Seeking Alpha

Mortbert

Mortbert
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Linn ups exchange ratio for Berry bid [View news story]
    The deal makes some sense in that BRY has invested in new production and produced improved bottom line results? I trust LINE management is working in the long term interests of everyone but will consider voting against the deal.
    Nov 4 02:45 PM | 1 Like Like |Link to Comment
  • Linn ups exchange ratio for Berry bid [View news story]
    I'm not happy with the new deal. I think we could have kissed BRY goodbye and found a sweeter deal elsewhere.
    Nov 4 12:30 PM | 1 Like Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    LoganSix
    Before going back to why the minimum wage needs to be raised, lets look at some real data:

    "We examined data from the nonpartisan Tax Policy Center that computes the nation’s tax revenues as a percentage of its Gross Domestic Product -- the total of all goods and services produced.

    When Reagan took office in 1981, federal taxes were 19.6 percent of GDP, the highest level since World War II. That figure dropped to 17.3 percent during his first term and rose to 18.2 percent at the end of his second term.

    For comparison, federal tax revenues for this fiscal year are estimated at 15.8 percent of GDP."

    Krugman correctly predicted that slashing government spending during a recession would not help a national economy - it would hurt. England and other European economies have proved him right.

    The luxury boat tax is 10% over $100,000 dollars. That effected about 10 to 12,000 boat sales in a 700,000 sales market. I think the recession cost more jobs.
    Dec 18 02:11 PM | Likes Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    Tom Sr
    As long as we start out with the premise that "Everyone should be able to get health care" we can work out the details on how to achieve the goal.

    You are also absolutely right when you say the poor who can't afford insurance without Obamacare will not be able to pay when The Affordable Care Act is implemented.

    Emergency room care for the uninsured is paid for by the rest of us. By higher premiums on the insured and by inflated charges for facilities and services to compensate for "bad debt". I hear its costing each of us about $1000 a year. It's not funded by taking money from doctors and providers.

    The rest of the advanced world solves the problem by "universal health insurance". Everyone that can pay something contributes. Obamacare doesn't go this far. Often the money is collected by government but, in some case, private insurers actually run the system. It's like Medicare in that everyone is in and that you choose your doctor, hospital, and make your own medical decisions. On the other extreme is the Brits socialist system (which is like the VA) where you show up at hospital for "free" care and are assigned a doctor whose only duty is to provide the best care. Meanwhile our cost per patient care is twice that of the next most advanced nation and our quality of results is about 16th.

    Recommendation -If you haven't seen it, view Moores' documentary "Sicko".

    I completely agree with encouraging everyone to live a healthier life style. I saw the light in my 30s when several friends and work associates began to drop. This led to 30 years of jogging. The problem is getting people's attention!
    Dec 17 02:53 PM | Likes Like |Link to Comment
  • The right-to-work issue in Michigan isn't going unnoticed by labor unions. UAW President Bob King was at the state's Capitol building leading a protest against legislation that would allows workers to opt out of unions and not pay dues. The state House passed the measure yesterday by 58-42, sending it along to the Senate. Though the Big Three are deathly quiet on the issue, it wouldn't be a stretch to imagine weakened union laws in Michigan could help bottom lines. [View news story]
    RyanDan

    Too "many people use unions as a crutch to help them with their lack of ambition, energy or willingness to work for the benefit of the employer and neighbors not in the union."

    I think most people work to improve the quality of their lives. Union dues are part of the cost of continued improvement as is rent part of the cost of keeping a roof over your head. Sure, some folks are fat, happy and without a need to do better. Many, if given a chance to do better will break their butts.

    The union folks who shop at Walmart, can't afford to shop elsewhere. When I was young (sigh) and poor in NYC, I furnished my $26/mo apartment in the Village by finding furniture left on the curb uptown. Nice stuff especially at the price. Did you ever try getting a table into an MGA?
    Dec 17 02:26 PM | Likes Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    LoganSix, I don't believe I've lost an argument yet. We have different opinions... and mine are backed by data.

    First this great quote I found:

    Abraham Lincoln:
    “Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”

    The the rich usually build their wealth by melding ideas and labor with market needs. A product only available to the rich is usually a market failure (yeah, I've heard of Rolls Royce). Folks knew about root cellars and other cool spots to keep food long before Joe Gotbucks decided he needed and could afford an "icebox". Products make it when they reach a price point where there is a mass market... like the HP desktop print and in a few years 3D printers. If we depended on the rich consumer we'd all be broke. The demand from the bottom 98% is the driver for business.

    The "luxury tax" is just that. If a tax is added to a million dollar yacht, a private jet, or a Lamborghini it will not effect my buying decision... nor will it bother Bill Gates. It costs no jobs.

    Bush senior and Reagan recognized that they needed additional revenue and they did what needed to be done for the good of the country, unlike current conservatives ideologes.

    The Nobel winners in Physics, Chemistry, Biology and Paul Krugman will be hurt by your skepticism.

    Your turn.
    Dec 17 01:32 PM | Likes Like |Link to Comment
  • The right-to-work issue in Michigan isn't going unnoticed by labor unions. UAW President Bob King was at the state's Capitol building leading a protest against legislation that would allows workers to opt out of unions and not pay dues. The state House passed the measure yesterday by 58-42, sending it along to the Senate. Though the Big Three are deathly quiet on the issue, it wouldn't be a stretch to imagine weakened union laws in Michigan could help bottom lines. [View news story]
    Ryandan
    I shall not give up on you. My current theory is that either you have a psychological block concerning the history of the labor movement or that you get your kicks simply from arguing with us folks. Your wife needs to work on you harder.

    Forgetting the head busting, private dicks, local police and militia called out on behalf of the poor helpless corporations, did unions contribute anything to passing child labor laws, the 40 hour work week, workplace health and safety standards...? And now that unions are on the way out and corporations are the only ones on the playing fields (since the corporations own much of government) the corporations see the light. Now that they have won they must not abuse works, they must offer health care, child care, retirement benefits.

    Now for the important stuff:
    Have you looked at LNCO for your IRA?
    We can still try and make money even if you are confused about unions ;-)

    Debate keeps the juices flowing.
    Dec 16 05:59 PM | 1 Like Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    Jerryu44 on the Democratic Party.

    Your sentiments are beneath comment.
    Dec 15 08:03 PM | Likes Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    LoganSix. re: Wealth Inequatily.
    Wrong. Wrong. Wrong! Spend five minutes looking at the numbers on how the wealth has moved to the top 1% over the last five years until, at this point, the top 400 ( top 0.1%) have 1.7 trillion in assets. The 6 Waltons all inherited their money as did Steve Jobs wife. Not many wealth creators, a lot of financial manipulators.

    I give you Nobel Prize winner Joseph Stiglit:

    By JOSEPH E. STIGLITZ | 6/11/12 9:39 PM EDT
    "America’s growing inequality is likely to play an important role in this election — and rightly so. Americans see that something is happening to our society: We have become increasingly divided. We may all be in the same boat — but some are traveling steerage and others first class.

    Inequality is now far higher than just 30 years ago. The top 1 percent today gets around 20 percent of the nation’s income — twice what it did two decades ago. The top 0.1 percent’s share has almost tripled. Disparities in wealth are even greater.

    Some on the right argue that this is the politics of envy. They say what matters is not the share of the pie — but the size of the slice. But inequality, especially of the U.S. variety, is bad for growth. The country grew faster in the decades after World War II — when it was also growing together, with all groups seeing increases in income. But those at the bottom were growing the most.

    By comparison, growth since 1980 has been slower, as the share of the bottom and middle has diminished. That means that those in the middle, ordinary Americans who work for a living, let alone those at the bottom, are getting a smaller slice of a pie that is smaller than if we had continued growing as we did postwar. The net result is disheartening: Most Americans are worse off today than they were 15 years ago.

    Some on the right also assert that those at the top deserve their higher incomes. They earned it, conservatives say. Their riches were due to their greater contribution to society, from which all benefit.

    I wish that were true — but it’s not. Those at the top aren’t the true innovators — people who provided the intellectual foundations of the computer, for example, or the Internet. Or those who invented the transistor or the laser; or, like James Watson and Francis Crick, who unraveled the genetic code laying the foundations of so much of modern medicine.

    Much of the top-most wealth instead comes because of successful “rent seeking.” Economists use the term “rents” for income derived from owning an asset, rather than from effort. “Rent seeking” refers to attempts to garner a larger share of the economic pie, rather than making the pie larger.

    Monopolists, for example, gain their wealth through restricting production — which makes the size of the pie smaller. When we look at divided societies abroad, like so many of the dysfunctional oil-rich countries, we diagnose their problem as an infliction of excessive rent seeking — too much of society’s resources go to attempts to grab a larger share of the oil wealth, too little to expanding the economy. What we don’t realize is the extent to which the United States, too, has become a rent-seeking society."


    Read more: http://politi.co/Rwy7yM
    Dec 15 07:56 PM | Likes Like |Link to Comment
  • A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM +0.3%), Ford (F -0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet[View news story]
    Ryandan
    Big been

    I don't worry about you guys. I care about you and I'm really on your side. I just don't trust corporations. They are not "people" and, for the sake of the bottom line, are amoral.
    I think we want the same kind of world for our kids and the next generation. My son graduated with an engineering degree from RPI, spent a year at the Gap (with a lot of other new grads), after several jobs became a plant manager, made me proud by earning a lot more than old Dad, negotiated with company unions (who he felt he could handle without too much trouble), and was just laid off by his new Chinese owners because he wasn't happy with the way "his people" we're being treated. He keeps the details to himself. I'm sure he will have several offers in a month because he his a fine reputation in several industries. But he is out of work (and that is the companies prerogative) not because of his performance, his results or his worth to the company. A case of bad company attitude.
    Enough of this. I don't want to moralize. I'm in shock from the deaths in Newton... Shooting your mother and 18 5 year olds...

    I wish you a healthy, happy, profitable New Year.
    Dec 14 03:37 PM | 1 Like Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    Fredog, I've never said that RTW states had lower median incomes than other states... at this point. What is the income trend in RTW states? Nationally, the loss of union jobs, which surely will occur under RTW, correlates very highly with lower median income over the last 30 years. Lets look at the data over time.

    The median income in Michigan would undoubtedly be much lower if Prez hadn't bailed the auto makers out... agreed?
    Dec 13 11:50 PM | Likes Like |Link to Comment
  • A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM +0.3%), Ford (F -0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet[View news story]
    Bigbenorr, ideally there should be no difference if the power of the employer is matched with the strength of the union. Then an equitable deal can be worked out. If the union gets too strong, then the company can be in trouble. Blair Mountain, West Virginia shows us what can happen when all the power is in the employers hands.

    ...and what do you think about. LNCO?
    Dec 13 11:28 PM | Likes Like |Link to Comment
  • A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM +0.3%), Ford (F -0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet[View news story]
    Bigbenorr, I'm glad you think you've got your employer in awe of you. But should there be someone out there who can an will do your job, the door is over there.... and that's OK. I've worked in some pretty classy research orgs and, except for the Nobel Prize winners, there was always a new star showing up.
    Dec 13 11:19 PM | 1 Like Like |Link to Comment
  • A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM +0.3%), Ford (F -0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet[View news story]
    Dana, I'm generally with you but beware of equating Wikipedia and fact. It easy to update info on the site and there are those who slip in agenda items... kinda like this site.
    Dec 13 11:10 PM | Likes Like |Link to Comment
  • A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM +0.3%), Ford (F -0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet[View news story]
    Flumeride
    The Mafia, like Malcolm X, was a "I'm tired of turning the other cheek" movement. After being kicked around for years, the community turned to "self protection". Yes, it got out of hand, but it was effective.
    The Panthers I saw wore black suits, white shirts, were uniformly polite... and they demanded respect.
    There are bums high up in the union movement who take advantage of their position... Just like corporate execs.
    Lets remember the roots of the unionism are worker protection and the need for "respect". How else will they be heard?
    Dec 13 03:51 PM | 1 Like Like |Link to Comment
COMMENTS STATS
59 Comments
30 Likes