dglenn: Me in kilt and poofy shirt, facing away, playing acoustic guitar behind head (Default)
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posted by [personal profile] dglenn at 05:24am on 2017-05-01

Michael Hiltzik wrote in "Wall Street's grousing about American Airlines' worker raises shows what's wrong with Wall Street", 2017-04-28:

"This is frustrating," Kevin Crissey, an airlines analyst for Citigroup, bellyached to clients after the announcement. "Labor is being paid first again. Shareholders get leftovers."

One doesn't know what to say to this, except: Is he kidding? From 2014 through 2016, American Airlines authorized $9 billion in share buybacks, money that went directly into shareholders' pockets. The company also paid out 40 cents per share in shareholder dividends in both years. By contrast, the pay raises will cost American $1 billion over three years. Pilots will get 8% and flight attendants 5% through the end of the current contract.

BitterOldPunk (@BitterOldPunk) summarized this:

Parasite Wishes Host Would Eat Better

[Happy Labour Day to most of the world -- or in the US, Law Day or the extra creepy sounding Loyalty Day (creepy in that way that so many red-scare things from the 1950s are (yes, it's a red-scare thing; no, "recognition of the heritage of American freedom" isn't inherently creepy on its face; but its name and context -- "oh no, we must make sure nobody here is celebrating that scary Communist Labour Day!" -- are plenty creepy)). On a much more cheerful note, a blessed Beltane to all who celebrate it! Today is also Israel's Memorial Day, and tonight starts Israel's Independence Day.]

There are 2 comments on this entry. (Reply.)
zenlizard: One lizard to another:  "Please to be shutting up now!" (Default)
posted by [personal profile] zenlizard at 02:50pm on 2017-05-01
"...the extra creepy sounding Loyalty Day (creepy in that way that so many red-scare things from the 1950s are..."

Hm. "Loyalty Day" is indeed a red-scare thing. But older then the 1950s. Although not made "official" until then, the recognition of so-called "Loyalty Day" was first performed in 1921, basically at the behest of Wilson, et. al. who wanted to beat down further the actual leftists in the US.
posted by [identity profile] realinterrobang.livejournal.com at 05:19pm on 2017-05-01
Holy crap, that quote from Kevin Crissey. That guy just put himself on the list of people who will be First Up Against The Wall When The Revolution Comes... Jeez. Attitudes like that are what turns people into doctrinaire Marxists.



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