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Business, Economics, and Taxes: Capitalism. Yay? >=(

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  • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

    Yeah...no matter how many times I read that headline it kind of shocks me each time.
    "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
    -aparch

    "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
    -INCH

    Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
    -ScoobyDoo 12/17/2007

    Comment


    • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

      Originally posted by SJHovey View Post
      I imagine there are a number of reasons why companies might do this. It probably has something to do with status as an "employee" since if you are just laid off without pay, I don't know that you're even an employee anymore. That maybe screws up things like benefits and your eligibility for them.
      Furlough, employee keeps their benefits, and when (and it'll be when, eventually) this gets better, the employer won't have to go through the interview process/training/paperwork for a new employee. The furloughed employee just comes back to work. That is my understanding.
      Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
      Tastes like a warm summer day. -Raylan Givens

      Comment


      • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

        I wonder how much of the stock market rebound from the lows a month ago are from all of us heeding the advice to stay the course, and invest more at the "bottom."

        I do have to say, some of the advice I've received here has done well. Increased my contribution amount right after the market crashed. Switched my 401K investment into a group that had better mix of companies with good balance sheets and better long term recovery outlook. Recovered the password to a long forgotten 401k rollover that had been sitting in a money market account for years earning squat, switched that to a different group to actually do something for me before the market rebounded.

        Still haven't jumped in to individual stocks. I am unsure I want to commit to a Vangaurd account just for stocks. Might open a Robinhood to test the waters (since I don't have to invest much).
        “Demolish the bridges behind you… then there is no choice but to build again.”

        Live Radio from 100.3

        Comment


        • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

          Originally posted by aparch View Post
          I wonder how much of the stock market rebound from the lows a month ago are from all of us heeding the advice to stay the course, and invest more at the "bottom."

          I do have to say, some of the advice I've received here has done well. Increased my contribution amount right after the market crashed. Switched my 401K investment into a group that had better mix of companies with good balance sheets and better long term recovery outlook. Recovered the password to a long forgotten 401k rollover that had been sitting in a money market account for years earning squat, switched that to a different group to actually do something for me before the market rebounded.

          Still haven't jumped in to individual stocks. I am unsure I want to commit to a Vangaurd account just for stocks. Might open a Robinhood to test the waters (since I don't have to invest much).
          Only go into individual stocks if you’re willing and able to commit to the time and effort of the research.
          "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

          "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

          "Good news! We have a delivery." Professor Farnsworth

          Comment


          • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

            Cramer’s rule of thumb was an hour a week per stock.
            Code:
            As of 9/21/10:         As of 9/13/10:
            College Hockey 6       College Football 0
            BTHC 4                 WCHA FC:  1
            Originally posted by SanTropez
            May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
            Originally posted by bigblue_dl
            I don't even know how to classify magic vagina smoke babies..
            Originally posted by Kepler
            When the giraffes start building radio telescopes they can join too.
            He's probably going to be a superstar but that man has more baggage than North West

            Comment


            • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

              "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
              -aparch

              "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
              -INCH

              Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
              -ScoobyDoo 12/17/2007

              Comment


              • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                Originally posted by Handyman View Post
                Ashford, Inc has 117 hotels and already furloughed 95% of it's 7000 employees

                How is this not fraud?
                Jordan Kawaguchi for Hobey!!
                Originally posted by Quizmire
                mns, this is why i love you.

                Originally posted by Markt
                MNS - forking genius.

                Originally posted by asterisk hat
                MNS - sometimes you gotta answer your true calling. I think yours is being a pimp.

                Originally posted by hockeybando
                I am a fan of MNS.

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                • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                  Comment


                  • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                    Originally posted by MinnesotaNorthStar View Post
                    When it was the intended plan of the program?
                    What kind of cheese are you planning to put on top?

                    Comment


                    • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                      Originally posted by Deutsche Gopher Fan View Post
                      Until 5 years ago, the FRB was operating its MQ systems on computers built in 1984 or earlier. I was on the call when they said as much. They’re still using the crappy proprietary message layouts from back then, too.
                      "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

                      "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

                      "Good news! We have a delivery." Professor Farnsworth

                      Comment


                      • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                        This is getting more weird at work.

                        So they furloughed a bunch of people for two weeks with pay. I wasn't in that group. But I will likely be included in the group that gets paid furlough for a week which hasn't been scheduled yet beyond "it will be in Q2".

                        So essentially, I had to take 1.5 weeks of my vacation by June 30th. Luckily, I already had four days used for the wedding. But in return, I'm getting a week of paid furlough/vacation where I cannot work under any circumstances (check, by the way ). So yay?
                        Code:
                        As of 9/21/10:         As of 9/13/10:
                        College Hockey 6       College Football 0
                        BTHC 4                 WCHA FC:  1
                        Originally posted by SanTropez
                        May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                        Originally posted by bigblue_dl
                        I don't even know how to classify magic vagina smoke babies..
                        Originally posted by Kepler
                        When the giraffes start building radio telescopes they can join too.
                        He's probably going to be a superstar but that man has more baggage than North West

                        Comment


                        • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                          Originally posted by dxmnkd316 View Post
                          This is getting more weird at work.

                          So they furloughed a bunch of people for two weeks with pay. I wasn't in that group. But I will likely be included in the group that gets paid furlough for a week which hasn't been scheduled yet beyond "it will be in Q2".

                          So essentially, I had to take 1.5 weeks of my vacation by June 30th. Luckily, I already had four days used for the wedding. But in return, I'm getting a week of paid furlough/vacation where I cannot work under any circumstances (check, by the way ). So yay?
                          I would say if the end result is you still having a job, I'd be okay with it. My work is still contemplating taking volunteers for a 4 day work week, of sorts. Each weekday, x amount of volunteers would have a non-paid day off. I'm in a unique position, since my co-worker is on a personal leave of absence, and there are only 3 others that can perform my job (and 2 of those are my bosses, which limits their availability due to other responsibilities).

                          I've been through this route before, with that last recession a few years back. Thankfully, no one was laid off due to this course of action. I have a feeling this time the situation is a bit more severe, but I have hope everyone at my branch will be okay. My work actually cares, compared to some other companies out there. I'm very thankful for that.
                          Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
                          Tastes like a warm summer day. -Raylan Givens

                          Comment


                          • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                            "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                            -aparch

                            "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                            -INCH

                            Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                            -ScoobyDoo 12/17/2007

                            Comment


                            • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                              Jesus Christ, this entire program is criminal.

                              People need to go to jail for this.
                              What kind of cheese are you planning to put on top?

                              Comment


                              • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                                "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                                -aparch

                                "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                                -INCH

                                Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                                -ScoobyDoo 12/17/2007

                                Comment

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