(11:10:44 AM)Banks were out of control back then with predatory lending and handing out loans to so many people with bad credit and the only way they could cover some of these losses was to sell off tons of these mortgage backed securities as AAA mutual funds.
(11:05:22 AM)@ Keitaro OH... those agencies LOL Now I know what you meant. I remember that. They paired these junk bonds with some higher rated bonds and credit agencies rated them AAA during the investment frenzy of 2007 into mortgage backed securities that lead to the subprime crisis.
<<< His SNSD, Red Velvet, and Kara bias are, . . . wait for it, . . . "all of them." ^_^ <<< Innocent! ^.^
I hope it's not deadlier, cinderella@yoona. I rather have the coronavirus just plain be dead than be deadlier. ^_^
Please stop being paranoia now, Keitaro88. Everything you've said about the economy is a mismatch and a dumb conspiracy theory. You've not ever presented any solid evidence to begin with about the businesses and corporations too. Seriously, a CNN article? LMAO! You do realize CNN is owned by a pathetically biased corporation? ^_^ Tehehehe. It's just wide speculation and rumor talk to feed a stupid socialist's agenda. Calm down. ^_^ Tehehehe.
(08:18:56 PM)former Kara's Kang Jiyoung was on her way back from drama shooting last night, when a drunk driver hit her van. She and her staff got injured, not too gravely, but reportedly won't be able to resume shooting for awhile
(06:17:58 PM)economy is megacorporations and approving(under fear of competitiveness form abroad) merges into mega companies(monopoly), "too big, too fail" 08 (govs will bail out them) 08, while FTC would divide them. *facepalm* and what we have now, bail outs.
(04:56:17 PM)@korniceman3000 no no, you dont understand me. read about bank crisis 08. it was audit/rating fault to give toxic assets AAA rating while banks and countries worldwide buying them from american banks. After debacle, they said it was just advises, hehe
<<< Imagines Soshi Marvel, . . . ^.^ Taeyeon as American Dream, Tiffany as Pepper Potts, Jessica as Scarlet Witch, Yuri as X-23, Yoona as Spider-Woman, Hyoyeon as Jane Foster, Sooyoung as She-Hulk, Sunny as Captain Marvel, Seohyun as Invisible Woman, Victoria as Storm, Luna as Namora, Amber as Ko-Rel, Krystal as Miss America, Sulli as Rogue, Irene as Jean Grey, Joy as Valkyrie, Wendy as Psylocke, Seulgi as Betty Ross, and Yeri as Namorita.
<<< Imagines Soshi Image, . . . ^.^ Taeyeon as Lady Supreme, Tiffany as Angela, Jessica as Ballistic, Yuri as Diva, Yoona as Eliya, Hyoyeon as Velocity, Sooyoung as Cyblade, Sunny as Zealot, Seohyun as Ultra, Victoria as Synergy, Luna as Psilence, Amber as Vogue, Krystal as Masada, Sulli as Riptide, Irene as Caitlin Fairchild, Joy as Sarah Rainmaker, Wendy as Cybernary, Seulgi as Glory, and Yeri as Seoul.
<<< Imagines Soshi Valiant, . . . ^.^ Taeyeon as Erica Pierce, Tiffany as Jillian Alcott, Jessica as Livewire, Yuri as Pulse, Yoona as Doctor Mirage, Hyoyeon as Hotshot, Sooyoung as Grasshopper, Sunny as Double Blind, Seohyun as Roku, Victoria as Myshka, Luna as Granite, Amber as Animalia, Krystal as Timewalker, Sulli as Satin Doll, Irene as War Mother, Joy as Nikki Finch, Wendy as Sai, Seulgi as Danielle Fireseed, and Yeri as Tama.
<<< Imagines Soshi DC, . . . ^.^ Taeyeon as Supergirl, Tiffany as Batgirl, Jessica as Wonder Woman, Yuri as Zatanna, Yoona as Mera, Hyoyeon as Mary Marvel, Sooyoung as Donna Troy, Sunny as Jesse Chambers, Seohyun as Jessica Cruz, Victoria as Power Girl, Luna as Hawkgirl, Amber as Miss Martian, Krystal as Stargirl, Sulli as Starfire, Irene as Arrowette, Joy as Phantom Lady, Wendy as Artemis, Seulgi as Godiva, and Yeri as Raven.
(12:58:48 PM)Govts always lie LOL If they didn't, they wouldn't be the govt. Gotta run. Time to buy some groceries. Hopefully the lines won't be too long as it is virtually impossible to stand 6ft apart from another customer.
(12:31:28 PM)I sure hope this coronavirus ends by May. The troubling part is which countries that haven't seen the curve start or haven't began testing. France took a beating the last 24 hrs with 1300+ deaths .
(12:13:34 PM)What we need is some kind of law that prevents Pharmaceuticals from price fixing and companies from continually filing new patents on existing drugs to keep generics from being sold in the US.
(12:01:35 PM)Plus, Delta doesn't have a liquidity issue like AA. They sit on at least 45% their earnings. The remainder is for buybacks, dividend payouts, and outside investment. None of which is used on employees.
No, clearly they didn't know, which is why their downsizing. You've never heard of false advertising before companies sign contracts to work together? And when they break it off, it's on bad terms anyways.
(11:52:37 AM)LOL They don't have any trouble managing their money. They already weathered the so-called bankruptcy issue over a decade ago. LOL Amazon knows EXACTLY what they are hiring and using a sub-contracted company is just one way to shield against having direct liability and being held accountable. They knew of how their sub-employees were being treated and the work related dangers. I remember some managers had emails in a 60 Minutes report that showed high lvl admin knew but didn't take any actions against the contracted companies.
That'll change soon, korniceman3000. A huge amount of comments that I have read over the past few weeks now want these pharmaceutical drugs to be made in the U.S. Did you know about the huge differences in drug pricing between the U.S. and other countries? And thanks to the President of the United States and his Administration, the drug prices are going down. ^.^
Easy catch up. ^_^ Moving on to brighter things now, . . . ^.^
(11:43:48 AM)Sadly I did know about the fact that most of the pharmaceutical drugs and vitamins are manufactured in China (as high as 80% in some estimates). A lot also from India, Egypt, and parts of the Middle East. FDA only manages to check a small percentage. Not a surprise since our pharmaceutical industry only cares about profits and the cost of manufacturing drugs there are so low that it is highly unlikely any of them will ever be made in the US.
ROFTLMAO! Those must be the low end audit agencies if that's true, korniceman3000. Again, it's not a bad thing for businesses to have tax breaks. And they have to pay for the operational costs, not the taxes. Come on. ^_^ Tehehehe. Did you not read what I typed about Delta and American Airlines riding that bankruptcy for some time now? Why complain about tax benefits while these companies have a tough time managing their own money? These arguments you're presenting is really out of place, to be honest. And still yet, they have to pay back loans nonetheless, regardless if they have to buyback stock. Just look at the bigger picture instead of nip-picking and ignoring what's really going on. I can sum all of this in a single paragraph and move on. ^_^ Yes, I've heard of Amazon laying off hundreds of workers. And those warehouses are actually smaller contractors they work with, so it's not Amazon directly anyways.
(11:32:33 AM)Worst off are Amazon pilots who get paid below industry standards. And I'm sure you already heard about how Amazon screws over it's employees and the poor conditions of their warehouses, work environment, etc. Also, Amazon is under investigation in the UK, France, Germany, Japan, Ireland, Singapore, Luxembourg, Italy, Spain, Portugal, and China for corporate tax evasion. This clearly isn't a coincidence
(11:18:52 AM)At least in Delta's case they paid their pilots double overtime, especially due to shortage of planes due to 737 MAX grounding. Not AA or United, their regional pilots continue to be overworked. Plus there's a shortage of pilots in US because demand is high overseas and the pay is better attracting many younger pilots.
(11:10:34 AM)And given their record earnings including $47 billion in profits from 2013-2018, you would think they would pay back some of that money they owed. Nope, they used it for stock buy backs while making their existing pilots work longer hours, more shifts, while hiring less staff (particularly America Airlines domestic flights, high volume, few pilots, little in-between rest time).
(11:03:20 AM)Those all get major tax deductions. Did I also mention Delta terminated their pensions for pilots since they filed for bankruptcy in 2006? Many of those pilots got royally screwed in all their retirement benefits and to this day Delta, still hasn't paid many of their pilot retirement benefits. With AA, they terminated their pensions after 2011 bankruptcy and many of their pilots and employees had their benefits and pensions terminated or frozen. Talks are still ongoing to help them get back the money the airlines owe them.
(10:45:06 AM)@ Keitaro A lot of audit agencies have good workers doing their jobs. The problem is convincing their bosses to go along with their investigations and not having them being swept under the rug. The only time companies get held accountable is when undercover agents or whistle blowers pop the lid on a companies internal operations that leads to a federal investigation. Even then, the penalties are mostly fines that seem like a slap on the wrist. Then its back to business as usual.
Amazon now? Won't it be more grateful to have tax reductions and tax benefits for businesses that help people across the nation, korniceman3000? o.o So what if they didn't have to pay Federal Taxes for a year. They still pay State Taxes, all 50 of them! And I assume all of the U.S. Territories too. Are you against the President's goal of having U.S. businesses overseas to return back to the U.S.? Did you know about this?, . . . https://www.theepoch...ay_2497862.html Mind boggling and scary? It sounds as if you don't want businesses to thrive in the U.S. at all. Or, you can just stop ranting in the SBox and re-listen to all of their songs and re-watch all of their shows. It's going to take a miracle for all 9 to be back together and make a solid comeback.
Delta and American Airlines are well-known for riding cost to the edge of bankruptcy. So why make it like their snobby-secured-rich or something when they're just trying to do their jobs? And as for the tax weapons, would you rather tax a business to death, like how New York and California are? It's sheer madness that almost brings back that saying, "taxation without representation" back from the Revolutionary War, korniceman3000. >.< Come on. Just chill. The relief bill is passed, and there's no point in arguing further about it. It's done. Period! Be more worried about the spread of the coronavirus than trying to tax the rich to death. Since when was an accelerated depreciation a crime? O_O Did it mention The Economic Recovery Tax Act of 1981? I don't recall. Bad investments leads to company losses, that's the reality of it. What is this? Some sort of adult version of pretend economics that a pilot's pensions won't be affected?
<<< His SNSD bias is, . . . wait for it, . . . "all of them." ^_^ <<< Innocent! ^.^
Technically? You're still not looking at the whole picture of how the airlines stay afloat. I did mention operational costs at the beginning of all of this. Now add taxes, paying wages, medical, insurance, retirement, supplies, equipment, maintenance, fuel, audits, etc, etc. It isn't cheap running an airlines business, korniceman3000. >_< Again, it's not a crime for them to secure their business. It's even good for the market some times. Dare I say, it protects them from hostile take-overs from rival competitors, especially when it comes to the value of their shares.
(12:05:12 PM)I guess that's the magic of having a publicly traded major corporation. You can use stocks to generate imaginary value while avg. people and small businesses cannot and must rely on physical money and assets.
(11:48:33 AM)Amazon themselves said this: " “We have tax benefits relating to excess stock-based compensation deductions and accelerated depreciation deductions that are being utilized to reduce our U.S. taxable income.”
(11:42:31 AM)Filing for bankruptcy basically shielded Delta by wiping out a lot of their debt from bad investments. It protected them from having to pay taxes years into the future based on projected future losses and allowed them to terminate their pilot pensions.
(11:10:57 AM)Corporate tax accountants will tell you there are so many weapons they can employ to help a company reduce taxation, options that aren't available to individuals or small companies. It's why so many avg Americans have to fudge their tax deductions to squeeze a little more out from IRS
(11:08:31 AM)At the same time by buying back their own stock and re-inflating their stock value, they can also count that as an investment, allowing them to be taxed through capital gains tax law, a far lower rate than corporate taxes. They also have the best aviation accountants to justify corporate tax deductions by increasing operational and employee expenses etc. This is just the tip of the iceberg on how they operate.
(10:55:27 AM)At the same time, they technically never actually lost anything because the money was generated on paper only. However, the amt. they receive in tax rebates is actual physical cash from the govt.
(10:54:20 AM)That on paper money is not physical liquid cash though. Then 2009 first quarter hits and they under perform and only get 15% increase, 5% less than their projected earnings. They can then count that as a loss for a tax write off. Lets say this results in the stock dropping from $15 per share back to $12 per share. Again they can count that as a loss and use that for a tax write off.
(10:48:56 AM)Lets say it is 2008. Delta has stock valued at $10 a share. They earned $1 billion dollars by years end. The company then deliberately over projects to shareholders that they expect a 20% increase in profits the next quarter (but the real estimate is only 10% increase or less). That drives up Delta stock value on paper money to let say $15 per share.
The Guardian still likes to spin their lying narrative against the Man in Office. He's being realistically optimistic. Pelosi and her moronic followers has done way more damage to the country. It was her fault that delayed that $2.2 trillion bill. https://www.theepoch...ll_3283887.html And she had the sheer and utter audacity to blame him for the coronavirus deaths? Who is she trying to fool, when Democrat-run States allowed infected into the country under Sanctuary Cities and calling him a racists for blocking any arrivals from China. >.<
Comparing rebates to the average person whose not rich is a huge difference, korniceman3000. Instead of just looking at their tax returns and earnings without looking at how much they spent in taxes, why not look at the entire tax system the rich have to face annually. Here, start with this small piece, . . . ^_^ https://www.brooking...tax-them-more/ Now stroll on over to this next one, . . . ^.^ https://www.heritage...e-taxes-you-do "Pay a larger amount" without stating a single tax dollar amount for your rebuttal? This is what is called an evasive argument. And what I've provided, the tax numbers don't lie. That Delta article firstly pointed out they've lost "billions" while trying to force the point they didn't pay any federal tax? Are you kidding me? o_o
The hospitality and travel industries are getting hit the hardest during this outbreak/pandemic, meaning they're not getting their usual amount of income. You have to think from their point of views in trying to keep their business afloat in this uncertain market and the serious circumstances happening right now. If your business was facing a massive income drop and customers not taking up on your services, won't you try to find ways to upkeep your reserves or most of it, or would you rather be subtle about having none whatsoever and face filing a Chapter 9 Bankruptcy claim in the near future? You can forget worker strikes when there's no airline that has no money in the end, korniceman3000. By the way, why so focused on the airline industry anyways? Did something happen? What did the airline industry to that was so wrong? Is staying rich a crime?
<<< His SNSD bias is, . . . wait for it, . . . "all of them." ^_^ <<< Innocent! ^.^ Welcome back to the SBox, Elle! ^.^
Let's put this into more perspective here, korniceman3000, shall we? ^_^ $4 trillion combined means there's monetary discrimination towards those who've either earned their fortunes or inherited it from those who'd earned nevertheless. What they do with their money is no different than what the rest of us do with our money. If they can legally do that to help, work with the government, and/or boost the economy which will aid their business, there's absolutely no need to prosecute them in any way shape or form. As for loans, they have to pay back regardless and they have to pray there isn't any interests rates attached to them.
(11:58:46 AM)It's like a long term way to defer taxes (if not entirely) + these taxes are offset to the consumer and shareholders allowing them a pass. Sadly as bad as Delta is, they still pay better dividends than a lot of other corporations who hoard their cash like Amazon.
(11:33:27 AM)Last year, over 80 major corporations found enough loopholes in the tax law to not pay any taxes, including Chevron, Amazon, Netflix etc. Amazon even managed to even get a $129 million tax REBATE.
(11:14:48 AM)American Airlines is asking for $12 billion. I can expect Delta and United to eventually ask similar figures. That's already two thirds of the amt. granted for airline industry bailout. That $58 billion isn't going to last very long.
(11:09:19 AM)You have flight attendants, pilots, and other employees asking the govt. to "provide direct payroll subsidies to airline industry workers, including pilots and flight attendants but also airport service workers" and not to give that money to the airline execs to distribute.
(11:07:04 AM)American spent the vast majority of their physical liquid earnings and Delta about 50% to inflate their stock value on paper. Now the collapse of the stock market caused their imaginary money to disappear and they have no physical money for payroll and operations and want real physical cash loans from taxpayers to bail them out while still saying they will have to do massive layoffs because they can't meet their "projected" future earnings....
(11:02:23 AM)Money they were supposed to use for lending but didn't leaving a void in liquidity that forced federal govt. to pump $500 billion in December and another $500 billion in March for short term funding. Not because banks didn't have the money, they just didn't want to use their own money.
(10:49:28 AM)It's $4 trillion combined in cash for all the US non-financial corporations. On top of their cash reserves, they also have a trillion in financial physical assets + the existing value in their stock. This means they have tremendous leverage they can use to borrow from banks which also sit one ridiculous amts of cash.
(04:36:23 AM)During the Star Chatting, Yuri said she likes Kingdom, the Korean zombie period drama on Netflix, is now looking forward to season 3 andalso said she wants to appear on later seasons, even if it's a zombie role, because she bites well, LMAO