Open Thread


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  1. wouldn’t invest in individual stocks G10 unless you have some experience. You have to diversify by industry, by market cap, by country, by growth and value, and so on.

    I’d buy an S&P index fund and some furrin’ index funds like MSCI index.

  2. Walmart US Federal taxes (fiscal years ended 1/31):
    2008: $5.1Bn, 2009 $4.8Bn, 2010 $5.8Bn

    Walmart US State and local taxes (fiscal years ended 1/31):
    2008: $524mm, 2009 $564mm, 2010 $599mm

    back to real work…

  3. By NYGuy7 on December 1, 2010 1:05 PM

    It seems for hating liberals you LOVE to live in a highly liberal city. I don’t see you guys packing your bags for Alabama.

    Somebody has to keep you nutjobs in line. Imagine what the taxes would be here if it were only liberal Democrats!!! You’d tax yourselves right to the poor house and enjoy doing it all the way.

    Kinda like buttsecks!!!

  4. Well Pete, find out the facts before you wrongly make assumptions.

    Much to the chagrin of left wing liberal nutjoibs like yourself, most corporations in the US pay taxes at around 35%, which is higher than most other places in the world.

    Bit we have a lot of people feeding at the tit of the federal government here.

  5. “You can’t live on the minimum wage.”

    Many people do, comfortably, in many parts of this country.

    I may have a cold, but I’m not delusional. Dave, that is the most absurd comment you have ever made. People SURVIVE on minimum wage, but they rob Peter to pay Paul, do without any luxuries as all – ever, parse out every penny, return bottles, clip coupons, shop at Good Will or depend on hand-me-downs, live on filling (hopefully) but not exactly nutritious food, and live in either highly subsidized or substandard housing in areas not known for safety or convenience. Minimum wage jobs are also usually very physically demanding, and take a toll on the body. If you have a family, it’s almost impossible. Comfortable? Not. Most of you wouldn’t survive a week living under those conditions.

    Now thousands of people are in that position, and yeah, they are better off than people in the favelas of Brazil, but that doesn’t mean it’s a desireable lifestyle, or that it’s just fine and dandy that there are so many do. It certainly doesn’t mean they are comfortable.

    There is nothing more high handed than a bunch of upper middle class people having a “discussion” over how “easy” it is to live on a minimum, or even a $12/hr wage job.

  6. omg, I add a little off-handed sarcasm and they all get out their google shoes on.
    Geez, don’t criticize a major corporation in this country or they’ll charge you with treason.

  7. We won’t do business with people who do what is called ‘great working capital management’. Not worth the effort. Doesn’t even make sense these days if you’re the customer… not like you can get any interest in the bank. Better to ask vendor for discount for prompt payments.

    One well known famous real estate tycoon who is on TV all the time, we have him on cc only.

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