Wednesday, November 9, 2011
First and foremost, thank you voters. Thank you for your support, thank you for your for your compassion, thank you for standing up to a political machine that would have Ohio's public employees be the fall guys for bumbling political policies, and the misguided belief that public servants are easy scapegoats.
As you know, Ohio has 88 counties. This morning we can see the landslide results of Issue 2. Only six out of eighty-eight counties supported Issue 2!!! That means 6.8% of Ohio supported the bill... or should we say that 93.2% were against it!!!
Hopefully, we can have a dialogue now about the best way that we (as public unions) can address some of the issues which made us politically vulnerable in the first place. A union is only as strong as its weakest link. WE need the ability to provide the best services available, and continue to serve the public. Finally, we will need to work with state and local government to develop fair and reasonable funding options which are not regressive to Ohio's business climate.
For many public servants, this has been a long road. Your efforts were phenomenal! Never before in Ohio history have unions banded together to defeat a measure that personally attacked membership, and our service to other Ohioans.
Ballots not Bullets... Instead of fighting war with weapons, our election process is a war of ideas and words. Every Election Day is a war that is settled on the most elementary principles of a democracy. The power to petition the government, and redress grievances is the most basic part of our democracy. Thank you for your support!!! In Ohio, it is evident that the power belongs to the people!!! Thank You!!!
Posted by at 1:17 AM
Sunday, November 6, 2011
As disturbing as it sounds... this link says it all!!!
NO ON ISSUE 2
Listen to John Glenn
Listen to John Glenn
Posted by at 5:05 PM
Wednesday, November 2, 2011
|Katzinger's Deli||Columbus, Ohio|
|Nexus Communications||Columbus, Ohio|
|Patrick Solutions||Columbus, Ohio|
|Star Arts Gallery||Columbus, Ohio|
|Market 65||Columbus, Ohio|
|Cup O'Joe||Columbus, Ohio|
|Cap City Direct||Columbus, Ohio|
|Canton Hotel & Restaurant Supply||Canton, Ohio|
|JP's Bar-B-Que||Columbus, Ohio|
|Planning Rehabilitation in Americas Communities||Cleveland, Ohio|
|Mr. Wonderfuls||Cleveland, Ohio|
|Madison Development Consulting||Cleveland, Ohio|
|McTech Construction||Cleveland, Ohio|
|Boost Mobile||Cleveland, Ohio|
|Union Eye Care||Cleveland, Ohio|
|Lutz Flowers||Cleveland, Ohio|
|Lanz Printing||Columbus, Ohio|
|Thompson Electric||Munroe Falls, Ohio|
|American Income Life||Cleveland, Ohio|
|Little Generations Daycare||Toledo, Ohio|
|Lutz Flowers||Cincinnati, Ohio|
|Keystone Press, Inc.||Toledo, Ohio|
|Roberts Auto Restoration||Toldeo, Ohio|
|Jacks Automotive||Oregon, Ohio|
|Santa Claus of Newton Falls||Newton Falls, Ohio|
|Dayton Printery||Dayton, Ohio|
|Sway's Trophy House||Marion, Ohio|
|Wayside Flower Shoppe||New Albany, Ohio|
|Mailbox and Services||Columbus, Ohio|
|One Stop Shop Liquor Agency||Austintown, Ohio|
|Ross Eatery & Pub||Lordstown, Ohio|
|U Drive Business Solutions||Mason, Ohio|
|Milleson Insurance Agency||Freeport, Ohio|
|Travonna Coffee House||Columbus, Ohio|
|Omega Music||Dayton, Ohio|
|PJ McIntyre's Irish Pub||Cleveland, Ohio|
|Susan's Key West Condo||Athens, Ohio|
|Tiki Bowling Lanes||Lancaster, Ohio|
|Grounds for Thought||Bowling Green, Ohio|
|Hang Tan||Columbia Station, Ohio|
|Big Heads Barber Shop & Beauty Salon||Columbus, Ohio|
|A Cut Above The Rest||Columbus, Ohio|
|Man In The Mirror Barber Shop||Columbus, Ohio|
|Flanagan's Pub||Dayton, Ohio|
|Jewitt's IGA||Mt. Sterling, Ohio|
|BAsically British||Dayton, Ohio|
|Trolley Stop||Dayton, Ohio|
|All Cards and Comics||Warren, Ohio|
|Our Family Restaurant||Youngstown, Ohio|
|Nationwide Insurance||Columbia Freeport, Ohio|
|CPR & FIrst Aid Training of Ohio||Niles, Ohio|
|Berea Barber Shop||Berea, Ohio|
|Creations By Lynn Florists of Berea||Berea, Ohio|
|Family Hobby, Inc.||Medina, Ohio|
|Mac's Backs Books - Three Floors Books||Cleveland Heights, Ohio|
|Erie Design||Columbia Lakewood, Ohio|
|Clementine's Victorian Restaurant||Olmsted, Ohio|
|Subdial Tanning Salon||Strongsville, Ohio|
|Wildlife Gardens||Solon, Ohio|
|Gaelic Imports||Parma, Ohio|
|On Top of The Hill||Cleveland, Ohio|
|Ohio City Burrito||Ohio City, Ohio|
|Yorktown Shoe Repair||Parma Heights, Ohio|
|Heidi's Alterations||Rocky River, Ohio|
|Copy Plus||Avon Lake, Ohio|
|Bullseye Firearms, LLC||Grafton, Ohio|
|Kent Natural Foods||Kent, Ohio|
|Build A Phone (Bling it on)||Columbia Canton, Ohio|
|ZTech Auto Care||Canton, Ohio|
|Blacklist Books||East Massillon, Ohio|
|Art Bombs Tattoos||Massillon, Ohio|
|Tiger Town Barber Shop||Massillon, Ohio|
|Orange Blossom Press||Cleveland, Ohio|
|Kondik Advertising and Printing||Bedford Heights, Ohio|
|EZ Screen and Printing||Cincinnati, Ohio|
|Clear Images||Toledo, Ohio|
|Sizemore Trucking||Holgate, Ohio|
|Studios South||Napoleon, Ohio|
|Apolstolic Christian Center / Kids Haven||Napoleon, Ohio|
|TAS, Inc.||Toledo, Ohio|
|Rettig Trucking||Napoleon, Ohio|
|Hunter Construction||Ottawa, Ohio|
|ZTech / Charlie's Car Care, Inc.||Defiance, Ohio|
|N&R&G Recycling, Inc.||Napoleon, Ohio|
|Double Dog Day Care||Stow, Ohio|
|Heaven Scent Flowerrs||New Cornerstone, Ohio|
|Pro-Lawn Mowing Services||Springsboro, Ohio|
|Vicars Heating and Air Conditioning||Liberty Center, Ohio|
|Ripke Trucker's Paradise||Lewis Center, Ohio|
|Irish Acres Lawn and Landscaping||Bowling Green, Ohio|
|Old House Dinstinctive Gifts & Collectibles||Waterville, Ohio|
|Mosaic Cleaning||Columbus, Ohio|
|Swan Creek Bridal||Waterville, Ohio|
|Madison Graphic's||Lakewood, Ohio|
|Leatherman Masonry, LLC||Liberty Center, Ohio|
|Wild Horse Radio||Greenville, Ohio|
|Kustom Trim Tree Service, LLC||Akron, Ohio|
|Waters of Life Church||Columbus, Ohio|
|Paul Thomas Studios||Geneva, Ohio|
|Diversified Realty Services||Canton, Ohio|
|CUAD Studios, LLC||Columbus, Ohio|
|HH & M, LLC||Pickerington, Ohio|
|Cosmos Industirals Services, Inc.||Cleveland, Ohio|
|S J D Construction Co.||Hinckley, Ohio|
Posted by at 3:13 PM
Sunday, October 23, 2011
The Ohio Round Table, an ultra-conservative group has filed suit against Governor Kasich for his back-room dealing with racetracks, and their ability to place slot machines inside. The casino referendum last year only allowed slot machines inside casinos. The racetrack industry wants the one-armed bandit too; but the Ohio Constitution forbids it. Unfortunately, it appears the rule of law, and the Ohio Constitution will not stop Kasich from bullying the general public, and looking out for his special interests. In the story, the Ohio Round Table referred to Kasich as an ANARCHIST who does not follow the rule of law. Of course, this flies in the face of our democratic ideals as well. (Click here for the Audio)
Then there is the Issue 2 debate that has become the center stage of his administration. And a NO VOTE (Which I strongly encourage) really becomes the No Vote on his entire administration. While Ohioans are in the most general terms, a very common sense group, most will agree that Kasich has handled himself in-appropriately in the SB5 debate. His statements and half-truths about the 300 page bill has illuminated his true character. The latest PP Poll shows that Kasich would lose to former Governor Ted Strickland by a 54-40% Margin... (Click Here for Link)
Finally, given the opportunity to close existing tax loopholes, search for creative ways to address the budget, and even negotiate with unions (who have already made tremendous concessions via collective bargaining), Kasich has done permanent damage to the GOP in Ohio. There were a few brave GOP members who stood against the renegade tactics of a governor gone wild. But most statewide Republicans will pay dearly in the next election cycle. Not only did Kasich ostracize a very important and traditionally supportive voting block, he ran over them with the bus. There were a lot of people who thought they were Republicans, only to have the governor and GOP turn on them. What can you expect out of a guy who refers to a police officer as an idiot?
At the end of the day, Ohioans will evaluate the governor and his antics. The people will decide if they are "with" him and on the bus... or whether they are against him and getting run over by the bus. Regardless of the vote, John Kasich could well be his own worst enemy.
Posted by at 7:33 PM
Sunday, October 2, 2011
MYTH: SB 5 is needed to help balance the budget and stimulate job growth.
TRUTH: SB 5 destroys jobs and lowers wages. You cannot create jobs by destroying jobs. If SB 5 passes, owners of shops, gas stations and other small businesses across this state will be forced to lay off workers or close their doors.
MYTH: Public employees are overpaid, and their salaries need to be brought in line with the private sector. TRUTH: A recent Rutgers University study found Ohio public employees earn 6 percent less on a yearly basis than their peers in the private sector. They earn 3.5% less on an hourly basis. The average OAPSE (Ohio Association of Public School Employee) makes $24,000 a year and retires with an average pension of $900 a month. Public employees do not pay into or receive Social Security.
MYTH: Public employees need to make a sacrifice to reduce the state's projected $8 billion budget shortfall.
TRUTH: Ohio is 44th of 50 states in per capita spending on government workers. State employees have taken a pay freeze five times in 9 years. In the last contract, state employees voluntarily took furloughs and made other financial sacrifices that saved $250 million and an additional $100 million in health care costs. MYTH: Public employees have too much power and the public agrees.
TRUTH: A recent Gallup poll found the 61% of the public oppose taking away some collective bargaining rights of most public employee unions. A recent Quinnipiac Poll found that only 34 percent of the people in Ohio support this proposal.
MYTH: Rolling back collective bargaining rights is needed to help managers do their jobs.
TRUTH: Ohio passed a law in 1983 to establish collective bargaining for state workers. The 1983 law has reduced labor strife, and increased professional training and productivity.
MYTH: SB 5 is nothing more than a reasonable set of reforms needed to bring public employee salaries and benefits more in line with their private sector counterparts.
TRUTH: There is nothing reasonable about SB 5. It takes away the rights and voices of hardworking Ohioans who serve our state and local communities. It unfairly shifts the balance and all the power to management.
MYTH: SB 5 just asks public employees to pay their fair share for healthcare benefits and pension costs. TRUTH: SB 5 fundamentally changes collective bargaining and is a flawed bill with unintended consequences. All state employees already pay 15% of their healthcare and 10% of their pension costs. Many workers in local communities also pay at least these levels or more. School employees in Grove City pay 35% of their healthcare costs.
MYTH: SB 5 will save jobs.
TRUTH: SB 5 will not create one job. Between the devastating state budget cuts to local communities and SB 5, the state could lose 51,000 jobs. The truth is, due to more than one billion dollars in state budget cuts, local communities will be forced to fire and layoff vital safety services like police officers and firefighters. MYTH: All of Ohio’s business community supports SB 5.
TRUTH: More than 700 businesses in Ohio are part of the Proud Ohio Workers program which shows support for public and private sector workers who shop in their businesses. Local
MYTH: Unions never came to the table to discuss their concerns with SB 5 during the legislative debate and when given the chance to compromise they refused.
TRUTH: Thousands of people were locked out of the Ohio Statehouse during the legislative debate and were unable to testify or let their voices be heard. We Are Ohio stood firmly with the 1.3 million Ohioans who signed petitions to repeal SB 5 and told legislative leaders they should come back to Columbus and repeal the whole bill.
Posted by at 11:45 AM
Sunday, September 4, 2011
Tea and Cookies aren't for everyone!!!
"Pretend you are sitting down at a table with a CEO, Tea Party Member, and Union Employee. There are 15 cookies to be split among the three of them. The CEO takes 14 cookies and stuffs them in his pocket. The CEO then tells the Tea Party Member that the Union Employee is try to steal his cookie."
The analogy makes pretty good sense. After all, tax structures are made to benefit the well-to-do, and the corporations. And I do believe that those who run companies, create wealth, and employee fellow Americans should have a favorable tax environment. The question is how much is enough?
Likewise, we can appreciate any politician who is careful with public monies. The goal is not to squander or be a careless steward with tax money. For instance the is trying to figure out what happened to $30 billion dollars in unaccounted funds between Iraq and Afghanistan. Or you could be a hypocrite like GOP Senator Neihaus champions cuts to the public sector, then gives his office staffers a retroactive pay-raise. Even some of the most ardent Rush Limbaugh supporters think this Ohio Senator has lost his mind.
So on Labor Day rest, but do not rest too comfortably. There is a collective effort to undermine the public workers of this great state. And if this succeeds, who will be next?
Opened a position in PQ when a limit order was filled two weeks ago @ $6.10.
Looked at GLD Options which are completely OUT of SIGHT!!! Maybe will add a limit order and hope for a sell-off. Methinks Europe's debt, and soverign debt issues will not be solved anytime soon!!!
Formed an LLC which will handle both speculative and non-speculative business ventures. Will write more on this subject next blog.
Saturday, August 20, 2011
Doom and gloom has rarely served anyone well. But reality is a tough pill to swallow at times. Revisiting a time when the stock market's "floor" was put in somewhere in 2008, I never really bought it. After all, while the pundits blew the "All clear call" from the beach most of us understood that the waters were still shark infested.
Unlike the Great Depression, credit is readily available in this economy. That is the biggest lesson that was learned from the Great Depression... our economy runs on credit. Unfortunately, this time around we too will realize that our economy runs on employment. And the persistence of long-term unemployment will not only cause a continual ripple effect through the economy, but also destroy one of the things the entire world economic system has taken for granted; the U.S. consumer's disposable income.
Splinter groups like the Tea Party call for less government, less taxes, less regulation, and an end to all entitlements, most agree that the Republican's meant everybody else's pork not their own. But the Tea Party would suggest they meant EVERYBODY's pork. Democrats are slowly realizing that this means structural changes to entitlements that both parties have long favored namely Medicare and Social Security. It is my belief that the Tea Party will eventually become a third party, as neither Democrats or Republicans have the wearwithall to stomach some of the proposed cuts.
D held since 2006
20% Gain (Plus approximately 2.00 per share dividend)
Janzen's Short Play LULU
-20% Loss (From recommended peak)
Purchased July 2007
Posted by at 4:27 PM
Monday, August 15, 2011
(Reuters) - Billionaire Warren Buffett urged lawmakers to raise taxes on the country's super-rich to help cut the budget deficit, saying such a move will not hurt investments.
"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," The 80-year-old "Oracle of Omaha" wrote in an opinion article in The New York Times.
Buffett, one of the world's richest men and chairman of conglomerate Berkshire Hathaway Inc , said his federal tax bill last year was $6,938,744.
"That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income - and that's actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent," he said.
Lawmakers engaged in a partisan battle over spending and taxes for more than three months before agreeing on August 2 to raise the $14.3 trillion U.S. debt ceiling, avoiding a U.S. default.
"Americans are rapidly losing faith in the ability of Congress to deal with our country's fiscal problems. Only action that is immediate, real and very substantial will prevent that doubt from morphing into hopelessness," Buffett said.
Buffett said higher taxes for the rich will not discourage investment.
"I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain," he said
"People invest to make money, and potential taxes have never scared them off."
(Reporting by Santosh Nadgir; Editing by David Holmes)
Posted by at 4:34 AM
Thursday, August 11, 2011
At U.S. Megatrends, we have never completely bought into the illusion that the U.S. or world economies were completely on solid footing. Quite contrary, we have speculated before that government intervention has in many regards only temporarily averted market meltdowns, and more importantly contagion. In 2008 and 2009 several of us including the Axman and myself had placed short positions as a hedge on a market that we both understood to be fundamentally flawed.
Personally, I am thankful that the government has tools in the toolbox of the Department of Treasury and Federal Reserve to address these issues. The good of our country, and the economic recovery that had ensued to this point has had less to do with market fundamentals and more to do with intervention. And many of us understood the intervention to be a temporary fix, not a true solution to the problem. ITulip's Eric Janszen explained (paraphrased) That attempting to re-inflate the F.I.R.E. Economy (Finance, Insurance, and Real Estate) would only prolong the pain by treating the symptoms, not addressing the cause of our true economic problems.
Now what once appeared to be a small crack in the world economy has now become a deeper rift not only played out in financial markets, but also in the streets of places like Athens, Tel Aviv, Damascus, Tripoli and of all places London. London should be a city of particular interest as what was once a spark over a police shooting (Click Here) , has erupted into a maelstrom of looting a pillaging. A darker shadow has reared its head, one that has revolutionary overtones. Not one particular ethnic group or social class is to blame for the riots, but a generation of youths who have a bleak outlook on their future. (Click Here) This is by no means defense of the youths, but more it clearly identifies a group with at explanation behind their behavior.
I do not believe the riots will continue in London. But there is a reasonable chance that the conditions are right throughout the world for riots in other locations. Every country has populations like this. In difficult economic times their presence is more pronounced.
We realize that globalization will take a few steps backward during this next decade... and it will take at least a decade to straighten this mess out... And whatever emerges as the economic and political order, we must understand that it will be new and different from the old one. For now financial markets will continue to reel under the weights of fear and more importantly a deeper mistrust of financial institutions and sovereign debt.
In the United States, we have seen a group of anti-tax free market capitalists known as the Tea Party who are willing to shut down the government in order to save it. And whether the Tea Party is right or wrong in their actions, they have clearly helped move the political football down the field. The Republican Party to a degree has been radicalized by this movement. And the movement tends to be based on economics as well as a table-turning political as well as social agenda. Many Americans thought they were Tea Party members until they learned that the Tea Party was going to cut their favorite government programs as well.
Investments will center around a few simple themes. I do not believe the stock market is broken. I do believe it will not continue to be business as usual. A more aggressive effort must be made to win back the confidence of the people. The term bankster was a term given to bankers during the 1930s. And it will be more difficult to erase the image this time around.
Long Positions in Silver and Gold (both physical and silver).
Long Positions in stocks that pay dividends (particularly those with stable balance sheets).
Sector Specific Plays (As some sectors do see tangible growth in spite of economic conditions).
Shorts Specific Plays (Stocks that rely on discretionary spending and middle class income).
A renewed belief that the best money invested is a product or service that you have direct control of. Just throwing money into the wind, and hoping that it grows does not work long-term on Wall Street. Rely more in your own abilities to develop a cash flow system, and less on the good will of Wall Street.
Posted by at 2:54 AM
Friday, August 5, 2011
Charter School Company Told to Open the Books
*** Did you know that charter school conglomerate, White Hat Management, had refused to open their books and accounting to state officials? A judge has ruled that the state and the public has the right to know what happens to our tax dollars.
A judge in Ohio has ruled that a private management company that operates a group of publicly funded charter schools must turn over financial records requested by the schools' governing boards.
The Wednesday ruling in Columbus comes in a lawsuit in which the boards of Hope Academies and Life Skills Centers in Cleveland and Akron asked to break their contracts with Akron-based White Hat Management LLC.......
.......Among records the boards seek are those related to school operations as well as money spent on lobbying for the 2007 law. The judge says White Hat must only turn over records related to the use of public funds.
Posted by at 3:02 PM