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Okay, how about state vs federal.
How about California vs U.S.
California can't print their own money, hence they have a debt crisis. Obviously, their tax rates, which are higher than most all of the other states, have not lead to 'economic booms'.
If Krugman was correct, California would have a cash surplus. LOLOLLLLL
You have your idiots on the right and then you have your idiots on the left. Krugman should supply some links to support his articles LOL.
Spending more than you have is a pretty simple concept.....and recipe for piss poor economics and the devaluation of the dollar.
It's a corporate tax deduction (aka the cost of doing business). The are not saying that CEOs don't pay personal income tax.
Sure, take it. Take the 2 days worth. Personally I'm tired of all the slanted posturing on both sides. For example: The republictards are whining about the looming automatic budget cut deal that cuts "500 billion" out of the military's budget. Okay, that's bs. When they keep saying 500, they forget to mention that is calculated over 10 years. 10x 50 billion.
If they are saying that 50 billion in one year out of the ballooning defense budget will break us, then those people all need a whack in the head.
The budget (when Harry does one) is supposed to be yearly by constitutional mandate. It doesn't make 2 sh**ts difference what happens next year or 10 years down the road because the budget changes yearly.
That's 11 more days worth. We're up to 13 days. 352 more days worth and we'll have a balanced budget.
Well if they closed that 'loophole', meaning if they made executive pay totally non deductible, that $9.7 billion in collections would pay for 2 days of the budget deficit.
woohoo
Article 30 of the Mexican Constitution:
http://www.oas.org/juridico/mla/en/mex/en_mex-int-text-const.pdf
I don't listen to Rush and don't care for him either.
The sad fact is that Palin, the irritating bumbling idiot she is, had more practical executive experience than the foreign exchange student/community organizer we have now. How's his economic policies working out for you?
Anchor babies, the offspring of pure illegals, get to vote. A challenge is needed to the 14th amendment, because the intent was solely for the descendants of slaves.
If the wetbacks are so proud of their roots, then maybe they should adhere to the Mexican Constitution:
Article 30 – Mexican nationality is acquired by birth or by naturalization.
a) Mexicans by birth are:
I. Those born in the territory of the Republic, no matter what the nationality of their parents is;
II. Those born in foreign territory, sons or daughters of Mexican parents born in national territory, a Mexican father born in national territory, or a Mexican mother born in national territory;
III. Those born in foreign territory, sons or daughters of Mexican parents by naturalization, of a Mexican father by naturalization, or of a Mexican mother by naturalization;
IV. Those born on board Mexican ships or aircraft, whether military or civil.
b) Mexicans by naturalization are:
I. Foreigners who obtain a naturalization document from the Secretariat of Relations.
II. The foreign woman or man who marries a Mexican man or woman, who has or establishes residence within national territory, and complies with the various requirements that the laws in effect specify.
Well then maybe you should keep reading. I voted for Hillary in the primary and McCain in the general.
The state of the union is to the point of voting for the 'better idiot'. I vote for the party that will do the least amount of lawmaking in general. Their track records of making laws speak for themselves. Too many laws on the books as it is anyway.
I doubt I'll vote this November. All this non-stop TV coverage of the swing states will come to an abrupt end in a soon to come election cycle, as Texas will be getting to the tipping point of going blue because of basically being overrun with illegals. We've got anchor babies out the whazoo here and it will no doubt catch up to us. Republictards keep thinking they can get those voters while the Democraps will get them by default. So when Texas turns and becomes a 'shoe-in' like California, just about no matter how you slice the electoral map, it's a goner. Florida may go solid blue before Texas, but either way, it will be there one way or the other soon enough.
That said, the union is on the down slide and has been that way for some time. There will be a day of reckoning and it won't be pretty. The problem with most Americans and politicians especially, is that they are too damn stupid and too arrogant to think it could happen here.
I think Ron Paul's ideas on monetary policy have merit, and are vastly better than the general consensus of how to handle the fed. Other than that, he's pretty much a quack.
What part of "I'm an independent" did you not understand?
Obama = pathetic
Biden= idiot
Romney= power tripping hand-me-down money clown liberal-leaning moderate
Ryan= is no more conservative than an early '70s democrat....blue dog lite
What's the problem? Trying to run from the obvious?
Total collections. That's it, that's all. 2 trillion to 2.5 trillion after the tax cuts.
Bring the correct charts
Well, since you gave a stupid, incorrect answer....
It was right at 2 trillion before and then ramped up to 2.5 trillion after the cuts.
You go chew on that a bit. Very relevant. Tax collections have never been higher under any other president than Bush #2.
jeez really
You say it was kept off. It was added to the national debt. The Democrats point at the cost of the wars every chance they get,,,,,and they obviously know 'what book it's kept it'.
We are talking about tax cuts and collections. Not spending. Those are 2 separate issues.
Spending, after all, is just a measure of much of the collections are going right back out the door.
We are talking about what is coming in the door.
Nobody wants to talk about the Bush tax cuts because either 1.) they can't stand the truth or 2.) they are clueless.
That answer would be in the court docs in the Southern District of New York Bankruptcy Court, with one Judge Gerber presiding.
No vacuum wanted. All I hear is that the Bush tax cuts ran up the deficit and the debt (most people probably don't understand the difference between deficit and debt).
That said, what were the collections before the cuts and what after?
Simple question.
We are not addressing government spending in this simple conversation, and no, Bush didn't keep a hidden set of books with money from China.
Simple question. Bush enacted not one, but two tax cuts. One before 9/11 and one after.
Now tell me this. What was the level of government collections before the tax cuts and what was it after?
I'm an Independent btw.
Let us discuss the rules of math.
While everyone's in the trench with him, somebody ought to remind him that after he gets done staring down barrels and such, maybe he could find the time to do something really hard, like pay property taxes.
Well after they can't be thrown out by a proxy fight because of the ownership limitation, they will have carte blanche freedom to pay themselves exorbitant salaries to the detriment of shareholders.
All this is... is an attempt by the board to protect their seats from any proxy fight. Nothing but a poison pill for voting rights, and a real sh..ty move by a board looking to line their pockets. They got rid of the last scamster, now look at this baloney.
Normally, charts aren't worth anything in BK stocks. Sometimes, though, they can tell you which way the rumors are going.
Sometimes rumors and anonymous sources are right.
jEEZ . The judge dismissed the case. IBM and QSGI made a stipulation between themselves to drop the case (that the judge never signed because he had been busy with his dismissal order for the MTD). Either way it is over. The 'settlement' is to drop the case with prejudice against refiling. The only benefit that QSGI got was that they relieved themselves of any potential liability of attorney's fees that they would have to pay to IBM. QSGI doesn't get squat.
If you don't see this hitting 3 billion, then I assume you don't hold anything here. At 3 billion, this is trading 12x nuisance value.
There should actually be a filing or pr reflecting the dismissal of the suit. I wouldn't hold my breath though.
Well if you interpret it exactly the way the nortel deal went (like you insinuate), the final bid was 5x the opening bid.
Take your pick 600 million or 1250 million, either one is no where near the over 3 something billion to get commons a distribution.
I just posted the link, if no one likes it, tough.
IMO it looks to be a fizzle, but this isn't storage wars or ebay so the bidding will continue until the other side stops bidding, no matter how long it takes, so who knows.
BTW storage wars has a lot of staged fake stuff, fyi for you know who.
The auction is wednesday, but that doesn't necessarily mean you will know the results wednesday. I think they have until the 13th to announce.
This isn't an ebay auction starting at a penny, the fact that there wasn't a stalking horse bid, coupled with these low opening bids and, if you read the entire article, the fact that bondholders are expecting around 600 million, it would be hard pressed to overlook the scenario that these patents just won't bring the money once thought.
But who knows.
Kodak Patent Opening Bids Come in Low (link)
http://online.wsj.com/article/SB10000872396390443517104577573551386718134.html
Correct on all points.
That would actually be quite the feat....betting the 3rd race....since the track is closed until September.
http://www.lonestarpark.com/Racing/RacingCalendar/
lol I'd like to know who these 3 posters are........
Hmmm, I said $1,500 in travel expenses....court said $1,500 in travel expenses, I said they're bill padding....court said as much too. All just a blind lucky guess on my part, lol.
I'm glad to see you're worried about my welfare. I never said I wouldn't flip it.
Take a trip through coal country? I've got 4 mines within a 40 mile radius of me. I can't help it if the union squeals like little girls every time they think someone is about to cut into their 'toy' payments, beer, and cigarettes.
They have this thing called 'reality' and 'global markets' and 'competition'. If you are compensating your employees too much, either cut it or liquidate. Simple.
Translation : We don't know what the hell we're doing so we are hiring someone to tell us that.
They don't 'deserve' anything. They can sit down, shut up, and take it like the rest of us. Go get yourself another job in this environment if you don't like a pay cut. Unions have gone the way of the government, they have yet to figure out companies don't have an endless supply of money, and they damn sure don't care about equity owners. Turn one sniff of a profit for stockholders, and then they come back with the common extortion tactics to try to suck every bit of it up.
Well I bought 500K here and I wouldn't touch Dynegy with a ten foot pole.
Level 2 sure is filled will market makers that don't deal with retail traders.
And no doubt there will be some big distressed players trying to pull the levers in their favor behind the scenes. Somebody will try to make a play with equity.
I will say this bankruptcy looks a lot better than Dynegy's (dyniq), and Litespeed has bought up around 30% of the outstanding shares over there (and still buying).
There were 92,868,882 shares of common stock with a par value of $0.01 per share outstanding on May 4, 2012.
http://sec.gov/Archives/edgar/data/1376812/000137681212000007/pcx-3312012x10q.htm
Considering it would only take approximately $23 million to give commons 25 cents, I wouldn't be surprised in the least if bondholders agreed to gift a distribution to shareholders to speed up the confirmation process. That's if the debtor tries to make the argument that their enterprise value upon emergence doesn't give existing equity any value. Either that, or they can expect a few months delay and pay double that or more in case administration expenses.
I use a 'fly-by-night' outfit called Fidelity that charges $7.95. They'll let me buy all the PCX I want.