Strike at Deere plants in the US, more supply chain shortage to come

[Pixguy]

Nobody ever said stock shareholders were guaranteed to made whole, but they never got wiped out.

Maybe your confusing the difference between debt and equity shareholders. Debt shareholders get wiped out when a company goes bankrupt, unless they hold convertible bonds. Equity shareholders may lose a lot of value in a reorganize bankruptcy, ala GM, but they never lost total value.

Equity or debt shareholders take a risk when buying any company. In the case of GM, the risk was transferred to the US tax payer to keep GM solvent. So in effect, in keeping them solvent, GM shareholders were bailed out by the taxpayers.

I'm not disagreeing that buying stocks aren't a gamble, you stated that shareholders were made whole and they weren't.

GM stockholders 'wiped out'

 

[oldballs]

You are right Pixguy................The stockholders lost out totally. IIRC.....a past arrogant CEO of GM stated that.."what's good for GM is good for America".

 

[Snobdds]

you stated that shareholders were made whole and they weren't.

GM stockholders 'wiped out'

huh?

 

[Pixguy]

huh?

Sorry, my mistake, You stated that the shareholders were bailed out by the taxpayers to which I still disagree.

I'm fine with agreeing to disagree.

 

[IndyJay]

I'm not disagreeing that buying stocks aren't a gamble, you stated that shareholders were made whole and they weren't.

GM stockholders 'wiped out'

And herein lies the problem...

"But GM’s is not a typical bankruptcy case, Berkley noted, adding that 100 years of U.S. bankruptcy rules are being rewritten for the automaker."

 

[bigtiller]

Up to $693 a week in Illinoise for up to 39 weeks. Don't know about any supplement from the cpusa/uaw.

That sounds more like unemployment insurance pay, not strike fund pay.

 

[ultrarunner]

And why AREN'T we talking about WHY the healthcare costs are so high? Instead we're trying to be thankful that they're high and that our overlords are "helping" pay the bills? (of course, they've got their hands in the everyone's pockets via helping jack up prices, but we ought not look at that)

DISCLAIMER: I don't work FOR or AGAINST the healthcare "industry," nor do I have a heavy draw on the system (being very healthy). I'm just amazed at how anyone can defend the crappy system.

The disconnect from direct pay is a huge reason for escalating costs in healthcare plus rules and regs that add to overhead.

Before insurance it is not like people did not have healthcare and much was provided by faith based organizations that have all but been driven from my state by government mandates on abortion and gender reassignment.

Our now retired Chief of Staff would see the wasted meds each month and say when he was a doctor in the AirForce the identical meds came with no expiration dates or greatly extended... how can this be when the only difference is the purchaser?

Everything civilian has an outdate... even bandages and the waste is astounding.

Some meds only sold in lots so you buy 6 only to waste 5 and sharing is just about impossible due to pharmacy regs.

Covid protocols greatly impacted overhead and increase the waste stream...

Then med professionals often pay huge malpractice premiums and so it goes.

City, County, State, Region, Feds all have a hand in the pie...

I have to pay an annual fee for the volume of Oxygen on hand and for gallons of Diesel for the emergency generator and so on...

On the other hand asked someone about their hospital stay and some almost brag saying my stay cost 100,000 and it was all covered...

We also test and do diagnostic procedures at ever increasing rates...

 

[ultrarunner]

...wait until interest rates go negative.....

If interest rates go negative my mattress will become lumpy.

I've already moved mostly out of traditional banking to credit union...

Sure the credit union only pays a half percent right now but a half percent is 20 times more than the bank!

The banker said it can't offer better.

Strange thing is about a week later I had several messages from the bank wanting to set up a meeting with the in house investment advisor...

If the UAW holds the belief Deere will cave and it turns out not to be the case what is the downside for the paid Union Leadership?

 

[Torvy]

A lot of the excess testing issue and expiration date nonsense also stems from trial lawyers. Sometime, despite the wonders of modern science, people die. Some lawyers use the families to prey upon the people who at least tried to save them. Not saying medical people never screw up, but lawyers have been successful when getting another 'doctor' to indicate another test that could have been run or supplies that were too old. Anything to make someone 'pay' for their loss. Then the lawyers take the lion's share and we all pay with higher premiums and higher prices. Rinse and repeat.

 

[Jstpssng]

Paying excessive salaries/compensation in a Privately Held Company is just that..... Private. People can divest themselves of that stock whenever they want. Corporataions exist for that purpose alone.

Paying goobermint employees excessively is thievery. goobermint has no competition

I always marvel at this type of logic. If you want to treat government employees like dubs... expect your hiring pool to be full of dubs.