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lets see you guys jack this one.
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Lets see, how about abortion? Theres a topic we can solve on the internet.
Or maybe smoking. The rights of smokers, or lack of.... Ofcourse politics is a good one too. Atleast it ends up with people calling eachother names, ya big dummy. Ford vs Chevy? EFI vs Carb? You know what I hate? You'll hav't to guess. |
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Looks like my thread got burned again!
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LOL i like that.
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A! G! L! E! S! EAGLES!!! |
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No takers on the NFL?
How about Fed Chairman Bernanke's speech? Quote:
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I'm sure there is point to this waste of MW's bandwidth - but I have yet to see it.
Here's an idea: If anyone doesn't like what other people post and have nothing to add to the discussion, than simply ignore the thread. I do this quite often. It's a real time-saver. This whining over the alleged 'hijacking' of a not terribly interesting thread (about who 'hates' what) is getting ridiculous. Hey, it's the internet: we're on a public messageboard. This isn't a private text-message exchange. That a (mostly dead) thread about what we supposedly 'hate' received few responses and also generated a few lengthy posts about the pros and cons of being a messageboard moderator (I'm not - by choice) is no big deal. Why all the angst? , Let's keep messageboard exchanges in perspective. I like messageboards and expressing my opinions but I don't take any of this stuff very seriously anymore. Life is just too short. :) |
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I sure hope there's not going to be a "pop quiz" on Bernanke's ruminations about domestic productivity and the subsequent effects on the general economy.
Rev |
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I thought Billy Bob only had one tooth, LOL. Rev |
Productivity
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Yes, it is. While I don't pretend to be an expert on economics I can agree with Ben Bernanke's comments that tie 'technology' (mostly, the heavy use of computers and computerized machines) to increased productivity growth in the U.S. That's a no-brainer. Maybe I missed it but he apparently left out the fact that as corporations and even some smaller businesses shrink their workforces through natural attritrion, mergers and lay-offs there are less people doing more work in some instances. That naturally leads to increased 'productivity'. If history is a guide, the newly raised minimum wage, when it kicks in, will probably shrink the lower paid end of the workforce a bit (although, some low-end employees receiving the new minimum wage will be promoted to more responsible positions to justify their mandated increased pay) and further increase productivity as employers will let some minimum wage employees go.Then, fewer workers will be required to do more work for a tiny (if any) raise in pay. However, a higher federal minimum wage usually doesn't have that great of an impact, overall. Many states have mandated minimum wages higher that the federal minimum so this is a moot point for workers in those states. The big-name employers usually pay better than the federal minimum wage, anyway. Even Wal-Mart, that punching bag of the anti-capitalists, supposedly pays it's sales clerks about $8.50 per hour. In a store famous for low prices and scant 'service', how productive are they? Productive enough to be worth over $17,000. (pre-tax) dollars a year to Wal-mart. A business (Big Box retail) that is not known for its high pay - or efficient employees. Productivity is often relative. If employers can keep productivity at current levels and better, even if it involves some spending on newer technology, that's fine. If they have to cut workers and raise prices, negatively affectiing all of us, that's not good. |
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lol then it would look like that 'tow mater' truck on the pixar cartoon 'cars'. |
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Anyone have a extra Donkey they don't need. Its a bitch towing my car with only one.
http://i18.photobucket.com/albums/b1...onkey-Cart.jpg |
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you cant top the bird flu one. the donkey is sub par
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An increase in the minimum wage will ultimately result in less employment at the minimum wage level as employers will cut underperforming, and newly cost inefficient employees... While those opposed to a hike in the minimum wage say that it will lead to rampant inflation... they are wrong because of the competition from the big box stores which already pay well above the Federal minimum wage. These stores will not have to change their practices, but rather the "mom and pop" stores will be forced to eat the impact on margins, or risk being non-competitive with their better capitalized and more efficient competition. Those who are in favor of minimum wage hikes are generally wrong because while they try to use the dynamics of higher wages, they fail to recognize that a U-Scan doesn't get a paycheck... They also fail to recognize that wages are not the only form of compensation. If you mandate a rise in the wage, the employer can just as easily take the difference out of benefits (if you ever worked in a restaurant, think about the "employee meal" that you took for granted... if that is a $5 meal, and it is taken away, you've effectively lost 63 cents per hour of compensation for an 8 hour shift). More for less... you produce more goods with less man hours. Productivity gains are often at their best as the economy takes a downturn and through its early recovery, and layoffs and low capacity utilization allow for investments in efficiency to take hold and newly found synergies as a result of acquisitions and mergers and other consolidations cut through the bureaucratic redundancies, which allow for better margins and better return on capital... As the economy/industry recover... the new highly productive firm expands their production capacity through overtime, outsourcing, adding shift work, and maximizing shift work... This is done using existing machinery on existing floorspace... it is only after all of these are exhausted, does the company resort to expansion plans of increased floorspace and increased machinery. This is extremely important to our business cycle and has become increasingly evident as to its effects. This is exactly why employment figures are a lagging indicator, and why the "jobless recovery" that we kept hearing about in 2003 and early 2004 turned into 4.6% employment that the Fed WAS worried might spawn future inflation. As productivity increases... as logistics continue to improve... as world trade continues to prosper, expect this not to be the anomaly, but the rule. |
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HAHA! As if the Burger King wasn't creepy enough already.
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Although it's been a part of American economic life for almost 70 years now (since 1938), I never really liked the concept of a federally-mandated 'minimum wage'. We don't live in some Dickensonian version of 1840's London whwre 'Scrooge' is the average employer. To me, a job is worth what it's worth. I guess I'm just a 'free-market' guy. I do not believe that government bureaucrats and politicians, few of whom 'live' in the 'real' world , where we all have to compete for jobs and/or business, should be allowed to set wages for private employers, minimum or otherwise. These folks, well-meaning or not, haven't a clue as to what a mandated 'minimum wage' does to the working poor, and they apparently don't care, much, either. A mandated minimum wage doesn't make the poor more affluent or better able to 'keep up with inflation', as some like to claim. It takes away their jobs, in some cases and also insures they can't get a raise because the 'government' already gave them one, thus, stifling incentive, in some cases. I know, in the past, some of the more hardcore left-wing politicians have talked about capping maximum income, but those communist/socialist types have no real constituency, thank goodness. Quote:
Despite the doom-and-gloom we always hear from some anti-Bush (and likely anti-capitalist) voices in the media, the nation's ridiculously but wonderfully low 4.7% unemployment rate for August, 2006 - compared to twice that in most of socialist europe - and the average U.S. worker's pay now over $16. per-hour, demonstrate that it's hardly been a 'jobless recovery', as a few leftist politicians have tried to claim. The bulk of the newly created jobs are not burger-flipper positions for low pay but interesting jobs that pay quite well. Of course, if you are a high-school drop-out you may not get those kinds of jobs, but most people realize that and half the population goes to college today, although not as many actually earn a degree. That is a very foolish choice. However, even an Associates degree beats none at all. Technology skills are also a big asset in today's job market, often exceeding that of simply having a four-year college degree in say, Fine Art Appreciation or, a heavy favorite: 'Communications'. It frustrates me that, probably because of high gas prices (now dropping), a lot of Americans tell pollsters that they think the U.S. economy is 'bad'. That is just nuts. Apparently, the negative stories and some economist's 'warnings' that the economy could 'crash' any day now have done their job of confusing if not fooling the average person who doesn't look past the headlines for economic news. Well, guess what? Saying that a robust economy like ours 'could' crash 'in the future' is like telling an 80 year old man that he 'could' die soon and pretending that is somehow prescient. Hardly. While it's inevitable that our economy may have some dips and slowdowns at some point in the future, that has little bearing on what it is, today....which is strong and expanding. Home prices got a bit out of hand for awhile but the market is correcting and the downward adjustment was expected and does not indicate an economic 'crash', as some predict. I think inflation is a bogyman that is over-rated and will occur to some extent no matter what the Federal Reserve Bank does. However, as I made clear, I'm not an expert on economics so, of course, I could be wrong. Nah! ;) |
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I need a vacation. Be back nxt saturday. Feel free to discuss me :D
http://i18.photobucket.com/albums/b1...0/PICT0002.jpg |
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I would love to be in the state of mind that the dog is in. I could you that vacation. By the way great pictures 460. |
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I think this thread should be only about pictures, they are alot funnier than economics. (The pink flamingo picture is awesome!)
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Ok Im back,
So im at Animal Kingdom Disney wed, when I notice my Jack Russell is part Lion or sumtin. ? WTF!!? http://i18.photobucket.com/albums/b1...0/PICT0002.jpg http://i18.photobucket.com/albums/b1...I460/lion1.jpg |
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A great site for some funny stuff is break.com, great site to waste a bunch of time.
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