Looking for Kalitta updates
#1
Gets Weekends Off
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Joined APC: Feb 2008
Posts: 211
Looking for Kalitta updates
I was just wondering if some of you K4 guys could share some updated info as to what is going on over there. Any news on when the next new hire ground school may be? New airplanes? Growth? How is business going? Etc? Thanks.
#2
None, None, None, OK, Probably nothing until the election cycle is over.
#5
yea, so WHAT does the election have to do with it.......???????
#6
Gets Weekends Off
Joined APC: Dec 2010
Posts: 3,090
#7
Taxes, longer term planning, Heath insurance, more business friendly government possibly. Connie is not alone in his thought process, many corporations are sitting back and waiting on the elections. This is not new it happens every four years. So it has everything to do with it.
#8
#9
Why are corporations sitting on their money?
At this morning's jobs discussion. I asked the panelists -- Labor Secretary Hilda Solis, AFL-CIO President Rich Trumka, Chamber of Commerce honcho Tom Donahue and Columbia University Professor Jeffrey Pfeffer --why businesses are sitting on $1.8 trillion in reserves. Clearly, they're worried about the near-term, and maybe long-term, economy, and are holding reserves to protect themselves. But why? Is it because there's not enough demand, and not enough expectation of demand growth, for their products? Fear of further dips and crises? Concern about government actions? Something else?
Donahue argued that it was concern over future taxes. Businesses look at the deficit, he says, and they know they're going to be taxed. What's odd about this argument is that the deficit hasn't changed in a way that would dramatically transform the long-term tax burden. The major deficit issue is a long-term imbalance between revenues and spending, not the stimulus over the past two years. To put that in terms of numbers, a mid-range projection would put debt in 2022 at 21.5 trillion. The stimulus was about 3.5 percent of that. If businesses are worried about future taxation now, it means they were ignoring the numbers three years ago. Which is possible, of course. But future taxation is not an invention of the economic crisis.
Pressed on the subject, Donahue allowed that fears of further market turmoil and insufficient consumer demand were also players in business decisions. At this point, Pfeffer offered a useful addition: Businesses are herd animals, he said. They tend to spend all at once and hoard all at once. So the fact that many of them are hoarding now is convincing the rest of them to hoard now, and the question is how you break that cycle so a few major players step out and invest and make their competitors feel like they'd be missing out if they didn't do the same. But that sort of change requires some positive shock -- great jobs data, say -- and it's not clear where that'll come from.
By Ezra Klein | July 9, 2010; 12:50 PM ET
At this morning's jobs discussion. I asked the panelists -- Labor Secretary Hilda Solis, AFL-CIO President Rich Trumka, Chamber of Commerce honcho Tom Donahue and Columbia University Professor Jeffrey Pfeffer --why businesses are sitting on $1.8 trillion in reserves. Clearly, they're worried about the near-term, and maybe long-term, economy, and are holding reserves to protect themselves. But why? Is it because there's not enough demand, and not enough expectation of demand growth, for their products? Fear of further dips and crises? Concern about government actions? Something else?
Donahue argued that it was concern over future taxes. Businesses look at the deficit, he says, and they know they're going to be taxed. What's odd about this argument is that the deficit hasn't changed in a way that would dramatically transform the long-term tax burden. The major deficit issue is a long-term imbalance between revenues and spending, not the stimulus over the past two years. To put that in terms of numbers, a mid-range projection would put debt in 2022 at 21.5 trillion. The stimulus was about 3.5 percent of that. If businesses are worried about future taxation now, it means they were ignoring the numbers three years ago. Which is possible, of course. But future taxation is not an invention of the economic crisis.
Pressed on the subject, Donahue allowed that fears of further market turmoil and insufficient consumer demand were also players in business decisions. At this point, Pfeffer offered a useful addition: Businesses are herd animals, he said. They tend to spend all at once and hoard all at once. So the fact that many of them are hoarding now is convincing the rest of them to hoard now, and the question is how you break that cycle so a few major players step out and invest and make their competitors feel like they'd be missing out if they didn't do the same. But that sort of change requires some positive shock -- great jobs data, say -- and it's not clear where that'll come from.
By Ezra Klein | July 9, 2010; 12:50 PM ET
#10
"We're not taking it for granted that growth will be there," said Crawford.
Unhappy with Obama
What role is government policy playing in fostering corporate caution?
The executive class in the Chicago region is none too pleased with many of the policies of President Obama, their former hometown senator. They criticize his willingness to let Bush-era tax cuts expire at year's end for households that make over $250,000 and allow the capital gains tax rate to increase. They dislike aspects of his landmark health-care law, and some fear that the financial overhaul legislation enacted this summer will make it harder for them to get loans.
"Congress has been very tough on businesses," said Jason Speer, chief executive of Quality Float Works of Schaumburg, Ill., which makes the industrial equivalent of toilet ball floats, items that sell for up to $1,200 and are used to measure water levels in farm and industrial equipment. The company also makes the metal balls that go on the top of flagpoles Fundamentally, executives objected to Obama's policies on the grounds they would make the United States a less competitive place to operate in the long run.........."I could borrow $2 billion tomorrow for 3 1/2 percent," said Speer. "But what am I going to do with it?"
Speer is coming to terms with a new economic reality. After an extended economic boom, the nation is less than three years into the process of working out the excesses of that period.
"It took us a decade to get in the ditch we are in," Speer said. "There isn't going to be instant gratification to get us out of it. We're going to have to get used to a lower growth economy, and that is going to be a big adjustment for all of us."
Unhappy with Obama
What role is government policy playing in fostering corporate caution?
The executive class in the Chicago region is none too pleased with many of the policies of President Obama, their former hometown senator. They criticize his willingness to let Bush-era tax cuts expire at year's end for households that make over $250,000 and allow the capital gains tax rate to increase. They dislike aspects of his landmark health-care law, and some fear that the financial overhaul legislation enacted this summer will make it harder for them to get loans.
"Congress has been very tough on businesses," said Jason Speer, chief executive of Quality Float Works of Schaumburg, Ill., which makes the industrial equivalent of toilet ball floats, items that sell for up to $1,200 and are used to measure water levels in farm and industrial equipment. The company also makes the metal balls that go on the top of flagpoles Fundamentally, executives objected to Obama's policies on the grounds they would make the United States a less competitive place to operate in the long run.........."I could borrow $2 billion tomorrow for 3 1/2 percent," said Speer. "But what am I going to do with it?"
Speer is coming to terms with a new economic reality. After an extended economic boom, the nation is less than three years into the process of working out the excesses of that period.
"It took us a decade to get in the ditch we are in," Speer said. "There isn't going to be instant gratification to get us out of it. We're going to have to get used to a lower growth economy, and that is going to be a big adjustment for all of us."
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