting 0.1 percent in the previous three months, the
national statistics institute Istat said in Rome today. German
orders slid 3.2 percent in June from May, data from the Economy
Ministry in Berlin showed. Both reports were worse than forecast
by economists in separate Bloomberg News surveys.
The production of too many useful things results in too many useless people
― Karl Marx
the way i see the world is
1.Oversupply of everything
2.No need to build a new factory because the existing factories are working at 60%
3.No need to hire new people
4.Lack of demand
5.No room to grow demand with leverage or borrowed money
In this environment there is no top line growth. To me the only place where is still possible to make some money is in companies with some monopoly/brand. But these companies are getting expensive.
How did we sort this kind of problems in the past?
with a war and the destruction of the capacity
An aspirin a day could dramatically cut people's chances of getting and dying from common cancers, according to the most detailed review yet of the cheap drug's ability to stem disease...... There would be an overall 9% reduction in the number of cancers, strokes and heart attacks suffered by men and a fall of 7% in women.
Cuzick acknowledged that people generally did not like taking pills for a long period, although, he said, some were "more than happy to take multivitamins for many, many years without any clear evidence of benefit. It is a regular habit."
http://www.theguardian.com/science/2014/aug/06/aspirin-could-dramtically-cut-cancer-risk-say-scientists-biggest-study-yet
Well i have noticed that taking multivitamins is worthless for the bike. No visible benefit. No feeling stronger. I guess the body cannot use the chemicals when they came in a pill vs when they are in the proper foods. It's better to take 1 ASPIRIN a day instead! there is a visible benefit. 9% reduction is a lot!
