‘scared to death’
i sure dont recall anyone being scared to death when prices fell from peak 1989... today, perhaps its the politicians who are afraid who staked their career on it.. and lost.
there are still people out there who denied that housing bubbles exist as they still hope for a recovery.... they can later continue to claim as they claim today..it was a mortgage crisis not a pricing bubble.
Isn't it time we stopped letting people do the Left/Right blame game when we all know the game is rigged for those with the money to rig it
my answer to you is NO!
They are right to be afraid and angry because the 0.1% has shipped off all their jobs to China and is systematically trying to undermine Social Security, Medicare, etc too. So they are slowly but surely being impoverished by the 0.1%.
But then they are convinced by Fox News and AM radio to blame themselves. Or to blame Mexicans, even though they wouldn't do the jobs Mexicans do. Or to blame "liberals", or blacks
Blame Liberals it is!
Lawmakers Want ‘Made in China’ U.S. Olympic Uniforms Burned
Lawmakers were outraged Thursday after an ABC World News report revealed that the U.S. Olympic team’s opening ceremony outfits are made in China. Some suggested making a bonfire with the outfits, which include berets and blazers.
“I think they should take all the uniforms, put them in a big pile and burn them and start all over again,” Senate Majority Leader Harry Reid, D-Nev., said when asked by ABC News today, “If they have to wear nothing but a symbol that says USA on it, painted by hand, that is what they should wear.”
so who made the Uniforms.... Ralph Lauren a Democrat... ever dawn on anyone what they were doing ?
olitical Campaign Contributions by Ralph Lauren (1999 to Present) - $30,100
DEMOCRAT: 100.00% REPUBLICAN: 0.00%
Contributed To Party $ Amt Date
DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE Democrat 5,000 06/25/2009
OBAMA VICTORY FUND Democrat 2,300 10/24/2008
OBAMA VICTORY FUND Democrat 2,300 10/24/2008
DRISCOLL FOR CONRGRESS Democrat 2,000 10/06/2004
JOHN KERRY FOR PRESIDENT INC Democrat 1,000 07/29/2004
JOHN KERRY FOR PRESIDENT INC Democrat 1,000 07/29/2004
A LOT OF PEOPLE SUPPORTING TOM DASCHLE INC Democrat 1,000 03/25/2004
FRIENDS OF SCHUMER Democrat 500 12/04/2003
FRIENDS OF SCHUMER Democrat 2,000 12/04/2003
JOHN KERRY FOR PRESIDENT INC. Democrat 2,000 06/03/2003
KERRY COMMITTEE Democrat 1,000 11/04/2002
NEW YORK SENATE 2000 Democrat 10,000 09/28/1999
I have provided the only important point, and it's driven by Richie Rich.
Typical liberals .. afraid of having US manufacture anything.
Keep US workers on food stamps and a DOG collar... all the while enriching foreigner workers and foreign governments. Just spread the US wealth around the globe!
maybe they can impose a new tax law on the rich.. calling it...
Alternative Minimum Tax.. you think it will catch on ?
Not a surprise. Apple under Steve Jobs was always driven by putting out products that lived up to Jobs's vision. If that meant having suppliers that expose workers to toxic chemicals or forces mandatory 100 hour weeks, Apple doesn't care as long as those suppliers can meet Jobs's demanding deadlines and specs
Apple doesnt make anything.. never did. Its the Motorola, Intel, Seagate, Connors, AMD, Sandisk, Cypress and a number of other real tech companies that created the guts for Mac and iToys like chips, storage, and some software.
Yes, it takes toxic chemicals and labor (day/night/swing sifts). So what! Thats what makes technology work..thats what made Silicon Valley, provided growth and prosperity
Billions that could have been made fueling US jobs..
Today, its mainly Samsung inside Apple products. And they are all too happy to get the business which fuels Korean and Chinese jobs.. You wont find anyone in Korea, China, or Japan complaining.
Bzzt wrong. We have a problem with this "Free Trade" nonsense, where we lower our tariffs and trade barriers and nobody else does. China for example makes it very hard to American companies to compete. They aren't stupid. Our people were gullible because the money men said it would make them richer.... and it does have a pumping effect in the SHORT term.
No, its not wrong...I gave one of the problems we have .. you have provided a second equally important point caused by foreign govt...
BOTH of our points are correct and need to be resolved !
You're going to vote to abolish the EPA in November so what the hell do you care?
We dont have mfg like Laptops, PC, Telecom Equipment, and many other industrial jobs because of EPA and Unions.
FDRs New Deal has noting to do with this.. its all about Liberals blocking bread and butter jobs from existing in the US. Even the Mega Liberal Steve Jobs had finally realized all this. Other tech leaders have been saying this for 20 years.. but have been ignored.
Steve Jobs Biography Reveals He Told Obama, 'You're Headed For A One-Term Presidency'
Jobs' Meeting With Obama
Jobs, who was known for his prickly, stubborn personality, almost missed meeting President Obama in the fall of 2010 because he insisted that the president personally ask him for a meeting. Though his wife told him that Obama "was really psyched to meet with you," Jobs insisted on the personal invitation, and the standoff lasted for five days. When he finally relented and they met at the Westin San Francisco Airport, Jobs was characteristically blunt. He seemed to have transformed from a liberal into a conservative.
"You're headed for a one-term presidency," he told Obama at the start of their meeting, insisting that the administration needed to be more business-friendly.
As an example, Jobs described the ease with which companies can build factories in China compared to the United States, where "regulations and unnecessary costs" make it difficult for them.
Jobs also criticized America's education system, saying it was "crippled by union work rules," noted Isaacson. "Until the teachers' unions were broken, there was almost no hope for education reform." Jobs proposed allowing principals to hire and fire teachers based on merit, that schools stay open until 6 p.m. and that they be open 11 months a year.
Not all planets have moons, but all the worlds moons orbit are by definitions planets, correct?
Who ever said Exact Science was actually Exact ?
I think shareholders need to pressure companies to see if they can find any talent at $X million instead of $XX or XXX million.
Ditto, i would make it half $XM of that in fixed salary with the other half variable.
Even if that were so, it simply indicates that they do not feel welcome in today's racist GOP. They run to the Dems, at least partly due to the demonizing the GOP does to them.
Mexicans and Guatemalans find more in common than they do with a party that favors discrimination based on hue.
LOL! East Bay Radicals have alot to offer the rest of the nation... maybe the rest of California and other states will also adopt all the great things that made Oakland the success story it has become today. Immigrants fleeing persecution will find much confront in east bay Oakland. Heaven forbid any immigrant moves elsewhere to find peace and become productive citizens.. like Santa Clara County...
50 years of wonderful progressive diversity state funded programs have made Oakland the Pearl of the Pacific envy of all... GOOD LUCK !!!
Well.. API wasn't started until 1999.
Pre-API pretty much everybody assumed their school district was above-average since there was no exact ranking system
did we produce idiots before 1999 ? back in the 70s 80s 90s... so API is rather worthless... we certainly didnt need the GIN!
anyway.. i think BACAH has a better explanation on API
The "API-ism" is outsourcing parenting responsibilities to a standardized test score that was intended for the state to identify where to focus and shift its resources. It (API) was never intended for Realtor®s and Quants to Gin Up people on where to over pay for housing nor for Tiger Mom to Keep Her Face in the Pecking Order of her Social Circle. It was never intended for those things; but inside the minds of certain groups, that's what the API has become.
Welcome to what has become of SIlicon Valley."
Jun 14, 2012 2:22 PM in Cupertino Shmoopertino
been around for along long long time.. on all platforms..
I remember some guy back in early 90s showing a Apples hypercard version
Should potential homebuyers spend several decades waiting for those numbers to "make sense"? I spent over 12 years saving and I am every bit up there on agreeing that the cost of real estate is ridiculous in the Bay Area.
They should understand the risks they are taking.. else wait. Certainly thinking that prices ALWAYS go up and never down they committed financial suicide ...
But even today, we are still ignoring that prices go down, with all this talk of RECOVERY, as if prices will swing up like a bubble.
I had an experience where I had to throw one of our engineers out of a meeting because he wouldn't stop trying to argue revenue recognition rules with our accounting team. Another where one of our top engineers-turned-manager decided he could stop following SOX rules simply because he'd deduced they were "wrong".
yes.. they are a fun group when it comes to RevRec.. its just comedy !
Its better they dont interface with customers.. and make no promises to future products or updates .... "Only when and if available" should be the only thing they should be allowed to say.
The most extreme case im aware of ... was when an engineer ordered, approved without management knowing a ton of equipment to create their own Engineering Lab at their house.. Yes, he build a R&D LAB in his home using company funds.
Are you saying companies aren't still paying the increased premiums?
Very expensive for the small guy!
Are you saying companies aren't still paying the increased premiums? Companies generally cannot indemnify against fraud, crimes, etc., but most everything else they can and do.
Oh course they have to pay! but what we are talking about is the risks for the individual CEO has gone up... They really are on the hook for every little guy down the line.. little guy screws up.. its the CEOs head.
If you understood the risks and interviewing for the CEO spot, your compensation will match that risk.
I would also agree that CEO pay is too high, even in places like SV.
Why ? we stopped promoting from within (like Warren Buffet would do) and start to seek managers from outside of tech to run SV companies or some dreadful idiots. More recent example at HP hiring a German from SAP or under-qualified Yahoo CEO (just an accountant) who inflated his resume. We certainly dont see leaders who have a passion in building an enterprise for the long term.. just a quick ticket to retirement.
You can certainly blame inflated salary is due to regulation and pure stupidity.
If you have a question why Apple CEO is paid so much.. ask Al Gore.. he sits on the Apple board. Heck wasnt he the one who promoted CEOs salary being non-deductible expense for tax when he was VP.
Maybe the real problem is people like Warren Buffett paying a lower tax rate than his secretary?
Capital gains.. you have to sell ownership to get taxed... we are also including equipment, buildings and other assets. Lower taxes, spurn reinvestment in new purchases be it equipment, building and other assets. As such new purchases require new inventory to be created which require labor and materials. Which creates new jobs which creates taxable income.
Income - those are simple (net) earnings after expenses from individuals and corporations, taxable when earned.
There is a fundamental difference between the two.
Perhaps we have forgotten basic macroeconomics.
I think this article sums it up... Texas vs California..
Reminds me of Massachusetts vs. New Hampshire. NH's state legislature is PART TIME! It's constitution prevents the creation of the career-layabout-hack state politician. It's more efficient, and reduces much of the corruption that we find here on Beacon Hill, Boston... Same as Texas....
The Beacon Hill gang moved to California.. no wonder even NJ voted in a Republican.. all the NJ Dems-Libs moved to CA over the past 10 years.
so dont be too shocked by what you see in CA, only 1/3 are natives.
@ thomas.wong1986 - In fairness, as part of their SOP and benefits package to directors/officers, these companies carry D&O liability insurance and generally indemnify their D&O's to the maximum extent they can.
nope.. it doesnt cover everything nor can CEO escape prosecution and frankly D&O has skyrocketed.
I think it's because deep down, behind all the righteous indignation you guys KNOW that these policies are actually worthless, based on personal greed, that they sound nice on a personal level but have no place in a broader society, and are disasterous, as has been shown again by CO Springs.
Your living in a dreamland, cities have run out of money
Mayor cuts city workers’ pay to $7.25 per hour
A fiscal and political crisis in the nearly-broke northeastern Pennsylvania city of Scranton deepened Tuesday as public employee unions sought to have the mayor held in contempt of court after he defied a judge and slashed workers’ pay to minimum wage.
Unions representing firefighters, police and public-works employees also filed a pair of federal lawsuits against Mayor Chris Doherty and the city that alleged violations of labor law and due-process rights.
Doherty last week ignored a court order and cut the pay of about 400 city workers to the federal minimum wage of $7.25 per hour. The Democratic mayor said it was all the cash-strapped city of more than 76,000 could afford, promising to restore full pay once finances are stabilized.
“It’s incredible,” the unions’ attorney, Thomas Jennings, said Tuesday. “I’ve never had a public official just say, ‘I’m not going to obey a court order. I’m not even going to try. He can’t tell me what to do.’”
Doherty is locked in a dispute with Scranton’s city council over a financial recovery plan as it faces a $16.8 million budget deficit. The mayor didn’t return a phone message from The Associated Press on Tuesday, but he told the Times-Tribune of Scranton on Monday that his administration and the council remained at stalemate over the $85 million budget.
“If I had the money, I’d pay them,” Doherty said of city workers.
a more recent well publized item...regarding Steve Jobs at Apple.
In 2001, Jobs was granted stock options in the amount of 7.5 million shares of Apple with an exercise price of $18.30. It was alleged that the options had been backdated, and that the exercise price should have been $21.10. It was further alleged that Jobs had thereby incurred taxable income of $20,000,000 that he did not report, and that Apple overstated its earnings by that same amount.
As a result, Jobs potentially faced a number of criminal charges and civil penalties. The case was the subject of active criminal and civil government investigations, though an independent internal Apple investigation completed on December 29, 2006, found that Jobs was unaware of these issues and that the options granted to him were returned without being exercised in 2003.
On July 1, 2008, a $7-billion class action suit was filed against several members of the Apple Board of Directors for revenue lost due to the alleged securities fraud.
The high marginal tax rates were a good part of the reason that executives got paid 30 times the average workers salary in the 50's vs 500 today. Do CEO's really add almost 20 times the value to stockholders over the 1950's? Not.
Today, they have become liable for the errors and fraud of the whole organization.
Do you realize if the guy you work with sitting next to you has committed fraud or financial misrepresentation in your organization, and even if your officers and CEO was located 100s of miles from your building/operations.. your CEO will be fired and held financial/ criminal liable... no matter how ethical the CEO was it wont matter.
example... a sales person in Hong Kong books a fictitious LARGE Mega Million deal for a publicly traded SV tech company, later discovered after the sales we published to the public ... yes the CEO is liable for not having internal controls over the financials.
Yes..Due to SOX the risks have increased and so have the costs of employing a CEO.
OK so our Movoto blog discussed public schooling, and in particular, how living near an awesome school district could add value to your property. Our theory is that saving money by not having to enroll your kids in private school carries a lot of weight.
Thoughts, experiences, opinions?
So why didnt SF SouthBay RE prices skyrocket during the 70s and 80s... why wait until the post 1999 ? Its was the same schools system and same unionized teachers ?
So today, you use great schools to justify million dollar schools which if you compare to private schools are still overpaying several times over.
The reason cap gains has a preferred tax rate is lawmakers believe it does help GPD growth.
See above. The beliefs of politicians don't trump facts.
OH i think you will find even the Dems believe in tax cuts to spur investment dollars in their own states... She what Schumer says below!
Intel did not rely on new incentives included in a job bill signed this week by Gov. Jan Brewer when deciding to expand in Arizona, executives said. They cited existing tax benefits, such as a research-and-development credit, foreign-trade zone and a "sales factor" change originally passed in 2005 that is now expanding.
The state Legislature in 2005 passed legislation that helped companies such as Intel that have expensive facilities and high wages but sell little within the state.
A "sales factor" change allowed companies to calculate corporate-income taxes based solely on in-state sales if they made an investment of $1 billion or more in a new project.
"To be honest, when we changed the sales-tax factor . . . that's when Intel was making the decision to either divest from Arizona or stay in Arizona," said Barry Broome, president/CEO of the Greater Phoenix Economic Council.
AMD to build chip fab in Albany area
Bruno said one of the incentives will be to have the chip fab plant built in an Empire Zone, a designation he said could ultimately be worth as much as $400 million to $500 million in tax and other incentives to AMD.
Sen. Charles Schumer (D-N.Y.), one of the speakers at the event, said the chip plant was good news for the region.
"This is tremendous news for Tech Valley," he said. "Landing AMD holds the potential for transforming the regional economy, and bringing us into the 21st century. It is a clarion call that upstate New York is open for business. I applaud the state leaders for getting this done, especially (Senate Majority Leader) Joe Bruno (R-Brunswick), who has been working on bringing a chip-fab to the Capital Region for a decade."