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Massive layoffs rumored for Qualcomm
I think overall that free market capitalism, despite it's flaws, works better than other economic systems which have been tried. But I think the free market capitalism needs to be reigned in by regulation in a lot of ways - for example setting reasonable minimum pay and working conditions,reducing environment damage, etc. Basically I think the free market works well IF the government lets the free market do things that it does which are good for society BUT limits the things the free market does which are bad for society. The government, should put checks and balances on the securities markets, and businesses to limit unfair and destructive practices. But I think the way that government, securities markets, and business work together now has gotten dangerously unstable. I think rather than trying to limit business and the markets from doing things which harm society - over the past few decades the government has jumped on the "next quarter's results are all I care about" bandwagon with big business and big finance. We are drifting into becoming a plutocracy - if not there already.— July 20, 2015 5:06 p.m.
Massive layoffs rumored for Qualcomm
BTW of GOP Senators Orrin Hatch (R) is a big pro-H1B guy. Grassley (R) and Sessions (R) of the Senate's judiciary committee want to place limits on the H1B's but it's a difficult fight.— July 20, 2015 3:49 p.m.
Massive layoffs rumored for Qualcomm
Yeah, I guess in practice every time I really think these things out I come to the conclusion that the only way to prevent H1B workers from lowering American wages and/or increasing American unemployment is to reduce the number of H1B's. Anything you do to protect American workers could potentially also be construed as discriminating against foreign workers and may have it's own set of legal problems.— July 20, 2015 3:45 p.m.
Massive layoffs rumored for Qualcomm
I think a reasonable rule might be that if a company lays off more than 100 people, or more than 10% of their staff (whichever is smaller) then that company shouldn't be allowed to have any H1-B hires for a period of 12 months. I don't know if any such rules are on the books. Don't have a big layoff then turn around and say you're desperate to hire people.— July 20, 2015 1:15 p.m.
Massive layoffs rumored for Qualcomm
The investment philosophy of buying a stock because the company has good fundamentals and is well run seems to have changed as well. Now, the investment philosophy seems much more short-term. Jana's philosophy seems to be that they can get some short term price spike by dismantling QCOM - probably with little regard for the long-term success of QCOM.— July 20, 2015 1:02 p.m.
Massive layoffs rumored for Qualcomm
I've heard as a rule-of-thumb it costs a company about $250K / person / yr for engineering staff (salary + benefits + taxes + office space, CAD software, IT suport, etc). So Mollenkopf + Jacob's combined compensation alone would work out to what it costs to keep almost 500 engineers. Certainly a lot fewer than the 4000 rumored to be getting layed off but a significant number nonetheless.— July 20, 2015 11:06 a.m.
Fate of Chargers predicted
Wouldn't it be funny if the Chargers have to play another year or 2 at QCOM stadium AFTER the deal to move to LA is finalized? AWKWARD I'm sure if the price is right one of the stadiums in L.A. will suddenly become available. My guess is that the Coliseum and Dodger Stadium will eventually agree to split the games.— July 17, 2015 9:16 a.m.
Fate of Chargers predicted
I would think the Rose Bowl is probably the top candidate for a temporary home for the L.A. Chargers / Rams / Raiders. The Colosseum and Dodger Stadium have also been mentioned. I don't think they can play football at Angel Stadium anymore.— July 16, 2015 10:43 p.m.
Showered with nothing
Next time I go to the beach I'm going to go into the bathroom and flush of the toilets an extra time in protest.— July 16, 2015 10:28 p.m.
Showered with nothing
This is idiodic. Just to put this in perspective, the showers use about 18 million gallons of water annually. The state of California uses about 13 TRILLION gallons of water annually. If the state had any common sense they would focus the efforts on the water shortage in ways which maximize savings but minimize impact.— July 16, 2015 10:27 p.m.