traveller Posted September 29, 2008 Group: Royal Member Followers: 5 Topic Count: 827 Topics Per Day: 0.10 Content Count: 12,101 Content Per Day: 1.49 Reputation: 249 Days Won: 3 Joined: 04/01/2002 Status: Offline Share Posted September 29, 2008 Wayne - has your company considered going to a condensed work week to save money? Link to comment Share on other sites More sharing options...
WayneB Posted September 29, 2008 Group: Worthy Ministers Followers: 4 Topic Count: 232 Topics Per Day: 0.03 Content Count: 7,261 Content Per Day: 0.96 Reputation: 80 Days Won: 0 Joined: 08/30/2003 Status: Offline Birthday: 12/19/1959 Share Posted September 29, 2008 Wayne - has your company considered going to a condensed work week to save money? I did that back in 1993. The problem today is that headcount expense is so high...$12,404 per person...that the issue isn't so much hours but headcount. My focus this go around is to reduce headcount mostly through attrition and keep everyone working full workweeks. The other challenge in my markets is service. We ship truckloads next day...so we have to remain flexible with scheduling. Link to comment Share on other sites More sharing options...
nebula Posted September 29, 2008 Group: Royal Member Followers: 10 Topic Count: 5,823 Topics Per Day: 0.75 Content Count: 45,870 Content Per Day: 5.92 Reputation: 1,897 Days Won: 83 Joined: 03/22/2003 Status: Offline Birthday: 11/19/1970 Share Posted September 29, 2008 The bailout is much needed...has nothing to do with "socialism". It has everything to do with putting an economic fire out. We can begin cleaning up and rebuilding later. What is sad and totally unacceptable are the tags that were put on the bill. No wonder it failed! This was the problem, all right. Especially that "No oversite" article. Link to comment Share on other sites More sharing options...
livin4him247 Posted September 29, 2008 Group: Members Followers: 0 Topic Count: 5 Topics Per Day: 0.00 Content Count: 59 Content Per Day: 0.01 Reputation: 0 Days Won: 0 Joined: 11/10/2007 Status: Offline Share Posted September 29, 2008 Yes, my parents lived through the tail end of the Great Depression too. My Dad will tell you stories. You all ever watch this fella Kramer on Cable? He predicted all of this two years ago. I was watching him the other night and he said this bailout will not solve the problem because the problem is worldwide. He was predicting that the market would continue to fall with or without the bailout. It would jsut fall slower with the bailout. He was in favor for the bailout to stop all of the panic though. Either way this Nation is getting it for it's unrepentant greed and make no mistake the Government knew something was amiss. They just thought this unrealistic borrowing and spending would just keep going on and on. Don't worry after all the partisan nonsense clears the air later this week, like Wednesday, Washington will bring this back up make some small changes and then vote it back to life. Then both sides will be able to state openly that they stood for the right thing. When the right thing is to do the perp walk with those Politicians who were intimate with the internal workings of Fannie Mae. Agreed...Kramer is pretty sharp. Regardless, he's right...the panic is what will exasperate the crisis and lead to collapse. Where we disagree is that the fall will continue with the bailout. I don't believe that. Regardless, he's a lot smarter than me so we'll just have to see. The bailout ain;t gonna "fix" the problem but rather it will put out the fire and shorten the recovery...or at least the beginning of a recovery. Dave...everyone knew that something was amiss. My sons began receiving $5,000 credit card applications when they were still in college. I tore everyone of them up and still do. In all do respect, I have been trading in the market a number of years. Umm, his name is Jim Cramer .......and he is a complete flip flopper! Says 1 thing 1 day and the opposite the next. Not sure why CNBC endorses this guy? You are guaranteed to lose money if you take his advice!!! It is time we take this country back from the bankers, and I for 1 am glad to see we still have a voice in important matters. The market can recover!! Don't believe the scare tactics!!! I too am still getting plenty of CC offers? The real problem is the dollar and Fed control of it. We need to act now!!! Voting for anyone Ron Paul endorses!!! He has been seeing this coming for many many years. Fed and Treasury saw it a week ago? Paulson has been in wallstreet for 25 yrs? Bernanke, whose academic specialty involved studying the Great Depression? Something is very wrong with all of this?!?! Blessings and Have a Wonderful Day in our LORD!!!! Link to comment Share on other sites More sharing options...
Rick-Parker Posted September 29, 2008 Group: Royal Member Followers: 8 Topic Count: 200 Topics Per Day: 0.22 Content Count: 4,274 Content Per Day: 4.72 Reputation: 1,856 Days Won: 0 Joined: 12/17/2021 Status: Offline Birthday: 06/03/1955 Share Posted September 29, 2008 Praise the Lord. We need to stop living on credit and live within our means. We all will be hurt by a stock market failure. But this must stop. The only way to do that is to allow those who are failures to fail. Link to comment Share on other sites More sharing options...
redwing Posted September 29, 2008 Group: Royal Member Followers: 2 Topic Count: 400 Topics Per Day: 0.07 Content Count: 1,903 Content Per Day: 0.31 Reputation: 15 Days Won: 0 Joined: 08/20/2007 Status: Offline Birthday: 04/19/1942 Share Posted September 29, 2008 to avoid this mess in the future, if there is one, we need to vote in term limits. Link to comment Share on other sites More sharing options...
mizzdy Posted September 30, 2008 Group: Royal Member Followers: 1 Topic Count: 173 Topics Per Day: 0.03 Content Count: 3,911 Content Per Day: 0.66 Reputation: 212 Days Won: 10 Joined: 03/21/2008 Status: Offline Share Posted September 30, 2008 Voting for anyone Ron Paul endorses!!! He has been seeing this coming for many many years. I believe I heard Ron Paul was endorsing the constitutional candidate. Did anyone happen to hear Ron Paul on Glenn Beck this morning? he actually said we should have a new currency. Anyhow, I personally think the bail out is wrong yet I keep getting told it will be a softer crash instead of a nose dive into a cliff. The market would eventually correct itself I believe if only there weren't so many greedy minded people who want to control everything behind all of it. Trusting the government isn't one of my strong suits. Good thing we can just print some more money to give everybody. I certainly don't have any answers just opinions and so far Harry Reid hasn't called me to ask for mine! Link to comment Share on other sites More sharing options...
other one Posted September 30, 2008 Group: Worthy Ministers Followers: 30 Topic Count: 600 Topics Per Day: 0.08 Content Count: 56,390 Content Per Day: 7.55 Reputation: 28,140 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted September 30, 2008 The bailout is much needed...has nothing to do with "socialism". It has everything to do with putting an economic fire out. We can begin cleaning up and rebuilding later. What is sad and totally unacceptable are the tags that were put on the bill. No wonder it failed! The government would have control over our financial institution if the bailout took place, and this is a welfare for the rich. In a true capatalistic society,the market works itself out. Government does not need to be involved in business ventures except to propose laws that protect its peoples, which is why we have the FDA and credit laws. Beyond that, the market should be allowed to operate without interference, and that's what needs to happen now. Repeal the capital gains tax, no more "political correctness" lending, and no bailout. If these things happen (plus others that I'm a little fuzzy on like mark-to-market) the economy will right itself up. Like I mentioned, you really should read all about Roosevelt's New Deal. It is too late for other "long term" options, such as the repealing the capital gains tax. Saying "let it work itself out" is like watching a house burn down and not trying to put the fire out. Once the fire is out, we can and should focus on rebuilding but for now, the fire is growing out of control. We need to hose it down! Wayne when you have a fire this big sometimes it's just cheaper to let it burn and build all new. Link to comment Share on other sites More sharing options...
other one Posted September 30, 2008 Group: Worthy Ministers Followers: 30 Topic Count: 600 Topics Per Day: 0.08 Content Count: 56,390 Content Per Day: 7.55 Reputation: 28,140 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted September 30, 2008 And that's from someone who's nearly 62 and been in one job for 37 years and was looking at retiring in May of next year..... I don't think even the bail out would help the problem but for a very short time. The longer we postpone the fall, the further we'll go down when it happens. None of this is by happenstance though, for the things that have caused this is going to make a few of the global elite both wealthier and smugg in their little worlds. Link to comment Share on other sites More sharing options...
traveller Posted September 30, 2008 Group: Royal Member Followers: 5 Topic Count: 827 Topics Per Day: 0.10 Content Count: 12,101 Content Per Day: 1.49 Reputation: 249 Days Won: 3 Joined: 04/01/2002 Status: Offline Share Posted September 30, 2008 And that's from someone who's nearly 62 and been in one job for 37 years and was looking at retiring in May of next year..... I don't think even the bail out would help the problem but for a very short time. The longer we postpone the fall, the further we'll go down when it happens. None of this is by happenstance though, for the things that have caused this is going to make a few of the global elite both wealthier and smugg in their little worlds. This could be true Sam. I just pray that in this and in all things the Lord's will be done, and that I muddle through it with grace and a degree of wisdom. Link to comment Share on other sites More sharing options...
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