reg + reference
in [Design]
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From: Joerg on 4 Apr 2010 16:55 krw(a)att.bizzzzzzzzzzzz wrote: > On Sun, 04 Apr 2010 13:40:51 -0700, Joerg <invalid(a)invalid.invalid> wrote: > >> Fred Abse wrote: >>> On Thu, 01 Apr 2010 07:04:21 -0700, John Larkin wrote: >>> >>>> There have in fact been recent articles in the electronic press about the >>>> Freescale and NXP situations. Both went private, under crushing debt >>>> loads, and both are fighting to survive. >>> The "technical" term is "leveraged buyout". >>> >>> Now, what does "leverage" remind me of? >>> >>> ;-) >>> >> Leverage the leverage that was already leveraged? :-) > > Obama nationalized them too? Nah. That trick was already known to the California legislators. And now we have the consequences, plum salaries and irrevocable fat pensions for a select few and not enough teachers for the kids :-( -- Regards, Joerg http://www.analogconsultants.com/ "gmail" domain blocked because of excessive spam. Use another domain or send PM.
From: krw on 4 Apr 2010 17:14 On Sun, 04 Apr 2010 13:55:27 -0700, Joerg <invalid(a)invalid.invalid> wrote: >krw(a)att.bizzzzzzzzzzzz wrote: >> On Sun, 04 Apr 2010 13:40:51 -0700, Joerg <invalid(a)invalid.invalid> wrote: >> >>> Fred Abse wrote: >>>> On Thu, 01 Apr 2010 07:04:21 -0700, John Larkin wrote: >>>> >>>>> There have in fact been recent articles in the electronic press about the >>>>> Freescale and NXP situations. Both went private, under crushing debt >>>>> loads, and both are fighting to survive. >>>> The "technical" term is "leveraged buyout". >>>> >>>> Now, what does "leverage" remind me of? >>>> >>>> ;-) >>>> >>> Leverage the leverage that was already leveraged? :-) >> >> Obama nationalized them too? > > >Nah. That trick was already known to the California legislators. And now >we have the consequences, plum salaries and irrevocable fat pensions for >a select few and not enough teachers for the kids :-( Legislators aren't the only ones with fat pensions (though it is cute how the prison guards got the huge pensions under Grayout Davis - the flip side of CA legislator's pensions being paid from the prison pension).
From: John Larkin on 4 Apr 2010 17:17
On Sun, 04 Apr 2010 13:55:27 -0700, Joerg <invalid(a)invalid.invalid> wrote: >krw(a)att.bizzzzzzzzzzzz wrote: >> On Sun, 04 Apr 2010 13:40:51 -0700, Joerg <invalid(a)invalid.invalid> wrote: >> >>> Fred Abse wrote: >>>> On Thu, 01 Apr 2010 07:04:21 -0700, John Larkin wrote: >>>> >>>>> There have in fact been recent articles in the electronic press about the >>>>> Freescale and NXP situations. Both went private, under crushing debt >>>>> loads, and both are fighting to survive. >>>> The "technical" term is "leveraged buyout". >>>> >>>> Now, what does "leverage" remind me of? >>>> >>>> ;-) >>>> >>> Leverage the leverage that was already leveraged? :-) >> >> Obama nationalized them too? > > >Nah. That trick was already known to the California legislators. And now >we have the consequences, plum salaries and irrevocable fat pensions for >a select few and not enough teachers for the kids :-( Government inherently grows exponentially. Once it gets to be 10 or 20% of GDP, it and its employees and parasites become major political powers in themselves, and compete with ordinary citizens and companies for wealth, with the advantage that government makes the rules. The only reasonable response of non-parasite business is to go away, which it sure does. The only fix would be constitutional amendments that limit tax rates and the size of government and the amount government can spend in excess of revenues. It's probably too late for that. John |