From The Reformed Broker:

Consider the following insane things that we believe on Wall Street, that make no sense whatsoever in the real world:

1. Falling gas and home heating prices are a bad thing

2. Layoffs are great news, the more the better

3. Billionaires from Greenwich, CT can understand the customers of JC Penney, Olive Garden, K-Mart and Sears

4. A company is plagued by the fact that it holds over $100 billion in cash

5. Some companies have to earn a specific profit – to the penny – every quarter but others shouldn’t dare even think about profits

6. Wars, weather, fashion trends and elections can be reliably predicted

7. It’s reasonable for the value of a business to fluctuate by 5 to 10 percent within every eight hour period

8. It’s possible to guess the amount of people who will get or lose a job each month in a nation of 300 million

9. The person who leads a company is worth 400 times more than the average person who works there

10. A company selling 10 million cars a year is worth $50 billion, but another company selling 40,000 cars a year is worth $30 billion because its growing faster

Read the rest here.

In one sentence…

“..suffice it to say that ‘low and often non-existent profits’ and ‘monopoly’ are not really concepts that go together.”

Read the rest here: http://www.vox.com/2014/10/10/6954107/amazon-monopoly

Thomas Sowell with a sober perspective:

“What a non-judgmental society amounts to is that common decency is optional — which means that decency is likely to become less common.”

More gems can be found here: http://jewishworldreview.com/cols/sowell093014.php3

From QZ:

Nearly three-quarters of the Airbnb listings in the city violate zoning and other laws, according to a report by the state attorney general, with large-scale commercial operators reaping up more than a third of total rental revenue. Airbnb did not dispute the findings, and a spokesman said: “We need to move forward.”

From Yahoo Finance:

It appears as if Irish eyes won’t be smiling on U.S. corporations soon.

The government of Ireland is set to change its tax code tomorrow to eliminate some of those loopholes that American companies have come to love.  Among the targets– the so-called “double Irish” tax break.

Both the U.S. and European Union have taken Ireland to task for its low-tax policies.

“There really does seem to be pressure on Ireland and these other countries that really went to the extreme, to kind of go into business as a tax haven,” says Yahoo Finance columnist Michael Santoli.

American firms such as Facebook (FB) and Apple (AAPL) have avoided billions in taxes thanks to the generosity of the Irish laws.  Ireland got slammed especially hard during the financial crisis of 2008 and has been using tax incentives as a way to attract foreign businesses into the country. The companies say they are just paying what the law says they owe.  But now, those generous deals may be a thing of the past.

Still, Santoli doesn’t believe changes in the Irish tax code will suddenly mean corporations will be paying full price now.

“I think it’s just going to move the game somewhere else,” he says.  This is not going to get rid of the idea that big companies, multi-national companies want to funnel their profits to tax-advantage venues. 

He says tax avoidance is in the DNA of large firms.

“Someone is going to be calling the equivalent of the Tom Cruise character in ‘The Firm’ and say, ‘Make sure I don’t pay taxes,’” he adds.

Read the rest here: http://finance.yahoo.com/blogs/hot-stock-minute/no-more-seeing-double—irish-tax-laws-about-to-change-144447239.html

Some quick logic…

1) The left claims McDonald’s does not pay a living wage.

2) McDonald’s employees are, in fact, alive. Therefore, something is keeping them alive apart from wages from McDonald’s.

3) Many on the left claim public assistance makes up for the difference.

4) So this means that the government’s “public assistance” is the difference between life and death of McDonald’s employees. Fine.

5) Let’s say, for instance, that all public assistance vanishes tomorrow.

6) By the left’s logic, assuming the McDonald’s wage rate stays the same, all McDonald’s employees must necessarily die.

7) This would mean that McDonald’s would no longer have any workers.

8) Without workers you can’t make money.

9) In order to avoid bankruptcy, McDonald’s must pay workers enough to keep them alive.

10) Therefore, I conclude, given the assumptions above and according to the left’s very own “living wage” logic – abolishing public assistance will lead to the end of sub-living wages and automatic wage increases.




NOTE: The “family members per house” number is extremely important in today’s inequality discussion. Whenever you hear “median household income has stagnated…” – take what your hear with a grain of salt. Even though the median household income has stagnated, households – the way the data is collected – are now smaller (one person living alone is considered a “household”). This would mean that adjusting for households or instead looking at median individual income, disposable income, or consumption numbers, the median America would most likely have increased – which indeed it has by the aforementioned metrics.


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