Throughout the country (very visible in Silicon Valley), they are laying off American high-tech workers to prepare lies and rationalizations for more H1B visa workers. The same companies that are laying off will be requesting Renewal or New Visas. I just got laid off of a company and their entire IT department is InfoSys from India. These high-tech companies are unAmerican.
And throughout the country they are laying off American high-tech workers to prepare lies and rationalizations for more H1B visa workers. The same companies that are laying off will be requesting Renewal or New Visas. I just got laid off of a company and their entire IT department is InfoSys from India. These high-tech companies are unAmerican.
This is positively absurd. They are focused on politics and other bullshit instead of actually analyzing their crappy legislation and doing a thorough analysis on what works and what does not.
If we have anybody with a brain in the House they should vote no on this and demand a thorough economic analysis be completed!
*@*)$@&*) The U.S. is in absolute crisis and this is their focus!
But if it gets through, they clearly are ramrodding this through so trying to figure out precisely what is in and what is out is going to be a watch dog nightmare.
That just drives me NUTS! so what if they pass it in a couple of days if the CBO is correct and we're looking at actual deployment all the way to 2019, what good is ramrodding the bill through?
... DeFazio withdrew his, it would seem to join Nadler's.
It could well be on a procedural matter, which made Nadler's amendment more likely to get reported out of the Rules committee, but in any event its an increase of bus transit and rail spending from $10b to $13b ... I have not seen the text, but if its split 50:50, that's an increase for bus transit from $6b to $7.5b and for rail from $4b to $5.5b.
I linked to a good 3 posts by midtowng where he was watch dogging AIG.
Here's something from the geek world. I was told internally it was the most FUBAR company and they also fired all of their I.T., forced them to train H-1B guest workers and in terms of pure project management, it was instead of cream rising to the top, pure incompetence was continually rewarded.
That's an issue for another day....the erosion of competency within corporations and also the rise of corporate culture which to me takes lessons from psychological torture, warfare and other psychological abuse techniques.
We are the Borg and if you say the Emperor has no cloths thou shalt be banned from the social order!
Although throughout History, the minute the middle class is flattened is an opportune time for political takeover and upheaval. In the 1930's we got FDR and Germany got Hitler.
Frankly while the people of Europe are way more likely to hit the streets, protest and demand their government represent them, I just do not believe, because their governments are more responsive to the Populist voice plus their own tragic history in the 20th century, that such events are likely.
Ahhh..another way to screw the employee and the employer at the same time. The employers contribution is part of your overall earnings and should also be part of what u can give to your heirs........Folks, get a fire proof secure lock box and don't put any money in the banks and stuff it in yer firebox
Someone in public relations got a clue. But that said, corporate jets are a tax write off and obviously....luxury items maybe should not be a write off as the "cost of doing business". So, while Citigroup generated outrage, there are plenty of private corporate jets flying around as a tax write off.
I think you're going to need a little summary with a link to each part. part I.
This is amazing work NDD. I am hoping other economists are reading this post for review because if you find a variable flaw in the Kasriel indicator, as far as I am aware that is completely new, novel and is original research. May I am wrong because I am certainly not a professional economist but you're running raw data and doing the analysis correctly from everything I know.
and if our government represents us....a good way to clean house of all of these little feudal lords called executives.
I wrote a piece A Little History of Financial Crises in October pointing out the ones who dealt with their financial crisis, also connected to a housing bubble, was Sweden, for the least amount of pain and money.
They also didn't try to save shareholders or executives.
the problem is our government is still so corrupt, we cannot get policy that is based objectively on what works. It's like a Medusa of special interests.
We have known for over a hundred years what the finance system does when left to its own devices. In the 1930's, government stood up to its responsibilities and stopped leaving them to their own devices and created a finance sector that was suitably boring and a tremendous complement to real productive activity.
But over the past fifty years we have been incrementally allowing things to slide in reverse, and by 1999, we were back to leaving the finance sector to its own devices. And of course, a Bank Panic in under a decade is the entirely predictable result.
Government broke the finance sector ... by leaving it to its own devices, which never works to serve producers or consumers ... and so we bought it.
The only question left now is how many god damned times to we want to pay for the same pot, because if we pay for the replacement and then hand the replacement to the same two year old who adores the sound of pottery shattering, we are going to have to buy it again ... and again ... and again ... until we stop doing that.
GE is getting bailout funds from US taxpayers and yet they spit in the US taxpayers face and lobby Congress to get Buy American provisions stripped from the stimulus package? Now that takes chutzpah!
General Electric Taps TARP for Additional Liquidity
GE's Finance Arm Launches $10 Billion FDIC-backed Debt
in his book (see reads section) has a whole chapter on how U.S. taxpayers pay for corporate private jets.
But why I went off is the minute most of these cats get the title executive they really get this grandiose attitude like somehow they are superior, it's a feudal lord caste, has nothing to do with business at this point.
It's more of a symbol. In fact when writing this I had a hard time finding the exact recent info on executive pay but it's in the billions, even with these latest PR stunts to claim they are "reducing it"...well, $60 million to say $12 million is simply not reducing it enough. Especially with all of the hidden "perks" like outrageous retirement packages while employees benefits are now cut to nothing.
We have a whole generation coming up who have gotten royally screwed on retirement and that is going to hit like a tsunami.
I've flown in a Dassault before, a private flight between Chicago and some place near LA. It wasn't a bad flight, especially since I got to ride for free :P
Seriously though, if I were a shareholder, I'd raise a ruckus to sell the plane.
Throughout the country (very visible in Silicon Valley), they are laying off American high-tech workers to prepare lies and rationalizations for more H1B visa workers. The same companies that are laying off will be requesting Renewal or New Visas. I just got laid off of a company and their entire IT department is InfoSys from India. These high-tech companies are unAmerican.
And throughout the country they are laying off American high-tech workers to prepare lies and rationalizations for more H1B visa workers. The same companies that are laying off will be requesting Renewal or New Visas. I just got laid off of a company and their entire IT department is InfoSys from India. These high-tech companies are unAmerican.
This is positively absurd. They are focused on politics and other bullshit instead of actually analyzing their crappy legislation and doing a thorough analysis on what works and what does not.
If we have anybody with a brain in the House they should vote no on this and demand a thorough economic analysis be completed!
*@*)$@&*) The U.S. is in absolute crisis and this is their focus!
Though it is disheartening to have to face the evidence of how broken the policy making process is.
But if it gets through, they clearly are ramrodding this through so trying to figure out precisely what is in and what is out is going to be a watch dog nightmare.
That just drives me NUTS! so what if they pass it in a couple of days if the CBO is correct and we're looking at actual deployment all the way to 2019, what good is ramrodding the bill through?
That sounds like tentatively good news though.
... DeFazio withdrew his, it would seem to join Nadler's.
It could well be on a procedural matter, which made Nadler's amendment more likely to get reported out of the Rules committee, but in any event its an increase of bus transit and rail spending from $10b to $13b ... I have not seen the text, but if its split 50:50, that's an increase for bus transit from $6b to $7.5b and for rail from $4b to $5.5b.
I linked to a good 3 posts by midtowng where he was watch dogging AIG.
Here's something from the geek world. I was told internally it was the most FUBAR company and they also fired all of their I.T., forced them to train H-1B guest workers and in terms of pure project management, it was instead of cream rising to the top, pure incompetence was continually rewarded.
That's an issue for another day....the erosion of competency within corporations and also the rise of corporate culture which to me takes lessons from psychological torture, warfare and other psychological abuse techniques.
We are the Borg and if you say the Emperor has no cloths thou shalt be banned from the social order!
Although throughout History, the minute the middle class is flattened is an opportune time for political takeover and upheaval. In the 1930's we got FDR and Germany got Hitler.
Frankly while the people of Europe are way more likely to hit the streets, protest and demand their government represent them, I just do not believe, because their governments are more responsive to the Populist voice plus their own tragic history in the 20th century, that such events are likely.
Great catch! Thanks! n/t
Ahhh..another way to screw the employee and the employer at the same time. The employers contribution is part of your overall earnings and should also be part of what u can give to your heirs........Folks, get a fire proof secure lock box and don't put any money in the banks and stuff it in yer firebox
They just wiped out the entire manufacturing center of the US...the midwest.
This is starting to look way beyond "recession", if these numbers keep up.
I wonder how these layoffs compare to layoffs from 1929-1934?
They also changed the BLS calculations significantly so a comparison of what they do not count versus what they did count back in the 1930's.
Jet cancelled.
Someone in public relations got a clue. But that said, corporate jets are a tax write off and obviously....luxury items maybe should not be a write off as the "cost of doing business". So, while Citigroup generated outrage, there are plenty of private corporate jets flying around as a tax write off.
I think you're going to need a little summary with a link to each part. part I.
This is amazing work NDD. I am hoping other economists are reading this post for review because if you find a variable flaw in the Kasriel indicator, as far as I am aware that is completely new, novel and is original research. May I am wrong because I am certainly not a professional economist but you're running raw data and doing the analysis correctly from everything I know.
Very good work!
and if our government represents us....a good way to clean house of all of these little feudal lords called executives.
I wrote a piece A Little History of Financial Crises in October pointing out the ones who dealt with their financial crisis, also connected to a housing bubble, was Sweden, for the least amount of pain and money.
They also didn't try to save shareholders or executives.
the problem is our government is still so corrupt, we cannot get policy that is based objectively on what works. It's like a Medusa of special interests.
... you broke it, you bought it.
We have known for over a hundred years what the finance system does when left to its own devices. In the 1930's, government stood up to its responsibilities and stopped leaving them to their own devices and created a finance sector that was suitably boring and a tremendous complement to real productive activity.
But over the past fifty years we have been incrementally allowing things to slide in reverse, and by 1999, we were back to leaving the finance sector to its own devices. And of course, a Bank Panic in under a decade is the entirely predictable result.
Government broke the finance sector ... by leaving it to its own devices, which never works to serve producers or consumers ... and so we bought it.
The only question left now is how many god damned times to we want to pay for the same pot, because if we pay for the replacement and then hand the replacement to the same two year old who adores the sound of pottery shattering, we are going to have to buy it again ... and again ... and again ... until we stop doing that.
GE is getting bailout funds from US taxpayers and yet they spit in the US taxpayers face and lobby Congress to get Buy American provisions stripped from the stimulus package? Now that takes chutzpah!
General Electric Taps TARP for Additional Liquidity
GE's Finance Arm Launches $10 Billion FDIC-backed Debt
here:
Just the Nays:
NAYs ---34
Alexander (R-TN)
Barrasso (R-WY)
Bennett (R-UT)
Brownback (R-KS)
Bunning (R-KY)
Burr (R-NC)
Byrd (D-WV)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
DeMint (R-SC)
Enzi (R-WY)
Feingold (D-WI)
Grassley (R-IA)
Harkin (D-IA)
Hutchison (R-TX)
Inhofe (R-OK)
Isakson (R-GA)
Johanns (R-NE)
Kyl (R-AZ)
Lugar (R-IN)
Martinez (R-FL)
McCain (R-AZ)
McConnell (R-KY)
Murkowski (R-AK)
Risch (R-ID)
Roberts (R-KS)
Sanders (I-VT)
Sessions (R-AL)
Specter (R-PA)
Thune (R-SD)
Vitter (R-LA)
Wicker (R-MS)
Not Voting - 4
Bond (R-MO)
Brown (D-OH)
Kennedy (D-MA)
Wyden (D-OR)
in his book (see reads section) has a whole chapter on how U.S. taxpayers pay for corporate private jets.
But why I went off is the minute most of these cats get the title executive they really get this grandiose attitude like somehow they are superior, it's a feudal lord caste, has nothing to do with business at this point.
It's more of a symbol. In fact when writing this I had a hard time finding the exact recent info on executive pay but it's in the billions, even with these latest PR stunts to claim they are "reducing it"...well, $60 million to say $12 million is simply not reducing it enough. Especially with all of the hidden "perks" like outrageous retirement packages while employees benefits are now cut to nothing.
We have a whole generation coming up who have gotten royally screwed on retirement and that is going to hit like a tsunami.
the Department of Commerce!
I've flown in a Dassault before, a private flight between Chicago and some place near LA. It wasn't a bad flight, especially since I got to ride for free :P
Seriously though, if I were a shareholder, I'd raise a ruckus to sell the plane.
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