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Automotive News & Views United Automobile Workers of America (UAW)
16705 messages, Last post on Nov 25, 2009 at 6:56 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: gagrice (Dec 28, 2008 4:21 pm) A bandwagon jumper? I've always been a Bears/Cubs/Bama/Longhorn fan.
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Replying to: dallasdude1 (Dec 28, 2008 7:35 pm) After Joe Montana left the 49ers I lost pretty much all interest in the NFL. I do like the Longhorns and rooted for them when they last won the championship 2-3 years ago. I did not like Landry with the Cowboys. I do feel they gave him a raw deal. So it was a double dislike of the Dallas cowboy management. Kind of hard to get too excited when you don't even have a TV to watch. I spend more than enough time in front of this computer debating the UAW.
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Replying to: tlong (Dec 28, 2008 11:33 am) There many kids, who change majors in their first year. Most likely due to the demands of math or science classes. These often go into the business and or some liberal arts. I'm aware of the decline in science, engineering, and technology students. While the center believes that most December business grads will be in good shape, it's the upcoming seniors they're thinking of. "It's the May grads that I'm worried about and the May of 2010 grads that I think will really get hit hard by what's happening in the economy," said Schroeder. http://www.channel3000.com/education/18276801/detail.html Fourth-year Ashwin Nirmalkumar already knows where he will be working next year. After interning as a summer analyst at Merrill Lynch, he was offered a full-time position for 2009 as an investor banking analyst, complete with benefits and a competitive salary. His greatest fear is that his offer may not stand. http://dailybruin.ucla.edu/news/2008/oct/02/students-job-prospects-finance-negat- ively-affected/ “It’s a very predictable and reliable pattern,” said Stacey Kole, deputy dean for the full-time M.B.A. program at the University of Chicago’s Graduate School of Business. “When there’s a go-go economy, fewer people decide to go back to school. When things go south, the opportunity cost of leaving work is lower.” http://www.nytimes.com/2008/10/07/business/07SCHOOL.html |
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Replying to: gagrice (Dec 28, 2008 7:52 pm) My computer is on my TV, so is my music, and video games too. I can flip back and forth and even use the phone sometimes. If it wasn't for eating, work, and the gym.......I'd never leave the media room |
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Replying to: tlong (Dec 28, 2008 11:40 am) Unfortunately, the business schools are teaching the no value added concept. So where do you think these folks in banks and Wall Street add value? I'm certain that in the future more business will be done online. Realtors, car sales, banking/investment, the mail, news papers and many other industries will evolve to be more efficient. Sound financial advise is one thing. The growth in exchange traded funds also presents a challenge for the fund industry. These non-traditional funds, with names like SPDRs, WEBs and DIAMONDS, have obtained relief from the commission to facilitate secondary market trading in their shares. These funds have enjoyed tremendous growth. Broker increasingly are offering brokerage accounts with asset-based fees or use other alternative pricing structures, and are developing products that compete with, and are alternatives to, mutual funds. These asset-based pricing structures now are highly competitive with the costs of mutual funds. Thanks to technology, which has provided better software and portfolio management systems, investment managers who in the past would take institutional accounts with a minimum of $5 million or higher, are more willing to take much smaller accounts. Its all rather easy and the first $100,000 is what I see as anyones first hurdle. If done soon enough, one is more than not likely to become wealthy. If I can do it, so can anyone else. Knowing the rule of 72 and having a soundly grounded knowledge of economics its a sure thing. While some discuss annuities, I'm of the mind of perpetuities, which will pass from generation to generation.
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Replying to: gagrice (Dec 28, 2008 4:21 pm) maybe you should visit some time. you will find out it has a lot to offer, besides the UAW.
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Replying to: 62vetteefp (Dec 28, 2008 11:21 am) Yeah one would be crazy to exercise the stock options. However, you have to know more about the Golden Parachute. They have deferred compensations as to reduce taxes. So therefore, he will be getting a steady stream of income for years to come. Many highly compensated folks in Hollywood and sports superstars do this. More or less a untaxable trust fund, with many more implications. An irrevocable grantor trust but subjects the trust assets to claims by the employer’s creditors; a taxable trust, which is protected from the employer’s creditors but taxes are paid on the income a the time the deferred contributions are made; and, bonds which allow the employer to coordinate the retirement with the maturity dates of the bonds. Then some might opt for some type of whole life with a present cash value. Or even all of the above. Arod is a good example, the Texas Rangers are still paying him. Years after going to New York. |
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Replying to: dallasdude1 (Dec 26, 2008 6:54 am) Thank you! This puts things in a better perspective. Kip |
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Replying to: jimbres (Dec 28, 2008 10:24 am) The Big 3 do produce many attractive vehicles that the American public was buying in huge numbers, GM didn't stay the biggest seller for so long by accident. No one that I have heard of predicted gasoline to jump almost two dollars in one year. Some people don't understand the reason the Big 3, as well as the imports were making the large SUVs and pickup trucks, is, that is what the American public was buying and they were very profitable. It would have been irresponsible not to offer them. The Big 3 also has many smaller, very fuel efficient vehicles that are highly rated, some higher than their comparable import counterparts and priced less or equal. Sadly, the American public doesn't seem to want to support American companies, even though they often say they wish they could buy more American products. Our economy seems to be based on Micky Ds, health care and paper. One has to wonder, where the money is going to come from, when the rest of our jobs, that produce an actual product are gone? If tariffs don't work, why did we institute tariffs on incoming steel a few years back to try and save our domestic steel industry? Instead of lowering our standard of living, perhaps we should hope to raise everyone's standard to a higher level?
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Replying to: dallasdude1 (Dec 28, 2008 10:48 pm) My wife gets opportunities for deferred comp about every 4 years and it's incredible the benefits she gets out of it. I think many don't understand how it works, but basically all deferred compensation does is allow the employee to defer and invest compensation for a later date. Probably really nice for a CEO that will be making millions to defer some of that to a date were he will no longer be CEO and possibly pay less tax on that money if he/she has a lower tax bracket when deferred comp is returned. With my wife's plan, I don't really see it saving us on tax liability. She gets to elect an amount of her salary to defer every 4 years. Sure, we don't pay tax on the deferred salary the year it's deferred, but it will be taxable when the deferred salary is returned. Her plan has an 8 year deferment and provides 15 years of annuity payments based on amount deferred and guaranteed ROR beginning at age 65. Next month she gets a check from her first deferment from 8 years ago. That will be taxable income for '09 unless I put it in a different tax deferment vehicle. The beauty of that deferment is the funds deferred have a 13% guaranteed ROR.
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