Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘“Occupy Wall Street”’

Mitt Romney won’t intervene in Bain’s export of 170 American jobs to China

Posted by Warm Southern Breeze on Friday, October 12, 2012

The company is profitable.

Sensata Technologies, 2520 S. Walnut Road, Freeport, Illinois – which was created by Bain Capital in 2006 – develops, manufactures, and sells sensors and controls for major auto manufacturers such as Ford and General Motors.

Despite rising profits, the company plans to institute the final layoffs in November. The workers are training their Chinese replacements, who have been flown to Illinois by the company.

Republican presidential candidate Mitt Romney is a co-founder of Bain Capital, the private equity investment firm that created Sensata. According to SEC filings, Romney served as CEO of Bain Capital from its founding in 1984 until 2002. Romney, however, has repeatedly said he left the company in 1999.

The employees’ website is Bainport.com.

Why Romney can’t save the Sensata workers

By September 18, 2012: 4:43 PM ET

Sorry, but Mitt Romney won’t save the Freeport jobs

sensata_employees

Protesters want Mitt Romney to intervene on their behalf.

FORTUNE — As Occupy Wall Street celebrated its one-year anniversary yesterday in Zuccotti Park, a much smaller group of protesters set up camp in the northwestern Illinois town of Freeport. They called it called BainVille, in sarcastic homage to the private equity firm they blame for outsourcing their jobs to China.

What the protesters want is for Mitt Romney to intervene on their behalf, leveraging both his national profile and his relationship with Bain Capital executives. And, in theory, it makes sense. After all, what presidential candidate wouldn’t want to help save 170 American manufacturing jobs? Particularly someone who talks about getting tough with China?

But it simply isn’t going to happen.

For the uninitiated, here’s a quick backgrounder: Late last year, a Bain-owned company called Sensata Technologies (ST) agreed to Read the rest of this entry »

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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: , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Taxpayers’ $182B TARP bailout of AIG Now Fully Recovered

Posted by Warm Southern Breeze on Tuesday, September 11, 2012

As the president and others – nonpartisan and partisan alike – have noted, BIG BUSINESS should NOT need a bailout. They should be operated in such a manner as to allow the Free Market to decide how, to what extent, and if they prosper. As part of that process, ironclad and strong regulation to prevent fraud and abuse should be vigorously enforced. And chief executives Read the rest of this entry »

Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Oil prices crashed and Chevron still made nearly $24 a barrel

Posted by Warm Southern Breeze on Saturday, July 28, 2012

Must be something to what those kooky Occupy Wall Street type folks, and the evil Democrats are saying.

Oil prices crashed and Chevron still made nearly $24 a barrel

By Ronald D. White; July 27, 2012, 1:32 p.m.

Take just about any business situation in which the value of a company’s primary product suddenly falls by more than 29% and it could be time to panic. Then there is the oil patch, where billions of dollars in profits are possible even after that kind of collapse in crude prices. Chevron Corp. of San Ramon, Calif., is just such an example.

Even with the sharp drop in oil prices that began in the first quarter and ran through the end of the second quarter — a decline from $109.41 a barrel to $77.69 a barrel — Chevron had a positive margin of $23.53 on every barrel of crude it produced, according to analysts. Chevron said its margin was actually $26 a barrel. Read the rest of this entry »

Posted in - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Remember: Do NOT tax the rich, because they’re sacred cow “job creators” masters.

Posted by Warm Southern Breeze on Monday, May 21, 2012

Life is more than money.

“Those who love money will never have enough. How meaningless to think that wealth brings true happiness!” Ecclesiastes 5:10 (NLT)

“But if any one has this world’s wealth and sees that his brother man is in need, and yet hardens his heart against him–how can such a one continue to love God?” 1 John 3:17 (WNT)

“But godliness with contentment is great gain.” 1 Timothy 6:6 (NIV)

“Then he said, “Beware! Guard against every kind of greed. Life is not measured by how much you own.”” Luke 12:15 (NLT)

“Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.” Matthew 19:24 (NIV)

Nurses (yes, nurses) lead charge for Wall Street ‘sin’ tax

By Miranda Leitsinger, msnbc.com

Friday, May 18, 2012

A coalition of nurses’ unions is calling for a “Robin Hood” tax on Wall Street, which they say could generate up to $350 billion a year, in the first major protest ahead of this weekend’s NATO summit in Chicago.

Their pitch: impose a tax of 50 cents on every $100 of trades of stocks, bonds, dividends and other financial transactions, which are not currently taxed. The U.S. would join more than a dozen other nations that already have a financial transaction tax, according to National Nurses United (NNU).

“I’ve been asked many, many times … ‘What are you doing here as nurses? … What do you have to do with the economy?'” Karen Higgins, a registered nurse and co-president of NNU, said to the crowd in Chicago’s Daley Plaza.

“We’re watching this every day. We’re watching patients suffer,” she said, noting that nurses were seeing people without insurance or others who can’t afford their co-pays, as well as a spike in the number of children with adult diseases due to eating poorly because their parents can’t afford healthy food. “This is serious and in some cases it is actually deadly.”

Members of National Nurses United rally in Daley Plaza on Friday, ahead of the NATO Summit in Chicago. Tannen Maury / EPA

“We know the solution .. we are watching and seeing Wall Street throwing our money away as we see people suffer and die. It will not continue,” she said. “We pay sales tax. It is time for Wall Street to start paying back what they owe the rest of the country and they need to pay sales tax.”

The nurses’ call echoes last fall’s outcry by Read the rest of this entry »

Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man?, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , | Leave a Comment »

Peter Schiff exposes a TEA Party fatal flaw at Occupy Wall Street

Posted by Warm Southern Breeze on Sunday, October 30, 2011

In a YouTube video entitled “Peter Schiff nails Wall Street Protesters,” Peter Schiff asks one of the Occupy Wall Street demonstrators the following question – verbatim: “Wouldn’t you like to get in the 1%? You don’t want more money?

By asking that question, Mr. Schiff makes a very critical error. In fact, it’s a very simple one to understand. Not everyone will be the 1%. By adding more to the category identified as “the 1%,” it suddenly becomes more than 1%.

As the video progresses, Mr. Schiff continues rhetorically down that deeply and fundamentally flawed path, so that by the end of the video, the conclusions he infers from the statements he makes seem to make reasonable, rational and logical sense. They are, however, founded upon logically flawed premises.

I posit that most viewers would not even casually consider such a blatant problem.

Video follows the break. Read the rest of this entry »

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Re-examining Global Economics, Occupy Wall Street, and National Security

Posted by Warm Southern Breeze on Monday, October 24, 2011

Doubtless, if you’ve been paying any attention to news – either online, broadcast or print – you’ve had to at least heard something about the Occupy Wall Street movement. And no matter where you fall along the political spectrumarch-conservative, neo-conservative, raging liberal, classical liberal, Austrian liberal, middle of the road, pragmatist, mash-up, federalist, states rights, moderate, or any conglomeration of the above, or even none at all – you certainly have some opinion – good, bad, or indifferent – about the message, the messengers, and the movement – no matter what you may hold to be true about it.

The movement has also spread to various cities throughout the United States, including Boston, Los Angeles, Chicago and other areas. None, however, have had as much action and publicity as the New York City movement.

The movement is innervated by Read the rest of this entry »

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Wall Street Executives Drink Champagne during Occupy Wall Street Protest

Posted by Warm Southern Breeze on Tuesday, October 4, 2011

Is this not the height of arrogance?

Wall Street executives, tell show us how you ~REALLY~ feel!

Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , | Leave a Comment »

 
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