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RE: How low will major companies go? - 11/13/2012 7:41:10 PM   
LookieNoNookie


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quote:

ORIGINAL: tazzygirl

quote:

Which comes to an additional 8.3%...if they opted to make a profit (which I would strongly encourage if they wanted to stay in business), and assuming they opted for a profit commensurate with the one they now enjoy (5.2%), prices would have to rise approx. 14% (or $2.38 per plate....not the 14 cents (1.40%) on a ten dollar purchase you submit.


Do try to read with a bit more comprehension. The 14 cents was Papa Johns.

The pizza chain head has made his views on the Affordable Care Act clear in recent months, claiming the new health care law will cost his business about $5 to $8 million per year. To compensate Schnatter's said he will likely raise pizza prices and cut back some workers’ hours so he doesn’t have to insure them.

Caleb Melby of Forbes has graciously done the math on Obamacare’s cost to Papa John’s and according to his analysis, to cover the cost of Obamacare, the pizza chain would have to raise prices by 3.4 to 4.6 cents per pie -- way less than the 11 to 14 cents Schnatter claims he needs.

And there are other changes the chain could make to save some money, Melby notes, like not giving away 2 million pizzas for free at a cost of between $24 and $32 million to the company, for example.


http://www.huffingtonpost.com/2012/11/13/papa-johns-obamacare_n_2123207.html

He made the claim.


I don't know.....I guess I'm going to go with the guy who started and runs a thriving national chain of Pizza stores as to what his costs might be vs. a reporter who writes stories on restaurants.

It's a gut feel...but I'm running with it.

(in reply to tazzygirl)
Profile   Post #: 161
RE: How low will major companies go? - 11/13/2012 7:41:19 PM   
tazzygirl


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quote:

ORIGINAL: LookieNoNookie


quote:

ORIGINAL: tazzygirl

quote:

Which comes to an additional 8.3%...if they opted to make a profit (which I would strongly encourage if they wanted to stay in business), and assuming they opted for a profit commensurate with the one they now enjoy (5.2%), prices would have to rise approx. 14% (or $2.38 per plate....not the 14 cents (1.40%) on a ten dollar purchase you submit.


Do try to read with a bit more comprehension. The 14 cents was Papa Johns.

The pizza chain head has made his views on the Affordable Care Act clear in recent months, claiming the new health care law will cost his business about $5 to $8 million per year. To compensate Schnatter's said he will likely raise pizza prices and cut back some workers’ hours so he doesn’t have to insure them.

Caleb Melby of Forbes has graciously done the math on Obamacare’s cost to Papa John’s and according to his analysis, to cover the cost of Obamacare, the pizza chain would have to raise prices by 3.4 to 4.6 cents per pie -- way less than the 11 to 14 cents Schnatter claims he needs.

And there are other changes the chain could make to save some money, Melby notes, like not giving away 2 million pizzas for free at a cost of between $24 and $32 million to the company, for example.


http://www.huffingtonpost.com/2012/11/13/papa-johns-obamacare_n_2123207.html

He made the claim.



I didn't argue your claim of 14 cents....I argued your claim of 1.4%.

It's ridiculous and absurd.


A claim made by Papa Johns... not me.

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RE: How low will major companies go? - 11/13/2012 7:42:52 PM   
tazzygirl


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quote:

I don't know.....I guess I'm going to go with the guy who started and runs a thriving national chain of Pizza stores as to what his costs might be vs. a reporter who writes stories on restaurants.

It's a gut feel...but I'm running with it.


Good. You finally admit you dont know what you are talking about since that 14 cents figure you want to argue about came from that man.

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Profile   Post #: 163
RE: How low will major companies go? - 11/13/2012 7:45:17 PM   
Hillwilliam


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quote:

ORIGINAL: LookieNoNookie



I didn't argue your claim of 14 cents....I argued your claim of 1.4%.

It's ridiculous and absurd.

Seeing as how a typical pizza at Papa Johns is $10, 14 cents = 1.4%.

The 14 cents is the claim of the owner of the chain, not anyone on CM.

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Profile   Post #: 164
RE: How low will major companies go? - 11/13/2012 7:51:01 PM   
LookieNoNookie


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quote:

ORIGINAL: tazzygirl

quote:

I don't know.....I guess I'm going to go with the guy who started and runs a thriving national chain of Pizza stores as to what his costs might be vs. a reporter who writes stories on restaurants.

It's a gut feel...but I'm running with it.


Good. You finally admit you dont know what you are talking about since that 14 cents figure you want to argue about came from that man.


You're a financial genius Taz....you should give seminars on how to profitably run all companies.

I bow down.

(in reply to tazzygirl)
Profile   Post #: 165
RE: How low will major companies go? - 11/13/2012 7:51:40 PM   
tazzygirl


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_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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Profile   Post #: 166
RE: How low will major companies go? - 11/14/2012 6:33:03 AM   
thompsonx


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quote:

ORIGINAL: LookieNoNookie


quote:

ORIGINAL: thompsonx


quote:

ORIGINAL: Yachtie


quote:

ORIGINAL: fucktoyprincess
I am in business for myself and do quite fine, thank you very much. And when I did employ people, I paid them what they were legally entitled to be paid.



The government has established the legal entitlement of pay. It's called the minimum wage.

You seem to be in favor of limiting the maximum wage.


It's just a gut feel but....I'm fairly confident the feds haven't gone there yet.


I asked the question of you not the fed. If you find yourself unable to answer the question then please say so.

< Message edited by thompsonx -- 11/14/2012 6:34:28 AM >

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Profile   Post #: 167
RE: How low will major companies go? - 11/14/2012 3:43:54 PM   
JeffBC


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quote:

ORIGINAL: shadeddragon
Companys restricting hours to avoid full time status +benefits is nothing new.

*nods* And the obvious answer here is to simply disallow this by making employers provide fractional benefits for fractional hours. In the end, if we're deciding we want everyone covered then we shouldn't be allowing businesses to get out of their obligation through gaming the system.

That being said, "Yes businesses pass on costs." I see that here living in Canada. Burgers at the McDonald's cost more than I'm used to and I suspect a part of that is due to higher labor costs. But you know what? We all buy hamburgers anyway. The economy flourishes because money moves around. I expect businesses to pass on these costs to the consumer.

As an aside, I'd also like to start seeing CEO's treated like other labor categories. The US pays WAY THE HELL too much for CEO's by any standard. Part of "passing on the costs" could be done simply by reducing executive pay categories to something more competitive.


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RE: How low will major companies go? - 11/14/2012 5:18:48 PM   
fucktoyprincess


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Edwynn, you seem not to have understood my post, so it really makes it difficult to respond. But here goes, anyway. (And I won't bother quoting your response, as you seemed confused by that last time.)

You claimed that having bailed out the financial industry that the government had to bail out the auto industry. I disagree and my prior post explained why.

You claim that we cannot afford increased unemployment benefits. I disagree. What we cannot afford is propping up industries, like the gasoline auto industry, that need to die.

Cost effectiveness is something that needs to be looked at in a longer time frame that what you are looking at. I disagree fundamentally with your notion of cost effectiveness as you are looking at a very short time frame.






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Profile   Post #: 169
RE: How low will major companies go? - 11/15/2012 8:07:34 PM   
tazzygirl


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~FR

Seems Hostess will be making the decision come Friday to liquidate or not.

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Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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Profile   Post #: 170
RE: How low will major companies go? - 11/15/2012 8:14:26 PM   
idogaydrugs


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I'm just here to answer the titular question...

How low will major companies go?

Foxxcon USA.

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Profile   Post #: 171
RE: How low will major companies go? - 11/16/2012 2:04:15 AM   
Edwynn


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quote:

ORIGINAL: fucktoyprincess

Edwynn, you seem not to have understood my post, so it really makes it difficult to respond.


Whether I understood your post or not, I certainly recognized the puppetry of the conglomerate media displayed in the post.

quote:

You claimed that having bailed out the financial industry that the government had to bail out the auto industry.


I claimed no such thing, nor would anyone who grasped what I actually said have thought I said such a thing.

Those were two separate issues. Whatever one's opinion on either, cause/effect/remedy should not be confused, as they apparently are in your sector.

quote:

I disagree and my prior post explained why.



Yes you did, and it being that I am more well acquainted with the situation from both an educational and investigation standpoint, I dislike false notions being strewn about on this matter, and I don't hesitate to dispel this among many other media-spread myths and other myriad propaganda. In Germany (and some other countries) when society decides what they want, they tell industry to do it. In the US, when corporations decide what they want, they tell the government to do it. As we can see, the discrepancy in in the US' progress vs. other countries' progress seems to have a striking correlation to who's driving the bus, here.

quote:

You claim that we cannot afford increased unemployment benefits.


I claimed no such thing, nor would anyone who grasped what I actually said have so badly misinterpreted it.

The US 'couldn't afford' the two major invasions, we couldn't afford the two major tax breaks given to the .1% in 2002-03, we couldn't afford the repercussions of the massive deregulation ongoing since the '80s, etc.

But we did it anyway. That's what you can do when you're the biggest badass and no one can stop you.


quote:

I disagree. What we cannot afford is propping up industries, like the gasoline auto industry, that need to die.



Much as you or I might be displeased with the current 'gasoline auto industry,' they are the stepping stone in place to move us eventually to the 'non-gasoline auto industry.'

Or perhaps you've missed out on the hybrids, the all-electric vehicles, etc. Or perhaps you think that the same twits who want 'the gasoline auto industry' to die have a plan in place to build a public transport system to replace it in a couple of years or so. This ain't Europe, and even they still have an auto industry, even if a few more diesel burners, and fewer overall.

I like what Tesla Motors is doing, I really do, but it will take Tesla AND the industry in place to eventually get us to where we need to be, i.e., to making more efficient, less environmentally damaging autos. Of course the industry is dragging its feet, and if you had a clue about how businesses worked, especially in this instance, large manufacturing industries where in the US you're all on your own regarding research and development costs, then you would understand why this would be the case.



quote:

Cost effectiveness is something that needs to be looked at in a longer time frame that what you are looking at. I disagree fundamentally with your notion of cost effectiveness as you are looking at a very short time frame.


I think that it is apparent that you have no idea what time frame I was speaking of, that you have no sense of the time frame regarding what is being discussed, much less that regulation, or lack thereof, being the fundamental cause of our current troubles, 'time frame' is non-germane to the issue.

Aside that, I think that your ignorance of what is involved here is testimony to your short sightedness.


I did not 'claim' that "because we bailed out the banks, we should bail out everybody else."

What I and others having better (and more knowledgeable) insight into the issue are saying is that other sectors of business, and especially society as a whole, should not have had to suffer as badly as they have from result of the indiscretions, nay, outright gross misconduct, of financial miscreants.




Here's the news: people cannot buy as many cars, refrigerators, blenders, houses, pants and skirts, or go to the restaurant and theater, as much as they could 8 years ago. Perhaps you think that all the businesses providing those products and services are 'dying industries' since the financial industry did their best to kill off every other industry. Of course they didn't mean to do that, as intent. But they told the government; "no, we don't need regulation, honest, we can regulate ourselves real good, honest ..."


And you expect all the rest of society to pay for that, right?


If the government cannot or will not accept responsibility for the error of their deregulatory ways, as you are advocating so vociferously that they do, then this society is lost.



< Message edited by Edwynn -- 11/16/2012 3:00:26 AM >

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Profile   Post #: 172
RE: How low will major companies go? - 11/16/2012 2:16:31 AM   
DaddySatyr


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Never mind. I can't do math in my head at 0520 after 30 minutes of sleep

< Message edited by DaddySatyr -- 11/16/2012 2:18:22 AM >


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Profile   Post #: 173
RE: How low will major companies go? - 11/16/2012 3:08:58 AM   
JeffBC


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quote:

ORIGINAL: Marini
Don't get ME started on how unbridled outsourcing has damn near decimated this country.

What I don't get is why the corporations aren't outsourcing all their executives. Even the most casual of economic surveys readily reveals that US executive compensation is off the charts compared to the rest of the world. It seems rather obvious that at least a few of the remaining 6.5 billion humans on the face of the planet are highly talented individuals. If the entire point of outsourcing is that it's necessary to be globally competitive why aren't the most expensive job categories being looked at?

Oh wait... maybe I do understand. It's the executives who make these decisions.


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RE: How low will major companies go? - 11/16/2012 4:05:12 AM   
Edwynn


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What I meant to say, or forgot to point out, is that this is not an issue concerning time frame, but rather an issue of scope.



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RE: How low will major companies go? - 11/16/2012 4:54:59 AM   
Yachtie


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You can't go much lower than liquidation -

Hostess Brands, the company better known as the maker of Butternut, Ding Dongs, Dolly Madison, Drake's, Home Pride, Ho Hos, Hostess, Merita, Nature's Pride, and of course Wonder Bread and Twinkies, and which previously survived one multi-year Chapter 11 bankruptcy process, when it operated as Interstate Bakeries, has just made a splash at the NY Southern Bankruptcy court, for the last time, with a liquidation filing. The reason: insurmountable (and unfundable) difference in the firm's collective bargaining agreements and pension obligations, which resulted in a crippling strike that basically shut down the company. In other words, Twinkies may well survive the nuclear apocalypse, but there was one weakest link: the company making them, was unable to survive empowered labor unions who thought they had all the negotiating leverage... until the led their bankrupt employer right off liquidation cliff.

In other words, the labor unions representing 18,000 workers fought the company, and the unions won... A very pyrrhic victory. Sadly, they are all now out of a job as the unionized victory just happened to lead to the terminal winddown of their employer



Ho Ho Ho


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RE: How low will major companies go? - 11/16/2012 4:58:14 AM   
Moonhead


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If the only way a company can afford to stay in business is by stiffing their workforce on pensions, what's so bad about them going down the tubes?

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Profile   Post #: 177
RE: How low will major companies go? - 11/16/2012 5:03:29 AM   
LookieNoNookie


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quote:

ORIGINAL: thompsonx

quote:

ORIGINAL: LookieNoNookie


quote:

ORIGINAL: thompsonx


quote:

ORIGINAL: Yachtie


quote:

ORIGINAL: fucktoyprincess
I am in business for myself and do quite fine, thank you very much. And when I did employ people, I paid them what they were legally entitled to be paid.



The government has established the legal entitlement of pay. It's called the minimum wage.

You seem to be in favor of limiting the maximum wage.


It's just a gut feel but....I'm fairly confident the feds haven't gone there yet.


I asked the question of you not the fed. If you find yourself unable to answer the question then please say so.


"The Fed" is the federal reserve...."The feds" is generally assumed to be an abbreviated form of describing the federal government.

The feds are the ones that determined (originally) the minimum wage and so long as a given state mandates minimum hourly pay at that rate or higher, they meet the standard.

The feds do not determine the maximum one can be paid.

Since you are clearly not informed enough to deduce the longer version of the meaning "I'm fairly confident the feds haven't gone there yet."....perhaps this expanded version will guide you in your new found understanding of minimum and maximum wage mandates, if any, where applicable.

< Message edited by LookieNoNookie -- 11/16/2012 5:12:53 AM >

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Profile   Post #: 178
RE: How low will major companies go? - 11/16/2012 5:42:00 AM   
Edwynn


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Joined: 10/26/2008
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quote:

ORIGINAL: Yachtie

You can't go much lower than liquidation -

Hostess Brands, the company better known as the maker of Butternut, Ding Dongs, Dolly Madison, Drake's, Home Pride, Ho Hos, Hostess, Merita, Nature's Pride, and of course Wonder Bread and Twinkies, and which previously survived one multi-year Chapter 11 bankruptcy process, when it operated as Interstate Bakeries, has just made a splash at the NY Southern Bankruptcy court, for the last time, with a liquidation filing. The reason: insurmountable (and unfundable) difference in the firm's collective bargaining agreements and pension obligations, which resulted in a crippling strike that basically shut down the company. In other words, Twinkies may well survive the nuclear apocalypse, but there was one weakest link: the company making them, was unable to survive empowered labor unions who thought they had all the negotiating leverage... until the led their bankrupt employer right off liquidation cliff.

In other words, the labor unions representing 18,000 workers fought the company, and the unions won... A very pyrrhic victory. Sadly, they are all now out of a job as the unionized victory just happened to lead to the terminal winddown of their employer



Ho Ho Ho





Ah, so this explains, then, why e.g. Germany, who with only 27% the population of the US but with 2/3 of workers (ALL employees) being represented by a collective bargaining agreement just can't quite surpass the TOTAL exports of the US.


EXCEPT THAT THEY IN FACT DO out-export the US, totally.


- with a universal healthcare plan, to boot. Such healthcare plan as does EVERY other 'developed' country excepting the US work under.

US companies are inept, incompetent , "can't handle the truth," "not invented here" attitude, "fuck'em, we do what we want," ("'em" {them} being employees, government, other countries, whatever), whining, government trashing, employee thrashing weenies, you are saying.

We got it.



Thanks for bringing that up.





< Message edited by Edwynn -- 11/16/2012 6:18:22 AM >

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Profile   Post #: 179
RE: How low will major companies go? - 11/16/2012 6:32:07 AM   
Moonhead


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Maybe he's just upset because his plan to kill the President without being prosecuted has been ruined by Hostess closing down production?
You can't have the "twinkies defence" without any twinkies, after all...


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Profile   Post #: 180
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