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Theseus
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Posts posted by Theseus
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8 hours ago, Botzwana said:
He has not pumped the dinar. He never said go buy more. He is trying to be positive. Try it sometime, negative nelly.
I hear MtnGoat, TNTony, and about a dozen more so-called gurus say exactly the same thing.
Are they not positive too?
What do we say about them?
Exactly.
Less zombification and more logical thinking needed.
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3 hours ago, 6ly410 said:
This is so happening right now .. hcl /RV ..just my opinion guys but this sure looks good.. cheers DV
There is hopium and then there is this, You have to pass the draft into law before you can implement the law. Come on use common sense. Which of the four drafts have they passed into law are they implementing? Do tell. They split one of the drafts into three parts and created the new National Oil Company. That they passed and implemented which is all of the drafts. So tell us how they are implementing something they havent even passed into law. The IC says they have spread the sales but they havent even decided that far in advance yet or it would have been shouted across the land. Common sense goes a long way. Hope is a feeling that will not put food on the table. I hope I had a 64 ounce medium rare ribeye steak. Yep still hungry.
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1 hour ago, Synopsis said:
This looks, smells, AND feels like the HCL being IMPLEMENTED!!!
Then you missed the unhighlighted part of the above article. I added the red below. They are throwing out all of the drafts up to this point and starting from scratch on the HCL if they so choose to introduce the new law. This does not smell like they will be implementing the HCL anytime or close to "soon".
Third: Federal oil and gas law
There are at least four drafts of this law, all of which have become outdated and can not be implemented.
Therefore, the next government has two alternatives: either the failure to introduce the law or introduce a new draft law is completely different and radical than any of the old versions of the law.
****If the second alternative is chosen, the 10-year experience with the above four formulas suggests that this requires intensive, complex and long-term efforts and may not work in the end.****
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These 11 people died in the Capitol Building:
1. John Quincy Adams - Collapsed at his desk after voting No in 1848. Died two days later. Soon to be President Abraham Lincoln served as a Pallbearer. Note Adams is one of only two Presidents to return to Congress after serving their presidential term.
2. Morris Michael Edelstein - DIed, June 4, 1941, from a fatal heart attack in the House Cloakroom after giving a speech on the floor. He was Jewish and his final speech was given after an antisemitic speech which accused the International Jewish community of harassing the President into going into WWII.
3. Henry WIlson, November 22, 1875, 18th Vice President and Mass. Senator. IN 1873 Wilson suffered a major stroke. He was able to return to Washington. In November, he found himself paralyzed while taking a bath. He was taken to his office in the Capitol Building where he died days later.
4. John Lenthall - 1882, Was killed during construction. Is said to have cursed the Capital Building and anytime construction is done on the Capital Building the curse is brought up. He was a noted shipbuilder and was working as Clerk of Works to the architect Benjamin Latrobe at the time of his death.
5. Thomas Bouldin - Two-term VA representative died on Feb 11, 1934, after being called back when another HOuse member died. Bouldin spoke a few sentences and then collapsed. He was pronounced dead on the floor.
6. William Preston Taulbee - 2 term KY Rep turned lobbyist was shot by Charles Kincaid on a marble staircase in Feb 1890. Taulbee died 11 days after being shot. Some say his blood stain still exists on the marble staircase.
7. Edward Everett Elsick died in June 1932 after giving a speech. He was a Democrat Rep from TN. His wife replaced him and became TN's first Congresswoman.
8. Unknown Union Soldier - In 1862 the Capitol Building was turned into a Civil War Hospital with 1,000 cots set up in Statuary Hall for Union Soldiers. At least one soldier that died has never left the saying goes.\
9. Augustus Hill Garland - When the Supreme Court was still housed in the Capitol Building, Garland argued a case before the SCOTUS and suffered a stroke. He died in a nearby office a few hours later.
10. & 11 Officer Jacob J. Chestnut and Detective John M. Gibson both died from their gunshot wounds when Russell Eugene Weston Jr. entered the Capitol building and ran towards House Majority Whip Tom DeLay's office. Chestnut was shot when Weston entered the building and Gibson was shot in an exchange of fire with Weston. Weston was injured in the exchange allowing him to be apprehended.
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On 10/12/2018 at 6:22 PM, pokerplayer said:
I stand not behind you, but beside you 100 % on your response and attitude of injustice to women in the ME.
pp
1Don't walk behind me; I may not lead.
Don't walk in front of me; I may not follow.
Just walk beside me and be my friend.
-Albert Camus
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On 10/12/2018 at 8:59 AM, King Bean said:
. Relax, we are at the end of the road (soon) IMO.
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On 10/10/2018 at 7:35 PM, davis411 said:
I called that 800 number before
said hey sexy what’s up
in a mans voice
nightmares ever since
Was her name Peggy?
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Iraq is always behind on payments. Iraq is going to RV on such and such day but it won't take until three months later. Pay your arrears Iraq so I can take my rear on vacation.
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13 hours ago, Rockymtnhi said:
You made me throw up in my mouth after reading what you said. You must not mean that. If I could I would hunt that dog down and put him threw a wood chipper. Slowly.
Then you need to hunt down about 500 million people. What jg1 said is SOP for Sharia law. Case in point, in Africa a pregnant woman had her stoning delayed because she was pregnant and it was determined the unborn baby was innocent. After she gave birth she was stoned. In Iran, women have been stoned and hung. I recall of a woman who was hung from a street lamp post because the judge merely determined she had a "sharp tongue". In the KSA, crucifixion is still practiced. What you and I think is barbaric and to have stopped thousands of years ago is still being practiced in the 21st century. Just think it was not until the 1980's (30 years ago) that the KSA still taught the world was draped by mountains and was flat all because that is what it said in their book. Just remember that according to these people women are property just like a field and are the spoils of war. Just ask Germans and Swiss, women in London etc. about how they are the spoils of an invasion disguised as mass immigration. A woman who commits a crime in which death is prescribed she has lost all semblance of being a woman and human according to this filth. When that happens she can the be raped like a goat and put down afterward. Just ask the Shah of Iran who says its okay to sleep with a youngin at the ripe ole age of 1 year old. Toothpick or toothbrush, my behind!
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6 hours ago, bostonangler said:
Worst record of economic predictions in CNBC history...
B/A
CNBC? Okay, say no more. The parrot is only sleeping. Say no more.
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1 minute ago, bostonangler said:
Sure and it's trading much higher than it was after the Bush experience and his failed fiscal policies. Let's see where it's trading in a year... Trends don't happen in a day... The trends are obvious.
B/A
You just don't get it, do you?, Obummer sucked worst recovery of a prez ever. Trump is winning. Enjoy the ride. The next demoRat prez will come in and be worse than Obummer. The recession of 2000's started with Clinton. Oops did I say that out loud. Yeah Clinton used Social Security funds to drum up phony numbers which Bush Jr. found out by August of his first year. Attention was taken away from that when 9/11 happened. Revisionist history will do you no good.
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3 minutes ago, bostonangler said:
We shall see.... The economy is turning and who will people blame? Obama? The Deep State?
B/A
Yeah they will blame zero for a stagnant economy and Trump for growth and a vibrant economy where all-time job rates are at an all time low and income is rising for the middle class.
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One other thing, @bostonangler the chart you showed, how convenient that it shows Ford trading higher than January's high and still far above where they were five years ago.
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@bostonangler you need to find new sources man. The ones I posted undermine your theory Trump Tariffs are the reason for the job cuts. Bzzzzt! Wrong Answer.
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Job cuts loom over Ford's mysterious 'fitness' plan
Phoebe Wall Howard, Detroit Free PressPublished 6:00 a.m. ET Sept. 6, 2018 | Updated 12:11 p.m. ET Sept. 6, 2018What’s next?
After a year of delays and missteps, Ford Motor Co. employees are warily awaiting details of CEO Jim Hackett’s promised “fitness” plan and whether it means job losses — as investors look for signs of hope.
Does $11 billion planned in "restructuring charges" over three to five years mean thousands of worker buyouts, as suggested by market analysts?
Will the money-losing European division face thousands of job cuts as the Sunday Times of London just reported?
Is default a real risk, after Moody’s Investment Services downgraded the Ford rating to just above junk status last week?
And what about Ford’s continuing struggle in China, the world's largest auto market? Can it ever gain traction?
“The problems for Ford now aren’t financial, they’re strategic,” said Marick Masters, a business professor at Wayne State University.
“The company needs to adjust to an industry changing rapidly, and no one knows where it’s going to end up in 10 to 15 years and who the major players will be. There is concern about whether or not it is being led in the right direction.”
No one knows what to expect from the Dearborn automaker — except its promise of more trucks and SUVs and the probability of significant job cuts with its restructuring.
Jon Gabrielsen, a market economist who advises automakers and auto suppliers, said Ford simply can’t achieve its goals without cutting salaried jobs “quite significantly.”
In recent weeks, Morgan Stanley analyst Adam Jonas projected a 12 percent cut in Ford staff worldwide.
“Ford’s operations need restructuring. We do not see restructuring at Ford as a ‘nice to have’ … but as a crucial step to set the global business on a more balanced footing,” Jonas wrote on Aug. 20.
Bob Shanks, chief financial officer at Ford, declined during an interview Wednesday to comment on the job cuts forecast. He acknowledged that the term restructuring, generally, suggests "workforce reduction and closures."
"We do understand the concerns that they have and that they're expressing. We're not deaf or blind," he told the Free Press. "This is a company that's been successful for quite a long time."
He continued, "A year ago, we started a journey that's going to be a very fundamental redesign of our traditional auto business. It's a huge, huge transformation."
More: Ford recalls 2 million F-150 pickup trucks to fix seat belt defect causing fires
'Isn't what it needs to be'
"We're looking at a major redesign in our business, particularly overseas markets. That performance is not good. After years of hard work, restructuring, new products and changes, it just isn't what it needs to be. Parts of the business are very attractive and profitable, but too much are not. The bottom line is unacceptable."
He acknowledged "frustration" and promised to announce things "along the way."
"We have done enough work that we know the redesign will result in what we call restructuring," Shanks said. "We clearly have not been forthcoming in terms of any specific actions. But we have a very clear idea of where we're heading."
Bob Shanks, executive vice president and chief financial officer, Ford Motor Co. (Photo: Ford, Wieck)
Market analysts are openly annoyed.
“It’s all very vague,” said Ivan Drury, senior analyst for Edmunds. “I mean, last Friday, with no notice, they changed their plans again and just killed the Ford Focus Active. Even if it’s made in China, people want to buy the same car over and over again. Now they can’t.”
He added, “What is the actual path for Ford? It’s hard to see. There are a lot of trees and weeds and they need to take a machete and really clear that path for consumers and investors.”
Read more:
Jonas has been harsh with Hackett publicly, pressing him for details, openly criticizing him for canceling an investor briefing and asking him directly in August whether he would be around to explain details.
Hackett, whom Ford declined to make available for this article, emphatically replied to Jonas that he has no plans to leave.
No one can be sure whether Ford is strong or weak at this point, said Stephanie Brinley, a senior analyst at London-based IHS Markit.
“All the changes with the restructuring aren’t yet clear,” she said. “Some of the changes they’re waiting to implement, others (they) have already done. Volkswagen and General Motors are on their way, and to a lesser degree Toyota. In some respects, Ford is just cleaning up.
“It doesn’t seem like Jim Hackett has been embraced by the community at large as quickly as others," Brinley said. "The jury's still out."
Bet on this management?
Jonas emphasized that Ford’s $11-billion cost projection is “materially larger” than the previous $8.5 billion that analysts expected, and the lack of an investor update “contributed to investor anxiety.”
“Investors need to weigh the risk of betting on management delivering on an unknown plan that may take three to five years to play out … opening up to a range of potentially adverse economic and credit scenarios that could impede execution,” Jonas wrote.
“At this stage, we have assumed a global head-count reduction of approximately 12 percent. Such a magnitude of reduction is not without precedent in the auto industry and is coincidentally in line with market reports in 2017.”
Ford employs about 202,000 people worldwide. Analysts estimate separation costs, also called buyouts, to be roughly $120,000 per employee for Ford. Volkswagen announced its restructure plan two years ago and targeted 30,000 job cuts over five years at about $135,000 per employee, Jonas said.
“Decisive strategic actions and a cessation of negative revisions can improve investor confidence in management,” Jonas wrote in his forecast.
While Fiat Chrysler presented a five-year plan, Ford has been mum.
General Motors has already pulled out of Europe, earning praise for CEO Mary Barra.
About 300 of its top executives gathered last week in Dearborn for a global leadership meeting. The company declined a Free Press request to attend, as the meeting involved proprietary information. Company officials point to their ability to avoid the bankruptcy that befell GM and what then was Chrysler and build a $25-billion cash reserve.
To be sure, Ford is making money, having an earned adjusted pretax profit in 2017 of $8.4 billion. But second quarter 2018 profits were off 50 percent from the year before, and the stock price has been on a downward trend for four years.
Concern is abundant.
“Everybody was shocked when Ford said it was going to spend $11 billion to restructure,” said John McElroy, a longtime observer of the auto industry and host of "Autoline This Week" whose father retired from Ford.
“I think it caught Wall Street by surprise," he said. "Ford previously announced it would go through restructuring as it improves the fitness of the company, but I don’t think anybody expected it was going to cost so much to do it. Those numbers come from having to close down plants and get rid of people. This will be done through buyouts."
Treading water globally
Ford’s problems appear to be growing in Europe, South America and Asia.
“Look, Ford is treading water right now,” McElroy said.
Shanks said Ford will, "at the appropriate time, provide an overall narrative" and offer "proof points" to explain actions designed to improve the company. "It's not all doom and gloom. We're actually making a lot of progress in many parts of the business."
In fact, the company's August 2018 sales were up 4 percent from a year before and the profit-driving F-Series truck line is selling at a record pace for the year.
Academics and industry analysts said that Ford has a reputation for cyclical bad strategy and eventual recovery, but it’s painful to watch.
“Ford goes through these transitions over time. They run into problems and then figure a way out of it, more than other auto companies,” said Robert Wiseman, senior associate dean at the Eli Broad College of Business at Michigan State University. “Will analysts be patient? I’m not sure.”
He bristled when asked whether Ford might cut dividend payments to stockholders, a mechanism that provides a nice return despite a chronically low stock price that pales when compared with General Motors.
“That’s one of the reasons the stock has been worth investing in,” Wiseman said. “I still own General Motors and Ford. GM has done well and Ford is taking a beating. I hope the restructuring will produce savings in the long run.”
The shift from sedan production to trucks is going to cost money, analysts agreed.
“Product is key,” said Dave Sullivan, manager of product analysis at AutoPacific Inc.
“Ford can't cut their products in hopes things will turn around. They have to either have a profitable lineup or pull out. This is especially true in South America. GM couldn't find the magic formula with Opel and made a very bold move. The glory days of diesel in Europe are gone and now Ford looks to be behind on the electrification front in Europe. Ford has gotten rid of Volvo, Jaguar, Land Rover, Mazda and Aston Martin. Is Ford looking to mirror their lineup after Jeep and Ram? Europe is really a tough place ... with some very attractive products with outstanding value.”
While the F-Series truck franchise is a cash cow in North America, Ford lacks any comparable product overseas.
“It's hard to imagine Ford swallowing a pill like pulling out of South America or Europe but, at some point, the question is going to come up," Sullivan said. "Is Ford positioned for the next downturn in these markets?
"I do have hope that Ford and VW will quickly be able to pull something together to share developments costs (as is under discussion), but even then, it's going to be years to see substantial fruit from that. Maybe Ford could help VW with commercial vehicles in the U.S. and VW could help Ford with cars and electrification in Europe. It's not the first time Ford and VW have worked together, but it's something that should have happened eight years ago.”
Read more:
Ford investment rating cut to one notch above junk
Bill Ford on CEO Hackett: 'I love having him here'
International media coverage of Ford’s purchase of the Michigan Central Station has been positive, spotlighting the site as a recruitment tool for top talent in the industry. But observers worry about cash flow.
After nearly a year of waiting for Ford to speak up, one analyst said, “Wall Street patience is hanging by a thread.”
Ford pins all its hopes and dreams to the multibillion-dollar profits of its F-Series pickups.
“But North America can’t hold the water forever,” Sullivan. “The next economic downturn or supplier fire or global incident or trade meltdown could cause something tragic to happen because of the importance of the F-Series. They can’t sell those in Europe, South America or China. So what do you have that makes money in those markets? You can’t just continue in markets for the heck of it.”
Ford lost $73 million in Europe between April and June 2018.
And the sunny forecast for North America is expected to dim.
“Competitors will chip away,” Drury said. “FCA has had production issues with Ram, getting all the engine types available for consumers. But we’re seen on our website that the F-150 consumers are looking at the redesigned 2019 Ram 1500. There’s interest among consumers. In the large truck segment, loyalty is king. And the Chevrolet Silverado is coming, too.”
As the 115-year-old company focuses on electrification and connectivity, it faces uncertain outcomes, said Kristin Dziczek, vice president of the Industry, Labor & Economics Group at the Center for Automotive Research in Ann Arbor. She worried that layoffs could cut too deeply.
“Ford has a lot of bets they’re making,” Dziczek said. “Everyone knows an economic slowdown is coming. A lot of companies are making preparations. I just don’t know how you gut everybody and still get the job done.”
Contact Phoebe Wall Howard: phoward@freepress.com or 313-222-6512. Follow her on Twitter @phoebesaid
This story has been modified to reflect that analyst Adam Jonas projects the bulk of 24,000 Ford global job cuts to be in Europe, not all of them. -
Why Ford Is Making This Huge Strategy Shift
Ford recently announced plans to cut jobs and shift production away from sedans and toward sport utility vehicles and crossovers. The company’s commitment to the working truck, or pickup, market is unwavering. But de-emphasizing sedans—where Ford has had great success with models from Taurus to Fusion to Focus—is a noteworthy shift in strategy.
First and foremost, Ford is responding to evolving consumer tastes and uses. The “family” vehicle needs to fill multiple roles, from commuting to ferrying soccer players to delivering a night on the town. Crossovers and SUVs are better suited to this multi-tasking, with their roomy interiors and flexible seating and storage options.
Ford realizes that the sedan market is flooded with inexpensive imports from Hyundai, Kia, Nissan, and others. European automakers have a lock on the high-end sedan market, and—with the exception of a few vehicles such as the Lincoln MKS—Ford has limited investment in this area. For Ford to compete in the popularly priced sedan space, it needs to produce basic cars that eschew the sophisticated electronic systems that increasingly define the modern driving experience.
It’s chosen to instead include these enhancements in SUVS and crossovers—where consumer demand has been rising. These new vehicles are more fun to drive and in particular safer because of advances in vehicle technology. These enhancements span relatively mature categories such as anti-lock brakes and upgraded on-board computers and navigation systems to advanced driver assist systems, which provide everything from lane warnings to automated braking. New infotainment options turn the vehicle into an Internet hub.The driver of this trend has been an increase in average sticker price. The average U.S. new vehicle price rose from around $31,000 in 2013 to around $35,000 in 2017, according to our propriety research. Growth in the dollar value of vehicle sales amid declining unit sales signals that consumers are willing to pay up for enhanced safety and a better driving experience.
http://fortune.com/2017/05/21/ford-motor-company-layoffs-job-salary-cuts-2017/
NOTE: Yes, they announced this before the Tariffs went into effect. So pluhlease find something better.
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The Ford layoffs have nothing to do with Trump's tariffs. Ford is going through a restructuring by moving production away from sedans to multi-role SUVs and Crossovers. This is related to a couple of factors. 1) The saturation of the market with cheap imported sedans ; 2) The needs of the family to ferry children around to commuting back and forth to work, and 3) the demand for suvs and crossovers has been rising where consumer driveability and safety is at the core for the this rise.
Since Ford is restructuring to meet the needs of the market the layoffs do not appear to be that of the tariffs but a restructuring to meet market demand and consumer needs and wants. @bostonangler had you read a few of the articles you say is everywhere, instead of trying to smear Trump, and conjectured less about the reason you would have found the reason plain as day. Your attempt while valiant is nothing more than fake news.
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26 minutes ago, gregp said:
They keep mentioning metals. Wondering what’s around the corner?
Thanks.
It appears to be just legalese, for now. However,
QuoteThe CBI recently issued its second edition of banknotes of the categories of [25,000, 10,000, 1,000, 500, 250] dinars, indicating that the variables on the above categories were as follows, for categories [25,000, 10,000, 500, 250] ,
If anything removing the zeroes, in addition to the exchange rate, from the denoms noted above would put the currency on par with other countries like the US and European countries with denoms in 25, 10, 1 and metals in 0.50 and 0.25. They did remove the 0.50 coin a couple of years. They do have a 50K denom and I think (can't remember) they scratched the new 100K denom. These would round out the group when the larger denoms were made into smaller denoms. Iraq went to the larger denoms because they needed more currency to conduct business at such a low rate. It would only make logical sense when the zeroes are removed from the exchange rate that lower currencies would be needed as a 25K note would be too much monetarily.
This is not a LOP as they would remove the zeroes from both the exchange rate and the denoms.
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We will see if this budget gets passed by the end of 2018. The way they are dragging their heels they will be lucky to have a fully formed government by November. Pass the budget in a month? More like three to four months.
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12 hours ago, Calijim said:
Well that should be a no brained. Prosperity vs death and destruction 🤪😜🐪🐫
Iraq will have Death and destruction for 1,000, Alex.
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51 minutes ago, NEPatriotsFan1 said:
I’m excited too, and the Redsox are playing the Yankees! This could be a fantastic week!!!
Better to be a yankee than a yanker.
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An intern for Sheila Lee Jackson whom she says she fired after he was accused of doing this.
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Neil Boortz before he retired had a show from Atlanta GA. He was known to talk about flying his plane cross country. Here e used to be on before Rush. He had two sidekicks a man and woman as well as his own website. Not sure if it is still up.
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The President of the Republic and Al-Kaabi agree on the need to set a timetable for the adoption of important laws
in Iraq & Dinar Related News
Posted
In Iraq, it means a holiday follows.