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rayfrechette

rayfrechette
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  • Fast-food chains react to minimum wage increase in California [View news story]
    Put tthe figure you want on it folks, it is still minimum wage and within a short period of time an hour of labor will buy the same amount of goods then as it does now. The only gift here is to those mortgaged to their eyeballs as their fixed amount owed will be paid back with cheaper dollars. This is why governments think raising minimum wage is great. Think of the savings bonds bought in past when minimum wage was much less and what you could have bought with the dollars you invested and what you will be able to buy when you cash those in. That is true effect of raising the minimum wage---- those of us who are frugal and save get the short end of the deal.
    Jul 1 08:53 PM | 1 Like Like |Link to Comment
  • Wells Fargo aims to boost credit card business [View news story]
    While they are not looking for "small" clients like me, I do not spend 100K annually on my cards, they should look at what JPM does and offers their clients. I have seen nothing from WFC credit cards that is of interest even though I have decent checking and investment accounts with WFC.
    May 6 04:33 PM | Likes Like |Link to Comment
  • How Warren Buffett Failed Coca-Cola Shareholders... And Himself [View article]
    Many investors, including me, fail to vote on these matters because our vote is meaningless. Don't vote for a director? who cares! with the shares directors own, with non voting stock voted director's way, and any options they have voted their way, what do directors care about stock holders? vote against compensation plan, who cares? Our vote is only advisory and means nothing to these people! The only vote we have as stockholders is to vote with our feet and if we feel management is not doing right by stockholders, sell and move on.
    Apr 28 02:38 PM | Likes Like |Link to Comment
  • GE may be next activist target, Gasparino says [View news story]
    I can't see anything wrong with Jack Welch's management style; both, stock price and dividend were quite attractive under his tenure. Why do we own these companies if not to see their values go up? GE was in the upper 50's/share under Mr. Welch and the dividend was as much then as now with the stock price increasing. I have never felt that Mr. Immelt did much for GE and sold it years ago. I now own it again, and feel it is growing in spite of Immelt.
    Mar 18 06:47 AM | Likes Like |Link to Comment
  • Incentives don't kick in for Coca-Cola [View news story]
    How many of you who own stock in any company would vote to pay such a salary if our vote were mandatory and not a suggestion to directors? Also, how many of you wish we had a choice of more candidates to vote in as directors than the positions open?
    Mar 12 03:06 PM | 3 Likes Like |Link to Comment
  • CEO Jeffrey Immelt Invests His Raise Back Into General Electric, And Buffett Agrees [View article]
    Immelt has done quite a job on GE since he took over; at the time he took over the stock was selling in the mid to upper $50 a share. With him at the lead very few stockholders have had to pay a capital gains tax on selling. I just hope he stays at GE and does not migrate to other companies I am invested in. Personally the capital gains tax is one I do not mind paying. The man should have been fired a long time ago. If stockholders had a real or any say in the composition of the board of directors he would have been gone as well as the sitting directors. It is high time that stockholders have a choice for who is elected to direct these companies. As it is now the only vote I exercise is to walk when a company does not produce.
    Mar 10 03:45 PM | Likes Like |Link to Comment
  • U.S. minimum wage battle starts to heat up [View news story]
    Who, with any intelligence, thinks this will make any difference except for the people who are heavily mortgaged and will pay back their loans with cheaper dollars. All this will do is create more inflation and minimum wage will still buy minimum goods. Think, an hour of work will always buy only an hour's worth of goods; there is just so much area in a pie (the economy) and you can cut 200 pieces out of it, instead of 100, but it will take two to do the work that 1 used to do. You are still working with the same economy and minimum wage will always be the same percentage of the economy.
    Feb 27 01:39 PM | Likes Like |Link to Comment
  • Dimon pay boosted to $20M in 2013 [View news story]
    These CEO's and the directors definitely do not have the shareholders in mind. They only want to increase their greedy takes from the companies. Wish we shareholders (owners) of companies had real rights to kick them out and cut these outrageous salaries. Shareholder votes on pay should be the final word on pay and we shuld have choice of more candidates than positions.
    Jan 24 05:32 PM | 1 Like Like |Link to Comment
  • Low wages at fast-food chains in focus [View news story]
    Is Wall Street really making that much more or is it the foreign companies that through "free trade" agreements that shipped those jobs, their wages, and their profits to foreign lands reaped the rewards that past administrations passed? How many of our automobiles are now made in Mexico vs Detroit? Does any of your clothing or appliances have a "MADE IN USA" label? Our leaders in Washington are shipping our jobs overseas faster than we can produce them! Also, is the profit generated by foreign owned companies such as Toyota, Nissan etc in USA reinvested in USA or are they shipped back home?
    Oct 18 05:51 PM | Likes Like |Link to Comment
  • Low wages at fast-food chains in focus [View news story]
    Inflation is what robs those of us who were prudent enough to save some of our income. The dollar I saved 5, 10, 20 etc years ago is worth a lot less than it was then. This is a cruel way to rob the elderlies of what they struggleed to put aside for their retirement. This is also how government robs us of our due.
    Oct 18 05:44 PM | Likes Like |Link to Comment
  • Low wages at fast-food chains in focus [View news story]
    This sounds great until you realize (learn) that many contracts are written where labor (pay) rates are set at a multitude of minimum wage thus those would immediately go up (fueling inflation), and shortly thereafter the rest of working group would want more in way of wages, and then investors would demand a larger return on their investment so again minimum wage earners would be in same predicament. The simple fact that many forget is that wages, or returns on investment, be this hours spent laboring or money invested is based on percentage of total return. There has always been and will always be only 100 pieces in the total return pie and minimum wage earners will always get minimum percentage amount. The only way to get more in way of wages is to produce more, or have a job requiring more skills and attention. Anything else is just a fantasy.
    Oct 18 05:41 PM | Likes Like |Link to Comment
  • Low wages at fast-food chains in focus [View news story]
    Minimum wage will always be just that, MINIMUM and will never support a family. These jobs are for part time supplemental income. Don't blame the companies for providing supplemental jobs, blame those who take them thinking they provide a living wage. Bring up the minimum wage and you bring up all wages and PRICES so we are just handling bigger numbers on our cash, but not really getting any more. At same time you rob those who have been frugal and put money in bank by taking away saving's value. This is how government is constantly robbing us of our assets with inflation. Think of the future vlaue of any money you save today in the future.
    Oct 18 09:33 AM | 11 Likes Like |Link to Comment
  • Minimum wage debate picks up steam [View news story]
    The only thing raising the minimum wage will do is to fuel inflation. Be it $1.00/hr or $100.00/hr the resulting wage is the same and remains the minimum wage capable of buying minimum amount of goods. Nothing is accomplished except to wipe out the value of any money set aside as savings. This is how politicians rape us.
    Aug 5 07:23 AM | 3 Likes Like |Link to Comment
  • Private label brand breakthrough: A survey released by Deloitte on brand loyalty could rattle the food and grocery sectors as a whopping 94% of consumers indicate they will stick with private-label or store brands instead of reverting back to costlier options. Industry insiders think even if the economy comes roaring back, a paradigm shift  of consumer attitudes toward food purchases may already be entrenched. The trend could favor Treehouse Foods (THS), Safeway (SWY), Kroger (KR), Costco (COST), Whole Foods Market (WFM) - while creating a headache for Kellogg (K), Post Holdings (POST), Campbell Soup (CPB), Kraft Foods (KRFT), and General Mills (GIS). [View news story]
    The national or name brands have accomplished their lead by having a superior product and people will return to them after a while. In tough times we dig in and do without or by cheaper, but when good times return the desire to treat ourselves to better for so few pennies extra that the name brands represent will not stop us from reverting to our favorites. Kellog et al will not put the same flakes in a private label that they will in their own branded containers.
    Apr 16 05:01 PM | 2 Likes Like |Link to Comment
  • The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. [View news story]
    Have we got some fantastic politicians, or what?
    Apr 15 09:30 PM | 1 Like Like |Link to Comment
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