Posted by Warm Southern Breeze on Saturday, June 28, 2014
“How much is enough?” is a qood question to ask many folks, especially some among the Wall $treet crowd.
And to be certain, the two principles of “the worker is worthy of their hire,” and “You must not muzzle an ox to keep it from eating as it treads out the grain” are equally compelling ethics.
As those two ethics concern our nation’s economy, we can point to times in history where various nations suffered revolution, and the most common causes of revolution.
In fact, I wrote at length about it in this blog in 2011, and observed in part that, “…it’s not as if uproars have never happened before. They happen with great regularity and frequency. In fact, they’re quite predictable. Yes, predictable. It’s called “history.” The maxim goes something like this: “Those who forget the lessons of history are condemned to repeat them.” And so, any reasonable or prudent person should ask, “What are the lessons of history?””
Just remember this: Food, Clothing, Shelter. If you can’t get them with what you have, you’ll fight, kill, go to war, or civil insurrection, to obtain the basic necessities of life.
The Pitchforks Are Coming… For Us Plutocrats
By NICK HANAUER
Nick Hanauer is a Seattle-based entrepreneur.
Memo: From Nick Hanauer
To: My Fellow Zillionaires
You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor. Then I founded aQuantive, an Internet advertising company that was sold to Microsoft in 2007 for $6.4 billion. In cash. My friends and I own a bank. I tell you all this to demonstrate that in many ways I’m no different from you. Like you, I have a broad perspective on business and capitalism. And also like you, I have been rewarded obscenely for my success, with a life that the other 99.99 percent of Americans can’t even imagine. Multiple homes, my own plane, etc., etc. You know what I’m talking about. In 1992, I was selling pillows made by my family’s business, Pacific Coast Feather Co., to retail stores across the country, and the Internet was a clunky novelty to which one hooked up with a loud squawk at 300 baud. But I saw pretty quickly, even back then, that many of my customers, the big department store chains, were already doomed. I knew that as soon as the Internet became fast and trustworthy enough—and that time wasn’t far off—people were going to shop online like crazy. Goodbye, Caldor. And Filene’s. And Borders. And on and on.
With over 30 years of experience across a broad range of industries including manufacturing, retailing, e-commerce, digital media and advertising, software, aerospace, health care, and finance. Hanauer’s experience and perspective have produced an unusual record of serial successes. Hanauer has managed, founded or financed over 30 companies, creating aggregate market value of tens of billions of dollars. Some notable companies Include Amazon.com, Aquantive Inc., (purchased by Microsoft in 2007 for $6.4 billion), Insitu group (purchased by Boeing for $400 million), Market Leader (purchased by Trulia in 2013 for $350 million). Some other companies include Marchex, Newsvine, Qliance, Seattle Bank and Pacific Coast Feather Company. – Photo by Robbie McClaran
Realizing that, seeing over the horizon a little faster than the next guy, was the strategic part of my success. The lucky part was that I had two friends, both immensely talented, who also saw a lot of potential in the web. One was a guy you’ve probably never heard of named Jeff Tauber, and the other was a fellow named Jeff Bezos. I was so excited by the potential of the web that I told both Jeffs that I wanted to invest in whatever they launched, big time. It just happened that the second Jeff—Bezos—called me back first to take up my investment offer. So I helped underwrite his tiny start-up bookseller. The other Jeff started a web department store called Cybershop, but at a time when trust in Internet sales was still low, it was too early for his high-end online idea; people just weren’t yet ready to buy expensive goods without personally checking them out (unlike a basic commodity like books, which don’t vary in quality—Bezos’ great insight). Cybershop didn’t make it, just another dot-com bust. Amazon did somewhat better. Now I own a very large yacht.
But let’s speak frankly to each other. I’m not the smartest guy you’ve ever met, or the hardest-working. I was a mediocre student. I’m not technical at all—I can’t write a word of code. What sets me apart, I think, is a tolerance for risk and an intuition about what will happen in the future. Seeing where things are headed is the essence of entrepreneurship. And what do I see in our future now?
I see pitchforks.
At the same time that people like you and me are Read the rest of this entry »
Posted in - Business... None of yours, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Amazon.com, aQuantive, billionaire, business, Capitalism, capitalist, Civil War, Clothing, Congress, creative, Economic inequality, economy, employees, entrepreneur, food, Franklin D. Roosevelt, government, healthcare, Henry Ford, House, House of Representatives, housing, income, income taxes, insurrection, iphone, Jeff Bezos, middle class, millionaire, Minimum wage, money, Nick Hanauer, Occupy, occupy movement, Pacific Coast Feather Company, peace, plutocrat, policy, politics, polity, poverty, Qliance Medical Management, representative, Seattle, senate, shelter, taxes, United States, Wage, wealth, wealth gap, wealthy multi-billionaire | Leave a Comment »
Posted by Warm Southern Breeze on Sunday, March 25, 2012
Having been working on the idea for this entry for several weeks now, it seems that with the tragic death of young Trayvon Martin in Florida, it now seems the right time to publish it.
It’s a crying shame that nearly 150 years after our nation’s Civil War, that we are still talking about race relations.
Why do these problems exist?
Department of Justice statistics indicate that for the year 2005, approximately 10,000 Blacks were arrested for All Crimes. That same year, a little over 4,000 Whites were arrested for All Crimes.
According to the US Census Bureau, as of 2012, in the USA, Blacks comprise approximately 12.6% of the population, Whites comprise 72.4%.
The figures for population and arrest have not changed significantly since 2005.
The data would seem to suggest that Blacks are significantly more criminally inclined than Whites.
But, that’s not so.
Blacks are NOT more criminally inclined than Whites.
Ethnicity is neither a predictor nor determiner of criminal intent nor propensity toward crime. More pointedly, one’s skin color has nothing to do with crime.
In fact, it would seem that Read the rest of this entry »
Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: African American, arrest, black, Black people, Civil War, crime, Federal Bureau of Investigation, Florida, Jim Crow laws, news, Race and ethnicity in the United States Census, Republicans, Richard Nixon, Sanford Florida, Southern Strategy, Trayvon Martin, United States, United States Department of Justice, White, White people | Leave a Comment »
Posted by Warm Southern Breeze on Thursday, March 3, 2011
Does history repeat itself?
If history is any indicator, then President Obama will be re-elected.
The astute political observer will note that political events are playing out much like they did during President Clinton‘s first term. There is an angry Republican party whipped up by a vitriolic Speaker of the House, a government shutdown, allegations of a federal government that is too large, a domestic debt that is unmanageable, foreign turmoil, involvement in international armed conflict in the Middle East, anger by Republicans over health care reform, and a mid-term loss to Republicans… it’s uncanny.
Previously, I had written in an entry entitled “House Republicans move to repeal Obama health insurance reforms” that Read the rest of this entry »
Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: Abraham Lincoln, Afghanistan, Atlanta, Barack Obama, Bill Clinton, Civil War, complaints, Cooperheads, Copperhead movement, Copperheads (politics), Democratic Party (United States), Fall of Atlanta, George B. McClellan, history, Horatio Seymour, Illinois, John Hockenberry, legislature, Michael Beschloss, Middle East, Osama bin Laden, penny, politics, Potomac, POTUS, president, Republican, rhetoric, southern, Stanley McChrystal, TARP, tea party, United States, war | Leave a Comment »