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  • Johnson & Johnson: A Regal Dividend Stock Going Cheap [View article]
    Further to my comment, today (August 11) a JNJ bond due 09/01/20 is priced to yield 2.328%. How does that compare to the yield on JNJ common stock? Why tie up money for nine years for that? What are the alternatives to common stocks?
    Aug 11 09:19 AM | 3 Likes Like |Link to Comment
  • Johnson & Johnson: A Regal Dividend Stock Going Cheap [View article]
    In 2001, JNJ paid a quarterly dividend of $.18. Since then, the dividend has risen to $.57. In today's environment, a ten-year bond of the a company anywhere near the caliber of JNJ will yield far less than JNJ's stock. The bond interest's tax treatment, if held in a retail account, will not be as favorable as that afforded to the JNJ dividend. The interest payment will be fixed and not have the potential to triple over the ten-year maturity.

    Everything is relative. If I could find an FDIC insured CD yielding 8%, as I owned thirty years ago, I would prefer that. However, if we gauge JNJ common stock as an investment, we must compare it to today's alternatives.

    Long: JNJ
    Aug 11 08:40 AM | 3 Likes Like |Link to Comment
  • Johnson & Johnson: A Regal Dividend Stock Going Cheap [View article]
    Jimmy, have you considered the notion that TEVA's business model is the sale of commodity products to dominant retailers and pharmacy benefits managers who buy on price alone. What is their power in negotiating with Wal-Mart, Walgreens, CVS, Costco, Target, Express Scripts and Medco. Baby's mother and baby's grandmother had their hair washed with Johnson's Baby Shampoo. If it isn't on the shelf, Mom shops elsewhere. How do consumers express a preference for Teva products over those of its competitors?
    Aug 11 08:29 AM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    Dig, it's called "economic democracy".
    Aug 11 07:36 AM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    skeptictoo, did you ever work in the business world? In the 1980's and 1990's, I was heavily involved in product sourcing decisions. In every case, it was survival that caused production to be sent off shore. By this century, it was a given.

    Ponder this. Union pension funds control hundreds of billions of dollars. Why don't they buy up some of the closed factories and put the working people of America back to work? They could pay union scale, have union benefits, and union work rules. Would we then have prosperity? Why do these funds hold stocks of corporations that off shore "our" jobs?
    Aug 10 05:30 PM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    What makes you think the political self interest of Obama, Biden, Pelosi, Reid, and the Clintons is more noble than the economic self interest of those executives? Do you really think there are angels who can order society in such a way as to be "fair" to everyone while being devoid of self interest?
    Aug 10 03:08 PM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    Had Germany not been plundered in 1918, it would have arisen as a leading democracy. Hitler would never have been heard of.

    There would have been no difference if the USA had joined the League inasmuch as Germany and Japan withdrew from the League when it condemned their imperialism.

    I don't know what Wilson knew about flaws in the Versailles Treaty. I do know that, as leader of the nation that won WW1, he was in the catbird seat, but was a complete failure insofar as leadership was concerned. He was the equivalent of a corporate shareholder owning 51% of the stock and, even in that position, was unable to have his way if he wanted the "fairness" of his fourteen points. My take is that he sacrificed the promises he made to Germany to gain the support of Clemenceau and Lloyd George for his dream of a world government. That takes us to another parallel with Obama, doesn't it?
    Aug 10 03:03 PM | 1 Like Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    >>>Strange as it may sound, I have enjoyed sharing comments with you. I appreciate the chance to talk about teaching. <<<

    It's not so strange. Life would be quite dull if we had contact only with people of our own thinking.

    >>>Great point about NY's canal system. Thankfully it is still taught in most schools in my area.<<<

    The Erie Canal was taught when I attended NYC public schools.
    However, the history lesson seemed to end when Clinton poured a bucket of Lake Erie water into the New York harbor. Most of what I learned since was from the History Channel.

    >>>If only the folks in Washington would have such dialog.<<<

    Agreed, whole-heartedly!
    Aug 9 01:56 PM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    You present history so selectively as to prove your point using misleading half truths. I happen to be Jewish, so no one can accuse me of justifying Hitler. However, his rise was made possible by the duplicity of Woodrow Wilson. Without American entry into WW1, Germany would have won the war. The Germans knew the US would defeat them. They negotiated what they thought was an honorable peace under Wilson's Fourteen Points. When the Germans laid down their arms, Wilson did nothing to stop the British and French from plundering Germany. That's why the German people turned to Hitler.

    Now we have an extremist President who has done little but to pay out, say, a Trillion Dollars to his special political interests AKA labor unions. I cannot blame the rise of the Tea Party (even though I am a moderate Republican) on anyone but Obama. For every action there is an equal reaction.
    Aug 9 12:57 PM | 1 Like Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    And, of course, the people of The Third Estate were so much better off under Maximillian Robespierre's regime. Did you ever think that he was the archetype for other significant historic figures such as Lenin, Stalin, Hitler, Mao, and Pol Pot? Their pursuit of their political ambition thru class warfare was so much nobler than the pursuit of economic ambition, wasn't it? Gee? Doesn't that sound like Obama?
    Aug 9 12:29 PM | 1 Like Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    Thank you. I have found that a continuing dialog is a good way to find common ground.

    I'll bet you are a good and caring teacher. Most teachers are. It is a system that prevents the best from coming to the fore while mediocrity is enforced. Unfortunately, the same problem existed in industry. That's what brought about the economic demise of your area along the Erie Canal, which was so integral to victories from the Civil War to WWII. It's also why the 21st century will belong to China.
    Aug 8 10:40 PM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    >>>You continue to lump all teachers into the same category. This is the problem I'm having with your posts. <<<

    Hadn't you done that long before by subscribing to a collective bargaining agreement?

    >>>No idea what you are talking about when it comes to earning credit at community colleges. A Masters degree must come from an accredited college or university, not a community college. Not aware of thirty credits beyond a masters.<<<

    The NYC contract allowed an additional increment for teachers who held Masters Degrees if they earned an additional 30 credits. It did not stipulate at what level of institution the credits had to be earned. Community Colleges were acceptable despite any "spirit" of the agreement.

    >>>In my district teachers can accrue 250 sick days.<<<

    You don't think that is absurd?
    Aug 8 10:14 PM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    >>>It seems that there are only a few pro-education posters here.<<<

    All the people here are pro-education. Do you think teacher union power is "pro-education"? Most of us think the power of teacher unions is the most anti-education force in America today.

    www.teachersunionexpos.../
    Aug 8 02:01 PM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    I agree with you. However, we can compete with Asia in our local markets and perhaps for export as well. All the Asian and European car companies have operations here. They are in right-to-work states such as South Carolina.

    Also, it is in labor intensive assemble operations where the difficulty in competing lies.
    Aug 8 10:25 AM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    >>>Buying off the masses seems to me the best strategy. What have you got? Union-busting goons in the age of the IED?<<<

    I think your buy off concept was first articulated by LBJ. What I have is allowing wages to fall to where the market would place them. We do not have to compete dollar-for-dollar with Asia. There are cost and logistical advantages to manufacturing locally. The workers would be better off with manufacturing jobs.

    When I lived in NJ, a Ford plant was closed in my county. The UAW contract set direct costs and indirect costs (work rules) too high for the plant to be viable. What if wages were allowed to fall to where people would continue to work there and work rules were rationalized and no-show union apparatchik jobs were eliminated? The plant could have stayed open paying far better compensation than paid by the BJ's across the street.
    Aug 8 10:08 AM | 1 Like Like |Link to Comment
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