Category: Business

Amtrak loses $1 billion per year

Amtrak loses $1 billion per year.

And this is despite the fact the riders have increased from 21.8 million annually to 30 million over the last decade. A thank you letter to the TSA is warranted.
 
What many liberals don’t get is that money isn’t a magic solution to all problems but a mere communications tool. Yes, if Amtrak was run for a profit the Sunset Limited from LA to New Orleans would disappear. On the other hand, prices would drop for those going from Boston to D.C. and points in between and travelers would be confident of getting a seat. Maybe even the station in Chester would reopen.
 
And taxpayers would have more money to spend on things they actually want. such as buying a motorcycle and riding that from LA to the Big Easy. Pretend you’re Peter Fonda.
 
By the way, the tracks between LA and New Orleans wouldn’t be mothballed. They’d be leased to one of our privately owned freight lines which are the most cost effective in the world. Remember environmentalists, it is a lot better for the planet for a person to travel by motorcycle and let 5,000 refrigerators travel by rail.  
 
 
Amtrak loses $1 billion per year

Hipsters, Reality And Social Justice

For you hipsters out there proclaiming social justice tweet this on your iPad: A riot involving 2,000 persons occurred, Sept 23, at the Chinese Foxconn plant that makes Apple’s flagship products. Hipsters, Reality And Social Justice

Foxconn said it was a mere “personal dispute”.

Internet reports say that the “personal dispute” involved security guards beating some Foxconn workers at an employee dorm.
But everything’s cool in Obama World. The plant opened the next day.
Hipsters, Reality And Social Justice

Chick-A-Boom-Fil-A in Springfield

Gene Ontjes, the manager at the Chick-fil-A in Springfield Park at Baltimore Pike and Woodland Avenue, Springfield, Pa., happily directs the overwhelming traffic at the drive-through about 12:30 p.m., today, Aug. 1. Chick-A-Boom-Fil-A
The place was packed with a racially mixed crowd of moms, store clerks and contractors. All tables were filled and the lunch line went from the counter to the entrance. Well it was Chick-fil-A Appreciation Day after all. The national event was declared after the popular, high-quality chain came under fire from activists and Democrat politicians because its Chief Operating Officer Dan Cathy, who is the son of  founder S. Truett Cathy, expressing disapproval of gay marriage.
Many said they were specifically patronizing the store that day to show solidarity with Cathy. One suspects that if it is the first time they’ve been there they will be back. The regulars expressed bemused tolerance of the extra-long lines adding their support.
 Chick-A-Boom-Fil-A

The 1 Percent Are Democrats

So who is this 1 percent?

According to Bloomberg, the big dogs in the group are entertainment executives who easily eclipse the Wall Street guys.
The top three entertainment barons are Les Moonves, the CEO of CBS Corp.  who got $69.9 million in 2011; David Zaslav of Discovery Communications Inc. who got $52.4 million, and Philippe Dauman at Viacom Inc. who paid $43 million.
Compare that to the top-paid on Wall Street:  Jamie Dimon at JPMorgan Chase & Co, $23 million;. John Stumpf of Wells Fargo & Co., $17.9 million; and Lloyd Blankfein at Goldman Sachs Group Inc.;  $16.2 million.
Even  Brian Roberts and Steve Burke of Philadelphia’s own Comcast would have headed that class with pay  of $27 million and $24 million, respectively, despite pay cuts of 13 percent and 32 percent, respectively  from 2010.
You know just about all these guys were Obama supporters in ’08, right?
The 1 Percent Are Democrats
The 1 Percent Are Democrats

Small Business Not Hiring

Small Business Not Hiring — Continuing to do the jobs that the official Bureau of Labor Statistics seem unwilling to take on, Gallup is reporting that 85 percent of small business owners are not hiring workers.

About half of those not hiring said the reasons are concern about future health cost and government regulations.

About a quarter said they weren’t sure they’d still be in business in 12 months.

Small Business Not Hiring

Up Is Down When It Comes To Unemployment

War is peace,  freedom is slavery, ignorance is strength, and, when it comes to unemployment, up is down, as Barack Obama’s administration continues to practice the lingo of Orwell’s Oceania.

Reader Tom C sent this link to an article by Mish’s Global Economic Trend Analysis showing how unemployment is much higher than what the Bureau of Labor Statistics claims. Note that Mish is citing a Gallup survey.

Up Is Down When It Comes To Unemployment
War is peace,  freedom is slavery, ignorance is strength, and, when it comes to unemployment, up is down, as Barack Obama's administration continues to practice the lingo of Orwell's Oceania.

Men Like Mobile Ads

Men Like Mobile Ads — Sixty-nine percent of millennial men — who are defined as being those between the ages of 18 and 29 — recall seeing a mobile ad on their cell phone according to eMarketer.Com and 40 percent of them enjoy the ads.

Of millennial women, however, only 46 percent of them recall seeing such ads with a mere 12 percent liking them even just a teeny tiny bit.

Mobile ads are The Three Stooges of marketing.

Men Like Mobile Ads

AmericasMart Vs Pennsylvania Convention Center

AmericasMart Vs Pennsylvania Convention Center — A friend of mine had a booth at a trade show at AmericasMart in Atlanta last month. She told me she had her own people set it up. She said the convention center people would have transported her display from the loading dock to her space at $25 per pallet but she had a couple of dollies in the van so she didn’t need them.

It saved her $150.

For your laugh for the day imagine that happening in Philly.

 

AmericasMart Vs Pennsylvania Convention Center

Mortgage settlement screws people who pay on time!!

Mortgage settlement screws people who pay on time!! Sounds crazy,right?Just follow the details here and see for yourselves.
http://www.businessinsider.com/watch-dick-bove-go-ballistic-over-the-mortgage-deal-from-hell-2012-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=BI%20Select%20Recurring%202012-02-09

Mortgage settlement screws people who pay on time

Bernake contradicts Obama?

Bernake contradicts Obama — Bernanke Finally Says Something That Seems to Make Sense “8.3% Unemployment Understates Labor Weakness”; Critique of Bernanke’s 2014 Pledge; Perfectly Useless Projections

Posted: 08 Feb 2012 10:19 AM PST

I nearly always disagree with Bernanke on monetary and fiscal policy. Specifically, the Fed ought not have a monetary policy for the simple reason the Fed should not exist.

Indeed, the Bernanke Fed and the Greenspan Fed have both proven beyond a shadow of a doubt they do not know what they are doing, where the economy is headed, or anything else of relevance in setting monetary policy.

However, on rare occasions, Bernanke can say a few snippets that seem to make complete sense. For example, Bernanke Says 8.3% Unemployment Understates Labor Weakness.

Federal Reserve Chairman Ben S. Bernanke said the 8.3 percent rate of unemployment in January understates weakness in the U.S. labor market.

“It is very important to look not just at the unemployment rate, which reflects only people who are actively seeking work,” Bernanke said today in response to questions at a hearing before the Senate Budget Committee in Washington. “There are also a lot of people who are either out of the labor force because they don’t think they can find work” or in part- time jobs.