Posted by bad_luck on 1/5/2018 4:05:00 PM (view original):

Posted by cccp1014 on 1/5/2018 3:54:00 PM (view original):

Posted by bad_luck on 1/5/2018 3:43:00 PM (view original):
Cool.

Cali runs a deficit because it can.

LMAO

well played

We will see for how long. Eventually you have to pay the piper.

In this case the “piper” is bond holders and the rates on those bonds are extremely low. So no biggie.

So your solution is to throw more debt at the issue? hmmmmm.....OK

You are definitely NOT a finance guy.

Posted by cccp1014 on 1/5/2018 4:23:00 PM (view original):

Posted by bad_luck on 1/5/2018 4:05:00 PM (view original):

Posted by cccp1014 on 1/5/2018 3:54:00 PM (view original):

Posted by bad_luck on 1/5/2018 3:43:00 PM (view original):
Cool.

Cali runs a deficit because it can.

LMAO

well played

We will see for how long. Eventually you have to pay the piper.

In this case the “piper” is bond holders and the rates on those bonds are extremely low. So no biggie.

So your solution is to throw more debt at the issue? hmmmmm.....OK

You are definitely NOT a finance guy.

You’d think a finance guy would understand that debt is a tool.

It is a balance and Cali doesn't have shareholders. What tool? Cali should be running a surplus to pay the various pension obligations it has. The population is aging and as currently constituted the state will not be able to pay them without borrowing a heck of a lot more.

LOL, ,I don't know what you think you know about California's financial situation but it's nowhere near as dire as you think it is.

Of course the new Tax sham might change that some.

On the basis of its fiscal solvency in five separate categories, California ranks 43rd among the US states for its fiscal health. ... On a long-run basis, California's net asset ratio of -0.62 indicates the state is reliant on debt to finance its operations. Long-term liabilities are 93 percent of total assets.

Comcast laid off more than 500 sales employees right before Christmas, according to documents reviewed by media outlets including the Philadelphia Enquirer, Philly.com, and the Daily News. The documents were confirmed by at least one former Comcast employee who was not identified in the press.

Last week, Boeing announced an $18 billion share buyback plan, and earlier this month, Home Depot announced it would launch a $15 billion share buyback program. Pharmaceutical company Pfizer and computer software company Oracle also both announced share repurchases earlier this month — $10 billion and $12 billion endeavors, respectively — and banking group ANZ announced a $1.5 billion share repurchase earlier this week.

n the last two weeks, Hyatt Hotels, Jet Blue, and T-Mobile all announced share buybacks of their own, and on Wednesday, the same day the tax cuts were signed into law, telecommunications company Liberty Global announced a $2 billion share buyback. Nasdaq put the announcement on its website, and the first line reveals everything you need to know: “In a move to enhance shareholders’ wealth, Liberty Global plc’s LBTYA board of directors approved a new share repurchase program.”

Share buybacks are a way of enhancing the shareholder wealth, and, facing the prospect of a major tax cut, that’s exactly what many large corporations have decided to do. The repurchasing does not create new jobs or increase wages for workers.

The folks at Nasdaq aren’t the only ones saying the quiet part loud. On Tuesday, Tim Sloan, CEO of notoriously fraudulent bank Wells Fargo, told CNN Money what he planned to do with extra cash in which they will now be rolling.

“Is it our goal to increase return to our shareholders and do we have an excess amount of capital? The answer to both is, yes,” Sloan said. “So our expectation should be that we will continue to increase our dividend and our share buybacks next year and the year after that and the year after that.”

AT&T t says it plans to cut about 4,600 jobs, or 1.5% of its workforce, to shift resources to growing parts of its business.

The nation's largest telecommunications provider said most of the layoffs will be among managers.

This is due to the tax law? I think you are reaching.

One problem with the new tax law is I'm gonna have to use the profits from my first paycheck to buy a BIGGER wallet.

the leather / velcro industry thanks you the congress and the president

The only alternative was a man purse or cargo pants.

How about a nice money clip?
You could even get a personalized engraving.

That sounds pricey. I'm a saver. Another bulge in my pants. Confusing to trans genders.

If the democrats just got out of the banking industry. If they left private industry alone. If they just....

If they had never gotten into student loans. Housing loans. AND BELIEVE ME when I tell you there is a place for federal government, I mean to tell you it is to correct an out of balance State. OTHERWISE the FEDS should sit down and shut up. Leave us alone. They can't take care of what they got. Once the states are free from the overbearing facism of federal empowered democrats, they will be more efficient in everything local.

I guess I'll just get a bigger wallet or invest in the economy and grow America and make us great again.