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

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  • #631
    Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

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    • #632
      Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

      I want no time wasted by Biden's AG. Whoever it is, they'd better restock the DoJ and go after these criminals to the full extent of the law. Lock them up.

      Comment

      • #633
        Originally posted by FadeToBlack&Gold View Post
        I want no time wasted by Biden's AG. Whoever it is, they'd better restock the DoJ and go after these criminals to the full extent of the law. Lock them up.
        Here’s another

        “ U.S. Education Secretary Betsy DeVos is using the $2 trillion coronavirus stabilization law to help sectors she has long championed, directing millions of federal dollars intended primarily for public schools and colleges to private and religious schools.”

        Comment

        • #634
          Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

          Originally posted by Deutsche Gopher Fan View Post
          Here’s another

          “ U.S. Education Secretary Betsy DeVos is using the $2 trillion coronavirus stabilization law to help sectors she has long championed, directing millions of federal dollars intended primarily for public schools and colleges to private and religious schools.”
          Start with a lawsuit; criminal charges can come after 1/20/21.

          Comment

          • #635
            Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

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            • #636
              Re: Business, Economics, and Taxes: Capitalism. Yay? >=(



              Another one bites the dust.
              Go Green! Go White! Go State!

              1966, 1986, 2007
              Go Tigers, Go Packers, Go Red Wings, Go Pistons

              Comment

              • #637
                Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                Originally posted by Spartanforlife4 View Post


                Another one bites the dust.
                But they just paid out 7-figure bonuses to their executives, so....
                It's never too early to start the Pre-game festivities

                Go Cats!!! GO BLACKHAWKS!

                Cuck the Fubs... Let's Go WHITE SOX!!!

                Wildcat Born, Wildcat Bred....

                Comment

                • #638
                  Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                  Originally posted by RaceBoarder View Post
                  But they just paid out 7-figure bonuses to their executives, so....
                  Obviously. That's what corporations are for. Employing people and making products are distractions Wall Street has streamlined away.
                  Cornell University
                  National Champion 1967, 1970
                  ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                  Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                  • #639
                    Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                    Chapter 11. Whatever.
                    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

                    • #640
                      Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                      An interesting story about the Dodge Brothers on Jalopnik today.

                      An interesting bit from the article:
                      The brothers brought a lawsuit against Ford seeking $39 million to be distributed to stockholders. Ford was blindsided by the move, though he probably shouldn’t have been. Ford claimed that he had stopped paying dividends to investors because he wanted the money to reinvest in workers, new models and to build his gigantic River Rouge plant. He wanted to do all that and at the same time keep the price of the Model T incredibly low.

                      ...

                      To give you an idea of how intense this time period was, in 1913, the Dodge Brothers sold around 250 cars during its first year in existence. It sold 45,000 the next year, as Chrysler.com recounts. The year the brothers brought the lawsuit, Dodge was the second-largest automaker in the U.S. behind only Ford. And they were respected machines. The Dodge brand had a reputation for durability, which led to Dodge becoming the official truck of the U.S. during World War I.

                      Ford fought back, but the Dodges eventually won their suit and made Henry Ford look like a fool in the process. No matter what Ford the man said about investing back into his cars, the judge ruled that Ford the company existed to serve its shareholders like Dodge first and foremost. “There should be no confusion,” the judge stated in his opinion, “a business corporation is organized and carried on primarily for the profit of the stockholders.”

                      ...
                      The lawsuit brought by the brothers against Ford became the legal basis for the idea that companies exist primarily to generate profits for shareholders, setting the stage for the aggressive rise of the American corporation.
                      The link at the end of that is to another article which goes in depth into the lawsuit that formed the basis for corporations in America.

                      And from that second article comes this gem:
                      That’s a short way of saying, in reality, corporations are exactly who we think they are: entities that exist to achieve maximum profit. Nothing more.
                      I never knew the exact background of this case, so it was interesting to read up on this.
                      “Demolish the bridges behind you… then there is no choice but to build again.”

                      Live Radio from 100.3

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                      • #641
                        Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                        Another 2.4 Million filed their initial jobless claims last week. States are still going through their backlog. So that puts us at:
                        March 1-7 = 211,000 initial claims added to unemployment
                        March 8-14 = 280,000
                        March 15-21 = 3.3 Mil
                        March 22-28 = 6.6 Mil
                        March 29-April 4 = 6.6 Mil
                        April 5-11 = 5.3 Mil
                        April 12-18 = 4.4 Mil
                        April 19-25 = 3.8 Mil
                        April 26-May 2 = 3.2 Mil
                        May 3-9 = 3.0 Mil
                        May 10-16 = 2.4 Mil
                        Total = 39.1 Million added since March 1st, 38.6 relative to COVID-19 shutdowns.

                        The four week rolling average of continuing claims hovers around 22 Million currently.
                        Last edited by aparch; 05-21-2020, 09:32 AM.
                        “Demolish the bridges behind you… then there is no choice but to build again.”

                        Live Radio from 100.3

                        Comment

                        • #642
                          Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                          Hertz Car Rental is the latest company to file for bankruptcy protection.


                          Is it just me, or in this wave of bankruptcies are companies that were basically hanging on for dear life anyway just using COVID-19 as the excuse to cut the excess off: write off debt and shed payroll/expenses?
                          “Demolish the bridges behind you… then there is no choice but to build again.”

                          Live Radio from 100.3

                          Comment

                          • #643
                            Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                            Yes
                            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

                            • #644
                              Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                              Yup
                              a legend and an out of work bum look a lot alike, daddy.

                              Comment

                              • #645
                                Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                                Originally posted by aparch View Post
                                Hertz Car Rental is the latest company to file for bankruptcy protection.


                                Is it just me, or in this wave of bankruptcies are companies that were basically hanging on for dear life anyway just using COVID-19 as the excuse to cut the excess off: write off debt and shed payroll/expenses?
                                Absolutely. and has been mentioned before around here it is also going to be the excuse for lowering wages as things open up.
                                "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.
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