This is yet another example of how racism hurts many people, including those who are not its intended targets. It remains one of the most destructive forces in this country.
This is yet another example of how racism hurts many people, including those who are not its intended targets. It remains one of the most destructive forces in this country.
I agree. Just this morning, before Thom published, we were in a conversation about the economy.
A comment by Harvey Krevitz: "The billionaire class running the show are capitalists in name only (CINOs). In reality, they function as oligarchs or plutocrats. They fail to grasp—or deliberately ignore—that while capitalism offers many benefits, it inherently drives wealth toward the top of the economic pyramid. For capitalism to function equitably, wealth *must* be redistributed through taxation. Yet, this essential mechanism of redistribution is precisely what oligarchs oppose."
I responded in part. "I only know a few people who were CEOs but whenever we'd talk, I'd always ask why they did not support Medicare for all. I'd have to tell them about the collateral source rule, and remind them they could lay off exposure for future medical, health insurance, and that it would cut the cost of stuff like workers comp, liabilty insurance, etc......
"I think that if I were a corporate raider, or for that matter, a shareholder. that would be a reason to attack management."
Daniel, employee benefits are tax deductible,and more importantly they keep people "enslaved" to an employer,We've heard or read it many times, that if benefits were portable, employers would have to be more careful and considerate. As it is they are virtually enslaved to their employer.
My wife is a retired building official, her benefits were portable, PERS, and every municipality offers health care. If you don't like the way management treats you in in one jurisdiction, you just interview for a job in another. And in many cases jurisdictions are close enough together that you don't have to uproot yourself and your children.
As if they don't get sued. The savings in liability exposure standing alone should be huge, even if they can write them off. It reduces the cost of goods sold from an accounting standpoint.
This why cars made in Windsor, Canada, are more profitable than if made across the river in Detroit.
I have a piece of shit 2001 PT Cruiser, only 22,000 miles, electronics are crap,key fob doesn't work, tire delaminated, it was built in Mexico, shipped to Quebec, transshipped to Victoria BC and then shipped to Burlington, WA were I bought it for $25,000 way over price, because my wife thought it would be a classic.
Chrysler cars are POS, especially their Vans, transmission go out at 60,000 miles or sooner, their Jeeps have ignition problems..
They sport wire antennas that went out in the 1990's.
Mercedes bought Chrysler, then unloaded it to Fiat, and Fiat was bought out by Stellantis, and not a dollar has been spent on correcting problems or updating....This is not planned obsolescence but they are obsolete on the production line
America was always about making a profit, otherwise there is no reason to invest, built a company or an industry, but it has degraded now to where they are nothing but financial institutions, and delivering a product is secondary to their real business.
One imagines that the real business of insurance company is insurance. It is not. back in the 1980's when I was working on my masters, the largest farmer in the country was Prudential.
Insurance companies are financial investors, and their principal owners are the same that own most media, PhrMA, health Chemical and even defense indusries like Raytheon, Vanguard, Blackrock and State Street Group
It's true that they have interlocking corporate boards, whch IMHO should be a violation of the Clayton Act.
From an investment standpoint, "growth" has eclipsed "value" investing. The real business is scamming their own investors, employees and customers.
But I bet Putin views these captains of industry as marks. "One theory is that he has "strongarmed Russia's oligarchs" into handing over cash and shares in companies, "threatening them with arrest or worse" should they refuse, said CNN."
"Another is the "mafia model", said Forbes, in which Putin helps friends and family members "become rich by awarding them government contracts or ownership in businesses" and in return receives "kickbacks"."
The Putin model is shortly to become the Trump model. Worse he is going to rebrand America as Trumplandia.
I is just historically conversation Daniel, but IIRC it all started under Reagan with the the Merger and Acquisition mania.
The business model shifted from production to financialization, and now it has shifted again. To a subscription based economy,, everything from software to TV.
There are a lot of services missing out on my money, because I will not subscribe, because it is a pain and near impossible to cancel. This includes Haaretz and substack, I've made an exception for Thom Hartmann and Robert Reich, I do have Dish because nothing else is available,not even over he air, and my wife signed up for Netflix. My ISP, my wife's Cell service,
I am still using Windows 7, and my Office 2007 is just fine But almost everything I have an interest in these days is subscription, with automatic renewal and I am just not that interested
A person couldn't pay their utility bill if they signed up for all of the streaming services, substacks and news services that interested them.
Then there is the charities, Yegads its $19 a month for this, $19 a month for that, there is no end to it, and politician and political parties are forever trying to get into your wallet, even after they lost an election or won it,it doesn' t stop.
I have a couple of favorite charities and I donate big to them, but they are one time donations, and they give me the option, if they didn't I would not donate at all.
What sours me on politicians and charities (I worked for the Red Cross) is that basically the donor is paying for the mortgages and lifestyle of well paid executives and employees. Politics is worse, you have armies of professionals, fund raisers, strategists, analysts, lobbyists, if they were all fired DC would be a ghost town, and you could drive in peace in NY.
This is yet another example of how racism hurts many people, including those who are not its intended targets. It remains one of the most destructive forces in this country.
I agree. Just this morning, before Thom published, we were in a conversation about the economy.
A comment by Harvey Krevitz: "The billionaire class running the show are capitalists in name only (CINOs). In reality, they function as oligarchs or plutocrats. They fail to grasp—or deliberately ignore—that while capitalism offers many benefits, it inherently drives wealth toward the top of the economic pyramid. For capitalism to function equitably, wealth *must* be redistributed through taxation. Yet, this essential mechanism of redistribution is precisely what oligarchs oppose."
I responded in part. "I only know a few people who were CEOs but whenever we'd talk, I'd always ask why they did not support Medicare for all. I'd have to tell them about the collateral source rule, and remind them they could lay off exposure for future medical, health insurance, and that it would cut the cost of stuff like workers comp, liabilty insurance, etc......
"I think that if I were a corporate raider, or for that matter, a shareholder. that would be a reason to attack management."
Daniel, employee benefits are tax deductible,and more importantly they keep people "enslaved" to an employer,We've heard or read it many times, that if benefits were portable, employers would have to be more careful and considerate. As it is they are virtually enslaved to their employer.
My wife is a retired building official, her benefits were portable, PERS, and every municipality offers health care. If you don't like the way management treats you in in one jurisdiction, you just interview for a job in another. And in many cases jurisdictions are close enough together that you don't have to uproot yourself and your children.
As if they don't get sued. The savings in liability exposure standing alone should be huge, even if they can write them off. It reduces the cost of goods sold from an accounting standpoint.
This why cars made in Windsor, Canada, are more profitable than if made across the river in Detroit.
I have a piece of shit 2001 PT Cruiser, only 22,000 miles, electronics are crap,key fob doesn't work, tire delaminated, it was built in Mexico, shipped to Quebec, transshipped to Victoria BC and then shipped to Burlington, WA were I bought it for $25,000 way over price, because my wife thought it would be a classic.
Chrysler cars are POS, especially their Vans, transmission go out at 60,000 miles or sooner, their Jeeps have ignition problems..
They sport wire antennas that went out in the 1990's.
Mercedes bought Chrysler, then unloaded it to Fiat, and Fiat was bought out by Stellantis, and not a dollar has been spent on correcting problems or updating....This is not planned obsolescence but they are obsolete on the production line
America was always about making a profit, otherwise there is no reason to invest, built a company or an industry, but it has degraded now to where they are nothing but financial institutions, and delivering a product is secondary to their real business.
One imagines that the real business of insurance company is insurance. It is not. back in the 1980's when I was working on my masters, the largest farmer in the country was Prudential.
Insurance companies are financial investors, and their principal owners are the same that own most media, PhrMA, health Chemical and even defense indusries like Raytheon, Vanguard, Blackrock and State Street Group
It's true that they have interlocking corporate boards, whch IMHO should be a violation of the Clayton Act.
From an investment standpoint, "growth" has eclipsed "value" investing. The real business is scamming their own investors, employees and customers.
But I bet Putin views these captains of industry as marks. "One theory is that he has "strongarmed Russia's oligarchs" into handing over cash and shares in companies, "threatening them with arrest or worse" should they refuse, said CNN."
"Another is the "mafia model", said Forbes, in which Putin helps friends and family members "become rich by awarding them government contracts or ownership in businesses" and in return receives "kickbacks"."
The Putin model is shortly to become the Trump model. Worse he is going to rebrand America as Trumplandia.
I is just historically conversation Daniel, but IIRC it all started under Reagan with the the Merger and Acquisition mania.
The business model shifted from production to financialization, and now it has shifted again. To a subscription based economy,, everything from software to TV.
There are a lot of services missing out on my money, because I will not subscribe, because it is a pain and near impossible to cancel. This includes Haaretz and substack, I've made an exception for Thom Hartmann and Robert Reich, I do have Dish because nothing else is available,not even over he air, and my wife signed up for Netflix. My ISP, my wife's Cell service,
I am still using Windows 7, and my Office 2007 is just fine But almost everything I have an interest in these days is subscription, with automatic renewal and I am just not that interested
A person couldn't pay their utility bill if they signed up for all of the streaming services, substacks and news services that interested them.
Then there is the charities, Yegads its $19 a month for this, $19 a month for that, there is no end to it, and politician and political parties are forever trying to get into your wallet, even after they lost an election or won it,it doesn' t stop.
I have a couple of favorite charities and I donate big to them, but they are one time donations, and they give me the option, if they didn't I would not donate at all.
What sours me on politicians and charities (I worked for the Red Cross) is that basically the donor is paying for the mortgages and lifestyle of well paid executives and employees. Politics is worse, you have armies of professionals, fund raisers, strategists, analysts, lobbyists, if they were all fired DC would be a ghost town, and you could drive in peace in NY.