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Not all Bonuses Are Bad

Hat tip to Steven Husak:

Not all Bonuses Are Bad.  The company Democrats love to hate:  “Wal-Mart will award $2 billion in extra compensation to approximately 1 million of its hourly workers in the U.S. this year.”

The payouts include bonuses, profit sharing, discounts and 401(k) and stock plan contributions, and represent an increase from the $1.8 billion in bonuses the company distributed to workers last year.

That’s an average of $2,000 per covered employee.  That’s much better than the rescue plan I received from Obama.

Who Determines The Proper Margin?

The NY Times has an editorial about home health care, Costly Home Health Care, writing

Health care reformers have long advocated providing more care to patients in their own homes or communities instead of treating them in costly institutions like hospitals and nursing homes.

Then the editorial goes on to cite abuses and says

(Home health care providers) average margins were about 16.5 percent a year between 2002 and 2007, and, even after some rate adjustments, are expected to exceed 12 percent this year in the midst of a recession.

Just what is the proper margin?  Is it 10%, 6%, 3% or 25%.  The government would like you to believe it can determine accurately the proper margin.  It can’t!  What does happen in the market place is a  swarming to areas of high margins by companies seeking profits.  The large suppliers of any product drives the profit margin down, in the absence of regulation or barriers to entry, and companies who can’t survive at the lower margins fail.

Government meddling restricts competition and rewards failure, and the consumer and tax payer suffer.

Unintended Consequences

Stocks are up this morning.  When I last checked the DJIA was up 314 points, and the financial sector, banks, are strong.  J.J. Hornblass writes that the new rescue program announced this weekend, a public/private partnership, could offer investors and hedge funds 20% to 30% returns.

Here’s the catch:

The big dilemma for investors is simply whether they want to bite on the offer considering all the brouhaha over executive pay. If a hedge fund scores a 30% return on TALF investments, will it be able to take their “2 and 20” or is the government going to come in a tax that retroactively at 90%?

You see, “Greed is good!” but tell the government!  There’s a reason some make huge salaries.  They take risks that would keep most of us awake at night and they want to be compensated.

MarketClub Just Launched New Charts, You’ve Got To See Them

I’ve already updated you on MarketClub’s Trend Analysis service (which I hope you were able to check out) and the video/blog content page, but today I wanted to give you a heads up as I JUST found out they went live with their new charting tool. My inside contact over there gave me a preview and you really need to check it out. No one has better charts then these right now…period!

Visit this link to watch a video on how the charts work.

Here are a few details:

  • Flash based, automatically update with price changes,
  • multiple time periods on one chart, easy to read prices and bars,
  • MarketClub’s Trade Triangle signals, over 230,000 covered symbols, 23 different technical indicators,
  • and oh yeah…THEY TALK TO YOU! Yes the charts literally tell you what’s going on with the symbol you’re looking at. VERY COOL!

Take a few minutes and check out the MarketClub education page to watch the charts in action.

Budget Deficit Is Unsustainable!

The Washington Times reports

Staggering budget numbers released Friday showed President Obama’s budget plans will nearly double the cumulative deficit over the next 10 years…

When George Bush Left office the deficit was approximately $10.5 Trillion. Now we’re looking at a cumulative deficit of $20 Trillion!!!

From the Pittsburgh Post-Gazette:

“This clearly creates a scenario where the country’s going to go bankrupt. It’s almost that simple,” said New Hampshire Sen. Judd Gregg, the senior Republican on the Senate Budget Committee, who briefly considered joining the Obama administration as commerce secretary. “One would hope these numbers would wake somebody up.”

We are headed for bankruptcy, it’s as simple as that, if we do not stop this wild spending and borrowing.

James Tedisco Can Use Your Help

An important election is coming up in 12 days. It pits a Democrat, supported by Nancy Pelosi and her top deputy, Steny Hoyer, against Republican Jim Tedisco. Right now Tedisco is ahead by 4% and he needs your support.

According to Wikipedia,

Tedisco was a frequent critic of former Governor of New York Eliot Spitzer. Tedisco drew attention in 2007 due to his vocal opposition to Spitzer’s plan to allow undocumented immigrants to obtain driver licenses in New York. On November 14, 2007, Spitzer conceded defeat on the license issue. Tedisco called the reversal “a tremendous victory for our constituents.” In October 2007, Tedisco charged that Spitzer had cut funding for health and education programs in the Schenectady area in retaliation for Tedisco’s opposition to the Spitzer driver license plan. Tedisco accused the Governor of “dirty tricks” and “bullying”. A portion of the funding at issue was later restored. Additionally, when Spitzer’s involvement with a prostitution ring surfaced in March 2008, Tedisco called for the Governor’s resignation, and threatened impeachment if Spitzer did not resign. Eliot Spitzer did, in fact, announce his resignation from the office of governor on March 12, 2008.

Sounds like my kind of guy! You can contribute here to his campaign.

I donated and I am not getting paid to write this post. I just think it’s time for a CHANGE.

Maupin, OR – 3.0!

Besides the earthquake swarm in the Hanford area, Maupin is still experiencing quakes. The latest was a 3.0!
MAP 3.0 2009/03/20 15:44:50 45.135N 120.959W 14.9 11 km ( 7 mi) ESE of Maupin, OR

Richland & W. Richland Quakes Near Hanford

The Oregonian finally notices the swarm of earthquakes near Hanford in |Washington.


Barclays lifts 2009 gold price

This forecast for the Gold price in 2009 is worth less than spit in a bucket!

Check out Sneak Peek at our new MarketClub charts

You are going to like the new MarketClub charts: Sneak Peek at our new MarketClub charts

Notice that if you are one of the first annual subscribers you will receive an extra three free months.


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