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.
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
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, 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.
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 !!!
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.
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? 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.
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.