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RSI Raistlin

RSI Raistlin
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  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    Perhaps.....although I find it hard to believe a business in the absence of collective bargaining would only be paying me very low double digits less in dollars, which are what the dues are. When I look at the big non union companies in my field paying guys low double digits IN PERCENTAGE less.
    Apr 3, 2013. 08:27 AM | Likes Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    Spoken by a individual that never has been in a union and only knows them by what he hears. Union members don't vote with the leadership near as much as you think, they have their own interests in mind. People who have no idea have this odd belief that a guy who happens to be in a union spends every day eating, drinking and breathing politics.

    I, sir, spend my days working, like actual working, not behind a desk at a computer and care little for politics much of the time
    Apr 2, 2013. 11:05 PM | 1 Like Like |Link to Comment
  • S&P 500 (SPY) futures +0.4% and Nasdaq 100 (QQQ) futures +0.6% as Europe puts in a sizable rally on its first day back from a 4-day weekend. Stoxx 50 (FEZ) +1.2%. Apple -0.15% premarket following the Goldman capitulation[View news story]
    lol Cramer just pumped record unemployment's not so bad because it wasn't worse???? Is this bizzaro-world?
    Apr 2, 2013. 09:34 AM | Likes Like |Link to Comment
  • In a blow to municipal bondholders, a judge rules Stockton, CA eligible for bankruptcy protection. The ruling let's stay the city's decision to keep pensions intact while imposing losses on those holding the town's paper. Jefferson County, AL and San Bernardino, CA - along with other municipalities - are watching closely. Bond insurer Assured Guaranty (AGO) slides 3.3%[View news story]
    Great points all around David. For once its good to see someone recognize the faults of all parties and not lay it on the laps on one group or another. It is a horrible situation for all involved citizens will likely have multi-year maximum tax hikes, bond-holders lose quite a bit of their investment and the juicy dividend they were being paid, and employees will see contribution hikes health care increase layoffs etc. Funny thing how those politicians simply MAY not get reelected, no real pain for their gross mismanagement
    Apr 1, 2013. 09:20 PM | 1 Like Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    I can't agree there because public service also includes our military who if someone joined at say 18 after September 11th (a very common theme) would already have 12 years under their belts and well on their way to a pension retiring from the military at 38. This would also include possibly (saying a deployment every 2nd or 3rd year which is common) say 8 years of actual trigger time in an actual warzone. Most come home different even if they are not diagnosed with anything. Do they not deserve to receive a dime until 65? I 100% say yes give em a pension for 50 years in my opinion they deserve it. Difficult to compare that to firefighting but I would also say its difficult to compare firefighting to some cubical job someone worked at for 30 years also.

    Just my opinion but at least we can communicate without throwing insults.

    To all my debators....good conversation but I'm off to sleep gotta get up early for work. Happy Easter
    Mar 31, 2013. 08:57 PM | 1 Like Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    Interesting comments david especially about volunteer fire departments. Never really thought about it in that way though I do have quite a few friends that are currently union firemen from my military days and generally they aren't like grunt union thugs that they are sometimes portrayed. They are veterans that continued on in public service, can't fault guys for that. Perhaps fire union leadership is that way but I'll never fault a Marine who becomes a fireman
    Mar 31, 2013. 08:31 PM | 1 Like Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    You know as well as I do that I don't advocate shooting anyone. Coercion may have been the wrong word to use. I was simply saying there is pressure available when you have negotiating leverage. That leverage is skilled labor.

    On a spreadsheet you can determine efficiencies that don't exist in actual real life. Is working to receive your credentials in say plumbing efficient? Not necessarily because you have to ensure that you spend time learning every single type of system on the off chance that you happen to run into said system someday. Some systems that I may never come across in my life, was it a waste of time? Perhaps but it certainly was inefficient.

    The leverage is I have a skill that I offer for a price that you can pay less to have the job done but won't necessarily have the same skill level. Will you be willing to pay more to ensure the job is done right up to code the first time? My experience is that the average homeowner does. Yes you can argue that "up to code" is a form of govt coercion. In a way it is but it is the interest of the general public to have codes. I'm sure any member of The Station nightclub in West Warwick RI in 2003 wished govt codes had been enforced properly, that is what happens sometimes when "gov't coercion" is not put into effect.

    I find alot of what you say very interesting and I thank you for that although it appears to be alot of "book work" so to speak, alot of theory. A perfect system will not have any theft in a transaction but this is not a perfect world and there is always some slippage to expect less is to not be realistic.
    Mar 31, 2013. 07:47 PM | 2 Likes Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    we definitely agree quite a bit there jhooper. Although I would argue that the mass negotiating body via unions in your example would provide still a slight coercive negotiating advantage.

    In the same way buying or selling a larger amount of any product (whether labor itself or nails) would give you a slight advantage.
    Mar 31, 2013. 06:24 PM | Likes Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    I meant of course the plumbing, electrical, pipefitters, and construction trade locals of course when I mention regulated skill training, don't know too much about public sector unions but I'd imagine there's some sort of regulated firefighter, and police training, although I'm not sure.
    Mar 31, 2013. 04:48 PM | 1 Like Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    Not here to argue with you on Easter I'm a blue collar guy (with a financial degree) that maybe has a viewpoint you white collar guys don't have, simple as that.

    "protections allowing a fair wage to the worker?"

    Translation - fewer employees and higher unemployment.
    An indirect result caused by business interests not by union desires as you implied above. I suppose we would be at full employment right now if everyone made $20 a day.....
    Mar 31, 2013. 11:31 AM | 3 Likes Like |Link to Comment
  • An IMF technical delegation will arrive in Egypt Wednesday to discuss a $4.8B loan. Political and economic crises have hurt tourism and drained foreign currency reserves, with the latter affecting the government's ability to import wheat and fuel. Egyptian pound forwards hit their lowest levels on record in March and the M2 money supply rose 15.4% for the year ended February. [View news story]
    I love it the IMF (aka us) will be bailing out the Muslim Brotherhood, who in turn likely sponsors anti-american organizations. The tangled webs we weave.
    Mar 31, 2013. 11:22 AM | 2 Likes Like |Link to Comment
  • Business and union leaders have reached an agreement on pay levels for a guest worker program for low-skilled temporary jobs, thereby clearing the way for a bipartisan group of senators to introduce legislation that would allow 11M illegal immigrants to eventually gain citizenship. "This issue has always been the deal breaker on immigration reform, but not this time," said Senator Charles Schumer. [View news story]
    Barriers to entry like quality controls and regulated skill training as well as protections allowing a fair wage to the worker? Careful your rhetoric is showing, this seems a good example of business and union leaders actually agreeing on something....I applaud them for that

    Your logic is backwards as in my mind union leaders would prefer as many illegals on the roles as possible as it wouldn't hurt current members due to seniority and at the same time ballooning union coffers with dues.
    Mar 31, 2013. 11:08 AM | 2 Likes Like |Link to Comment
  • More commentary on Cliffs Natural Resources (CLF -13.3%) comes from Cowen's Anthony Rizzuto after meeting with CEO Joe Carrabba yesterday. Cowen thinks CLF is taking a "somewhat aggressive stance" on supply in the industry; CLF says moves by global iron ore producers away from greenfield investment could lead to a supply crunch over the medium term. (earlier: I, II[View news story]
    Did Carrabba come out from under his desk for the interview or was it during "nap time" ala George Costanza?
    Mar 27, 2013. 11:09 AM | 1 Like Like |Link to Comment
  • Cliffs Natural Resources: Support Reached [View article]
    My personal view is without a correction CLF can't bottom. If this is the beginning of a true correction....it could be if it runs into April so if we see the market go to 1475/1480 on the S&Ps in the first few weeks of April CLFs could be roughly mid 16s.

    Can't step in front of this train though my friend, definition of falling knife. Good luck.

    I obviously don't know for sure although I do believe in the company (to the point that its American) but the board is the absolute worst out there. So while normally you'd think the worst is priced in there's always something else with these guys.

    New item: They sold a portion of their stock in Zenyetta. Why? I don't know but I can guess....they need cash
    Mar 27, 2013. 10:31 AM | 1 Like Like |Link to Comment
  • Positioning For A Pullback [View article]
    My shopping list on any pullback is CRZO, ORCL, CAT, DFS...currently 100% in cash with occasional SPY/DIA puts
    Mar 25, 2013. 05:53 PM | Likes Like |Link to Comment
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