The NY Times, that beacon of superb journalism, is still listing "European Union Moves Toward a Bailout of Greece" on their business page.
The NY Times is actually quite accurate (sorry, no time to translate at this time). There is no way out for Germany after a statement as definitive as this:
Griechenland kann bei der Überwindung seiner Fiskal- und Wirtschaftskrise auf Unterstützung der europäischen Institutionen und der Mitgliedsländer des Euroraums zählen. Wie Bundeskanzlerin Angela Merkel am Montag in Hannover sagte, sei Voraussetzung dafür aber, dass sich Athen mit aller Kraft daran macht, wieder auf den Pfad des europäischen Stabilitäts- und Wachstumspakts einzuschwenken. „Jedes Land muss sich zunächst selber helfen“, sagte sie. Anders sei das Vertrauen der Finanzmärkte nicht zurück zu gewinnen.
Griechenland kann bei der Überwindung seiner Fiskal- und Wirtschaftskrise auf Unterstützung der europäischen Institutionen und der Mitgliedsländer des Euroraums zählen. Wie Bundeskanzlerin Angela Merkel am Montag in Hannover sagte, sei Voraussetzung dafür aber, dass sich Athen mit aller Kraft daran macht, wieder auf den Pfad des europäischen Stabilitäts- und Wachstumspakts einzuschwenken. „Jedes Land muss sich zunächst selber helfen“, sagte sie. Anders sei das Vertrauen der Finanzmärkte nicht zurück zu gewinnen.
Google translation:
Greece can overcome its fiscal and economic crisis to count on the support of the European institutions and member countries of the euro area. As Chancellor Angela Merkel said on Monday in Hanover, was a prerequisite but that Athens with all the force of it makes, as to join back to the path of the European Stability and Growth Pact. "Every country must first help themselves," she said. Unlike the confidence of financial markets was not to recover.
For those of you who have gotten behind in Shedlock's fascinating internet reading and updated rendition of the brilliant James Dale Davidson and Lord Willian Rees-Mogg's book (both authors were affiliated with Agora as was Shedlock, much later, around 2003) published in 1991, "The Great Reckoning. How the world will change in the depression of the 1990's", Shedlock is on chapter 14, page 424 (Politicians will make things worse) and page 425, Privatization of government service. From page 425, " Community groups will supplement declining police patrols with private security details. More corporations will hire outside services to protect their premises against invasion by criminals. Karate studios and martial arts training programs will be profitable. And wealthy individuals will increasingly hire bodyguards, as is common in Latin America". On page 426, "The construction and maintenance of highways will be increasingly turned over to private companies that will recover their investments by collecting tolls on bridges and major arteries". From page 411, Medical Services: "Physicians, dentists, optometrists, and other health practitioners fared poorly in the depression of the 1930s".
Without looking up the numbers (I do more than most) I'd say union non-government jobs have shrunk drastically. Union government jobs have probably not grown much at all.
Mish is a fool if he thinks the "war" will be union versus non-union wage slaves. Mish is a banker, and he is right to be afraid.
Greece can overcome its fiscal and economic crisis to count on the support of the European institutions and member countries of the euro area.
The translation of this sentence is key and it says that "Greece can count on the help of the EU". This is enough to insure help if Greece sticks to the prereqs of the EU.
Why is the popular belief so strong that gas prices will "forever go up"? (or at least, "must go up in summer", without any shred of doubt or any analysis of factual reasons)
The only rationale that makes sense would be that although demand went down, quoted as dropping since 2004; the supply is falling even faster. Or that globally, there really is a huge demand monster on the other side of the world, even when the USA demand monster stops consuming oil.
Bubblisimo Gerkinov - How much of military is union? (serious question)
None, it's a brotherhood, extended to sisters.
DoD civilians are GS union members, and then you have us blood sucking leaches called contractors. Both union and non.
Civil Service; probably all of them that are permanent employees, though not temps, ect. Contractors? Probably none of them. Who wants mercenaries that might "go on strike" in the middle of a battle?
The only rationale that makes sense would be that although demand went down, quoted as dropping since 2004; the supply is falling even faster. Or that globally, there really is a huge demand monster on the other side of the world, even when the USA demand monster stops consuming oil.
China and India will need a lot of oil. You might want to check out Dr. Stephen Leeb's new book for an extremely ey description of the problem.
Edit: I think Leeb's description of the future is basically Game Over, unless something very big changes. And he goes into discussions that most attempts at reducing oil consumption will probably fail due to shortages of everything else.
creditcriminalslovetarp - Thanks for finding the link, I don't navigate CNBC well, heck I don't even have a bookmark for it.
They also pointed out on air that the program was still needed because the housing market still has not improved since the start of the program and was still needed. I translated that to still being toasted.
I agree with you. The tea party movement forgets the little details as the where the percentages are.
I doubt that Mish is heavily involved, if involved at all, in the tea party movement beyond lip service. I thought after a re-read that perhaps he was lumping the govt. workers with Cadillac healths plans and all into one group that might eventually draw the wrath of the plebeians. It might be hard for the average American to get to members of TPTB on their Costa Rican estates with armed guards.....
I think you are probably correct yogi. He wishes the war would be between the wage slaves on union and non union stripes so as to defer from the true villains...He can sit back and cheer on "his side" (the ones that will work the cheapest with no benefits) and remain aloof and unharmed. Fantasy...he needs to step away from Rand.
It's either that, or gasoline hedge/investment cronies needs a high price for gas or they go bankrupt.
(just like US banks "need" a high house price otherwise even the US Govt could go down...)
There's enough powerful-people burned by hoarding crude oil when it went to $120+ that I believe they're still trying to push back the realization of that loss. Is the fleet of oil tankers as storage being drawn down at all, or are PBTB just pushing the can down the road?
Okay, then what employer is the largest union employer? The Detroit Three?
That would be my guess, but I don't know and it wasn't my point. I'd be surprised if any single employer, USG or otherwise, actually employed a majority, as in over 50%, of all union members. And wasn't that the original claim?
They should just end the charade now and eliminate the need for mortgage insurance entirely for Fannie/Freddie, to help move them closer to merger with the FHA. Then at least we can stop paying Fannie/Freddie employees private sector salaries for mimicking the work of their public sector counterparts.
I just received my completed, signed loan mod documents back from Saxon. I guess I can celebrate now that I have it in writing and already locked in the fire safe.
I thought it was said that there are more government union workers than non-government union workers. For why that statistic is meaningful in any way, you'll have to ask Cinco the linko.
Hiring after the inventory increases are well underway. I don't think so. Businesses can operate pretty lean for a long time in the absense of final demand.
Where is the group to support Bunning for trying to prevent unfunded spending?
What the heck. I'll join it. Got a Facebook link?
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With all of the distraction of this jobs bill, I'm wondering what is really moving behind the scenes? Israel/Iran strike plans?
Cinco-X wrote: It might be hard for the average American to get to members of TPTB on their Costa Rican estates with armed guards.....
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Mish is a fool if he thinks the "war" will be union versus non-union wage slaves. Mish is a banker, and he is right to be afraid.
Since Mish's false belief system of union workers and pensions are the boils on society's ass, he should live his life accordingly and be stripped of the benefits. Remove the safety features of his cars, home, workplace, appliances, telephone lines, electricity, gas lines, etc stripped to preunionized standards. So, I'm wondering what happens to the stock market when there are no pensions to invest in the shell game?
I just received my completed, signed loan mod documents back from Saxon. I guess I can celebrate now that I have it in writing and already locked in the fire safe.
NEA - National Education Association 2,679,396
SEIU - Service Employees International Union 1,464,007
UFCW - United Food & Commercial Workers International Union 1,380,507
IBT - International Brotherhood of Teamsters 1,350,000
AFSCME - American Federation of State, County & Municipal Employees 1,350,000
LIUNA - Laborers' International Union of North America 840,180
AFT - American Federation of Teachers 770,090
IBEW - International Brotherhood of Electrical Workers 700,548
IAM - International Association of Machinists and Aerospace Workers 673,095
UAW - United Automobile, Aerospace and Agricultural Implement Workers of America 638,722
CWA - Communications Workers of America 557,136
USWA - United Steelworkers of America 532,234
UBC - United Brotherhood of Carpenters and Joiners of America 531,839
IUOE - International Union of Operating Engineers 390,388
NPMHU - National Postal Mailhandlers Union 388,480
UA - United Association of the Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States and Canada 325,914
NALC - National Association of Letter Carriers 294,315
APWU - American Postal Workers Union 292,901
PACE - Papter, Allied-Industrial, Chemical and Engineering Workers International Union 274,464
IAFF - International Association of Fire Fighers 261,551
HERE - Hotel Employees and Restaurant Employees International Union 249,151
UNITE - Union of Needletrades, Industrial and Textile Employees 209,876
AFGE - American Federation of Government Employees 200,600
AGVA - American Guild of Variety Artists 182,597
UAN - United American Nurses 152,000
OPEIU - Office and Professional Employees International Union 150,882
SMW - Sheet Metal Workers International Association 148,378
BSORIW - International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers 130,928
IUPAT - International Union of Painters and Allied Trades 115,511
BCTGM - Bakery, Confectionery, Tobacco Workers and Grain Millers International Union 114,618
TWU - Transportation Workers Union of America 110,000
AACSE - American Association of Classified School Employees 109,188
IATSE - International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts of the United States and Canada 104,102
AFM - American Federation of Musicians of the United States and Canada 102,000
NRLCA - National Rural Letter Carriers' Association 101,810
BAC - International Union of Bricklayers and Allied Craftworkers 101,499
TCU - Transportation Communications International Union 101,228
UMWA - United Mineworkers of America 100,570
Screw Bunning. Perhaps his hypocrisy on the matter is the problem? He was all for unfunded wars (two of them), unfunded tax breaks and unfunded Medicare programs but now an extension of UE benefits has him outraged? Puhleeze...get a grip Jim. You weren't even a very good pitcher.
I just received my completed, signed loan mod documents back from Saxon. I guess I can celebrate now that I have it in writing and already locked in the fire safe.
If it will be walker accessible I'd love to attend the mortgage burning party.
I respect Bunning's opposition to TARP and the Fed. But now that the bankers have gotten their trillions, it's fair to ask him why he didn't filibuster TARP. Now everyone wants a bailout like the bankers? In the words of the Senator, "tough shit".
From the comments to Krugman's article on financial reform:
OFF BALANCE SHEET ACCOUNTING. This oxymoron has a lot to do with the financial industry conundrum. To solve the financial industry risk problems is quite simple. All accounting for all transactions MUST appear on the balance sheet. And once these transactions appear on the balance sheet, strict leverage ratios must be adhered to, such as 10:1.
Presto, the problems are solved. You don't need an oversight regulating agency. All you need are honest government auditors and honest CPA auditors.
It is a comic book type absurdity that a supposedly serious profession like CPA accounting permits OFF BALANCE SHEET ACCOUNTING. The very concept screams and begs that there is something serious, devastating, that will be hidden. Kind of like Iran hiding nuclear weapons, etc. Isn't it the purpose of corporate accounting to disclose the true financial condition of an entity? This entire sham of accounting practices is like a stupid Loony Tunes cartoon replete with Bugs Bunny saying \"What's up Doc?\" Yeh, doc, the stupid banking industry is hanging in mid air after running off the edge of a cliff, spinning its legs, and then....
Instead of The End, \"That's all folks\", I say \"Unbelieveable Folks.\" Greenspan, Bernanke, congress, the lobbyists are taking the country to stupid cartoon movie fit for the age of a four year old. Hey, but that's about the mentality of congress, and the voting public. It's not only corruption destroying the country, but it is stupidity. That's all folks.
I find the split between Paul and the Cato Institute on immigration interesting. In that sense, even the closest thing to a Libertarian in DC isn't all the way there.
Colorado's retirement pension program PERA and its workers filed a class action lawsuit against the state because all retirees from March,1994 or later will not receive a cost of living increase this year instead of the promised 3.5% and future yearly increases will be limited to NOT higher than 2% Workers File Suit Challenging Pension Legislation
or at least, "must go up in summer", without any shred of doubt or any analysis of factual reasons
There's all sorts of factual reasons gasoline goes up in summer. Supplies of specific mixtures drop for one, plus the royalty payments on the patents of said mixtures.
Colorado's retirement pension program PERA and its workers filed a class action lawsuit against the state because all retirees from March,1994 or later will not receive a cost of living increase this year instead of the promised 3.5%
I've heard an eye witness account of what it was like for Dutch nationals in Java at the start of WWII. The illusion of Dutch imperial power was very insubstantial.
It is an odd thing to be young enough to not assume I'll be getting COLA. I'm lucky if my rising health care premiums don't lower my overall salary.
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COLA may be the 2nd wave Dodo after the pensions disappear.
I don't know about "union" versus "non-union", but I think there will be considerable tension between private sector and public sector employees. Just wait until a couple more years of double digit unemployment and rising taxes to pay for public sector salary increases and benefits.
Contractors? Probably none of them. Who wants mercenaries that might "go on strike" in the middle of a battle?
White collar contractors are not union, but I wouldn't be surprised if the blue collar ones are unionized.
Writing this from basement of big Fed Gov't building DC, where I'm now a contractor, doing work that would be done by a unionized fed had it not been outsourced.
Screw Bunning. Perhaps his hypocrisy on the matter is the problem?
You don't know what you're talking about.
He isn't against extending benefits, he said the UE benfit extension should be taken from TARP funds instead of giving it to bankers. Unless you suddenly have love for bankers I think you'd actually agree with Bunning's position.
--More public sector employees (7.9 million) belonged to a
union than did private sector employees (7.4 million),
despite there being 5 times more wage and salary workers
in the private sector.
--Workers in education, training, and library occupations
had the highest unionization rate at 38.1 percent.
--Black workers were more likely to be union members than
were white, Asian, or Hispanic workers.
--Among states, New York had the highest union membership
rate (25.2 percent) and North Carolina had the lowest
rate (3.1 percent).
It is a comic book type absurdity that a supposedly serious profession like CPA accounting permits OFF BALANCE SHEET ACCOUNTING. The very concept screams and begs that there is something serious, devastating, that will be hidden.
I worked as an auditor for a big-4 firm at the end of the tech boom. I was so disgusted by what I saw that I refused to put money into equities until there was real transparency. Ten years later, I'm still waiting.
It'll have to be, I'll be darn near in need of a walker by then myself.
Just finished hefting a dozen 94lb sacks of concrete into the truck so hopefully I'm a bit aways myself. Here's to honestly hoping this is fixing your problem but please, please forgive me for reserving some small doubt until the loan has aged a few years. And no, I'm not doubting you, I'm still concerned that events beyond all our control may drive results.
Now start looking at public education, Police, fire etc. Nice block of voters in local elections. It really shows up living in a small town. most are greedy as a bankster.
He isn't against extending benefits, he said the UE benfit extension should be taken from TARP funds instead of giving it to bankers. Unless you suddenly have love for bankers I think you'd actually agree with Bunning's position.
Well put; one needs to be careful when using the DailyKOS as a primary news source.....
I dont think so. All she said was "Europe is ready to help, but you have to help yourself first". No real iron clad promise.
Merkel is in a big fight to save her coalition government which is now losing in the polls. If her party loses the next crucial local election in May, she will have lost her majority in the upper house. Any money for Greece from Germany is really hard to see, when Greece has been cheating in the past and still wants to keep a higher living standard than the Germans, while having a third world economy.
Colorado's retirement pension program PERA and its workers filed a class action lawsuit against the state because all retirees from March,1994 or later will not receive a cost of living increase this year instead of the promised 3.5%
I don't know about "union" versus "non-union", but I think there will be considerable tension between private sector and public sector employees. Just wait until a couple more years of double digit unemployment and rising taxes to pay for public sector salary increases and benefits.
Agree. The first shots have already been fired by the public sector employees.
No, although I also used to work for a big corporate law firm. I've been on the site for years, but rarely post. I just happen to be sitting here all afternoon waiting for a Fed to give me work...
Colorado's retirement pension program PERA and its workers filed a class action lawsuit against the state because all retirees from March,1994 or later will not receive a cost of living increase this year instead of the promised 3.5%
Greenspan's magic wand waved over the CPI and ta-da steak became hamburger and evolved into dog food and today melamine jerky. Thus the wizard made inflation disappeared!!! I remember in the good ole' days when union wages were tied to the CPI when it really measured "inflation."
ok lets turn our attention to where we do need mercenaries....
I like to hike, I take my daughter on a hike in the mountains of America, we run into one of these ops and I'm killed and daughter might have to witness evil before shes killed....Where are the terrorist..right in my backyard....I say take anybody working for the cartels operations down, then deliver the new sentence with evidence right to their front door since we know where they live..
we live in rediculous times, fighting wars oceans away and overhyped to begin with, while gangs wreak havoc on out forests, people and laws....
P.s. I have many ex-sheriff friends who would be available to hire....and cheap....
I re- read her comments. She is not saying 'Bunning is against extending benefits'; he has supported bigger programs that were not funded in the past, now he has found religion and holding back his support for a 10B$ program that includes UE beneits, also not funded. That is hypocricy?
He isn't against extending benefits, he said the UE benfit extension should be taken from TARP funds
That's what I thought. The Dems just want to reserve that bonus pool for anything else they may want to throw money away at. A disgrace. Budget panel my ass.
I don't know about "union" versus "non-union", but I think there will be considerable tension between private sector and public sector employees. Just wait until a couple more years of double digit unemployment and rising taxes to pay for public sector salary increases and benefits.
The government unions vs others will only be a very temporary issue. The real problem IMO, as I have pointed out many times here, is that the fruits of productivity gains have not been passed to workers. Therefore this is akin to starting a civil war to benefit the elite.
However, the benefits of government union workers losing their jobs or earning less will in no way compensate the vast majority of the electorate for losing their standard of living. Therefore this is just a small, temporary skirmish that will lead to the real conflict a little later and it won't be just with the narrow definition of the .
The civil service class is the least of our problems - pensions for state/county/muni people, h&hs, debt service and military pork all make that a tiny part of the overall picture.
Personally, I have no problem with ample pay for people who risk their lives for the public and are paid by the public. They deserve it a lot more than some professionals I can think of.
It's a common theme. Mish wants union members to get the same crappy pay as everyone else. Ghost wants Fannie/Freddie employees to be paid like public workers instead of bank employees. LBD thinks teachers are greedy. And that's just in the last few minutes.
I don't see anyone volunteering to take a cut themselves, though.
The civil service class is the least of our problems - pensions for state/county/muni people, h&hs, debt service and military pork all make that a tiny part of the overall picture.
I'm not smart enough to know what the "overall picture" is. But I do know that city pension obligations take up more than 100% of the City Of Chicago property taxes. So it ain't "tiny".
I don't see anyone volunteering to take a cut themselves, though.
I do see a lot of people hung up on labour costs. That's a pretty low priority in my mind, considering the mountain of changes that are necessary before we get to the point where that will make a difference to the outcome.
I was more thinking of state workers and federales. I'd put that in my first category. I've noticed that Chicago actually has higher sales tax than coastal California. Gratz!
Yalt - I don't see anyone volunteering to take a cut themselves, though.
Yalt, a lot of private employees have taken pay cuts, cut's in hours, or laid off already. Tax income has dropped on average around 20%, but the states, counties, etc are still trying to deny the new reality.
I don't think anyone is happy, but the push back from the governments will be to cause the most pain for the public to defend their positions.
Yalt writes I don't see anyone volunteering to take a cut themselves, though.
The free market greed heads who credit their success on their 1 part of prudence rather than their 9 parts of good luck are going to get their just desserts from the free market.
They complain that the teachers and government union workers and bankers are getting an unfair bounty. They don't realize that these groups are just better at playing the game behind the "free market" game.
I don't see anyone volunteering to take a cut themselves, though.
I did. I quit because I didn't have much real work to do and the company was pressing me to "generate" income, any how or any way I could. The US has become a difficult country for honest people. Most workers now are complicit liars who "just follow orders", they don't see themselves as liars or cheaters.
People like me get pay cuts already in empty rental and tenants with no job. Made money last year but am prepared for making less. Can you live on less? Take an honest look at what is happening on the opposite end of the Banksters. Government unemployment should equal private and certainly there should be not pay raises. Here state unions have turned down a pay freeze. They are greedy.
I do see a lot of people hung up on labour costs. That's a pretty low priority in my mind, considering the mountain of changes that are necessary before we get to the point where that will make a difference to the outcome.
I think it's already making a difference to the outcome: it's reducing aggregate demand. We've spent a couple of decades tyring to offset that through increased debt, and it's not working so well.
I think it's already making a difference to the outcome: it's reducing aggregate demand. We've spent a couple of decades tyring to offset that through increased debt, and it's not working so well.
Indeed, and I agree wholeheartedly. I should clarify: in terms of remedying our current predicament and permitting the economy to regain solid footing, addressing the stickiness of labour costs would be a fairly low priority.
If archer daniels midland, gas distributors, academic text book manufacturers, and banks can gang up to gain leverage out of the market then so can workers. Even government workers. Why are you complaining? Remember the free market knows all.
Charles Kiting - The bigger cuts come in the form of salaried employees working more hours.
Ah, yes the do more with less angle. We went from having over 30 people in our shop, and now down to 6. Reduced services, and overload the survivors.
It works out well for the penny counters, bad for the end recipients.
My point is and has been Most Americans are not smart enough to be mad. Till we all realize that
we all have to pitch in it fall further apart. Powerful people have us just where they want us. I don't see this happening like past generations. Welcome to coming hell.
js esq., what agency, would you recommend it, and did they make you relocate?
I'm a contractor for a large agency. I'd rather not name it, but it's run by an asian guy with a phd. I already lived in DC.
Hard to say whether I'd recommend it. I've only been here a few weeks, and they haven't really started us on our assigned task yet. The agency is so big that there are numerous offices, each of which has its own culture. I don't know if I'd want to work for this particular program, but I'd love a position in OGC.
But watching it take ten phone calls and two weeks to set up a computer and an email account is absurd. Spend a few weeks in the belly of the beast, and it makes you wary of government programs...
RD, thanks I know you don't mean it personally. I have my own reservations about where all this is leading. I guess I should say I'm happy to have some breathing space for awhile if nothing else.
I should clarify: in terms of remedying our current predicament and permitting the economy to regain solid footing, addressing the stickiness of labour costs would be a fairly low priority.
I'm going to go farther and suggest that we should be doing what we can to increase the stickiness of labor costs. We can argue about how those costs should be distributed but we should not as a society be taking the axe to the incomes of those at the low end right now. Let it trickle up for a change.
Our lower middle class is still much better off than the vast majority of the rest of the human race. So we have a long way to go down.
But we compare ourselves with those most visible, with a bias toward the highly recognized.
We also compare ourselves today with ourselves in the past. If you're a wage earner or small business, that's not a happy comparison.
I'm going to go farther and suggest that we should be doing what we can to increase the stickiness of labor costs.
Now there's an interesting idea. Are you thinking bounded labour costs--both a base and a cap--or just a floor? Or maybe a targeted maximum change % per year?
“Apple can be saluted for its transparency, but mainly will be criticized for the fact that they’re doing in the East what they wouldn’t do in the West,” said Hakim Kriout,
Funny how those "liberals" in Sacramento managed to come up with the most regressive tax structure in the lower 48, ain't it?
And the most liberal of the most liberal in LA and SF have the highest regressive sales taxes on top.
If the is one bit of wisdom i can impart it would be this. Every result of California for decades has been negative yet everyone seeks to replicate the methods and practices of California. Where's the 50 experiments in democracy spreading the best results?
Police, fire etc.
Ever rushed a burning building?
Personally, I have no problem with ample pay for people who risk their lives for the public and are paid by the public
I'm thinking the insurance companies should pay firemen and policemen salaries since the services of these public workers decrease insurance payouts for damage and theft.
Employees at a southern China-based supplier for computer manufacturers including Hewlett-Packard Co. and Dell Inc. earn about 64 cents an hour, and may work more than 87 hours, according to a February 2009 report by National Labor Committee, a Pittsburgh-based worker rights group.
Why would they want a union?
The organizer would probably just get shot or sent to jail in China.
Here state unions have turned down a pay freeze. They are greedy
I wouldn't characterize them as greedy so much as dumber than a box of rocks. The reason they are so ignorant is most state governments have never had to control their budgets, endless pool of tax revenues. Now it's FedGov "loans". The trough needs to be hacked, in 1/2.
You'll know you've arrived when you can spend half the day on the phone intriguing for the next post upwards, and the other half in back to back meetings.
Hoopajoops LTD wrote: Even government workers. Why are you complaining? Remember the free market knows all.
Visions of productivity and invention fired up generations of would-be capitalists for the Great Experiment. But now that era is ended. There is a new world on the horizon: Can you out-Mafia the Mafia?
I think most Americans are mad; the question is whether they're mad at the right people (and for the right reasons).
Lots are mad but have no clue as to what to do. That is the smart part, it would scare the hell out of them. I go to the local Tea Party gatherings and it is sad. I could get up and speak but it would go right over 95% of their heads. They only understand what they learned in school or nothing. The best comment I heard was an old guy who though the NRA had done a hell of a job keeping guns in Americans hands. The Chinese won't dare invade the US. I bet he doesn't know they own more then a third of it.
Now there's an interesting idea. Are you thinking bounded labour costs--both a base and a cap--or just a floor? Or maybe a targeted maximum change % per year?
I was thinking more in terms of tipping the bargaining scales back in the union direction, by enforcing existing unionbusting rules for example. And a negative income tax or guaranteed basic income.
Rob Dawg writes: Where's the 50 experiments in democracy spreading the best results?
Doesn't that require us to let the states regulate themselves instead of overriding their laws with federal preemption? I seem to remember a particular party was all about that, until they betrayed their base, their principles, and their country.
I'm thinking the insurance companies should pay firemen and policemen salaries since the services of these public workers decrease insurance payouts for damage and theft.
Funny, that's how Benj Franklin set it up in Philadelphia a few centuries ago. If you had insurance you'd put a plaque on the front of your home or business tell the firemen who to bill.
I do see a lot of people hung up on labour costs. That's a pretty low priority in my mind
But high labor costs are necessary, to afford the high priced housing... Of course that price is greater than the global market will bear, thus the high unemployment.
March 1 (Bloomberg) -- Apple Inc. should disclose more details about its suppliers, workers’ rights groups said after the maker of iPhones and iPods revealed some of its contractors had hired underage employees.
...
The Cupertino, California-based company, which visited sites in countries including China, Taiwan and Thailand for its annual survey, said some employees worked excessive hours, while some were paid less than the local minimum wage.
A modern company like Apple would never flout labor laws; that's why we don't need unions any more...
Where's the 50 experiments in democracy spreading the best results?
Doesn't that require us to let the states regulate themselves instead of overriding their laws with federal preemption? I seem to remember a particular party was all about that, until they betrayed their base, their principles, and their country.
Why yes. Yes, I believe you are correct sir. Having control of the Federal Legislature for only 20% of the time in the last half Century probably weakened their resolve.
But watching it take ten phone calls and two weeks to set up a computer and an email account is absurd. Spend a few weeks in the belly of the beast, and it makes you wary of government programs...
Ask nova to help expedite the process - I believe he said he was the Tech guy for whichever part of fedgov he is employed by. He probably knows someone who knows someone in your agency.
"Is weakend their resolve" the weasel phrase for "decided to loot the country"? I'm starting to feel like the name of the game for everyone over the next few years will be learning to "weaken their resolve."
I was thinking more in terms of tipping the bargaining scales back in the union direction, by enforcing existing unionbusting rules for example. And a negative income tax or guaranteed basic income.
I've thought along similar lines, but much more focused on cooperative action from the business side. There are many places in the business world where power is asymmetrically distributed, and I think there are opportunities to re-level the playing field.
Unlikely. $60K pension at 42 is ridiculous, but it's set up that way because our government has higher effective time preference than any sane person - just kick the can down the road. Though I suppose that since they can game the CPI they may yet get the last laugh - that pension will probably not be worth very much in twenty years, COLA or not.
Resolved: The Federal government is too big, the states too weak, but it's too late to do anything about it within a time frame that would save the Republic.
WASHINGTON (Reuters) - Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama a freer hand to reshape the institution. Fed's Kohn to step down
| Reuters
Resolved: The Federal government is too big, the states too weak, but it's too late to do anything about it within a time frame that would save the Republic.
The Great Republic of Dawgifonia recognizes the stranger from the Sorrowed Lands to speak before the Body for a period of at least 3 minutes and longer at the whim of the Chair. Testify Brother! Come forth and give witness. Speak well and earn citizenship here.
Rob Dawg writes: Yup, went all Democrat Party on our sorry asses.
I don't think the word you're looking for here is either Democrat or Republican. That little game is soon over. I think you're looking for some sort of label that is the combination between corruption, cronyism, capitalism, and financial oligarchy.
Blackhalo - And yet it is available to ANYONE, who takes the oath, achieves rank, and completes the 20 years.
As long as your not openly gay, can pass a pretty simple basic training, and sign your life away to be used as the good citizens of our country see fit.
Most people don't consider it because of that whole blank check thing.
Thanks, Dawg, but I'd have to study up for quite some time before being ready to present a good case. You'd want to be able to argue that proposition before the Supreme Court.
js esq: just make sure to have the TPS report delivered to your manager on time and you are good to go.
I keep a spare pile, already filled out, in my briefcase.
Fortunately, one of the advantages of being a contractor is that you're not accountable for anything other than your hours. We can't sign off on government business, we just make recommendations to the people who can.
Just exactly what kind of "punishment" is anyone suggesting for failing to confirm a handful of supposed 16yos were in fact only 15?
Just what was posted:
Apple Inc. should disclose more details about its suppliers
Those goody goody "workers rights groups" only found a handful? Gee, with their unlimited financial resources and free access to all of Asia they surely could have come up with more dirt, eh dawg?
Jill Tan, a Hong Kong-based spokeswoman for Apple, said the company doesn’t disclose its suppliers as a matter of policy.
“It’s an unhealthy sign, because the factory owners who disregard these minimum age rules may have other violations,” said Asia Monitor’s Leong, who said he was “disappointed” by Apple’s disclosure.
Becomed a commissioned officer at 21 out of college, serve 20 years, maybe make Lieutenant Colonel (army), and make 40% of your average of the last 3 years pay. Pay of about 75 - 80k right now, so roughly 30-32k a year in pension at age 41 or so. It's a hard 20 years though for most and takes more than 20 years out of you, esp. with the current steady diet of deployments. With VA benefits and what-not, get's you up to around 45 or 50k/year. Surgeons get added bonuses and pay so they would likely get a better pension.
I do see a lot of people hung up on labour costs. That's a pretty low priority in my mind, considering the mountain of changes that are necessary before we get to the point where that will make a difference to the outcome.
It's interesting, I've been to a few interviews in the past few days and here in Asia the compensation packages keep getting better and better. I don't see how the US will be able to attract talent in the face of this. That's a long-term killer.
Rob Dawg writes: You feeling underrepresented? Imagine being a conservative.
You don't feel represented by the efficiently distributed, perfectly synchronized talking points of the elected leaders of the conservative movement? They pay perfect lip service, after all.
I believe there is a dual mindset for most conservatives, one side being dominant to the other, depending on the times. One is authoritarianism and blind allegiance; you can tell when this mindset is ascendant when conservatives repeat phrases and narratives they've been told and seem to derive the same psychic satisfaction that normal people gain from saying something original. The other mindset, the productive one, the one I respect and await for, is the iconoclastic idealist. Goldwater had it, Ron Paul has it, the Republican party used to embody it. It is exemplified when conservatives justifiably reject a soft, populist policy for the harder, realistic, more sustainable, but less palatable alternative. This is the high-minded side of the conservative coin, the one which rejects what is comfortable for what is necessary.
I respect conservatives of the latter, and loathe conservatives of the former. Longwaver is a good example of an authoritarian conservative, in my opinion.
Thanks, Dawg, but I'd have to study up for quite some time before being ready to present a good case. You'd want to be able to argue that proposition before the Supreme Court.
I'll be proposing the members of my Supreme Court. Are you up to a buffet lunch at Hearst Castle with Chief Justice Broward and Minority Member Hoops before the public show trials? The Dawgifornian Autonomous Region does not answer to the 11th District nor those Federal Puppets.
I agree with the dumb as a box of rocks. They won't see their damage till their pie is gone.
I have a relative that's a union rep for a large oilsands construction project. As soon as oil dropped from $120 to $40, the company tried to pull every trick in the book to slash labour costs. He said that the union had reduced company costs by at least 30% right off the bat, but the company was trying to cut them right to the bone.
His response: "We'll negotiate that stuff with them, but not yet, it's too early to start negotiating those sorts of harsh concessions."
And sure enough, within a few months oil recovered to $70+ and everyone is happy. Had they made those concessions immediately, they would have been locked into a 3 or 5 year contract worth very little (and making the union extremely unpopular with its members) and the oil company would have added another 30% to their profit margins.
Companies bring this union ignorance upon themselves, as far as I'm concerned. I have never seen a company build up a pot of cash so that they can continue paying their employees full salaries during extended industry downturns. Even Potash corp, who had revenues in the billions and had their greatest year in history in 2008, laid off almost their entire workforce at the very first hint that demand was shrinking. They had billions and billions in the bank, but that didn't even buy their employees an extra few weeks of work.
If the company is not going to take care of the employee, can you blame the employees for banding together into a union?
Well, seeing as how we hadn't had a Democratic president since Carter
Carter elected under the guise of democrat. Under him the beginning of the decimation of the unions. Chrysler management looting brought Chrysler to the brink of ruin. Chrysler was saved and the UAW union concessions began in earnest. Southern presidents hate unions.
The only logical progression after "Globalism" took hold was our descent to Third World Shithole status. I keep reading (even here) how everyone makes to much (teachers, unions, postal workers etc) so my question just how little should we all be making? 2 bucks an hour? Would that insure our Utopia? The fact is productivity is off the charts and REAL wages have gone nowhere for decades. Let's all sit around and pretend that isn't the case while we bitch about what some other poor working fool makes.
I think you're describing a Fascist and Liberal, respectively. A conservative is someone like Ike. The 20s GOP were basically liberals in the real sense.
I cannot say I've ever had a good experience with a military doctor. EVER. We used to refer to them as "butchers" and try to avoid getting medical care on base at all costs. I fired Mom's base doctor and moved her to off base primary care. The woman is quite possibly the worst Dr. I've ever met.
It take years to qualify as a surgeon, especially with a specialty. At 22 she must have been in Med school.
It is all based on date of enlistment, and that starts at med school. Plus that 60K does not include the MASSIVE retention bonuses for officers in a medical field.
The only logical progression after "Globalism" took hold was our descent to Third World Shithole status. I keep reading (even here) how everyone makes to much (teachers, unions, postal workers etc) so my question just how little should we all be making? 2 bucks an hour? Would that insure our Utopia? The fact is productivity is off the charts and REAL wages have gone nowhere for decades. Let's all sit around and pretend that isn't the case while we bitch about what some other poor working fool makes.
Is this inflationary?
Is it just me, or is worrying about inflation just another way of saying you want someone else to take the hit?
I was a juror in an accident case where one doctor / witness became a doctor through war-time service in a surprisingly short period. I wish I could remember the exact numbers.
serve 20 years, maybe make Lieutenant Colonel (army), and make 40% of your average of the last 3 years pay. Pay of about 75 - 80k right now, so roughly 30-32k a year in pension at age 41 or so.
The present value of a 32K annuity over (expected) 35 years or so is what, $600K? But really my issue is not so much with the amount of the pay as with the way the backloading of costs shows how our government is focused on the short term. If people retiring from the military were actually unemployable then making the pension such a big part of the compensation could make sense, but as it is it just shows that the fed gov would rather pay later than sooner.
No kidding. But banning unions in the US would create that problem.
Calling them "suppliers" at arm's length doesn't get Apple off the hook. If you sell a poisoned drug, you can't just pass the blame to your supplier in Asia.
That is where they both are wrong.Market price should swing all cost both ways. Why not make wages float. Good time the workers will work their butts off and every body makes money. Prices and demand drop so do wages and profits. The game of screwing each other has to stop.
Kauai_Kahuna wrote: and sign your life away to be used as the good citizens of our country see fit.
As opposed to the whims of the market, private capitalists or government authorities? Pick your poison.
My ex-girlfriend is a surgeon for the military (Captain) and gets a $60,000 pension starting at age 42. Let's call it "union-like".
Good one; she makes 1/4 of what surgeons make on the outside, and you call it union-like. Also, are you sure about the pension on retirement? I thought they did away with that back in the '80s, and now required one to wait until 65 to collect the full pension; just my recollection. I could be wrong....
she makes 1/4 of what surgeons make on the outside
She's not part of the AMA cartel, and also had her training provided as part of her work rather than have to take on six figures of student loan debt to pay for it. So there should be some difference in compensation.
Bush v Gore was probably farther from the spirit of the Constitution than a straightforward attempt at a coup involving tanks, which failed, incidentally.
"Leaving the more complex accounting minutiae aside for now (i.e., is a nine month forbearance a troubled-debt restructuring, thereby requiring a charge-off?), my comment is this: this proposal represents a dark day indeed for the mortgage industry, because it brings with it the distinct possibility of nationalizing our housing stock."
"But this proposal from the MBA reaches a much darker level. What do you really think happens when Uncle Sam is in deep for investor advances, and millions of U.S. “homeowners” have been allowed to stay in their homes for next-to-nothing in payments?
It’s a question I’d rather never see an answer to."
broward wrote: We don't reach Shithole status until tanks surround the White House to elect a new president.
And the voting booths have separate exit lines depending on your party or presidential candidate, some of which have death squads waiting.
pavel.chichikov wrote: Maybe,as long as it isn't a sushi lunch.
Ditto. And not in CA.
When I'm in charge Hearst Castle won't be in California anymore. Malibu to Monterey, Coastline to Coastal Range. Dawgifornia, the Glod Coast. Sure we'll get thirsty but that's what wine is for.
sounds all snark but I am serious in the subtext. We have to change the way we do business. And by business I really mean governance.
Calling them "suppliers" at arm's length doesn't get Apple off the hook.
Awful slippery slope.
So if I work at a company that buys nuts and bolts to build a car, should they be responsible for the labor practices of the nut and bolt manufacturer in a foreign nation? At what level is this practical and enforceable?
Get realistic. Some of the suppliers to Apple are performing very low level products and services, and others performing a much higher level.
I am a firm believer in we deserve what we tolerate, and those in Asia and the US have tolerated this for far too long. I'm on your side, but there is a better and different way to fix the issue.
That is where they both are wrong.Market price should swing all cost both ways. Why not make wages float. Good time the workers will work their butts off and every body makes money. Prices and demand drop so do wages and profits. The game of screwing each other has to stop.
You and I are in agreement on that point, but it's a very tricky one to implement. Workers require some secure base pay so that they can meet their personal obligations (food, shelter, etc), and companies require some stability in project costs. It's an interesting tightrope to walk.
I had what I thought was pretty good treatment at Walter Reed. Spent three days there because they wanted to watch me after an allergic reaction to insect venom - numerous stings. They thought I might have had a heart attack - which turned out not to be the case - so they moved me to the cardiac ward.
Later, I saw an allergist to check on what had happened, and he told me I was lucky to have been there. He said it is the best hospital in the DC area.
"But this proposal from the MBA reaches a much darker level. What do you really think happens when Uncle Sam is in deep for investor advances, and millions of U.S. “homeowners” have been allowed to stay in their homes for next-to-nothing in payments?
Does 60 K at 42 mean that when she retires subsequently she's in line for it?
It take years to qualify as a surgeon, especially with a specialty. At 22 she must have been in Med school.
Yes, she started med school at 22. She's full blown surgeon as I understand now (she's 33). Not sure if she'd retire and go into private practice and take the pension at 42....she's often said with malpractice risk in the US it's not worth it. She's said if she could get a job in a country with socialized medicine (she's thinking the UK) she'd go in a minute, because they're aren't malpractice risks.
After the Tape: New Frugality? Not So Fast - Real Time Economics - WSJ
The reasons for the stall are twofold: For one, rebounding wealth since the recession’s depths has helped provide some support for consumer spending. Secondly, weak income growth has left other consumers with little choice but to spend proportionally more of their incomes, particularly in light of still-tight credit conditions.
How are those healthcare premium increases workin' out for ya?
CaptainMorgan writes: So if I work at a company that buys nuts and bolts to build a car, should they be responsible for the labor practices of the nut and bolt manufacturer in a foreign nation? At what level is this practical and enforceable?
Why are you undertaking the transportation, customs, and translation expense of importing bolts if not to take advantage of labor arbitrage? It's not like China has special bolt trees that make their bolts extra nice or cheap. They treat their workers worse than our workers; that's where the savings come from. So if you're buying bolts from overseas, it's true you have no control over the conditions that the workers over there are enduring, but isn't it pretty clear from the bottom line what's going on over there?
What's the alternative? Look for the union label? Depend on your government to protect us from trading with countries that fuck their workers? I don't know.
So if I work at a company that buys nuts and bolts to build a car, should they be responsible for the labor practices of the nut and bolt manufacturer in a foreign nation? At what level is this practical and enforceable?
Not the best example given Apple does not build a single thing. They do the design engineering, and marketing only. Everything else is done by Foxconn. Did you see the workers set fire to the Foxconn plant in Mexico, when the workers found out management was lying about the buses being late, in a effort to keep them working overtime?
Good one; she makes 1/4 of what surgeons make on the outside, and you call it union-like. Also, are you sure about the pension on retirement? I thought they did away with that back in the '80s, and now required one to wait until 65 to collect the full pension; just my recollection. I could be wrong....
Idk, that's just what she told me, and she's not the type to invent the story. I really don't know, we're not talking at the moment.
I do know what she makes a year which I won't share, and based upon what I just saw what the average 2009 salary for a surgeon, it is probably 30% lower than the private market.
She's not part of the AMA cartel, and also had her training provided as part of her work rather than have to take on six figures of student loan debt to pay for it.
The do the design engineering, and marketing only.
Well aware of that
It's all the more reason they can't do this internally in the US, and why they are so dependent on outside suppliers.
This is not that unusual to use outside suppliers, even large companies that have the internal capabilities use outside suppliers to avoid having to increase capacity for what is often temporary upturns in production.
Oh brother the top 400 earners averaged $345 million in 2007. I guarantee not one of them was a surgeon, military or private. Not one of them worked (worked physically) on a cure for a disease.
Army surgeons stink so you should pay them less? You want better surgeons, for lower wages, then tax bankers to subsidize more training. Oh, that's just tax and spend... "Tough shit." (Bunning's words)
I do know what she makes a year which I won't share, and based upon what I just saw what the average 2009 salary for a surgeon, it is probably 30% lower than the private market.
I had a military dentist give me a filling in the wrong tooth! I got done with the appointment, got my feeling back in my teeth, and realized my tooth still hurt like hell! I went back and had the correct tooth filled, I guess we could consider the other filling a PM, in military parlance I wasn't very amused at the time!!
Unlikely. $60K pension at 42 is ridiculous
* Becomed a commissioned officer at 21 out of college, serve 20 years, maybe make Lieutenant Colonel (army), and make 40% of your average of the last 3 years pay. Pay of about 75 - 80k right now, so roughly 30-32k a year in pension at age 41 or so. It's a hard 20 years though for most and takes more than 20 years out of you, esp. with the current steady diet of deployments. With VA benefits and what-not, get's you up to around 45 or 50k/year. Surgeons get added bonuses and pay so they would likely get a better pension.
More school than that to be a surgeon, but start out in the service as a captain. I still wonder about retiring at 42 with a full pension.
Depend on your government to protect us from trading with countries that fuck their workers?
If you count on consumers to buy only US made products, don't hold your breath waiting.
If you are counting on China to get up to par on labor and environmental issues, don't hold your breath waiting.
Why should a product or service be allowed to be sold in the US if it's production does not meet US guidelines? This is probably the quickest and easiest fix, but not without consequences.
Spent three days there because they wanted to extract the maximum insurance payout after an allergic reaction to insect venom - numerous stings. They claimed I might have had a heart attack
Too cynical of me I guess and you were actually there... but the hospitals are happy to game the diagnosis codes if they can, and the amount they make on just having you in a room for three days is pretty large.
Nope; both Nixon and Ike were "me too" Republicans, main street folks that claimed they could run the New Deal as well as the Dems. Nixon was very liberal, so much in fact that JFK was the conservative in the '60 election.
We don't need no steeeeeenkin' manufacturing!
The ZIRP Trap - The Market Ticker
sm_landlord wrote:
Interesting; is it really true that the majority of union jobs are with the govt?
Cinco-X wrote:
Does it matter? (The USG is the largest employer in the nation so it would make sense that it is also the largest union job employer, eh?)
The NY Times, that beacon of superb journalism, is still listing "European Union Moves Toward a Bailout of Greece" on their business page.
The NY Times is actually quite accurate (sorry, no time to translate at this time). There is no way out for Germany after a statement as definitive as this:
Bundeskanzlerin Merkel: Europa steht für Griechenland bereit - Griechenland - Wirtschaft - FAZ.NET
Griechenland kann bei der Überwindung seiner Fiskal- und Wirtschaftskrise auf Unterstützung der europäischen Institutionen und der Mitgliedsländer des Euroraums zählen. Wie Bundeskanzlerin Angela Merkel am Montag in Hannover sagte, sei Voraussetzung dafür aber, dass sich Athen mit aller Kraft daran macht, wieder auf den Pfad des europäischen Stabilitäts- und Wachstumspakts einzuschwenken. „Jedes Land muss sich zunächst selber helfen“, sagte sie. Anders sei das Vertrauen der Finanzmärkte nicht zurück zu gewinnen.
Cinco-X wrote:
Interesting; is it really true that the majority of union jobs are with the govt?
Atlas Shat.
yagij wrote:
How much of military is union? (serious question)
yagij wrote:
And I think we're also adding all the local governments in when we say "the government".
Mish is dumb.
Bubblisimo Gerkinov wrote:
None-
1 currency now -yogi wrote:
Dumb he isn't. Biased yes.
RE wrote:
Google translation:
Bubblisimo Gerkinov wrote:
"Where does an 800-lb gorilla sit?"
For those of you who have gotten behind in Shedlock's fascinating internet reading and updated rendition of the brilliant James Dale Davidson and Lord Willian Rees-Mogg's book (both authors were affiliated with Agora as was Shedlock, much later, around 2003) published in 1991, "The Great Reckoning. How the world will change in the depression of the 1990's", Shedlock is on chapter 14, page 424 (Politicians will make things worse) and page 425, Privatization of government service. From page 425, " Community groups will supplement declining police patrols with private security details. More corporations will hire outside services to protect their premises against invasion by criminals. Karate studios and martial arts training programs will be profitable. And wealthy individuals will increasingly hire bodyguards, as is common in Latin America". On page 426, "The construction and maintenance of highways will be increasingly turned over to private companies that will recover their investments by collecting tolls on bridges and major arteries". From page 411, Medical Services: "Physicians, dentists, optometrists, and other health practitioners fared poorly in the depression of the 1930s".
Without looking up the numbers (I do more than most) I'd say union non-government jobs have shrunk drastically. Union government jobs have probably not grown much at all.
Mish is a fool if he thinks the "war" will be union versus non-union wage slaves. Mish is a banker, and he is right to be afraid.
Cinco-X wrote:
The translation of this sentence is key and it says that "Greece can count on the help of the EU". This is enough to insure help if Greece sticks to the prereqs of the EU.
Cinco-X wrote:
Should rephrase - was thinking contracters, etc.
CNBC just reported the housing refinance program extended out another year, housing market is still toast.
OP-ED COLUMNIST; Financial Reform Endgame - NY Times
OMG.
Mish is just reading from TGR now?
No wonder he's not quite on target anymore.
1 currency now -yogi wrote:
I agree with you. The tea party movement forgets the little details as the where the percentages are.
Dig deep: Gasoline prices ready to move higher - Yahoo! Finance
Why is the popular belief so strong that gas prices will "forever go up"? (or at least, "must go up in summer", without any shred of doubt or any analysis of factual reasons)
The only rationale that makes sense would be that although demand went down, quoted as dropping since 2004; the supply is falling even faster. Or that globally, there really is a huge demand monster on the other side of the world, even when the USA demand monster stops consuming oil.
I don't know what to believe anymore.
Bubblisimo Gerkinov - How much of military is union? (serious question)
None, it's a brotherhood, extended to sisters.
DoD civilians are GS union members, and then you have us blood sucking leaches called contractors. Both union and non.
Gov't extends deadline for refinance program - CNBC
Bubblisimo Gerkinov wrote:
Civil Service; probably all of them that are permanent employees, though not temps, ect. Contractors? Probably none of them. Who wants mercenaries that might "go on strike" in the middle of a battle?
The American Legion was formed to advocate for veterans after WWI. Like other cheap labor, veterans tend to be used up and thrown away.
I think Mish recently had a large chunk of his investments in long term US treasury bonds and might still have
hc wrote:
China and India will need a lot of oil. You might want to check out Dr. Stephen Leeb's new book for an extremely
ey description of the problem.
Edit: I think Leeb's description of the future is basically Game Over, unless something very big changes. And he goes into discussions that most attempts at reducing oil consumption will probably fail due to shortages of everything else.
creditcriminalslovetarp - Thanks for finding the link, I don't navigate CNBC well, heck I don't even have a bookmark for it.
They also pointed out on air that the program was still needed because the housing market still has not improved since the start of the program and was still needed. I translated that to still being toasted.
But I thought it was an army of one?
t r orwell wrote:
Even the TGR authors disagree on an inflationary / deflationary outcome.
Maybe Mish hasn't reached Chapter 8 yet.
RE wrote:
I doubt that Mish is heavily involved, if involved at all, in the tea party movement beyond lip service. I thought after a re-read that perhaps he was lumping the govt. workers with Cadillac healths plans and all into one group that might eventually draw the wrath of the plebeians. It might be hard for the average American to get to members of TPTB on their Costa Rican estates with armed guards.....
Cinco-X wrote:
Yeah because the less you pay them, and the less stake they have in the bottom line, the more loyal they'll be to the cause.
I think you are probably correct yogi. He wishes the war would be between the wage slaves on union and non union stripes so as to defer from the true villains...He can sit back and cheer on "his side" (the ones that will work the cheapest with no benefits) and remain aloof and unharmed. Fantasy...he needs to step away from Rand.
Uncle Ar wrote:
If there's only one, how could there be a union? Wouldn't that require at least 3. One to join the other in a union, and one to be management?
np....thier web site is way to busy.. so many frames within the css tables, I had to use a fork to keep it from moving
yagij wrote:
"Largest" ≠ "majority".
yup, as i have been saying, I think KD (and Chris Whalen) are right about this topic, ZIRP causes, not prevents, deflation.
Comrade Kristina wrote:
"wishes" is the wrong word, I think.
He has no power to affect the banks, so he's moved to the next best thing.
If you'll notice. Mr. Free Market is no longer content to "let the market sort it all out", it's vastly amusing to me.
Yalt wrote:
Okay, then what employer is the largest union employer? The Detroit Three?
It's either that, or gasoline hedge/investment cronies needs a high price for gas or they go bankrupt.
(just like US banks "need" a high house price otherwise even the US Govt could go down...)
There's enough powerful-people burned by hoarding crude oil when it went to $120+ that I believe they're still trying to push back the realization of that loss. Is the fleet of oil tankers as storage being drawn down at all, or are PBTB just pushing the can down the road?
the current level of 56.1 percent in February suggests around a 22,000 gain for manufacturing jobs.
With B/D batting cleanup does it matter?
I have not checked lately, but I was also under the impression that the Government Service union was the largest.
yagij wrote:
That would be my guess, but I don't know and it wasn't my point. I'd be surprised if any single employer, USG or otherwise, actually employed a majority, as in over 50%, of all union members. And wasn't that the original claim?
was just gonna post that, here is the release
http://www.fhfa.gov/webfiles/15466/HARPEXTENDED3110.pdf
They should just end the charade now and eliminate the need for mortgage insurance entirely for Fannie/Freddie, to help move them closer to merger with the FHA. Then at least we can stop paying Fannie/Freddie employees private sector salaries for mimicking the work of their public sector counterparts.
IAM Activist Center | 21st Century Labor Union | IAMAW
u-cubed:
Laid Off? Join 31 million unemployed Americans - UCubed — Blog — Union of Unemployed Targets Sen. Bunning for Blocking Jobless Bill
Where is the group to support Bunning for trying to prevent unfunded spending?
I just received my completed, signed loan mod documents back from Saxon. I guess I can celebrate now that I have it in writing and already locked in the fire safe.
I thought it was said that there are more government union workers than non-government union workers. For why that statistic is meaningful in any way, you'll have to ask Cinco the linko.
Hiring after the inventory increases are well underway. I don't think so. Businesses can operate pretty lean for a long time in the absense of final demand.
ghostfaceinvestah wrote:
What the heck. I'll join it. Got a Facebook link?
.
With all of the distraction of this jobs bill, I'm wondering what is really moving behind the scenes? Israel/Iran strike plans?
Cinco-X wrote:
. . .
. . .
It might be hard for the average American to get to members of TPTB on their Costa Rican estates with armed guards.....
.
. .
. . . . . .
. . . .
1 currency now -yogi wrote:
Since Mish's false belief system of union workers and pensions are the boils on society's ass, he should live his life accordingly and be stripped of the benefits. Remove the safety features of his cars, home, workplace, appliances, telephone lines, electricity, gas lines, etc stripped to preunionized standards. So, I'm wondering what happens to the stock market when there are no pensions to invest in the shell game?
Comrade Kristina wrote:
Congratulations!
Union Membership: Largest Unions (2003) - Working Life
NEA - National Education Association 2,679,396
SEIU - Service Employees International Union 1,464,007
UFCW - United Food & Commercial Workers International Union 1,380,507
IBT - International Brotherhood of Teamsters 1,350,000
AFSCME - American Federation of State, County & Municipal Employees 1,350,000
LIUNA - Laborers' International Union of North America 840,180
AFT - American Federation of Teachers 770,090
IBEW - International Brotherhood of Electrical Workers 700,548
IAM - International Association of Machinists and Aerospace Workers 673,095
UAW - United Automobile, Aerospace and Agricultural Implement Workers of America 638,722
CWA - Communications Workers of America 557,136
USWA - United Steelworkers of America 532,234
UBC - United Brotherhood of Carpenters and Joiners of America 531,839
IUOE - International Union of Operating Engineers 390,388
NPMHU - National Postal Mailhandlers Union 388,480
UA - United Association of the Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States and Canada 325,914
NALC - National Association of Letter Carriers 294,315
APWU - American Postal Workers Union 292,901
PACE - Papter, Allied-Industrial, Chemical and Engineering Workers International Union 274,464
IAFF - International Association of Fire Fighers 261,551
HERE - Hotel Employees and Restaurant Employees International Union 249,151
UNITE - Union of Needletrades, Industrial and Textile Employees 209,876
AFGE - American Federation of Government Employees 200,600
AGVA - American Guild of Variety Artists 182,597
UAN - United American Nurses 152,000
OPEIU - Office and Professional Employees International Union 150,882
SMW - Sheet Metal Workers International Association 148,378
BSORIW - International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers 130,928
IUPAT - International Union of Painters and Allied Trades 115,511
BCTGM - Bakery, Confectionery, Tobacco Workers and Grain Millers International Union 114,618
TWU - Transportation Workers Union of America 110,000
AACSE - American Association of Classified School Employees 109,188
IATSE - International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts of the United States and Canada 104,102
AFM - American Federation of Musicians of the United States and Canada 102,000
NRLCA - National Rural Letter Carriers' Association 101,810
BAC - International Union of Bricklayers and Allied Craftworkers 101,499
TCU - Transportation Communications International Union 101,228
UMWA - United Mineworkers of America 100,570
Screw Bunning. Perhaps his hypocrisy on the matter is the problem? He was all for unfunded wars (two of them), unfunded tax breaks and unfunded Medicare programs but now an extension of UE benefits has him outraged? Puhleeze...get a grip Jim. You weren't even a very good pitcher.
Comrade Kristina wrote:
If it will be walker accessible I'd love to attend the mortgage burning party.
I respect Bunning's opposition to TARP and the Fed. But now that the bankers have gotten their trillions, it's fair to ask him why he didn't filibuster TARP. Now everyone wants a bailout like the bankers? In the words of the Senator, "tough shit".
How much of military is union?
Much of the military of the Netherlands is unionized - last I heard. But that country hasn't been a world power since the 17th century.
From the comments to Krugman's article on financial reform:
This guy makes more sense than Krugman.
Comrade Kristina wrote:
I find the split between Paul and the Cato Institute on immigration interesting. In that sense, even the closest thing to a Libertarian in DC isn't all the way there.
It'll have to be, I'll be darn near in need of a walker by then myself.
pavel.chichikov wrote:
You say that as if the two are unrelated.
Colorado's retirement pension program PERA and its workers filed a class action lawsuit against the state because all retirees from March,1994 or later will not receive a cost of living increase this year instead of the promised 3.5% and future yearly increases will be limited to NOT higher than 2%
Workers File Suit Challenging Pension Legislation
hc wrote:
There's all sorts of factual reasons gasoline goes up in summer. Supplies of specific mixtures drop for one, plus the royalty payments on the patents of said mixtures.
pavel.chichikov wrote:
They're still a commercial power, and only gave up their colonial empire after WWII
Mish is a banker, and he is right to be afraid.
E pluribus unam? Or: I'm All Right, Jack?
Exactly. I have him pegged as nothing more than a drama queen
t r orwell wrote:
Why would they need COLAs this year anyway!?
Cinco-X,
Maybe this helps.
Union Members Summary
gave up their colonial empire after WWII
I've heard an eye witness account of what it was like for Dutch nationals in Java at the start of WWII. The illusion of Dutch imperial power was very insubstantial.
The solution: Everyone should be making less money.
Except for me.
Cinco-X wrote:
It is an odd thing to be young enough to not assume I'll be getting COLA. I'm lucky if my rising health care premiums don't lower my overall salary.
.
COLA may be the 2nd wave Dodo after the pensions disappear.
I don't know about "union" versus "non-union", but I think there will be considerable tension between private sector and public sector employees. Just wait until a couple more years of double digit unemployment and rising taxes to pay for public sector salary increases and benefits.
Yalt wrote:
I'm doing my part for ya, Yalt.
You say that as if the two are unrelated.
They might very well be related, but probably not in a direct way.
ghostfaceinvestah wrote:
Amen.
White collar contractors are not union, but I wouldn't be surprised if the blue collar ones are unionized.
Writing this from basement of big Fed Gov't building DC, where I'm now a contractor, doing work that would be done by a unionized fed had it not been outsourced.
Comrade Kristina wrote:
You don't know what you're talking about.
He isn't against extending benefits, he said the UE benfit extension should be taken from TARP funds instead of giving it to bankers. Unless you suddenly have love for bankers I think you'd actually agree with Bunning's position.
Congrats. Well deserved after all the BS you went through.
Lobbyist Ben Dover wrote:
Interesting:
I guess that answers the question....
"The solution: Everyone should be making less money.
Except for me. "
United we stand, but on different levels, eh?
greenchutes wrote:
They discover that if you aren't part of a gang, you're left out in the cold for the wolves.
Charles Kiting wrote:
Agreed, though of course the MSM is spinning it like he is the monster. He is actually the only non-monster in the group.
I worked as an auditor for a big-4 firm at the end of the tech boom. I was so disgusted by what I saw that I refused to put money into equities until there was real transparency. Ten years later, I'm still waiting.
Comrade Kristina wrote:
Just finished hefting a dozen 94lb sacks of concrete into the truck so hopefully I'm a bit aways myself. Here's to honestly hoping this is fixing your problem but please, please forgive me for reserving some small doubt until the loan has aged a few years. And no, I'm not doubting you, I'm still concerned that events beyond all our control may drive results.
js esq. wrote:
Hoops, is that you in de skies?
Cinco-X wrote:
Now start looking at public education, Police, fire etc. Nice block of voters in local elections. It really shows up living in a small town. most are greedy as a bankster.
Charles Kiting wrote:
Well put; one needs to be careful when using the DailyKOS as a primary news source.....
I dont think so. All she said was "Europe is ready to help, but you have to help yourself first". No real iron clad promise.
Merkel is in a big fight to save her coalition government which is now losing in the polls. If her party loses the next crucial local election in May, she will have lost her majority in the upper house. Any money for Greece from Germany is really hard to see, when Greece has been cheating in the past and still wants to keep a higher living standard than the Germans, while having a third world economy.
Cinco-X wrote:
Their taxes are going way up?
ghostfaceinvestah wrote:
Agree. The first shots have already been fired by the public sector employees.
broward wrote:
No, although I also used to work for a big corporate law firm. I've been on the site for years, but rarely post. I just happen to be sitting here all afternoon waiting for a Fed to give me work...
Rob Dawg wrote:
Why? To cover the cost of COLAs?
Cinco-X wrote:
Greenspan's magic wand waved over the CPI and ta-da steak became hamburger and evolved into dog food and today melamine jerky. Thus the wizard made inflation disappeared!!! I remember in the good ole' days when union wages were tied to the CPI when it really measured "inflation."
Cinco-X wrote:
CO dropped its minimum wage due to deflation so why would the pension folks get a COLA?
Colorado's union bought governor is not running for reelection. Lots of taxes, fees and damage. Mess so bad Tabor may get the ax before it's over.
No, the first shots were fired by the bankers.
Or did you miss the TARP and TALF trillions?
Did you miss the hundreds of billions in bonuses?
Did you miss the public unions in NJ accepting cuts?
ok lets turn our attention to where we do need mercenaries....
I like to hike, I take my daughter on a hike in the mountains of America, we run into one of these ops and I'm killed and daughter might have to witness evil before shes killed....Where are the terrorist..right in my backyard....I say take anybody working for the cartels operations down, then deliver the new sentence with evidence right to their front door since we know where they live..
we live in rediculous times, fighting wars oceans away and overhyped to begin with, while gangs wreak havoc on out forests, people and laws....
P.s. I have many ex-sheriff friends who would be available to hire....and cheap....
AP IMPACT: Drug gangs taking over US public lands - Yahoo! News
Charles Kiting wrote:
I re- read her comments. She is not saying 'Bunning is against extending benefits'; he has supported bigger programs that were not funded in the past, now he has found religion and holding back his support for a 10B$ program that includes UE beneits, also not funded. That is hypocricy?
yagij wrote:
My point exactly! Why would the pension folks get a COLA? Also note it's only a certain group not getting a COLA, and not all pensioners.
Charles Kiting wrote:
That's what I thought. The Dems just want to reserve that bonus pool for anything else they may want to throw money away at. A disgrace. Budget panel my ass.
ghostfaceinvestah wrote:
Oh yes.
"The mob will be local."
Cinco-X wrote:
Schwarzschild radius.
Lobbyist Ben Dover wrote:
Best govt. that Moveon.org and friends could buy..........
Rob Dawg wrote:
:overmyhead:
!?
Never mind; I looked it up....
The government unions vs others will only be a very temporary issue. The real problem IMO, as I have pointed out many times here, is that the fruits of productivity gains have not been passed to workers. Therefore this is akin to starting a civil war to benefit the elite.
However, the benefits of government union workers losing their jobs or earning less will in no way compensate the vast majority of the electorate for losing their standard of living. Therefore this is just a small, temporary skirmish that will lead to the real conflict a little later and it won't be just with the narrow definition of the
.
Sorry, I have to go.
The civil service class is the least of our problems - pensions for state/county/muni people, h&hs, debt service and military pork all make that a tiny part of the overall picture.
hefting a dozen 94lb sacks of concrete into the truck
somebody's taking mp's recommendations to heart
Oh, good, the knee jerks are around and I'm warming up the fastball.
Police, fire etc.
Ever rushed a burning building?
Personally, I have no problem with ample pay for people who risk their lives for the public and are paid by the public. They deserve it a lot more than some professionals I can think of.
pavel.chichikov wrote:
It's a common theme. Mish wants union members to get the same crappy pay as everyone else. Ghost wants Fannie/Freddie employees to be paid like public workers instead of bank employees. LBD thinks teachers are greedy. And that's just in the last few minutes.
I don't see anyone volunteering to take a cut themselves, though.
I've seen Mish in person and would reccommend no volunteer fire or police work for him. Ha,ha,ha,ha
To prevent crossing a horizon from which there is no return.
js esq. How does it feel going from a big corporate law firm to the basement of a federal building?
rps, my thoughts also. Nobody can place themselves above THE GREAT MESS and be thoroughly objective, ie, w/o a vested interest and no axe to grind.
Schwarzschild radius.
Black hole boundary.
Cinco-X wrote:
Schwarzschild radius.
:overmyhead: !?
I warned about the subtle dangers of succinct answers last week. Does recursive function work better? Okay, plain old but less accurate death spiral.
greenchutes wrote:
I'm not smart enough to know what the "overall picture" is. But I do know that city pension obligations take up more than 100% of the City Of Chicago property taxes. So it ain't "tiny".
Hoopajoops LTD wrote:
After ten months of unemployment, it's great. Though the disorganization and waste of resources is maddening.
Cinco-X wrote:
Teh googz iz u r friend.
JP wrote:
Umm....like crossing the Rubicon I guess..
Yalt wrote:
I do see a lot of people hung up on labour costs. That's a pretty low priority in my mind, considering the mountain of changes that are necessary before we get to the point where that will make a difference to the outcome.
OK, but why not use the TARP funds for some other worthy budget item, and let people receive their rent and food money?
I was more thinking of state workers and federales. I'd put that in my first category. I've noticed that Chicago actually has higher sales tax than coastal California. Gratz!
Yalt, a lot of private employees have taken pay cuts, cut's in hours, or laid off already. Tax income has dropped on average around 20%, but the states, counties, etc are still trying to deny the new reality.
I don't think anyone is happy, but the push back from the governments will be to cause the most pain for the public to defend their positions.
Yalt writes
I don't see anyone volunteering to take a cut themselves, though.
The free market greed heads who credit their success on their 1 part of prudence rather than their 9 parts of good luck are going to get their just desserts from the free market.
They complain that the teachers and government union workers and bankers are getting an unfair bounty. They don't realize that these groups are just better at playing the game behind the "free market" game.
Yalt wrote:
Didn't Wagner take a voluntary cut before they canned him?
Yalt wrote:
I did. I quit because I didn't have much real work to do and the company was pressing me to "generate" income, any how or any way I could. The US has become a difficult country for honest people. Most workers now are complicit liars who "just follow orders", they don't see themselves as liars or cheaters.
People like me get pay cuts already in empty rental and tenants with no job. Made money last year but am prepared for making less. Can you live on less? Take an honest look at what is happening on the opposite end of the Banksters. Government unemployment should equal private and certainly there should be not pay raises. Here state unions have turned down a pay freeze. They are greedy.
js esq. wrote:
Hey! We should put them in charge of our Medical Services!
Mish wants union members to get the same crappy pay as everyone else.
Hasn't Buffet said that the class war is over, and that the rich have won?
If true, are lower and middle class workers "the rich"?
Kauai_Kahuna wrote:
Don't forget cuts in benefits, like higher health care contributions and/or cuts in 401k matching.
Lobbyist Ben Dover
Here state unions have turned down a pay freeze. They are greedy.
Are they asking for more than the market will bear? No? Why are you complaining?
noob goldberg wrote:
I think it's already making a difference to the outcome: it's reducing aggregate demand. We've spent a couple of decades tyring to offset that through increased debt, and it's not working so well.
Those are some downright Jasian sentiments, Broward. Are you saying we're a bunch of BBADs here in gringolandia?
js esq., what agency, would you recommend it, and did they make you relocate?
Kauai_Kahuna wrote:
The bigger cuts come in the form of salaried employees working more hours.
They are greedy.
You don't go for all that you can get? But that's not greed?
Kauai_Kahuna wrote:
As have many public employees. I was referring to this board, not the public generally.
Yalt wrote:
Indeed, and I agree wholeheartedly. I should clarify: in terms of remedying our current predicament and permitting the economy to regain solid footing, addressing the stickiness of labour costs would be a fairly low priority.
Plus they're leveraged just like most everybody else
If archer daniels midland, gas distributors, academic text book manufacturers, and banks can gang up to gain leverage out of the market then so can workers. Even government workers. Why are you complaining? Remember the free market knows all.
Ah, yes the do more with less angle. We went from having over 30 people in our shop, and now down to 6. Reduced services, and overload the survivors.
It works out well for the penny counters, bad for the end recipients.
pavel.chichikov wrote:
Upper middle class is already "rich" for tax purposes.
Richness will be defined down until sufficient revenue is raised.
Hoops,
My point is and has been Most Americans are not smart enough to be mad. Till we all realize that
we all have to pitch in it fall further apart. Powerful people have us just where they want us. I don't see this happening like past generations. Welcome to coming hell.
Our lower middle class is still much better off than the vast majority of the rest of the human race. So we have a long way to go down.
Hoopajoops LTD wrote:
I'm a contractor for a large agency. I'd rather not name it, but it's run by an asian guy with a phd. I already lived in DC.
Hard to say whether I'd recommend it. I've only been here a few weeks, and they haven't really started us on our assigned task yet. The agency is so big that there are numerous offices, each of which has its own culture. I don't know if I'd want to work for this particular program, but I'd love a position in OGC.
But watching it take ten phone calls and two weeks to set up a computer and an email account is absurd. Spend a few weeks in the belly of the beast, and it makes you wary of government programs...
Richness will be defined down until sufficient revenue is raised.
Sad, funny and true.
If there is a spiral, the proximate cause is the break down of social solidarity. Whatever there was of it.
sm_landlord wrote:
Richness will be defined down until sufficient revenue is raised.
Dawgifornia's top income tax bracket kicks in at the munificent sum of $47,055.
RD, thanks I know you don't mean it personally. I have my own reservations about where all this is leading. I guess I should say I'm happy to have some breathing space for awhile if nothing else.
I think Leeb might be right about oil, but don't forget that he's been hawking oil since the early eighties
Have you had to go through the assistant secretary to the Secretary's assistant yet?
noob goldberg wrote:
I'm going to go farther and suggest that we should be doing what we can to increase the stickiness of labor costs. We can argue about how those costs should be distributed but we should not as a society be taking the axe to the incomes of those at the low end right now. Let it trickle up for a change.
Funny how those "liberals" in Sacramento managed to come up with the most regressive tax structure in the lower 48, ain't it?
jd esq., my big law firm was the same way. I hung out for three weeks doing no work when I started.
Lobbyist Ben Dover wrote:
I think most Americans are mad; the question is whether they're mad at the right people (and for the right reasons).
Let it trickle up for a change.
But...but...but...try and make me.
But we compare ourselves with those most visible, with a bias toward the highly recognized.
We also compare ourselves today with ourselves in the past. If you're a wage earner or small business, that's not a happy comparison.
t r orwell wrote:
Oh yeah, I know. He was an "early adopter" of the peak oil meme.
But his new book is especially nightmarish. No doubt that increases his newsletter sales, but his points are worth considering.
Yalt wrote:
Now there's an interesting idea. Are you thinking bounded labour costs--both a base and a cap--or just a floor? Or maybe a targeted maximum change % per year?
Those Apple hippies are traitors to their class.
Apple Urged to Disclose Suppliers After Worker Report (Update2) - Bloomberg.com
Or maybe just savvy free market players.
Hoopajoops LTD wrote:
Yeah, but if that continues at a firm, you get laid off (like me!). If it happens in government, they promote you.
Cinco-X wrote:
My ex-girlfriend is a surgeon for the military (Captain) and gets a $60,000 pension starting at age 42. Let's call it "union-like".
greenchutes wrote:
If the shoe fits.
My brother lost his job because he was set up to take the fall for his boss's ridiculous promises of delivery dates.
I've seen the same thing numerous times in the past decade.
greenchutes wrote:
And the most liberal of the most liberal in LA and SF have the highest regressive sales taxes on top.
If the is one bit of wisdom i can impart it would be this. Every result of California for decades has been negative yet everyone seeks to replicate the methods and practices of California. Where's the 50 experiments in democracy spreading the best results?
pavel.chichikov wrote:
I'm thinking the insurance companies should pay firemen and policemen salaries since the services of these public workers decrease insurance payouts for damage and theft.
Why would they want a union?
The organizer would probably just get shot or sent to jail in China.
Lobbyist Ben Dover wrote:
I wouldn't characterize them as greedy so much as dumber than a box of rocks. The reason they are so ignorant is most state governments have never had to control their budgets, endless pool of tax revenues. Now it's FedGov "loans". The trough needs to be hacked, in 1/2.
If it happens in government, they promote you.
You'll know you've arrived when you can spend half the day on the phone intriguing for the next post upwards, and the other half in back to back meetings.
Hoopajoops LTD wrote:
Even government workers. Why are you complaining? Remember the free market knows all.
Visions of productivity and invention fired up generations of would-be capitalists for the Great Experiment. But now that era is ended. There is a new world on the horizon: Can you out-Mafia the Mafia?
js esq. wrote:
Lots are mad but have no clue as to what to do. That is the smart part, it would scare the hell out of them. I go to the local Tea Party gatherings and it is sad. I could get up and speak but it would go right over 95% of their heads. They only understand what they learned in school or nothing. The best comment I heard was an old guy who though the NRA had done a hell of a job keeping guns in Americans hands. The Chinese won't dare invade the US. I bet he doesn't know they own more then a third of it.
You haven't really arrived until you can do all that and get a nice lunchtime buzz on.
noob goldberg wrote:
I was thinking more in terms of tipping the bargaining scales back in the union direction, by enforcing existing unionbusting rules for example. And a negative income tax or guaranteed basic income.
Rob Dawg writes:
Where's the 50 experiments in democracy spreading the best results?
Doesn't that require us to let the states regulate themselves instead of overriding their laws with federal preemption? I seem to remember a particular party was all about that, until they betrayed their base, their principles, and their country.
Which is why Bill Gates stated that he prefers Chinese "capitalism
".
Rob Dawg wrote:
The only result they were trying to replicate is the vote-getting.
Oh, that pesky Commerce Clause.
That pesky little 10th ammendment. We need to just formally get rid of it, at least in california, and assume the legal status of somewhere like Guam.
Funny, that's how Benj Franklin set it up in Philadelphia a few centuries ago. If you had insurance you'd put a plaque on the front of your home or business tell the firemen who to bill.
Check out the Philly fireman's museum.
noob goldberg wrote:
But high labor costs are necessary, to afford the high priced housing... Of course that price is greater than the global market will bear, thus the high unemployment.
My ex-girlfriend is a surgeon for the military (Captain) and gets a $60,000 pension starting at age 42. Let's call it "union-like".
She's worth it, especially if she's a combat surgeon, etc.
why a
is about 99% certain -> no jobs -> no $$ -> no savings -> no recovery -> no financial reform 
After the Tape: New Frugality? Not So Fast - Real Time Economics - WSJ
A modern company like Apple would never flout labor laws; that's why we don't need unions any more...
Hoopajoops LTD wrote:
Why yes. Yes, I believe you are correct sir. Having control of the Federal Legislature for only 20% of the time in the last half Century probably weakened their resolve.
Usually when your a total mess up, that is when your promoted to get you out of the shop and to make you someone else's problem.
Rob Dawg wrote:
What scares me is California's new experiment on eliminating free speech.
But they made up for it and did a century's worth of damage between '02-'06!
Yalt wrote:
32-hour workweek does all that without legislation.
It's a better impedance match of real work to people.
More WSJ BS. Darth Murdoch strikes again.
js esq. wrote:
Ask nova to help expedite the process - I believe he said he was the Tech guy for whichever part of fedgov he is employed by. He probably knows someone who knows someone in your agency.
"Is weakend their resolve" the weasel phrase for "decided to loot the country"? I'm starting to feel like the name of the game for everyone over the next few years will be learning to "weaken their resolve."
Yalt wrote:
I've thought along similar lines, but much more focused on cooperative action from the business side. There are many places in the business world where power is asymmetrically distributed, and I think there are opportunities to re-level the playing field.
Unlikely. $60K pension at 42 is ridiculous, but it's set up that way because our government has higher effective time preference than any sane person - just kick the can down the road. Though I suppose that since they can game the CPI they may yet get the last laugh - that pension will probably not be worth very much in twenty years, COLA or not.
1 currency now -yogi wrote:
Just exactly what kind of "punishment" is anyone suggesting for failing to confirm a handful of supposed 16yos were in fact only 15?
Nah, they just fire you. Less messy.
broward wrote:
I should have included it in my list.
Resolved: The Federal government is too big, the states too weak, but it's too late to do anything about it within a time frame that would save the Republic.
greenchutes wrote:
Yup, went all Democrat Party on our sorry asses.
maybe we should change the topic to AGW
bearly wrote:
I agree with the dumb as a box of rocks. They won't see their damage till their pie is gone.
WASHINGTON (Reuters) - Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama a freer hand to reshape the institution.
Fed's Kohn to step down
| Reuters
---What does it mean?
bbartlog wrote:
And yet it is available to ANYONE, who takes the oath, achieves rank, and completes the 20 years.
$60K pension at 42
Is anyone sure that '42' is correct?
Well, seeing as how we hadn't had a Democratic president since Carter, it was just a way of redressing that whole yin-yang thing.
js esq: just make sure to have the TPS report delivered to your manager on time and you are good to go.
pavel.chichikov wrote:
The Great Republic of Dawgifonia recognizes the stranger from the Sorrowed Lands to speak before the Body for a period of at least 3 minutes and longer at the whim of the Chair. Testify Brother! Come forth and give witness. Speak well and earn citizenship here.
Rob Dawg writes:
Yup, went all Democrat Party on our sorry asses.
I don't think the word you're looking for here is either Democrat or Republican. That little game is soon over. I think you're looking for some sort of label that is the combination between corruption, cronyism, capitalism, and financial oligarchy.
The woman became a qualified military surgeon at the age of 22? 32?
Charles Kiting wrote:
Inflation in the things you need, deflation in the things you bitch about.
The Purple Fascist Party.
You betcha'
And a surgeon was probably being trained until at least the age of 30, so really only 12 years work. Not a bad gig.
Blackhalo - And yet it is available to ANYONE, who takes the oath, achieves rank, and completes the 20 years.
As long as your not openly gay, can pass a pretty simple basic training, and sign your life away to be used as the good citizens of our country see fit.
Most people don't consider it because of that whole blank check thing.
greenchutes wrote:
You feeling underrepresented? Imagine being a conservative. Heck, there hasn't been a Conservative President since Cal and then TR before him.
Thanks, Dawg, but I'd have to study up for quite some time before being ready to present a good case. You'd want to be able to argue that proposition before the Supreme Court.
Hoopajoops LTD wrote:
"America"?.
Hoopajoops LTD wrote:
Reagan's Trojan Horse
Unlikely. $60K pension at 42 is ridiculous
Need to look at a UAW worker for about the same deal. 18 years old start and 48 retire, collect.
Charles Kiting wrote:
Why do you think they wear cool sunglasses?
I think Hoover was somewhat conservative. Just not very bright, kind of an airhead Californian.
Uncle Ar wrote:
I keep a spare pile, already filled out, in my briefcase.
Fortunately, one of the advantages of being a contractor is that you're not accountable for anything other than your hours. We can't sign off on government business, we just make recommendations to the people who can.
pavel.chichikov wrote:
Is anyone sure that '42' is correct?
Works with ROTC and doc and 7yr contract and re-upping incentives. Yes. [BIL is a full bird ealry 40s Med corps]
HomeGnome wrote:
I just call 'em the Kleptocrats.
Rob Dawg wrote:
Just what was posted:
Those goody goody "workers rights groups" only found a handful? Gee, with their unlimited financial resources and free access to all of Asia they surely could have come up with more dirt, eh dawg?
1 currency now -yogi wrote:
Apple hasn't, it's their suppliers that have. Those companies are operating in sovereign countries.
Unions in the US can't fix that problem.
Time to do some scab work and push some snow!
Unlikely. $60K pension at 42 is ridiculous
The term is "Democratic", unless you're poking fun at the stupid old GOP boy's network.
Yalt wrote:
If I raise my hand, will you try not to laugh at me? I suck at this Winner Takes All game
Yalt wrote:
It's interesting, I've been to a few interviews in the past few days and here in Asia the compensation packages keep getting better and better. I don't see how the US will be able to attract talent in the face of this. That's a long-term killer.
Rob Dawg writes:
You feeling underrepresented? Imagine being a conservative.
You don't feel represented by the efficiently distributed, perfectly synchronized talking points of the elected leaders of the conservative movement? They pay perfect lip service, after all.
I believe there is a dual mindset for most conservatives, one side being dominant to the other, depending on the times. One is authoritarianism and blind allegiance; you can tell when this mindset is ascendant when conservatives repeat phrases and narratives they've been told and seem to derive the same psychic satisfaction that normal people gain from saying something original. The other mindset, the productive one, the one I respect and await for, is the iconoclastic idealist. Goldwater had it, Ron Paul has it, the Republican party used to embody it. It is exemplified when conservatives justifiably reject a soft, populist policy for the harder, realistic, more sustainable, but less palatable alternative. This is the high-minded side of the conservative coin, the one which rejects what is comfortable for what is necessary.
I respect conservatives of the latter, and loathe conservatives of the former. Longwaver is a good example of an authoritarian conservative, in my opinion.
pavel.chichikov wrote:
I'll be proposing the members of my Supreme Court. Are you up to a buffet lunch at Hearst Castle with Chief Justice Broward and Minority Member Hoops before the public show trials? The Dawgifornian Autonomous Region does not answer to the 11th District nor those Federal Puppets.
Lobbyist Ben Dover wrote:
I have a relative that's a union rep for a large oilsands construction project. As soon as oil dropped from $120 to $40, the company tried to pull every trick in the book to slash labour costs. He said that the union had reduced company costs by at least 30% right off the bat, but the company was trying to cut them right to the bone.
His response: "We'll negotiate that stuff with them, but not yet, it's too early to start negotiating those sorts of harsh concessions."
And sure enough, within a few months oil recovered to $70+ and everyone is happy. Had they made those concessions immediately, they would have been locked into a 3 or 5 year contract worth very little (and making the union extremely unpopular with its members) and the oil company would have added another 30% to their profit margins.
Companies bring this union ignorance upon themselves, as far as I'm concerned. I have never seen a company build up a pot of cash so that they can continue paying their employees full salaries during extended industry downturns. Even Potash corp, who had revenues in the billions and had their greatest year in history in 2008, laid off almost their entire workforce at the very first hint that demand was shrinking. They had billions and billions in the bank, but that didn't even buy their employees an extra few weeks of work.
If the company is not going to take care of the employee, can you blame the employees for banding together into a union?
greenchutes wrote:
Carter elected under the guise of democrat. Under him the beginning of the decimation of the unions. Chrysler management looting brought Chrysler to the brink of ruin. Chrysler was saved and the UAW union concessions began in earnest. Southern presidents hate unions.
The only logical progression after "Globalism" took hold was our descent to Third World Shithole status. I keep reading (even here) how everyone makes to much (teachers, unions, postal workers etc) so my question just how little should we all be making? 2 bucks an hour? Would that insure our Utopia? The fact is productivity is off the charts and REAL wages have gone nowhere for decades. Let's all sit around and pretend that isn't the case while we bitch about what some other poor working fool makes.
tncubsfan wrote:
And medicals make rank MUCH more quickly, as those above retire to go private practice. Women, doubly so.
BIL is a full bird ealry 40s Med corps]
Daughter of a friend is a full colonel, MD, pathologist. He's coming over for dinner on the week-end. I'll inquire.
Does 60 K at 42 mean that when she retires subsequently she's in line for it?
It take years to qualify as a surgeon, especially with a specialty. At 22 she must have been in Med school.
I think you're describing a Fascist and Liberal, respectively. A conservative is someone like Ike. The 20s GOP were basically liberals in the real sense.
Are you up to a buffet lunch at Hearst Castle with Chief Justice Broward and Minority Member Hoops before the public show trials?
Maybe,as long as it isn't a sushi lunch.
I cannot say I've ever had a good experience with a military doctor. EVER. We used to refer to them as "butchers" and try to avoid getting medical care on base at all costs. I fired Mom's base doctor and moved her to off base primary care. The woman is quite possibly the worst Dr. I've ever met.
pavel.chichikov wrote:
It is all based on date of enlistment, and that starts at med school. Plus that 60K does not include the MASSIVE retention bonuses for officers in a medical field.
Comrade Kristina wrote:
Is this inflationary?
Is it just me, or is worrying about inflation just another way of saying you want someone else to take the hit?
pavel.chichikov wrote:
I was a juror in an accident case where one doctor / witness became a doctor through war-time service in a surprisingly short period. I wish I could remember the exact numbers.
The present value of a 32K annuity over (expected) 35 years or so is what, $600K? But really my issue is not so much with the amount of the pay as with the way the backloading of costs shows how our government is focused on the short term. If people retiring from the military were actually unemployable then making the pension such a big part of the compensation could make sense, but as it is it just shows that the fed gov would rather pay later than sooner.
pavel.chichikov wrote:
Ditto. And not in CA.
CaptainMorgan wrote:
No kidding. But banning unions in the US would create that problem.
Calling them "suppliers" at arm's length doesn't get Apple off the hook. If you sell a poisoned drug, you can't just pass the blame to your supplier in Asia.
A congressman just died after surgery at a Naval hospital. When he got sick post-op, they took him to a non-military hospital.
Just sayin.
noob goldberg wrote:
That is where they both are wrong.Market price should swing all cost both ways. Why not make wages float. Good time the workers will work their butts off and every body makes money. Prices and demand drop so do wages and profits. The game of screwing each other has to stop.
Comrade Kristina wrote:
I am reminded of the 'lipless wonder' Frank Burns character from MASH.
RIP!
Kauai_Kahuna wrote:
and sign your life away to be used as the good citizens of our country see fit.
As opposed to the whims of the market, private capitalists or government authorities? Pick your poison.
Which is worse - bankers or terrorists wrote:
Good one; she makes 1/4 of what surgeons make on the outside, and you call it union-like.
Also, are you sure about the pension on retirement? I thought they did away with that back in the '80s, and now required one to wait until 65 to collect the full pension; just my recollection. I could be wrong....
yagij
what about railroads?
nope largest is the national education assoc
Comrade Kristina wrote:
We don't reach Shithole status until tanks surround the White House to elect a new president.
Like Russia did with Yeltsin.
Comrade Kristina wrote:
Part of the hurt though, is the explosion in Medical, Education, and housing costs, much of it brought on by a credit bubble.
dr munch wrote:
A standard method for lousy hospitals to keep down their mortality rates is to ship dying patients to better hospitals.
She's not part of the AMA cartel, and also had her training provided as part of her work rather than have to take on six figures of student loan debt to pay for it. So there should be some difference in compensation.
Bush v Gore was probably farther from the spirit of the Constitution than a straightforward attempt at a coup involving tanks, which failed, incidentally.
Here comes the closing pump
The End Game is getting closer. Important read.
A Dark Day for the Mortgage Industry « HousingWire
"Leaving the more complex accounting minutiae aside for now (i.e., is a nine month forbearance a troubled-debt restructuring, thereby requiring a charge-off?), my comment is this: this proposal represents a dark day indeed for the mortgage industry, because it brings with it the distinct possibility of nationalizing our housing stock."
"But this proposal from the MBA reaches a much darker level. What do you really think happens when Uncle Sam is in deep for investor advances, and millions of U.S. “homeowners” have been allowed to stay in their homes for next-to-nothing in payments?
It’s a question I’d rather never see an answer to."
Cinco-X wrote:
You are. Only guard and reserve must wait until 65.
broward wrote:
We don't reach Shithole status until tanks surround the White House to elect a new president.
And the voting booths have separate exit lines depending on your party or presidential candidate, some of which have death squads waiting.
Whiskey wrote:
A standard method for lousy senators is to ship them to a military hospital.
,rade kristina im so glad for you.
broward wrote:
When I'm in charge Hearst Castle won't be in California anymore. Malibu to Monterey, Coastline to Coastal Range. Dawgifornia, the Glod Coast. Sure we'll get thirsty but that's what wine is for.
sounds all snark but I am serious in the subtext. We have to change the way we do business. And by business I really mean governance.
1 currency now -yogi wrote:
Awful slippery slope.
So if I work at a company that buys nuts and bolts to build a car, should they be responsible for the labor practices of the nut and bolt manufacturer in a foreign nation? At what level is this practical and enforceable?
Get realistic. Some of the suppliers to Apple are performing very low level products and services, and others performing a much higher level.
I am a firm believer in we deserve what we tolerate, and those in Asia and the US have tolerated this for far too long. I'm on your side, but there is a better and different way to fix the issue.
Tell him to demand that wages be tied to aggregate bonuses for 10-year periods, in "real" currency terms.
You know, the employees will be more productive if they can earn more money...
broward wrote:
I thought he was earmarked for a competent hospital.
greenchutes wrote:
Carter's administration belies the whole "century's worth of damage between '02-'06". What a disaster.
Lobbyist Ben Dover wrote:
You and I are in agreement on that point, but it's a very tricky one to implement. Workers require some secure base pay so that they can meet their personal obligations (food, shelter, etc), and companies require some stability in project costs. It's an interesting tightrope to walk.
I had what I thought was pretty good treatment at Walter Reed. Spent three days there because they wanted to watch me after an allergic reaction to insect venom - numerous stings. They thought I might have had a heart attack - which turned out not to be the case - so they moved me to the cardiac ward.
Later, I saw an allergist to check on what had happened, and he told me I was lucky to have been there. He said it is the best hospital in the DC area.
ghostfaceinvestah wrote:
Good Grief!
pavel.chichikov wrote:
Yes, she started med school at 22. She's full blown surgeon as I understand now (she's 33). Not sure if she'd retire and go into private practice and take the pension at 42....she's often said with malpractice risk in the US it's not worth it. She's said if she could get a job in a country with socialized medicine (she's thinking the UK) she'd go in a minute, because they're aren't malpractice risks.
km4 linked:
After the Tape: New Frugality? Not So Fast - Real Time Economics - WSJ
How are those healthcare premium increases workin' out for ya?
Blackhalo wrote:
Yes, I've heard about her retention bonuses and they are really good. She's in a specialty with high demand, too.
thank you fudge_hend good link
CaptainMorgan writes:
So if I work at a company that buys nuts and bolts to build a car, should they be responsible for the labor practices of the nut and bolt manufacturer in a foreign nation? At what level is this practical and enforceable?
Why are you undertaking the transportation, customs, and translation expense of importing bolts if not to take advantage of labor arbitrage? It's not like China has special bolt trees that make their bolts extra nice or cheap. They treat their workers worse than our workers; that's where the savings come from. So if you're buying bolts from overseas, it's true you have no control over the conditions that the workers over there are enduring, but isn't it pretty clear from the bottom line what's going on over there?
What's the alternative? Look for the union label? Depend on your government to protect us from trading with countries that fuck their workers? I don't know.
bbartlog wrote:
LOL that sounds like you're assuming we have some kind of inflation over the next 35 years in something besides oil. LOL, ok.
CaptainMorgan wrote:
Not the best example given Apple does not build a single thing. They do the design engineering, and marketing only. Everything else is done by Foxconn. Did you see the workers set fire to the Foxconn plant in Mexico, when the workers found out management was lying about the buses being late, in a effort to keep them working overtime?
And by business I really mean governance.
That would be extremely difficult and fraught with problems and dangers. We have an excellent system in theory and law.
Cinco-X wrote:
Idk, that's just what she told me, and she's not the type to invent the story. I really don't know, we're not talking at the moment.
I do know what she makes a year which I won't share, and based upon what I just saw what the average 2009 salary for a surgeon, it is probably 30% lower than the private market.
bbartlog wrote:
Check on both accounts.
Blackhalo wrote:
Well aware of that
It's all the more reason they can't do this internally in the US, and why they are so dependent on outside suppliers.
This is not that unusual to use outside suppliers, even large companies that have the internal capabilities use outside suppliers to avoid having to increase capacity for what is often temporary upturns in production.
Blackhalo wrote:
Ve vere only following orders. hahahaha.
I see a bright corporation future for Hoops in skid row alley.
greenchutes wrote:
WRONG! Most of FDR's programs were just extensions or expansions of Hoover's programs. The man was not a conservative!
Oh brother the top 400 earners averaged $345 million in 2007. I guarantee not one of them was a surgeon, military or private. Not one of them worked (worked physically) on a cure for a disease.
Army surgeons stink so you should pay them less? You want better surgeons, for lower wages, then tax bankers to subsidize more training. Oh, that's just tax and spend... "Tough shit." (Bunning's words)
Which is worse - bankers or terrorists wrote:
Free association yielded this:
YouTube - Weird Al Yankovic-Like A Surgeon
Hazmat Crews, FBI Called to IRS Building in Utah
Jonathan writes:
How are those healthcare premium increases workin' out for ya?
KEEP YOUR GOVERNMANT HANDS OFF MY MEDICARE, STINKIN LIIIIIIBERALS. FREE MARKET HEALTH CARE IS THE BEST HEALTH CARE! DEATH PANELS!
Rob Dawg wrote:
Government Dawg just got my vote. If Dawg can then legalize
I'll even make a contribution to his re-election fund.
I had a military dentist give me a filling in the wrong tooth! I got done with the appointment, got my feeling back in my teeth, and realized my tooth still hurt like hell! I went back and had the correct tooth filled, I guess we could consider the other filling a PM, in military parlance
I wasn't very amused at the time!!
tncubsfan wrote:
More school than that to be a surgeon, but start out in the service as a captain. I still wonder about retiring at 42 with a full pension.
pavel.chichikov wrote:
I look forward to being the first to put them both into practice.
Hoopajoops LTD wrote:
If you count on consumers to buy only US made products, don't hold your breath waiting.
If you are counting on China to get up to par on labor and environmental issues, don't hold your breath waiting.
Why should a product or service be allowed to be sold in the US if it's production does not meet US guidelines? This is probably the quickest and easiest fix, but not without consequences.
Rob Dawg wrote:
do you have a valid birth certificate?
1 currency now -yogi wrote:
Oh the things I would do if I was king
Too cynical of me I guess and you were actually there... but the hospitals are happy to game the diagnosis codes if they can, and the amount they make on just having you in a room for three days is pretty large.
greenchutes wrote:
Nope; both Nixon and Ike were "me too" Republicans, main street folks that claimed they could run the New Deal as well as the Dems. Nixon was very liberal, so much in fact that JFK was the conservative in the '60 election.