Moeed Pirzada January 18, 2008
#423 Posted by hamidm2 on January 23, 2008 9:23:44 am
Re: # 420
tahmed,
.... i hear you .... actually i use the same argument to try and convince myself that michael jordan (the ceo and the basketball player) is not any 'happier' than me ..... it is a sorry excuse for my own shortcomings and i know it! ...... unlike masadi, who loves government cheese, i would like to have their money ....... and then if i don't like it i promise to give it away ...... you can have it ...
tahmed,
.... i hear you .... actually i use the same argument to try and convince myself that michael jordan (the ceo and the basketball player) is not any 'happier' than me ..... it is a sorry excuse for my own shortcomings and i know it! ...... unlike masadi, who loves government cheese, i would like to have their money ....... and then if i don't like it i promise to give it away ...... you can have it ...
#422 Posted by bubba on January 23, 2008 9:21:08 am
Re: # 333 Posted by tahmed32 on January 22, 2008 1:59:09 pm
[bubba: how do you fight a financial war?] By bringing the mighty dollar close to parity with your opponent's currency. For example, if the US wants to fight the Chinese with their advantage over the USD then all the US has to do is to devalue USD such that US manufacturing comes back alive and the Chinese transportation cost just removes the value addedness to bring all those cheap Chinese products in the US markets.
Currently US export is approx. 13% of the USD GDP. Whereas the US construction has over 25% of the labor force, its share of the US economy (USD 14.4T) is barely 5%. Thus, for the near future, we will continue to see labor losses, with increase of US exports.
This is inspite of the financial thuggery of those investment bankers and equity fund managers. Of course, all of this is applicable only if Hamid mian, blesses it.
[bubba: how do you fight a financial war?] By bringing the mighty dollar close to parity with your opponent's currency. For example, if the US wants to fight the Chinese with their advantage over the USD then all the US has to do is to devalue USD such that US manufacturing comes back alive and the Chinese transportation cost just removes the value addedness to bring all those cheap Chinese products in the US markets.
Currently US export is approx. 13% of the USD GDP. Whereas the US construction has over 25% of the labor force, its share of the US economy (USD 14.4T) is barely 5%. Thus, for the near future, we will continue to see labor losses, with increase of US exports.
This is inspite of the financial thuggery of those investment bankers and equity fund managers. Of course, all of this is applicable only if Hamid mian, blesses it.
#421 Posted by tahmed32 on January 23, 2008 9:19:07 am
#419 zeemax: the "manifest destiny" was a 19th century concept, fulfilled in 1852 or so when the US finally achieved its goal of extending its frontiers from "sea to shining sea". So, if you choose to let Masadi confuse you with his habitual lies, be my guest. But dont call those lies "ideas". The manifest destiny was fulfilled 155 years ago. Duhh!!
Nor was the concept of manifest destiny an evil one, as masadi likes to portray it. The US bought large chunks of land. Even the mexicans themselves are streaming into California today to escape the miserable conditions in mexico. Left in the hands of the corrupt mexican elite, California would have been a third world junkyard like the rest of mexico.
If you want to talk "ideas" (as opposed to lies masquerading as knowledge), then today is not about "manifest destiny". Today is about the "final frontier" that the US is leading the charge against that I talked about in post #128 below.
Nor was the concept of manifest destiny an evil one, as masadi likes to portray it. The US bought large chunks of land. Even the mexicans themselves are streaming into California today to escape the miserable conditions in mexico. Left in the hands of the corrupt mexican elite, California would have been a third world junkyard like the rest of mexico.
If you want to talk "ideas" (as opposed to lies masquerading as knowledge), then today is not about "manifest destiny". Today is about the "final frontier" that the US is leading the charge against that I talked about in post #128 below.
#420 Posted by tahmed32 on January 23, 2008 9:09:51 am
hamidm #415: No one says that michael jordan (or any other entertainer - screen actor, sportsman, investment bankers, performing flea) is worth what he is paid. All I am saying is - you can live a perfectly fulfilling life with a lot less than the obscene amounts these individuals are paid. And not everyone is going to become a news-generating entertainer anyway.
I know school teachers who live what by any reasonable definition is a a dream life - taking off a couple of months off each year to go vacationing to some exotic place in in europe or africa or asia, living comfortably (and you dont need to buy expensive cars to impress strangers on the highway or any desi cheapster "social friends" in the US to do that), and still have time to spend raising children and take care of your health and so forth.
And there are very few "non-real jobs" in the US - even a licensed plumber in the US takes pride in his work and understands the meaning of "professionalism" in a way that even a uniform-disgracing general like musharraf in Pakistan would never understand. And he still makes enough to afford (if he wants) a waterside home with a boat. And there are standards in every profession - even kindergarten teachers are expected to have a masters in education. This is the stuff people who spend decades in the US and never understand.
So, just make sure your daughter gets married to someone civilized, and let this great nation give her the biggest gift a country can give to its citizens - the freedom to do what they like to do, not what they are driven to do to ease their financial insecurities or to feed their financial appetite. Leave the latter for the jahils of the middle east. At least that is my view that you may wish to think about.
I know school teachers who live what by any reasonable definition is a a dream life - taking off a couple of months off each year to go vacationing to some exotic place in in europe or africa or asia, living comfortably (and you dont need to buy expensive cars to impress strangers on the highway or any desi cheapster "social friends" in the US to do that), and still have time to spend raising children and take care of your health and so forth.
And there are very few "non-real jobs" in the US - even a licensed plumber in the US takes pride in his work and understands the meaning of "professionalism" in a way that even a uniform-disgracing general like musharraf in Pakistan would never understand. And he still makes enough to afford (if he wants) a waterside home with a boat. And there are standards in every profession - even kindergarten teachers are expected to have a masters in education. This is the stuff people who spend decades in the US and never understand.
So, just make sure your daughter gets married to someone civilized, and let this great nation give her the biggest gift a country can give to its citizens - the freedom to do what they like to do, not what they are driven to do to ease their financial insecurities or to feed their financial appetite. Leave the latter for the jahils of the middle east. At least that is my view that you may wish to think about.
#419 Posted by zeemax on January 23, 2008 9:05:17 am
#417 Posted by hamidm2, #418 Posted by anil,
I think what Masadi Mian talks about, in the ultimate analysis, is rebellion against the concept of the 'Manifest Destiny'.
I think what Masadi Mian talks about, in the ultimate analysis, is rebellion against the concept of the 'Manifest Destiny'.
#418 Posted by anil on January 23, 2008 8:49:27 am
Re: # 416
Zeemax sahib:
I would say that there ia truth in what you say.
Massaddi Mian is trying to bring new synthesization for an alternative solution.
Zeemax sahib:
I would say that there ia truth in what you say.
Massaddi Mian is trying to bring new synthesization for an alternative solution.
#417 Posted by hamidm2 on January 23, 2008 8:42:58 am
Re: # 416
zeemax,
.... let me save you the trouble ........ i parsed through all of masadi's posts and came up with the following:
.... "the us elite is reponsible"
......... i hope that helps ...... you are welcome!
p.s. stop encouraging the fool
zeemax,
.... let me save you the trouble ........ i parsed through all of masadi's posts and came up with the following:
.... "the us elite is reponsible"
......... i hope that helps ...... you are welcome!
p.s. stop encouraging the fool
#416 Posted by zeemax on January 23, 2008 8:23:34 am
I think someone said about 'parsing' Masadi Mian's posts correctly. That is correct. There's a lot to be read in his posts.
#415 Posted by hamidm2 on January 23, 2008 8:01:42 am
Re: # 413
tahmed,
.... unfortunately, i still have trouble differentiating between a 'v' and a 'w' and so remain a fob inspite of my kids best efforts to stop me from growing nose hair and wearing sneakers with dress pants ! ........
.........personally, i don't give a flip about what my kids do as long as i don't have to support their ridiculous life style (i know, i know, i am to blame ..) ...... they have to understand that you cannot be a primary school teacher and drive a bmw, spend 3 bucks at starbucks every day, have an iphone, run around in designer jeans and eat forty bucks worth of sushi ....... you want to do all that, then become an investment banker or live on government cheese like 'professor' masadi .......
....... but getting back to the subject, stop whining about executive compensation ......... if michael jordan can make 60 million a year, what is wrong with the other michael jordan (cbs, eds) making a measly 20 million ....... he could probaly make more at a private equity firm and not have to put up with commies like you .........
tahmed,
.... unfortunately, i still have trouble differentiating between a 'v' and a 'w' and so remain a fob inspite of my kids best efforts to stop me from growing nose hair and wearing sneakers with dress pants ! ........
.........personally, i don't give a flip about what my kids do as long as i don't have to support their ridiculous life style (i know, i know, i am to blame ..) ...... they have to understand that you cannot be a primary school teacher and drive a bmw, spend 3 bucks at starbucks every day, have an iphone, run around in designer jeans and eat forty bucks worth of sushi ....... you want to do all that, then become an investment banker or live on government cheese like 'professor' masadi .......
....... but getting back to the subject, stop whining about executive compensation ......... if michael jordan can make 60 million a year, what is wrong with the other michael jordan (cbs, eds) making a measly 20 million ....... he could probaly make more at a private equity firm and not have to put up with commies like you .........
#414 Posted by anil on January 23, 2008 7:28:59 am
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#413 Posted by tahmed32 on January 23, 2008 6:56:20 am
hamidm: You need to move beyond the fob stage (the stage when you persue wealth ignoring the fact that after a certain stage wealth means nothing - check out Maslow to help you understand). Teaching is a real job in the US, rest assured. So drop the Pakistani conceit about "lowly lecturers".
I am also surprised you were able to steer your daughter in the "right (i.e. fob) direction". Most US-born kids I have seen dont give two hoots for the "fob dream" - most first generation immigrants I have seen trying to push their kids in the "right direction" simply get told not to try and live their lives through them (i.e. their children).
I am also surprised you were able to steer your daughter in the "right (i.e. fob) direction". Most US-born kids I have seen dont give two hoots for the "fob dream" - most first generation immigrants I have seen trying to push their kids in the "right direction" simply get told not to try and live their lives through them (i.e. their children).
#412 Posted by hamidm2 on January 23, 2008 5:08:06 am
tahmed mian,
... so what is the moral of the story ? .... for years, i have been reading this crap about executive compensation written by tweedy professors who can't get a real job .......
..... this is the lesson i learned from all this nonsense: i am trying to steer my younger daughter who (i think) is brilliant into dropping the silly notion of becoming a school teacher and instead going into investment banking ...... and since she likes the good things in life, like i-phones and dinners at the capital grill - she got it after i showed her that there was no way she could afford all that on masadi's salary ..... she also knows that she will have to work 80 hours a week to buy that bmw ........and she is okay with that
....... samuelson is a whiner - if he was that smart he would be running a hedge fund instead of depending on some runny nosed kid at charles schwab to make him a fortune ..........
#410 Posted by queen_cut_paste on January 23, 2008 5:01:55 am
Re: # 407
If you read the recent Atlantic Monthly article (it was quoted here below by Bubba), you will get an intersting insight into this - esp China lending money to the US. That these guys could hoodwink china into giving such loas to the Amricans, would explain why despite the losses they were given rewards they richly deserved. In fact given the scale of the losses (which were really losses by the outside world) these guys should have been given more.
If you read the recent Atlantic Monthly article (it was quoted here below by Bubba), you will get an intersting insight into this - esp China lending money to the US. That these guys could hoodwink china into giving such loas to the Amricans, would explain why despite the losses they were given rewards they richly deserved. In fact given the scale of the losses (which were really losses by the outside world) these guys should have been given more.
#409 Posted by tahmed32 on January 23, 2008 4:50:25 am
further to #407, while wall street investment bankers may not be idle, they are grossly overpaid and thus "relatively idle". And even in this case - one of the foremost champions of the capitalist system argues the opposite of Russels article (which I hope was tongue in cheek, since I havent read it other than the little extract you provided). Similarly, while you can question the prophet Mohammed's or the prophet Jesus' contributions to human society in conveying (introducing) religion, neither one of them was idle.
#408 Posted by queen_cut_paste on January 23, 2008 4:47:39 am
Re: # 406
Anil Saheb, where did this vitriol come from? Man, that is one heck of a side-swipe of invective directed to poor HP. (did HP really say all of that (what anil says he said)?)
Want to ask knowing people: Is this HP that Masadi? Do you lot see some similarity between them?
Anil Saheb, where did this vitriol come from? Man, that is one heck of a side-swipe of invective directed to poor HP. (did HP really say all of that (what anil says he said)?)
Want to ask knowing people: Is this HP that Masadi? Do you lot see some similarity between them?
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