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07-11-2005, 01.55.02
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Re: Unilever considers outsourcing IT, HR jobs
In article <011120051752493354%gofig@mac.com>, Go Fig <gofig@mac.com>
wrote:
[color=blue]
> In article <poldy-A7C2C6.16590401112005@comcast.dca.giganews.com>,
> poldy <poldy@kfu.com> wrote:
>[color=green]
> > In article <311020050555095847%gofig@mac.com>, Go Fig <gofig@mac.com>
> > wrote:
> >[color=darkred]
> > > But when the Rand Corp looked at these households they found
> > > expenditures were closer to $16-17K/year... they have a good deal of
> > > undeclared income. These people also have assets: cars, TVs,
> > > microwaves that are not consistent with 'third world' poverty levels.[/color]
> >
> > Lot of those assets charged on credit from predatory lenders.[/color]
>
> But they still are paid off... a portion of that is from undeclared
> income.[/color]
Yeah people pay minimums, while paying high double-digit rates. They
will never get out from under that debt.
[color=blue]
>[color=green]
> >
> > I believe a lot of the American standard of living, up through the
> > middle class, is borrowed.[/color]
>
> You mean like a house mortgage... in the end these credit purchases are
> still paid from income.
>[/color]
No I mean things like equity lines and people living high on the hog.
All on borrowed credit.
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07-11-2005, 01.55.02
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Re: Unilever considers outsourcing IT, HR jobs
In article <011120051752493354%gofig@mac.com>, Go Fig <gofig@mac.com>
wrote:
[color=blue]
> In article <poldy-A7C2C6.16590401112005@comcast.dca.giganews.com>,
> poldy <poldy@kfu.com> wrote:
>[color=green]
> > In article <311020050555095847%gofig@mac.com>, Go Fig <gofig@mac.com>
> > wrote:
> >[color=darkred]
> > > But when the Rand Corp looked at these households they found
> > > expenditures were closer to $16-17K/year... they have a good deal of
> > > undeclared income. These people also have assets: cars, TVs,
> > > microwaves that are not consistent with 'third world' poverty levels.[/color]
> >
> > Lot of those assets charged on credit from predatory lenders.[/color]
>
> But they still are paid off... a portion of that is from undeclared
> income.[/color]
Yeah people pay minimums, while paying high double-digit rates. They
will never get out from under that debt.
[color=blue]
>[color=green]
> >
> > I believe a lot of the American standard of living, up through the
> > middle class, is borrowed.[/color]
>
> You mean like a house mortgage... in the end these credit purchases are
> still paid from income.
>[/color]
No I mean things like equity lines and people living high on the hog.
All on borrowed credit.
|
07-11-2005, 01.55.02
|
|
Re: Unilever considers outsourcing IT, HR jobs
In article <011120051752493354%gofig@mac.com>, Go Fig <gofig@mac.com>
wrote:
[color=blue]
> In article <poldy-A7C2C6.16590401112005@comcast.dca.giganews.com>,
> poldy <poldy@kfu.com> wrote:
>[color=green]
> > In article <311020050555095847%gofig@mac.com>, Go Fig <gofig@mac.com>
> > wrote:
> >[color=darkred]
> > > But when the Rand Corp looked at these households they found
> > > expenditures were closer to $16-17K/year... they have a good deal of
> > > undeclared income. These people also have assets: cars, TVs,
> > > microwaves that are not consistent with 'third world' poverty levels.[/color]
> >
> > Lot of those assets charged on credit from predatory lenders.[/color]
>
> But they still are paid off... a portion of that is from undeclared
> income.[/color]
Yeah people pay minimums, while paying high double-digit rates. They
will never get out from under that debt.
[color=blue]
>[color=green]
> >
> > I believe a lot of the American standard of living, up through the
> > middle class, is borrowed.[/color]
>
> You mean like a house mortgage... in the end these credit purchases are
> still paid from income.
>[/color]
No I mean things like equity lines and people living high on the hog.
All on borrowed credit.
|
07-11-2005, 01.55.02
|
|
Re: Unilever considers outsourcing IT, HR jobs
In article <011120051752493354%gofig@mac.com>, Go Fig <gofig@mac.com>
wrote:
[color=blue]
> In article <poldy-A7C2C6.16590401112005@comcast.dca.giganews.com>,
> poldy <poldy@kfu.com> wrote:
>[color=green]
> > In article <311020050555095847%gofig@mac.com>, Go Fig <gofig@mac.com>
> > wrote:
> >[color=darkred]
> > > But when the Rand Corp looked at these households they found
> > > expenditures were closer to $16-17K/year... they have a good deal of
> > > undeclared income. These people also have assets: cars, TVs,
> > > microwaves that are not consistent with 'third world' poverty levels.[/color]
> >
> > Lot of those assets charged on credit from predatory lenders.[/color]
>
> But they still are paid off... a portion of that is from undeclared
> income.[/color]
Yeah people pay minimums, while paying high double-digit rates. They
will never get out from under that debt.
[color=blue]
>[color=green]
> >
> > I believe a lot of the American standard of living, up through the
> > middle class, is borrowed.[/color]
>
> You mean like a house mortgage... in the end these credit purchases are
> still paid from income.
>[/color]
No I mean things like equity lines and people living high on the hog.
All on borrowed credit.
|
07-11-2005, 01.55.02
|
|
Re: Unilever considers outsourcing IT, HR jobs
In article <011120051752493354%gofig@mac.com>, Go Fig <gofig@mac.com>
wrote:
[color=blue]
> In article <poldy-A7C2C6.16590401112005@comcast.dca.giganews.com>,
> poldy <poldy@kfu.com> wrote:
>[color=green]
> > In article <311020050555095847%gofig@mac.com>, Go Fig <gofig@mac.com>
> > wrote:
> >[color=darkred]
> > > But when the Rand Corp looked at these households they found
> > > expenditures were closer to $16-17K/year... they have a good deal of
> > > undeclared income. These people also have assets: cars, TVs,
> > > microwaves that are not consistent with 'third world' poverty levels.[/color]
> >
> > Lot of those assets charged on credit from predatory lenders.[/color]
>
> But they still are paid off... a portion of that is from undeclared
> income.[/color]
Yeah people pay minimums, while paying high double-digit rates. They
will never get out from under that debt.
[color=blue]
>[color=green]
> >
> > I believe a lot of the American standard of living, up through the
> > middle class, is borrowed.[/color]
>
> You mean like a house mortgage... in the end these credit purchases are
> still paid from income.
>[/color]
No I mean things like equity lines and people living high on the hog.
All on borrowed credit.
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