[JayCT]

Originally Posted by Lalalally

This artiicle is not about UBS, but RBS. Two separate companies... one British, the other Swiss. UBS vacated their US headquarters in Stamford a few years ago, and it is no longer "news". The skeleton workforce remaining has been subletting space from RBS headquarters across the street. This article is about the latest round of RBS Stamford layoffs. It bled out 600 positions since 2015. Just the latest round of 23 this month, with more to come by year end, per the article. So no, **** ain't as bright and rosy as you always like to portray. In fact it kind of sucks in downtown right about now

I know the difference. I was responding to the comment made on the vacant UBS building and its future. Now that its ownership and mortgage issues have been cleared up, the building may be open to getting a tenant or tenants.

Also, according to the latest information available, UBS still has 800 employees in Stamford which is hardly a "skeleton workforce". Jay

After deleting Stamford jobs, UBS bonus pool drops - StamfordAdvocate

[JayCT]

Originally Posted by kidyankee764

You do realize that 23 is just the latest in round after round of layoffs. Overall, you're looking at quite a few. And these are (were) high paying jobs.

Stop ignoring what's clear. It helps nothing.

I am ignoring nothing so stop saying I am. BPt111 questioned if RBS will remain in Stamford. I am pointing out that people are getting upset about 23 jobs out of several hundred. The article clearly indicates the amount of jobs RBS has cut in Stamford BUT it also notes that RBS has committed to remaining in Stamford. Yes, there will be more layoffs to come but the company has said they will be remaining in the state. Jay

[Henry10]

Originally Posted by Lincolnian

Many people complain but do nothing constructive to help correct the situation. Businesses could come together and work with the state to address the problems beyond just saying reduce taxes and regulations.

So now it is the private sector's fault for the Govt running wild?

Originally Posted by Lincolnian

In the 70s and the 80s the companies in the area were much more involved in the communities where they were located. They understood the problems of the people who they employed and lived in the area.

Private businesses are part of the civil society. As Govt has grown bigger it grows in a plenary way -- it sucks the oxygen out of the room, and leave less to the civil society to resolve without Govt dictating what to do and what to not do.

Heavy regulatory burden is not just an esoteric concept. It is real.

Now, private companies and citizens have less freedom to arrange their relations in a "free market" kinda of way. Now Govt tells them how to conduct their transactions. Every deviation is severely punished, not just intimidated.

Secondly, nowadays the mood has gradually shifted from free market capitalism to crony capitalism or outright socialism, like many economic facets in CT.

Originally Posted by Lincolnian

We have multiple insurance companies in the area but cannot come up with an affordable plan that can help resolve the healthcare costs problem of state workers as well as the general population?

First off, why one affordable plan? What not many affordable plans, and let people choose? Are people stupid or something, so "father knows best?"

Secondly, no company or association of companies has any power to come up with anything without the elephant in the room -- Govt. So large insurers worked with the Govt and came up with Obamacare, which provides large subsidies to insurers. That's basically transfer of wealth from the middle class to Aetna, BC/BS etc.

Originally Posted by Lincolnian

We have multiple colleges in the Hartford area but we cannot come up with a joint research center for high demand areas of growth in science and technology?

Joint Research Center for high DEmand areas of Growth? So we need to research the research to research? You're kinda reaching the ear around the head -- how about a straight shot down Broadway -- tell the Govt to lower regulatory burden, lower taxation (i.e. confiscation of surplus value), loosen the noose, show fiscal discipline -- this is not a secret, just a way that Socialists loathe to consider.

Originally Posted by Lincolnian

We cannot expect our part-time partisan elected officials to solve complex problems that many of them lack the knowledge and background to understand and find solutions.

I agree, we didn't elect our officials to solve anything -- we elected them to follow the law, and the Constitution. There are lot smarter people out there who will solve the complex problems. But of course, politicians and bureaucrats usurped that power, and now the corrupt and the dumb are trying to fix the problems of the smart.

Originally Posted by Lincolnian

We also need to honestly look at duplicity of services at the state level....

Concentration of Govt power will solve the problem?

Originally Posted by Lincolnian

Instead the stakeholders need to address root cause issues which deal with reducing poverty in urban areas.

We're not gonna solve the problems that Marxism creates with a Marxist mindset.

[JayCT]

Connecticut added about 7,000 jobs in June which is great news but has only gained about 84% of the total jobs lost in the 2008 recession. BUT it does appear that ALL of the private sector jobs that were lost have been returned. It is the public sector jobs that have not been recovered and given the current state of our government (Federal, State and local), it appears those jobs are not going to be coming back soon. Jay

CT's job gains continued in June | HartfordBusiness.com

[Henry10]

Originally Posted by JayCT

Connecticut added about 7,000 jobs in June which is great news but has only gained about 84% of the total jobs lost in the 2008 recession. BUT it does appear that ALL of the private sector jobs that were lost have been returned. It is the public sector jobs that have not been recovered and given the current state of our government (Federal, State and local), it appears those jobs are not going to be coming back soon. Jay

CT's job gains continued in June | HartfordBusiness.com

Good news, but double-good news that Govt jobs will not return anytime soon. CT can't afford current govt workforce, let alone more.

[Lalalally]

Originally Posted by JayCT

I know the difference. I was responding to the comment made on the vacant UBS building and its future. Now that its ownership and mortgage issues have been cleared up, the building may be open to getting a tenant or tenants.

Also, according to the latest information available, UBS still has 800 employees in Stamford which is hardly a "skeleton workforce". Jay

After deleting Stamford jobs, UBS bonus pool drops - StamfordAdvocate

Jay, not for anything, but UBS not only had the largest trading floor in CT. And not only the largest in NYC. And not only the largest in the U.S. But the largest In the ENTIRE WORLD. The 700 or so who have now piggybacked and sublet space from neighboring RBS, is in fact a "Skelton crew" Just trying to keep it real. It sucks in CT, at the moment.

[MrGompers]

Originally Posted by Lalalally

Jay, not for anything, but UBS not only had the largest trading floor in CT. And not only the largest in NYC. And not only the largest in the U.S. But the largest In the ENTIRE WORLD. The 700 or so who have now piggybacked and sublet space from neighboring RBS, is in fact a "Skelton crew" Just trying to keep it real. It sucks in CT, at the moment.

Lose of the trader jobs has nothing to do with CT and it's an industry wide issue. A lot of the traders job are being replaced by computers. For example, an S&P 500 index fund only needs one or two people to oversee trading operations, since a computer program can buy and sell every stock in the index.

The place to be in finance is computer IT operations. i.e. the people who write these trading programs.

Back office operations are dying too. For example, nearly all settlements now are done electronically for the last 10 years at least.

[JayCT]

Originally Posted by Lalalally

Jay, not for anything, but UBS not only had the largest trading floor in CT. And not only the largest in NYC. And not only the largest in the U.S. But the largest In the ENTIRE WORLD. The 700 or so who have now piggybacked and sublet space from neighboring RBS, is in fact a "Skelton crew" Just trying to keep it real. It sucks in CT, at the moment.

And yet the number of private sector jobs has returned to the prerecession figures. That means the state job market is doing VERY well now. Yes, there are some areas that could be better but that will always be the case and is the case EVERYWHERE. Jay

[JayCT]

Originally Posted by Henry10

Good news, but double-good news that Govt jobs will not return anytime soon. CT can't afford current govt workforce, let alone more.

Can't argue with you there. Jay

[East of the River]

Originally Posted by Henry10

So now it is the private sector's fault for the Govt running wild?




Private businesses are part of the civil society. As Govt has grown bigger it grows in a plenary way -- it sucks the oxygen out of the room, and leave less to the civil society to resolve without Govt dictating what to do and what to not do.

Heavy regulatory burden is not just an esoteric concept. It is real.

Now, private companies and citizens have less freedom to arrange their relations in a "free market" kinda of way. Now Govt tells them how to conduct their transactions. Every deviation is severely punished, not just intimidated.

Secondly, nowadays the mood has gradually shifted from free market capitalism to crony capitalism or outright socialism, like many economic facets in CT.




First off, why one affordable plan? What not many affordable plans, and let people choose? Are people stupid or something, so "father knows best?"

Secondly, no company or association of companies has any power to come up with anything without the elephant in the room -- Govt. So large insurers worked with the Govt and came up with Obamacare, which provides large subsidies to insurers. That's basically transfer of wealth from the middle class to Aetna, BC/BS etc.




Joint Research Center for high DEmand areas of Growth? So we need to research the research to research? You're kinda reaching the ear around the head -- how about a straight shot down Broadway -- tell the Govt to lower regulatory burden, lower taxation (i.e. confiscation of surplus value), loosen the noose, show fiscal discipline -- this is not a secret, just a way that Socialists loathe to consider.




I agree, we didn't elect our officials to solve anything -- we elected them to follow the law, and the Constitution. There are lot smarter people out there who will solve the complex problems. But of course, politicians and bureaucrats usurped that power, and now the corrupt and the dumb are trying to fix the problems of the smart.



Concentration of Govt power will solve the problem?




We're not gonna solve the problems that Marxism creates with a Marxist mindset.

Crony capitalism is a big problem unfortunately it's a problem for both parties. So it's not going away anytime soon.

The insurance companies worked with the AMA and the government to create Obama care. It was in many ways it was the business man's health plan. And we see how that went health care is not a market that works under normal principals so we will have to go another way.