Monthly Archives: July 2011

Controlling costs through appropriate employment numbers

Compare this:

Cisco is reportedly preparing to cut anywhere from 5,000 to 10,000 jobs by then end of August as it adjusts to the reality that it can’t command the prices it wants for its networking gear.

According to Bloomberg, Cisco is preparing to eliminate jobs by the end of August. Some of the cuts will be early retirement, but other layoffs will be involuntary. Reuters put the job cuts at about 5,000.

Cisco Live, the company’s customer event, kicks off Tuesday and Wednesday.

The reality is that Cisco has to adjust to cut costs for the long term because of fierce competition with the likes of Juniper Networks and HP. Both companies are squeezing Cisco’s core router and switch business.

via Cisco preps layoffs, aligns with competitive reality | ZDNet.
With this:

Forgetting for a minute the adverse selection and incentive problems from preferentially attracting folks who want to work in an environment without any accountability for performance, how can an institution that is running $1 trillion over budget not have any layoff either?

via Coyote Blog » Blog Archive » Adverse Selection.

When a private company spends more than it earns, it needs to cut costs or go out of business.  This means finding some way to streamline, save money, or reduce expenses, even if that includes letting people go.

But when a government spends more than it earns, it simply complains that any cuts to expenses are “draconian” or “extreme” or “unbearable” and demands that taxpayers just give it more money, regardless of how bloated, inefficient, worthless, or wasteful the government function and employees are.

Government: Welfare for worthless workers.

Unleashing Financial Hell | 5 Min. Forecast

This is how government encourages economic growth during a recession:

We begin today’s 5 with an ill omen for small business owners: the story of Anthony Fasolino, a third-generation proprietor of a pizzeria in the Bronx.

Fasolino was recently fined $600 for the head-slapping offense of… allowing rainwater from his parking lot to flow into the storm sewers.

No kidding.

Ummm… should he have collected and disposed of the rainwater instead?

Fasolino figures such bogus fines — $200 for a missing cover on a ceiling light was another recent one — eat up as much as 20% of his revenue.

“New York City is unleashing its latest financial hell on cash-strapped business owners,” reports the New York Post, “desperately stepping up fines and announcing a flurry of new fees to raise funds.” The city is counting on such fees and fines for $900 million in revenue.

The health inspectors are the worst, Fasolino says. “They have to find something wrong with the place. If they don’t, their supervisor will come out and then give you a ticket of some kind.”

Government will be fed, even if you must starve to feed it.

via Unleashing Financial Hell | 5 Min. Forecast.

Another ATF Arms Sales Scandal: “Operation Castaway”

The merry band of clown-shoed thugs and stumblebums strikes again!  Prohibition is still repealed, and so they’re busy finding other ways to get people killed:

The new scandal centering on the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) makes it clear that “Operation Fast and Furious” was not the agency’s only program for putting firearms into the hands of foreign criminals. It is becoming clear that a second misguided effort to track arms sales to the Third World — “Operation Castaway” — ended up supplying weapons to criminals in Honduras and Puerto Rico which were used in violent crimes.


The full implications of both bungled ATF operations are still unknown. Despite the fact that the responsibility for the Fast and Furious fiasco rests solely on an agency of the federal government, President Obama has actually issued yet another unconstitutional executive order, this time requiring federal firearms licensees in California, Arizona, New Mexico, and Texas to report all purchases of multiple rifles by the same person in a five-day span. The incompetence of an agency of the federal government to engage in tracking gun sales led to further efforts to track even more sales. With the ongoing “crisis” of the national debt absorbing the attention of the news media, Obama’s aggressive assault on gun ownership is in danger of receiving far less scrutiny than it deserves.

The last paragraph describes the recurring paradox of government: failure is always rewarded with expanded power.

via Another ATF Arms Sales Scandal: “Operation Castaway”.

Questions for Presidential ‘Debate’ Participants by Chris Sullivan

It would indeed be quite amusing to see these questions asked at a presidential debate:

Below are fifty questions that I would like to see asked of the panel of candidates at the so-called “debates.” There could be many more, but this is a start.

1 (a.)All of you who use an income tax preparer, raise your hand.

(b.) If you (who raised hands) can not prepare your own taxes, how do you propose to run the country?

2. If you can not prepare your own tax returns, is it reasonable to hold the average citizen criminally liable for errors?

3. How do you expect to understand bills sent to you for your signature if you can’t fill out a tax return?

Read ’em all! via Questions for Presidential ‘Debate’ Participants by Chris Sullivan.