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Author Topic: Greedy Corporation Tricks: What Are The Methods Used To Rip Off The 99%? Back to Topics
SemiSteve

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Tampa

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Message Posted: Feb 24, 2014 6:53:36 PM


Post all the ways used by big corporations and the 1% to rip off the rest.

Everything from making products more chincy, failing to stand behind them, deceptive packaging and ads, squeezing ever more out of workers while giving them less and less for their efforts, avoiding costs to properly dispose of polluting by-products, out-and-out fraud, to manipulating the government for profit: (ie: ripping off the taxpayers), etc, etc, etc.

This should be informative and enlightening....

[Edited by: SemiSteve at 2/24/2014 6:54:35 PM EST]
REPLIES (newest first) Post a Reply
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 22, 2014 12:57:01 PM

Fly, it sounds to me like you have repeated a conservative myth so much you think it is a fact.

I don't believe you.

I bet there were people who paid the full 90% tax.

That is what I am going to believe unless you can show some definitive proof that loop holes made it so easy to get out of paying that not one single person paid the entire tax. Remember you said:

"I repeat NO ONE actually paid 90% taxes."

Prove it.
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MarkJames
Champion Author Albany

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Message Posted: Jul 22, 2014 12:48:25 PM

<<squeezing ever more out of workers while giving them less and less for their efforts>>

Yesterday I was almost ripped off by 3 incompetent cashiers that overcharged me - 3 double scans and 3 incorrect entries.

Two also attempted to place bloody meat in bags with my dry goods.

Many businesses aren't demanding enough performance from workers.
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flyboyUT
Champion Author Utah

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Message Posted: Jul 22, 2014 12:05:01 PM

Steve there is a rather huge difference between the tax rates and what people actually pay. Saying that people used to be taxed at 90% is silly because no one paid those rates. Given all the ways to reduce taxes and dodge them no one - I repeat NO ONE actually paid 90% taxes.

You really need to look at what income percentile or different measure actually pays. Dont look at rates - look at actual income and actual payments.

The word fair should stand for equal treatment. As presently used by progressives it means ever higher rates/payments on some people and not others. That is not fair at all. A "fair" tax rate is everyone pays the exact same rate on any income regardless of source.

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SemiSteve
Champion Author Tampa

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Message Posted: Jul 22, 2014 11:56:02 AM

Excellent example, I75.

At some point all they are doing is creating new structures solely designed to avoid paying taxes, with no other benefit to society.

From your link:

" Regulators should also intensify scrutiny and take legal action against banks involved with abusive tax structures, the report said. "

Ya think?

[Edited by: SemiSteve at 7/22/2014 11:57:32 AM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Jul 22, 2014 11:07:37 AM

How about hedge funds that avoid $6 Billion in taxes?
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 21, 2014 5:53:19 PM

fly: "the folks who have the highest incomes pay a hugely disproportionate share of the taxes now. "

--And those same folks are STILL able to increase their wealth at an even higher disproportionate rate than the rest. They also did this when their income taxes were 90%.

AC: "even if we taxed the "1% ers" at a rate of 100% of their earnings, we still wouldn't have enough to balance our fool US budget."

--If you are figuring the revenue for one year and expecting to wipe out debt accrued over many decades of course there will be insufficient funds. Certainly the differential will be far less if the robber barons are taxed more. But don't assume I claim this alone will solve the issue. Recall that I also said stop paying the poor to have more poor.

While you are at it, legalize and tax cannabis, stop locking people up for possession, stop mandatory sentencing, stop rewarding bigoted DA's with greater funding because they are prosecuting more blacks, stop prisons-for-profit, and get the big money out of politics by reversing 'Citizens United.' Raise the minimum wage, too. End wars for profit. Address the MIC.
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AC-302
Champion Author Los Angeles

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Message Posted: Jul 20, 2014 12:07:18 AM

SemiSteve complained: "And I keep saying we would have plenty of money if we tax the robber barrons and quit paying the poor to have more poor."

--Steve, even if we taxed the "1% ers" at a rate of 100% of their earnings, we still wouldn't have enough to balance our fool US budget. Think about that - taxing the "rich buggers" at 100%! Do you get that, or not? Look it up if you don't believe me, and I would expect you NOT to believe this stat.

Couple that with the fact that 47% of people who earn income end up paying no tax, or effectively no tax, then what this tells me is that we need to collect at least some money from the poorer classes. Maybe not from the bottom quintile, but certainly from the 3rd and 4th quintile.

When I see that the top 5% of earners make about 17% of the income in America, but pay like 34% of the personal income taxes, what that tells me is that those upper classes are getting "ripped off". Check out income quintiles on any of a number of taxpayer websites, or even the GAO website.

I agree we need to cut off the poor and put forth policies that give a DISADVANTAGE to 1) not working or going to school and 2) having more kids in poverty, particularly if they're out of wedlock. I'm all for someone having kids if they want them - it's your right. But don't expect "We the People" to pay for that poor choice. Pay for your own family with your own money, not with mine.
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SE3.5
Champion Author Indianapolis

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Message Posted: Jul 19, 2014 7:14:52 PM

Another dirty corporate trick:

The deli counter at my local supermarket chain had a sign that said, "One entree plus two sides for $5.99". I picked a Jamaican Jerk pork chop ($8.99), Asian power salad ($7.99), and Tomato mozzarella salad ($6.99). I was charged $6.17 at the register. Ripped me off for 18 cents.

OOPS, it was the state that ripped me off for 18 cents of sales tax. <<laughing>>

My personal observations indicate that "greedy people" are more likely to get ripped off than others.
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MahopacJack
Champion Author New York

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Message Posted: Jul 19, 2014 3:57:10 PM

Steve,

In response to your, " "No Debate" Sounds like something I'd be interested in learning more about. Dpn't feel like taking on reading a book just now, as I'm quite committed on several fronts, but would love to hear more of what you've learned from that book."

I sincerely hope you and others will find this enlightening as did I.

-MJ

~
From Amazon.com's synopsis of George Farah's, "No Debate"

"Broadcast to tens of millions of Americans, the presidential debates are the Super Bowl of politics. A good performance before the cameras can vault a contender to the front of the pack, while a gaffe spells national embarrassment and can savage a candidacy. The slim margin for error has led the two major parties to seek—and achieve, under the aegis of the bipartisan Commission on Presidential Debates—tight control through scripting, severe time limits, and the exclusion of third-party candidates. In No Debate, author and lobbyist George Farah argues that these staged recitations make a mockery of free and fair presidential elections.

With urgency and clarity, this book reviews the history of presidential debates, the impact of the debates since the advent of television, the role of the League of Women Voters, the antidemocratic activity of the CPD, and the specific ways that the Republicans and Democrats collude to remove all spontaneity from the debates themselves. The author presents the complete text of a previously unreleased secret document between the Republicans and Democrats that reveals the degree to which the two parties—not the CPD—dictate the terms of the debates. In the final chapter, Farah lays out a compelling strategy for restoring the presidential debates as a nonpartisan, unscripted, public events that help citizens—not corporations or campaign managers—decide who is going to run the White House."

There were a total of 7 reviews of which 6 rated it '5 Stars' and one rated it '4 Stars.'
~
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flyboyUT
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Message Posted: Jul 19, 2014 10:02:19 AM

Steve - and over and over and over it has been shown that the folks who have the highest incomes pay a hugely disproportionate share of the taxes now.

Similarly it has been shown that they do reach a point where they will take steps to reduce the taxes they pay. None of these steps are good for us as a whole.

What is so hard for you to accept about these known facts????

We dont have a tax/income problem - we have a spending problem!
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 19, 2014 8:41:39 AM

And I keep saying we would have plenty of money if we tax the robber barrons and quit paying the poor to have more poor.
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AC-302
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Message Posted: Jul 18, 2014 8:34:02 PM

Flyboy said: "TANSTAAFL people - sooner or later you cant keep on spending money you dont have. It doesnt matter if its a 16 year old at the mall or the Federal Govt. The only real difference is the severity of the consequences."

--Amen, bro! I keep saying the same thing, to the libs here, including our friend SemiSteve. CONSIDER THE FINANCIAL DIMENSION of the policies you espouse. And by the way - if you consider the financial dimension of any issue, you can pretty much figure out where this Libertarian will come down on the issue.
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 18, 2014 8:06:39 AM

"No Debate" Sounds like something I'd be interested in learning more about. Dpn't feel like taking on reading a book just now, as I'm quite committed on several fronts, but would love to hear more of what you've learned from that book.

I find it terribly frustrating that:

a) Big business purposely supports both parties so it doesn't matter which one wins, big business gets their way.

and

b) Both parties have this detente over the debate / election system which effectively locks out third party rise.

and

c) The commercial media is complicit in this by ignoring the voices of third party initiatives.

This three ring circus ensures that we are perpetually being made fools of by a bunch of clowns!
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MahopacJack
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Message Posted: Jul 17, 2014 10:35:49 PM

Steve, >>You do realize that part of the system includes paying off, er I mean, making campaign contributions to most prominent members of congress in both parties?

That's how they get away with this corruption.

They don't pick parties.<<

~

It's only a small part but you are correct. They don't have to pick a party because our choices are PURPOSeLY LIMITED TO JUST TWO. AMy source for this is a book entitled, "No Debate."

~
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 17, 2014 6:25:23 PM

You do realize that part of the system includes paying off, er I mean, making campaign contributions to most prominent members of congress in both parties?

That's how they get away with this corruption.

They don't pick parties.
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MahopacJack
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Message Posted: Jul 17, 2014 11:19:07 AM

SemiSteve, >>Tell me this. Do you really think anybody would be held accountable if McCain or Romney were Prez?

This baloney has been going on since Reagan.<<

~

If a Republican appointed Attorney General did what Holder has done I would say most definitely. Some Republicans might conclude its just business as usual, but there would be some that would be outraged. Along with them, all Democrats in Congress, the media and of course the public would be protesting the AG's actions and demanding impeachment.

The same for McCaine. Need proof? Take a look at the left's reaction to to Bush when they found out Powell knew the weapons of mass destruction were either a fabrication or had been moved when he presented the case at the UN for the invasion of Iraq.

I firmly believe the epicenter of the blatant corruption lies with the Progressive Movement which, in my opinion, is just a means to enslave uncaring individuals. I do admit though, as long as there is politics involved we will always have to deal with corruption. It just that it has reached absurd levels.

~
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 16, 2014 7:17:50 PM

Glad to see so many are in agreement.

MJack, yes I am well aware of how tight wall street is with Obama. Wall street is tight with leaders of both major parties. Recall this whole thing began while Bush was Pres.

Tell me this. Do you really think anybody would be held accountable if McCain or Romney were Prez?

This baloney has been going on since Reagan.
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MahopacJack
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Message Posted: Jul 16, 2014 3:46:25 PM

SemiSteve,

I know you must be busy otherwise you would have responded to my asking, " But, have done any research on what political party these miscreants belong to ?"

Here'e a little help for you in case you don't know which of the political big whigs that have hurt the middle class and were subsequently rewarded by the Administration.

Again, I couldn't agree with you more on this one but when are you going to stop supporting the people you're complaining about?

~


[Edited by: MahopacJack at 7/16/2014 3:48:39 PM EST]
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flyboyUT
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Message Posted: Jul 16, 2014 12:06:33 PM

This puts the rest of things into better perspective....
.
.
>>>The years between 2009 and 2012 saw the largest recorded federal government deficits since 1946, based on percentage of the economy. And although the White House also reported that the deficit this year is the lowest of the Obama administration, there is little reason for celebration.

Currently, the amount of federal debt is exactly 74 percent of the economy, and if measures aren’t taken to reign in the deficits, the CBO projects that by 2039 the U.S. will see a debt to GDP ratio of 106 percent. According to the CBO, the rate of debt growth is expanding at an undeniably unsustainable rate.

“Budget deficits are projected to rise steadily and, by 2039, to push federal debt held by the public up to a percentage of GDP seen only once before in U.S. history [just after World War II],” the report states.

“How long the nation could sustain such growth in federal debt is impossible to predict with any confidence. At some point, investors would begin to doubt the government’s willingness or ability to pay its debt obligations, which would require the government to pay much higher interest costs to borrow money. Such a fiscal crisis would present policymakers with extremely difficult choices and would probably have a substantial negative impact on the country,” the report continues.<<<

TANSTAAFL people - sooner or later you cant keep on spending money you dont have. It doesnt matter if its a 16 year old at the mall or the Federal Govt. The only real difference is the severity of the consequences.

.
.

The absolute greediest corporation in the world today is the US Federal Govt. .
.
.
.
.



[Edited by: flyboyUT at 7/16/2014 12:07:28 PM EST]
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MahopacJack
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Message Posted: Jul 16, 2014 10:38:22 AM

SemiSteve, >>Citibank is fined $7B for it's part in the great recession.

What a freaking joke.

They pocketed hundreds of billions as the lives of millions were devastated by staggering losses.

Nobody in the upper echelon of Citibank was personally fined or went to prison.

Their executives were instead lavished with fat bonuses and raises.

This is the most flagrant example of how the greedy biggest corporations rip off the 99%.<<

~

I couldn't agree with you more. But, have done any research on what political party these miscreants belong to ?
And what political party they made and are CONTINUING TO MAKE HUGE POLITICAL DONATIONS to?

~
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SE3.5
Champion Author Indianapolis

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Message Posted: Jul 16, 2014 9:44:25 AM

I think that fining corporations is all horsepucky to begin with. Just a way for the government to put cash in the treasury. DOJ needs to go after executives who make illegal decisions, fine them, and jail them, INCLUDING those with political ties. You know "equal justice".

[Edited by: SE3.5 at 7/16/2014 9:44:57 AM EST]
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SE3.5
Champion Author Indianapolis

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Message Posted: Jul 16, 2014 9:28:47 AM

"The message is that anyone who does this crime will make money and face no punishment."

Like the folks in charge of FannieMae and FreddyMac?
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 16, 2014 9:00:08 AM

This fine is a drop in the bucket for them. It is treated as merely 'the cost of doing business'. They are still profitable during the QUARTER in which they are paying this. It is an insult. No apologies. The official statement is they can now 'put this behind them and look forward.'

I find that infuriatingly aloof.

The message is that anyone who does this crime will make money and face no punishment.
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SE3.5
Champion Author Indianapolis

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Message Posted: Jul 16, 2014 8:58:02 AM

"Their executives were instead lavished with fat bonuses and raises."

Like FannieMae and FreddyMac?
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 16, 2014 8:52:48 AM

Citibank is fined $7B for it's part in the great recession.

What a freaking joke.

They pocketed hundreds of billions as the lives of millions were devastated by staggering losses.

Nobody in the upper echelon of Citibank was personally fined or went to prison.

Their executives were instead lavished with fat bonuses and raises.

This is the most flagrant example of how the greedy biggest corporations rip off the 99%.

No wonder there is such animosity toward the 1%.
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MarkJames
Champion Author Albany

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Message Posted: Jul 15, 2014 7:05:25 AM

The only markets where landline phone price is justified are markets without cell service, spotty cell service or without broadband based phone options.

One of my tenants that works for the phone company jokes that their only phone customers are businesses and seniors.

Talk about a ripoff, I used to pay 25 cents per minute intrastate long distance rates to call employees, customers, tenants, friends and family that lived within minutes of my homes and businesses.

That said, I still have several traditional landline phones at my businesses due to reliability issues with local broadband, power outages etc.

One missed call could cost me tens of thousands of dollars.

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ldheinz
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Message Posted: Jul 14, 2014 12:59:41 PM

Since Magic Jack can provide unlimited local and long distance (US and Canada) for $20/year, how can the local phone companies justify their price?

You can also get Vonage Mobile or Magic Jack mobile and use Wifi to make calls from you cell phone free of charge.
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ldheinz
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Message Posted: Jul 14, 2014 12:57:24 PM

Streaming Netflix takes care of my movie and TV show needs for $8.99/month.
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 14, 2014 9:22:40 AM

I noticed the same effect. Cable gone, TV off more, power bill down, reading up, family interaction and functionality up, life more rewarding.

We are building a fabulous DVD collection and found that local libraries have an impressive choice of free viewing materials from movies to TV series and educational.
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MarkJames
Champion Author Albany

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Message Posted: Jul 14, 2014 9:13:26 AM

When I dropped cable my electric bills dropped substantially as well. Without 24/7/365 content my televisions are only on for movies, then switched off.

Cable and televisions in bedrooms have been bad news for the love lives of many as well...
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 14, 2014 8:38:25 AM

It is true. Cable is a major greedy corporation rip-off. I remember when it was first introduced. They said the reason we should pay for something we already got for free was that you would get all this commercial free programming. Then that went away and they began charging extra fees for that. And they called it premium. What a crock. Total rip off. It was such a pleasure to fire them. What a feeling of freedom and independence to be rid of them. Good greif they already get way too much just for a cell phone.
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MarkJames
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Message Posted: Jul 14, 2014 7:25:09 AM

I consider cable television to be a rip-off since I can't pick and choose the channels I want on a per channel cost basis, plus I'm paying to watch advertising.

Imagine if you went to the store to buy a pound of hamburger and they told you you'd also have to buy 3 pounds of hot dogs, 3 pounds of sausage and 5 pounds of bologna, then you'd have to watch several minutes of commercials before you could cash out...
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MarkJames
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Message Posted: Jul 14, 2014 7:24:20 AM

More and more are dropping home based internet as well. They get internet via cell phone data plans, free WiFi, hopping unsecured APs, or share APs with neighbors.

Many stream and download television and movies via free, leeched or shared WiFi as well.
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ldheinz
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Message Posted: Jul 14, 2014 5:36:39 AM

More and more people are dropping cable TV and switching to TV over the internet.
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SemiSteve
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Message Posted: Jul 13, 2014 12:36:06 PM

I just took a fraction of the money I might have paid for cable and got some DVDs at the bargain bin. The ones we like go in the collection. The rest get donated to community radio WMNF 88.5FM; with free no-commercials playable archives at a click...
Blues programs, bluegrass, folk, 60's, Hippie, Reggae, Women's, rockabilly, Latin jazz, Caribbean, much more...

[Edited by: SemiSteve at 7/13/2014 12:40:18 PM EST]
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MarkJames
Champion Author Albany

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Message Posted: Jul 13, 2014 9:50:09 AM

After eliminating cable at dozens of rentals, plus numerous homes, camps and businesses I saved tens of thousands of dollars annually.

I dropped cable when my standard cable bill (70 channels) increased to around $70.

I tried to negotiate a deal due to the number of accounts, however customer retention couldn't, or wouldn't do much for me. You'd think long term customers with literally dozens of accounts would deserve a break.

After dropping cable, plus home phone and/or internet at many locations I was bombarded with offers, none of which I'm interested in.

Most deals are for bundled packages, however I'm only interested in standalone internet, not television, phone or any other unnecessary bs.

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ldheinz
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Message Posted: Jul 12, 2014 5:53:22 PM

I pay $25/month from Virgin Mobile for 300 minutes, unlimited text and unlimited internet. No contract.
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SemiSteve
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Message Posted: Jul 12, 2014 11:36:05 AM

Verizon is relentless in their marketing to get me to sign up for FiOS. Emails, flyers, mailings are constant. They think I'll pay $100 a month for something unneccesary I decided I could live without a long time ago. They can't stand it that I fired them for charging too much for glorified cable. I might pay $10 to even $15 a month for it (and they would still profit from that much) but they are too greedy to accept what they could get put of me.

So they get nothing and I get many channels of perfect picture digital broadcast.
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SE3.5
Champion Author Indianapolis

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Message Posted: Jul 11, 2014 1:40:08 PM

That nasty ATT called me. Offered to give me fiber optic phone and internet service, double my broadband speed, and cut my bill in half for one year, after which it would return to my current cost. No contract required. Of course I told them, "what a ripoff" and hung up. <<rimshot>>
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ldheinz
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Message Posted: Jul 11, 2014 1:37:31 PM

While it's true that furnace filters rarely meet HEPA standards, it's also true that homeowners don't need to filter to HEPA standards. Furnace filters are available to filter out pet dander, pollen, mold spores, dust mites, humidifier dust, and much more. We simply don't need to filter to clean room standards, as our homes just aren't that clean.
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ldheinz
Champion Author Chicago

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Message Posted: Jul 11, 2014 12:36:26 PM

A fan runs all the time, and you can filter extra well in one room, like your bedroom. And there are different grades of furnace filter, so just get a good one.
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 11, 2014 12:29:07 PM

Yeah, I didn't get that. How does taping an expensive filter to a cheap fan ave you anything over replacing the same expensive filter in the air handler?
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AC-302
Champion Author Los Angeles

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Message Posted: Jul 11, 2014 12:07:58 AM

"normal" furnace filters aren't HEPA.
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ldheinz
Champion Author Chicago

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Message Posted: Jul 10, 2014 11:05:12 AM

Another cheap solution:

Those HEPA filters are outrageously expensive, but you can make a high capacity one really cheaply. Just get a high quality 20"x20" furnace filter and tape it to a cheap 20" box fan using duct tape or packing tape. It's not pretty, but it works great for a nice price.

Also, Arizona State University is definitely not owned by Corinthian.
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 10, 2014 9:52:49 AM

"Corinthian Colleges, which operates Everest Colleges, is one of several for-profit education companies nationwide facing allegations of preying on low-income students and falsifying job-placement rates, among other concerns. Corinthian is being investigated by the Washington Attorney General’s office, as well as attorneys general in 12 other states, according to federal securities filings."

"Corinthian has been accused by federal and state investigators of preying on low-income students, falsifying job-placement rates to entice students to enroll and leaving too many students with crippling debt and few useful job credentials."

"Nationwide, students at for-profit colleges make up 13 percent of college students, but they account for 31 percent of student loans and about half of loan defaults."

"The three-year student-loan-default rate at Everest’s Washington campuses ranged from a high of 37?percent at the Renton campus to a low of 21 percent at the Seattle campus.

A high student-loan-default rate is considered a sign that a school is not training its students for jobs that allow them to make enough to repay their loans.

Between 2011 and 2014, 62 to 67 percent of Everest College-Renton’s graduates were employed, according to numbers gathered by WSAC."

Preying On Low-Income Students For Profit By Soaking Taxpayers
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 7, 2014 1:21:46 PM

Yeah, you forgot the "<rimshot>"...
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SE3.5
Champion Author Indianapolis

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Message Posted: Jul 7, 2014 12:16:40 PM

"That does not seem like a rip-off to me, SE3.5."

Sorry, I forgot to use my sarcasm font.
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SemiSteve
Champion Author Tampa

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Message Posted: Jul 7, 2014 11:10:47 AM

That does not seem like a rip-off to me, SE3.5.
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MarkJames
Champion Author Albany

Posts:2,434
Points:41,420
Joined:Feb 2008
Message Posted: Jul 7, 2014 10:25:14 AM

Speaking of using cell phones on the job, when I was at a public beach recently I had to stop 3 boys from harassing a young girl and holding her head underwater since two lifeguards were on their cell phones, one taking pictures of 2 people they buried in the sand.

I was also responsible for getting them fired.

The woman babysitting the girl and her 2 sisters gets paid by $18 per hour by DSS to watch the girls, however she was too busy on her tablet to pay attention.

I reported her to DSS and the girls mother.

I've fired literally dozens of workers for using cell phones on the clock.

Young workers are big time slackers from my experience.



[Edited by: MarkJames at 7/7/2014 10:26:28 AM EST]
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SE3.5
Champion Author Indianapolis

Posts:22,070
Points:3,614,940
Joined:May 2004
Message Posted: Jul 7, 2014 9:35:42 AM

They make rules forbidding personal emails, face booking, instagraming, playing games, viewing porn, etc., on company equipment and/or company time.
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