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UCGal
Participant[quote=CA renter]
Yikes. Didn’t know you worked there.(?) If so, I hope you aren’t affected by this. :([/quote]
I’m ok *this time*. It hit my group. It looks like it was about 10% of employees in San Diego. Lots of rumors that this was just the beginning. But rumors come and go…I’m getting my backup plan in order, just in case.
Participant[quote=walterwhite]Still, no one likes to be called Harry howmuchamonth. What is his opposite? Neil kashkarry?[/quote]
Love your wordplay, WW.(for those that didn’t get it – look him up with his name spelled right.)
ParticipantI guess since it’s in the 10Q – it’s public knowledge.
Item 5. Other Information.
On October 24, 2011, Company management approved a workforce reduction action under which the Company will record a net pre-tax charge to earnings during the quarter ended December 31, 2011, of approximately $31 million, comprised of $27 million of severance costs related to approximately 800 employees impacted by the action and approximately $4 million of facility exit costs. Both of the Company’s business segments (the Mobile Devices business and the Home business), as well as various corporate functions, are impacted by the action and the action affects employees globally. Under the Company’s employee severance plan, policies or applicable law, severance payments to employees affected by this action will be made substantially over the next 12 months.
They did not waste ANY time. It’s been an interesting week at work. Seems like it was spread across every group.
ParticipantMost new construction in San Diego has backflow preventers on the water supply. We had to put one in for the companion unit. It is a big ugly thing. But it’s function is useful.
For the sewer line for the companion unit I know we have some kind of valve/backflow – but that may be integral with the pumps because it’s below the sewer line and has to pump the dirty water from a pump basin. Not typical at all.
Most places have a stormwater system, also. Would you have a backflow on that, also?
ParticipantI’ve got the book “Retirement Heist” by Ellen Schultz on hold at the library. I saw her on Jon Stewart the other day. Some of the figures might surprise the younger folks here.
In 1990 48% of private sector (non goverment) employees had defined benefit retirement plans. Meaning they had pensions.
In other words pensions were common and expected if you worked for a large employer. I had pensions at every job post college.
Now the powers that be are pitting private sector workers against public sector workers – so that no one will have a pension.
I want my pension BACK. Everytime I’m asked to sign something or support something that will take away pensions for local government I point out that I’m for the idea of defined benefits… Used to be a participant in the private sector. I don’t want all employees to be as screwed over as the private sector.
When you hear GM or UA talk about their pension obligations keep in mind that their employee pension funds are FULLY FUNDED. It’s the executive pensions that are underfunded and are the burden.
I agree that the loading to max out the pensions – gaming of the system – should be addressed. Perhaps make it based on a percentage of 10 years of earnings – not 3… exclude bonuses, etc… But don’t eliminate the pensions entirely.
Participant[quote=AN][quote=flu]Dow’s at 11866… getting closer to 12,000… Then we can get back to the normally scheduled program…[/quote]
11913 at close today.[/quote]
The stock market is not the same as the economy. Too many people confuse or conflate the two.ParticipantPeople are definitely freaking out. I went through this in the first round because one of my sons attend a school in a different cluster. It also had a decent percentage of choice in kids because of it’s seminar program, It survived that round.
Curie is older, I know because I went there when it was new in the early/mid 60’s. Spreckles campus is newer… it started as an all bungalow campus and didn’t get permanent buildings till later.
But, yeah, there’s a lot of email flying about this.
Participant[quote=pri_dk][quote=jpinpb]Just b/c I eventually do buy something does not mean I’m in favor of them controlling our government or shipping our jobs overseas.[/quote]
Where did the 1% get their money?
Did the government just hand it to them?
Or did it come from sales of their products?
Who created the 1% ?[/quote]
The CEO of my company has a base salary of 1.2M before bonus, options, etc. We have been in the red since he came on board a few years ago. And he’s a LOT more competant than his predecessor.Hard to justify salaries of that scope when the company isn’t profitable.
I just hope to still have a job next week.
But he didn’t get the salary on his own… the board gave it to him. Cronyism at it’s best.
October 20, 2011 at 3:48 PM in reply to: Interesting data from the SSA: Wage Statistics for 2010 #731052Participant[quote=AN]Very interesting data UCGal. With all of the anger toward the scheming 1%, I would have thought that # to be much larger than $200k. I wonder how much of the 1% is small biz owners vs wall street execs.[/quote]
Maybe the slogan should change to we are the 99.93768 – to put the line at $1M.Another interesting note. Less than 100,000 people make 1M or more. Out of a country of 300+ Million people.
ParticipantCongratulations!
Participant[quote=Nor-LA-SD-GUY2]July 2011
California ranks in the top five of both categories. Nearly a third of California homeowners with mortgages — 2.1 million families — owe more than their homes are worth, according to CoreLogic. And each of those borrowers is underwater by an average of about $93,000http://articles.latimes.com/2011/jul/31/opinion/la-oe-gelinas-foreclosure-california-20110731
Thanks.
I hadn’t realized you were just talking California. It didn’t fit what I see elsewhere. (midwest, east coast) But it does fit here.Interesting to see that these stats are an improvement over a year ago. Not that it matters if you’re underwater.
Participant[quote=Nor-LA-SD-GUY2]The logic, is that without inflation, we have 30% of mortgage holders (and no most will not be walking away) with approx. 90K in debt over what they could sell for ,meaning they are stuck and they are not going to be in a spending mood for a very long time.
[/quote]I’m curious where you got this statistic. I’m not disputing it – just wondering if it’s accurate.
Participant[quote=EconProf]The occupy wall street demonstrators like to call themselves the 99 percent. I have read there is a counter group organizing calling themselves the 53 percent. That is the % of Americans who pay income taxes. We are in moral hazard territory when 47% of the voters do not pay income taxes and thus have no incentive to rein in government spending and taxes.[/quote]
http://the53.tumblr.com/Started by Erick Erickson of RedState.com
Participant[quote=walterwhite]Do you pay interest on student loans while in school. If you have the money to pay off on graduation, is the loan costfree?[/quote]
My understanding is there are two forms of student loans. The “better” one does not charge interest from the time it’s issued – but is much harder to get. The more easily obtained student loan starts the interest clock from the time of issuance.This is based on listening to people call into financial shows and talk about their debt… Not from personal experience…
A quick google shows it’s a subsidized Stafford loan that has no interest while in school, vs an unsubsidized Stafford loan that starts the interest from the beginning.
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