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Bluzm2
Posted on Monday, April 05, 2004 - 05:23 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Another glowing report from the left side of the isle.......Get real, no facts just the usual spewing.
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Awprior
Posted on Monday, April 05, 2004 - 05:51 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Stingaroo:
HAPPY 23rd BIRTHDAY!!!
I'll have a few brews for you tonight!
Alex
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Jim_witt
Posted on Monday, April 05, 2004 - 06:19 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Employment Situation Summary

Bankruptcy filings set new calendar year record in 2003.

Unemployed persons by reason for unemployment

Unemployed persons by duration of unemployment.



A little humor.

-SD:

edited by jim_witt on April 05, 2004
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Stingaroo
Posted on Monday, April 05, 2004 - 08:24 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Hey Alex thanks man. Glad you made it back ok. I am not feeling too much older, I am going to probably head out here in a few for some brewskis
Brian
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Amazing_nobody
Posted on Monday, April 05, 2004 - 11:11 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Brewskis and you didn't tell me, and you are sitting right here, what the heck, what you don't have any money?, dude, its your b-day i would buy!
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Jim_witt
Posted on Tuesday, April 06, 2004 - 07:12 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Many Firms Avoided Taxes in Boom


April 6, 2004: 7:32 AM EDT

WASHINGTON: More than 60% of U.S. corporations didn't pay any federal taxes for 1996 through 2000, years when the economy boomed and corporate profits soared, Tuesday's Wall Street Journal reported, citing the investigative arm of Congress.

The disclosures from the General Accounting Office are certain to fuel the debate over corporate tax payments in the presidential campaign. Corporate tax receipts have shrunk markedly as a share of overall federal revenue in recent years, and were particularly depressed when the economy soured. By 2003, they had fallen to just 7.4% of overall federal receipts, the lowest rate since 1983, and the second-lowest rate since 1934, federal budget officials say.

The GAO analysis of Internal Revenue Service data comes as tax avoidance by both U.S. and foreign companies also is drawing increased scrutiny from the IRS and Congress. But more so than similar previous reports, the analysis suggests that dodging taxes, both legally and otherwise, has become deeply rooted in U.S. corporate culture. The analysis found that even more foreign-owned companies doing business in the U.S. -- about 70% of them -- reported that they didn't owe any U.S. federal taxes during the late 1990s.

The basic federal corporate-tax rate for big corporations is 35%. But the federal tax code also offers many credits and loopholes that allow many companies to pay far less than that.

Despite the rising rate of tax avoidance among corporations, collections from the federal corporate income tax rose to more than $200 billion in 2000, from $ 171 billion in 1996. But over the next three years they fell each year, reaching $131.8 billion in 2003 -- the lowest annual total since 1993. They are projected to reach $168.7 billion this year.


Just goes to show that corporations only care about themselves and our tax structure caters to the rich and successful.

-JW:
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Jim_witt
Posted on Tuesday, April 06, 2004 - 07:21 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

U.S. businesses announced 68,034 job cuts in March

Here is a list of companies that are "Exporting America." These are U.S. companies either sending American jobs overseas, or choosing to employ cheap overseas labor, instead of American workers.

3Com
3M

A
Aalfs Manufacturing
Accenture
Adaptec
ADC
Adobe Systems
Advanced Energy Industries
Aetna
Affiliated Computer Services
AFS Technologies
A.G. Edwards
Agere Systems
Agilent Technologies
AIG
Alamo Rent A Car
Albertson's
Alcoa Fujikura
Allen Systems Group
Alliance Semiconductor
Allstate
Alpha Thought Global
Altria Group
Amazon.com
AMD
American Dawn
American Express
American Household
American Management Systems
American Standard
AMETEK
Amphenol Corporation
Analog Devices
Anchor Glass Container
ANDA Networks
Andrew Corporation
Anheuser-Busch
AOL
A.O. Smith
Apple
Applied Materials
Art Leather Manufacturing
ArvinMeritor
Ashland
Asyst Technologies
A.T. Cross Company
AT&T
AT&T Wireless
A.T. Kearney
Augusta Sportswear
Automatic Data Processing
Avanade
Avanex
Avaya
Avery Dennison
Axiohm Transaction Solutions

B
Bank of America
Bank of New York
Bank One
Bassett Furniture
Bassler Electric Company
BearingPoint
Bear Stearns
Bechtel
Becton Dickinson
BellSouth
Bentley Systems
Berdon LLP
Best Buy
BISSELL
Black & Decker
Bose Corporation
BMC Software
Boeing
Braden Manufacturing
Bristol-Myers Squibb
Brocade
Bumble Bee
Burle Industries
Burlington House Home Fashions

C
Cadence Design Systems
Candle Corporation
Capital One
Cardinal Brands
Carrier
Carter's
Caterpillar
Celestica
Cendant
Cerner Corporation
Charles Schwab
ChevronTexaco
CIBER
Ciena
Cigna
Circuit City
Cisco Systems
Citigroup
Clorox
CNA
Coca-Cola
Cognizant Technology Solutions
Collins & Aikman
Columbia House
Comcast Holdings
Computer Associates
Computer Horizons
Computer Sciences Corporation
CompuServe
Continental Airlines
Convergys
Cooper Crouse-Hinds
Cooper Tire & Rubber
Cooper Tools
Corning
Corning Cable Systems
Countrywide Financial
COVAD Communications
Cross Creek Apparel
Crown Holdings
CSX
Cummins
Cypress Semiconductor

D
Dana Corporation
Daniel Woodhead
Daws Manufacturing
Dayton Superior
DeCrane Aircraft
Delco Remy
Dell Computer
DeLong Sportswear
Delphi
Delta Air Lines
Delta Apparel
Direct TV
Discover
Document Sciences Corporation
Donaldson Company
Dow Chemical
Dresser
Dun & Bradstreet
DuPont

E
Earthlink
Eastman Kodak
Eaton Corporation
Electroglas
Electronic Data Systems
Electronics for Imaging
Eli Lilly
Elmer's Products
E-Loan
EMC
Emerson Electric
En Pointe Technologies
Equifax
Ernst & Young
Ethan Allen
Evolving Systems
Expedia
Extrasport
ExxonMobil

F
Fairfield Manufacturing
Fair Isaac
FCI USA
Fedders Corporation
Federal Mogul
Federated Department Stores
Fellowes
Fender Musical Instruments
Fidelity Investments
Financial Techologies International
First American Title Insurance
First Data
First Index
Flowserve
Fluor
FMC Corporation
Ford Motor
Foster Wheeler
Franklin Mint
Franklin Templeton
Freeborders
Frito Lay
Fruit of the Loom

G
Gateway
GE Capital
GE Medical Systems
General Electric
General Motors
Georgia-Pacific
Gerber Childrenswear
GlobespanVirata
Goldman Sachs
Goodrich
Goodyear Tire & Rubber
Google
Greenpoint Mortgage
Greenwood Mills
Guardian Life Insurance
Guilford Mills

H
Haggar
Halliburton
Hamilton Beach/Procter-Silex
The Hartford Financial Services Group
Hasbro Manufacturing Services
Haworth
Headstrong
HealthAxis
Hedstrom
Helen of Troy
Hershey
Hewitt Associates
Hewlett-Packard
The Holmes Group
Home Depot
Honeywell
HSN
Hubbell Inc.
Humana
Hunter Sadler
HyperTech Solutions

I
IBM
iGate Corporation
Illinois Tool Works
IMI Cornelius
IndyMac Bancorp
Infogain
Ingersoll-Rand
Innodata Isogen
Innova Solutions
Intel
InterMetro Industries
International Paper
Intuit
Invacare
ITT Educational Services
ITT Industries

J
Jabil Circuit
Jacobs Engineering
Jacuzzi
JanSport
JDS Uniphase
Jockey International
John Deere
Johns Manville
Johnson Controls
Johnson & Johnson
JPMorgan Chase
J.R. Simplot
Juniper Networks
Justin Brands

K
KANA Software
Kaiser Permanente
Kanbay
Keane
Kellogg
Kellwood
KEMET
KEMET Electronics
Kenexa
Kentucky Apparel
KeyCorp
Kimberly-Clark
KLA-Tencor
Kraft Foods
Kulicke and Soffa Industries
Kwikset

L
Lands' End
Lawson Software
Lear Corporation
Lehman Brothers
Levi Strauss
Lexmark International
Lifescan
Lillian Vernon
Linksys
Lionbridge Technologies
Lionel
Littelfuse
LiveBridge
LNP Engineering Plastics
Lockheed Martin
Louisiana-Pacific Corporation
Lowe's
Lucent

M
Magnequench
Magnetek
Maidenform
The Manitowoc Company
Manugistics
Marathon Oil
Maritz
Marshall Fields
Mattel
Master Lock
Maxim Integrated Products
Maytag
McDATA Corporation
McKinsey & Company
MeadWestvaco
Medtronic
Mellon Bank
Merrill Corporation
Merrill Lynch
Metasolv
MetLife
Microsoft
Midcom Inc.
Milacron
Moen
Monsanto
Morgan Stanley
Motor Coach Industries International
Motorola

N
Nabco
Nabisco
NACCO Industries
National City Corporation
National Life
National Semiconductor
NCR Corporation
neoIT
NETGEAR
Network Associates
Newell Rubbermaid
New York Life Insurance
Nike
Nordstrom
Northrop Grumman
Northwest Airlines
Nu-kote International

O
Office Depot
Ohio Art
ON Semiconductor
Orbitz
Oracle
OshKosh B'Gosh
Otis Elevator
Outsource Partners International
Owens Corning
Oxford Automotive
Oxford Industries

P
Pacific Precision Metals
palmOne
Paramount Apparel
Parker-Hannifin
Parsons E&C
Pearson Digital Learning
PeopleSoft
PepsiCo
Pericom Semiconductor
PerkinElmer
Perot Systems
Pfizer
Pinnacle West Capital Corporation
Pitney Bowes
Plaid Clothing Company
Planar Systems
Plexus
PL Industries
Polaroid
Portal Software
Power One
Pratt & Whitney
Price Pfister
Primus Telecom
Procter & Gamble
ProQuest
Providian Financial
Prudential Insurance

Q
Quaker Oats
Quark
Qwest Communications

R
Radio Flyer
Radio Shack
Rainbow Technologies
Rawlings Sporting Goods
Raytheon Aircraft
RCG Information Technology
Red Kap
Regence Group
Rockwell Automations
Rogers
Rohm & Haas
RR Donnelley & Sons
Rugged Sportswear
Russell Corporation

S
S1 Corporation
Sabre
Safeway
SAIC
Sallie Mae
Samsonite
Sanford
Sanmina-SCI
Sapient
Sara Lee
Saturn Electronics & Engineering
SBC Communications
Schumacher Electric
Scientific Atlanta
SEI Investments
Seton Company
Siebel Systems
Sierra Atlantic
Sikorsky
Silicon Graphics
SITEL
Skyworks Solutions
SMC Networks
SML Labels
SoftBrands
Sola Optical USA
Solectron
Sovereign Bancorp
Sprint
Sprint PCS
Square D
Stanley Furniture
Stanley Works
Starkist Seafood
State Farm Insurance
State Street
Steelcase
StorageTek
StrategicPoint Investment Advisors
Sun Microsystems
Sunrise Medical
SunTrust Banks
Supra Telecom
Sure Fit
SurePrep
The Sutherland Group
Sykes Enterprises
Symbol Technologies
Synygy

T
Target
Tecumseh
Telcordia
Teleflex
TeleTech
Telex Communications
Tellabs
Tenneco Automotive
Teradyne
Texas Instruments
Textron
Thomas & Betts
Thomasville Furniture
Thrivent Financial for Lutherans
Time Warner
The Timken Company
The Toro Company
Tower Automotive
Toys "R" Us
Trans Union
Travelocity
Trinity Industries
Triquint Semiconductor
TriVision Partners
Tropical Sportswear
TRW Automotive
Tumbleweed Communications
Tyco Electronics
Tyco International

U
Union Pacific Railroad
Unisys
United Airlines
UnitedHealth Group Inc.
United Online
United Technologies
USAA

V
Valence Technology
VA Software
Veritas
Verizon
VF Corporation
Viasystems
Vishay
Visteon
VITAL Sourcing

W
Wachovia Bank
Warnaco
Washington Group International
Washington Mutual
WellChoice
Werner Co.
West Corporation
Weyerhaeuser
Whirlpool
White Rodgers
Williamson-Dickie Manufacturing Company
Wolverine World Wide
Woodstock Wire Works
WorldCom
World Kitchen
Wyeth

X
Xerox
Xpitax

Y
Yahoo!
York International

Z
Zenith

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Bikerjim99
Posted on Tuesday, April 06, 2004 - 09:57 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Hello all


Well, I've got my first problem with my 1999 S3. Out of the blue, it won't stay running. I parked it last week after a nice ride, and now it will only run about 5 to 10 seconds, at idle. You cannot give it any throttle, or it dies immediately. Never had anything like this happen before. Checked wiring, all seems OK. Anyone have any ideas?
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Blake
Posted on Tuesday, April 06, 2004 - 09:58 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Jim,
You are way over the top on the issue of corporate America and outsourcing. You are not considering the big picture. Why should corporations pay tax anyway? Why not just tax individuals? Some countries do just that. Is it a wonder that corporations like to move their headquarters to such countries?

The outsourcing issue is a fearmongering scheme of the democrats to scare voters. Nothing more.

Do you remember what a new television cost round about 1985? I recall shopping for the absolute best deal around and paying $360 for a 19" Mitsubishi mono-aural model with no remote in 1985. Today you can buy a new stereo 27" flat-screen for that same amount, or in 1985 dollars a BUNCH less. The same is true for many big ticket consumer items... computers, cars, cameras, stereos, home theatres, tires, GASOLINE, FOOD, MOTORCYCLES. : )

Why do you think that is? What effect on personal affluence would that have? America does not tolerate stagnation. Mundane jobs go oversees as new high tech jobs are created. Look at our productivity compared to ANY other country in the world. We don't ahve time to waste doing the jobs that others are willing to do so much more cheaply.

You didn't report how many jobs were created by some companies. Dwell on the negative and the world inevitably turns to shit. Focus on the positive, defend against the negative, and the world is your oyster.

For an interesting expert commentary in opposition to your own apparent fatalistic views, please consider the following...

http://www.nationalreview.com/script/printpage.asp?ref=/nrof_canto/canto20040406 0834.asp
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Iamike
Posted on Tuesday, April 06, 2004 - 10:34 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Blake,
Don't worry, I just skip past his posts and don't bother to read them (except that link to the Chernobyl thing, that was neat.)

BikerJim-
That sounds familiar to a problem I had with a bike once but I can't recall what the cause was. Maybe in my sleep it will come to me.
I just opened up my '99 S3 with 38,000mi. on it. I was starting to leak a little oil from the rear head and wanted the fix it before summer hits. The combustion part of the gasket was fine but the sealing part around the stud had broken loose. The heads, jugs & pistons all looked real good. I just have a little evidence that the rear exhaust valve seal was also starting to go too.
Those darn rear cylinders.
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Dino
Posted on Tuesday, April 06, 2004 - 10:42 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

I've never been able to get a handle on taxes on corporate profits. How is it profits, unless it's goes into the owners' pocket(s)? If you own a yard service, don't you only pay taxes on profits that you take from the business? Aren't revenues that are plowed back into the business as expenses (capital expenditures, advertising, maintenance, product development, etc.) deducted from the gross to get the net, taxable income which has gone into the owner's pocket? I can't see how corporate revenues should be considered taxable income unless it is paid to the owners' (read shareholders) as dividends. To tax the revenue once when earned by the company and again when paid as dividends to the shareholders would seem to be a pretty clear case of double taxation. Double taxing the revenues doesn't exactly seem like a great way to encourage people to put up capital (buy stock) to build American businesses thereby creating jobs.

I'm sure as hell not rich, but I do own a very little stock in quite a few companies. Jim Witt, can you explain to me why I should be feeling really badly about this corporate tax thing? What am I missing?

Dino

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Blake
Posted on Tuesday, April 06, 2004 - 11:07 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Dino,
Not all corporations are publicly held. But that just means that the number of shareholders is limited. Your point remains the same. Will be interesting to hear Jim's response. I think we got him thinking on it. : )
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Pammy
Posted on Tuesday, April 06, 2004 - 11:28 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Not only does the G'ment tax business on the amount of money they may have in the bank at the end of a fiscal year, they also look at your inventory as money in your pocket.Dead inventory or not...you have to pay. You are taxed on the estimated worth of your tangible property. And of course your "intangible" assets.

Naturally you pray that you can cover the taxes after the insurance companies get thru with you.

Aaaah, just a few of the joys of the business owner....
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Loki
Posted on Wednesday, April 07, 2004 - 12:02 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Hi Pammy!
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Dino
Posted on Wednesday, April 07, 2004 - 12:17 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Not all corporations are publicly held.

Blake,
Very true. Coincidentally, I spent time in the bank today for no other purpose than to transfer money to a checking account in order to pay Calif. minimum corporation taxes for three corporations that make no profit whatsoever. All operating revenues are collected thru assessments levied against the shareholders. Well, that's not quite true...they probably made around $10 each in interest on savings accounts. Minimum corporation tax is $800/annum.
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Dino
Posted on Wednesday, April 07, 2004 - 12:42 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Whew...if I counted correctly I own stock in 21 corps on the Witt bad list. Probably all the rest thru mutual funds. And our household income is likely barely middle of middle class. But I have stock in Vodaphone and they're not on the bad list. Of course that's only 'cause it's a foreign corporation. Hey, maybe they're exporting jobs to the U.S.!

"Just goes to show that corporations only care about themselves and our tax structure caters to the rich and successful."

Hehehe. Yep, that's me...I have a 1986 Honda Accord in the driveway. Got that baby by exploiting the huddled masses.
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Jim_witt
Posted on Wednesday, April 07, 2004 - 01:03 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Damn, looks like I'm wrong either way. I'm either focusing on the negative or living in reality.

Anothers opinion

-JW:


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Jim_witt
Posted on Wednesday, April 07, 2004 - 01:11 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Dave asked:
...... can you explain to me why I should be feeling really badly about this corporate tax thing?


Nope, that would be like me trying to explain to you why the chicken crossed the road. <grin>

-JW:>; )
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Fullpower
Posted on Wednesday, April 07, 2004 - 01:58 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Dino california is a socialist country. relocate your corporate entities to Nevada, or Texas. or one of the free states. start a petition to cede california back to mexico. they already speak the language.
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Blake
Posted on Wednesday, April 07, 2004 - 03:32 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Jim,
So you would rather pay $600 for a new made in the USA TV than $300 for an import? How is that good for Americans?

From your CNN opinion piece...

quote:

Our labor force is not better trained, harder working, or more innovative than our foreign competitors. The argument that we will create new jobs in highly paying fields simply is not true. We have no comparative advantage or superiority in innovation. To assume that we are inherently more creative than our foreign competitors is both arrogant and naive. We are currently empowering our competition with the resources to innovate equally as well as we. Consider the number of new non-native Ph.D.s that leave our universities each year; consider our low rank in the education of mathematics and the sciences; and consider the large number of international students enrolled in our most difficult technical degree programs at our most prestigious universities.




Given the well documented and well known FACT that America is hands down by a HUGE margin THE most productive country on the face of the earth, I have trouble believing any of the above. The author makes a lot of belicose statements with absolutely no supporting evidence. Adn mostly, his assertions are simply inane and I'll show you why...

Liberals love to hold up our students' comparative "low rank" in math and science testing as evidence of coming doom and gloom for America. It is terribly upsetting to think that our students are subpar, scoring near the bottom of the pack of developed countries. And to put it in such hollow terms indeed leaves that impression with many people who are then filled with consternation over their perception of our uncompetitive/inferior education system's performance.

But let's disect the issue more carefully, or just plain carefully since the author of the CNN piece provided absolutely no such thoughtful/meaningful analysis, prefering instead to simply toss out the scary sounding fearmongering statement that we should "consider our low rank in the education of mathematics and the sciences." WOOOOOOOOOO! SCAAAARRRREEEEEE!!!! GLOOM AND DOOOOOOOMMMMM!!!!!

But really is it? Nope. Here's why... If you finish last in a world class performing group, but your performance is exceptional, is your state so dire? No, the fact is that you earned a top grade, say a 95, while some earned a slightly better top grade, like a 96 or 97 or even a 98. Is there a problem? No. Could we improve? Maybe, but it is neither a crisis nor a problem if we do not.

America has more nobel laureates than any other country. That trend does not appear to be subsiding. America is the most productive country on the face of the earth. That trend does not appear to be waning. America has more and better institutions of higher learning than anywhere else in the world; THAT is what attracts so much foreign INVESTMENT (tuition) to American universities and why so many foreign students are eager to persue advanced degrees from American Universities. How many prospective students exist outside America? How many inside America? DUH! We attract the very BEST minds from the entire world. We attract them because we are indeed THE world leader in innovation.

The author in my opinion is wrong on all accounts.

He further states...

quote:

Most of our best, high-paying jobs can be exported.

doctors (even surgeons)
mathematicians
accountants
financial analysts
engineers
computer programmers
architects
physicists
chemists
biologists
researchers of all types




Exported or outsourced? I'm not sure what the author means. If he means "outsourced", how the hell can we outsource medical care???

Most engineers need to be where the factory or final product is being manufactured. Most engineering jobs cannot be reliably outsourced. Architects must absolutely be on-site. The vast majority of Architects cannot be outsourced.

Some industries and the countries that leads them

Aircraft... America
Computers... America
Software/IT... America
Advanced Weapons Systems... America
Satellite Communications... America
Space Exploration... America
Medicine... America
Higher Education... America
Entertainment... America

"Our trading problem is an externality"? From the narrow view of a solely American economy maybe. So what? From the view of a world economy? :/ A global economy is what we have and there is no changing it. Wishing for protectionism at this point is a futile exercise. The individual states of America used to wring there hands over the EXACT same issues. How do you think Texas got so much industry and high tech? Labor down here was WAY cheaper than in NYC, LA, or Chicago. It still is, but no so much so as it once was.

Jim,
Here's the simple outline of it all. If gloom and doom economics happens to America, we won't be able to afford all the imports, the economy then crashes, where then does that leave all the people in other countries who where once helping supply products and services to us? It is a global economy my friend. Don't sweat it, cause you damn sure cannot change it. Just like the high tech industry that moved to Texas long ago, the same will happen to some extent on a global scenario. Our advantage IS our superior productivity, our superior education system, and our ability to innovate.

That author of the CNN (communists' news network) didn't even present a coherent argument, just a bunch of opinons and some unrelated observations. It was an externality to the serious debate about outsourcing. LOL
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Blake
Posted on Wednesday, April 07, 2004 - 03:40 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Oh and don't think for one minute that if American companies don't take advantge of outsourcing that their foreign competition won't either. Their competition ABSOLUTELY will. Their competition will thus be able to achieve significantly higher profits. Can you say "American companies go belly up"? Cause that is the only alternative to outsourcing.

From your CNN associate professor/author...

quote:

The net effect of all of this is lower costs, higher revenue, higher profits, higher stock prices, bonuses for management, and the creation of wealth for a subclass that benefits from low taxes at the expense of the rest of us.



Lower costs...
higher revenue...
higher profits...
higher stock prices (higher value of corporations)...
bonuses for mgt...
the creation of wealth for a subclass that benefits from low taxes at the expense of the rest of us... HUH???

Explain that one please. Most of my retirement funds are invested in a myriad of stocks.

That creation of wealth thing is so bad. We cannot have that. The dude is a communist, I guarantee it.
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Blake
Posted on Wednesday, April 07, 2004 - 03:41 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Rory L. Terry is an associate professor of Finance at Fort Hays State University

A real heavyweight in the world of economics that one. yeah right rolleyes
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Court
Posted on Wednesday, April 07, 2004 - 04:39 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

>>>So you would rather pay $600 for a new made in the USA TV

Isn't that a myth like the "Union Made" t-shirt?

I was of the impression that the last American made TV was a number of years ago.

Court
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Ara
Posted on Wednesday, April 07, 2004 - 07:46 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

BikerJim99 - Don't mind them. They'll get back to motorcycles eventually. At a guess, I'd say that you have a fuel mixture problem that produces a too-rich condition.
Russ
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Glitch
Posted on Wednesday, April 07, 2004 - 08:01 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Coca-Cola?
How can you export over seas when the business is as world wide as Coke? Sure they've laid of a lot of folk here since I've been here, but what you don't hear about is all the folk that get hired back or new folk brought in the followin quarter.
As far as taxes go, to me, the solution is this. If this would get passed then you'd have over seas businesses clamering to move here. Please read all about the fair tax before crying that it's a value added tax, it's not, and it's the only solution that I can find that IMHO would really work.
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Glitch
Posted on Wednesday, April 07, 2004 - 08:03 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Oh, and as far as corps not paying taxes, they never do, you do it for them when they pass it along to you in higher prices.
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Phillyblast
Posted on Wednesday, April 07, 2004 - 08:08 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

It's my fault Court - I'm an anti-lucky charm. I lived in Jersey when GE/RCA closed there, and then when I moved just outside Bloomington, IN RCA closed it's TV plant there. ; )
I'm pretty sure the largest employer in the City of Philadelphia is . . . The City of Philadelphia. No problem there, huh?
Pammy - my brother runs his own biz - fleet towing, storage, repos - it ain't even the taxes that kill him, it's insurance, like you said. Both on his trucks and health insurance. 'nother friend of mine owns a shop, he goes without health insurance, can't afford it. He's playing with fire and he knows it, but . . . keeps talking about folding the shop and going to work for a stealership. Boy I get so mad at those darn commie liberals that want to figure out a way to have affordable health insurance so more people can start small businesses. ; ) I know that's the big hurdle I'm facing right now. I'm getting married in the fall, and when I go on the wife's bennies we'll see what happens.
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Jmartz
Posted on Wednesday, April 07, 2004 - 08:19 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

I an very familiar with the fact the the best trained people in the US are foreigners. While in graduate school at Georgia Tech I was one of just a handful of native Americans (and I do nor mean indians). The vast majority were Chinese and even I was marginally native as Puerto Ricans are only legally native.
There is not a lot of interest amongst our young to pursue carrers in the sciences. The money is not good, the training sucks and at the end the orientals beat your ass academically anyway.
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Court
Posted on Wednesday, April 07, 2004 - 09:00 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

We, ladies and gentlemen, are but part of a world economy.

We are a BIG part, but none the less A part.

This goes back to McConnell 101 and the guns and butter optimization models.

Call Microsoft to ask a question. Make your first question to the tech support person "where in India are you?". The gal I spent 4 hours on the phone with last week was in Delhi.

Find me a Wall Street Clearing House that is not in Ireland. Whenver Vickie is in her London office, she always takes one day to go to Dublin. Great education, low cost of living and very productive work force.

"Made in the USA" is something I am very proud of. We have developed a distribution system that is the envy of the world. Other countries, however, have also developed key components. All play a part in the big picture. I mean, who wants an "exotic sports car" made in North Dakota?

Kapisch?

Court
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Bomber
Posted on Wednesday, April 07, 2004 - 09:12 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Blake, after subtracting your political invective (I've developed a pretty good filter for that, bts {grin}), I agree with many of your points . . . .

the USA has exported not only jobs, but entire industries since the end of WW2 (it was called the Marshall Plan then), but the fact is that things have chaged a bit lately . . . it's not only "mundane" jobs that are moving off-shore today, it's also many jobs that require advanced courses of study to qualify for (as you and I have traded posts on before) . . . . whether or not this is a good thing is, at the core of it, I believe, dependant on whether you're employed, threatened by the exporting of your job, and where you stand on the nonesense that both mainstream parties are spouting . . .

I used to work for 3Com (listed in Mr Witt's list, above) whcih purchased USRobnotics (of whom I was an employee) -- 3Com spent the next 5 years dismantling a company, laying off working across the board (from the kid on the shipping dock to the Senior VP of product development) in the name of "shareholder value." They had, a year or so ago (when I stoppped paying attention) cash reserves the size of which the US gubmint would envy, but basically did nothing in the US except sell stuff -- damn near everything else had moved off shore . . .. tough to argue the benefits of that with the approxiamtely 12000 people who lost their jobs (many of whom are still trying to replace those jobs three years later)

the democrats are crying the end of the world -- it's an election year, for goodness sakes, what did you expect . . . .

the repuiblicans continue to spout the "voodoo economics" (a republican term, if your memory is long enough) will benefit everyone . . . ..

ya pays yer money and ya takes yer chances . . . the end of this passion play will be a truely world economy, which is a wonderful thing (you ain't likely to bomb the folkks that supply all your bread, I'm thinkin) but a large number of folks won't be able to buy that cheap TV or send their kids to school in the mean time, cuz they'll be out of work
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