Any "Latest & Greatest" about Delta?
11-28-2014 | 06:32 AM
veut gagner ŕ la loterie
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From: Light Chop
Not 100% sure but my bet is that it is based on an economist named Teresa Ghilarducci who said this in her congressional testimony back in 2008:
That upset some people. To my knowledge there is no effort or any effort any longer in Congress to do such a thing and I'm not sure if it can be done via executive order but if it was I guess delta would put out a statement approving of it. I'm teasing.
Now ending the tax breaks on 401ks is definitely something some folks in Congress really want to do because that, cough cough, costs the government a lot of money.
"What we want to do, we want to take your 401(k) at its August level, before the crash. We'll give you that equivalent and put it in your Social Security account, essentially, and we're going to invest that money that we take from your retirement account, your 401(k), at its August level. We're going to buy government bonds with it, which will guarantee you 3% -- and then we will require that you put 5% of your pay into your 401(k) although it's not yours anymore.
"The government owns it. They will manage it. They will take care of it, and then when your retirement day comes you'll get your Social Security check and part of your check will be whatever your 401(k) monthly payout is, after 3% of growth every year under the stewardship of the government."
"The government owns it. They will manage it. They will take care of it, and then when your retirement day comes you'll get your Social Security check and part of your check will be whatever your 401(k) monthly payout is, after 3% of growth every year under the stewardship of the government."
Now ending the tax breaks on 401ks is definitely something some folks in Congress really want to do because that, cough cough, costs the government a lot of money.
11-28-2014 | 06:50 AM
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Teresa Ghilarducci: Why the 401(k) is a “Failed Experiment” | The Retirement Gamble | FRONTLINE | PBS Teresa Ghilarducci: Why the 401(k) is a “Failed Experiment” | The Retirement Gamble | FRONTLINE | PBS
11-28-2014 | 07:00 AM
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From: DAL 330
DAL Stock?
What is going on with the stock? Not that I am complaining or anything.
I did not see anything significant in the news.
Scoop
I did not see anything significant in the news.
Scoop
11-28-2014 | 07:04 AM
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From: 737A
OPEC meeting ended, lots of squabbling, but the bottom line is they couldn't come up with a consensus to restrict production, so oil is headed lower, as in off a cliff. Some in OPEC want the price to go low enough to make US shale oil uneconomical.
11-28-2014 | 07:14 AM
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Thank god I can fly airplanes, because I'd be broke if I had to be a stock picker. (I sold my delta shares at $15).
I like the idea of using oil investment as a hedge against our careers. (oil goes up / airlines suffer).
I'm thinking about dollar cost averaging into an oil heavy energy fund.
Anybody got insight into why that would be a bad idea at this time?
I like the idea of using oil investment as a hedge against our careers. (oil goes up / airlines suffer).
I'm thinking about dollar cost averaging into an oil heavy energy fund.
Anybody got insight into why that would be a bad idea at this time?
11-28-2014 | 07:19 AM
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From: DAL 330
Makes sense. This has been going on since OPEC first came together. The Saudis have hundreds of years of "known oil reserves" in the ground and have always been much more conservative than many other OPEC members.
The Saudis know that sustained higher prices will accelerate research and development into oil substitutes, and with the largest know reserves, have the most to lose if viable oil substitutes should hit the market.
Ideally the Saudis would like to keep oil at a "sweet spot" that will continue to provide them with billions for years to come, but at the same time low enough to keep alternatives economically non-viable.
Scoop
11-28-2014 | 07:29 AM
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From: Narrow/Left Wide/Right
Makes sense. This has been going on since OPEC first came together. The Saudis have hundreds of years of "known oil reserves" in the ground and have always been much more conservative than many other OPEC members.
The Saudis know that sustained higher prices will accelerate research and development into oil substitutes, and with the largest know reserves, have the most to lose if viable oil substitutes should hit the market.
Ideally the Saudis would like to keep oil at a "sweet spot" that will continue to provide them with billions for years to come, but at the same time low enough to keep alternatives economically non-viable.
Scoop
The Saudis know that sustained higher prices will accelerate research and development into oil substitutes, and with the largest know reserves, have the most to lose if viable oil substitutes should hit the market.
Ideally the Saudis would like to keep oil at a "sweet spot" that will continue to provide them with billions for years to come, but at the same time low enough to keep alternatives economically non-viable.
Scoop
Funny though, you never quite feel the sympathy for a struggling oil industry throughout the press as you do when oil is going up....
11-28-2014 | 07:46 AM
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From: 767-400
Deleted.......
Last edited by BigGuns; 11-28-2014 at 08:00 AM.
11-28-2014 | 07:59 AM
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It's not just substitutes, Saudi's realize that $100+ oil was fueling fracking development not just in the US but in other parts of the world. They realize that $75 barrel of oil will do more to put a damper on fracking and energy development than any regulation can. You are already hearing talk of some major #&^(# hurt in the midwest and plains states that were set up for oil at considerably higher levels.
Funny though, you never quite feel the sympathy for a struggling oil industry throughout the press as you do when oil is going up....
Funny though, you never quite feel the sympathy for a struggling oil industry throughout the press as you do when oil is going up....
11-28-2014 | 08:36 AM
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In any case if prices stay low you will see the domestic U.S. shale producers cut back. How much is the big question nobody really knows.
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