Where Did the Money Go?

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pocharle
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Re: where the money goes
pocharle   5/19/2012 4:15:07 PM
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I know this may be a bit unrelaistic BUT how about legislation that reigns in just how much lobbyists can have influence over legislation. Does that make sense?

tirlapur
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RE : Where Did the Money Go?
tirlapur   5/19/2012 8:27:23 AM
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In 2007, the companies generated an average of $378,000 in revenue for every employee on their payrolls. Last year, that figure rose to $420,000. But workers are seeing none of that increase in their pay.

@David, companies have used this recession as a tool to exploit the emoloyees. Employees are forced to work for extra hours and sometimes on weekends too. Employees are more worried about loosing their job rather than pay. I really hope this increase in revenue reaches the employees too.

Mr. Roques
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Re: A sad story
Mr. Roques   5/18/2012 4:33:15 PM
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They have it on bank accounts? international banks? I know that Apple has it abroad (mainly because of taxes), you can see what Mark Zuckerbeg did with his American Citizenship (taxes as well)... so maybe the POTUS and the US Government should find ways for those companies to re-invest that capital in the US, and give them certian tax breaks.

Crazy?

_hm
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Re: A sad story
_hm   5/16/2012 9:11:03 PM
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Yes, it looks quite discouraging. What will make these organizations do more hiring in USA?

 

Nemos
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A sad story
Nemos   5/15/2012 5:45:11 PM
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It is very depressing to have the feeling that something like that is going on. It is very sad when you read about it, and you have the confirmation that the situation is as you suspected it could be. A very sad story indeed , "Last year, that figure rose to $420,000. But workers are seeing none of that increase in their pay."

Ariella
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Re: where the money goes
Ariella   5/15/2012 2:49:34 PM
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@Bolaji, I'll have to take your word for it!

Bolaji Ojo
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Re: where the money goes
Bolaji Ojo   5/15/2012 2:39:00 PM
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Ariella, I know David. He is really a very optimistic kind of guy -- kind of. :)

Bolaji Ojo
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Re: where the money goes
Bolaji Ojo   5/15/2012 2:38:16 PM
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The hand is still feeding and Congress appears to be a real hog. A recently passed law would have tamped down on the type of trading that resulted in JPMorgan's huge loss but apparently, lobbyists managed to put off the implementation day. They fully plan to kill it or water it down eventually.

I recommend NY Times' Joe Nocera's latest op-ed on the same subject. You share the same sentiments. See: Make Banking Boring.

Ned Ludd
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Re: where the money goes
Ned Ludd   5/15/2012 1:40:03 PM
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Ariella, let's just say I have little faith in the Congress' inclination to bite the hand that feeds it. Benjamin

Ariella
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where the money goes
Ariella   5/15/2012 12:20:28 PM
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"and where it's gonna keep going." So you're feeling really optimistic about the future, aren't you?



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