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Hometown: Poway, CA
Current location: Leucadia, CA
Member since: Sat Nov 22, 2003, 12:17 AM
Number of posts: 11,434

Journal Archives

Inside Bain's Chinese Sensata Factories

Where Workers Put in 12-Hour Days for $.99-$1.35 an Hour
Bain didn't build that new factory -- the Chinese Government Did
October 20, 2012 |

Mitt romney has made Obama's out-of-context “you didn't build that” quote a central theme of his campaign. It's ironic, as Mitt Romney is going to profit just before the election when Bain-owned Sensata Technologies moves 170 high-tech jobs from Freeport, Illinois, to a plant in China built for the firm by the Chinese government.

Sensata enjoyed record revenues last year – this isn't about making the “hard choices” necessary to save a failing enterprise. The workers in Freeport have been working 24 hours a day, in three shifts. They make $14-17 per hour, with benefits.

According to a report by the Institute for Global Labour and Human Rights, one of Bain's first actions after buying Sensata was to set up “12 Sensata/Bain capital funds 'organized under the laws of the Cayman Islands' so as to avoid paying taxes.” They'll get a small tax break for relocating the plant – the one Mitt Romney insisted did not exist during the first debate – and then use those offshore funds to defer taxes on some of the income the company generates.



When calling out the RW 'chickenhawk' Romney's of this country...

...the inevitable comeback from their RW sympathizers (and you can set a watch by it) is, "when did Obama serve?" or "when did Clinton serve?" or words to that effect.

They completely miss the main point which is the hypocrisy of advocating war-hawkish positions yet not spending one minute in military service themselves (or going AWOL like W).

They are either this stupid or purposefully trying to change the issue.
Either way the RW in this country are bottom-feeders of the worst kind.

there was an ass kicked tonight

and it wasn't the President's.

What would it mean to our economy if people like me could retire...

...and "get out of the way"?

And furthermore...if I can't retire then who can?

I suspect there are many others in similar situations.

Here is my scenario:

Townhome in north county coastal San Diego, CA is paid off and ready to rent ($2,000 to $2,500 per month).
I have twenty years in at work and I am 55 so retirement is available at about 54% of pay.
I have another 457 retirement account about $55K in it and the wife will have, in two years, a retirement of $1,000 per month for 10 years.
We also have a CD at around $100K gaining minimal interest at around 2% plus other funds in Roths and conventional IRAs totaling around $60K.
We want to hit the road in our RV for a long while.
Can't retire though. No retirement health plan at work. Health insurance way too costly (preexisting condition).

Fortunately or unfortunately I have lived frugally and acquired too much to risk without insurance.


The software code used in...

...gaming machines, at casinos, is regulated and transparent.

The software code used in voting machines is deemed "proprietary", by the corporations that own them, and therefore is not subject to inspection.

Do I have my facts correct?


Chris Hedges on Capitalism’s ‘Sacrifice Zones’


Removing voters from the voting rolls,...

...tabulating votes on private machines, and corporate ownership of most of TV and radio.

Why that's a Republican wet dream come true!


Our parents, church, and school...

...all train us to obey authority figures or else we are punished.
We are brainwashed to "fit in".

Our parents treat us not as people but as property when we are young.

Church threatens us with Hell.

I worked at an elementary school and witnessed a kindergarten teacher drag a kid outside and berate him by saying, "All the other kids are behaving so why aren't you". In other words ingraining into this child that he must succumb to peer pressure yet, in a few years, he was taught "just say no" to peer pressure.

"I have no intention of accommodating corporate power ...

...whether it hides behind the mask of Barack Obama or Mitt Romney."

I admire Chris.


Attachment to "non-attachment"

So my wife and I attend a beautiful service here in Encinitas CA at the SRF.

The monk clearly spelled out the pitfalls of being attached to this "dream" we are in.
He pointed out movies as a particular danger for getting "caught up" emotionally and not remaining aloof and detached.

Hey I can dig that!

Now here's the fun part (my smart-ass side)...when the service was over I noticed that a brochure featured an "inspirational movie night" in two nights featuring the life of Yogananda.
I was so tempted to go over to the monk, point to the brochure, and ask him, "Remain detached from every movie including this one?"

Where there are followings you will find "attachment"...just sayin'

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