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You could buy craploads of drugs downtown long before the depot was even thought of. |
"What they are looking for is about 1.5 million in somewhat painless concessions from the teachers union and town employees. either that or a lot of them will lose their jobs. Kind of a no-brainer."
From a public employee perspective. Why should public employees shoulder the financial burden for the whole community? They teach your kids, provide public safety, repair your streets....all things demanded by the "general public"; yet the general public doesn't want to pay for it....just ask your town employees to take the hit. How many of you would voluntarily reduce your pay, give back negotiated contract provisions and health benefits , take a furlough, etc. if your employer promised to give the $$ savings to your town? |
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Trash is trash man, no matter what 'culture' its from. Get over blaming one 'culture' over another. |
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The situation for municipal government isn't the same; generally the demand for services increases, especially in a growing community (Mansfield?) that sees lots of residential development...more kids in schools, more roads to plow, etc. Municipal gov.is not a "profit making" enterprise, it's business is to provide public services at cost. The revenue coming into municipalities is severly impacted by the economy; less state aid coming in & reduced RE tax revenues due to delinquencies resulting from the poor economy, etc. However, municipalities are required by law to submit a balanced budget every year, so with 2 1/2 limitations and reduced revenues there are only so many options. Municipal governments responsibility is to operate as efficiently as possible while meeting the needs of residents, but beyond that when costs exceed revenues who should pay. It's either cut services, make public employees absorb the losses or everyone pays their fair share. Having just gone through the "budget battle" I can tell you that fat in municipal budgets is a thing of the past and the projections for the next fiscal year are worse. If you knew how many municipalities are close to "going out of business" you'd be shocked. It's time for tough "responsible" decisions on everyones part...I'm just glad I drive a 4WD truck and my kid is out of school! |
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Open up the Mansfield News to the police blotter and half the reports are from that area (if you were to discount events at the Comcast Center). I'd love to see a heat map with a distribution of crime in the town. I do not intend to make this a racial issue all. As you said, trash is trash. |
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Open up the Norton paper. Where's all the drug busts? The Glen. Been that way for 20+ years. Norton just learned to keep the undesirables over on the OTHER side of town. :hihi: |
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Just like the private employer, residents (the "ultimate" boss) must decide their priorities. If the employer wants to keep making wigets the costs of running a business must be paid, and decisions must be made on the best way to keep the business running. If residents want to maintain "their" level of services, costs have to be paid or decisions have to be made. If residents feel that they're not getting what they pay for, I agree with you, the changes have to come from the employee side; but if the service provided is good the only fair solution is to share the hit across the board. As I said before, governments job is to provided services "to you" as efficiently as it can, beyond that you only get what you pay for. You want to pay your employees $15 an hr.....you get $15 an hr. employees....and before long the widgets will be made in China and when you call your city clerks office you'll be speaking long distance to someone with an Indian accent. |
what if I don't want all the 'services'?
or to continue to pay benefits for life for those that have worked there, and which are unfunded at time of agreement? And your analogy about widgets is the way the private sector works. This state has lost almost 17,000 IT jobs in locally run businesses, guess where they went? Actually the hiring 'over there' was almost triple 40-50K new jobs. My raises over the last 5 years hasn't even matched your COLA , I have had my pay cut twice and yes I've had to take furloughs, actually extended ones with no benefits or income. Come join the 'private sector' you'll see the real world. |
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After retirement, I work part-time at a local golf course so that I can play for free. It is owned by the city, but is contracted to a private Golf Co. The city could not, because of the cost of its union labor, profitably run the course. It had deteriorated to a cow path. The private co. has managed to make it a golfing jewel and make a small profit. So, now, yes, tough decisions have to be made. Yes, municipal bankruptcies are imminent. If tough decisions are made, rather than constant, inflationary and debt loading Federal Govt. bailouts, we may slowly return to some sustainable level. If not, in the words of Louis XV--apres moi, le deluge. |
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TI is long gone from the industrial park, hell they sold the Attleboro campus years ago. |
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In all the commotion regarding the big banks and Wall Street the fact that they have moved thousands of jobs off shore never gets any play. Yet the management were paid a large bonus on the "improved results" which partially came from moving jobs overseas. When the bailout came I was hoping that there would be some noise about having a commitment to bring some of that back to the US I guess it is too small an issue in the scheme of things. The bank I used to work at had well over a thousand employees in Bangalore and if you talk to the senior it people they would tell you they savings were insignificant but nobody wanted to tell the emperor that he had no clothes.
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You have $10,000 to invest and want to put it into the banking sector. Bank A is locally owned and operated, employees only a US workforce, is not technolgy focused and doesnt offer a lot of innovative ideas but it is relatively profitable and stable. Bank B is aggressive, and is looking to lead the sector, invests in new technology and is all about cutting costs, do more with less. They outsource tons of work but have the latest and greatest products and technology. As an investor where would you put your money? People need to realize the goal of a business is to make money, period. they have no social, political or economic obligations. They only have legal obligations and obligations to their shareowners.Ex - the goal of the Boston red Sox is to make money, period. If it became profitable to lose baseball games, they would do all they could to lose them. They have no obligation to anyone but their owners. |
As to which company to invest in I think it is governed by what your risk expectations are.
That is not your question though which I believe is whether a company has some greater obligation to factors other than the highest return to its shareholders. Even if you took the strict view that the company's obligation is to return the maximum value to shareholders there would still be some limit on the company's activities. For example, saving money by using a cheaper but potentially more faulty brake system design may make more money for an auto company short term but long term may hurt the company's long term profits as customer may avoid their cars. Does management have a greater duty to the short term holder over the longer term investor? Moving jobs to the third world may save salary expenses short term but in a politically unsettled third world could be more risky and lead to greater costs in the long run. While the bank is free to move those jobs off shore my point was that (i) the rationale (money savings) seemed flawed based on the conversations I had with some of our IT people and (2) the government was in a strong position after the bail out to wrangle from these banks some type of commitment to maintain employment in the US and did not do so. That was an opportunity lost. |
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