10_stone_5's Page

More from 10_stone_5

Forum Posts

Comments

Posted on: Fudging stimulus job reports
at 11/18/2009 12:56pm

A FICA tax holiday was proposed by economists across the spectrum -- from the far right to the far left.
The reasoning ... more(+)

R1 wrote:My understanding was that the House had actually preferred more infrastructure spending.
That would have been better for the job situation.

A FICA tax holiday was proposed by economists across the spectrum -- from the far right to the far left.
The reasoning being that it is revenue neutral, but still puts money back in the hands of those, businesses, individuals, who could use it right now. close(-)

Posted on: Fudging stimulus job reports
at 11/18/2009 12:49pm

. more(+)

baulten wrote:I often wonder what the medical situation could be today if healthcare reform had passed back then (or one of the two? times before). Maybe the current exponentially rising costs could have been averted earlier.

But Americans are good at putting things off as long as possible. Why do today what we could put off till tomorrow?

Actually attempts to rein in health care costs go back to at least the early 80s with the concept of Diagnosis Related Groupings (DRG). close(-)

Posted on: Fudging stimulus job reports
at 11/17/2009 12:26pm

What's interesting about all the discussion of the 787B stimulus is how little attention is paid to what is actually in ... more(+)

What's interesting about all the discussion of the 787B stimulus is how little attention is paid to what is actually in the stimulus package, and how little is actually "stimulus" type funding.

A large part of that money was short-term - to extend unemployment and to extend Cobra. Also the feds spent a lot of that money to shore up things like Medicaid reimbursements.

But what is really interesting is how much political capital was expended in trying to make the case that the main trigger to turning around the economy was in addressing health care. It is interesting in that I've yet to read in any economic book where health care costs are a "leading indicator" of economic wellness. Nobody had ever written that until now. close(-)

Posted on: GM repaying US/Canadian loans....
at 11/16/2009 6:49pm

"New GM is expected to have the following capitalization after consummation of the 363 Sale:
Common equity The ... more(+)

R1 wrote:How did they treat the 42B?

Ya got me. I can't figure it out.

"New GM is expected to have the following capitalization after consummation of the 363 Sale:
Common equity The outstanding common stock of New GM (without giving effect to the warrants described below) would be allocated as follows:
• 60.8% (304,131,356 shares) to the U.S. Treasury
• 11.7% (58,368,644 shares) to the Canadian and Ontario governments (collectively)
• 17.5% (87,500,000 shares) to new Voluntary Employee Beneficiary Association (“New VEBA”) to be established by the United Auto Workers
• 10% (50,000,000 shares) to Old GM
Warrants Warrant 1 issued to Old GM
• Warrant to acquire 45,454,545 newly issued shares of New GM common stock, exercisable at any time prior to the seventh anniversary of issuance, with an exercise price set at $30.00 per share
Warrant 2 issued to Old GM
• Warrant to acquire 45,454,545 newly issued shares of New GM common stock, exercisable at any time prior to the tenth anniversary of issuance, with an exercise price set at $55.00 per share
Warrant issued to New VEBA
• Warrant to acquire 15,151,515 newly issued shares of New GM common stock, exercisable at any time prior to December 31, 2015, with an exercise price set at $126.92 per share
Debt Approximately $17.3 billion estimated total consolidated debt (excluding debt related to GM’s automotive supplier financing program and warranty program), including approximately:
• $6.7 billion owed to the U.S. Treasury
• $1.3 billion owed to the Canadian and Ontario governments (collectively)
• $2.5 billion owed to New VEBA
• $6.8 billion of other, primarily international debt, but excluding Europe
Perpetual
preferred stock $9.0 billion cumulative perpetual preferred stock with a 9% dividend per annum, consisting of:
• $2.1 billion issued to the U.S. Treasury
• $0.4 billion issued to the Canadian and Ontario governments (collectively)
• $6.5 billion issued to New VEBA "

 close(-)

Posted on: GM repaying US/Canadian loans....
at 11/16/2009 2:19pm

And of course I have the same question here as I had with the bank TARP funds.
What's going to happen to the incoming ... more(+)

And of course I have the same question here as I had with the bank TARP funds.
What's going to happen to the incoming money?? close(-)

This user has not commented on any articles or features...