Hollywood-nomics
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Since: Apr 09

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#21 Feb 24, 2012
Fret no more, Ardith. Many unionized jobs are coming "home".

Case in point, Caterpillar.

Your unions are half of what the Cdn unions "charge". They're packing up and moving south. And keeping the $5-million our federal gov't gave them as an incentive to maintain shop here in Canada.

Just saying.

Since: Apr 09

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#22 Feb 24, 2012
I won't touch the car industry.

Since: Apr 09

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#23 Feb 24, 2012
Carmen of Sedona wrote:
Andromeda - I have thoughts about where Hwood will end up but I don't want to post them here. I want to turn them into an article. I don't want to be accused of plagiarizing myself.:) You can ask me privately what I think.
That's a nice invitation, Carmen. I'm thinking that's more of an invitation for Luca, though.:0)
ardith

United States

#24 Feb 24, 2012
I don't know what you are saying Andromeda. All I know is if you give one man $10 million dollars he will buy a few expensive cars. If you spread $10 million dollars out to a thousand people, you will sell a thousand cars. That is the way you keep a healthy economy. When you funnel all the money to the top, you get a third world country. Those are the facts.

There is no argument and it's REALLY simple.

Since: Apr 09

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#25 Feb 25, 2012
This is what I'm saying, Ardith:

Fret no more, Ardith. Many unionized jobs are coming "home".

Home being the U.S. As in manufacturing jobs which are located in other countries, like Canada for example, are closing shop here, decimating total communities and in turn are opening shop back in the States.

Since: Apr 09

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#26 Feb 25, 2012
ardith wrote:
I don't know what you are saying Andromeda. All I know is if you give one man $10 million dollars he will buy a few expensive cars. If you spread $10 million dollars out to a thousand people, you will sell a thousand cars. That is the way you keep a healthy economy.
I agree. If they had given the $$ to the people instead of the mortgage owners then everyone and then some would have gotten money. Your gov't had all the information they needed based on tax returns (interest on mortgage owing). The banks still would have gotten all their money. People would have kept their houses and been living mortgage free. Also, what's the first thing people do when they "win" a loto? They probably in turn would have taken out loans for cars or maybe even another home, which in turn would have saved not just manufacturing but your trades people. Retail would have been booming,(TVs, stereos, etc.) as well as tourism and entertainment, etc. Every spin off industry would have boomed. In short, you would have been fine. But for some reason your leadership didn't see it that way. No leadership did. I guess maybe I'm too simple and Polly Anna.? In fact, it's just now, three years later, that Obama is trying to stimulate your economy from the bottom up (construction). Construction touches *every* part of the economy, most importantly it's all about the blue collar middle class. I don't know why he waited so long.

Canada's problem is that we've relied too much on the US when it comes to our manufacturing and trade. Our financial sector runs differently than yours so we weren't impacted as heavily as you and other countries (our retirement savings attached to mutual funds, etc., took a massive nose dive) but the housing sector is flourishing. But when it comes to manufacturing... Canada is "U.S. owned." That's why our manufacturing towns are practically ghost towns, now and those left behind are on welfare. Anything that did survive, like Caterpillar who reported a 58 percent increase in quarterly earnings ( http://www.reuters.com/article/2012/01/26/us-... ), is bailing and in turn are returning the jobs to the US. The union made that an easy decision for them to make (wouldn't take a 50% cut in pay) So they all got a pink slip. THus the US blue collar sector can look forward to more jobs. They were going anyway. A 50% cut in salary is a very bitter pill to swallow and Caterpillar knew it. The US salary and benefits packages negotiated by the U.S. union will be much cheaper which is the point.

I would like them to pay back the $5M they happily pocketed as an incentive to stay.
Lizaird

Selby, Canada

#27 Feb 25, 2012
And don't forget Andromeda that Canada has long been an "intellectual" mecca creating many sophisticated engineering, and medical research facilities. Without proper support (ie people and government) that too is on the wain. Many substantial research projects are put on hold that can really contribute to solve problems in the world. In fact many Canadians don't even realize what is going on here.

It is funny cause I remember in the 70's when the first "Made in the USA" campaign appeared. It did give incentive for the manufacturing to thrive but the other result was that alternatives to manufacturing were sought back here in Canada. That is why development in intellectual research was developed here in Canada in the first place.(remember the Canada arm on the space shuttle?- that company now no longer exists)

Since: Apr 09

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#28 Feb 25, 2012
I hear ya, Lizaird. Back in the 80's and early 90's it was easy to get research scientists to work here in Canada... esp for the gov't because "we" funded them with whatever they needed for however long it took.(Unlike the private industry scientists and engineers who had to apply for grants via universities and budget accordingly...which they usually got, too but it was the universities who paid the salary and benefits) all for the reasons you said above.

Two words: strategic review. Watch the for the Budget which is due to come out in the next month or so (no date has been announced yet.) I have it on good authority that there will be a 10% cut straight across the board (times three years). Few depts like boarder security, are safe. Other departments, like National Defence (civilian side) are looking at a 30% cut to start with.

Treasury Board (gov't manager) is hoping many will take the retirement incentive (four years earlier without penalty). But the sad fact is, those (many) still working past retirement eligibility have to because they still have mortgages, credit card debt, kids in university, etc.. If that's the case, the cuts mostly fall to the 30 and 40-somethings.

On the other hand, the federal government isn't impervious to what the private industry has had to sustain for the the last three years. The gov't doesn't make money. It spends tax dollars. It's a known fact that the federal government is *bloated*. Especially administratively. It's too bad that that scientists and engineers who do good work, will suffer the axe man, too. It's our loss as other countries, like the US, will snap them up.

More brain drain.
ardith

United States

#29 Feb 25, 2012
I imagine the manufacturing companies that do come back will be looking to pay minimum wage and give no benefits, no sick time, no health insurance, no vacation time. Even with Obama it is still abundantly clear, our government never supports the workers, always supports corporate greed.

Since: Nov 11

Location hidden

#30 Feb 26, 2012
ardith wrote:
I imagine the manufacturing companies that do come back will be looking to pay minimum wage and give no benefits, no sick time, no health insurance, no vacation time. Even with Obama it is still abundantly clear, our government never supports the workers, always supports corporate greed.
This is absolutely true of many. Not all. I've read of both instances happening.

I do think the destruction of the middle class is very bi-partisan ardith. It was under Clinton that Glass Steagal was repealed, allowing banks and investment companies to function as single entities. Also don't forget that Clinton was the one who forced NAFTA on us - and it was H. Ross Perot who warned of its consequences!

One thing is for sure, it is every man and woman for him/her-self. Our economy is based on pitiless greed. No community. Complete meanness. It is a tragedy.

Since: Nov 11

Location hidden

#31 Feb 26, 2012
Going back to the original post, the article described Hollywood very accurately. One percent glamor and glitter - what you read about and see on the Oscars once a year - 99% people living on a hope, a prayer, and maxed out credit. And most of the 1% who are actors are insecure people who remember what it was like to be part of the 99%, and know that they are a one or two flops away from being forgotten.

Look at Demi Moore. She used to be the highest paid actress in Hollywood.

If Ronin doesn't do well, Keanu will have career cooties.

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