deadlines amuse me

exploring how the world works and why it works that way …

Archive for September 22nd, 2007

Sen. Clinton and her Mighty Job Creation Machine … sort of

leave a comment »

Advice for Sen. Hillary Clinton: Don’t make promises you can’t (won’t? forgot to?) keep.

Sen. Clinton, who now doubles as a presidential candidate, showed up four years ago in Buffalo, N.Y., in my back yard bringing with her a company that promised it might create up to 100 news jobs.

New York state has “lost 26,344 manufacturing jobs and 810 manufacturers since August of last year.” Western New York has been hit particularly hard, losing 3,000 manufacturing jobs — the good-paying kind — in the past year.

So anyone who promises to create jobs in and around Buffalo is literally promising to throw life preservers to men and women drowning in a job-loss nightmare.

So as a candidate for re-election to the Senate and in midst-dance about whether she’d run for president, Sen. Clinton brought to town Tata Consultancy Services and its promises of job creation.

A reporter for the Buffalo News called the local office of Tata recently and just asked, so, how my workers you got? “Ten.” Yep. Just 10. (Here’s a tip to politicians. Don’t give precise numbers. They can be checked.) And the PR hit gets worse …
Read the rest of this entry »

Advertisements

Written by Dr. Denny Wilkins

September 22, 2007 at 4:22 pm

Posted in Uncategorized

Obama tsks-tsks Wall Street about guile and greed

with 2 comments

Presidential candidate and senator Barack Obama said something earlier this week worth noting — and the audience he said it to as well.

Sen. Obama stood before a sea of Wall Street executives at Nasdaq headquarters and told them to behave:

Our free market was never meant to be a free license to take whatever you can get, however you can get it. And so from time to time, we have put in place certain rules of the road to make competition fair and open and honest.

According to The New York Times, he “described this summer’s subprime lending crisis as a case study of greed among mortgage lenders and the agencies that provide information about them.” He argued for protections of the middle class and additional oversight of those agencies that rate credit.

If more Americans were armed with this kind of information before they purchased risky mortgage loans, the current crisis might not have happened.

Read the rest of this entry »

Written by Dr. Denny Wilkins

September 22, 2007 at 2:58 pm

Posted in Uncategorized

Life’s tough: A billion dollars gets no respect

leave a comment »

If I had a net worth of one billion dollars today, I’d be depressed. What’s the use of having all that moolah if I can’t lord it over mere mortals by adding fame to that forturne?

But I only have one billion dollars. And folks, that’s no longer enough to get me on the Forbes 400 list of the richest Americans.

This year it took $1.3 billion, up $300 million from last year. For cryin’ out loud, Yankees owner George Steinbrenner III — one of 21 tied for 380th, last on the list — beat me out. What’s a money-grubbin’ capitalist like me gots to do to make that damn list?
Read the rest of this entry »

Written by Dr. Denny Wilkins

September 22, 2007 at 2:01 pm

Posted in Uncategorized