Berkeley CSUA MOTD:Entry 52057
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2017/12/15 [General] UID:1000 Activity:popular
12/15   

2008/11/20-27 [Transportation/Car, Reference/Tax] UID:52057 Activity:nil
11/20   "Far from vanishing, many of GM’s assets would be quickly purchased
        by competent foreign automakers eager to expand their capacity in what
        is the world’s largest auto market. Happily, the list of well-run car
        companies, from Toyota to Nissan to Porsche, is long."
        big FAT LOLZ there.  When GM closes up, GM's factories are going to
        go idle and rust and provide excellent opporunities for hipster
        dumbasses who love breaking into buildings to photograph our
        crumbling industrial past glory.  Those jobs are not coming back, EVER.
        \_ GM is a modestly profitable car company with a huge losing pension
           fund attached. In bankruptcy, they will be able to dump the
           pension liabilities onto the government and return profitable.
           \_ which I would argue this is a sure sign of incompetitiveness of
              USA as a whole.  Then again, if Pension were funded properly,
              shouldn't be a problem.  My guess is that during the go-go days,
              GM decided to use the pension contribution and count it as profit.
              GM decided to use the pension contribution and count it as
              profit.
              \_ No, it is mostly an artifact of the fact that we push health
                 care costs onto private employers, while that cost is borne
                 by The State for GMs competitors. Even offloading all the
                 pensioners healthcare costs alone would make GM profitable.
                 The GM management (and unions) decided to forstall a bunch
                 of labor issues in the 70's by increasing benefits, which we
                 are paying the price of now, but no one could have reasonably
                 expected health care costs to increase at 7%/yr for 30 years.
                 \_ not just the 70s and not just GM.  This happened with a lot
                    of city/county governmental orgs as well.  The contra costa
                    county school district is going to be bankrupt due to
                    quickly increasing pension/medical benifits for retired
                    quickly increasing pension/medical benefits for retired
                    staff.
                 \_ Of course, those evil socialist countries fund health
                    care by TAXES on corporations.  But we could never tax
                    corporations here, because that would make us
                    uncompetitive.  Or so goes the corpratist line.  -tom
                    \_ Right, because corporations here don't pay any taxes
                       ever. There's no way an evil corporation like
                       XOM would pay any tax.
                        \_ That statement is becoming more true every year.
                           In the 50s, 1/3 the federal tax revenue came from
                           corporations, today it's 7% and still dropping.
                           Assuming the corporists that run the government
                           continue their successfuly campaign to eliminate
                           taxes on corporations whenever possible, it's
                           conceivable that will go down to 0% in a decade
                           or two. -!tom
2017/12/15 [General] UID:1000 Activity:popular
12/15   

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2008/12/9-14 [Transportation/Car, Transportation/Car/RoadHogs] UID:52215 Activity:kinda low
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        \_ HAN: (over speaker) Now let's blow this thing and go home!
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2006/1/26-29 [Transportation/Car, Transportation/Car/RoadHogs] UID:41557 Activity:high
1/26    Our jobs are getting outsourced because we're unpatriotic and
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2005/11/25-28 [Transportation/Car/Hybrid] UID:40733 Activity:moderate
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2005/11/2-4 [Transportation/Car/RoadHogs] UID:40404 Activity:nil
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2005/9/17-20 [Transportation/Car/RoadHogs, Transportation/Car/Hybrid] UID:39738 Activity:kinda low
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2005/9/17 [Transportation/Car/RoadHogs, Transportation/Car/Hybrid] UID:39723 Activity:high
9/17    Toyota to go 100% hybrid:
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2011/4/17-7/30 [Politics/Domestic/California, Reference/Tax] UID:54087 Activity:nil
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	...