News Occupy Wall Street protest in New-York

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The Occupy Wall Street protests in New York have entered their second week, with approximately 5,000 participants initially gathering on September 17. Protesters are voicing their discontent over issues such as bank bailouts, the mortgage crisis, and the execution of Troy Davis, leading to 80 arrests reported by the New York Times. While some view the movement as disorganized, others argue that it highlights significant economic disparities and calls for reforms like reinstating the Glass-Steagall Act. The protests are seen as a response to rising poverty and unemployment rates in the U.S., with many participants expressing frustration over the current economic situation. The ongoing demonstrations reflect a broader sentiment of dissatisfaction with the financial system and government accountability.
  • #401
John Creighto said:
What is the point you are trying to make. So, someone with money may have contributed some to getting it started. So what?

The someone mentioned is number 7 on the Forbes 400 and the wealthiest hedge fund guy on the list - isn't that a tad bit ironic?

What did Nancy Pelosi call the TEA Party - "astro-turf"?
 
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  • #402
ParticleGrl said:
... There is a reason, after all, that Europe has a larger small business sector than the US...
Thanks for the reference.

russ_watters said:
... Interesting and surprising data, but incomplete, seeing as how "...every measure of small business employment..." does not include a measurement of total small business employment!

It is also tough to use self employment as a proxy, since the difference between self employed contractor and employee is a simple matter of paperwork motivated primarily by govenment regulation.

Yes the notion that the small business sector in the US is smaller than Europe's is contrary to my understanding. So off to the http://www.census.gov/econ/smallbus.html" . Some chart work:

US Firms broken down by size, showing firms 1-4 employees make up 61% of all US firms.
121pbtf.png


US Employment by firm size, showing 18% (21M) work for firms of less than 20, and 49% (60M) work for firms of less than 500 employees
3148o5f.png


US Employment by coarse firm size: 1-499 (50%), 500-9999, and 10k+.
opz0k2.png


With regard to the CEPR reference I notice a couple points. The ambiguous 'self-employment' category to which RussW drew attention is not broken out from the other small business categories, spreading around that ambiguity. Then the US is compared to NZ, Portugal and like w/ populations less than 5M. How many firms of 100,000+ might be expected in those countries? For instance, the "Employment in Firms with fewer than 100,000 employees" might well be 100% in Portugal and (say) 10% in the US, but that tells us nothing about US small business. Finally, I see no mention of 'public' or 'government' employment in the reference, indeed the words do not appear. The NHS alone in the UK employs over one million. Neglecting government employment would skew the statistics more than a little. This CEPR report is misleading.
 
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  • #403
The ambiguous 'self-employment' category to which RussW drew attention is not broken out from the other small business categories, spreading around that ambiguity.

See the link Russ provided, using more specified data. Notice the total small business employment used in said link matches your census data pretty much exactly.

"Employment in Firms with fewer than 100,000 employees" might well be 100% in Portugal and (say) 10% in the US, but that tells us nothing about US small business.

Thats why the categories examined include things like <9,<50 and >250 (for large corporations),<500, etc. and not <100,000. You are right, if they had done that, it would be misleading. Luckily, they didn't.

Finally, I see no mention of 'public' or 'government' employment in the reference, indeed the words do not appear. The NHS alone in the UK employs over one million. Neglecting government employment would skew the statistics more than a little. This CEPR report is misleading.

The report is simply a combing of OECD data. Government/public sector employment is included in OECD data, you can go through the OECD stats page I linked to and do the analysis yourself however you like. You can also look at the relatively new OECD entrepreneurship publications for other interesting data (employee churn, enterprise survival rates,etc).

Can you point to any data that contradicts the OECD data in the report and in Russ's link?
 
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  • #404
Oltz said:
Not making a profit and working hard and using your full potential are 3 separate issues. Do we know what other choices theser people made did Farnsworth try to do it all by himself and fail to market or budget properly? Maybe he did not have enough production capacity that even if he sold every unit it would not cover the costs? Maybe he liked gambling?

Lots of people work hard and make bad choices. Some people use their full potential and make bad choices.
Some people only do enough to make a profit but live in their means and are able to save enough and have a diverse portfolio and realize long term growth.

I do not know anyone who does not want to make a profit do you? Plenty of people in history have contributed but died in the gutter because of choices they made.

I already mentioned people who did not want to make a profit. You did not pay attention. Perelman,Tesla, Prasher and many others for whom creating things that people need is more important than profit.

And it is not about bad choices, it is about what society encourages and supports. Being creative and hardworking by producing new things, making break through in science, it is a different skill set than being a good businessman. Businessman's goal is making money, engineer's goal is inventing useful things. Very often these skill sets conflict. Good engineers are not usually good businessmen. And businessman is usually a bad engineer. Present society encourages businessman, who makes profit from other people labor but not an engineer. In some cases engineer can also be a businessman like Edison in whom businessman conflicted with an engineer.

Equating rich people with hardworking, creative people means that such people as Perelman,Tesla, Prasher are loosers, lazy etc. And this is a fallacy what JDoolin was talking about.
 
  • #405
The good news is that with 99 weeks of unemployment benefits - a great many people have had ample time to work on their inventions. Perhaps the Government will allow a few dollars of investment capital to re-enter the country and the ideas will somehow meet the cash?
 
  • #406
ParticleGrl said:
See the link Russ provided, using more specified data. Notice the total small business employment used in said link matches your census data pretty much exactly.
Yes the US census data ~matches CEPR's Schmitt's 2011 data for the US (i.e. Russ's link). The US census data matches my expectations: 21 million employed in firms less than 20, 42 million (35%) employed in firms less than 100 - hardly small. It is the other country data I suspect as not telling the story, in particular I am curious how those reporting as "self-employed" shift the small business figures.

Also, I'm curious about the EU equivalents of Google, Apple, Amazon, Ebay, Facebook? None of these spun of from monsters like a Microsoft or GE, they started from nothing and are now wildly successful and, yes, large. Perhaps the OECD data reflects some limitation on small companies ever becoming successful and growing large.
 
  • #407
It's time to clean up the park.

http://www.bloomberg.com/news/2011-10-13/wall-street-protesters-can-t-return-gear-to-park-after-cleaning-nypd-says.html

"Wall Street protesters won’t be allowed to return gear such as sleeping bags to Zuccotti Park in Lower Manhattan after the privately owned space is closed for cleaning beginning tomorrow, New York City Police Commissioner Raymond Kelly said.
“People will have to remove all their belongings and leave the park,” Kelly said today after a memorial ceremony in Battery Park. “After it’s cleaned, they’ll be able to come back. But they won’t be able to bring back the gear. The sleeping bags, that sort of thing, will not be able to be brought back into the park.”"
 
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  • #408
Anyone hear of the "We are the 1%" yet?

I just heard it on the radio. (I :!) Randi Rhodes)

Just curious if http://westandwiththe99percent.tumblr.com/" is a spoof or something.

We are the 1 percent
We stand with the 99 percent


not sure if that's the right website, or some psycho spin-off.
I was driving.
 
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  • #409
ParticleGrl said:
Of course I have, but I've met very hard working, very smart people who did everything right and failed to get lucky. Anyone who has ever spent some time working in science knows these people. A small bit of luck is the difference between a nobel prize and working for $8.50 as a shuttle driver. http://en.wikipedia.org/wiki/Douglas_Prasher

If scientists are measuring their success by things like winning the Nobel Prize, or not having enough papers published (even if they are rushed), I think needs to step back and really evaluate why they are doing what they are doing.

If you are doing science to win the nobel prize, then in my mind, you should not be doing science. If you are doing science to find some measure of truth in the world, and want to build a career using and expanding on scientific knowledge, then you are probably in the right field.

You can apply this to the business case as well. If your idea of success is becoming a billionaire entrepreneur when your company IPO goes public, I think you are in the wrong profession.

Both my parents used to own small businesses, so I saw first hand what had to be done in owning a business. It is a 7 day a week commitment and although there are benefits, it's far from a world of luxury. Instead of zoning out on Sunday, you are busy going over accounts, or doing a stocktake, or making food for Monday (one business was a restaurant), or doing some other thing that you didn't have time doing Monday to Saturday. They did this for about a decade, and later decided to become employees for someone else and in some ways they missed some of the benefits, and in others they were happy with their new roles.

Its very sad if some scientists are basing their success on what awards they get or how many papers they have published. Look at all these new things that are being created each and every day: it might be some really nice dish at a great restaurant, it might be an invention for a farming device that helps many farmers get their job done a lot quicker and more cheaply, or it might even be a teacher introducing a new technique for teaching certain types of people, which then gets passed on to other teachers in similar circumstances.

A lot of these people will not win awards, will not have published papers, and quite frankly don't care if they had them or not. These are all successful people, and most of the world has no idea they even exist, and these people don't really care if most people don't know they exist.

Also with anything, if you want to do something that requires a significant commitment of time, and other resources like financial ones, then you damn well should find out what you are getting yourself into. If people do not do that, then I dare say they deserve what they get. It doesn't matter if you are going to university, or starting a business, or changing a career, anyone in their right mind would find out what they are getting themselves into, and in the case for science, people, (if they did their research), would find out what science is really all about.

There is no certainty in life, but part of our jobs as human beings is to take in the uncertainty, and try to make some level of certainty out of it.
 
  • #410
vici10 said:
Equating rich people with hardworking, creative people means that such people as Perelman,Tesla, Prasher are loosers, lazy etc. And this is a fallacy what JDoolin was talking about.

Yes. :approve:
 
  • #411
If scientists are measuring their success by things like winning the Nobel Prize, or not having enough papers published (even if they are rushed), I think needs to step back and really evaluate why they are doing what they are doing.

If you are doing science to win the nobel prize, then in my mind, you should not be doing science. If you are doing science to find some measure of truth in the world, and want to build a career using and expanding on scientific knowledge, then you are probably in the right field.

My point was simply that no one goes into science in order to drive a bus for $8.50 an hour. There is no definition of success that includes this. If he had caught one small lucky break (one more year of funding to finish the work he started), he would have been included on a nobel prize, and would be a tenured professor somewhere (tenured prof being the usual definition of success- the freedom to work on the ideas you want).

The hardest worker with the best idea doesn't always succeed. Brilliant, hard working scientists wash out of science everyday. Brilliant entrepreneurs with life-changing ideas go bankrupt everyday. A mix of natural talent (which involves winning the birth lottery), hard work and dedication is enough to buy you a ticket, but after that its a lottery. We need to acknowledge the huge role luck plays in life. Social insurance IS the attempt to add some certainty to an uncertain world.
 
  • #412
ParticleGrl said:
...
The report is simply a combing of OECD data. Government/public sector employment is included in OECD data, you can go through the OECD stats page I linked to and do the analysis yourself however you like. You can also look at the relatively new OECD entrepreneurship publications for other interesting data (employee churn, enterprise survival rates,etc).

Can you point to any data that contradicts the OECD data in the report and in Russ's link?
It took awhile, but I was able to find a bracket lopping off the bottom and thus the single person "self-employed" category in the OECD data. The OECD data has omissions so as it happens I had to use 2004, 2005 data to include the US and then only for manufacturing firms.

Here's again is firm size 1-20, and as before showing the US next to last as a percentage, exactly the same as shown in the http://www.cepr.net/documents/publications/small-business-2009-08.pdf" .
2beh6r.jpg


And here is firm size 20-49, eliminating the single "self-employed" contribution. Suddenly the US jumps up to near the top:
mt74gi.jpg


So there's a game being played here with the counting of the smallest, or perhaps one person, firms.
 
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  • #413
ParticleGrl said:
...
Also, I'm not sure why the conventional wisdom is US dynamism. Europe had been closing the unemployment gap for years, and now is comparable to our unemployment rate.
Europe has been dumping pieces of its welfare state for years. In particular with this recent financial crisis and recession, Europe, especially Germany, refused to go along with stimulus at the levels pushed by the US, now apparently to a better result for Germany at least.
 
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  • #414
ParticleGrl said:
Social insurance IS the attempt to add some certainty to an uncertain world.

A few thoughts.

Insurance is the transfer of risk from one party to another.

Accordingly, if the business owner transfers all but a limited amount of risk (becomes passive for tax purposes) - maybe the losses (for tax purposes) could be transferred to the party that assumes the risk? (similar to the way depreciation can be stripped out in a lease - structured to attract investors)

http://www.irs.gov/pub/irs-pdf/p925.pdf

Ironically, I'm sure Wall Street could find a way to bundle that concept.:smile:
 
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  • #415
ParticleGrl said:
My point was simply that no one goes into science in order to drive a bus for $8.50 an hour. There is no definition of success that includes this. If he had caught one small lucky break (one more year of funding to finish the work he started), he would have been included on a nobel prize, and would be a tenured professor somewhere (tenured prof being the usual definition of success- the freedom to work on the ideas you want).

I think I should ask an important question for clarification: What do you think success means for you, and how would you define a "consensus" based idea of success?

The hardest worker with the best idea doesn't always succeed. Brilliant, hard working scientists wash out of science everyday. Brilliant entrepreneurs with life-changing ideas go bankrupt everyday. A mix of natural talent (which involves winning the birth lottery), hard work and dedication is enough to buy you a ticket, but after that its a lottery. We need to acknowledge the huge role luck plays in life. Social insurance IS the attempt to add some certainty to an uncertain world.

Ideas are a dime-a-dozen. Everyone has ideas, and many people have good ideas. The hard part is to follow up on these ideas and make them a reality. It is hard for most people to plod along with an idea and put everything they have into it.

It is even harder to go on, even in the midst of knockbacks. Lots of people have the tendency to stop in the face of knockbacks.

I do agree with you that there is no silver bullet, and that the uncertainty is extremely high, and that there are many instances of people with good ideas going bankrupt (the whole VHS tape vs the Beta Technology comes to mind), but part of the follow up in business is marketing, selling, and creating a wide adoption of your product. If you want to start a business, selling is the number one thing. If you have an idea and want to make money, then that is the compromise, and I don't think anyone that owns a business or works for themselves would tell you otherwise.

One good thing that people should do if they want to become good at something is to get a hold of postmortems that people or even companies publish if you can get a hold of them.

For those of you who don't know, a postmortem is basically an analysis of what went right and what went wrong with a particular venture. It could be a software project, it could be the lifetime of a particular product, it could be a new management policy. Chances are if you are lucky to get some good postmortems, you will learn areas where not enough attention was placed on key areas and how that affected the final result.

The reason I brought this up ParticleGrl, is because reading business postmortems can be a very good source for understanding where things go wrong, especially when it involves technical people who do not place enough emphasis on the "business" side of things.

The above doesn't change the certainty argument, but it can give insight into why certain classes of people with certain values, personalities, and other attributes can have the tendency to fail, even when they have other positive things going for them.
 
  • #416
You probably all missed it a while back. Even former CFTC judge George Painter blew the whistle about the corruption of the CFTC before he retired:

http://www.abajournal.com/news/arti...d_against_complainants_so_dont_reassign_my_ca

http://articles.latimes.com/2010/oct/26/business/la-fi-hiltzik-20101026

Painter, 83, detonated that bombshell recently in the course of announcing his retirement as an administrative law judge for the Commodity Futures Trading Commission, effective in January. In a public notice, he accused his lone colleague on the CFTC bench, Bruce Levine, of having made a vow nearly 20 years ago never to rule in a complainant's — that is, an investor's — favor.

In 1998, during the Clinton administration, then-CFTC Chairwoman Brooksley Born urged Congress to place over-the-counter derivatives, then a $100-trillion business, under the agency's control. She was rudely slapped down by her fellow financial regulators, who said things were fine. That was before derivatives helped bring down Enron Corp. in 2001 and the world financial system in 2008.

One of Born's predecessors as CFTC chair was Wendy Gramm, wife of former Sen. Phil Gramm (R-Texas), who pushed through key financial deregulatory legislation while he was senator.

After leaving the CFTC, Wendy Gramm joined the Enron board. She was still there when the company went under. The CFTC chair to whom Judge Levine supposedly made his pledge, according to Painter, was Wendy Gramm. (I couldn't reach her or Levine for their comments on Painter's remarks.)



Yup, nothing to protest about on Wall Street there.
 
  • #417
gravenewworld said:
You probably all missed it a while back. Even former CFTC judge George Painter blew the whistle about the corruption of the CFTC before he retired:

http://www.abajournal.com/news/arti...d_against_complainants_so_dont_reassign_my_ca

http://articles.latimes.com/2010/oct/26/business/la-fi-hiltzik-20101026


Yup, nothing to protest about on Wall Street there.


Just out of curiosity - and as per your specific post - what exactly is your complaint with Wall Street - again based on your post?
 
  • #418
WhoWee said:
A few thoughts.
Insurance is the transfer of risk from one party to another.

This is a good thing to bring up.

I'm wondering about what you guys (and gals) think about what should constitute legal bounds for insurance products.

Normally most people think of insurance to be things like insurance against loss of life, home and contents, and things like motor vehicle insurance.

Most people don't think about (or even know about) things like credit default swaps or credit default obligations.

In my mind, I think the legal definition for insurance to be issued, is that in order to insure something, you have to have legal ownership of whatever you are insuring. Any comments are more than welcome and definitely encouraged.

Ironically, I'm sure Wall Street could find a way to bundle that concept.:rofl

Jeez dude, don't give them any more ideas.
 
  • #419
WhoWee said:
Just out of curiosity - and as per your specific post - what exactly is your complaint with Wall Street - again based on your post?

Hmm, maybe because big business on Wall Street and our government are in the same bed? Maybe because of the fact that people within our government that are in charge of regulating our most important financial monitoring instruments have been corrupted and rule against small investors like you and me constantly or make decisions while having extremely questionable conflicts of interest? You have to be really thick to not be able to connect the dots.
 
  • #420
Here we go again:

http://newyork.cbslocal.com/2011/10/12/wall-street-protester-proclaims-the-jews-control-wall-st-in-zuccotti-park-rant/"

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  • #421
I think I should ask an important question for clarification: What do you think success means for you, and how would you define a "consensus" based idea of success?

Alright, but you answer this- is a middle aged biology phd flat broke with no savings, and no lab access making $8.50 an hour a success by ANY definition? Can you think of definitions of success in science that a nobel prize winner wouldn't fit? A nobel winner shaped their field in a tremendous and lasting way. Do you admit that Doug Prasher's scientific career would have been totally different (and more successful) had a tiny bit more soft money come his way while he was at woods hole?

For me, success in science is a career that let's you do some research that also provides a lower middle class income (maybe 30k-40k a year) and enough stability to have children, but I fail to see why this is relevant.

You seem to be doing your best to dodge what I think to be a fairly obvious point- plain old bad luck can overcome any amount of hardwork,savvy,skill,persistence, etc. As people we want to ascribe failure to patterns of behavior or whatnot, but a lot of life is simply luck. A lot more things are lotteries than we care to admit.
 
  • #422
whowee said:
it's time to clean up the park.

bingo.
 
  • #423
ParticleGrl said:
I have an ivy league physics degree and a top 10 phd in physics. I can program in fortran and have spent the last year boning up on c++, sql, etc. Anything employers might be looking for, I'm trying to learn. I have a strong statistics background. When people talk about high skilled jobs, they are generally talking about jobs requiring math, science and computing, and yet, I tend bar.

Two things:

1) Are physics Ph.Ds really in high-demand though? My understanding is that many physics Ph.D's have trouble finding jobs...?

2) You might be over-qualified to a lot of employers. You have a Ph.D in physics. You may be perfectly capable of doing jobs in math and statistics for example, but if an employer can higher a Ph.D to do the job versus an engineer or mathematician with a master's degree who can do the job just as well and for less pay, they will go for them. One of the things I have often read is do not go for an engineering Ph.D right off the bat for example, because you can make yourself over-qualified for the job.
 
  • #424
ParticleGrl said:
Alright, but you answer this- is a middle aged biology phd flat broke with no savings, and no lab access making $8.50 an hour a success by ANY definition? Can you think of definitions of success in science that a nobel prize winner wouldn't fit? A nobel winner shaped their field in a tremendous and lasting way. Do you admit that Doug Prasher's scientific career would have been totally different (and more successful) had a tiny bit more soft money come his way while he was at woods hole?

For me, success in science is a career that let's you do some research that also provides a lower middle class income (maybe 30k-40k a year) and enough stability to have children, but I fail to see why this is relevant.

You seem to be doing your best to dodge what I think to be a fairly obvious point- plain old bad luck can overcome any amount of hardwork,savvy,skill,persistence, etc. As people we want to ascribe failure to patterns of behavior or whatnot, but a lot of life is simply luck. A lot more things are lotteries than we care to admit.

Ok, I'll take a crack at it.

First I will divide success into two parts: personal success and social success. Personal success is the success that the individual gets that is not in any connected socially (i.e. with other people), and the social success is the success that comes with success involved by other people in society.

For personal success, I would define a successful scientist as one who learns about the world and then uses that in any endeavor to accomplish something. I say something because that something may literally be anything: it may benefit ordinary people, it may benefit only a nations military, or it may only benefit the sole person themselves. All possibilities are equally likely, and in my opinion, it is naive to think that all science benefits everyone equally.

For social success, this depends largely on psyche of the person involved. There are a lot of people who are just happy, like the teacher that sees their student motivated to do something that they taught. No-one really knows them, and they don't really care, because social success is not what they crave. For others, they will crave success and acceptance from their peers, and may take many opportunities to make sure that people in their company knows this.

To answer your question, my definition of social success, is that if I did have an impact on some group of people or set of people, I would be happy knowing that it helped them and just leave it at that. The rest is just window dressing.

However I should point out that I would also add your definition of being able to meet basic needs like paying the rent, being able to eat, and other survival based needs are important.

When I talked about success I was only looking at the very top of Maslows hierarchy which deals with self-actualization, and not the only levels, and as such I say that I did not incorporate the other levels which was a big mistake.

Also like I said previously, if someone wants to do something they need to research what they are getting themselves into and the possibilities of what can happen, and I would expect a bidding scientist to be more keen to do this over other people.

There are many scientists out there telling people of the realities of science. In fact there are people that do science in their own time: that is the time outside their full-time job that pays the rent, and feeds the body. Some of them publish (and are able to) in so called peer review journals as well just in case you are wondering.

If you want a concrete example of someone that is trying to solve this issue, ask twofish-quant himself. He has spoken numerous times about solving the dilemma of being financially setup to do science, and he has offered a lot of good advice about using different resources in different ways to meet his goal.

I do agree that luck is an element in life, but I can absolutely not agree that all or even a majority of life is luck. We set things in motion that will effect us ten, even twenty years in the future. We have to make choices every day, and major choices every other day. I just can't accept your statement of luck being the major force. In my experience, the people that feel they have attained some measure of success are the ones that 1) work hard and are responsible for their life and 2) have a positive attitude and 3) always want to develop themselves and be around like-minded people. It's my observation, but it has been consistent.
 
  • #425
ParticleGrl said:
Also, I'm not sure why the conventional wisdom is US dynamism. Europe had been closing the unemployment gap for years, and now is comparable to our unemployment rate.

Are they comparable to us or we are comparable to theirs? (we just had a big crisis remember).

ParticleGrl said:

Keep in mind though that the Center for Economic and Policy Research is a progressive think-tank. Not saying that discounts their study, but I mean they likely have some degree of a political slant to their studies. What confuses me about the study however is that if that was the case, I mean the United States has among the most business-friendly environments of all countries (in France, up until a few years ago for example, it was illegal to start a home-based business). It also has some of the most lenient bankruptcy laws, which are meant to incite entrepreneurship. Other countries may have universal healthcare systems, but almost all of them have more stringent bankruptcy laws. The result is that fewer people will start businesses because if they fail, it can ruin them for life financially. Spain, for example, has very course bankruptcy laws.

We can also see the flight of businesses from states within the United States that regulate and tax a lot to states that are more lenient regarding regulations and taxes (California has had a huge problem with this).
 
  • #426
CAC1001 said:
2) You might be over-qualified to a lot of employers. You have a Ph.D in physics. You may be perfectly capable of doing jobs in math and statistics for example, but if an employer can higher a Ph.D to do the job versus an engineer or mathematician with a master's degree who can do the job just as well and for less pay, they will go for them. One of the things I have often read is do not go for an engineering Ph.D right off the bat for example, because you can make yourself over-qualified for the job.

I broke off a PhD in CS since it wasn't worth the investment anymore for that reason. Then again, I think that was a lousy decision.
 
  • #427
ParticleGrl said:
If you read the post, I was suggesting LESSENING the negative incentive of failure. Even with universal healthcare (for instance), there are plenty of negatives associated with having a business fail.

Similarly, there is no penalty for success. If your business does better, you make more money, regardless of the marginal top rate.

By your definitions, there is still a punishment for failure and a reward for success.

And besides semantics, we need to ask ourselves a policy question- Do we want to encourage small business growth and entrepreneurship? If we do, the current policy is not working. As far as I can tell, there is very little (basically no) data suggesting that top marginal tax rates have much impact on productivity or entrepreneurship- so why focus on top marginal tax rates as any kind of driving factor? There appears to be a stronger correlation between health care and a thriving small business sector.

This shouldn't be about ideology, it should be about goals. Do we want to encourage small business growth? If no, then fine, reduce healthcare spending and cut taxes. If yes, then maybe we should look at a universal healthcare system.



Its total employment, so it should be included. You can do some of the analysis yourself if you like on the OECD stats page. http://stats.oecd.org/Index.aspx We live in an age of data.

Also, I'm not sure why the conventional wisdom is US dynamism. Europe had been closing the unemployment gap for years, and now is comparable to our unemployment rate.

I think we found the Crux of one of the issues right here.

This shouldn't be about ideology, it should be about goals. Do we want to encourage small business growth? If no, then fine, reduce healthcare spending and cut taxes. If yes, then maybe we should look at a universal healthcare system.

I feel that giving people money and health benefits discourages them form working to attain those same things.

1. Nobody has said medeicaid and medecare need to go away infact the only thing that I have seen at all about "reducing healthcare" was not expanding the qualifications for Disibility.

2. Reducing taxes puts more money into people hands so they are more comfortable taking a risk knowing they have a savings to fall back on. You would prefer that savings bein the governments hands and have them decide who gets it. I would rather it be in my bank account and I decide how to use it.

3. Universal health care will not in any way increase empolyment.

Not to long ago when I got out of the amry and went back to college plenty of people in my peer group needed to decide if they wanted to go after a graduate degree. Many were over the age that you were covered on your parents insurance. So the choices were:

a. Get a job with benfits and maybe go back to school someday
b. Get an advanced degree and have no health insurance
c. Get a degree while working a part time job and spend the majority of that income on insurance
d. Be fortunate enough to have parents willing to pay to cover you.

Now all of these are choices and any of them could still involve significant student loans. This is the Crux you want to these people to not have to worry about it.
I want these people to need to make a responsible choice based on their goals and expectations.

If you have a spouse that is still in undergrad program then choice a is wise. If you are a young and healthy person with no dependants then b can work. If you are somebody who is concerned about your health and wants to have a just in case plan then c could work. Then there will always be the people who get to go through life care free because the previous generation worked hard for them and they can choose to do the same for the kids they have or not.

The point is spend your own money on health insurance or get a job but do not force me to buy your health care while you get a PHD in English.
 
  • #428
gravenewworld said:
Hmm, maybe because big business on Wall Street and our government are in the same bed? Maybe because of the fact that people within our government that are in charge of regulating our most important financial monitoring instruments have been corrupted and rule against small investors like you and me constantly or make decisions while having extremely questionable conflicts of interest? You have to be really thick to not be able to connect the dots.

Thank you for connecting the dots. I'm glad you realize Wall Street doesn't operate in a vacuum.

Are you following this story? (label IMO - given the source)

http://www.humanevents.com/article.php?id=46761

"How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.

The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice the size of the money sent down the Solyndra drain."


*****
"According to the Department of Energy (DOE) website, the CVSR project will create 350 construction jobs during the two-year build and 15 permanent jobs—presumably those are the squeegee men for keeping the panels clean.""


*****
""If $80 million per permanent job seems a little high, even for the current Obama administration, you are correct. In addition to the 350 construction jobs and the 15 squeegee men, there will an as-yet-undetermined number of jobs created building the panels for the CVSR—in Mexicali, Mexico."


*****
"The good news for Mexican jobs seekers did not affect the DOE's loan guarantee to SunPower. Hours before the DOE 1705 loan program expired at the end of Fiscal Year 2011 on Sept. 30, the $1.2 billion in loan guarantees was approved for the company.

Insiders get liquid through for $1.4 billion friendly buyout from France.

If that timing seems odd to you, consider the time line of company events around when the loan was announced April 12: just two weeks before France's Total Oil (TOT-NYSE) launched its friendly takeover.

The deal, made public April 28, was in effect a 60% buyout at $23.25, then a 60% premium over the stock's trading price, which allowed insiders to get liquid.

SunPower CEO Werner is typical of the insiders. On May 24 he exercised his right to purchase 428,343 shares at $3.30 per share, a $18 discount from the day’s trading range. He sold 478,084 shares June 15, the day the Total Oil takeover closed, at $23.25 for proceeds of $11,115,453."



I think you might want to add special interest groups - "green" ones - to your list.
 
  • #429
Vanadium 50 said:
Message 82.

Admin note: This is http://occupywallst.org/forum/proposed-list-of-demands-for-occupy-wall-st-moveme/" . This is a forum post submitted by a single user and hyped by irresponsible news/commentary agencies like Fox News and Mises.org. This content was not published by the OccupyWallSt.org collective, nor was it ever proposed or agreed to on a consensus basis with the NYC General Assembly. There is NO official list of demands.
bolding mine

I have to admit, the list is pretty funny. Oh! How's this for conspiracy theory; someone from Fox news posted the list so they could have something to complain about. Why focus on corruption in government & wall street, when you can just call people names all day long.
"Yah! Stupid lazy hippy digging up the flower bed commies..."

ps. sorry I'm so far behind in the thread.
 
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  • #430
  • #432


Jarfi said:
This is the truth they don't want you to hear.

While I'm sure it's good stuff, the above phrase is a textbook conspiracist phrase. And it links to a video about which there's no description given.

Do us a favour and summarize. One sentence will do.
 
  • #433


DaveC426913 said:
While I'm sure it's good stuff, the above phrase is a textbook conspiracist phrase. And it links to a video about which there's no description given.

Do us a favour and summarize. One sentence will do.

Well it's a statement made by the wall street protesting movement, it's about many of the things that are wrong with the system and about corruption, they are asking for a better world.
 
  • #434


I already saw this before. I give him kudos for the the good coverage but I'm not a fan of Keith Olbermann.
 
  • #435


Jarfi said:
Well it's a statement made by the wall street protesting movement, it's about many of the things that are wrong with the system and about corruption, they are asking for a better world.

How can you be certain the statement isn't the commentator's?
 
  • #436


WhoWee said:
How can you be certain the statement isn't the commentator's?

I don`t think we can. I mean it reflects a lot of the feeling I`ve gotten before about Keith Olbermann views. Anyway it sounds better representative then the list you`ve previously provided but I guess without surveying the views of the people we can`t be sure.
 
  • #437
Occupy protests go global. Today more than 950 protests held in over 80 countries. Some of them:

Spain:
60,000 people were protesting in Barcelona, and 20,000 in Seville.
Italy:
100,000 protesters on the streets of Rome.
Germany:
About 4,000 people marched through the streets of Berlin, with banners calling for an end to capitalism.
5,000 people gathered to protest in the German city of Frankfurt in front of the European Central Bank.
England:
4,000 protesters gathered in financial district of London.
Astralia, Asia and New-Zeland:
In Auckland, New Zealand's biggest city, 3,000 people chanted and banged drums, denouncing corporate greed. About 200 gathered in the capital Wellington and 50 in a park in the earthquake-hit southern city of Christchurch.
In Sydney, about 2,000 people, including representatives of Aboriginal groups, communists and trade unionists, protested outside the central Reserve Bank of Australia.
Hundreds marched in Tokyo, including anti-nuclear protesters. In Manila a few dozen marched on the U.S. Embassy waving banners reading: "Down with U.S. imperialism" and "Philippines not for sale".
More than 100 people gathered at the Taipei stock exchange, chanting "we are Taiwan's 99 percent" and saying economic growth had only benefited firms while middle-class salaries barely covered soaring housing, education and health care costs.
In Hong Kong, home to the Asian headquarters of investment banks such as Goldman Sachs, over 100 people gathered at Exchange Square in the Central district. The Correntewire blog has some great pictures of the Honk Kong protests.
About Hong-Kong protests here: http://www.correntewire.com/the_banner_says_it_all
http://www.guardian.co.uk/world/blog/2011/oct/15/occupy-wall-street-times-square
Canada:
Protests were planned in 15 cities including Vancouver, Calgary, Winnipeg, Toronto, Montreal, Quebec City and St. John's.
3, 000 people gathered in Toronto’s financial district.
Between 2,000 to 3,000 people gathered in front of the Vancouver Art Gallery. In Montreal, hundreds of people gathered in Victoria Park, some with signs denouncing capitalism.
http://www.cbc.ca/news/business/story/2011/10/15/occupy-canada-saturday.html?cmp=rss
USA
Tens of Thousands in Streets of Times Square.
http://occupywallst.org/
The longer list of protests can be found here:
http://www.demotix.com/global-occupation

https://www.youtube.com/watch?v=lOBCWqASDb0
 
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  • #438
mege said:
I think their first mistake is comparing the blight in the US to that of Egypt, Spain, and Greece.

IMO: even at our 'worst' we're still doing better than those three countries at their peaks overall.

Some college grad with an English BA not getting a 60k/yr job right away and not being able to afford an iPhone every 6months is not a blight.

We still have a right to improve our own living conditions by getting a say in our government. America is the posterboy of "democracy" and it should be that the sentiment of the majority of its citizens should prevail no matter what class, profession, or background they come from.
 
  • #439
vici10 said:
Occupy protests go global. Today more than 950 protests held in over 80 countries. Some of them:

Spain:
60,000 people were protesting in Barcelona, and 20,000 in Seville.
Italy:
100,000 protesters on the streets of Rome.
Germany:
About 4,000 people marched through the streets of Berlin, with banners calling for an end to capitalism.
5,000 people gathered to protest in the German city of Frankfurt in front of the European Central Bank.
England:
4,000 protesters gathered in financial district of London.
Astralia, Asia and New-Zeland:

About Hong-Kong protests here: http://www.correntewire.com/the_banner_says_it_all
http://www.guardian.co.uk/world/blog/2011/oct/15/occupy-wall-street-times-square
Canada:
Protests were planned in 15 cities including Vancouver, Calgary, Winnipeg, Toronto, Montreal, Quebec City and St. John's.
3, 000 people gathered in Toronto’s financial district.
Between 2,000 to 3,000 people gathered in front of the Vancouver Art Gallery. In Montreal, hundreds of people gathered in Victoria Park, some with signs denouncing capitalism.
http://www.cbc.ca/news/business/story/2011/10/15/occupy-canada-saturday.html?cmp=rss
USA
Tens of Thousands in Streets of Times Square.
http://occupywallst.org/
The longer list of protests can be found here:
http://www.demotix.com/global-occupation

https://www.youtube.com/watch?v=lOBCWqASDb0

Capitalism is flawed. In many ways. And I hate how the media always has to mark you as either communist or capitalist or socialist. What if I am none of these things! ****ing narrow minded fox news idiots. There aren't just two ways of controlling a society. There are endless different ways. We have to find the right way to control the people. There would probably have to have taxes. And all schools, hospitals should be free(payd by taxes).
 
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  • #440
Jarfi said:
Capitalism is flawed. In many ways. And I hate how the media always has to mark you as either communist or capitalist or socialist. What if I am none of these things! ****ing narrow minded fox news idiots. There aren't just two ways of controlling a society. There are endless different ways. We have to find the right way to control the people. There would probably have to have taxes. And all schools, hospitals should be free(payd by taxes).

Communism and socialism has a bad name in USA and it is not surprising. There were many years of propaganda in USA against Soviet Union during the cold war. So I can understand why you do not want to be called communist. Also I guess you do not own capital, means of production. You are probably either a student or a wage earner (this is my guess), hence you can not be a capitalist.

In other things I agree with you. People should find a way to change or improve the system if they think that the present one is broken. Judging by world wide protests people are dissatisfy and angry.
 
  • #441
vici10 said:
Communism and socialism has a bad name in USA and it is not surprising. There were many years of propaganda in USA against Soviet Union during the cold war. So I can understand why you do not want to be called communist. Also I guess you do not own capital, means of production. You are probably either a student or a wage earner (this is my guess), hence you can not be a capitalist.

In other things I agree with you. People should find a way to change or improve the system if they think that the present one is broken. Judging by world wide protests people are dissatisfy and angry.

Well I am a student, and also if usa used propaganda so much, and I don't know anything about communism, I don't have the right to judge it. Maybe the fundementals of communism were good, but it got corrupted like capitalism.
 
  • #442
Jarfi said:
Well I am a student, and also if usa used propaganda so much, and I don't know anything about communism, I don't have the right to judge it. Maybe the fundementals of communism were good, but it got corrupted like capitalism.
:rolleyes: I suggest you look into it.
 
  • #443
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html

Oct.-Nov. 1999

Congress passes Financial Services Modernization Act


After 12 attempts in 25 years, Congress finally repeals Glass-Steagall, rewarding financial companies for more than 20 years and $300 million worth of lobbying efforts. Supporters hail the change as the long-overdue demise of a Depression-era relic.

On Oct. 21, with the House-Senate conference committee deadlocked after marathon negotiations, the main sticking point is partisan bickering over the bill's effect on the Community Reinvestment Act, which sets rules for lending to poor communities. Sandy Weill calls President Clinton in the evening to try to break the deadlock after Senator Phil Gramm, chairman of the Banking Committee, warned Citigroup lobbyist Roger Levy that Weill has to get White House moving on the bill or he would shut down the House-Senate conference. Serious negotiations resume, and a deal is announced at 2:45 a.m. on Oct. 22. Whether Weill made any difference in precipitating a deal is unclear.

On Oct. 22, Weill and John Reed issue a statement congratulating Congress and President Clinton, including 19 administration officials and lawmakers by name. The House and Senate approve a final version of the bill on Nov. 4, and Clinton signs it into law later that month.

Just days after the administration (including the Treasury Department) agrees to support the repeal, Treasury Secretary Robert Rubin, the former co-chairman of a major Wall Street investment bank, Goldman Sachs, raises eyebrows by accepting a top job at Citigroup as Weill's chief lieutenant. The previous year, Weill had called Secretary Rubin to give him advance notice of the upcoming merger announcement. When Weill told Rubin he had some important news, the secretary reportedly quipped, "You're buying the government?"
 
  • #444


DaveC426913 said:
While I'm sure it's good stuff, the above phrase is a textbook conspiracist phrase. And it links to a video about which there's no description given.

A textbook conspiracist phrase? You got to be kidding.
 
  • #445
Jarfi said:
We have to find the right way to control the people.

Really? That's your solution? "Controlling the people?" What if the people tell you to jump in the lake?
 
  • #446
Evo said:
I suggest you look into it.

Indeed.

You might want to start with Pol Pot and the Khmer Rouge, and follow up with the Holodomor.

Communism has been tried many times, and in no case has it ever led to the promised worker's paradise.
 
  • #447
And I recommend to start learning about capitalism from its beginning in England, expropriation of the land from the agricultural population
[enclosers], child labor,market driven famines, conquest of Americas, disappearance of Native population and slavery.

For modern times, start with Spains' Franco and Chili's Pinochet and their concentration camps. Capitalism seems to start with imperialism, to accumulate capital. Later it seems to do well only with presence of strong anti-capitalist opposition, that forces capitalists to share with their workers. With disappearance of Soviet block, capitalists do not see a need to share their wealth. And at the present capitalism is in the deep economic crisis worldwide.
 
  • #448
DoggerDan said:
Really? That's your solution? "Controlling the people?" What if the people tell you to jump in the lake?

What on Earth are you talking about? All I am saying is that current systems in use(kommunism/capitalism) are flawed or not being used correctly. I am saying that we need to find the right system to control a country...
 
  • #449
According to a poll that was published in Time magazine 54% of Americans support Occupy Wall Street protests and only 23% do not.

Q11. IN THE PAST FEW DAYS, A GROUP OF PROTESTORS HAS BEEN GATHERING ON WALL STREET IN NEW YORK CITY AND SOME OTHER CITIES TO PROTEST POLICIES WHICH THEY SAY FAVOR THE RICH, THE GOVERNMENT’S BANK BAILOUT, AND THE INFLUENCE OF MONEY IN OUR POLITICAL SYSTEM. IS YOUR OPINION OF THESE PROTESTS VERY FAVORABLE, SOMEWHAT FAVORABLE, SOMEWHAT UNFAVORABLE, VERY UNFAVORABLE, OR DON’T YOU KNOW ENOUGH ABOUT THE PROTESTS TO HAVE AN OPINION?

VERY FAVORABLE 25%

SOMEWHAT FAVORABLE 29%

SOMEWHAT UNFAVORABLE 10%

VERY UNFAVORABLE 13%

DON’T KNOW ENOUGH 23%

NO ANSWER/DON’T KNOW 1%
http://swampland.time.com/full-results-of-oct-9-10-2011-time-poll/
 
  • #450
vici10 said:
And I recommend to start learning about capitalism from its beginning in England [...]

Capitalism didn't "start." Capitalism is the natural state of human trade and commerce. It's not something that was designed, its what happens when you DON'T have a designed economy.

People bartering and trading their skills and possessions for other goods and services they need is the default arrangement.
 

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