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JAMES CARLINI

JAMES CARLINI
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  • Wall Street Breakfast: Chinese Shares Burst Government Support Dam [View article]
    gggl

    The plant isn't THAT old. Built in the 1990s?? It's not like it's the Packard Plant which is still decaying in Detroit.

    Hopefully someone can re-purpose it for another car company. Otherwise, it joins the Motorola plant/ campus in Harvard, IL as another ghost-town campus.

    When Motorola built the campus in Harvard (a beautiful glass campus facility), they received about $40-$45 MILLION in tax rebates/incentives. When they shut it down, they never gave a cent back to the state. Everyone thought 8,000-10,000 jobs were going to materialize. Instead, nothing.

    The state gave away a LOT of money and got nothing in return - nor asked for any of the tax incentives back. Beware of the "deals" in your state. They could be just as bad.


    Jul 27, 2015. 08:17 AM | 15 Likes Like |Link to Comment
  • Wall Street Breakfast: Chinese Shares Burst Government Support Dam [View article]
    Mitsubishi is closing down in Illinois? That's great. Another company with decent jobs leaving Illinois. The vast majority of the workforce will be left high and dry.

    It's not like they can walk across the street and work at a different car manufacturer.

    I wonder if any other car manufacturer would pick up that plant and use it for their production? They would at least have a pretty decent local workforce and most of their skills would be transferable. Plus, the plant is fairly new.

    If no one picks up the plant, all those skills will rust away. Worse yet, the local economy will grind to a halt.

    Hopefully, the people in charge of economic development in Illinois are looking for a company to fill the void, but don't hold your breath. Many in those positions are patronage jobs where the people in them have no clue as to job creation or job preservation - except for themselves.
    Jul 27, 2015. 07:25 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Chinese Shares Burst Government Support Dam [View article]
    Job security??? There is no such thing.

    Unions who want "job security" don't realize that the only job security you have are the skills you possess. That's it.

    If your skills become obsolete, why should you have job security? It "sounds good" but job security is not real. If you ran a company, guaranteeing jobs in a changing environment could only be accomplished if you invested a lot of money to keep your workforce abreast of new trends and skills.

    Most companies have slashed any type of investment program in their workforce.

    Tuition reimbursement - which was a good way to keep people into new skills - is a thing of the past at many companies. It is reflected in the lack of enrollment at many universities where working professionals used to go for further education.

    A lot of higher education institutions are hurting from this as well. Continuing education in this global marketplace is critical. No company should say they are following any "quality methodology" if they have cut out tuition reimbursement.

    Continuing education (keeping the workforce current) is a critical, basic step in any of the quality methodologies from TQM to Six Sigma.
    Jul 27, 2015. 07:11 AM | 21 Likes Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    BlueOkie

    Come on, most of the Low-information voters don't even know what we gave up in the Iran Deal!!!

    With ALL that they(Iran) got, we should have gotten back our four captives from them.

    Kerry is no Monte Hall.
    Jul 24, 2015. 08:40 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    DCV

    Jon Corzine has dumped all his US holdings by now and bought Gold and an obscure Greek Island to hide himself and his money.

    You'll never catch him. But wait til Trump gets in and puts in Trey Gowdy as Attorney General. Then you'll see Gowdy send out Navy Seal Team Six to hunt him down.
    Jul 24, 2015. 08:37 AM | 15 Likes Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    AndrewBaker
    If you are going to buy gold. Buy Gold - not the paper certificates.

    Buy the metal. And as William Devane says keep it in your hands, not at some company depository.
    Jul 24, 2015. 08:27 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    fidel

    The BIG drop in oil means you can buy that used Cadillac Escalade or QX56 that you always wanted and forget about buying one of those small EVs.

    I told a friend of mine about how cheap they (the used EVs) got and he is actually thinking about buying a Nissan Leaf. They are actually a steal at that price. (Wow, I am sure some people had heart attacks after reading my endorsement).
    Jul 24, 2015. 08:21 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    GJ -
    I didn't lose any money (or make any money) on the "Greek crisis". What I don't like is when things get amplified to a point where some "experts" are predicting "the sky is falling" and the crisis never materializes.

    When something IS huge, the "experts" have no clue that it is happening.

    Great example, Larry Kudlow on CNBC when the whole economy was starting to crash from the sub-prime market (around 2007) and people started defaulting on mortgages.

    He said, "Don't worry about it. It's only the sub-prime market and 98% of the people are still paying their mortgages every month. No big deal" He was SO wrong on that one that since then, I do not listen to whatever he is talking about.

    The "experts" missed the mortgage bond/derivatives trades and many people - through no fault of their own suffered (some to a point of being caught in the vortex and losing their houses).

    I am sure you, with your background, have read some of Michael Lewis' books (The Big Short and Boomerang). If you haven't, read the Big Short. A very interesting read.
    Jul 24, 2015. 07:50 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    Hopefully you bought some stock in T. Adding DirecTV should give AT&T some growth and new subscriber base.
    Jul 24, 2015. 06:52 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Anthem To Buy Cigna For $54.2B [View article]
    "It could have been worse" in Greece? After all the drama and pushing back drop-dead dates, I don't think many thought much about it.

    Where was the surge in Gold??? Evidently, no one thought it was critical enough to run to Gold as a safety net. In fact, Gold dropped a little.

    The stock market didn't tank - nor did it surge when the solution for Greece finally came about.

    If there was so much uncertainty in the Greek crisis - it certainly wasn't reflected in market surges or Gold prices. Add on the Chinese stock market drop and again, Gold dropped a little contrary to all the "potential uncertainty" for that.

    Maybe too many are crying Wolf when there is nothing there.
    Jul 24, 2015. 06:49 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Winds Down - Parliament Passes Reforms [View article]
    Crademan -
    You don't get it.

    All the MILLIONS, if not BILLIONS of dollars, spent on developing educational objectives and you link us to some "standards" that were put together by highly-paid "subject matter experts" and curriculum "experts" who don't have a clue about what is necessary in today's work environment.

    They need to realize their "standards" aren't working and they need to augment what they have to ready students for the real world. THEY need to go back to the drawing board - or quit.

    Instead of sarcastically inviting everyone to "revise them to meet your personal standards" realize we paid good money for those standards to reflect what is needed today, not some whimsical goals and objectives that do not correlate with being competitive in a global market.

    As I stated a long time ago in an article on higher education: the old adage of "Those who can, do. Those who can't. Teach." must be replaced with "Those who can - must teach" because they understand what is necessary to compete in today's global economy.
    Jul 23, 2015. 11:35 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Winds Down - Parliament Passes Reforms [View article]
    relishman -

    you said - ".......so how does a recent graduate pay off the mountain of student debt in the US by studying for a job that is either no longer here or may be outsourced to foreign workers here or overseas?"

    Simple answer : They can't. And that is what we are seeing right now.

    Someone graduates with a degree that should have landed them a decent-paying job, but now that job is filled by a non-citizen. No one is really addressing this, but it is a REAL problem and it will continue to be a problem and stagnate the economy as time goes on.

    The whole cycle of jobs, buying houses, cars, etc. is being upset. If you don't have people making enough money to buy their first house, the people trying to sell their first house and move into a bigger house are going to be frozen into what they have. Go further, and the retirees who want to sell their house and move to Florida (or whatever) are going to find they can't get a buyer - or at least a buyer who is going to give them a decent price for their house.

    The reason there is a jump in Millennials using bicycles is very simple- they can't afford car payments. More are staying in their parents' houses and are not moving into a condo or townhouse - same reason, they can't afford the payments.

    Jul 23, 2015. 10:16 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Winds Down - Parliament Passes Reforms [View article]
    JackieCa$H

    Absolutely right. Smartphones and the apps that are available will change the whole transaction.

    The icon on the McDonalds's cash register (for the Cashier) will be on your Smartphone instead and all you do is push the icon (hamburger, fries, whatever) and your order is placed and then fulfilled at the counter. Cash will be taken out of the mobile wallet app on your phone.

    Do you really need someone getting paid $15 an hour to hand the order from the production line to the counter? I don't think so.
    Jul 23, 2015. 10:08 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Winds Down - Parliament Passes Reforms [View article]
    crademan-

    Let's not forget the teachers who taught these people. Don't blame "genetics and poverty" when the whole public education system is an anachronism going back to the Industrial Age when the need for factory workers outstripped the need for an agrarian society.

    It's nice to blame someone else or "genetics". Let's look at what was and is taught in public schools. The skill sets needed for factory jobs are the Three Rs - Rote, Repetition and Routine.

    You point out anyone can learn something if it is repetitive. The problem is, we're beyond the Three Rs in most companies because those types of jobs have already been automated (or shipped out overseas)

    The new way of education is to teach FACT-based skills - Flexibility, Adaptability, Creativity, and Technology skills. Those are the skill sets needed to compete for today's and tomorrow's jobs.

    Many schools - and teachers - fall short of this objective.
    (look at the products coming out of public schools)
    Jul 23, 2015. 10:01 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Greek Crisis Winds Down - Parliament Passes Reforms [View article]
    relishman -
    It's much more than NAFTA and China. There has been a huge increase in bringing in cheap, foreign labor to fill several high-paying, middle-class job sectors like IT, software engineering, and other engineering and analyst jobs.

    These were supposed to be the "middle-class" jobs of the Information age but many companies sought to replace US citizens with non-citizens who would work for less benefits/wages. The economy has tanked partly because of that and will not get back on track as there is a lot of talent sitting on the sidelines.

    Funny how many unions as well as politicians do not recognize this fact, nor do they try to do anything to correct it.

    Some say we need to get more students into STEM-related fields (Science, Technology, Engineering, and Math) but once they go into debt for the degree, they graduate only to find out they are competing with many non-citizens who will work for less money.

    They take up valuable entry-level slots that graduates should be moving into. End result, the graduate has a burden of debt and can only find a minimum-wage job to try to pay it off.

    Jul 23, 2015. 09:22 AM | 13 Likes Like |Link to Comment
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