hwstar

36 ms·

301.
by hwstar 11y ago
The withdrawal penalties can be anywhere from 6 to 30 months interest for a 5 year CD. 6 months seems pretty rare with only a few institutions offering it.
302.
by hwstar 11y ago
CD's are terrible investments at the moment. A 1 year CD doesn't offer a much better rate than a FDIC money market account, and I certainly would not invest in a longer term CD at the moment. When interest rates tanked, I moved al
303.
4M “missing workers” dropped out of the labor force(epi.org)
2 points by hwstar 11y ago|1 comments
304.
by hwstar 11y ago
I disagree with this. If you are semi-retired like me, you need to have enough cash on hand to weather a market downturn of 1-3 years. That way you are not selling stocks at fire sale prices to keep a roof over your head and food on the tab
305.
by hwstar 11y ago
The whole economy in America has no margin of safety and is a house of cards just waiting to fall down. The average employee lives paycheck-to-paycheck. The small business owner is constantly worrying about making payroll, and is constantly
306.
by hwstar 11y ago
The states hold the majority of the US prison population and the federal government releasing 6000 prisoners isn't really going to change things. The states need to do the same thing. https://en.wikipedia.org/wiki/
307.
by hwstar 11y ago
Not only that, they don't dress them in orange prison uniforms, or transport them in waist chains and leg irons. Sometimes respect and dignity for the prisoners by the prison authorities can go a long way towards reforming the prisoner
308.
by hwstar 11y ago
If the Opulent Minority has to be sacrificed in order for the country to move forward, and the Opulent Minority is the lamb, then I guess the populous is going to have lamb for lunch. This is why king Luis XIV was "Shortened a little b
309.
by hwstar 11y ago
I'm not so sure they really want the best candidates, as they come at a premium. They may settle for someone desperate for income they can lock in with a non-compete, then use them up and wear them out.
310.
by hwstar 11y ago
You should always consider yourself as a possible cause of the problem, but I don't see how you can say that without any detailed information.
311.
by hwstar 11y ago
Noncompetes would be one way. They are based in Washington which unlike California allows noncompete agreements.
312.
by hwstar 11y ago
I agree. The standard of living in the first world countries will meet the third world countries in the middle. This explains why wages haven't increased significantly in the past 25 years in the US. Where it gets interesting is when e
313.
by hwstar 11y ago
Wage Slavery in the US is comprised of not just employment-based healthcare, but these chains as well: 1. Employment-at-will instead of just cause 2. Binding Arbitration instead of the court system for resolving disputes. 3. Non-compete agr
314.
by hwstar 11y ago
Yes examples are about to be made of them unless they act soon. The real question is whether they can all find new jobs before they are "fired for cause" and can't collect unemployment.
315.
by hwstar 11y ago
With everyone dependent on a recurring income for food and shelter, you'll always see conflicts of interest develop between the public good, the employee, and the employer. The only way for this to change is to level the playing field
316.
by hwstar 11y ago
They'd just file for bankruptcy unless you prohibited that as well. Actually, bankruptcy is still an option for VW if things get too far out of control.
317.
by hwstar 11y ago
No doubt. There's a term for this: Harvest mode. I worked at a company pre-ipo all the way to the point where they were almost ready to turn off the lights. This was a 25 year timespan. In hindsight it was a mistake. I should have left
318.
by hwstar 11y ago
Maybe if you beat the bushes hard enough. The companies offering positions without non-competes are going to be rare as the employers labour law council will include it if they can get away with it. It will also very likely be non-negotiabl
319.
by hwstar 11y ago
PE firms kill companies over the long term by sucking all of the value out, then spitting out the (much smaller) shell of a company. When a company becomes controlled by PE, cost-cutting is the number 1 priority. Layoffs happen, the company
320.
by hwstar 11y ago
Now, if Washington state would only ban noncompetes like California... Until more states ban noncompete contracts, I'll be staying in California.
321.
by hwstar 11y ago
Let's hope AB1017 http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?... gets signed by the Governor in California. That will make this problem go away.
322.
by hwstar 11y ago
Then you have people like me who through no fault of their own, are forced into semi-retirement due to the lack of interesting and challenging work. I spend my time working on open source projects and living off my investments and rental in
323.
Temporary Visas, Meant to Import Talent, Help Ship Jobs Abroad(nytimes.com)
94 points by hwstar 11y ago|121 comments
324.
by hwstar 11y ago
California is a better environment. The UK government allows covenants not to compete (Non-compete agreements)
325.
by hwstar 11y ago
Force the drug companies to convert to a 'B' or benefit corporation so that they have to consider the public good in addition to profitability.
326.
by hwstar 11y ago
I. Regarding Zero-hours contracts: The UK worker should be thankful they don't have the following US labour "freedoms": 1. "Employment At Will" 2. Privately insured healthcare 3. Exempt employment and no limit on ho
327.
by hwstar 11y ago
Uber: If we can't exploit 'em then we won't employ 'em. Everything in the sharing economy seems to revolve around someone getting a raw deal, while someone else gets unjustly enriched. Where's the balance? There nee
328.
by hwstar 11y ago
I formed an LLC myself through the California Secretary of State. If your company is a one man band, do it yourself. If it is going to have employees, maybe hiring a lawyer is the most prudent approach.
329.
by hwstar 11y ago
My litmus test for a true shortage is when employers are beating the bushes and hiring semi-retired people like me who are over 50. Until this happens, there is no shortage of STEM workers, and we shouldn't allow the H-1B cap to be rai
330.
by hwstar 11y ago
In the UK, there is Council Housing, this may be a good alternative to rent control because it provides housing at a nominal cost and gives the private landlords some competition. The only problem with this type of offering is it will stick

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