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Comcast earned $16 billion on $74.5 billion in revenue for 2015. After paying an enormous amount o Federal corporate income taxes and a bit of interest, their net income was $8 billion. They take that profit machine and buy content providers. They own NBC-Universal. They'll be buying other monster content companies.
How exactly did you post that to the internet? Smoke signals?
Then why have they been crying lately about subscribers declining, ad revenue declining, etc..?
Comcast is a media company of which cable is one of its departments.
"You can find the report that the Social Security Administration just released right here. The following are some of the numbers that really stood out for me…
-38 percent of all American workers made less than $20,000 last year.
-51 percent of all American workers made less than $30,000 last year.
-62 percent of all American workers made less than $40,000 last year.
-71 percent of all American workers made less than $50,000 last year.
That first number is truly staggering. The federal poverty level for a family of five is $28,410, and yet almost 40 percent of all American workers do not even bring in $20,000 a year.
$20k/year is above poverty for households of one or two people.
$20k/year is above poverty for households of one or two people.
And not enough to affordably rent a 1BR apartment in many areas. e.g. in this area a $20,000 household would pay 61% of gross income to rent a 1BR apartment - IF any landlord would rent to them. (One person would pay 53% of gross income to rent a studio apartment.)
And not enough to affordably rent a 1BR apartment in many areas. e.g. in this area a $20,000 household would pay 61% of gross income to rent a 1BR apartment - IF any landlord would rent to them. (One person would pay 53% of gross income to rent a studio apartment.)
There are high COL areas and low COL areas. Around here on the East Coast $35k can buy you a 3bdrm house.
[$38k can buy you a du-plex. So you get a home to live in and an income stream]
I once spent a week near Waterville. Presumably state university towns are more substantial.
I know where Waterville is, I went there once for an over-nighter, they have a new hospital with a DeVinci operating robot that did a surgery on me. But otherwise I am not familiar with their accommodations.
Do Waterville homes have streams running through them?
Was your radio an AM-only device?
A week ago my wife took me to look at a DuPlex in Orono that is listed for $38k. It is basically near the center of town. Then we looked at a Four-plex apartment building on the market for $84k.
"You can find the report that the Social Security Administration just released right here. The following are some of the numbers that really stood out for me…
-38 percent of all American workers made less than $20,000 last year.
-51 percent of all American workers made less than $30,000 last year.
-62 percent of all American workers made less than $40,000 last year.
-71 percent of all American workers made less than $50,000 last year.
That first number is truly staggering. The federal poverty level for a family of five is $28,410, and yet almost 40 percent of all American workers do not even bring in $20,000 a year.
The SSA data include everyone whose FICA withholding is reported to the government, so it includes: teenagers, college students, recent immigrants, farm workers, part time workers, housewives working a few hours a week, old people on pensions and Social Security working a few hours a week, and... workers. I am always surprised by how many marginal people there are, but most of the people I just named live with someone else who is either working, receiving welfare benefits, or retired. They are not typically supporting themselves on these tiny wages.
Knowing how to interpret government statistics is something economists (I am one) do.
If you put as much effort into making money as you do into your epic C-D posts, you'd make $100K.
The SSA data include everyone whose FICA withholding is reported to the government, so it includes: teenagers, college students, recent immigrants, farm workers, part time workers, housewives working a few hours a week, old people on pensions and Social Security working a few hours a week, and... workers. I am always surprised by how many marginal people there are, but most of the people I just named live with someone else who is either working, receiving welfare benefits, or retired. They are not typically supporting themselves on these tiny wages.
Knowing how to interpret government statistics is something economists (I am one) do.
If you put as much effort into making money as you do into your epic C-D posts, you'd make $100K.
I was going to type a reply to his post but fortunately read through to the end.
Thanks for the above.
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