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Cingular's 2Q profit triples...
know1
Posts: 6,763
http://www.bizjournals.com/atlanta/stories/2006/07/17/daily33.html
"...record quarterly profit..."
If this were an oil company, there'd be a lot of people crying foul!
"...record quarterly profit..."
If this were an oil company, there'd be a lot of people crying foul!
The only people we should try to get even with...
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
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The do have some problems. I know that when I switched over from AT&T, the service went down and the fees rose.
The costs of phone service do have an affect on other businesses and people...
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Sorry I prefer to not carry one, so I cannot br reached at any minute of the day...its like people on vacation from their job levaing their cell phone # for messages as a contact while they are away...seriously your on vacation keep it that way...sorry for the rant...just personally I never carry a cell.....however I do have one but it only comes with me when I travel...and still it is turned off....
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
I know, the cost of a gallon of milk is outrageous...
Call me crazy but heavy cell phone useage I view as bad...the same applies to fluoride toothpaste, aluminum laden deodorant/anti-persparent and articifal sweeteners laced with aspartame....with landlines I don't deal with GHz of electro-magnetic energy in my ear (plus no one can listen in too my calls, call me paranoid but I had a serious conversation with a friend who had a cell phone and the next day the entire town knew of it b/c of someone picking it up on their scanner) , I hate the idea of ingesting fluriode, aluminum application to one of the most porous areas of your body, and aspartame ingestion which I cannot believe is still allowed after I read the clinical studies on it scary stuff...so I use primarily a land-line (like I said away from the house for a reason...not for people to bug me with nonsense), natural deodorant/toothpaste, and natural food products.....call me paranoid...but since switching up the deodorant and toothpaste I feel better on a regular basis and more happy....
Yeah I heard the dairy industry is outsourcing to Mexico bc the American cows often complain and demand too high of a living standard.
As corporate profits soar; wages have remained stagnant as inflation has risen.
ya, I haven't had a landline for about 5 years now... i don't miss it at all.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
Care to explain why "corporate profits" should rise or fall at the same rate as wages or inflation? If, for example, Cingular's profits had fallen, would you be demanding that every Cingular employee should take a pay cut?
that's one way to raise profits...
They've been doing that for years. When someone tries to cancel, they tell them that there will be a tower up within a year.
When I switched from AT&T, my plan rate rose , my incoming text message rate rose by $0.10 and my per minute charge rose by 2.5 cents. All of this happened after two people had told me that it would all stay the exact same.
I still have a good enough deal to continue, obviously, or I would have left. These practices all contribute to a tripling of profits though.
I'm a cingular subscriber, by default...my service is with Suncom, which was part of AT&T and now Cingular...
luckily for me, I had the "Unplan"...one price, unlimited minutes, long-distance, the regular stuff...I know what I pay is sweet compaired to many....so, I'm sticking with them until a better deal comes along...
which is a nice thing, unlike gas and oil prices, there is competition...
You don't have a wireless phone in your house attached to a landline? I actually do not use the phone all that much anyway. I think I spend an average of 5-10 minutes on my personal phone per day.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
100% agree with you here. The problem with oil is that it is a fixed commodity. There is no room for competition in that industry. Alternative energy is one thing but, so far, we still need oil even for that.
The cost of a gallon of gas, roughly, is determined by the following thing:
PRICE OF CRUDE: 40%
PRICE OF REFINEMENT: 20%
PRICE OF TAXES: 30%
OTHER: 10%
Since 70% of that total is determined in the relative absence of competitive forces, it completely stands to reason that prices will be similar.
If you want to introduce competition in gas prices, you're going to have to eliminate the taxes and eliminate the conglomerates that control the crude.
That's the key to this whole thing. I don't know that there is a way to eliminate these conglomerates.
Of course there is. Stop paying them.
You've got me there. I have nothing to come back at that with that is logical.
You could always just try this:
http://news.scotsman.com/index.cfm?id=654402006
My favorite part:
"But he has also said that nationalisation will not mean a complete state takeover, because Bolivia lacks the ability to tap all its natural gas on its own."
Seriously?
When corporate profits fall, no... they don't ask employees to take a paycut, they just lay them off.
There is room for manipulation of the supply though.
But that makes sense, right? Since the argument is that if profits go up, so should pay, it would stand to reason that if profits go down, so should pay. So if profits triple, average pay should triple. If profits are cut by 2/3, then so should average pay, right?
How come I don't see posts here saying that people should lose their pay or their jobs if profit disappears? But I see tons of them saying that people should get increases when profit rises. Why is that?
Because that already happens.
There is an inefficiency in the system where those that benefit most when profits are up are burdened disproportionately to those that suffer most when profits are down.
But when it does happen I see those same people complaining, not saying "this is as it should be".
GM lost roughly $10B in 2005. Yet they still continue to employee tens of thousands at exactly the same pay scale they had beforehand. Shouldn't all of those people have been given massive pay cuts so that GM wouldn't have had to lay anyone off?
do you have a source for this information...? Not withstanding, I disagree....if companies wanted to compete they would find a way...
I would think a CEO would not be so quick to give out a free pass....;)
I do agree with splitting up the current monopoly...I still have to wonder what all was discussed at those Energy Policy back in 2001...
GM made roughly $6B in 1999. Their CEO salary was $4.8mil. In 2005 their CEO salary was $8.5mil. 2+2=5 for G Wagoner. This is inefficiency.
http://www.eia.doe.gov/bookshelf/brochures/gasolinepricesprimer/eia1_2005primerM.html
All of that depends on your nation, region, and time, but the numbers hold roughly true.
Companies don't want to compete. Why would they?
A free pass to what?
Monopoly??? Do you think crude oil prices are set by the oil companies?