Go to Jeff Salisbury LWGate Home Page.From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] "M"
Date: Wed, 25 Sep 2002 02:04:33 -0700
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Top of Thread: Re: [CANSLIM] "M" "Tom Worley"
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when they were thinking of selling Hershey I watched a special on Mr. Her=
shey's life. One of his employees came to him and told him that a new ma=
chine had been invented and if they started using it , it would replace =
40 men-Mr. Hershey told him to get rid of the machine and hire the 40 men=
. The Hersheys trust pays for underprivileged children to go to a school =
that he built. I bet the day he died, the last thing on his mind was not=
how he raised earnings a nickle a share by letting 40 families go hungry=
. That was not his greatest accomplishment. I would work all my life fo=
r a man like him. I would clean his house-and pick up his dogs poop and =
feel lucky to do it, just to be able to stand in the shadow of a man like=
that. I guess my point for anyone who bothered to read this is that - I=
agree with Tom. Loyalty and respect cant be put on a piece of paper by =
an accountant. Even if that is what they teach you in business school now=
a days.
=20
- ----- Original Message -----
From: Tom Worley
Sent: Tuesday, September 24, 2002 6:10 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] "M"
=20
jans, I disagree, I see this as reasonable, and likely to build strong
employee loyalty, rather than losing a trained and experienced employee w=
ho
has to be replaced by a new one. I wish I could have taken off work for t=
he
last three weeks of my wife's life, rather than only able to visit her in
the hospital early morning and late at night, to accommodate the demands =
of
my job.
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, September 24, 2002 8:38 PM
Subject: Re: [CANSLIM] "M"
Kent et al:
This is perhaps off Canslim topic, but this idiotic bill (IBD editor=
ial
below) most likely will affect the California economy deleteriously,
especially the businesses with "N" in Canslim, but not a lot of free
cash-flow.
Davis should be charged for criminally choking off new businesses (n=
ot
to mention established small businesses). This piece is from 9/24/02 IBD
Issues and Insights, and the political climate it signifies is one more
reason in my opinion not to move on out to California.
jans
Issues & Insights, Wednesday, September 25, 2002, California Chill,
INVESTOR'S BUSINESS DAILY
Family Leave: The Golden State has created a new entitlement, and bi=
g
labor wants other states to follow. The smart ones will take California's
jobs instead.
Gov. Gray Davis this week signed the nation's first law providing workers
with paid family leave. For the unions, it's time to pop the champagne. F=
or
employers, it's another reason to leave the state.
Nearly all private-sector workers in the state now have the right to leav=
e
for up to six weeks, drawing 55% of their pay, to care for ill parents,
children or domestic partners, or spend bonding time with a newly adopted
child. This benefit is to be funded from workers' paychecks through an ad=
ded
payroll deduction expected to start at $26 a year on average and ranging =
up
to $70 for workers earning more than $72,000 a year.
There are ways to deal with family needs short of mandating a new social
insurance scheme backed by a tax increase. A more business-friendly state
might have opted for some mix of tax credits and voluntary action.
California's approach is to give workers what they want and hope employer=
s
don't decamp to more hospitable states.
What really should worry California employers - and, ultimately, workers =
who
depend on jobs in the state - is the inevitable pressure to pump the prog=
ram
into something far bigger and more costly. If it's popular, workers will
want
more of it and lawmakers will find a way to make employers pay.
The initial California bill called for 12 weeks of paid leave, with
employers
shouldering part of the cost. Business lobbyists pared the leave time and
got
employers off the hook, for now, but they were helped by political
conditions
that may not repeat themselves.
Davis, a Democrat in a surprisingly tight race with political novice Bill
Simon, doesn't want to scare business donors. So the stars were aligned f=
or
some moderation. But if Davis is re-elected, he won't have much reason to
hold back the liberal state legislature.
For organized labor, the California law is just a start. The AFL-CIO and
other unions are pushing for similar laws in nearly 30 states and they wa=
nt
employers to foot the bills. Smart states, of course, will pass on those
laws
and take California's jobs instead.
And don't think California's business-climate change has gone unnoticed. =
In
a
survey of executives released this week by the marketing firm Development
Counsellors International, 57% of them ranked California the worst place =
in
the country to do business. In 1999, only 25% of them felt this way.
Davis and the legislature have already dimmed the state's once-sunny
reputation. Their paid-leave law will just add to the chill.
In a message dated 9/24/2002 6:06:46 PM Eastern Daylight Time,
kent_norman@yahoo.com writes:
<< If low interest rates alone could save the day, they would have
already. I doubt a business manager would delay a project for a
fraction of a point interest.
I think they are really too scared to commit to new projects due to low
visibility and distracted by having to double check the financial
statements.
Regards
Kent
- --- Spencer48@aol.com wrote:
> Kent:
>
> This (shell-shocked investors) is the main reason that IBD
> states, in
> IBD's editorial today, that the Fed should cut interest rates. To
> put it in
> James Carville speak, 'it's no longer the economy stupid, but rather:
> "It's
> the psychology, stupid."
>
> To paraphrase the editorial, IBD says that the even though the
> economy
> is coming around (albeit feebly), it is the psychological pounding
> that
> individual investors have taken since 2000 that will prompt investors
> to
> start investing again once interest rates are cut-and which will also
> boost
> more IPO's, venture capitalizations and start-up businesses.
>
> Personally, I think this is too much to ask, and think that
> business and
> personal tax cuts are more likely to lead to a rejuvenation of both
> the
> economy and the stock market.
>
> jans >>
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
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<HTML><BODY STYLE=3D"font:10pt verdana; border:none;"><DIV>when they were=
thinking of selling Hershey I watched a special on Mr. Hershey's life.&n=
bsp; One of his employees came to him and told him that a new machine had=
been invented and if they started using it , it would replace=
40 men-Mr. Hershey told him to get rid of the machine and hire the 40 me=
n. The Hersheys trust pays for underprivileged children to go to a school=
that he built. I bet the day he died, the last thing on his mind w=
as not how he raised earnings a nickle a share by letting 40 families go =
hungry. That was not his greatest accomplishment. I would wor=
k all my life for a man like him. I would clean his house-and pick =
up his dogs poop and feel lucky to do it, just to be able to stand in the=
shadow of a man like that. I guess my point for anyone who bothere=
d to read this is that - I agree with Tom. Loyalty and respect cant=
be put on a piece of paper by an accountant. Even if that is what they t=
each you in business school now a days.</DIV> <DIV> </DIV> <BLOCKQUO=
TE style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORD=
ER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt =
Arial">----- Original Message -----</DIV> <DIV style=3D"BACKGROUND: #e4e4=
e4; FONT: 10pt Arial; COLOR: black"><B>From:</B> Tom Worley</DIV> <DIV st=
yle=3D"FONT: 10pt Arial"><B>Sent:</B> Tuesday, September 24, 2002 6:10 PM=
</DIV> <DIV style=3D"FONT: 10pt Arial"><B>To:</B> canslim@lists.xmission.=
com</DIV> <DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> Re: [CANSLIM] "=
M"</DIV> <DIV> </DIV>jans, I disagree, I see this as reasonable, and=
likely to build strong<BR>employee loyalty, rather than losing a trained=
and experienced employee who<BR>has to be replaced by a new one. I wish =
I could have taken off work for the<BR>last three weeks of my wife's life=
, rather than only able to visit her in<BR>the hospital early morning and=
late at night, to accommodate the demands of<BR>my job.<BR><BR>----- Ori=
ginal Message -----<BR>From: <Spencer48@aol.com><BR>To: <canslim=
@lists.xmission.com><BR>Sent: Tuesday, September 24, 2002 8:38 PM<BR>S=
ubject: Re: [CANSLIM] "M"<BR><BR><BR>Kent et al:<BR><BR>  =
; This is perhaps off Canslim topic, but this idiotic bill (IBD edi=
torial<BR>below) most likely will affect the California economy deleterio=
usly,<BR>especially the businesses with "N" in Canslim, but not a lot of =
free<BR>cash-flow.<BR><BR> Davis should be charge=
d for criminally choking off new businesses (not<BR>to mention establishe=
d small businesses). This piece is from 9/24/02 IBD<BR>Issues and Insight=
s, and the political climate it signifies is one more<BR>reason in my opi=
nion not to move on out to California.<BR>jans<BR><BR><BR><BR>Issues &=
; Insights, Wednesday, September 25, 2002, California Chill,<BR>INVESTOR'=
S BUSINESS DAILY<BR><BR> Family Leave: The Golden=
State has created a new entitlement, and big<BR>labor wants other states=
to follow. The smart ones will take California's<BR>jobs instead.<BR><BR=
>Gov. Gray Davis this week signed the nation's first law providing worker=
s<BR>with paid family leave. For the unions, it's time to pop the champag=
ne. For<BR>employers, it's another reason to leave the state.<BR><BR>Near=
ly all private-sector workers in the state now have the right to leave<BR=
>for up to six weeks, drawing 55% of their pay, to care for ill parents,<=
BR>children or domestic partners, or spend bonding time with a newly adop=
ted<BR>child. This benefit is to be funded from workers' paychecks throug=
h an added<BR>payroll deduction expected to start at $26 a year on averag=
e and ranging up<BR>to $70 for workers earning more than $72,000 a year.<=
BR><BR>There are ways to deal with family needs short of mandating a new =
social<BR>insurance scheme backed by a tax increase. A more business-frie=
ndly state<BR>might have opted for some mix of tax credits and voluntary =
action.<BR>California's approach is to give workers what they want and ho=
pe employers<BR>don't decamp to more hospitable states.<BR><BR>What reall=
y should worry California employers - and, ultimately, workers who<BR>dep=
end on jobs in the state - is the inevitable pressure to pump the program=
<BR>into something far bigger and more costly. If it's popular, workers w=
ill<BR>want<BR>more of it and lawmakers will find a way to make employers=
pay.<BR><BR>The initial California bill called for 12 weeks of paid leav=
e, with<BR>employers<BR>shouldering part of the cost. Business lobbyists =
pared the leave time and<BR>got<BR>employers off the hook, for now, but t=
hey were helped by political<BR>conditions<BR>that may not repeat themsel=
ves.<BR><BR>Davis, a Democrat in a surprisingly tight race with political=
novice Bill<BR>Simon, doesn't want to scare business donors. So the star=
s were aligned for<BR>some moderation. But if Davis is re-elected, he won=
't have much reason to<BR>hold back the liberal state legislature.<BR><BR=
>For organized labor, the California law is just a start. The AFL-CIO and=
<BR>other unions are pushing for similar laws in nearly 30 states and the=
y want<BR>employers to foot the bills. Smart states, of course, will pass=
on those<BR>laws<BR>and take California's jobs instead.<BR><BR>And don't=
think California's business-climate change has gone unnoticed. In<BR>a<B=
R>survey of executives released this week by the marketing firm Developme=
nt<BR>Counsellors International, 57% of them ranked California the worst =
place in<BR>the country to do business. In 1999, only 25% of them felt th=
is way.<BR><BR>Davis and the legislature have already dimmed the state's =
once-sunny<BR>reputation. Their paid-leave law will just add to the chill=
.<BR><BR><BR><BR><BR>In a message dated 9/24/2002 6:06:46 PM Eastern Dayl=
ight Time,<BR>kent_norman@yahoo.com writes:<BR><BR><< If low intere=
st rates alone could save the day, they would have<BR>already. I doubt a =
business manager would delay a project for a<BR>fraction of a point inter=
est.<BR><BR>I think they are really too scared to commit to new projects =
due to low<BR>visibility and distracted by having to double check the fin=
ancial<BR>statements.<BR><BR>Regards<BR>Kent<BR><BR>--- Spencer48@aol.com=
wrote:<BR>> Kent:<BR>><BR>> This =
(shell-shocked investors) is the main reason that IBD<BR>> states, in<=
BR>> IBD's editorial today, that the Fed should cut interest rates.&nb=
sp; To<BR>> put it in<BR>> James Carville speak, 'it's no longer th=
e economy stupid, but rather:<BR>> "It's<BR>> the psychology,=
stupid."<BR>><BR>> To paraphrase the=
editorial, IBD says that the even though the<BR>> economy<BR>> is =
coming around (albeit feebly), it is the psychological pounding<BR>> t=
hat<BR>> individual investors have taken since 2000 that will prompt i=
nvestors<BR>> to<BR>> start investing again once interest rates are=
cut-and which will also<BR>> boost<BR>> more IPO's, venture capita=
lizations and start-up businesses.<BR>><BR>>  =
; Personally, I think this is too much to ask, and think that<BR>&g=
t; business and<BR>> personal tax cuts are more likely to lead to a re=
juvenation of both<BR>> the<BR>> economy and the stock market.<BR>&=
gt;<BR>> jans >><BR><BR>-<BR>-To subscribe/unsubscribe, email "m=
ajordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" o=
r<BR>-"unsubscribe canslim". Do not use quotes in your email.<BR><B=
R><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<=
BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe cans=
lim". Do not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTM=
L>
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- -In the email body, write "subscribe canslim" or
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Top of Thread: Re: [CANSLIM] "M" "Tom Worley"
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