Again this week John McCain has been hinting around that Barack Obama is in fact, a Socialist. Well John, if Barack is a Socialist then so are you. You should spread out the speeches where you suggest Obama is a socialist but also promise to those that are behind on their mortgages that the government would step in and save them in a McCain Palin administration. Douglas Holtz-Eakin, McCain’s senior domestic policy adviser, said that McCain’s plan calls for the government to pay full face value for troubled mortgages on properties that are now worth less than the loans. Ok, just so I’m clear. Obama is a socialist and McCain calls for the government to pay off troubled mortgages? Ok, sounds good. Too bad I pay my bills on time.
Archive for October, 2008
When do I get my union break?
Posted in Economy with tags AK Steel, Comair, Health Insurance, Unions, UPS on October 28, 2008 by krsSince 2001, the nation has lost more than 2.5 million manufacturing jobs. Most of which were simply moved overseas. General Motors is closing plants quickly. Airlines can’t lay people off fast enough. Steel mills have declared bankruptcy. One common finding is that a lot of these job losses are in union heavy industries.
Got 11 days?
Posted in Travel with tags Fuji Mountain, Oregon Coast, Redwoods, Travel, Tudal Winery, Wine Country on October 16, 2008 by krsOk so you’ve got 11 days off. What should you do? Here’s an idea. Fly to Seattle, Washington. Leave on a Friday, get there Friday evening. You’ll need to rent a car. Read more »
Interesting article
Posted in Economy with tags jobs, Money, unemployment on October 7, 2008 by krshttp://www.cracked.com/article_16676_6-emails-you-get-when-your-company-about-go-under.html
So this article was spot on. Where I work, I’ve gotten every single one of these emails. Maybe I should start to do some more worrying about my job??? I’m off tomorrow, perhaps I’ll take that time to sit on a park bench and worry.
There’s too many of us
Posted in Economy with tags Golden parachutes, unemployment on October 3, 2008 by krsDownsizing might happen but who knows. If we do downsize who’s it going to be? How many of us will go? When will the managers tell us? Do they already know who will be the one leaving? Where will I go work? These are questions people all over the country are asking, because companies are telling employees that there’s no money. Oil is too expensive. Health care is too expensive. Your $50,000 a year salary is too expensive.
Employers shed 159,000 jobs in September, the ninth consecutive month of job losses and a sign that the U.S. economic downturn continues, the government reported Friday. Almost every company in the world is trying to do more with less. The blame is high oil prices, high taxes on businesses, and in my humble opinion, crazy awesome perks for executives. Don’t get me wrong, I’m one of the few that believes you have to pay executives a shit ton of money to get them to do their job properly. Most of them work 70 or 80 hours a week. They get phone calls almost the entire time they’re not at work, and a majority of them actually care about the companies they lead. So yeah, you’ve got to pay them properly. If the Dallas Cowboys got a bunch of football players that only made $50,000 a year, then the Dallas Cowboys would suck. You’ve gotta pay millions for someone worth a shit. Same in the corporate world, you’ve gotta pay millions to get someone worth a shit. Alright so they should get paid, but look at what else they get. When they get fired most of them, as a parting gift get a few million dollars instead of a kick in the arse out the door like most of us would get. How is that fair? You get fired and hit the lottery on the same day? What the fuck. Golden parachutes. That’s what they’re called, and they’re awesome if you’re lucky enough to have one.
Here’s what former Delta CEO Ronald Allen got when he was fired.
• $500,000-per-year consulting contract for up to eight years, paid quarterly in advance ($4 million total).
• $4,586,515 lump-sum cash for severance payment, health benefits and incentive awards that were to be paid for 1997.
• $765,600-per-year pension, starting in 1997.
• Vesting of 298,000 stock options and restricted stock. He netted $6.3 million in the 1997 fiscal year after acquiring 89,000 shares, with remaining stock options then valued at $13 million.
• $210,000 in legal fees to prepare his retirement agreement.
• $25,000 per year fee as “advisory director” on Delta’s board.
• Flight privileges for life for Allen and his family.
• An office and a full-time secretary in Buckhead’s 24-floor Monarch Tower for 10 years. First- year cost was $91,099.
• $408,766 initial cost to design, construct and furnish the office.
• Membership for 10 years in the Commerce Club of Atlanta.
• Membership for 10 years in the East Lake Golf Club, as long as Delta maintains a corporate membership.
• Company car.
• $25,565 for residential security systems.
Holy fuck! Are you kidding me?
Here’s what Clear Channel Communications does for their executives. They have a rolling 7 year contract that renews everyday. If you get fired at anytime, Clear Channel guarantees you salary and bonuses for the rest of the contract. 7 YEARS!
Ok, so yeah let’s pay the executives what they’re worth. While they’re working. When they get fired let them find another job just like everyone else. It’s a hard pill to swallow knowing that someone’s job is in jeopardy because the company would like to save 50 or 60k per year. $60,000 is nothing. A drop in the bucket compared to what almost every major company is prepared to offer their top executives upon termination.
So next time you buy and airline ticket, or pay for advertising space on the radio just know that your money is going to some executive prick’s goddamn golf club membership.
Polar Bears
Posted in Politics with tags Dick Cheney, Eugene OR, George W. Bush, Global Warming, Hummus, Polar Bears on October 2, 2008 by krsSo I see this commercial on TV, in the commercial there’s a middle aged woman with stringy hair wearing very little make up even though she should be wearing make up. She’s really sad and judging by the background music and her solemn tone, this is a serious commercial about serious things. Well the commercial is about something serious. Something very serious. Global warming. Polar bears dying. Ice melting. It’s horrible. After watching this commercial I’m ready to sell both cars, and the house, move to Eugene Oregon to live in a tent in the middle of an old growth forest only emerging to protest loggers or to buy hummus. Ok back to the commercial, the woman goes on to say that the entire polar bear population will be gone in our children’s lifetime.
Now I’m not sure where those facts come from or what the facts are. It’s hard to tell because there are so many different studies done by different scientists that have completely different results. Those to the far right would have you believe there’s no such thing as global warming. It’s made up. They’ll tell you that 11 of the 13 polar bear populations in Alaska are stable or increasing in number. They’ll tell you there’s no threat to the polar bear’s existence. They’ll say polar bears are so abundant you can’t even drive in most Alaskan cities because of hundreds of polar bears just milling about in the streets. Is that all right? If it Read more »