Funny how the Wall St haters look the other way regarding Apple. They were every way the big corporation. Focused on corporate profits, charging top dollar, monetizing everything and outsourcing big-time. What's different??
Money Matters - Part 8
RIP Steve Jobs.
Good point!!! I don't hear them burning barrels full of iphones LOL. Their list of demands was a hodgepodge of nonspecific complaints.
I was wondering what your new 'buy back into Apple' price might be, v.
Not sure, but I am watching!
Victor, what you said about Apple as a corporation is certainly true, but I think the difference is the product(s). I've been a die-hard Mac owner for 25 years despite the cost, and hate having to use a PC even though they have come a lot closer to the user-friendliness of a Mac over the years.
(This is NOT intended to start a Mac vs PC debate, just expressing my personal opinion.)
True, but that has NOTHING to do with the corporate/profit/outsourcing, etc.
Kenny Rogers the Gambler is running thru my mind now.
Tell him to slow down!
Quote from victorgardener :
Funny how the Wall St haters look the other way regarding Apple. They were every way the big corporation. Focused on corporate profits, charging top dollar, monetizing everything and outsourcing big-time. What's different??
I think you are spot on, but my humble opinion is that what makes Apple different to the Wall Street haters is simply the "cool factor". Apparently it's strong enough for them to look the other way when it comes to Apple.
I agree 100%, which is why I don't take them seriously. Same people b****ing about Wall St now loved it when their 401(k)s were going through the roof.
Quote from victorgardener :
I agree 100%, which is why I don't take them seriously. Same people b****ing about Wall St now loved it when their 401(k)s were going through the roof.
Or perhaps their parents 401 ks
Another sucky jobs number. 100K, but half of that is returning Verizon workers.
I am so confused! My Dad says that the people who have the most money make the most jobs. (That is why we can't make them pay taxes - it would hurt the number of jobs they make.) Well more and more the money is being concentrated in the hands of a few people - where are all the jobs they are supposed to be making with that money? I have no idea what the answer is and all I really want is a solid roof, affordable medical care for me and the cats and enough left over after I pay for food and utilities and necessities to give some away every month - but IMHO the current "very wealthy" are not doing their job of using their money to make jobs and should be fired!
Well, the basic premise is incorrect. They already ARE paying taxes - and most of them at that. I am no apologist or spokesman for the rich, but this class warfare crap is just nuts. The FACT is that those at the top are paying a larger chunk of federal income taxes than ever. This is easily verifiable and comes straight from the IRS. Their marginal RATE is lower than it used to be, but they are paying more taxes. Who cares about the rate if they are actually paying more!
We keep hearing about them needing to pay their fair share. The top 1% pays more than 40%. Top 5% pays more than 2/3rds and more than half pay NOTHING. How much more should they pay? And what are they doing with their money? Either spending or investing. Either way, it helps the economy.
No one is hiring now because of all the uncertainty. Will the economy slide back into recession, will taxes go up again, how much will the healthcare changes cost, what new regulations must they now comply with, etc. Employers have to ask themselves these questions all the time.
What really irritates me are the gazillionaires who say they should pay more. They can do it anytime! Treasury always accepts extra. It's all political.
Just want to underscore one point. Even with the lowering of the tax rate (tax cuts) that occurred twice in the past decade, those at the top increased their share of the taxes paid. That may be unbelievable to some people, but it's a fact.
And a little perspective. The ones hurt most by the recession and financial crisis are those with the least education and skill level. Your best ticket is a degree in a field in demand. Not philosophy or psychology. Throughout this down period, employers have lamented about the lack of skilled people. As I posted the other day, engineers are doing fine and starting at over $60K.
I literally just heard on the radio, while eating lunch, that the unemployment rate for those with a degree is 4%. I have read before that it has never been above 5% during all this period.
The employer
State Taxes on Sales
State Taxes on Profits
State Taxes on Unemployment
State Taxes on Workmans Comp (depends how the state gets paid)
Federal Taxes on Unemployment
Federal Taxes - Quartley - Medicade, SS etc
Federal Taxes - IRS
Then you get into Licensing, anything with weights from laundry to tractor trailers, cars, restaurants etc etc etc the list never stops.
I think I got it right - I dont like what I Wrote!! Even if its wrong!!
Forgot one thing before. The third thing rich people do with their money is donate to charity, big-time. The proposal floating around to limit charitable deductions is beyond stupid.
Loopholes in general, need to be eliminated. For a mega company like GE to pay zero is beyond belief. And their CEO is the head of the President's jobs and competitiveness commission. To boot, he just shipped his x-ray division to China.
from the time Jobs returned to Apple in '96 until his death, the stock rose 8600%!! Not a bad return.
Victor... that's about the time i started tracking Apple stock with a fictional 1,000 shares. I lost the data when my hard drive died and Netscape went bye-bye. Too bad it wasn't a real thousand shares.
Regarding contributions to charity:
http://consumerist.com/2009/05/when-it-comes-to-charity-poor-give-too-much-get-too-little.html .
At work our top execs do buy tables at charity events, etc. however only ONE of them pays for them out of his own pocket - my company pays for the rest of the contributions even though the exec uses HIS name as the donor. (When the ONE that paid out of his own pocket was convinced to let the company pay for the table he buys each year for a local charity - he bought TWO tables instead and still paid for one himself.) One of our past execs won a new car on a raffle ticket that the company paid for and he kept the car for himself! (He also took his company car to his new job and didn't return it until our Finance department cross-charged his new company for the car lease!) Another group of our execs CHEATED in a Charity golf tournament so they would win.
It would KILL me if I didn't have enough leftover at the end of the month to give some to charities. That is actually my prayer each night, to have enough to be able to give some away.
Hubby got cut down to 4 days a week again. There is just about enough logs in the mill yard to keep the guys working 2 weeks.
Hurricane Irene destroyed the route they use to go from point A to B. Instead of 60 miles the trip is 185 miles to get the logs to the mill.
Ho Humm - Guess I have to crank up my so called job
darius, those kinds of diversions can just make you ill.
Sorry, schickenlady.
Victor- are you in? apple. I thought it would be higher when I heard some good news from them today.
No - no apple right now.
"They" say the news today is encouraging.
We've heard that before! I bet 'the checks in the mail' too!
Yes, more of the same - optimism that Europe will finally get their act together. I doubt it.
Market was way up yesterday. :)
made the mistake of looking at some qtrly statements in sept. - can't go up high enough - healthcare the only fund that stayed close to even.
Will be down today. Yesterday was yet another market overreaction/wishful thinking response to 'good news' on Europe.
Its a conspiracy- a grand scheme by those who know,, to suck money out the impulsve uneducated playas in stocks.
is it scary that this somewhat tongue in cheek response doesn't sound all that crazy to me, when I write it down?
Hee hee!
lol
Funny, Sally. Somehow, I think you hit the nail on the head. :)
Whos these people? I watched it about 7 minutes. Honestly I do agree with most of what they say. I would like to know if they actually predicted Fanny Mae, Freddy Mac and GM would go bankrupt.
http://www.stansberryresearch.com/pro/1108PSINEWVD/6PSIMA22/PR
I've only seen about two minutes but so far it has all the signs of 'somebody selling something.'
In his early intro he talks about advising people to short stocks...
Gas went up about ten cents in the last several days.
I listened to that video for awhile but not to the end. I'm skeptical-- but it does make me want to buy durable goods and canned food.
This message was edited Oct 12, 2011 12:58 PM
gas prices going up. was @ $3.19 this am, went up to $3.45 @ noon. The stations around here like to change @ noon.
whew talk about inflation in 2009 a lego set my son wanted was $44.99 it is now $94.99
Organic peanut butter at Trader Joe's went up from $1.99 to $3.79. I hear there is a shortage of peanuts this year.
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