70 karma · joined February 13, 2017
https://www.reddit.com/r/serbia/comments/1jchks6/novi_snimci...
Please take into account that this occurred during the fifteen-minute silence observed by the protesters in memory of the fifteen victims of the accident, which the protesters blame on the government corruption and which was the very reason for the start of the protests.
https://www.reddit.com/r/serbia/comments/1jchks6/novi_snimci...
Here's what Matt Stoller has to say about buybacks and bailouts in general:
Fundamentally, mergers, buybacks, and excessive executive compensation are about stripping out resiliency in return for cash, and the lobbying is the political machine to protect the ability to do that. So what to do? The answer is pretty simple. Stop hidden risk pooling.
Financialization and private equity is about loading up corporations with hidden risk. We cannot afford that anymore. So here are the conditions to put on large corporations who need cash from the government:
-No bailouts for shareholders. Shareholders took the risk and upside, they should get the downside too. A bailout means the stock value goes to zero.
-No more buybacks ever, and no more dividends for five years. It’s time to stop asset-stripping, and restore the cushion inside corporations so they can invest in production.
-Strict executive compensation limits. No more get rich quick schemes and golden parachutes. We need long-term leaders focused on building institutional strength.
-No more lobbying, as well as limit public relations spending. The Housing and Economic Recovery Act of 2008 killed the ability of Fannie Mae and Freddie Mac to lobby, and that killed their political power. By contrast, Wall Street got bailouts with no strings attached, so they largely wrote the Dodd-Frank bill. (I was there, I saw it). Don’t repeat this.
-No more mergers and acquisitions for five years. If you get bailouts, you have to run your business as a business, not as an acquisition target. I can imagine an exception if the business fails as a stand-alone, but exceptions need to be very narrow.
Quiteman - The Sleeper (Man With No Name Remix) https://www.youtube.com/watch?v=WjOcSatGkmo
Li Kwan - Point Zero https://www.youtube.com/watch?v=JWIXkF_7JII
Electronic Arts - Need for Speed 2 https://www.youtube.com/watch?v=-8CEJTPECxc
Blue Planet Corporation - Crystal https://www.youtube.com/watch?v=tYtw6j1AHUw
Odyssey Of Noise - Firedance (The Sunrise) https://www.youtube.com/watch?v=wKPMZm2O8No
X-Cabs - Neuro https://www.youtube.com/watch?v=Zy-tKoIE9C0
Would you treat your friends like that ? Say, a friend asks you to recommend them a good video on software development. Are you going to optimize your recommendation as to make them take the longest time possible to achieve their goal ?