matter of fact , yes.. itis happening elsewhere.. pull your head out of hull;s a** once in a while and see what is happening around you.

Smokey, this has nothing to do with Hull. Just an observation without the political crap....k?

Quoted from Smoking Bananas

matter of fact , yes.. itis happening elsewhere.. pull your head out of hull;s a** once in a while and see what is happening around you.

Yes, it is, it's called a recession, and it's due to the government, in general, getting in the way at this time.  There are places (such as Sechenectady), where it is much worse than other places (say, Saratoga County), because of the fact that the local governments are so much MORE intrusive in certain locations (such as the Metroplex Mile and throughout the county).

But schenectady can dig themselves out of being the highest taxed county in the state..........One way is to make businesses pay their fair share!

Plain and simple

the banks/system are going through ch-ch-ch-changes......right before our very eyes.....the occupy wallstreet crowd will get touted as the 'best thing and blah blah blah, they were right they do make a difference, blah blah blah'
but that is so the masses can 'feel' like we have the control and the change in the 'equalization'.....

those 'rich' will ALWAYS be there....remember money goes to our priorities and the 'fairness issue' is a red herring.....

the system is changing and we WILL be rated.....unless we choose to tear it ALL down and farm for ourselves.....remember the rich man must go to the farmer for food or become a farmer for himself...

biggest lie ever told "let your money work for you"

ya

Quoted from bumblethru

But Schenectady can dig themselves out of being the highest taxed county in the state..........One way is to make businesses pay their fair share!

Plain and simple

Maybe this working together auction will turn out as good as the Schenectady Armory auction-no?

whatever... what is roger's plan for it? wallach?

Quoted Text

Bank of America Corp. (BAC), the lender seeking to trim expenses by eliminating at least 30,000 jobs, will pay former wealth-management division head Sallie L. Krawcheck $6 million after her dismissal last month.

That sum includes one year of her former salary, or $850,000, and a one-time payment of $5.15 million to be awarded in 2012, the Charlotte, North Carolina-based bank said yesterday in a filing. Joseph Price, whose position was also eliminated, gets a $5 million package, the bank said.

Chief Executive Officer Brian T. Moynihan ousted Krawcheck and Price in September as part of his effort to streamline the biggest U.S. bank amid mortgage-related losses and a 56 percent share decline this year. His target is to reduce annual costs at consumer banking units by $5 billion, mostly through job cuts.

“This is yet another story about a corporate executive getting significant amounts of money after they’ve left their employer,” said Richard Lipstein, a managing director for headhunter Boyden Global Executive Search. “She was part of a restructuring that eliminated a layer of management; at her level, there are certain obligations that have to be fulfilled if you leave for non-cause.”

http://www.bloomberg.com/news/.....ge-after-ouster.html

Quoted from rampage

You mean to tell me that people don't even want to do the business of selling properties that are located in Schenectady in the city?  Or even in the state?  You need to go to New Jersey to buy a property in Schenectady?  And while this is being called a "Bank of America" location, this would actually be the former Trustco, better known by those around as Schenectady Trust. I still say the day they started going down is when they decided that Schenectady should no longer be part of their name.  

Far as I last knew there was no Trustco $$$$ invested in the down town renaissance either.   First Niagara had $$$$ in the Parker Inn.

Quoted from bumblethru

Kinda like when the Gazette took schenectady out it's name too?

And how about CBS TV-6 that states they are in Albany, yet broadcast from Balltown Rd. in Nisky.   And the high tailing it out of Rotterdam by WMHT?   No longer proud of their heritage/history?

Quoted from bumblethru

Obviously not enough business to keep them open. Businesses do this all the time. They will let them run in the black just long enough to use as a loss on the books........then they close them.

As far as banks.........schenectady county has too many now. The few times I drove by that new berkshire bank by the recovery room.........it is dead!! So is the citizen bank on altamont.

you need to learn about business ---- "run in the black" means that a business is making a PROFIT .. not a loss

a business is "running in the red" if it is losing money

There are any of a number of factors that explain why businesses open or close locations ...

Federal Tax Laws drive a lot of business decisions
for example -- some businesses open a location and run it for at least the 7 years that they can get a tax write off for opening the branch/unit   ... if the branch/unit is making money towards the end of that 7 year period .. they will invest in improvements or expansion to get another period of tax write offs.   If the branch/unit is NOT making a profit - they close it or open in a new location (presumably better) within the same market area.

But remember that Federal Tax laws give companies bigger write offs to BUILD NEW -- so that is why they will open a branch/unit ... run it for 7 years or so ... and then build a new branch/unit just down the road

another example -- developers/property managers are not upset if a mall or commercial project is not 100% occupied/rented out ... because the Federal Tax Laws allow a write off for the vacant portion (up to a certain percentage of square feet)  ...   and I was told by someone I know who is the CFO for a major developer in the Southeast US that the write off basically wipes out their federal tax liability -- so they actually do NOT want 100% occupancy.    

Now apparently the write off is based on the total square footage of space that the company rents/leases -thus this could be in several different commercial properties in different areas and even in different states.  If you own a commercial property in a high rent area you want that one 100% occupied but you would balance it with a commercial property in a  "not so high rent area" that could be 60% occupied ... if I remember correctly -- you could have say 5-7 properties 100% occupied and 1 0% occupied (assuming each property has the same amount of square footage)   and the "loss" on the 1 unoccupied property would wipe out your tax liability on the 5 to 7 properties that were 100% occupied.

So money can be made owning vacant property.

That is why many companies have one subsidiary that actually owns the real estate and "leases" it to another subsidiary that performs the principle work of the company  such as being a bank or a fast-food restaurant  or a department store.

Quoted from DemocraticVoiceOfReason

you need to learn about business ---- "run in the black" means that a business is making a PROFIT .. not a loss

a business is "running in the red" if it is losing money

so what is the government running?

1. on my back
2. gin mills
3. DSS
4. numbers
5. voter fraud
6. parks
7. day programs
8. nursing homes
9. garage
10. pensions
11. contracts


I'm assuming these ventures are in 'the black'?
sh!t, even if they aren't the special accountants will fix it as will the gumbas

anyone care to add to the list?

Quoted from Mr. Majestyk

And how about CBS TV-6 that states they are in Albany, yet broadcast from Balltown Rd. in Nisky.   And the high tailing it out of Rotterdam by WMHT?   No longer proud of their heritage/history?

I thought at one point they even had the "Albany" on the outside of their building.  Funny how sometimes they will do stories with their reporters walking through the good parts of the City all dressed up.  Wasn't it on Union Street in the good neighborhoods a while ago?  And now they went and removed the "Albany" from their building, maybe due to some local pressure?  Doesn't seem to have stopped them from using it on the tube or as their website name.