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Comment Re:Falling to near zero?? (Score 1) 274

Businesses will also sell old stock at a loss simply to free up capital that's trapped in stockholding.

Not to mention that often you're charged a restocking fee by your distributor and it counts against your account purchase totals (which grant you perks such as line discounts, better rates overall, etc).

When I was running my business our main distributor would allow a 6 month restock, but with a 15% fee. We'd simply put inventory that wasn't moving that we would have returned on "clearance" at (or up to the 15% below) cost to get rid of it. It was only things that we literally thought we'd never get rid of that we'd return.

Comment Re:Troubling signal, why? (Score 1) 471

I know what everyone is saying about how the $38 share price was perfectly picked as the correct valuation of the company, but (and I am not a financial expert) what does this mean to the people who bought in on Friday? With no major share price movement they are left with a bunch of stock certificates and all their money in the hands of FB. How does this become a worthwhile investment for them?

Define "people".

Individual investors were chumps from the start (pretty much every analyst had said not to buy it) and allowed the financial institutions to make a nice 20% profit in a few minutes, selling their shares @ $42 - $45 when it opened.

If you're a financial institution ... it's a long term investment that you believe will pan out. They thought $38 was the correct valuation and are in it for the long haul.

Comment Re:Math/Fact Check (Score 1) 523

Not to be pedantic (ok, I am) but one per day was never mentioned.

I watch people at work make multiples of such purchases daily ($4 coffees, $2 cinnamon buns, etc) then complain that they don't have money to buy things ... like a new(er) car.

$10/day buys you a Versa on a 6 year loan at a low interest rate with a minimal down payment.

Comment "cards closed per week" (Score 2) 223

I worked as an engineer at a company the professed to be "agile" (the quotes are because really, not so much). They started judging performance by "cards closed per week".

You'd be amazed at the number of cards that will be created and closed under those conditions. Our productivity *soared* (according the graph that showed productivity as a measurement of cards closed per week ... ).

Comment Re:RTFA - really, it's interesting! (Score 1) 845

First of all, we have to remember that the sample questions were from the 4th and 8th grade, but the test he failed was 10th grade. At that age level, the questions might already be hard enough that it's justifiable to have forgotten a couple of rules and fail as an adult.

Not so much. If you follow the links you'll find up here: http://nces.ed.gov/nationsreportcard/itmrlsx/landing.aspx

Here's a sample question from the 12th grade mathematics test, specifically one marked "hard":

"The postal rate is 25 cents for the first ounce and 20 cents for each additional ounce or part of an ounce. What would it cost to mail a package that weighs 6.8 ounces?"

So in short, on top of all the other things you detail in your post which IMHO is spot on, the guy really is operating below a functional level when it comes to mathematics. Given this and those things, I'm going to go out on a limb and say he's probably not really that great at much else either.

Comment Re:It's a SERVICE (Score 2) 713

Actually, no, it's not. At least not for the last 30 years or so.

The only taxpayer money that goes to the USPS is ~ $100mm a year to cover things mostly for the disabled and overseas voters (http://en.wikipedia.org/wiki/United_States_Postal_Service). They are only expected to break even.

And therein lies the problem. The basic fact of the matter is that e-mail has eroded their bread-and-butter; people needing to communicate with another person. Bills/invoices are also going this way. While not everyone uses e-mail, enough do that this is a buggy-whip manufacturing situation. Eventually there will simply be little reason for it to exist.

The fact that they suck at delivering actual packages when compared to UPS pretty much rules them out of that business. They're slower, don't provide adequate or accurate tracking, etc, etc.

Oh, and in new neighborhoods like mine? UPS, FedEx, etc actually bring things to my *house*, not a community mailbox a 1/4 mile away.

What it comes down to is either it needs to be completely overhauled and shrunk to fit today's reality, or be subsidized heavily by taxpayer money.

Comment Re:One workers opinion at one company in a recessi (Score 1) 473

No kidding. I could write an article that is the complete opposite of this based on my own personal experiences.

I'm past this "half life" and get at least 3 inquires a week via LinkedIn (either via messages or people calling my phone). I just accepted a new position (Sr. Engineer) that I'll be starting after the first of the new year. I wasn't looking for a job as my current position is quite good; this company actively sought me out and recruited me.

The same as an earlier poster stated about himself, I'm also not the smartest guy on the planet. What I am is someone who really does love this field (been programming since I was 10), has decent logic skills, keeps up with technology, etc.

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