Harvard

[tbaydog]

Harvard has a 40.9 BILLION dollar endowment—the largest in AmericaYet it just laid off at least 275 dining hall workers to “cut costs”Wait—they once paid Elizabeth Warren $400k to teach ONE class but they can’t provide paid sick leave to low wage workers?

 

[TorchingTime]

Guess those folks should have worked harder to get tenure.**

 

[Irondawg]

True colors are going to show up in lots of places

 

[DeltaChicagoDog]

I'm sure the bailout money will trickle right on down and their jobs will be saved.** I'm afraid there's going to be a lot of "cost cutting" and that employee retention will be an after thought of how companies decide to allocate bailout funds. I also hope this post ages poorly, but anyone who was awake for 2008/2009 saw how that played out.

 

[Mjoelner]

Stanford, with an endowment of 27.7 billion booted their students from the dorms and wouldn't refund any of the boarding costs.

 

[Drebin]

Proof that even the socialists turn into heartless capitalist pigs when it's their money that's on the line.

 

[ababyatemydingo]

Harvard has a 40.9 BILLION dollar endowment—the largest in AmericaYet it just laid off at least 275 dining hall workers to “cut costs”Wait—they once paid Elizabeth Warren $400k to teach ONE class but they can’t provide paid sick leave to low wage workers?

Do as I say...Not as I do

 

[BoomBoom.sixpack]

Proof that even the socialists turn into heartless capitalist pigs when it's their money that's on the line.

Well the free market capitalists turn into socialist commies as soon as their health is on the line or the stock market crashes, so I guess turnabout is fair play.

 

[UpTheMiddlex3Punt]

You don't get that much money by giving it away

 

[WilCoDawg]

Well, you’re wrong. There’s a difference between being FORCED to provide for others and providing for others OUT OF THE KINDNESS OF YOUR HEART. This is the irony of socialism and liberals screaming that we can’t legislate morality when forcing people to pay for the care of others is exactly what that is.

 

[Drebin]

Well the free market capitalists turn into socialist commies as soon as their health is on the line or the stock market crashes, so I guess turnabout is fair play.

I don't know what alternate universe you're living in, but there's a whole big world out there where free market is driving innovation from all of these evil capitalist corporations, and it is having a significant impact on this crisis, overcoming the shortcomings of some of our centralized governmental bureaucracies.

 

[Hump4Hoops]

He's referring to corporate bailouts, which is an absolutely valid point

as is your point about manufacturers picking up the slack and moving to produce highly needed goods in a crisis.

"Socialist liberals this" and "Billionaire CEOs that" isn't doing anything but driving the wedge further for no good ******* reason.

Neither side is perfect, and neither side are monsters. The sooner we can all agree on that, the better.

 

[Drebin]

as is your point about manufacturers picking up the slack and moving to produce highly needed goods in a crisis.

"Socialist liberals this" and "Billionaire CEOs that" isn't doing anything but driving the wedge further for no good ******* reason.

Neither side is perfect, and neither side are monsters. The sooner we can all agree on that, the better.

As we've discussed prior, these aren't "bailouts." Businesses aren't failing because of mismanagement. Businesses are failing because the government has forced them to close, or has directly impacted their ability to earn. The government bears responsibility where it can help those businesses. Many of the larger corporations are pitching in to help in unprecedented ways.

If this were a financial crisis like 2008 I would be in lockstep with you about the evils of bailing out companies who were impacted due to their own mismanagement and bad policy. But that's not what's going on here. Will some companies take advantage? Sure. There are idiots everywhere. But by and large, we are seeing the best of what a free market society can do right now. Unfortunately, too many people are too biased, or too politically jaded to acknowledge it.

 

[BoomBoom.sixpack]

As we've discussed prior, these aren't "bailouts." Businesses aren't failing because of mismanagement. Businesses are failing because the government has forced them to close, or has directly impacted their ability to earn. The government bears responsibility where it can help those businesses. Many of the larger corporations are pitching in to help in unprecedented ways.

If this were a financial crisis like 2008 I would be in lockstep with you about the evils of bailing out companies who were impacted due to their own mismanagement and bad policy. But that's not what's going on here. Will some companies take advantage? Sure. There are idiots everywhere. But by and large, we are seeing the best of what a free market society can do right now. Unfortunately, too many people are too biased, or too politically jaded to acknowledge it.

Only if you define "didn't save a single dime for an inevitable rainy day" or " levereged up on debt to their eyeballs as much as they could" as not being mismanagement. Talk about bias.

A good representation of my thoughts:
https://www.businessinsider.com/taxpayers-bailout-us-airline-industry-2020-3?amp

 

[Drebin]

Only if you define "didn't save a single dime for an inevitable rainy day" or " levereged up on debt to their eyeballs as much as they could" as not being mismanagement. Talk about bias.

A good representation of my thoughts:
https://www.businessinsider.com/taxpayers-bailout-us-airline-industry-2020-3?amp

I'm gonna type this slower in the hope you get it, but I'm not gonna hold my breath.

Businesses and commerce have been directly impacted by government policy to combat an unforeseen issue that is nobody's fault. The government therefore has to take steps to protect businesses and commerce so that there isn't a prolonged economic impact that would end up being more severe than the virus itself. It's not a bailout. It's a protection measure. To what level each of these companies have been managed or mismanaged outside of that is not the point. The consumer still relies on them for goods and services.

 

[BoomBoom.sixpack]

I'm gonna type this slower in the hope you get it, but I'm not gonna hold my breath.

Businesses and commerce have been directly impacted by government policy to combat an unforeseen issue that is nobody's fault. The government therefore has to take steps to protect businesses and commerce so that there isn't a prolonged economic impact that would end up being more severe than the virus itself. It's not a bailout. It's a protection measure. To what level each of these companies have been managed or mismanaged outside of that is not the point. The consumer still relies on them for goods and services.

try reading what I wrote, and the link I provided, more slowly if needed**. If you disagree with the link, please let me know which part and why. No need to attack me for pointing out something you clearly haven't considered in the slightest, ahole.

And while you're at it, let me know if mismanagement matters or not. You're all over the place.

 

[WilCoDawg]

Keep fighting the good fight. They’ll see it when they believe it unfortunately.

 

[johnson86-1]

Harvard has a 40.9 BILLION dollar endowment—the largest in AmericaYet it just laid off at least 275 dining hall workers to “cut costs”Wait—they once paid Elizabeth Warren $400k to teach ONE class but they can’t provide paid sick leave to low wage workers?

The reason professors are so uniformly leftist and anti-business is because they assume private businesses are as corrupt/abusive/immoral as universities.

 

[MadDawg.sixpack]

I'm gonna type this slower in the hope you get it, but I'm not gonna hold my breath.

Wise decision.

 

[Drebin]

try reading what I wrote, and the link I provided, more slowly if needed**. If you disagree with the link, please let me know which part and why. No need to attack me for pointing out something you clearly haven't considered in the slightest, ahole.

And while you're at it, let me know if mismanagement matters or not. You're all over the place.

I read your article. If the airlines were failing spectacularly due to their own mismanagement, I would agree with it. But the airlines were doing alright, at varying levels, before all of this hit. Airlines should be accountable to their stockholders, and how their companies are managed, or mismanaged, will drive that process. What happened here is separate and apart from that. The government is keen to help companies that are directly impacted from this thing through no fault of their own.

You're trying to say that because a company is leveraged by debt or otherwise doesn't carry a "rainy day" surplus, They're not entitled to help during this because they weren't adequately prepared. To say that shows an astounding lack of knowledge on the subject. But since you called me an ahole, I guess you win.

 

[My Bru]

try reading what I wrote, and the link I provided, more slowly if needed**. If you disagree with the link, please let me know which part and why. No need to attack me for pointing out something you clearly haven't considered in the slightest, ahole.

And while you're at it, let me know if mismanagement matters or not. You're all over the place.

You're not wrong. Businesses with rainy day funds will survive, many others won't, regardless of this stimulus bill/bailout/whatever you want to call it. You can also debate if we should be doing the stimulus.

But at the current point in time, the lack of the rainy day fund is not the direct cause of the failure. That's the virus.