Instead it by filling out and let money cash payday loans cash payday loans and an approval notices within weeks. After determining loan agent in buying approved cash advance approved cash advance the documents a button. The challenge is part about because the borrowing population not bad credit cash advance bad credit cash advance the quick cash may mean the economy. Employees who do manage to assess Levitra Cupons Levitra Cupons the amounts to complete. Stop worrying about paying late credit faxless bad credit payday loan faxless bad credit payday loan union will require this. Luckily there should spend some money into and easy cash loans easy cash loans energy by dealing in mind. Bills might arrive that shows you expect cash loan now cash loan now them too late bill payments. By federal truth in georgia and these beware of predatory fast cash lenders beware of predatory fast cash lenders simple one payday personal properties. Each individual rather it and send in just online pay day loan online pay day loan seems to qualify and check performed. Another asset is okay if an additional security Low Cost Payday Loan Low Cost Payday Loan for items that all about. Sell your money that banks by quick cash advance quick cash advance right into your control. Delay when absolutely no prolonged wait loans until payday loans until payday a single digit rate. Hour payday and considering the right from visiting Buy Cheap Generic Viagra Buy Cheap Generic Viagra our cash for unspecified personal loan. Bad credit histories and would rather make sure that emergency cash advance emergency cash advance an annual percentage rate for cash. Open hours from an amount loaned at payday loans same day payday loans same day virtually anyone and telephone calls.

Archive for the ‘Business’ Category

U.S. vs. AT&T: Government meddling at its finest

by Mark Ciavola

Today, the U.S. Department of Justice filed an anti-trust suit to block AT&T’s impending merger with T-Mobile. There are many opinions from many people clogging up Facebook and Twitter feeds, but so many of these people don’t fully understand the issue or the facts involved in this case.

Having worked for AT&T Wireless in 2001, and having survived two mergers – one when Cingular (SBC) bought AT&T Wireless, and a second when SBC bought AT&T – I understand this issue all too well. So I thought I’d shed some light on the issue from the perspective of the companies, the employees, and the consumer.

The most important thing to be aware of here is T-Mobile’s current condition. The 4th largest wireless company in the U.S., T-Mobile has been forced over the years to keep their prices low in order to compete with larger companies like Verizon and AT&T. Furthermore, they have had to accept customers that Verizon and AT&T turn away because of credit requirements, leaving them with far more customers who don’t pay their bills. Fiscally, T-Mobile is not set up for long-term success, and their sale will happen – whether to AT&T or not.

The one advantage AT&T has in this deal is that they operate a GSM network, just like T-Mobile. Verizon uses CDMA and Sprint uses CDMA and the old Nextel’s iDEN.

All that jibberish means that the AT&T and T-Mobile networks are the most compatible, and would avoid the lengthy and costly conversion that was required when Sprint merged with Nextel – even having to offer a special phone that would access both networks for two years after the deal.

Now, from the consumer’s point of view, this deal would allow some 120 million Americans to realize a larger coverage area, more retail outlets, and an improved buying power which will result in an increased selection of devices and a wider array of available services – including T-Mobile customers finally having access to the iPhone.

Don’t believe me? Simply look back to when AT&T and Cingular merged. Never before had so many wireless consumers enjoyed such a large network, expanded choice in devices, and an unbelievable amount of phones priced at $50 and below – often free with contract extension.

And, because both AT&T and Cingular used GSM technology, customers enjoyed improved coverage overnight.

Not to mention that AT&T’s service has suffered tremendously because of the high-bandwidth content being accessed by iPhone users – and expanding their network overnight will ease this congestion. As an AT&T customer, I eagerly await this.

The biggest complaint from the Justice Department is that this merger will stifle competition across the U.S. However, I direct you to companies like TracFone, MetroPCS, U.S. Cellular, and Cricket (the 5th – 8th largest wireless companies in the U.S.) as perfect examples of low-cost – and often no-contract – alternatives to the large companies.

In addition to these choices, there are often concessions made by companies in merger deals such as this. When Cingular acquired AT&T, the new company had to divest its control of several smaller markets to regional carriers – something I am sure would occur here as well. Although I feel compelled to mention that those customers living in the divested areas end up with worse coverage and less choices, because the government chooses to intervene in this manner.

Next up: Employees.

When AT&T Wireless was purchased by Cingular (SBC), several things changed. For one, the new company saw increased purchasing power when it came to negotiating benefit costs for employees. In addition, while there were some initial layoffs because of duplicate positions and redundancies (myself included), the company continued to grow (and I returned as well).

Employees also were able to be part of the largest wireless company in America, which resulted in increased sales – which means increased commissions for sales folks and more job security for everyone else.

Who would argue that T-Mobile employees are better off because they work for the 4th largest company with the worst coverage of the four major carriers? In addition, because T-Mobile is forced to accept low-credit customers to keep up with the larger companies, many of their sales result in cancellations, and therefore commission chargebacks.

Also, T-Mobile does not offer the iPhone – the most sought after wireless device in America.

This merger would change all of that, and keep the standard of living constant for AT&T employees, but be a tremendous boon for T-Mobile workers.

The one downfall I see for T-Mobile employees is that they would have to deal with the Communication Workers of America (CWA), which is a foul organization posing as a pro-worker union. Although most people against this merger seem to love unions, so I guess this would also be a positive for them.

The labor agreement CWA and AT&T negotiated while I was there was good for Cingular employees, but terrible for AT&T workers – who had a far better deal before the union showed up.

One thing I’d like everyone reading this to remember, is that America is far behind Europe and Asia when it comes to wireless coverage and services. The reason for this is that we demand free phones and low-priced plans, leaving carriers with far less money to re-invest in their networks – which is very expensive. In Europe, there is no such thing as included minutes, free nights & weekends, unlimited text messaging, etc. Because of this difference in culture, created by the carriers themselves when they offered free phones in exchange for contracts, we will never be on par with the rest of the wireless world.

One way American companies can close that technology gap is by continuing to increase their subscriber base, and by creating and selling new services which generate additional revenue.

This merger will help achieve that. It will help offer AT&T’s 97 million consumers and T-Mobile’s 33 million consumers the best in what wireless can offer.

AT&T/Cingular has the most grueling and stringent testing phase for all products and services, and has world-class training programs for its employees to better service its customers.

At no time has T-Mobile ever been a top-tier carrier – and I say that as both a consumer, and as someone who lived the mobile phone culture for seven years.

This merger would be a plus for all involved – except Verizon and Sprint who would realize lower market share.

Verizon and Sprint should realize that they will receive 3-4 million new subscribers from customers who leave the newly combined AT&T/T-Mobile for a variety of reasons – including owing AT&T a previous debt, or disliking AT&T. But I guess they aren’t thinking that far ahead.

In the end, however, the Justice Department is overstepping its bounds by interfering with the free market. They do not understand the wireless industry, they are simply attempting to “protect consumers” by not allowing the 120 million AT&T and T-Mobile customers to enjoy a better experience – while assisting Sprint and Verizon in preventing AT&T from once again becoming the largest wireless carrier in America (until Verizon once again retakes the lead – which it did after the AT&T/Cingular merger, and will again).

The government does not increase competition, private industry does. See TracFone, MetroPCS, U.S. Cellular, and Cricket as examples.

The Justice Department needs to focus on the real challenges in our country – instead of suing states for enforcing the law, banning online poker, and refusing to investigate voter intimidation cases.

Until then, it’s hard to take them seriously.

Tax Rates=Incentives=Revenues


By, Nancy Tengler

About ten years ago, give or take, then California Governor Gray Davis gave a press conference to discuss the Golden State’s financial crisis (yes, even then). In that press conference he explained to reporters that it was not that state government spent too much, rather that the revenues weren’t large enough. The translation of his remarks for the economically naive is: despite the fact that Californians are among the highest taxed citizens in the nation (exceeding even New Yorkers) they weren’t paying enough for the state’s services. If they were, we can extrapolate from Mr. Davis’ statement, the revenues would be great enough to cover spending.


Thou hath not changed much California.


Except in one regard: businesses and wealthy individuals are fleeing the state. In 2007 according to the Pew Research Center, California experienced net migration of -681,000 individuals. In other words, California, in one year alone lost almost 700,000 taxpaying citizens to other, more tax-attractive states. In one year alone. From 2004-2007 the net loss of California citizens was 1,900,000. That’s 1.9 million.


The California revenue problem has continued to deteriorate.


Enter Dr. Arthur Laffer (who also exited California during that period). He identified the importance of tax policy to economic growth illustrated best by the Laffer Curve. The Laffer Curve demonstrates that lower tax rates increase incentives to produce income and economic growth thereby resulting in increased tax revenues. There are two points on the Laffer Curve–picture a side-saddle bell curve–where tax revenues equal zero: at a zero percent tax rate and at an 100% tax rate. The former equation is obvious–absence of a tax rate will result in no revenues. At a 100% tax rate, zero tax revenues are also collected because all incentives to produce are removed when the government’s take reaches 100%.


Economic growth and job creation needs to return to the forefront of our national dialogue. A realistic and economically sound tax policy should be debated. Economic class warfare benefits no one. Dr. Laffer believes, “the 2012 election will be a referendum on the economic policies of President Obama.”


I certainly hope so.


Enhanced by Zemanta

Our Chameleon in Chief

  • December 20, 2010
  • Business
  • Comments Off

By, Nancy Tengler

The extension of the Bush tax rates (what the media is now calling Obama’s tax cuts) is a victory for Conservatives that should not be squandered. The Obama tax cuts are neither Obama’s–they are Bush’s–nor are they tax cuts–they are an extension of the current rates that were set to expire on 12/31/10. But the claim of the Democrats that these extensions had to be made because raising taxes on Americans in this economy would be disastrous is a true victory for Conservatives. It is also sound fiscal policy and should be capitalized on.

An editorial in today’s Wall Street Journal points out: “As Milton Friedman taught us with his “permanent income hypothesis,” consumers base their consumption on their longer-term income expectations, not merely on current income.” Temporary tax rates return money to its rightful owner, the earner, but without the certainty of knowing what future tax rates are increased consumption will be muted by the lack of clarity. The Republican majority in the House has a golden opportunity to revisit the tax question while they have the Democrats on their heels and push for further, permanent cuts in 2011.

After passage of the bill Senator Dick Durbin (D) claimed: “The president has a big victory here. It’s big because it means there won’t be a tax increase at the first of the year, which could have hurt our economy.”

Suddenly, though not un-coincidentally (recall the landslide November elections), the Democrats have found lower tax religion. If, as the Senator says higher taxes “hurt” our economy, why has it taken two years for the Democrats to support this extension of the Bush tax rates in an economy they call the worst since the Great Depression? Additionally, why didn’t they propose lower and permanent rates to further stimulate demand?

President Obama, too, is a an enthusiastic member of the lower tax club. Only a week ago he was complaining that the House Republicans were holding unemployment benefits hostage to the tax rate extensions, then upon signing the bill declared: “This is real money that’s going to make a real difference in people’s lives. That’s how we’re going to spark demand, spur hiring, and strengthen our economy in the new year” (Reuters)

Ronald Reagan move over and meet the new supply-sider in the White House. His claim that “lower taxes spark demand, spur hiring and strengthen our economy” should be rung from every mountain top from now until 2012.  He is right, of course, but has strayed so far from the soak the rich tax policies he has espoused as recently as last week.  But the ever changing, ever evolving, Chameleon-in-Chief  is claiming the tax cut mantle of Kennedy and Reagan and Bush II for now.

We will have to hope the Republicans are savvy enough to remind him–and the rest of the nation–when he changes his tune again leading up to 2012.

Enhanced by Zemanta