Income up 35%, make 8.9 billion in 6 months, cut 25,000 jobs!

[Carlos R]

Let's keep coddling the almighty "job creators" in the private sector.

At least their stock prices went up 5% on the backs of those 25,000 workers. I am sure that will be of great comfort.




http://money.cnn.com/2011/08/01/news/international/hsbc_jobs/index.htm?hpt=hp_t2

[g0ld3n88]

Thread cannot get more sensationalist

[Jenna4eva]

Then don't work for HSBC pretty fucking simple

[Angga Andrio P]

I find it funny that in the minRAB of "Conservatives"

Handing corporations money in the form of a bailout = bad
Handing corporations money in the form of specialized loopholes that only a select few people qualify for= good

In my mind, both = bad

I dislike handouts of any sort....and this is coming from a guy who is from a heavily subsidized state (Ag, Mining, Oil, Wind, Ethanol, etc...). Do away with all the tax breaks and lower the overall rate to "X" percent for EVERYONE. No deductions. At all.

I use "X" percent as I'm not sure what that magic nuraber will be, but I'm fairly certain the CBO will have some insight into this.

I also agree with others that say we need to cut spending before we start talking about additional revenue, though eventually we will need both.

[Melina, Ms. Paparazzi ♡]

Which party controlled both houses of Congress during that time period? Which creates the legislation?

[VampBlood16]

yes HSBC should keep open losing ventures because other ventures are profitable

[lemontartsue]

Don't forget, which party voted no on the bank bailouts the first time around?

[jimbo1209]

@tom37211

Why do you think it is a duty for this corporation to keep people employed even if they're useless to the company? With advances in technology, people become replaced by computers and robots. There is no longer need for that many employees

The function of an economy isn't to create jobs. Quite the opposite, the function of an economy is to eliminate work. Think of how dishwashers and washing machines eliminate work giving you time to do other things.

[Sylar]

So it is the financial sector employees choice to not work for mom-and-pops which, by your own admission NO LONGER EXIST?

How is that a fucking choice exactly???

[lilspaceboy]

Don't worry about GE, in lieu of taxes they still have to pay massive campaign contributions to Barack Obama and various merabers of Congress who have a hard-on for regulating light bulbs.

Well more than half of Americans pay a lower tax rate than Warren Buffet as long as you don't use funny math, and many pay far less. Mine was half as much. Deductions count for a lot, but if you don't have deductions or don't have the wherewithal to find them and aren't happy about that, perhaps I can sign you up for my flat-tax advocacy newsletter?