profit taking
Posted By: cnbc addict on 2008-11-05
In Reply to: Wow! Markets looked like they were coming up right - Backwards typist
The rules have not changed yet and the hedge funds are still running loose, betting ups, betting downs. Everything they were doing to get us into this mess is still going on and still legal. Leverage is still high.
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it's not for profit.
That's the big difference. the money is used for missions, etc. Let's face it, if church was a business the govt would love to get their hands on the taxes. Churches are tax exempt because they are not for businesses.
AND MADE A PROFIT!
http://www.youtube.com/watch?v=Cm5jQEh7exg
I interpret that to mean 30% of the PROFIT, if any...sm
would go to help the low and middle class strapped people who can not now afford their mortgage, but only if and after the $700 billion is repaid. No?
Well, duh. Of course they're for profit
That's why Obama wants a government run healthcare system, so he can dictate EVERYTHING. He wants a government run EVERYTHING as well, so he can dicate everything, because God only knows what we would have done without him all these generations, making our own way and building our own businesses, getting through the great depression, droughts, famine, long before he showed up, only to have him now tell us he'll take care of us. We're such feeble helpless individuals.
Unless their PROFIT from that business exceeds...sm
$500,000 a year ($250,00 x 2 if both work in the business) they will not pay additional taxes.
It is the business owner's profit that he...sm
takes home after all expenses are paid.
I have no problem with a non-profit, non-federally funded...sm
establishment having a code of ethics including religion that is exclusive of other religions.
But I think it is hypocritical to take federal funds and then be exclusive to only your group. It's like taking money out of my pocket and then telling me that I can't participate.
If the profit factor (insurance companies)...
...is removed, we will save a TON of money.
John McCain said she sold it at a profit on ebay. nm
.
Alaskans do get a check based on oil profit taxes that are...sm,
charged by the Alaskan government. That is why the poor Alaskans support her and agree to the rape of their land. A few thousand dollars is a lot of money to them.
Various Bush members enjoy profit from human suffering.
Two articles below:
http://www.latimes.com/news/printedition/asection/la-na-bucky23mar23,1,7624344.story?ctrack=1&cset=true
From the Los Angeles Times
Bush's Uncle Earned Millions in War Firm Sale
An SEC filing shows William H.T. Bush collected about $1.9 million in cash, plus stock valued at $800,000, from the deal.
By Walter F. Roche Jr.
Times Staff Writer
March 23, 2006
WASHINGTON — As President Bush embarks on a new effort to shore up public support for the war in Iraq, an uncle of the commander in chief is collecting $2.7 million in cash and stock from the recent sale of a company that profited from the war.
A report filed with the U.S. Securities and Exchange Commission shows that William H.T. Bush collected just under $1.9 million in cash plus stock valued at more than $800,000 from the sale of Engineered Support Systems Inc. to DRS Technologies of New Jersey.
The $1.7-billion deal closed Jan. 31. Both firms have extensive military contracts.
William Bush was a director of Engineered Support Systems. Recent SEC filings show he was paid cash and DRS stock in exchange for shares and options he obtained as a director.
Before DRS purchased it, Missouri-based ESSI experienced record growth as a result of expanded U.S. military contracts — many to supply U.S. efforts in Iraq and Afghanistan.
The contracts, some awarded on a no-bid basis, include a $77-million deal to refit military vehicles with armor for use in Iraq.
Other ESSI products used in the war include radar and detection services, field medical stations and field electrical generator units.
SEC filings show that two federal investigations of ESSI are underway. One inquiry involves a stop order from the government on the field generators. The order was issued because the units didn't operate properly.
The generator contract was a major source of revenue. SEC files show that ESSI did not tell stockholders about the stop order until last June, about seven months after it was issued.
During the interim, several ESSI executives, including Bush's uncle, cashed in stock and stock options worth millions of dollars, the filings show.
According to one recent filing, the SEC and the U.S. attorney in St. Louis are investigating the delayed disclosure and other matters.
Unnamed members of the ESSI board and corporate officers have been subpoenaed in the inquiry, according to documents.
SEC filings show that William Bush, 67, exercised options on 8,348 shares of ESSI stock on Jan. 18, 2005, about two months after the stop order was issued and six months before it was disclosed. He collected about $450,000 in cash.
Bush, known as Uncle Bucky in the president's family, joined ESSI's board in 2000, several months before his nephew became president.
He heads a St. Louis investment firm and is the youngest brother of former President George H.W. Bush.
He declined to comment Wednesday. However, in an interview last year, he said he played no role in ESSI's winning federal contracts.
I don't make any calls to the 202 [Washington, D.C.] area code, he said.
Patricia Williamson, a spokeswoman for DRS, would not comment on the status of the federal investigations.
The company has said it is cooperating in the probes, which also involve an ESSI insurance contract.
_________________________________________________________________
March 22, 2006, 11:58PM
Former first lady's donation aids son
Katrina funds earmarked to pay for Neil Bush's software program
By CYNTHIA LEONOR GARZA
Copyright 2006 Houston Chronicle
Former first lady Barbara Bush donated an undisclosed amount of money to the Bush-Clinton Katrina Fund with specific instructions that the money be spent with an educational software company owned by her son Neil.
Since then, the Ignite Learning program has been given to eight area schools that took in substantial numbers of Hurricane Katrina evacuees.
Mrs. Bush wanted to do something specifically for education and specifically for the thousands of students flooding into the Houston schools, said Jean Becker, former President Bush's chief of staff. She knew that HISD was using this software program, and she's very excited about this program, so she wanted to make it possible for them to expand the use of this program.
The former first lady plans to visit a Houston Independent School District campus using the Ignite program today to call on local business leaders to support schools and education.
The trip to Fleming Middle School is intended to showcase Bush's commitment to education for both Houston-area and New Orleans evacuee students, according to a press release issued Wednesday by Ignite.
Fleming, which has more than 170 New Orleans students, was one of eight area schools chosen by the Harris County Department of Education to receive a donated COW, or Curriculum on Wheels, multimedia program after Hurricane Katrina.
Neil Bush founded Austin-based Ignite Learning, which produces the COW program, in 1999.
Becker said she wasn't at liberty to divulge how much money the Bush family gave to the hurricane funds, but said the rest of their donation was not earmarked for anything.
Nationally, some other donors also specified how they wanted their donations spent, Becker said.
For example, one man wanted his money to go to Habitat for Humanity but via the former presidents' fund. Nearly $1 million has been raised for the local fund and more than $120 million for the national.
Regarding the fact that Bush's earmarked donation also benefited her son's company, Becker said, Mrs. Bush is obviously an enthusiastic supporter of her son. She is genuinely supportive of his program, and has received many letters from educators who support it. Bush honestly felt this would be a great way to help the (evacuee) students.
Barbara and Neil Bush presented the donated programs to Houston-area schools this winter.
Districts that received the free curriculum include Houston, Alvin, Katy, Pearland and Spring and the New Orleans West charter school.
There are 40 Ignite programs being used in the Houston area, and 15 in the Houston school district, said Ken Leonard, president of Ignite.
Information about the effectiveness of the program, through district-generated reports, was not readily available Wednesday, according to an HISD spokeswoman.
Two years ago, the school district raised eyebrows when it expanded the program by relying heavily on private donations.
In February 2004, the Houston school board unanimously agreed to accept $115,000 in charitable donations from businesses and individuals who insisted the money be spent on Ignite. The money covered half the bill for the software, which cost $10,000 per school.
The deal raised conflict of interest concerns because Neil Bush and company officials helped solicit the donations for the HISD Foundation, a philanthropic group that raises money for the district.
HISD school principals decide for themselves whether to spend their budgeted money on Ignite.
Leonard said that in the past six to eight months, the company has hired national sales representatives across the country — in Florida, New York, Pennsylvania, Georgia and Nevada — in hopes of expanding beyond Texas. Currently, about 80 percent of the company's customers are from Texas.
Last year, Neil Bush reportedly toured former Soviet Union countries promoting Ignite with Russian tycoon Boris Berezovsky.
According to the Times of London, Berezovsky, a former Kremlin insider now living in Britain, is wanted on criminal charges in Moscow accusing him of seeking to stage a coup against President Vladimir Putin.
The purpose of today's event is to showcase everyone's efforts in helping the hurricane evacuee students who ended up in Houston, Leonard said.
We have a role, but we're not the leader in this, Leonard said. He also acknowledged that his company will benefit from the former first lady's visit.
Barbara Bush is expected to observe both teachers and students using the Ignite Learning program while touring classrooms, according to the Ignite press release.
During a short reception, teachers and students will give testimonials about the program and Bush will encourage community business leaders to have a stronger presence in supporting schools and education, the press release said.
The free-standing instructional tools that are not dependent on the Internet. They include a built-in computer, projector and speakers and come pre-loaded with science and social studies courses.
cynthia.garza@chron.com
HoustonChronicle.com -- http://www.HoustonChronicle.com | Section: Houston & Texas
This article is: http://www.chron.com/disp/story.mpl/headline/metro/3742329.html
Bottom line...they made a 68 million dollar PROFIT.
PROFIT is AFTER expenses. So I am thinking they are doing pretty darn well, don't you? They are not in it for the goodness of their hearts.
And it says plainly on the website they will take checks for anything but abortions. So that says to me cash or credit card. IF there is another explanation for that, please share.
It has been awhile since there was a bombing or a shooting, and I don't condone either. Killing abortionists or bombing clinics is not the answer. Changing minds and providing alternatives is the answer. But going with the flow and remaining quiet while mass murder of the unborn goes on is something I cannot do, and sorry if I find it horrifying that PLanned Parenthood makes such a KILLING for killing. THere is THAT.
Can anyone say "spend your $$$ wisely?" Do you realize their profit margins over the years?..
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I'm taking this to the top.
x
So you are taking up for the thugs
who are keeping the rescuers from help. You are mentally deranged....very mentally deranged.
doing taking tempature???
I get it now. You figure if you spout enough of your illiteracy on the Liberal board, you will dumb us down to your level.
Taking a survey...
Anyone have any thoughts on Romney being Mormon, will it hurt, help, doesn't matter....Did he convert to Mormonism; I don't remember his father being a Mormon.
Taking this response
x
I'm taking this to the top to enlist
nm
THis is not about taking anything away from kids...they
still have access to birth control...health departments, planned parenthood, clinics, any number of places. It is common knowledge. You hear about it on television on a daily basis, and television, movies, and the internet are where most kids get their information. And frankly, listen to it much more closely than to their parents. Throwing more federal money into any kind of sex ed and/or abstinence programs to me is a waste of money. That was the original question, did I think federal funds should be used for sex ed and abstinence programs.
No, in this culture we live in today, to remove contraception would be idiotic. Sex has been reduced to "expression," having one partner for life has disappeared, multiple partners are fine, yada yada...in that kind of culture to remove birth control would be nuts. Think what the abortion rate would be if that was done...good grief.
By education and programs that doesn't mean dispensing actual birth control. At many schools kids can get condoms. Nearly every health department in the country will dispense birth control and any planned parenthood place will, and that is not going to change.
If you want to reach kids, put those programs on the internet or introduce that kind of information to the shows the kids watch all the time. If you want the information to get to them, that is where it should be covered.
Thank you for taking the time to lay it all out
They will immediately go to Palin flaming because that's all they have. They can never refute any proof made on this board because they can't find any to refute with. Instead, they keep going round and round with the only thing they can remember from TV, Palin this, Palin that.
You don't see the republicans putting down Biden because they are decent people, unlike the dems on this board who refuse to see. AND, the dems on this board know that Biden LOVES McCain and they know in their hearts Biden can't stand Obama; he already said so.
God isn't the problem....taking God out of our
=
fabulous? When he is taking away a better one?
Letting Bush's tax cuts expire? Have you done the math?
Taking money out
is actually a good idea, since there has been talk of bank runs under the current situation THAT IS NOW HAPPENING UNDER GEORGE W. BUSH.
For me, taking time every now and then
to look back and reflect on what we come from, where we're at, how far we've come and how far we have yet to go is a good thing. An Abe-Lincoln themed inauguration seems to be as appropriate of an occasion as any. I cannot pretend to understand how it feels to have the pain of slave ancestors' stories dragged up and thrust in my face, but I can speak to pain of a different sort.
The sight of hordes of GWTW southern belles all bedecked en masse in pools of pastel puke conjures up the shame I inherited from my own white ancestors. As a child, I felt plenty of it growing up in a southern metropolis in the 50s where cotton was still king and the vestiges of plantation life were still palpable and, at times, visceral. As a child, I lived in a wealthy community where some household "help" still stayed in "servants' quarters" behind the main residence (gag me). These were the days of segregation and separate but unequal when and the "N" word was still socially acceptable.
Enter MLK and the revolution of the 60s and 70s that turned our country up-side-down, thank you Jesus. The progress has been slow but steady since then, but the fact that I can still feel the stinging shame of where I came from and that you can still feel such outrage over a historical parade lets us both know that we have not yet reached the Promised Land.
When I watch the Azalea Trail Maids next Tuesday, they will not be marching toward me. They do not have the power to bring back the past and slap me in the face with it. Every step they take will be one step further away, back into a time we best not forget anytime soon, and I will be reminding myself that they are indeed GONE WITH THE WIND.
PS. I too am hoping for brisk winds that whip right past those pretty pastel pantaloons and chill them straight to the bone.
I appreciate you taking time out....(sm)
to respond to my post in such a reasonable and adult manner. Keep up the good work! You must be so proud.
Government is taking over
everything and they aren't even smart enough to run the government let alone every business in the US. I just cannot believe you Obamabotics find this okay. This is total government control going on here!!!! This is scary crap!
Thank you for taking the time
I appreciate your reasonable and well-composed argument. I do see how recent actions by this administration could be construed as a power grab, but what actions do think they should have taken instead?
Regarding the private sector argument, if a company accepts federal funding to bail them out of a financial crisis, are they still truly a private company, at least until the money is paid back? I do not agree with all the actions of this administration with respect to the financial crisis, but I do think they had to demonstrate that there are strings attached to receiving taxpayer money. (I may not agree with how they choose to about demonstrating that, however.)
So you are taking the word of
a guy who others consider a little off, Jolie's father? Not a good selection. Can you do better?
You said you had no problem taking on the Taliban...
there is no evidence THEY had anything to do with 9-11 either. Iraq had as much to do with 9-11 as the Taliban did. Both countries had Al Qaeda training camps. Both harbored Al Qaeda operatives. Saddam Hussein funded all kinds of terror operations, including bounties to families of suicide bombers. It was proven that a member of the Sadam Feyadeen met with Mohammed Atta prior to 9-11. Of course, they could have been discussing the weather. Saddam harbored the man who pushed Leon Klinghoffer and his wheelchair off the Achille Lauro...he harbored Al Zarqawi. What more do you need? Him on one of the planes? Your arguments make no sense. Basically, bottom line...you do not care if your protests hurt the effort in Iraq and thereby the soldiers fighting there..and as to soldiers dying for something they did not believe in...the vast majority are not of that mind. If you watched anything but CNN and listened to anything but liberal spin you would see the interview after interview after interview where soldiers do affirm their mission and affirm their disappointment in lack of support of some Americans.
As to Cindy Sheehan's son...other members of her family, her husband included...have said numerous times on the record that Casey Sheehan believed in the effort, and would be appalled at what his mother was doing. We do not make those things up...just because the liberal press does not report it does not mean it does not happen...oh...but I guess in YOUR world, that is true. Because you just pooh-pooh it and say that means nothing to me. Why is it that liberals are so arrogant? Why is it ALL about you? I have tried and tried to wrap my mind around that and just can't. I cannot understand what it is that makes someone disregard the lives and the mission of our military in harm's way just so they can hold a sign and call attention to THEMselves. There is nothing noble about that. The noble ones are the ones in Iraq. How profoundly sad that you cannot see that...in one breath okay to fight the Taliban, in the other just throw Iraq and our boys and girls there to the dogs. How twisted is that...sigh. So...go on about your protesting. Only call a spade a spade. It is about YOU...and making yourself feel good. It is not, nor has it ever been, for anyone else.
Thanks for taking up for me Brunson, the problem is SM
I didn't post any of these posts. Someone is playing a stupid joke and not a very funny one. However, since Lurker seems content to know me so well, I am not sure who got the real butt of the joke ;)
taking things out of context
I agree that it's not fair to take Michelle Obama's statements out of context, but then you turn around and take Cindy McCain's problem out of context. I say leave both wives alone. I know what Cindy did was illegal, so it's kind of apples and oranges, but she's worked through her recovery and worked it out with the law, so I don't think she needs to be beat over the head with it the rest of her life.
I'm taking my response to a new thread
nm
Not interested in taking this off task.
nm
He wan't taking care of a 4-mo old Down infant
nm
All the while, his supporters taking notes
X
Why do you "whiners" think that taking money from
nm
oh, REALLY? So snipers or bombs taking out
In many ways, Christianity is even worse than Islam. And it's disgusting to see the US has been so thoroughly infested with it.
Taking a rest today.
Yes, you go ahead. Take a rest. Freedom of speech.
Taking from Peter to pay Paul.....
Well, h@ll........I suppose with this glorious reform package of Obama's, I should just go sit under a bridge, kiss my hard working years goodbye. Obama will kill this society. My husband has also worked his butt off since he was 12 years old and he definitely does not owe anyone his money. They can get off their butts and shovel dirt, dig ditches, work in a powder factory, haul hay, move furniture, dig sewages, whatever. WORK FOR A CHANGE! Live within their means. My husband did it. They wanna go to college, do like us, work your butt off and pay for your college education. Quit whining!!!
Even those families at the low end of the income bracket will be paying dearly in taxes, more than now, and they actually think they will be getting a break. Tax credits are NOT tax cuts.
Socialists are whining, sniveling, moaning, groaning....
You wanna see free money given to people who DO NOT pay taxes? If you don't contribute, don't expect anything else.
GP was taking issue with the stereotype
characterize all poor people as freeloaders in the linked post. In the current post, she is addressing an entirely different subject...corporate welfare.
I thank you for taking the time to try to explain
Difference in opinion is what makes horse races. I respect your opinion that the b/c is not authentic, I ask that you respect my opinion that it is.
Irregardless, I think the mayhem that would result in Obama not being inaugurated far outweighs his becoming president even IF his b/c should prove to be inaccurate. After all, we have the Congress to keep things in check although there is little comfort for me in THAT. I doubt the electoral college would dare defy the will of the people either and I would imagine all of them are a bucket full of crooks the same as all congress and other politicians.
I fear that Bush will find a reason to declare martial law and I will continue to fear that until he is OUT OF THERE. Would we really want to see that happen? Can you possibly imagine the bedlam at this 11th hour if we woke up and had no president elect? Please, I ask all of you who are trying to make this happen to stop and think what would be the result if you "win."
I did not want to see either Obama or McCain elected nor did I want to see Hillary elected or any of the other candidates. It's a fine kettle of fish we find ourselves in in any event.
And as a final note, I have no confidence in our crooky Supreme Court either. Look how THEY got in their positions.
Are you taking about Stevens in Alaska?
Their thought is if he's voted in and goes to prison, they'll be able to hold a special election and put someone else in or something like that.
I thought it was ridiculous.
Thank you for taking the time to post this!! :-)
awesome post
I've been taking the package apart.
I see no jobs for this area.
In fact, 2 years ago, they turned a whole mountain into windmills. Who has those jobs? The company that put them there. Their guys come from another state to maintain and repair them. No locals are employed by that company. Doesn't make sense but that's the way they do it.
So you think government officials taking a pay
solve the issue of $2 trillion dollars worth of toxic paper held by the our financial institutions and stop the hemorrhaging of 650,000 job losses per month? Will that really restart the flow of credit to businesses and put people back to work? Will government officials taking a pay cut restore the million and billion dollar budget deficits faced by the states?
I just finished taking a tax class --
The instructor never lets anything be an open book test in our other classes, but the tax class is because it is some complex and confusing that even doing just the basics you cannot get it all in your head.
It is CRAZY!!!
Obama is taking our money... you would be
nm
Thanks for taking the time to post
Sorry, forgot to add that. Have a good afternoon.
taking back our country
So, most of us agree that Obama should not be in office for another term. As well, most of want our country back. How do we, as Americans, do this? Contacting our representatives or senators is not the answer, since they are "in bed" with each other. There must be a way.
right on, it is about justice, not about taking sides!...nm
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