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How Are You Coping with the Recession? - 6/20/2008 9:47:01 AM   
pinksugarsub


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i have been carrying on quite a bit of 'personal business' lately, aimed at handling financial stressors caused in part by the Recession (actually here it's a Depression).
 
So i wondered what O/other P/pl might be doing to handle any change in financial circumstancs T/they may be facing.
 
These are just a few things i have done:
 
i renegotiated the costs of my utility bills and brought them down about $20/mo.
 
i contacted my Housing Ass'n office and it turns out they will make some needed repairs for me for free.
 
i compel my MDs to check the price of drugs they want to script, and find suitable alternatives if the inital cost is astronomical.
 
i watch my checking account like a hawk.
 
i do not buy anything anymore.  No clothes, no stylist visits, no presents, no trips to fast food resturants, nothing whatsoever.  Just rent, utilities and food.  ( i admit it though; i'm going to see my stylist in July and i'm going to give my UM a birthday present.)
 
i am depositing money in my UM's account and she's sending me cigarettes at about 50% of the cost of buying them locally.
 
i have offered my family the chance to pick up all the unwanted stuff i need to get rid of, so some of them can donate the crap and get a tax deduction for it.
 
i have moved from MD to MD till i have finally found MDs who are advocates for me with my insurance company as well as providers of high quality care.  (i have found my insurance company simply does not respond to me; i need a medical professional to advocate for me or nothing ever gets done.)
 
i rarely drive; so gas costs are no affecting me very much.
 
What kind of things have You done?  What results did Y/you get?
 
pinksugarsub

< Message edited by pinksugarsub -- 6/20/2008 9:55:26 AM >


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RE: How Are You Coping with the Recession? - 6/20/2008 10:17:53 AM   
GimpinDenial


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I moved into a cardboard box
Using the public water fountain as a bath tub does wonders.....
I use the public library computer to get online...
I hitchhike when I need to go anywhere....
and currently I am  this  close to finding a refrigerator box to add an addition to my new digs....

My results are saving me alot of moolah, unfortunately my dating life has gone down considerably.

sorry, I couldn't resist

< Message edited by GimpinDenial -- 6/20/2008 10:21:20 AM >

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RE: How Are You Coping with the Recession? - 6/20/2008 10:18:20 AM   
DomAviator


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Recession? What recession? Things are booming here in Houston... Honestly, I dont notice any recession. Business is up, retail sales are through the roof and Im constantly being baited in to buy something, and my investments are paying off handsomely. I dont see this "bad economy"everyone is talking about.

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RE: How Are You Coping with the Recession? - 6/20/2008 10:40:30 AM   
PainSmith


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It's odd, not all industries are affected by it. My industry is running short of people, not jobs.

I guess Europe is in a different economic state to the US. All the same, there is a dramatic slowdown here in the construction industry in some countries, including Ireland.

Is the computer industry resilient in the US, or is the recession biting there too?

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RE: How Are You Coping with the Recession? - 6/20/2008 11:05:19 AM   
faerytattoodgirl


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well i have had the same income for the past 10 years and will have the same for the rest of my life...

although it goes up 3% annually...which is like 30 bucks...per month...but i dont mind it so much because my dental and meds are covered...so i really have alot more income than actuallly think. 

my rent or other bills havent gone up...although i suppose food has gone up...i dont drive so no concern for gas...transit doesnt go up very much or too often.

so i dont really think i am any worse or any better than normal for the past 10 years...dont see any major change either in my future with it.


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RE: How Are You Coping with the Recession? - 6/20/2008 11:30:39 AM   
popeye1250


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quote:

ORIGINAL: PainSmith

It's odd, not all industries are affected by it. My industry is running short of people, not jobs.

I guess Europe is in a different economic state to the US. All the same, there is a dramatic slowdown here in the construction industry in some countries, including Ireland.

Is the computer industry resilient in the US, or is the recession biting there too?


Painsmith, oh it's resiliant alright, they can't get enough "H1b" visa workers to hire at $25k per year to replace the American workers who were making $100k per year!
And Bill Gates told our congress a few weeks ago that he'd like to see "unlimited" amounts of "H1b" visas!

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RE: How Are You Coping with the Recession? - 6/20/2008 12:28:36 PM   
fluffyswitch


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unfortunately i will be regressing to the point of receiving an allowance here soon, since my 40 hr a week position won't be paying me until the middle of august (something about considering me work study even though i'm not work study). i'm thinking about calling it a loan and mailing the money back once my loan checks and this job pay me in august. it's almost insulting to have to ask my parents for money but that's where it stands.

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RE: How Are You Coping with the Recession? - 6/20/2008 12:30:12 PM   
Termyn8or


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I used to spend $9 a day on cigarettes, Winston Select, until they discontinued them. I tried other brands but nothing hits the spot. I refuse to pay top dollar for something I don't want so I found a good source of tobacco, and now have a Woman making me cigarettes for $5 per carton. Tobacco and tubes run about $10 and the machines are about $50 for the good ones.

One of the biggest things was to stop giving away. No more junkets to Mr Hero with the crew, and I mean junket because when an order of fast food gets to be $30 something has to give.

Don't get caught with those cigarettes, that is illegal. If anyone ever says anything just say they are a gift.

And now I only buy cases of beer. It is the most cost effective way. I do have enough control to stop when it is time to stop, and not just drink the whole thing. If not, the plan would not work.

There is another substance that I now buy larger quantities of to save money.

So I am saving about 20% on beer, 25% on 'substance' and a whopping 66% on cigarettes.

Back to the cigs, pink, if you like I can put you on this list to get one of those cig making machines, I would get a little credit for it. They will send you the machine for free and all you do is buy their tobacco and tubes. Later you can unsubscribe from the tobacco deal and keep the machine.There are several places locally with quite a selection of different tobaccos. The tobacco from the company with the machines is quite good though and you can just stick with it if you are satisfied with it.

I don't know what brand you smoke, but be it menthol or not, lite or not, they have the components. For lites you order lite tubes, the filters are different.

I am about to pickup a carton today. Almost ran out so I bought a pack of Pall Mall. The homemade ones are actually better than the Pall Malls.

Right now I have two Selects left. They are in original packs and up on my knick knack shelf. They go well with the fondue pot still taped together from the thrift store, the OLD Cleveland Browns and Indians glasses, and the one stolen from Red Lobster, the boat made out of the pounded metal that is then blackened with a torch and then buffed (does anyone know the name of that type of art ?), the booze bottles and the 350 Chevy semi-race camshaft which doubles as home protection when a gun is not necessary. About the Confederate flag up there, I remind you that there were abolishionist states in the south.

Next I plan to start cooking alot more, which will delight some if they happen to be around. I used to NEVER eat out or order, but I got tired of cooking. Well now I am tired of working as well, so I will start again. At least when you cook at home and sometimes people just show up, it is nothing to give them a plate of food. But even buying fast food for other people can get into some money. Even at today's prices you can give them a Filet Mignon at home for what a double meat Roman burger costs. Actually recently I made stroganoff the right way, with filet mignon, I will be doing it again.

When I make stuff like that there is never enough. The one time I made paprikash I used six chickens, I had to borrow a pot because I didn't have one big enough. So many people got on the 'list' that it was gone the next day. But still, what does a chicken cost ? The rest is water, butter, flour and imported paprika (well onions too). The dumplings used to be cheap until eggs started getting ridiculous. But even then it is cheap.

It costs me about $25 to make a nice pot of spagetti sauce now, but you get so many servings out of it, just do the math. I always put in extra meat and since I don't like to eat alot of pasta, that gives way to sausage and or meatball sandwiches later. Just like the pizza place charges like four bucks for. But I don't have that much into it. I also make my own pizza, but really don't save any money on it because of how I make it. But I get a better pizza. Unfortunately again there are seldom any leftovers unless I make two. One f the secrets to making a good pizza at home is a good cooling surface.It must come out of the pan as soon as it is done in the oven, then you have to let it sit, have a cigarette and then move it for further cooling, you have to let it exude it's excess moisture. I use a marble slab for that, it works really well.

But now we are going into summer and I won't be cooking alot of these things. I don't know what to do right now but maybe more fried foods, cookouts etc. All I know is that ordering out is a drag on my personal economy. It's probably going to be more stirfrys and things like that now. I REALLY know how to spice chicken.

And I don't think I'll be putting my AC units in this year. I made it through those 93 degree days already, so with good fans, well, I should be able to get by.

Main thing right now is to get the Buick running. It gets alot better mileage than the truck, but it has a wiring problem (oh joy). Meantime looking for something even better on gas. I bought it because parts are cheap and they are easy to fix. Well this one stuck it to me with a problem that is not easy to fix. That is the next thing to deal with. But even then it is a Park Avenue and at best it can give 20 MPG, possibly a hair more if driven just right. Need something better, just a little shitcan to get to work in. A four banger, possibly with a stickshift. The only thing I might carry back and forth to work is paper or a CDROM. My tools are there, and even they would fit in a shitcan if I were to quit or something.

T

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RE: How Are You Coping with the Recession? - 6/20/2008 12:35:13 PM   
BOUNTYHUNTER


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Traveling less,vacations closer to home,staying out of debt,making do with 2 older vechs,When times are bad I believe in starting a new business so thats what we have done,A drop shipping electrons business,just getting it off the ground...Staying debt free is the key at any time,limiting the use of credit cards etc..bounty

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RE: How Are You Coping with the Recession? - 6/20/2008 12:51:35 PM   
slaveboyforyou


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I got laid off from my last job in April.  I've been looking, but the job market is shitty right now.  I am in a position where I don't have to take a crappy job thank god.  I've always been extremely frugal, so I don't spend much money.  I have always saved at least 15% of my income, so I have that.  I also inherited a pretty good chunk of money from my grandmother in 2006.  I'm single with no kids, and I don't have any debts.  I drive an 11 year old pickup that's in great shape and it's great on gas.  I'm just being careful, but I haven't altered my life that much. 

But I know I am going to have to move to find a better job.  So a major life change is coming soon, and I am preparing for it.  I am not looking forward to it, but it's happening.

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RE: How Are You Coping with the Recession? - 6/20/2008 1:02:06 PM   
MzMia


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What a wonderful thread!

slaveboyforU, good luck on the job hunt.  I am sure you will be a big asset to the company/person that hires you.

 
GimpinDenial? you sound hot, are you single?
 
I personally am trying to get the majority of my credit card debt paid off, I try to combine trips when I drive {I rarely go less than 3 places every time I go out}
**I am lucky that I can run the majority of my errands without drving more than 10 miles from home, and I work about 7 miles from home**,
 I try to buy items on sale, I use coupons {saved $11 today at Wal Mart, and that covers my gas to get there}, just cutting back on a lot of junk that I used to buy and really did not need, I do actually plan to start a small indoor garden, I am saving money in a lot of different ways, actually.

***I am also in the market for a gasoline slave.**  
 
Hold on to your seats everyone, it is going to be a bumpy ride ahead for just about everyone..recession----> heading for depression.

< Message edited by MzMia -- 6/20/2008 1:05:13 PM >


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RE: How Are You Coping with the Recession? - 6/20/2008 2:24:50 PM   
FirmhandKY


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quote:

ORIGINAL: DomAviator

Recession? What recession? Things are booming here in Houston... Honestly, I dont notice any recession. Business is up, retail sales are through the roof and Im constantly being baited in to buy something, and my investments are paying off handsomely. I dont see this "bad economy"everyone is talking about.


There isn't a recession, nor is the economy particularly bad.

It's the media, trying to pump up the Democrats again.  Happens every election cycle that a Republican is in office.

And immediately after the election of a Republican majority or President, you'll see endless stories about "the homeless problem" ... that seemingly comes into existence the day after any election that Democrats lose.

Firm


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RE: How Are You Coping with the Recession? - 6/20/2008 2:39:48 PM   
Evility


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quote:

ORIGINAL: Termyn8or
I used to spend $9 a day on cigarettes, Winston Select, until they discontinued them. I tried other brands but nothing hits the spot. I refuse to pay top dollar for something I don't want so I found a good source of tobacco, and now have a Woman making me cigarettes for $5 per carton. Tobacco and tubes run about $10 and the machines are about $50 for the good ones.


Anyone remember the little Laredo cigarette machine from the 70s?

Gas is higher here like everywhere else. $76 yesterday to fill up my environmentally unfriendly SUV. Other than that I haven't really noticed too much of a difference.



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RE: How Are You Coping with the Recession? - 6/20/2008 2:45:21 PM   
fluffyswitch


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i think that it matters where you live. i went home earlier this week and everything was about the same. around here though i'm starting to feel it. it took forever to find a job, and it's like that for everyone. i used to be able to get bread well under $2.50 and now it's hard to find it for that (though to be fair i refuse to buy white bread). it's a lot of little stuff that adds up over time. but then buffalo has been dying for awhile now.

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RE: How Are You Coping with the Recession? - 6/20/2008 5:52:42 PM   
Maya2001


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Well my income is not going up as fast as everything else

the dogs felt the pinch first  instead of buying EVO $80  for 30lb and combining with Canidae $60 for 40 lb  --I cut out the EVO  and just feed the Canidae   I would prefer to keep feeding the high meat protein food but with 4 to feed  the costs add up and Canidae is still an extremely good food though lower in meat protein and more grain than I would prefer to feed so more waste to pick up in the yard. 

This week when my car engine gaskets failed again after replacing 4 years ago .....I resisted the temptation to say fuck it and buy another  car deciding  it would be better to suck it up and put the money into fixing for  $1200 and getting another couple years  out of  rather than have car payments again also bought an A/c kit for $50  to refill even if I only get the season  rather  than spending  $800 to $1200 through the shop. 


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RE: How Are You Coping with the Recession? - 6/20/2008 9:14:33 PM   
Termyn8or


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Evil, I had a Laredo a long time ago, but then my time was worth more than money so I gave up on it.

DA, we are in a recession, if you discount the false flag of the portion of the GDP that is inflated through government contracts. You and I might not be affected so badly, because we have skills and good jobs. But think of the people making ten or twelve bucks an hour. They are very aware of the circumstances. You seem to only see the world through your own lens, which is fine most of the time, but you fail to realize how many people who were just barely making it when things weren't so bad. I didn't stop buying store boughten cigs because of money, except in that I refuse to pay top dollar for something other than what I want.

Perhaps you have never been poor DA, and maybe that is the problem with you comprehending the plight of the lower middle and upper lower class. I can understand this, and even for me it is easy to forget. But those days were real. Now those not-so-good times befall another generation, and when you talk that there is no excuse and shit like that you piss people off.

But people did not always have the right background. It is not always their fault. It is their Parents' fault, but then does that befall their Grandparents ? Their Greatgrandparents ?

The cycle of poverty in this country is vicious, it is very hard to pull yourself up by the bootstraps so to speak. It used to be easier. The fact that it is hard does not bother me, the reason does though. It is people who make money for nothing. That doesn't necessarily mean investors with venture capital, that they actually risk.

If you became more cognizant of the situations other people are in, you would be much more well recieved. I know alot of people at the bottom of the barrell, the end of their rope. One is even stealing utilities. I do not help for the same reasons you would give, they put themselves there. I have helped people in the past and found that it is hopeless. It is for them to experience the consequences of their folly, not me. I got my job and I got my money. I worked for that and I'll be damned if I'll give it away to someone who pisses it away.

You ever loan someone like a hundred bucks and then find that they are looking for weed ? I have. Talk about cut off. Right now I am owed about three grand in personal loans and you know what ? due to the recession it ain't getting any higher. I no longer loan money out to almost anyone. Even the one person I would loan money to owes about $200 from bailing him out of jail. No way. He did pay a good part of it off in dribs and drabs, it was $500, but it has been months. Enough months for him to buy his olady a birthday gift. See what I mean ?

People engineer their own success or demise, that is a fact. Proper Planning Prevents Piss Poor Performance. At least it used to.

Take a guy who had a job that got outsourced to a foreign land, he thought he was secure in his job but he was wrong. This is happening all over the place, and there isn't a thing that can be done about it. Brainwashed Americans think they are irreplaceable and nobody is irreplaceable. They think "Oh they'll be back once they find out those gooks can't do it", but they continuously underestimate foreigners. We are bombarded with the lie that we are number one yea yea yea, and they fall for it.

They may be ready for skimming off the gene pool, but it is not always their fault. But that's the breaks. I agree on that. I spent alot of time learning to get where I am today, and I owe that to noone. When others start thinking that way, things will change. Let the babies be born in this un-recession, let them from the first day of life realize that it is a struggle. Impel them to learn and to work smart. Working hard does not pay off, working smart does.

In this country we (they that is) must learn to work smart, we can't compete with the wages in other countries so we only have one thing with which to fight, intellect and reasoning. These things are stifled in most large businesses, and that is a shame. Some of these executives must share the blame.

There is always going to be a contingent of the population who cannot grasp technical issues, who will never underastand an electronic or hydraulic circuit. Some will not be able to even be carpenters, can't grasp fractions. Normally in a society there are menial jobs for these people and they can earn a living. If it is running a punch press or grinding flash off of castings. Things like that. But we have all that done offshore now. It has affected many people.

There are many people without many skills, but they are willing to work and have a good work ethic, and over the years they had jobs that didn't pay too bad, and that kept them from bettering themselves. They thought they were doing fine. They were wrong.

If you were to give advice, what would it be ? Go backin time to when you were a teenager and join the USAF ? Impossible, but not a bad idea. Everyone in my family who served did it in the USAF and they are they most technically oriented branch of the service, followed closely by the Navy. But you can't go back in time. So what do they do now ?

In the few manufacturing jobs left here at this point, you can run a CNC machine and be lucky to make over ten bucks an hour. But if you program the CNC machine you make twice that or better. But you are working ten hours a day and have four kids, where is the time for school ? And it is too late anyway.

I am lucky, I could go to school. I can make a decent living on thirty, or even less, hours a week. But this is because of my background and upbringing. When I was seven years old I was the biggest pest, they got me a YPSE, which is one of the best books ever written. It stands for Young People's Science Encyclopedia. I would run into the living room and jump on one of mt parent's lap and say "Look at this !". Whatever TV show they might have been watching was relegated to the back burner immediately, I was more important.

See, so many people did not have that. While I do have some misconceptions about things, at least I have a conception. I do not memorize. While I do have some misconceptions, I have a broader view of the sciences than most. Even scientists. Robert Heinlin said that specialization is for insects. I am not an insect.

I enjoy knowing how to build a fusion cannon, not that I ever will, but I know how. It wouldn't do any good. That is what hurts, what is hard to deal with. People with money tend to isolate themselves from the masses,  I have chosen not to do that. I see it every day and I try to help if at all possible, but I have realized that monetary help is useless, it is like giving a Man a fish.

All people out there making seven or eight bucks an hour, realize that good jobs no longer land in your lap. You need knowledge and/or training to get the better jobs. And those are the jobs there will be. They ship most of the metal to China and they ship us back plastic. They can get people so cheap we never can compete with simple hard work. Get that through your head. Skills are what made this country really tick in the past and skills are what can do it now. Manual labor, hell, let the Mexicans in, who cares.

If it is your career goal to pick cotton, I don't know what to tell you. These low paying jobs in this country are supposed to be for kids who want to work and help the family by at least buying their own stuff, clothes and such. I did. When I was a teenager I got a job, later the boss found out I was working illegally because I had no work permit. But I bribed my Mom with ½ my take home pay, which was usually as much as her's. I helped the family and I lived the life. I always had money for............anything. She supported us on $75 a week for a time, but the thing is, I would show her my pay stub and remit half. Then I had to give my (sinister) sister a twenty to shut her up.

But I always had money. I almost never had less than a hundred bucks in my pocket. But I earned it. And I didn't earn it by working harder, I earned it by working smarter.

It was not expressed that way at the time, it was just how it was, years later someone said to me "Don't work hard, work smart". It clicked. I agreed completely of course.

Now we got DA over here who seems to have gotten his money to work for him. That is all fine and good even though I believe that futures markets a speculation should be against the law. His properties are making money or he would get rid of them. If he has his fingers in the futures market, well the big boys do, why shouldn't he get a slice of the pie ?

These are facts of life and life is unfair. Of that there is no doubt, but at this time I would like to encourage people to see other points of view. I can do this, but I will have to explain.

Some here are highly possesive of skills, and thus earning power. I am. I can do many things, and I learn faster than the Cray. I have seen life from both sides, and therefore I deem myself qualified to speak to this subject.

Some who posses these marketable skills have never been poor. You have to understand that there are some things that they do not understand. The haves always been a have, but not a have not. But you can't fault them for this. It was not their choice to whom to be born. They may have been provided for very amply and may even be spoiled. But that, if you think about it , is also not their fault. It is very hard for them to change and see life from a different perspective.

And then there are the people who have shit jobs making shit money who can't make ends meet. Is that their fault ? It could be but I am more likely to lay it on the Parents. Set the kids in front of the TV and forget about it. Yeah right. Then the only words they need to know are "Do you want fries with that ?".

There was a movie called Stand And Deliver. In the inner city there was an AP calc class, and this teacher said "algebra is for people who take your order" or something like that. Somehow he insipwed the class and most of his students, from the ghetto, got scholarships and went on to college.

Those students of his had an edge. And I don't know about DA, but I don't gamble without knowing where the edge is. I would prefer to have the edge but that is not always possible.

But from 'the great unwashed' came scientists or engineers, or something, from the ultimate slag of the ghetto. A very encouraging flick actually, I liked it. And from what I heard at the time, it was based on a true story. Edward James Olmos played the teacher IIRC, one of the few actors I remember, because of my percieved importance of theis movie. It shows it, you can come out of the ghetto if you got the balls to do it.

You know, I just thought of something. Most of the most intelligent people I know, and those with the most earning power dropped out of school. Bob Carver dropped out and was CEO of Phase Linear, if anyone remembers they used to buld extremely high quality audio equipment. Later he had a falling out with them as he wantwed to introduce some new technology, and later founded Carver.

His ideas for regulation for a power amp were radical, and none of the staff wanted anything to do with it, they wanted to stick with tried and true designs. Carver flourished for a number of years until imports started killing them. Eventually they had their product made overseas. That was the end of it, just like any American company. Another giant in the industry was Soundcraftsman, which would not capitulate, and died a slow death.

So who was the smarter ?

Having money does not mean you are smart, in fact it could mean quite the opposite.;

So if we can all understand one another a bit better, that would go a long way. This bickering and snickering, baiting and waiting, it all has to go. This is supposed to be a forum where you can show your intelligence, not your stupidity. And we all have both.

Those of you who have never been well to do, well off or even comfortable cannot imagine how life is for the others.

Those of you who have never been poor or in really bad distress cannot imagine how it was for someone who has.

In other words if you ain't lived it you don't know it.

I posted this NOW because I want this rich vs poor shit to stop. And that is what it is. We are getting nowhere with these inside arguments, and that is why I refuse to participate, well usually. Whichever side of the fence you're on, at least undedrstand the enemy. But understand who is the enemy.

If you work at a fast food joint and I make four times what you make, am I your enemy because of that ? I don't think I should be. If that is all you can do AND YOU ASK ME I will tell you to get some skills. The sooner the better. If you do not ask me I will say nothing.

We need to understand each other a bit better, otherwise we are in a hopeless abyss with no chance of ever getting out.

Think about it.

T

(in reply to Maya2001)
Profile   Post #: 16
RE: How Are You Coping with the Recession? - 6/20/2008 9:21:12 PM   
FangsNfeet


Posts: 3758
Joined: 12/3/2004
Status: offline
1. I had Dish Net Work match what Direct TV is offering.

2. Found a in home baby sitter who only charges $130 a week versus the $200 a week with Day Care.

3. Are currently no longer going out to eat. Not even for the dollar menu.

4. Looking for work that pays better and is closer to home. I should have a new job by the end of July.

_____________________________

I'm Godzilla and you're Japan

(in reply to pinksugarsub)
Profile   Post #: 17
RE: How Are You Coping with the Recession? - 6/20/2008 9:54:13 PM   
kinkbound


Posts: 387
Joined: 9/15/2007
Status: offline
1) Masturbate more.

2) Date less.

3) Lay off all hookers.

I'm saving a bundle, but my palms are getting hairy.

(in reply to pinksugarsub)
Profile   Post #: 18
RE: How Are You Coping with the Recession? - 6/20/2008 10:11:57 PM   
DomAviator


Posts: 1253
Joined: 4/22/2008
Status: offline
quote:

ORIGINAL: Termyn8or

DA, we are in a recession, if you discount the false flag of the portion of the GDP that is inflated through government contracts. You and I might not be affected so badly, because we have skills and good jobs. But think of the people making ten or twelve bucks an hour. They are very aware of the circumstances. You seem to only see the world through your own lens, which is fine most of the time, but you fail to realize how many people who were just barely making it when things weren't so bad. I didn't stop buying store boughten cigs because of money, except in that I refuse to pay top dollar for something other than what I want.

Perhaps you have never been poor DA, and maybe that is the problem with you comprehending the plight of the lower middle and upper lower class. I can understand this, and even for me it is easy to forget. But those days were real. Now those not-so-good times befall another generation, and when you talk that there is no excuse and shit like that you piss people off.
....

Now we got DA over here who seems to have gotten his money to work for him. That is all fine and good even though I believe that futures markets a speculation should be against the law. His properties are making money or he would get rid of them. If he has his fingers in the futures market, well the big boys do, why shouldn't he get a slice of the pie ?


T


Term,

I agree with much of what you just said... However, a few clarifications - I am not in the futures market, nor am I a market speculator. In reality, I generally avoid even the equities market and dont trade - I tend to buy low and hold! IMHO most Americans, myself included, have absolutely no fucking business playing the market and are begging to take it in the ass by doing so. Puts, calls, options, long,  short., - fuck me! I have an MBA and cant make heads nor tails of it!!!

Perhaps you got the impression I was a futures trader in another thread where I said I bought JET-A at a volume contract rate and billed it to my clients on a cost plus basis. Thats not future trading, thats basically knowing the aircraft I provide crew and management services for are going to burn at least $X in fuel next month so the distributor knows I am good for $X volume per month so I pool all my orders together - get a good price - and then bill "cost plus".  Im pulling these numbers out of my ass as Im not getting into proprietary business info - but the distributor would rather deal with a single $40,000 a month contract than 10 individual clients. So Ill get a break on the price as a large customer and then bill it at the actual cost plus a 2% management fee and they still come out ahead of going to the counter at the FBO with credit card in hand.

Anyway, getting back to what I was saying about the markets. The average person has no fucking business playing Wall Street. Its not a monopoly game its real money, and only a fool is lured to invest in something they dont understand. Thats how people get caught up in a "recession" or "depression" by playing in the wrong league.

Me, I invest in real estate but to rent not to flip. People always need a place to live, housing bubble or not, and I tend to invest in slummy / shitty areas because you can get into them for dirt and they can only get better! Sooner or later they will revitalize those areas and when they do Im getting a check, but until then there will be monthly rent checks. (Want a tip, Galveston Texas! The city itself is a shithole, approx 40% welfare. It is also a gorgeous little tropical island and someday its going to turn into South Beach!!! In the mean time, even a nice beachouse right on the sand can be had in the $300's...)  I also invest in small business - basically anything that makes sense. For example, in my main business I need web development / FLASH / graphic arts / and programming skills to work on web and computer based training programs... So instead of them being an expense, I started hiring them out for outside work thus giving me a side business....I bought a concession trailer that sells funnel cakes and what not at fairs and events, I have a booth at a predominantly mexican flea market that sells lingerie, slutwear, and trashy costume jewlery, I bought a bunch of vending machines, etc... Sure - compared to my main business the other things are relatively insignifigant - the vending machines for example net me about $200 a month. But how many people get $200 a month from their stock portfolio? How many people go to a carnival or airshow or something and rather than waiting in line get to walk into the back door of the funnel cake trailer and to pull $600 in cash out of the till along with their funnel cakes that they didnt have to wait in line for?  LOL You cant do that with Wallstreet.

As for the thing about have I ever been poor. Yes, I have. I dont like it. It is unacceptable to me so I choose not to be. All it takes is the drive to succeed. Nobody is gonna bring you prosperity - you need to make it. So jobs are being lost - big deal who wants a job anyway. Nobody gets rich working for somebody else...

(in reply to Termyn8or)
Profile   Post #: 19
RE: How Are You Coping with the Recession? - 6/20/2008 10:28:34 PM   
ownedgirlie


Posts: 9184
Joined: 2/5/2006
Status: offline
quote:

ORIGINAL: FangsNfeet

1. I had Dish Net Work match what Direct TV is offering.

I'm about to do that myself - Either Comcast can match it or I'm switching over.  There's a huge difference in price.

It's not so much the "recession" that flattened me, but my divorce.  Getting laid off in the middle of the process was a blessing in disguise, since he had been attaching my wages for spousal support (go figure). 

Like others, though, I'm combining trips to save on gas and eating out less often. This has been fun since my friends and I rotate having each other over for dinner and we're enjoying each other's cooking.  Some of the fun girly primpy stuff isn't happening as often (self pedicures instead of the spa, for example).  I have an esthitician friend who has her own business (waxing and facials) and I'm doing her books for free services.  I babysit my cousins kids in exchange for massages from time to time (she's a certified massage therapist).  I bring my laundry to my mom's to wash there while I do her books.  My sister bought a side of grass fed beef, and I babysit her kids from time to time in exchange for wonderful steaks.  These exchange for services are great - we are all helping each other out that way and no one is spending any money.

My friends and I are doing less costly stuff for fun - bike rides on the American River Trail are wonderful and free.  Renting movies together is cheap.  We have photography excursions and share the cost of gas.  We share books.  We laugh a lot.

There's a lot of fun you can have even if money is tight.  I've never been so broke yet so content in my life.

_____________________________

Good is the enemy of great.

(in reply to FangsNfeet)
Profile   Post #: 20
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