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Old 08-30-2011, 01:08 PM
 
Location: NJ
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http://www.nytimes.com/2011/08/30/op...gewanted=print
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Old 08-30-2011, 01:09 PM
 
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Quote:
Originally Posted by bobtn View Post

Thank god you reached the 10 word minimum on your commentary.
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Old 08-30-2011, 01:13 PM
 
Location: NJ
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Didn't know they limit it!

Shocking to see a Times (one-time guest) columnist understand the issue.
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Old 08-31-2011, 07:18 AM
 
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"Rebuilding our manufacturing capacity requires the demolition of the idea that the United States can thrive on its service sector alone. "

agreed - I have been hearing that "service jobs" are the way of the future - from BOTH parties for decades now, and always thought it was a lot of (you know what).
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Old 08-31-2011, 07:50 AM
 
Location: Nebraska
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There are other things involved here that the author does not mention; such as the destabilization of unions, the educational accent on technology, advanced mathematics, and the sciences as well as the cessation of "everyone is equal, everyone wins a prize", and the accent on competition instead of lassitude and acceptance. In 30 years I have watched the education and business sectors become nothing more than overweening bureaucracies, solely concentrating on self-gratification and self-continuity, which destroys innovation and punishes creativity. The lucky few who are able to ignore and bypass these hampering and stultifying attitudes can create, can achieve, can produce - but often against high odds. To restart the American ingenuity, we must first stop crippling it with endless law-and-ordinance enforced conformity, and second, stop insisting that everyone is mediocre and unable to achieve above a set plane of goals. Third, we must re-institute giving government grants - not to instructors and chemists and inventors striving to prove a predetermined "x", but to innovators who are attempting to prove the unknown "y". When we went to HS, there were three seperate levels of education and achievement - Academic, mechanical, and service. Most of the students who attended academic classes went on to be lawyers, doctors, inventors, writers, and educators. Those who attended the mechanical classes went on to become not only mechanics, but inventors of problem-solving technology as well as accountants and economists. Those in the third group (much smaller then) only wanted to work in menial jobs, so they were taught the basics of home money management and domestic work. Now it seems most HS's only want to teach the service levels, and are terrified of encouraging the mechanical and academic students to achieve and become. Until we change our attitudes in business and in education, we will still stagnate in progressive achievement and accomplishment. You can pour all of the government money you want into businesses and education, but unless you are getting an acceptable (innovative, creative, cost-effective, and endurable) product, you are whistling in the wind.
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Old 08-31-2011, 10:11 AM
 
Location: NJ
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Great post, SCGranny. Despite majoring in Accounting, IMO we have put too much emphasis on this quarters results, corp by corp, across America. In prior decades, this quarter was de-emphasized with more emphasis placed properly on long-term goals, which were in sync with corporate long-term visions. I would be enthralled to see a substantial surtax placed on short-term stock trading, with a userous one on day/week trading as a means to rid Wall Street of most arbitrage. I'd also like to see execs taxed the same way; bonuses based on meeting quarterly goals should be subject to giant taxes, with a super low rate for execs' bonuses that were based on attaining goals that took 5 years or longer to achieve, and that had been set as tragets at the start of the period. That would also rid the executive wings of nomads, who never stay long enough to understand the corporate goals and long-term vision.
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Old 08-31-2011, 05:57 PM
 
Location: Nebraska
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Quote:
Originally Posted by bobtn View Post
Great post, SCGranny. Despite majoring in Accounting, IMO we have put too much emphasis on this quarters results, corp by corp, across America. In prior decades, this quarter was de-emphasized with more emphasis placed properly on long-term goals, which were in sync with corporate long-term visions. I would be enthralled to see a substantial surtax placed on short-term stock trading, with a userous one on day/week trading as a means to rid Wall Street of most arbitrage. I'd also like to see execs taxed the same way; bonuses based on meeting quarterly goals should be subject to giant taxes, with a super low rate for execs' bonuses that were based on attaining goals that took 5 years or longer to achieve, and that had been set as tragets at the start of the period. That would also rid the executive wings of nomads, who never stay long enough to understand the corporate goals and long-term vision.
Hadn't thought of your former proposition; that of the surtax on 'in-and-out' profiteers, but that is a GOOD one!

As for the latter - corporate long-term goals - Having worked with developers in my previous life, we could tell the difference in the "get rich quick" guys and the "long-term" guys from day one. The ones who really wanted to build something ongoing and lasting would discuss planning, infrastructure, the costs and the benefits, the algebraic rationale between infrastructure (both people and 'bricks and mortar' things like police stations, fire stations, roads, sewer, etc) all day long. The "get rich quick guys" would come in with their high-handed proposals and demand that our town and county PAY for THEIR infrastructure because they were going to bless us with their wonderful presence. Of course when the bubble burst, many were impacted and disappeared - but none more swiftly that the "get rich quick" guys. I see the "get rich quick' businesses as all having the same entitlement attitude - we should all pitch in and pay for their poor quality output so they can abscond with the loot and leave everyone else out to dry. It happened in the dot.com bubble too...

We need to knock off chasing and praising and salivating after every brannew "great thing" and start building businesses and product from the ground up again. Otherwise we are going to continue to go from boom to bust to boom, sinking lower and lower in our production, as well as our employment, while costs go up and productivity fails.

If I ran for Prez, you'd be my Bernanke!
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Old 08-31-2011, 06:12 PM
 
Location: NJ
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Bingo, SCGranny. Football games are won blocking and tackling, not via sexy plays. The equivalent (of blocking and tackling) in business is long-term strategic planning, not one-time gifts whether they are tax breaks of short duration, cutbacks on quality that eventually customers will leave you over, depleting reserves to reckless levels, or cutting R & D because you don't want to take the short-term cash hit. Those rewards are most likely long-term.
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Old 08-31-2011, 06:22 PM
 
5,409 posts, read 10,329,247 times
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Back towards the OP . . .

One word answer that cannot be spoken in Transnational Corporate Occupied and Owned America --

Tariffs.
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Old 08-31-2011, 07:23 PM
 
Location: NJ
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I'd only want tariffs short-term to prompt China to let their currency float. We should be able to compete otherwise. I can tell you mfg is far more relevent and sustaining in RTW than closed shop states, and it goes to the fact the other costs, taxes , utilities, etc..are also better controlled.

But tariffs matter less than this quarterly mentality where long-term means next quarter, and the exec team will be gone the first time a quarter comes in below expectations.
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