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Author Topic: Is Mr. Oringer no longer in control of SS?  (Read 14659 times)

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« Reply #50 on: October 02, 2013, 23:32 »
0
Almost 50 million Americans are on what used to be known as food stamps.

that's 20% of the US population.

how many more millions will it will take to make the government rethink its welfare strategy ?


« Reply #51 on: October 03, 2013, 02:23 »
+1
historically when the economy goes bad they fix it with a new war.

now being Syria out of question they will push on a new target, maybe Kenya or Yemen ?

No 'fixing', it just takes the morons attention away from problems at home. Also if they really go broke they can just blame it on the war... or in the war things will get so miserable and scary that things like gas price would be below the radar. It works out so great several ways, kids

« Reply #52 on: October 03, 2013, 04:59 »
+3
yeah they blame it on the war but first of all on the president, now they will blame Obama as if replacing him with a fresh republican would make any difference.

and finally they will blame it on the americans, they will say americans waste too much, spend too much, do too many debts, consume too much, etc etc

if you're poor jobless and sick you'll be told it's only your own fault because you're a spiness loser and a disgrace.

« Reply #53 on: October 03, 2013, 20:57 »
0
Regarding the Oringer/Shutterstock issue - it's not a big deal. After a certain time period the owner(s)/founders/investors of a company are allowed to sell their shares. And that's what he did, sold a few and made a few dollars to take home. I still stand by my evaluation that the stock is way overvalued, so be wary if you want to jump in.

On the American (and world) economy, yes it's pretty bad. Great radio show on This American Life about the rising trend in disability payments and why: http://www.thisamericanlife.org/radio-archives/episode/490/trends-with-benefits  You will often hear of lot of jobs but may of the jobs are part-time and contract (temp work). Read an article on Caterpillar and the factories in the US (they just closed the London Ontario plant) and basically you have people working in the plant for the last eight years and they are making $11 an hour :o. And the CEO says "You don't like it? No problem! We'll close the plant and move to another state with a thousand people willing to work for us. Or we'll just go to Mexico." And this is a company making pretty good coin on a D-10 dollar bulldozer. It's scary. Oh and guess what folks? There also coming out with automated (robot) dozers and mine trucks! Why hire people to drive those things anyway?

« Reply #54 on: October 04, 2013, 04:20 »
0
And the CEO says "You don't like it? No problem! We'll close the plant and move to another state with a thousand people willing to work for us. Or we'll just go to Mexico."

well, same with Getty and Istock ... in their eyes photographers are dime a dozen, guess they hope we'll be replaced by hordes of third world suppliers ?

however, unlike factory workers we cannot be easily replace with cheap mexicans or vietnamese, even indians and philippinos aren't invading the stock industry and they're the only ones in asia with good enough spoken/written english to keyword and all.

why they're not joining stock in droves ? i don't know but so far that's the way it is.
as far as i see only western expats here are into stock, reportage, newswire agencies, etc

as for america, they will certainly devalue the US dollar to stay afloat, little by little to avoid troubles, but for the local workers it's gonna be bad, very bad, just like it is in europe now, and even in parts of china they're moving out to cheaper areas or even to vietnam, laos, cambodia, myanmar.

Nikon itself opened a new factory in the Laos border and will probably close or partially close the other factory in Ayutthaya near Bangkok.

now, what's cheaper than Laos ? hmm ... Cambodia, but just a little bit, probably they skipped Cambodia because of the awful infrastructures and widespread corruption, same issues they would face in Indonesia by the way and what about Philippines ?

but this is the trend, china is now too expensive and many will move to greener pastures.

so we're already witnessing the second or third stage of global outsourcing :
the chinese are now complaining that south east asians are "stealing their jobs" !
« Last Edit: October 04, 2013, 04:24 by Xanox »


 

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