Strategies & Market Trends | The Residential Real Estate Post-Crash Index-MODERATED


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To: Pogeu Mahone who wrote (47380)10/26/2011 1:08:25 PM
From: Broken_Clock3 Recommendations   of 91140
 
I did not know there was such a push to bring jobs back to the US...
...where there's a will, there's a way:

Of course, wholesale privatization is only one prong of the fork that sweetheart dealers have plunged into that juicy prison pork. As Global Research reports, major corporations have moved into state prisons as well, tying their own profits – and increasing proportions of the American economy – to the need for an endless, expanding supply of convict labor:

Who is investing? At least 37 states have legalized the contracting of prison labor by private corporations that mount their operations inside state prisons. The list of such companies contains the cream of U.S. corporate society: IBM, Boeing, Motorola, Microsoft, AT&T, Wireless, Texas Instrument, Dell, Compaq, Honeywell, Hewlett-Packard, Nortel, Lucent Technologies, 3Com, Intel, Northern Telecom, TWA, Nordstrom’s, Revlon, Macy’s, Pierre Cardin, Target Stores, and many more. All of these businesses are excited about the economic boom generation by prison labor. Just between 1980 and 1994, profits went up from $392 million to $1.31 billion. Inmates in state penitentiaries generally receive the minimum wage for their work, but not all; in Colorado, they get about $2 per hour, well under the minimum. And in privately-run prisons, they receive as little as 17 cents per hour for a maximum of six hours a day, the equivalent of $20 per month. The highest-paying private prison is CCA in Tennessee, where prisoners receive 50 cents per hour for what they call "highly skilled positions." At those rates, it is no surprise that inmates find the pay in federal prisons to be very generous. There, they can earn $1.25 an hour and work eight hours a day, and sometimes overtime. They can send home $200-$300 per month.

Thanks to prison labor, the United States is once again an attractive location for investment in work that was designed for Third World labor markets. A company that operated a maquiladora (assembly plant in Mexico near the border) closed down its operations there and relocated to San Quentin State Prison in California. In Texas, a factory fired its 150 workers and contracted the services of prisoner-workers from the private Lockhart Texas prison, where circuit boards are assembled for companies like IBM and Compaq.

[Former] Oregon State Representative Kevin Mannix recently urged Nike to cut its production in Indonesia and bring it to his state, telling the shoe manufacturer that "there won’t be any transportation costs; we’re offering you competitive prison labor (here)."

There’s a real stimulus plan for you! There’s a way to bring the big manufacturers back to America’s shores. Forget targeting their tax havens and tax dodges: give ‘em cheap, captive labor, and they’ll come running.


Unguarded Guardians: The Rampant Abuses of our Prison Profiteers

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To: Mike Johnston who wrote (47390)10/26/2011 1:23:03 PM
From: saveslivesbyday4 Recommendations   of 91140
 
Solar Flares = Electrical Grid Down = Markets Closed = Pandemonium

You can only predict so much -g-

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To: Broken_Clock who wrote (47391)10/26/2011 1:24:25 PM
From: Jim McMannis1 Recommendation   of 91140
 
The Unions will try and organize them? Or will they try to not let it happen? Stay tooned.

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To: Broken_Clock who wrote (47391)10/26/2011 1:29:58 PM
From: John Chen   of 91140
 
" I did not know there was such a push to bring jobs back to the US "

Election coming, mind you.

We're on PROMISE period, or schedule.

Awesome.

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From: saveslivesbyday10/26/2011 1:37:22 PM
   of 91140
 
Re: MF Global = too much leverage. Who let them do that anyway?
And - is this just "one cockroach?"

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From: Smiling Bob10/26/2011 1:45:59 PM
   of 91140
 
WOW
we shoot up 100 points because a meeting has begun?
They're really getting desperate for excuses to crank on the machines.
Or probably more like cover
Kind of like calling in a fake 9-11 call to divert attention away from your crime


9

1:37p
Financial stocks rise as EU summit begins

1:36p
U.S. stocks revive some; Dow up 74 points

1:27p
Gold gains as euro-zone summit outcome awaited

1:25p
U.S. stocks on shaky ground with eye on Europe

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To: Smiling Bob who wrote (47396)10/26/2011 1:47:03 PM
From: Riechers   of 91140
 
Fade the potty breaks.

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To: Smiling Bob who wrote (47396)10/26/2011 1:48:09 PM
From: Travis_Bickle   of 91140
 
They keep switching the machine on but then it sputters and fades ... for a minute there it looked like the miners were going to get some giddy up

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To: Broken_Clock who wrote (47391)10/26/2011 1:54:37 PM
From: bentway4 Recommendations   of 91140
 
Just listening to Glen Greenwald describe our two tier system of justice on the radio. We have a system where the elites are largely indemnified from criminal prosecution, while the 99% are incarcerated at an ever increasing rate.

Unbelievably, the US has 25% of ALL incarcerated people in the entire world! Greenwald tracks it back to Richard Nixon, who ran on a strong "law 'n order" platform, committed high crimes and misdemeanors while in office, resigned in disgrace, appointed a pardoner and paid NO price.

What we live under now, and for the most part accept passively, is a sort of fascistic neo-feudalism.

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From: bentway10/26/2011 1:57:58 PM
6 Recommendations   of 91140
 
The Quiet Coup

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

By SIMON JOHNSON

theatlantic.com 

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