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patientrenter
Participant[quote=Scarlet]Not bad.
I would add:
Throw in trade restructuring. If not then any new version of GM will just suffer the same injustices the current incarnation has.
Japan has managed to lower the value of the Yen vs the Dollar by 12% this year alone. We need some sort of strategy to deal with those types of things.
Healthcare needs to be dealt with too. How can GM ever compete if the Japanese Government pays healthcare for Toyota, Honda, etc. workers? Dito Germany for BMW, Mercedes……
We don’t want GM walking out of the ER nice and healthy only to be hit by the same truck.[/quote]
The yen is still stronger than it was for most of 2008.
Scarlet, if Toyota and Honda etc. don’t have to bear the costs of health care for their workers, then who is paying for that health care?
If it’s the Japanese government, then does that mean it’s cost-free to the people of Japan? Of course not. The cost of the health care for all the people of Japan is borne by the people (taxpayers) of Japan. That includes Toyota and its workers, and it suppliers and their workers, etc. If Toyota and its workers pay $5,000 per worker in taxes to the government for health care for those workers, that has the same long-term economic impact on Toyota and its workers as a direct payment of $5,000 from the company to the health care providers.
Why is it so hard for people to understand that government, or insurance, or any other delivery mechanism for health care, does not provide a free lunch. THERE IS NO FREE LUNCH. The only thing that will help reduce the burden of health care on our pockets and competitiveness is reducing how much we spend on it, not changing who spends it.
Sorry to be brutal, Scarlet, but sometimes I wish that every voter was required to meet economic literacy tests. We can no longer afford the luxury of making big decisions on our economy based on uninformed populism.
Participant[quote=Scarlet]Not bad.
I would add:
Throw in trade restructuring. If not then any new version of GM will just suffer the same injustices the current incarnation has.
Japan has managed to lower the value of the Yen vs the Dollar by 12% this year alone. We need some sort of strategy to deal with those types of things.
Healthcare needs to be dealt with too. How can GM ever compete if the Japanese Government pays healthcare for Toyota, Honda, etc. workers? Dito Germany for BMW, Mercedes……
We don’t want GM walking out of the ER nice and healthy only to be hit by the same truck.[/quote]
The yen is still stronger than it was for most of 2008.
Scarlet, if Toyota and Honda etc. don’t have to bear the costs of health care for their workers, then who is paying for that health care?
If it’s the Japanese government, then does that mean it’s cost-free to the people of Japan? Of course not. The cost of the health care for all the people of Japan is borne by the people (taxpayers) of Japan. That includes Toyota and its workers, and it suppliers and their workers, etc. If Toyota and its workers pay $5,000 per worker in taxes to the government for health care for those workers, that has the same long-term economic impact on Toyota and its workers as a direct payment of $5,000 from the company to the health care providers.
Why is it so hard for people to understand that government, or insurance, or any other delivery mechanism for health care, does not provide a free lunch. THERE IS NO FREE LUNCH. The only thing that will help reduce the burden of health care on our pockets and competitiveness is reducing how much we spend on it, not changing who spends it.
Sorry to be brutal, Scarlet, but sometimes I wish that every voter was required to meet economic literacy tests. We can no longer afford the luxury of making big decisions on our economy based on uninformed populism.
Participant[quote=Scarlet]Not bad.
I would add:
Throw in trade restructuring. If not then any new version of GM will just suffer the same injustices the current incarnation has.
Japan has managed to lower the value of the Yen vs the Dollar by 12% this year alone. We need some sort of strategy to deal with those types of things.
Healthcare needs to be dealt with too. How can GM ever compete if the Japanese Government pays healthcare for Toyota, Honda, etc. workers? Dito Germany for BMW, Mercedes……
We don’t want GM walking out of the ER nice and healthy only to be hit by the same truck.[/quote]
The yen is still stronger than it was for most of 2008.
Scarlet, if Toyota and Honda etc. don’t have to bear the costs of health care for their workers, then who is paying for that health care?
If it’s the Japanese government, then does that mean it’s cost-free to the people of Japan? Of course not. The cost of the health care for all the people of Japan is borne by the people (taxpayers) of Japan. That includes Toyota and its workers, and it suppliers and their workers, etc. If Toyota and its workers pay $5,000 per worker in taxes to the government for health care for those workers, that has the same long-term economic impact on Toyota and its workers as a direct payment of $5,000 from the company to the health care providers.
Why is it so hard for people to understand that government, or insurance, or any other delivery mechanism for health care, does not provide a free lunch. THERE IS NO FREE LUNCH. The only thing that will help reduce the burden of health care on our pockets and competitiveness is reducing how much we spend on it, not changing who spends it.
Sorry to be brutal, Scarlet, but sometimes I wish that every voter was required to meet economic literacy tests. We can no longer afford the luxury of making big decisions on our economy based on uninformed populism.
Participant[quote=flu]
That’s why i said get everything in an email and get the vin number, and do this for more than one dealer. I’ve haven’t had a problem with dealers honoring sales terms spelled out on an email.
[/quote]
as, listen to flu: quit talking to dealers on the phone and follow the email advice above, getting several dealers all lined up in advance by email for the same day. If you don’t, we will be reading next week how you were disappointed when you showed up at the one dealer and you discovered they changed something on you.
Participant[quote=flu]
That’s why i said get everything in an email and get the vin number, and do this for more than one dealer. I’ve haven’t had a problem with dealers honoring sales terms spelled out on an email.
[/quote]
as, listen to flu: quit talking to dealers on the phone and follow the email advice above, getting several dealers all lined up in advance by email for the same day. If you don’t, we will be reading next week how you were disappointed when you showed up at the one dealer and you discovered they changed something on you.
Participant[quote=flu]
That’s why i said get everything in an email and get the vin number, and do this for more than one dealer. I’ve haven’t had a problem with dealers honoring sales terms spelled out on an email.
[/quote]
as, listen to flu: quit talking to dealers on the phone and follow the email advice above, getting several dealers all lined up in advance by email for the same day. If you don’t, we will be reading next week how you were disappointed when you showed up at the one dealer and you discovered they changed something on you.
Participant[quote=flu]
That’s why i said get everything in an email and get the vin number, and do this for more than one dealer. I’ve haven’t had a problem with dealers honoring sales terms spelled out on an email.
[/quote]
as, listen to flu: quit talking to dealers on the phone and follow the email advice above, getting several dealers all lined up in advance by email for the same day. If you don’t, we will be reading next week how you were disappointed when you showed up at the one dealer and you discovered they changed something on you.
Participant[quote=flu]
That’s why i said get everything in an email and get the vin number, and do this for more than one dealer. I’ve haven’t had a problem with dealers honoring sales terms spelled out on an email.
[/quote]
as, listen to flu: quit talking to dealers on the phone and follow the email advice above, getting several dealers all lined up in advance by email for the same day. If you don’t, we will be reading next week how you were disappointed when you showed up at the one dealer and you discovered they changed something on you.
ParticipantLOL! esmith and urbanrealtor: you are talking at cross-purposes. esmith says when he can’t get good stats on scholastics, but can get good stats on variables that are correlated with scholastics, he uses the other variables to estimate the scholastics.
urbanrealtor reads that esmith says that if you’re black or hispanic, or your parents are unschooled, then you’ll disrupt your schoolmates’ education. Challenges esmith to withdraw comment or be tattooed as “white male racist bigot” – and a suspected Republican to boot!
One of you needs to teach what correlation means, and the other needs to learn what it means. Good luck!
ParticipantLOL! esmith and urbanrealtor: you are talking at cross-purposes. esmith says when he can’t get good stats on scholastics, but can get good stats on variables that are correlated with scholastics, he uses the other variables to estimate the scholastics.
urbanrealtor reads that esmith says that if you’re black or hispanic, or your parents are unschooled, then you’ll disrupt your schoolmates’ education. Challenges esmith to withdraw comment or be tattooed as “white male racist bigot” – and a suspected Republican to boot!
One of you needs to teach what correlation means, and the other needs to learn what it means. Good luck!
ParticipantLOL! esmith and urbanrealtor: you are talking at cross-purposes. esmith says when he can’t get good stats on scholastics, but can get good stats on variables that are correlated with scholastics, he uses the other variables to estimate the scholastics.
urbanrealtor reads that esmith says that if you’re black or hispanic, or your parents are unschooled, then you’ll disrupt your schoolmates’ education. Challenges esmith to withdraw comment or be tattooed as “white male racist bigot” – and a suspected Republican to boot!
One of you needs to teach what correlation means, and the other needs to learn what it means. Good luck!
ParticipantLOL! esmith and urbanrealtor: you are talking at cross-purposes. esmith says when he can’t get good stats on scholastics, but can get good stats on variables that are correlated with scholastics, he uses the other variables to estimate the scholastics.
urbanrealtor reads that esmith says that if you’re black or hispanic, or your parents are unschooled, then you’ll disrupt your schoolmates’ education. Challenges esmith to withdraw comment or be tattooed as “white male racist bigot” – and a suspected Republican to boot!
One of you needs to teach what correlation means, and the other needs to learn what it means. Good luck!
ParticipantLOL! esmith and urbanrealtor: you are talking at cross-purposes. esmith says when he can’t get good stats on scholastics, but can get good stats on variables that are correlated with scholastics, he uses the other variables to estimate the scholastics.
urbanrealtor reads that esmith says that if you’re black or hispanic, or your parents are unschooled, then you’ll disrupt your schoolmates’ education. Challenges esmith to withdraw comment or be tattooed as “white male racist bigot” – and a suspected Republican to boot!
One of you needs to teach what correlation means, and the other needs to learn what it means. Good luck!
March 4, 2009 at 9:48 PM in reply to: Great Article in Vanity Fair by Michael Lewis on Iceland’s amazing bubble #360474Participant[quote=patb]it does mean a regulator does need to make sure
that if a country or it’s private parties borrows in
foreign currency, there is a limit to it, or that
it’s driven by business deal not as currency speculation.[/quote]
We know what the regulators should do, patb, but how do you set up a system that ensures they do it?
For example, we are borrowing large amounts from China with no repayment plan, and we’ve been doing it for some time. That money was pushed back into the US economy, and showed up as ever more inflated asset prices bought on borrowed money.
What are our newly energized regulators doing to stop this unsustainable craziness? Pushing for more and cheaper loans, and resisting drops in inflated asset prices. And vastly expanding their powers to do even more of it. So regulators doing MORE isn’t always the solution. What we need is a system that gets regulators to do the RIGHT things.
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