How the Unions ruined Hostess.
Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
Greedy bastards. You would have taken that pay cut, right?
Category Archives: Finance - Page 5
The Evil Bakers’ Union
Posted by Robert M. Brown
on November 19, 2012
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Fed Rewards Companies For Keeping Unemployment High
Posted by Robert M. Brown
on December 14, 2012
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Or, as the newspapers put it, “Fed pledges to keep interest rates low.”
The catch is that the Fed is now saying they will maintain their ultra-low interest rates (as low as 0%) as long as unemployment is above 6.5%. The problem with this is that the two are unrelated; low interest rates don’t drive employment. (I know, the theory is that with easy credit available businesses will expand and hire more employees. In fact, they won’t do that because there’s no demand right now, and won’t be until consumers have money in their pockets.)
What this actually does is provide businesses with monetary compensation for not hiring people. “Keep unemployment high,” says the Fed, “and we’ll keep loaning you money at absurdly low rates, which you can use to buy back your stock, drive up the price, and cash in your executive stock options. Cha-ching!”
The commoners who are unemployed or unemployed? Yeah, fuck them.
And Internet For All
Posted by Robert M. Brown
on December 31, 2012
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Internet providers hate socialized Internet access. It’s cheaper, more reliable, and faster than what they offer. Of course they hate it.
Unrestrained capitalism isn’t always the best solution, and only promotes progress under a fairly narrow range of circumstances. It usually ends in monopoly and stagnation. Once you’ve cornered the market, progress becomes your enemy; you just want to maintain the status quo and keep raking in your profits.