Occupy Wall Street protest

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  • Re: Occupy Wall Street protest

    Originally posted by Vlad Drkulec View Post
    I really think that the best thing the government could do would be to open things up to competition from airlines like Spirit and the U.S. airlines and whoever else wants to set up business in Canada. Then when Air Canada wants to have a strike or lockout it wouldn't disrupt all air travellers in Canada and the government wouldn't have to intervene. Given that Air Canada bought out all the competition and has a virtual monopoly in Canada there are sound reasons for the government to get interested when there is a major disruption in air travel. It costs two to three times as much to travel within Canada on Air Canada as it would to make similar trips within the U.S.
    It will keep costing more and more. The arbitrators are giving very generous settlements. Those settlements have to be made up somewhere. There's a conservative government here in Canada so it's not like it's some left wing union oriented political party giving away the national wealth.

    You also have to realize the cost of fuel is a big item and that's going up. I think Air Canada's fuel budget is somewhere around 3 to 3.5 billion a year, or so the guy on TV says.

    In any case, I don't want to be stuck holding if this pig of a company goes under. A small profit is better than a total loss. The time to blow it off is coming.
    Gary Ruben
    CC - IA and SIM

    Comment


    • I suspect that not many will find...

      Originally posted by Bob Gillanders View Post
      this "youtube" clip as amusing or as relevant as I did!

      http://www.youtube.com/watch?v=OAOrT...layer_embedded

      Comment


      • Re: I suspect that not many will find...

        Originally posted by J. Ken MacDonald View Post
        this "youtube" clip as amusing or as relevant as I did!

        http://www.youtube.com/watch?v=OAOrT...layer_embedded
        Hi Ken,

        I found the clip amusing, but not really relevant. Bill Whittle is clearly on the extreme political right and he has prejudged the OWS movement. He ridicules the OWS protestors as a bunch of cry babies with a sense of entitlement who have never had to work a day in their lives. This is nothing more than just mindless rhetoric.

        I visited his website, he clearly loves corporations and hates communists. The trouble is that he is not hearing the message coming from OWS, but instead has prejudged all protestors as corporation hating communists. I would guess he has not visited an OWS site nor spoken to an average protestor.

        Of course protests of these kind attract a variety of characters. We did have two guys carrying a sign for the Communist party, and another two for the Marxists, while a third did try to sell me a newsletter for $2, but no sale. Thankfully we did not have to endure any speeches from them, but instead we did get a few short speeches on native rights and fighting poverty. Other than that, the speeches were on topic, the Robin Hood tax and the abuses of wall street bankers.

        Bill Whittle and others would love to paint the whole OWS movement as just a bunch left wing whiners, but what I saw was mostly just average people who realize our economic system needs some corrective action. Maybe 1% were communists, but 99% of the 99% are just mainstream citizens. Now there was one guy with purple hair, but maybe he was just celebrating Halloween early!

        Comment


        • Re: Occupy Wall Street protest

          A friend sent me an excellent link today.

          http://neweconomicperspectives.blogspot.com/

          There is an excellent video clip entitled "Bill Black's address to occupy LA".
          Bill Black was a regulator involved in prosecuting the savings and loan scandal back in the 80's. He compares some of the current fraud with the savings & loan scandal and how they were able to jail the banksters back then, so why not now?

          Comment


          • More about the financial crisis

            What the "Rich" of the world don't want the 99% to know about!


            http://sacsis.org.za/site/article/728.1
            Christopher Mallon
            FIDE Arbiter

            Comment


            • Re: More about the financial crisis

              Hi Chris:

              Thx. You are right that it is being suppressed. Our apparently independent mainstream press are refusing to give the alternate solution air time.

              Bob A

              Comment


              • Re: More about the financial crisis

                Originally posted by Christopher Mallon View Post
                What the "Rich" of the world don't want the 99% to know about!

                Sounds like a conspiracy. How many people know about this conspiracy?
                Gary Ruben
                CC - IA and SIM

                Comment


                • Re: More about the financial crisis

                  Tough to say. Although 1% of 7 billion people and counting is quite a lot of people ;)
                  Christopher Mallon
                  FIDE Arbiter

                  Comment


                  • Re: More about the financial crisis

                    Originally posted by Christopher Mallon View Post
                    Tough to say. Although 1% of 7 billion people and counting is quite a lot of people ;)
                    The number of people involved is a fair indication of the accuracy of a conspiracy. The more people who know the less chance it's a conspiracy. Or someone would have talked.

                    What's the test for "rich"? I would consider some of those interviewed on TV in regard to the occupy movement as rich. An opposition leader and labour leader.

                    Do you feel the rich are oppressing you? I'm trying to understand this.
                    Gary Ruben
                    CC - IA and SIM

                    Comment


                    • Re: More about the financial crisis

                      Hi Gary:

                      We have been running deficits to keep the 99% afloat. They can't pay to get us into surpluses, so it has to be the 1% paying more, since they can afford it the most.

                      Bob

                      Comment


                      • Re: More about the financial crisis

                        Originally posted by Bob Armstrong View Post
                        Hi Gary:

                        We have been running deficits to keep the 99% afloat. They can't pay to get us into surpluses, so it has to be the 1% paying more, since they can afford it the most.

                        Bob
                        Hi Bob,

                        If the politician didn't make so much money and union dues weren't tax deductible maybe the deficit wouldn't be so high. Whose fault are those things?
                        Gary Ruben
                        CC - IA and SIM

                        Comment


                        • Re: More about the financial crisis

                          Hi Gary:

                          1. we want good people with proven experience to govern - good people make good money in the private sector - we, the people, have to pay a good politician salary to try to attract these people from the private sector.

                          2. I have no problem with the unionized worker getting a minimal tax break - what about the corporate tax loopholes for corporation making big money, and not paying their fair share of taxes?

                          Bob

                          Comment


                          • Re: More about the financial crisis

                            Originally posted by Bob Armstrong View Post
                            Hi Gary:

                            1. we want good people with proven experience to govern - good people make good money in the private sector - we, the people, have to pay a good politician salary to try to attract these people from the private sector.

                            2. I have no problem with the unionized worker getting a minimal tax break - what about the corporate tax loopholes for corporation making big money, and not paying their fair share of taxes?

                            Bob
                            This sounds like an exercise to decide who will get more.

                            From where you sit corporations don't pay their fair share of taxes. From where I sit those getting tax breaks, like unionized workers, aren't paying their share. Also, I don't figure I should have to pay big taxes to so many levels of government so they can pay large salaries for themselves and administration. Why should a non unionized worker who holds down two or three low paying part time jobs have to support tax breaks for unions and high salaries to public officials?

                            Who is oppressing whom?
                            Gary Ruben
                            CC - IA and SIM

                            Comment


                            • Re: More about the financial crisis

                              Originally posted by Gary Ruben View Post
                              Who is oppressing whom?
                              Compensation for top Goldman Sachs executives for 2007:

                              Lloyd Blankfein $70,300,000
                              Gary Cohn $72,500,000
                              Jon Winkelried $ 71,500,000
                              David Viniar $ 58,500,000
                              Edward Forst $ 49,100,000

                              If anyone has more current numbers, please. This is what I found in a hurry. This was before the meltdown in 2008, so, the numbers are probably bigger now!

                              Gary, I am sure there are some union leaders making a good salary too.

                              But, I think you know my answer to your question "who is oppressing whom?"

                              Comment


                              • Re: More about the financial crisis

                                Originally posted by Bob Gillanders View Post
                                Compensation for top Goldman Sachs executives for 2007:

                                Lloyd Blankfein $70,300,000
                                Gary Cohn $72,500,000
                                Jon Winkelried $ 71,500,000
                                David Viniar $ 58,500,000
                                Edward Forst $ 49,100,000

                                If anyone has more current numbers, please. This is what I found in a hurry. This was before the meltdown in 2008, so, the numbers are probably bigger now!

                                Gary, I am sure there are some union leaders making a good salary too.

                                But, I think you know my answer to your question "who is oppressing whom?"
                                Wow people making money in America; how could this happen? How much money did they make for the shareholders in return? I still think executive salaries are primarily a concern for shareholders.

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