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I do well for myself. Firmly entrenched in the middle-class. I really don't have to think about money. We aren't big spenders, we save quite a bit of cash each month.
What was the point of this post? Oh, some of us do not need gobs of money to have a high quality of life. I'm very happy right now and I do not see more money changing that level of happiness. Sure, sometimes I think that having more money would be nice, but I like working, it makes life interesting.
some people think that needing to think/worry about money is tantamount to greed.
to state that so arbitrarily only means that that person has never really had to worry about someone else.
your method of living well within your means is sensible and allows you to be comfortable and happy.
I am comfortable and happy. but I have to hustle in business because the jobs of others had to rely on that. making deals, maximizing margins and ROI...... having to lay someone off really really really sucks
__________________ “ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.
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When things go wrong in the Muslim World this is what they do, they pray to their God.
Dear Lord:
The American people have made their choice. They have decided that America must change its course, away from the principals of our Founders. And, away from the idea of individual freedom and individual responsibility. Away from capitalism, economic responsibility, and personal acceptance.
We are a Country in favor of redistribution, national weakness and reduced standard of living and lower and lower levels of personal freedom.
My regret, Lord, is that our young people, including those in my own family, never will know what America was like or might have been. They will pay the price in their reduced standard of living and, most especially, reduced freedom.
The takers outvoted the producers. In response to this, I have turned to my Bible and in II Peter, Chapter 1, verses 4-9 it says, “To faith we are to add goodness; to goodness, knowledge; to knowledge, self control; to self control, perseverance; to perseverance, godliness; to godliness, kindness; to brotherly kindness, love.”
Lord, please forgive me and anyone with me in Murray Energy Corp. for the decisions that we are now forced to make to preserve the very existence of any of the enterprises that you have helped us build. We ask for your guidance in this drastic time with the drastic decisions that will be made to have any hope of our survival as an American business enterprise.
Amen.
some people think that needing to think/worry about money is tantamount to greed.
to state that so arbitrarily only means that that person has never really had to worry about someone else.
your method of living well within your means is sensible and allows you to be comfortable and happy.
I am comfortable and happy. but I have to hustle in business because the jobs of others had to rely on that. making deals, maximizing margins and ROI...... having to lay someone off really really really sucks
I work hard, I hustle, people rely on my ability to get stuff done. I just don't stress over it.
My family was very poor. I supposed I bootstrapped myself. However, I don't have this need to accumulate wealth or have the fear that I will somehow fail.
Last edited by Nunchucks; 11-09-2012 at 12:59 PM..
I work hard, I hustle, people rely on my ability to get stuff done. I just don't stress over it.
My family was very poor. I supposed I bootstrapped myself. However, I don't have this need to accumulate wealth or have the fear that I will somehow fail.
you ever lay someone off? even more so, you ever lay someone off because of a deal you could not close?
__________________ “ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.
Last edited by IllegalContact; 11-09-2012 at 01:03 PM..
I worked in a family consulting business and had to lay off a few people when the economy tanked in 2009. We then had to close up shop because the work entirely dried up. Was unemployed for 9 months and finally found job. Very happy where I landed.
Last edited by Nunchucks; 11-09-2012 at 01:04 PM..
I worked in a family consulting business and had to lay off a few people when the economy tanked in 2009. We then had to close up shop because the work entirely dried up. Was unemployed for 9 months and finally found job. Very happy where I landed.
I went 22 months without paying myself.......mortaged my house....then sold out to prevent closing up. now I am chained to the place for the next 10 years
__________________ “ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.
Last edited by IllegalContact; 11-09-2012 at 01:07 PM..
Same goes for you & I ILHP....we both go to work everyday and do the best we can because we want more. I know I've never said to myself, "Hey, I'm making enough, let someone else have get more".
I think I'd be an idiot if I thought that, don't you?
There are more than a few out there PR who do not understand the nature of capitalism and our economy. Many companies due to the length of the recession long ago maxed out on cutting out the fat in oreder to retain employees. there is no more fat to cut ... or overhead to trim ... all that is left is to let employees go.
Companies do not take pride in this though some in this forum seem to insinuate that they do for vindication. It is cheaper to retain employees than it is to hire and train new ones ... companies don't layoff for no good reason. They layoff to save the company and the other jobs that exist in it.
There are more than a few out there PR who do not understand the nature of capitalism and our economy. Many companies due to the length of the recession long ago maxed out on cutting out the fat in oreder to retain employees. there is no more fat to cut ... or overhead to trim ... all that is left is to let employees go.
Companies do not take pride in this though some in this forum seem to insinuate that they do for vindication. It is cheaper to retain employees than it is to hire and train new ones ... companies don't layoff for no good reason. They layoff to save the company and the other jobs that exist in it.
Icy, I know Capitalism. It's what I do for a living. I manage over $55 million in investments for my clients (each and everyone a Captalist also) as a Certified Financial Planner for a Fortune 500 Broker/Dealer.
And I call BS.
The stock market is over 12,800. We have a RECORD $3 trillion+ in corporate cash just sitting there. The Consumer Sentiment numbers out today show the most confidence since Spring 2007.
BullCrap, OK? The public job cutting announcements by large companies in the past few days is posturing and political whining. Large cap corps are playing politics and using employees as human shields.
Ever look at the the past 6 months worth of the jobs reports? Know where the greatest GAINS in new jobs are? SMALL BUSINESS. Know where the greatest jobs losses have been? GOVERNMENT. And now it's the Large caps that are announcing with great fanfare the layoffs.
We have just lived through an election where delusion and belief (Dick Morris, Karl Rove) were proven wrong by empirical data and facts (Nate Silver, Sam Wang, Drew Linzer).
Perhaps now, it's time to recognize the importance of looking at facts instead of whomever is the loudest voice.
I agree with your last paragraph when talking about SMALL BUSINESSES (btw, the ones who are ADDING the most jobs). But not regarding the large caps - - who have CEO's who flit from one company to the next with golden parachutes and were not the founders or sweat-equity contributors to the companies they leave. THOSE are the guys who are using their employees as human shields now for political reasons.
corporations have the right to keep their cash. unlike 12-15 years ago, it benefits a company to have cash sitting around. inflation is much lower than the economic uncertainty these days.
Quote:
Originally Posted by shmessy
Icy, I know Capitalism. It's what I do for a living. I manage over $55 million in investments for my clients (each and everyone a Captialist also) as a certified Financial Planner for a Fortune 500 Broker/Dealer.
And I call BS.
The stock market is over 12,800. We have a RECORD $3 trillion+ in corporate cash just sitting there. The Consumer Sentiment numbers out today show the most confidence since Spring 2007.
BullCrap, OK? The public job cutting announcements by large companies in the past few days is posturing and political whining. Large cap corps are playing politics and using employees as human shields.
Ever look at the the past 6 months worth of the jobs reports? Know where the greatest GAINS in new jobs are? SMALL BUSINESS. Know where the greatest jobs losses have been? GOVERNMENT And now it's the Large caps that are announcing with great fanfare the layoffs.
We have just lived through an election where delusion and belief (Dick Morris, Karl Rove) were proven wrong by empirical data and facts (Nate Silver, Sam Wang, Drew Linzer).
Perhaps now, it's time to recognize the importance of looking at facts instead of whomever is the loudest voice.
I agree with your last paragraph when talking about SMALL BUSINESSES (btw, the ones who are ADDING the most jobs). But not regarding the large caps - - who have CEO's who flit from one company to the next with golden parachutes and were not the founders or sweat-equity contributors to the companies they leave. THOSE are the guys who are using their employees as human shields now for political reasons.
__________________ “ I think good coaches will coach with the personnel they have, and if you only have one (good) linebacker, you’re not going to play a 3–4. ”
—Hank Bullough, who installed one of the first 3–4 defenses with the New England Patriots.
Icy, I know Capitalism. It's what I do for a living. I manage over $55 million in investments for my clients (each and everyone a Captialist also) as a certified Financial Planner for a Fortune 500 Broker/Dealer.
And I call BS.
The stock market is over 12,800. We have a RECORD $3 trillion+ in corporate cash just sitting there. The Consumer Sentiment numbers out today show the most confidence since Spring 2007.
BullCrap, OK? The public job cutting announcements by large companies in the past few days is posturing and political whining. Large cap corps are playing politics and using employees as human shields.
Ever look at the the past 6 months worth of the jobs reports? Know where the greatest GAINS in new jobs are? SMALL BUSINESS. Know where the greatest jobs losses have been? GOVERNMENT And now it's the Large caps that are announcing with great fanfare the layoffs.
We have just lived through an election where delusion and belief (Dick Morris, Karl Rove) were proven wrong by empirical data and facts (Nate Silver, Sam Wang, Drew Linzer).
Perhaps now, it's time to recognize the importance of looking at facts instead of whomever is the loudest voice.
I agree with your last paragraph when talking about SMALL BUSINESSES (btw, the ones who are ADDING the most jobs). But not regarding the large caps - - who have CEO's who flit from one company to the next with golden parachutes and were not the founders or sweat-equity contributors to the companies they leave. THOSE are the guys who are using their employees as human shields now for political reasons.
Question: I have never/ever read a comment you've posted where you wrote you thought the economy was headed in a negative direction.
I know you must know that it will go up and it will go down...but would you ever say you believe we're headed in a negative direction?
I ask because I don't recall you coming here in 2007 or 2008 and stating you believed we were headed into a historical recession. And I'm wondering why you didn't. Now maybe you can prove me wrong....as I'm not one to go hunting through you post history.
P.S. I'm sure you want to turn around my question and ask the opposite. But I don't advise investors, I advise retailers and my company on where my category is going based upon economic factors.
BTW...overall, I do not believe the private sector should be in a hiring mode right now. Attitudes and opinions do not reflect reality.
Last edited by PatriotsReign; 11-09-2012 at 02:32 PM..
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Re: Layoffs
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