Posts Tagged ‘business’
Posted by Warm Southern Breeze on Monday, March 27, 2017
Donald V. Watkins is an American Attorney, Entrepreneur, and Banker.
Donald V. Watkins is an American Attorney, Entrepreneur and Banker.
March 26, 2017
Open Letter to President Donald J. Trump
Dear President Trump,
I am a longtime political independent who cherishes America’s form of participatory democracy. Even though my ancestors were slaves who worked on plantations in Mississippi, my parents, siblings and other relatives finally got a chance to vote after Congress enacted the Voting Rights Act in 1965 and President Lyndon Johnson signed it. I have even held elective office within this democracy.
I believed in America when I could not drink from public water fountains or use bathrooms that were reserved for “Whites Only”. I did not sit in an integrated classroom until I entered college at Southern Illinois University in 1966. I attended law school at the University of Alabama from 1970 to 1973 on a desegregation scholarship awarded to me by the national office of the NAACP. I arrived on campus a full year before any black athlete played on a sports team at the University.
Donald Trump, 45th United States President, official portrait
When I started practicing law in 1973, a few diehard segregationists in Alabama’s court system openly referred to me as the “nigger lawyer from Montgomery” during official court proceedings. I was not addressed as “Attorney Watkins” or “Mr. Watkins” in these courtrooms until sometime in 1976. A few judges just barked out instruction to me without ever looking me in the eyes or addressing me as a human being.
I got through all of these degrading experiences by focusing on the American flag in each courtroom I entered. To me, Read the rest of this entry »
Posted in - Business... None of yours, - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Advice, AL, Alabama, attorney, banker, business, Donald Trump, Donald Watkins, entrepreneur, GA, Georgia, letter, NAACP, politics, POTUS, Trump, United States, USA | Leave a Comment »
Posted by Warm Southern Breeze on Monday, March 6, 2017
Imagine, or pretend for a moment that you were President of the United States.
You would be literally be “the boss of” and have access to a vast trove of over 14 different American Intelligence & National Security agencies.
If so desired, you could watch video of the raid on Osama bin Laden’s compound in Abbottabad, Pakistan, see photographs of his corpse and burial at sea, and examine the report made of his DNA following his death and capture. By virtue of the Office of the President, there would be virtually nothing to which you would not entitled to know, or view in the agencies of the United States government. You would be able to see the code-named TOP SECRETS of our government. You would have full and unfettered access to the highest levels of secret information… including Nuclear Access Codes.
The Departments of Defense, Homeland Security, Energy, State, and Justice, along with all their myriad divisions and offices – ALL Executive level agencies – which includes the FBI, US Marshals Service, Secret Service, DEA, ATF, Coast Guard, and more – would ALL be under your ultimate control, and you would be their Boss.
The CIA is an independent agency.
Because the FBI and the NSA are Executive level offices/agencies, it is NOT a stretch to imagine that the President ~COULD~ Read the rest of this entry »
Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: 45, banking, BHO, Breitbart, business, Chief Justice, CIA, CJ John Roberts, computer, Congress, court, Death of Osama bin Laden, defense, Department of Justice, DJT, DoD, DOJ, FBI, FISA, FISA Court, Foreign Intelligence Surveillance Court, fraud, GOP, intelligence, John Roberts, judge, justice, law, lies, money, National Security Agency, NSA, Obama, Osama bin Laden, POTUS, president, Russia, SCOTUS, server, spy, surveillance, terrorism, Trump, United States Code, USA, USC | Leave a Comment »
Posted by Warm Southern Breeze on Monday, February 6, 2017
I am a FIRM PROPONENT of ENTREPRENEURSHIP, FREE ENTERPRISE, and FAIR COMPETITION.
For that reason, and others, I have NOT purchased an AB-InBev product in quite some time, not only because of the inferior quality of their products, but because it is a greedy, global, monolithic oligopolic (virtually monopoly) enterprise.
It is NOT an American company, and ceased being an American company when it SOLD OUT to the Belgian brewing company InBev for around $52 billion in 2008. From then, the company was named AB-InBev.
To add insult to injury, the U.S. Department of Justice OK’d a deal in 2016 in which AB-InBev BOUGHT SABMiller’s U.S. business which in turn, would allow Molson Coors to Read the rest of this entry »
Posted in - Business... None of yours, - Lost In Space: TOTALLY Discombobulated | Tagged: AB InBev, Anheuser-Busch, beer, brew, business, Coors, craft, craft beer, craft brew, drink, drink local, economy, entrepreneurship, free enterprise, greed, jobs, local, local economy, local jobs, Molson, money, monopoly, oligopoly, SABMiller | Leave a Comment »
Posted by Warm Southern Breeze on Monday, February 6, 2017
Nick Hanauer, a multi-billionaire about whom few have likely heard, authored a highly publicized article not too long ago warning about wealth inequity. Increasingly, the wealthy are realizing that a strategy of cutting taxes upon the wealthy and their corporations is not a recipe for American success, precisely for the reason that it adversely affects economic infrastructure, and jobs, among other damages.
However, one needn’t be wealthy to realize and understand that money, and the unreasonable desire for it known as avarice (an extreme form of greed), and the unwieldy power that accompanies it, are corrupting influences in any nation, and particularly in our United States because of SCOTUS ruling in the 2010 Citizens United v Federal Election Commission decision which Read the rest of this entry »
Posted in - Business... None of yours, - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: 14th Amendment, avarice, billionaire, business, Canadian Alliance candidates 2000 Canadian federal election, capital, Citizens United, Citizens United v. Federal Election Commission, Congress, Constitution, Constitutional rights, economic infrastructure, entrepreneurship, equal protection, Equal Protection Clause, Federal Election Commission, First Amemendment, freedom, greed, income, Jeff Bezos, jobs, justice, law, Liberty, money, Nick Hanauer, poor, poverty, rights, SOCTUS, state, taxes, Washington, wealth, wealthy | Leave a Comment »
Posted by Warm Southern Breeze on Monday, December 19, 2016
Chalk One Up for the Working Man
By Donald V. Watkins
©Copyrighted and Published (via Facebook) on December 18, 2016
Used with permission
On Thursday, I tried a case for a close friend on mine in the Jefferson County, Alabama District Court in Bessemer, Alabama. My friend is a hard working Bessemer resident and family man whose world was turned upside down when Citibank sold his credit card account to San Diego-based junk debt buyer, Midland Funding, LLC. He is one of millions of bank credit card customers each year whose accounts are bundled in loan pools and then sold to junk debt buyers without the customer’s knowledge.
Midland Funding is one of several mega junk debt buyers in America. This group of financial sharks buys unsecured bank debt for pennies on a dollar and then strong arms debtors who miss one or more of their monthly payments. Midland is part of a multi-billion industry of shady financial predators.
In my friend’s case, Citibank sold his account to Midland Funding. The balance on the account was $6,800. My friend paid his credit card monthly on a regular basis, but had an unexpected hiccup in his monthly cash flow a couple of years after he opened the account. As a result he failed to make a couple of his payments on time. When this occurred Citibank sold my friend’s account to Midland, and Midland eventually sued my friend. This is how my friend became my client.
Remember, Citibank had a similar hiccup during the Great Recession of 2008. The bank requested and received a total of $181.6 billion in federal bailout assistance to keep from collapsing. In fact, Citibank led the banking industry’s “welfare queens” by receiving more financial bailout assistance than any big bank in the U.S.
Citibank’s “Thank You” to the taxpayers like my client, whose tax dollars made the financial bailout possible for these big banks, was the low-down act of selling his credit card account to a shark like Midland Funding. The big banks were quick to take taxpayer-sponsored financial assistance, but slow to give taxpayers similar financial assistance in return.
[Editor’s Note: Alamerica Bank, which is Read the rest of this entry »
Posted in - Business... None of yours, - My Hometown is the sweetest place I know | Tagged: abuse, AL, Alabama, ALpolitics, bailout, banking, banks, Bessemer, business, Citibank, county, court, credit, credit card, creditor, debt, district, District Court, employment, government, JeffCo, Jefferson, Jefferson County, job, junk, junk bond, law, Midland Funding, money, politics, problems, profit, sale, sharks, trial, troubles, Welfare, welfare queen | 1 Comment »
Posted by Warm Southern Breeze on Tuesday, December 6, 2016
Fact is, “ObamaCare” – which is properly known as the Patient Protection and Affordable Care Act, or ACA for short – though it’s monikered with POTUS Obama’s name, was largely a Republican brainchild from the über-conservative Heritage Institution.
The cornerstone of the act is predicated upon two items which are the very heart of the act: 1.) Guaranteed Coverage, and; 2.) Community Rating.
In was, in essence Read the rest of this entry »
Posted in - Business... None of yours, - Do you feel like we do, Dr. Who? | Tagged: ACA, Affordable Care Act, avarice, Big Pharma, business, competition, costs, enterprise, Free Market, greed, health, health insurance, healthcare, hospital, insurance, market, Medicare, Medicare for All, medicine, money, monopoly, Obama, Obamacare, oligopoly, power, PPACA, premiums, profit, rates, Return On Investment, ROI, shareholder, single payer, Wall Street, wealth | Leave a Comment »
Posted by Warm Southern Breeze on Saturday, November 26, 2016
Purveyors of False Profit
Because Geezus died and was resurrected for businesses, free enterprise, and the profit motive.
There is NO SUCH THING as a “Christian” business. I’d rather visit a Read the rest of this entry »
Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man? | Tagged: banker, Banksters, bookstore, business, Christ, Christian, Christian Bookstore, Christianity, false pretense, false profit, false prophet, free enterprise, Geebus, Geezus, Jesus, liars, moneychangers, profit, prostitute, prostitution, religion, temple, theives, Xi'an | Leave a Comment »
Posted by Warm Southern Breeze on Monday, October 31, 2016
Some have accurately, and justifiably observed that the Affordable Care Act, also colloquially known as “ObamaCare,” is a big fat, sloppy wet kiss to the Big Insurance industry and their for-profit, Wall $treet corporate masters, because their profits have continued to soar since it’s inception. Note that UnitedHealth Group reported a profit of $11 billion (on revenues of more than $157 billion) in 2015, up from $10.3 billion (on revenues of $131 billion) in 2014. Consider also how Anthem’s business changed in just one recent year. At the end of 2014, the majority of Anthem’s revenues still came from its Commercial Health Insurance customers. During 2015, however, revenues from their commercial operations actually declined 4.2%, to $37.6 billion, while revenues from their government operations skyrocketed 21%, to $40.1 billion. A significant reason why, is because of the big investments Insurance Companies continue to make in House and Senate campaigns. As a result, the Insurance Industry’s tentacles will likely only get deeper into both the Medicare and Medicaid programs.
Medical equipment is pictured on the wall of an examination room inside a Kaiser Permanente health clinic located inside a Target retail department store in San Diego, California November 17, 2014. Four clinics are scheduled to open to provide pediatric and adolescent care, well-woman care, family planning, and management of chronic conditions like diabetes and high blood pressure for Kaiser members and non-members. REUTERS/Mike Blake (UNITED STATES – Tags: HEALTH BUSINESS SOCIETY) Fair Use
It’s that time of year again. Insurance companies that participate in the Affordable Care Act’s state health exchanges are signaling that prices will rise dramatically this fall.
And if insurance costs aren’t enough of a crisis, researchers are highlighting deficiencies in health care quality, such as unnecessary tests and procedures that cause patient harm, medical errors bred by disjointed or fragmented care and disparities in service distribution.
While critics emphasize the ACA’s shortcomings, cost and quality issues have long plagued the U.S. health care system. As my research demonstrates, we have these problems because insurance companies are at the center of the system, where they both finance and manage medical care.
If this system is so flawed, how did we get stuck with it in the first place?
Answer: Organized physicians.
As I explain in my book, “Ensuring America’s Health: The Public Creation of the Corporate Health Care System,” from the 1930s through the 1960s, the American Medical Association, the foremost professional organization for physicians, played a leading role in implementing the insurance company model.
What existed before health insurance companies?
Between the 1900s and the 1940s, patients flocked to what were called “prepaid physician groups,” or “prepaid doctor groups.”
Prepaid groups offered inexpensive health care because Read the rest of this entry »
Posted in - Business... None of yours, - Do you feel like we do, Dr. Who?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: ACA, Affordable Care Act, Agency for Healthcare Research and Quality, business, campaign, Campaign finance, Congress, cost, exchanges, Harry Truman, health, Health Business Society, healthcare, House, insurance, law, LBJ, Lyndon B. Johnson, Medicaid, medical care, Medicare, medicine, money, Obamacare, Patient Protection and Affordable Care Act, PPACA, senate, single payer, Truman, universal healthcare | Leave a Comment »
Posted by Warm Southern Breeze on Thursday, May 26, 2016
The Mosaic Scriptural principle (which is also referenced in the New Testament) that “you should not muzzle the ox that treads out the grain” is certainly a principle with and by which we should compensate people for their labor. However, there is little disagreement that the committees that set the rewards far too often overcompensate those whom are charged with organizational oversight.
There is something to be said for fair and just compensation according to the terms of a contract, and the wishes and desires of those whom issue them.
Why then, is it that when Read the rest of this entry »
Posted in - Business... None of yours, - Faith, Religion, Goodness - What is the Soul of a man? | Tagged: boards, business, compensation, employee, executive, greed, income, money, power, salary, wealth | Leave a Comment »
Posted by Warm Southern Breeze on Tuesday, November 10, 2015
Having made no bones about it, I remain searingly and scathingly critical of Alabama Governor Robert Julian Bentley, a retired physician-turned-Republican legislator from Tuscaloosa, who is twice elected governor – in 2010, and in 2014.
While I wished him well after his initial victory in the governor’s race against his Democratic opponent then-Secretary of Agriculture and Industries, Ron Sparks, he has disappointed the state since Inauguration Day 2011 when he put his foot in his mouth at Dexter Avenue King Memorial Baptist Church, Montgomery, where on Martin Luther King Day, Monday, January 17, 2011 – mere hours after taking the oath of office and inauguration – he said in part, “There may be some people here today who do not have living within them the Holy Spirit. But if you have been adopted in God’s family like I have, and like you have if you’re a Christian and if you’re saved, and the Holy Spirit lives within you just like the Holy Spirit lives within me, then you know what that makes? It makes you and me brothers. And it makes you and me brother and sister. Now I will have to say that, if we don’t have the same daddy, we’re not brothers and sisters. So anybody here today who has not accepted Jesus Christ as their savior, I’m telling you, you’re not my brother and you’re not my sister, and I want to be your brother.”
It was at that point that Rebekah Caldwell Mason became his Communication Director, and later, Senior Political Advisor-cum-paramour.
More to the point, however, I have maintained that among other things, as an elected official, he has been feckless, and clueless.
But, let’s let him speak for himself.
Here’s in part what Governor Bentley said in a speech to a statewide gathering of city officials in Montgomery, May 2013, “You know where I came up with that idea? Ron Sparks. Read the rest of this entry »
Posted in - Did they REALLY say that?, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: AL, Alabama, ALpolitics, business, commission, Cuba, Democrat, enterprise, farmers, GOP, governor, Governor Bentley, healthcare, hospitals, income, international trade, Medicaid, money, news, politics, Revenue, Robert Bentley, Ron Sparks, Secretary of Agriculture and Industries, taxes, trade, video | Leave a Comment »
Posted by Warm Southern Breeze on Monday, April 27, 2015
How accurate, or true are Right Wing memes?
Regardless of one’s political beliefs, party affiliation, or ideological inclination, it’s always good to consider the truth of statements in memes that – like flotsam and jetsam – are dispersed throughout the Internet… particularly upon Social Media sites such as FaceBook, and Twitter. And unfortunately, in many cases, they are the veritable garbage, the effluent detritus of communication.
So… let’s examine some of the argument in the meme seen here, and see if it still holds water.
Government has necessary services, and provides the same.
Consider road construction as one example.
To create & build roads (which themselves increase opportunity) government must purchase things – raw materials, and manpower, among them.
Now… exactly where is any “government factory” for that, eh?
That’s correct – there is NONE.
EVERYTHING “we the people” by and through our government – at ALL LEVELS, Federal, State, and Local – purchase comes from the Private Sector!
Consider also what may be the greatest example of Read the rest of this entry »
Posted in - Did they REALLY say that?, - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: 2006, Art, Beisser Lumber, business, claim, claims, Company, contracts, Coralville, David Lienemann, enterprise, entrepreneurship, flakes, free enterprise, GOP, government, history, image, Iowa, Joe Biden, lumber, meme, money, nuts, odd, official, peculiar, photograph, photographer, politics, Republican, rhetoric, right wing, strange, suspect, The Gazette, truth, Vice President, VP Joe Biden, wealth, White House, wrecking ball | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, April 8, 2015
A bill by State Senator Arthur Orr (R-Decatur) to privatize the Alcoholic Beverage Control Board has died in the Senate Finance and Taxation General Fund Committee by a 7-6 vote along party lines, with one Republican voting ‘NO.’ The vote received applause from attendees.
A substitution bill presented by Orr would’ve changed the suspension penalty for Selling to Minors from one year to one week, and increased taxes, was also adopted along party line vote.
Orr said earlier that, “Part of our job is to downsize government,” and demanded a committee vote be taken on his bill today.
Alcoholic Beverage Control Board Administrator Mac Gipson testified that employees are paid from mark-ups from sales in the state’s 176 ABC stores. He also noted that by comparison, there are 587 private package stores in the state.
In Alabama, liquor is marked up at 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: ABC, Alabama, Alcohol, ALpolitics, Arthur Orr, beer, beverage, Bill Beasley, board, booze, business, Committee, convenience store, Democrat, enterprise, entrepreneuship, geotag, geotagged, jobs, law, liquor, Montgomery, news, policy, politics, religion, Republican, retail, Revenue, sales, senate, Senator, spirits, store, taxes, unemployment, wine | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, January 28, 2015
It’s fairly explanatory. American corporations are making profits hand over fist. They’re making more profit now, than before the “Great Recession.” In fact, they’re making more than DOUBLE from their lowest during that time.
Corporate Profits After Tax
Read the rest of this entry »
Posted in - Business... None of yours, - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: business, Company, corporate, corporate income taxes, corporation, data, economy, family, FRED, household, income, income taxes, money, profits, salary, statistics, taxes, U.S., United States, US, USA, wages, wealth, wealthy | Leave a Comment »
Posted by Warm Southern Breeze on Friday, December 19, 2014
McD’s began rationing French Fries Wednesday morning, December 17, at it’s 3100 Japanese locations as an emergency airlift of 1,000 tons of spuds and an extra shipment by sea from the U.S. East Coast set sail.
Industrial Food Manufacturer McDonald’s continues to spread diet-related disease internationally.
The highly processed frozen spuds are deep-fryer ready, and a leading U.S. export. Folks in the Land of The Rising Sun love their French Fried spuds, and eat more than 300k tons of the imported American tuber annually, according to USDA figures. Of particular note, most of Japan’s locally grown potatoes are eaten fresh.
McD’s continually denies any responsibility, role or contribution to increased obesity, either in America, or abroad where they conduct business. But increased rates of Japanese obesity, diabetes, and metabolic syndrome, suggest not conspiracy, but wanton disregard for, if not flagrant violation of, Japan’s Ministry of Health 2008 ‘Metabo Law’ that requires men to maintain a waist line less than 33.5 inches and women less than 35.4 inches.
A McDonald’s in Japan
The American Fast Food Industry was introduced to Japan in the 1970’s, and since then, consumption of rice in the daily Japanese diet has decreased and been replaced by bread, meat, dairy products, hamburgers, French fries, milkshakes and doughnuts.
Similarly to America, one of the time-honored Family Values of enjoying freshly prepared food at home has declined, and consumption of Industrially Prepared Food, and use of video games has risen.
Even though the Japanese diet still includes much more fish having omega-3 fatty acids, the adoption of a more ‘Western Diet’ is causing health problems. O3FAs are thought to protect against heart disease, and on average, the Japanese eat much less food high in saturated fat than Americans.
The Japanese government has quickly acknowledged the damaging health effects of Industrialized Food Production, which is known as the Standard American Diet, and has moved to disincentivize their citizens from becoming obese like Americans.
Japanese people have historically enjoyed a high life expectancy, very nearly 80 years, although in recent years, their increase in longevity has slowed to 1.2%. The Japanese health care system provides Universal Coverage primarily through local government or employer insurance, and the system is foreseeing dire financial trouble because chronic diseases like diabetes, cardiovascular disease, obesity, high blood pressure, high glucose levels and cholesterol will significantly burden the system.
As the Japanese population ages and their health begins to deteriorate, the workforce will not be large enough to cover those health costs. The government sees an opportunity to cut costs by lowering rising obesity.
Posted in - Business... None of yours, - Do you feel like we do, Dr. Who?, - Read 'em and weep: The Daily News | Tagged: agriculture, America, business, Cholesterol, commerce, costs, diabetes, export, Family Values, farm, fast food, fat, Golden Arches, grease, health, health insurance, healthcare, heart, Heart disease, import, industrial food, insurance, international, Japan, McD's, McDonald's, Micky D's, obesity, phast phood, potatoes, spuds, Standard American Diet, trade, United States, Universal Coverage, USA, USDA | 1 Comment »
Posted by Warm Southern Breeze on Sunday, October 5, 2014
Since implementation of a law began July 1, 2014, the Tennessee Department of Human Services found only 65 out of 39,121 people who applied for a cash assistance program known as “Families First in Tennessee,” tested positive for illegal substances, or medicines for which they had no prescription.
That’s less than 1% of all applicants who tested positive.
That information was provided provided to The Tennessean by the Tennessee DHR.
An extra 116 refused to participate in an initial drug screening questionnaire, which automatically disqualified them for benefits.
The average monthly benefit of the cash assistance program was $165 per month in December – or $1,980 per year. If they otherwise would have qualified to have received assistance, the total value of the benefit to the 116 people who refused to take the test would have been $230,000 annually – if they had otherwise qualified for benefits.
Since the law began, 609 people have been asked to take a drug test: 544 tested negative, and 65 tested positive. Of those who tested positive, 40 were referred for substance abuse evaluation, and 13 enrolled in a drug treatment facility or recovery support group as a condition of receiving benefits.
The total cost to Tennessee taxpayers so far has been $23,592.
There’s a meme which circulates on FaceBook and presumably, in other places as well, which appears similarly as this:
Drug Test Public Assistance Recipients Meme
Honestly, the idea is a failure.
But you’d rarely – if ever – hear about it’s failures.
Florida was the first state to tread that path. What they learned was surprising. And then, the law was struck down by a Federal court. The states that embark upon Florida’s path will be wa$ting their citizen$ taxe$.
Only 2.6% of Florida applicants failed the drug test.
“Because the Florida law requires that applicants who pass the test be reimbursed for the cost, an average of $30, the cost to the state was $118,140. This is more than would have been paid out in benefits to the people who failed the test. As a result, the testing cost the government an extra $45,780.”
The purported savings in Florida’s program will be negligible after administrative costs and reimbursements for the drug tests are taken into account.
But it wasn’t limited to Florida. Read the rest of this entry »
Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: abuse, business, economy, family, Florida, food, fraud, GOP, government, Minnesota, Missouri, money, Oklahoma, policy, politics, Republicans, TANF, taxes, Temporary Assistance to Needy Families, Tennessee, Utah | Leave a Comment »
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 »