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Automotive News & Views United Automobile Workers of America (UAW)
16726 messages, Last post on Dec 02, 2009 at 10:01 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: dhamilton (Nov 13, 2008 4:08 pm)
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Replying to: sixfive (Nov 13, 2008 6:59 am) To put it in simple terms. Your $100 investment is worth $50 now. 8% of $100 was $8 and 8% of $50 is $4. Cook the books all you want but thats a loser. I can only agree that this is a great time to buy a home and or car. Buffet seems to think that cash is king also, and has managed to get himself great terms from these capital hungry industries. Your assumption is that the original principal will be back at some future date. It ignores the preservation of capital as a goal. Then remember the rule of 72, divide the rate of return into 72 and you more or less get the years it takes to double your money. IF she were your client she'd be in the street with that 2% You fail to factor in the 4 years in a row I weighted the energy services, energy, natural resources, and natural gas. Each year was worth 40% or more. Diversification is for the ignorant. So granny would be better off heeding the advice of someone knowledgeable in money management. True I did miss out on the real estate boom, other than my residences, which I sold and awaited for the opportune moment. I rented for three years. My feelings were that most of the baby boomer's had homes by this day in time. I saw no logic in the mania and or reason for a housing boom. Other than the normal run of the mill creation of new households, there was no economic reasoning whatsoever for the housing bubble. Oops, I almost forgot, I missed out on gold too. Again, I'm not too keen on uneducated guessing. Only on reasonable and sane rationalizing. it's not ethical to time the market I disagree and consider the market nothing but a betting pool. Much like Vegas. I'm seeing many correlations to Japan in this present down cycle. If anything I've seem many more unethical things in the Wall Street rumor mill which require SEC enforcement of present regulations. |
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Replying to: dtownfb (Nov 13, 2008 5:14 pm) Regards, OW |
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Replying to: steve_ (Nov 13, 2008 7:48 am) Unfortunately thats going to happen and or has a more than reasonable chance of occurring. Didn't Circuit City get rid of their older (better paid employees) and replace them with cheaper new hires? If so, that tactic didn't save them from their present condition and no one can blame a UAW/union workforce for Circuit City's woes.
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Replying to: dallasdude1 (Nov 13, 2008 6:48 pm) That proves nothing because the auto union will go away soon...or at least be a lame duck organization. Regards, OW
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Replying to: xrunner2 (Nov 13, 2008 8:05 am) Glad you asked. http://www.nlcnet.org/article.php?id=562#Wages%20at%20the%20Toyota%20Plant |
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Replying to: kipk (Nov 11, 2008 7:15 am) " More and more these companies, unions, and employees are going to find the entitlement, they once had, is gone. Hopefully the company will still be there to pick up the pieces. " I find myself in the extremely odd position, checking for sun spots or haley's comet oragreeing with rocky, g and kip simultaneously. Sensory overload would be an understatement. rocky : No we don't want the Chinese to be our overlords. Childrens's toys, dog food, baby food, pyjamas and toothpaste is proof enough of how much they value human life over 1/2 of a cent. g: the UAW must die. Given an Obama administration and a Democratic Congress I'm not sure how that happens but happen it must. ( yoda speak) . Even if given bailout, make it a loan and remove the stigma, and they produce fuel efficient cars that people want to buy, then they are still uncompetetive. The UAW may have had a place earlier in this century, now they are just carrion. Kip : a well balanced approach.This is the non recession , recession. In January I saw IBM annouce they were going to buy back 15b of their stock. Odd recession that. The next two quarters had positive gnp despite proclamations that a resession had been declared in early Jan'08. Ultimately the financials win with I'm in a recession so therefore you need to be in a recession too. Kudos to your rational we are all part of the company vs. the Union vs Them mentality. Don't throw your proxies away. Now more than ever be the gadfly. Vote against every hr overpaid member of a compenstaion comittee. As the Who wrote : we're not going to take it "
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Replying to: dallasdude1 (Nov 13, 2008 7:12 pm) Toyota’s Supply Chain Riddled with Sweatshop Abuse “It was like prison.” -Toyota Parts Worker The workers are allowed one, or two, or at the very most, three days off a month. All overtime is mandatory. Routinely, the workers are at the factory 97 hours a week, but it was not uncommon to work even longer. For the last week of October 2007, the worker we interviewed had been obligated to work seven days, most often 16 ½ hours, from 8:30 a.m. to 1:00 a.m., putting in a 108 hour week. When we questioned him on this, he said “Yes, it is impossible, but we did it. Everyone was exhausted but we couldn’t do anything to change the situation. It was like prison.” He worked at a large metal stamping machine, stamping out cross member bars (which are used as engine support) with a mandatory production goal of completing 1,300 cross bars per hour, or one every three seconds! The work was relentless, exhausting, numbing and dangerous. In a 15 hour shift, he would complete 19,500 operations. So much for pointing fingers and saying how great the workers in Japan have it. UAW members are spoiled and are killing the golden goose they work for. |
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wow, that story is really telling, isn't it? I have heard of Japanese workers killing themselves because they just plain worked too hard. They ground theirselves right in to the ground and then committed suicide because they still didn't feel good about their work! It's nuts! Yeah, I'm thinking of the UAW "jobs bank", the Starbuck's coffee and raspberry jelly donuts. I'd be lying to you if I told you that work at Boeing never included relaxing and fun Starbuck's and jelly donuts time periods. Of course it did. What made it all too real in the end (for iluv) were the grey-suited dorks who decided that they should single-handedly play heroes and lay off 40,000+ people, just because they had the power to do so. Morons.
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Replying to: iluvmysephia1 (Nov 13, 2008 9:04 pm) |
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