Related
what are your thoughts?
p/s If you are interested in forex, you can go to this website for forex guides and EUR/USD views.
www.TheGeekKnows.com
The articles are simple to read and understand.
I am not a pesimistic person, but at least on my country, the economic recesion is far away from see the light...
Hard times correspond to working harder!
the economy is getting worse and worse every day in every country i think we should go to space and make new countries now
I'm proof that the economy is in the dumps.
At home enjoying time with my little ones...
HotJobbing, Craiglistin', Careerbuilding, Indeeding, sleeping...
Aaaahhhh....this is the life...
2 months and counting...
No rush.
Simply stated, the economy is getting worse.
Creditors are becoming more stringent as are people with expendable capital.
We're in for the long haul.
Worse. Read up.
Oh look!!! I'm ranting!!!
leobox1 said:
what are your thoughts?
Click to expand...
Click to collapse
Sorry...but what do you mean by "One year on?" This situation we're all in has been brewing since 2006...it's just the lame terminology of what a recession is (a widespread decline in the GDP and employment and trade lasting from six months to a year). I worked with the building trade (provided tools and equipment) and we could see the slow decline in building around the last quarter in 2006. This was a sign that there was something going on...and of course the 5 year mark on ARM loans for homes was just a nail in the economic coffin. People being given homes that banks knew they could not afford--lying--err..."Underwriting" assets to inflate a person's assets so they could get a bigger loan. So...here we are with
-people living in apartments,
-working hard to get a condo or a townhouse for $120K in 2000,
-smiling in 2002 at the inflated equity their $425K home currently has,
-Using said equity to purchase a $700K house at ARM and paying only $2K a month
-Realizing that the 5 years is up and that their loan has now skyrocketed to $5K a month
-Not being able to afford such a payment, $300K in equity down the drain...
-back in an apartment.
Very sad, but I'm sure you know of at least on of these situations...
For those that are having trouble paying their home (at no fault of their own) such as loss of income, disability, hardship...Google up HAM loan modification...
might help...
leobox1 said:
what are your thoughts?
Click to expand...
Click to collapse
Unfortunately, the picture is not as rosey as the government & wallstreet want U to beleave. We have a long way to go for paying down the deposite and creating good jobs!
I am a pesimistic person
but I say it may have gotten a bit better
but the damage don with companys going under
and people being fired have not peeked yet nor is it likely
to this year
In India, i think we have not even seen as such as being seen by Americans.
Lots of Indian shifting back to India from America. But nonetheless we have seen some decline in sales and jobs markets, but not as much as in abroad.
guess on the ground, things are still tough..
then its scary to see the markets value going up these days again as it may
be a bubble again...
when you hit rock bottom there is only up to go
think it got some raising to do before it could be a bubble
because now most is worth more then you can get for it
Still stuck in the rut no job not prospects no future "yeah i'm making a joke" but infact i have seen no change in the current climate with work being the bigest was made redundant and the field i work in is a bismal "in my location" and has been since the day i had to leave........
Fix Up........... Look Sharpe........
Things can only get better
+1!!
That´s the positive thinking!!
Cheers for that!
oil is now at $70+
way above the low of $30+
Unemployment index is still very high, and many companies are still a bit hesitant about hiring. However, Dow Jones is moving up (though it might just be a slight bit of higher confidence), the housing market is slowly recovering (though bad mortgages are still being collected, and "big banks" are still writing them off), hiring is looking somewhat positive for the first time in a while and consumer confidence is starting to pick up again (retail is looking good again, meaning people are spending more).
Nobody's really sure whether this is the light at the end of the tunnel, but it might be a little break from the storm.
I think many factors are behind the share rally. The cash for clunkers program is one. The Chinese government's forcing its bank to lend is another. Then, there is also the issue of financial institution given the leeway to value the toxic assets as anyting they want once again which mask the problems. Add to that the massive money printing by the US government, and some of those money are now propping up the US share market.
Bank CEO's are doing anything in their power (including cooking their books) to justify paying themselves obscene bonuses once again.
When the Chinese government forced the State controlled banks to lend, there is no actual demand by businesses or individuals to borrow it. After all the export market is shrinking rapidly. But since the order from the top must be followed, the banks have to bribe the borrowers to accept the loan. These loans ended up in risky properties, shares, and commodity futures bets and gambles. We already see how the Shanghai A share plunged 20% within a few days recently when the Chinese goverment announced that it is "finetuning" its lending policy. The Chinese has yet to learn to spell bubbles but I think it is definitely forming and that will in turn send a shockwave throughout the world.
Unemployment is still worsening, not geting better. The loan defaults in US is now a more serious problem in the primed mortgage area, even surpassing that in the subprime mortage area. The banks are once again packaging extremely risky assets and try to market them to unsuspecting investors all over again.
According to some reports, the insiders are throwing out their own share at the ratio of 8:1 (for every share they buy, they're selling 8), while the fools are being sucked in once again.
Unfortunately, retail investors will never learn. Memory is short. The reason is we're all driven by greed. Many are investing purely with a herd's mentality. Once again, they're not happy with a small trading profit and try to hold it longer for larger gain. Once again, they may find out that when the market head for the exit again, they can't sell it fast enough as the big guys who have everything computerised.
There is so much spin going around in the market, with so many experts telling us that the economy has recovered. They won't tell you about 77 (edit: Just read from Bloomberg that it is now 84 in the year 2009) US banks have already collapsed this year. According to a very famous analyst, hundreds more are heading that way. They manipulate the unemployment figures to make it look less worst than it actually is. They are trying to encourage private investor to buy up those lousy banks with worthless assets.
I think the world is now characterised by the Chinese doing all the hardwork for the West to enjoy, and their money are still with the west in the form of investments that they are stuck with. This was the great imbalance that, unless corrected, will continue to worsen the problem of the world. This imbalance is unsustainable.
The "stimulus" is no stimulus that resume the heatbeat when removed. It is more like a crutch, which remove, the patient collapses once again.
The world needs reform. The imbalance needs to be addressed. The Chinese/Japanese/Indian must start consuming more and save less. The West must start consuming less and save more. There is also progressively more imbalance in the world in terms of pay. Just look at what the greedy CEOs are getting compared to the ordinary workers. As a result, the purchasing power of the masses, hence consumption power in the economy, will suffer.
Just my 2 cents.
newsuser, nice read
S&P500 is now above 1000
I think economy will recover at least a little bit in the next year. Of course recovering from what happened is hard and takes several years but I am quite positive that it will go up again, at least because everyone tightened their belts a little bit. I think that was kind of an important lesson learned for our society. Not everything works out the way we want forever.
s&p500 is now around 1060 .. rather fast do u folks think?
I made this thread because I'm pretty sure other threads are made of this topic but I wanted to create a newer one since all these new products are coming out.
I would choose Apple because:
1)Selling over priced, under powered (for the price) computers that have no customization (well barely and I mean like building your own)
2) Changing the animal on their OS, add a .1, add features that can come in an update, and calling it a whole new OS.
3) Selling the iPhone and making the iPad (the iPod touch seems like the only good Apple Product). They don't know what the term "smart" phone means. I mean no multi tasking, boring, un-creative UI. The features in the iPhone/iPad may have been ground breaking 7 years ago but not today.
4) How it makes the fanboyz/fangirlz go crazy about the product because they hypnotized them about how they are good and the other companies are evil. The fanboyz/fangirlz are mad because they spent a lot of cash on an over priced piece of doo-doop) and they have to unleash their anger on past mistakes of another company while forgetting about the new features in the product today.
I like only one thing of apple products and mostly their software for computers: They have pretty good video editing software and that is pretty much it.
Unleash your inner fanboy/fangirl and just rant.
Apple has done a lot for the world though, with the ipod influencing other MP3 players, as well as showing that the linux based operating system can be used in mainstream media. I'd go more with AT&T and verizon mostly because of the monopolies that they have on the cell phone market right now. I'd rather have no contract phones which allow a pay per use plan. Either that or Walmart because of their screwing consumers.
All the oil/petroleum companys!!!!!!!!!!!!!
AndroidNoobie said:
I made this thread because I'm pretty sure other threads are made of this topic but I wanted to create a newer one since all these new products are coming out.
I would choose Apple because:
1)Selling over priced, under powered (for the price) computers that have no customization (well barely and I mean like building your own)
2) Changing the animal on their OS, add a .1, add features that can come in an update, and calling it a whole new OS.
3) Selling the iPhone and making the iPad (the iPod touch seems like the only good Apple Product). They don't know what the term "smart" phone means. I mean no multi tasking, boring, un-creative UI. The features in the iPhone/iPad may have been ground breaking 7 years ago but not today.
4) How it makes the fanboyz/fangirlz go crazy about the product because they hypnotized them about how they are good and the other companies are evil. The fanboyz/fangirlz are mad because they spent a lot of cash on an over priced piece of doo-doop) and they have to unleash their anger on past mistakes of another company while forgetting about the new features in the product today.
I like only one thing of apple products and mostly their software for computers: They have pretty good video editing software and that is pretty much it.
Unleash your inner fanboy/fangirl and just rant.
Click to expand...
Click to collapse
I agree with you completely. Don't forget Quicktime (terrible UI and runs background services), iTunes (way to lock up music, Apple), iPods (same dial, same disk space, half the price elsewhere), and the iPod touch (what's the purpose or purchasing a stand-alone portable media wifi device again? that must come in real handy on the beach, in clubs, bars, and everywhere else wifi doesn't exist).
Also, who can really respect a company that basically releases dumbed-down technology basically saying that their customers are slow and stupid and lack self-respect when it comes to not being able to customize their portable devices? Notice how in the Windows Phone 7 Series walk-through found on MSDN today, the president/manager of the project said, "If you buy the phone we are going to let you customize it."
Also, special mention for Verizon, who really has worked hard to rip off the average consumer.
verizon. worst company ever.
AT$T has to go. This is undoutedly the worst company in the world. They have their heads so far up Apple's ass they should be called Apple T$T.
They simply do not care that people hate them, they have no new phones, except updated Tilts and Diamonds. They have the absolute worst customer service
http://digitaldaily.allthingsd.com/...sumer-reports-best-cell-phone-service-survey/
Latest example: My wife and I split ( no big deal , long time coming ) she decided that she wanted to take the iPhone that I bought her and the Propel that I bought her son, both of which I had put on my account, and get her own acount with AT$T. Without any notice to me, AT$T allowed her to take the phones and signed her up to two new two year contracts, and as I only found out yesterday, charged me with $300 dollars in early termination fees. When I challenged them on this, they said that I can always continue to pay for the numbers until the contract runs out. I asked them , since they allowed her to take the phone off of my account, why don't they just terminate the contract.
They informed me that the contract was for the numbers not the handsets. And that who ever was using the handsets, was out of their control. They further said that the contracts are meant to offset the subsidizing of the phones. I clearly pointed out that holding me to the balance of the original contract for the phones and then signing them up to two new two year contracts for the same two phones, was " double dipping " and that any reasonable customer service rep who wanted to keep a 7 year customer with four phones on AT$T would see that by cancelling the two contracts, AT$T was not losing any money and had infact guaranteed themselves more money by signing the ex and her son to two new 2 year contracts.
At which point they continued their mantra " the contract was for the phone numbers, not the phones themselves. " At which point, I cancelled the two phones that I had that were out of contract. Put the ex and her son's # on suspended service for $9.99 a month until the contract expires. And now must make a decision on what to do with my iPhone in July when that contract runs out. In the last seven years, I have paid AT$T $ 10,000- $14,000 in connection fees, and some dope in their customer service dept is forcing me to go elsewhere over $300 in early termination fees that are being paid for by " double dipping " in another account. Stupidity like this has got to go.
Where would this company be if Steve Jobs decides to yank there heads out of his butt ?
Oh Yeah, iPhone, Mac Book, iPod touch, 2 iMacs, U2 iPod classic = Apple Fanboy here.
Everybody hates the people who " get it "
Rogers Wireless, which used to be Rogers AT&T. We're seeing a pattern here
Probably AT&T. AT&T has terrible service nearly everywhere, crappy customer service (moreso than most telcos), and poor overall selection of devices.
Ever since the iPhone was introduced, AT&T has basically given up on maintaining their network at a usable level. The worst is when you call their terrible customer service only to be greeted by a voice announcing that they are "home of the iPhone" before you actually get help. I don't hate the iPhone, I have a few of them in fact, but I hate how AT&T having exclusivity over the iPhone has led to them ignoring all other aspects of their company.
They've almost forgotten about Windows Mobile and have completely ignored Android and WebOS devices, instead opting for more feature phones, because we all need more $20 Nokias and Samsungs. AT&T stopped trying once they got exclusivity of the iPhone, figuring that they wouldn't have to actually get business by being good at what they do, but rather by forcing people into switching in order to get their desired device.
If you don't believe me about the terrible customer service, I have a story for you. For Christmas of 2009, my mother and sister wanted iPhone 3GSes to replace their aging original iPhones. My father I waited to go to the AT&T store until the night before, because one of the incompetent CS representatives we talked to over the phone said that the original iPhones would deactivate, and we didn't want them deactivated for very long, should they need their phones. However, this was untrue, meaning we had to wait in long lines on Christmas Eve when we could have bought the iPhones months ago with no negative effects
After we finally got served by a representative, we were told that the bill we had mailed out almost two weeks ago still hadn't been processed yet, and in order to pay the lower upgrade price instead of the full retail price (~$500), we would have to pay the bill at the store, and have the check we mailed out be credited to our account. After we did that, the lady sold us the iPhones, which seemed fine. Except it wasn't fine, since she upgraded of the iPhones on my father's account, instead of my mother's which was a pain to deal with when we bought my father an iPhone a few weeks later. After we finally got the iPhones and drove home, we immediately got a call from the AT&T store, letting us know that the woman who sold us the iPhones had forgotten to put one of them back in the box after activating it, meaning we had to drive back again and pick up the phone which they forgot. The moral of this story is that AT&T is a horrible company, and a good portion of their customer service representatives are incapable of doing their jobs properly or giving correct information.
I actually have a few more AT&T stories to share, but I think I'd probably run past the 10,000 character post limit were I to share them all
AT&T...I left them a few years ago because of their ripoff plans, iphonia, no customer support, etc.
No point mentioning any as basically every coporation would be on my hit list
Fallen Spartan said:
No point mentioning any as basically every coporation would be on my hit list
Click to expand...
Click to collapse
This is true! I listed one, but could have easily listed hundreds!
I'm not against corporations in general; I'd love to take money from consumers to better myself. But I do have a problem with every Apple idiot thinking Apple is doing great when really they are just taking advantage of people without their own identities and morons.
Yesterday's closing stock prices:
Microsoft>$28.63
RIM ( Blackberry )>$70.40
Nokia>$13.35
Motorola>$7.05
Palm>$9.31
HTC Corp.>$9.65
Apple>$201.47
Wow, sure must be a lot of us idiot, identity lacking , morons, getting taken advantage of by Apple.
Down with Tootsie Roll Industries, Inc.!
denco7 said:
Yesterday's closing stock prices:
Microsoft>$28.63
RIM ( Blackberry )>$70.40
Nokia>$13.35
Motorola>$7.05
Palm>$9.31
HTC Corp.>$9.65
Apple>$201.47
Wow, sure must be a lot of us idiot, identity lacking , morons, getting taken advantage of by Apple.
Click to expand...
Click to collapse
And don't forgot Google at $543!
galaxys said:
And don't forgot Google at $543!
Click to expand...
Click to collapse
Lawlz. Apple got pwned. Google gets lot of money from gmail, gtalk, google maps, etc. Plus they put all that on their android phones too.
Apple
Check this out:
http://www.businessinsider.com/the-...nvironment-2009-9#15-archer-daniels-midland-1
flyboy
denco7 said:
Yesterday's closing stock prices:
Microsoft>$28.63
RIM ( Blackberry )>$70.40
Nokia>$13.35
Motorola>$7.05
Palm>$9.31
HTC Corp.>$9.65
Apple>$201.47
Wow, sure must be a lot of us idiot, identity lacking , morons, getting taken advantage of by Apple.
Click to expand...
Click to collapse
I'm hoping that this is sarcasm and that you realize that this is actually support against Apple's dominance. Stock prices for the most part are based on hype and a LACK of knowledge about a company. There's more idiots than smart people in the US, so a company like Apple should thrive. George W. Bush got elected twice. There are plenty of idiots around to think Apple is worth it.
A carpet die company somewhere in LA county. The XXXX told me to XXXX when I asked if they could sell me a smaller portion of carpet die for a smaller price.
Mod Edit: Foul language not acceptable, rules of XDA, juniors visit the site, warning given.
poetryrocksalot said:
A carpet die company somewhere in LA county. The XXXX told me to XXXX when I asked if they could sell me a smaller portion of carpet die for a smaller price.
Click to expand...
Click to collapse
hahahahhahaa
Background:
I am a recent graduate with a BS in electrical engineering. During college I worked for 3 different companies doing work related to my major through the COOP program. I put in more than 6 months of full time work at each.
Company A:
I have been working at Company A for 3 months in 5 days; also, in 5 days my probationary period will expire. Company A is a German born company. A large majority of my coworkers are German and since all of the equipment was made in Germany all of the code and designs are in German. And I do not speak any German. The job currently is mostly maintenance with some development, and much more development planned in the future. The company is global with approximately 5,500 employees. They are a market leader in the automotive field and are expanding. Also, I am a salaried employee.
Company B:
Recently I was contacted by Company B and offered a job. I had multiple interviews with them during the job hunt process that landed me the job with Company A. Company B is a much smaller development firm. They have been in business for 60 years.
Comparison:
The equipment and devices used in the offered job are more the standard in the United States. So if Company A was to let me go 20 years down the road it might be harder for me to find a job in the USA. The job offered, is a hourly based job and 10 minutes from home(vs 30). The jobs have comparable pay and benefits, assuming I work 3 hours of OT each week at Company B. I was told it is normal to work 5 hours OT each week. Company B seems like there is more room for growth. The work at Company B will most likely be more demanding and rewarding than that at Company A. I have no personal issues with Company A and would feel bad about leaving them and the friends I have made.
The Dilemma:
Stay with a secure large company using foreign technologies that pays slightly more or move to a company that offer more room for growth and possibly be better for my career.
Any input would be greatly appreciated!
my advice , take a german course(take your time , self development always pays) , get a nice position in the said upcoming dev projects , and they wont let go of you even if theres a workforce dismantling in the US outsource , and u need to take that in account in these hard times
and about the 30 min vs 10 min , reward yourself with a nice car system , and turn that dullride to a joyride
while you're younger you should take more risk. In my opinion, i'd go for the company where there's more chance for growth and is more demanding, giving you valuable experience you will likely use the rest of your career. Personaly, i would take a pay cut to work in an environment where i was truly needed and appreciated with daily challenges and long term goals.
I would work at Company B
Any advancement in your life is what you should strive for. As humans we always look for a challenge and the next best thing for us, and as you already know a challenge and a push to try harder is just fundamental (That's why you're on xda haha) Plus if you really think about it company B sounds more stable anyways, and the 10 minute car drive opposed to the 30 minute one would probably be paying you back for the slightly lowered pay from company B...you'll save on gas haha
My overall summary: Shoot for improvement and self-adaptation, you should still take that German course though, it'll be helpful to boast about haha Go for company B
Is company B offering 40% increase over your salary? Otherwise, the stress and the drawbacks of changing companies won't be worth it. Besides, you'd need an excuse to change companies, but you can easily stay without compromising your status quo.
You can say that you are leaving for a better offer, but it seems like they are paying you even less.
So, unless there's something wrong with Company A (toxic environment, abusive boss/coworkers, etc.) other than a different language, I'd suggest you stick with Company A for the time being
Yours Sincerely
-An accountant that changed too many jobs-
I like what I've been reading in the responses you've gotten up-thread of this one from me, but I'd like to offer a different perspective on this situation. In part, I will be echoing souljaboy's comments.
In any professional environment, you need to do deep research on every company you either are working for or which is a potential suitor. To fail to do this is both foolish and dangerous. What I mean about "deep research" incorporates a number of things. First, you need to see how their stock (whether publicly or privately held) is doing, and what its performance has been over its history. Remember, context isn't "everything", it is the "only thing".
Second, you need to look into what their customers in total have been saying about them, along with vendors and anyone else you can find out about (Google is thy friend, but so are contacts and social networks). When a company -- especially an American company -- makes any claim to stability, it's not so much that you should be skeptical, but you need to remember we in America are short-sighted, and so a "long term" plan means maybe a year or two (at best, if you're lucky).
The fact that Company B has a 60 year track record is nothing to sneeze at, so that's a good start, but you need to know more.
Third, you need to learn something of the inside politics of the company. How long have the BoD been there? Who are they? What do people (stockholders, others in the industry, etc.) say about them? Remember that companies are just like fish: the rot starts at the head. A company can "look" alright but may have decaying leadership and other issues which seriously jeopardize its future viability. Don't be too easily deceived.
Ok, apart from fully investigating Company B, let's take a look at Company A.
It's a German company, which means that it's based in a member country of the European Union, and it also means its future is tied to such things as the value of the Euro, the EU member bail-outs (think Greece, for instance) and then step back and realize that all of these basically "political" factors may have long-term effects. Also remember that the EU, the U.N., and others are discussing changing the global currency backing from the U.S. Dollar to something else, and this is liable to have a sharply negative impact on U.S. <> German economic interactions.
Because Company A is a member of the automotive industry, you need to look long and hard at what's going on in other, seemingly-unrelated areas like oil, wind/solar/battery, etc. Even a stable company that's made no mistakes on its own can crumble if the rug is pulled out from underneath it harshly enough.
Also, you need to ask yourself a question: What are the fundamental reasons (this list should not exceed two or three items) that company set up U.S. operations to begin with? Then, ask yourself: if the U.S. economy (or the German economy) went to hell, or if things like tax rates for foreign companies, or import duties, were to go up significantly, at what point would your U.S. operation no longer remain viable? Then, lastly, ask yourself where things are presently in relation to that upper cut-off.
While it obviously pays to not be tin-foil hat conspiracy-theorist on this, it also pays to remember the Titanic and Britannic were "unsinkable" too.
Good luck to you, whatever you may decide.
SciFiSurfer said:
I like what I've been reading in the responses you've gotten up-thread of this one from me, but I'd like to offer a different perspective on this situation. In part, I will be echoing souljaboy's comments.
In any professional environment, you need to do deep research on every company you either are working for or which is a potential suitor. To fail to do this is both foolish and dangerous. What I mean about "deep research" incorporates a number of things. First, you need to see how their stock (whether publicly or privately held) is doing, and what its performance has been over its history. Remember, context isn't "everything", it is the "only thing".
Second, you need to look into what their customers in total have been saying about them, along with vendors and anyone else you can find out about (Google is thy friend, but so are contacts and social networks). When a company -- especially an American company -- makes any claim to stability, it's not so much that you should be skeptical, but you need to remember we in America are short-sighted, and so a "long term" plan means maybe a year or two (at best, if you're lucky).
The fact that Company B has a 60 year track record is nothing to sneeze at, so that's a good start, but you need to know more.
Third, you need to learn something of the inside politics of the company. How long have the BoD been there? Who are they? What do people (stockholders, others in the industry, etc.) say about them? Remember that companies are just like fish: the rot starts at the head. A company can "look" alright but may have decaying leadership and other issues which seriously jeopardize its future viability. Don't be too easily deceived.
Ok, apart from fully investigating Company B, let's take a look at Company A.
It's a German company, which means that it's based in a member country of the European Union, and it also means its future is tied to such things as the value of the Euro, the EU member bail-outs (think Greece, for instance) and then step back and realize that all of these basically "political" factors may have long-term effects. Also remember that the EU, the U.N., and others are discussing changing the global currency backing from the U.S. Dollar to something else, and this is liable to have a sharply negative impact on U.S. <> German economic interactions.
Because Company A is a member of the automotive industry, you need to look long and hard at what's going on in other, seemingly-unrelated areas like oil, wind/solar/battery, etc. Even a stable company that's made no mistakes on its own can crumble if the rug is pulled out from underneath it harshly enough.
Also, you need to ask yourself a question: What are the fundamental reasons (this list should not exceed two or three items) that company set up U.S. operations to begin with? Then, ask yourself: if the U.S. economy (or the German economy) went to hell, or if things like tax rates for foreign companies, or import duties, were to go up significantly, at what point would your U.S. operation no longer remain viable? Then, lastly, ask yourself where things are presently in relation to that upper cut-off.
While it obviously pays to not be tin-foil hat conspiracy-theorist on this, it also pays to remember the Titanic and Britannic were "unsinkable" too.
Good luck to you, whatever you may decide.
Click to expand...
Click to collapse
+1
I am, of course, speaking as an accountant that can market his skills across a vast range of industries. Engineers will have a different take on things as well.
I wanted to thank everyone for their input!
I decided to go with Company B. I gave Company A my 2 weeks notice on Monday. After that Company A came back with an offer for a rather large salary increase along with an increase in my annual bonus. Not to mention they pointed out some benefits I did not know existed. Like full reimbursement on any higher education as long as the grade in the course is a B or higher and pertained to my job.
With that in mind it makes really hard to leave the benefits, stability, and salary of Company A. So I am calling back Company B to let them know I plan to stay with Company A after all...
Thanks again.
Blauvster said:
I wanted to thank everyone for their input!
I decided to go with Company B. I gave Company A my 2 weeks notice on Monday. After that Company A came back with an offer for a rather large salary increase along with an increase in my annual bonus. Not to mention they pointed out some benefits I did not know existed. Like full reimbursement on any higher education as long as the grade in the course is a B or higher and pertained to my job.
With that in mind it makes really hard to leave the benefits, stability, and salary of Company A. So I am calling back Company B to let them know I plan to stay with Company A after all...
Thanks again.
Click to expand...
Click to collapse
Definitely sounds like good news
I have a retailer business here in Singapore. We sell mobile phone accessories along with our retails of the latest mobile phones. The Peterson Group was introduced to me by a friend of mine when my distributor failed to meet my needs. At first, it was a good deal. They have the latest model of almost all accessories in the market. They showed us samples and made great deals for us. Since we are new partners, they even threw some free accessories in the package as well.
They have nice staff, very accommodating. My business clicked and many people came to us since the products that we have are fresh from the market and we are on the lead compared to our competitors. While their product is still being shipped, ours are already nearly out of stock. I was even dreaming of expanding our business, renting stalls in big malls or even bring my business to Jakarta, Indonesia where my wife’s family resides. However though, the reality became a nightmare when about 3 months after I signed contract with The Peterson Group, the complaints on our products’ defect came frequently. We dealt with angry and frustrated customers. We know this is normal in this kind of business and we dealt each complaint with patience.
There were times that I was even the one who defended TPG and thought that maybe some of the customers break their chargers in purpose to get a refund. When one customer threatened to sue of having fraud products, it is when I became alarmed. The test and sample products seemed to be working but why is it that the deliveries are not working when they should be? I tried contacting TPG about this. After hundreds of connecting calls to so many people and telling my story a few thousand more, I was finally promised that they would conduct an investigation on this. I decided to give them a chance to redeem themselves. After two weeks, no one came and when I called, I get connected to voicemail and no one called me back. I now know that I have been deceived. I don’t want others to lose thousands of dollars like me. I am now working with my attorney on legal actions that I can take against them.
.
You have to sue them, dude. It is against the law to sell defected products.
Reply to The Peterson Group Fraud Company Failed Promises
Heard of this issue a year ago but wasn’t sure the details behind it.
Every business has its own flaws. It may be that they just made a huge miscalculation at that time.
How do these scammers even get away from bad things they do? As I know it, The Peterson Group is one of the leading wholesalers of mobile accessories in Asia. Is this account true?
Is The Peterson Group still operating until now? How far will they be able to fool everyone?
There are a lot of fraud people especially in these kinds of business. With a lot of available products around offering the same brand, you would not know which one is legit.
I don’t think The Peterson Group can do this kind of thing. I have been with them for a few years now and nothing like this happened.
Same issue for me.
Same issue for me. But I wasn’t able to realize it before hand since the communication was constant. First, they were not able to deliver my products on time which caused me precious business time and kept me from reaching my monthly goal quota. The representative I talked to said that they were having big update on their shipping lines which halted some of their operations but I was promised that they are to deliver in one week’s time. I relented. They delivered after a week and a day. I let it pass. One time, when my staff was showing the functionality of one of the accessories to a potential customer, it suddenly burst into flames. The shame that I have felt in front of that shocked customer was really to the core. It also caused us a lot of money and I even suspended my staff, thinking that he has demonstrated wrong while we do the investigations. Our electrics engineer checked and it showed that there are defects on the product itself. We also checked the other deliveries and it confirmed that the products have been created from different parts of dismantled brands. I immediately contacted The Peterson Group regarding this. To make the matters worse, complaints started pouring out as well from emails, calls and personal means. I decided to end it when they weren’t able to give me anymore excuses. I am now with a different distributor.
I am actually wondering how they get away with it? They even hire people around to get involved. I hear they are a big company. How do they manage to fool even the government?
I have used Samsung for a long time (including the Note 7 fiasco) and have many of their products in my house. I like using Samsung Pay, except it doesn't work on Apple Pay capable terminals in my area, but they have now gone too far. I'm done.
My rewards points were substantial. I was not aware they expired so I was just letting them roll. I tonight find out that they do expire and they have all been devalued at some time in February of this year I think. This devaluation has cost me $120+! There was no grandfathering or adjusting existing points with this unannounced and uninformed change. Further accumulating points has also been cut in half, basically.
If you take the time to dig you can find out about the expiring points on the Samsung Site, but you MUST dig. I was told by more than one Samsung Rep that they did NOT expire. If Samsung were a decent company it would appear in the FAQs. There is nothing anywhere about the devaluation of existing points, a $100 card went from 40,000 to 50,000 points or 20%!
They could have emailed notice of the redemption change, or prorated the old points, or grandfathered the redemption rate on old points, but nope. Nothing. Nada. Basically, we are taking back some of that money we promised you when you bought our product, too bad. I'm done with their big company bullying.
Does this break the bank? Of course not. It is the principle. There is too much decent competition out there and I'll live without Samsung Pay. By the time I buy another phone the world around here may have caught up and it will not be "special" anyway.
So if you have Samsung Rewards points, sorry about your luck.
Well, I can see your point, very valid as you expected some benefits when you made your purchase, but for many people, like me, the only reason to buy a note 8 was the device itself, I really did not care about points, bonuses, gifts, bundled goodies, etc, I just wanted the supberb device the note 8 is, but that is my opinion
winol said:
Well, I can see your point, very valid as you expected some benefits when you made your purchase, but for many people, like me, the only reason to buy a note 8 was the device itself, I really did not care about points, bonuses, gifts, bundled goodies, etc, I just wanted the supberb device the note 8 is, but that is my opinion
Click to expand...
Click to collapse
Same all that extra ish....I never cared for.....am i even a loyal Samsung guy....no....even tho i favored Samsung phones over others from note 3 to 8....from Samsung epic 4g(s2) to s8+...
The only thing that would make me leave Samsung phones are the locked bootloader...but guess what it's still locked and I'm still here because the phones are just to good to pass on.....points? Meh.....but I do get it....its the principal of just letting us know....
I too normally feel that way about points programs. But this was a $200 rebate that is now $100 and other rebates from item purchases. I may have bought the products without the rebates IDK.
Samsung said at the ti. e of the purchase "here's the deal", paid me off in points, then reduced the value of the points WITHOUT notice. They retroactively changed the terms of the sale.
I dont buy Apple products because of company practices, so now Samsung has grown too big and developed that same "Do as we want to the customer" practice. Tired of their lies. What is the next lie to me?
Phredeee said:
I tonight find out that they do expire and they have all been devalued at some time in February of this year I think.
Click to expand...
Click to collapse
Yes the points you earn were cut in half, yet the cost of items have remained the same which will take you twice as long to get something. I have been occasionally using Samsung Pay to get the $20 gift-card at 6000 points since they cut the points in half then I am probably dropping it. It was a great incentive to use Samsung pay but now it will take forever to get anything which makes the point system dang near useless. The only reason I may still use Samsung Pay is the security regarding those "skimmers" people are using at gas pumps/etc to help cut back on someone stealing my credit card number, even though it still happens every couple years or so...
Samsung Rewards rip-off
xbmoyx said:
..., yet the cost of items have remained the same .....
Click to expand...
Click to collapse
Not true. The cost of items increased by 20%. See my example of a $100 rewards card increase from 40,000 points to 50,000 points. This happened across the board on the Rewards Cards. I've heard that gift cards and Samsung product redemptions also increased but can't confirm.
So it is a double whammy for their customers. You earn less AND it takes more at redemption. Done without notice or concern for their existing customers.
Sure, companies revamp their rewards programs. But they either pro rate existing points or notify the customer of upcoming changes or both. Samsung did neither.
Phredeee said:
Not true. The cost of items increased by 20%. See my example of a $100 rewards card increase from 40,000 points to 50,000 points. This happened across the board on the Rewards Cards. I've heard that gift cards and Samsung product redemptions also increased but can't confirm.
So it is a double whammy for their customers. You earn less AND it takes more at redemption. Done without notice or concern for their existing customers.
Sure, companies revamp their rewards programs. But they either pro rate existing points or notify the customer of upcoming changes or both. Samsung did neither.
Click to expand...
Click to collapse
I believe there was a notification on the SamsungPay app/ email (I do not remember which or both). So, they are not deceptive. Maybe you missed it/ blatantly choose to ignore it?
Also, when you signup for Samsung Pay, it clearly says points expire after 1 year, so....
Sure, they did not grandfather the point values, but, those are points and if you really wanted to get something, you should have redeemed it. There is no reason to flak a company if you did not take pains to understand how and when the points expire. If its hurting your bottom line so much, did you try calling SamsungPay support and talk to them and inform about your concern? I have done that multiple times and they have been reasonable.
Reward programs and all will always change at the will of the company, thats what they mention in the fine print. So, if you "agreed" to the terms, you have little to no choice. As an individual, if you want to stop buying Samsung products, sure, its your choice. Will it change Samsung or anyone else? Not really. C'est la vie!
xbmoyx said:
Yes the points you earn were cut in half, yet the cost of items have remained the same which will take you twice as long to get something. I have been occasionally using Samsung Pay to get the $20 gift-card at 6000 points since they cut the points in half then I am probably dropping it. It was a great incentive to use Samsung pay but now it will take forever to get anything which makes the point system dang near useless. The only reason I may still use Samsung Pay is the security regarding those "skimmers" people are using at gas pumps/etc to help cut back on someone stealing my credit card number, even though it still happens every couple years or so...
Click to expand...
Click to collapse
myechophone said:
I believe there was a notification on the SamsungPay app/ email (I do not remember which or both). So, they are not deceptive. Maybe you missed it/ blatantly choose to ignore it?
Also, when you signup for Samsung Pay, it clearly says points expire after 1 year, so....
Sure, they did not grandfather the point values, but, those are points and if you really wanted to get something, you should have redeemed it. There is no reason to flak a company if you did not take pains to understand how and when the points expire. If its hurting your bottom line so much, did you try calling SamsungPay support and talk to them and inform about your concern? I have done that multiple times and they have been reasonable.
Reward programs and all will always change at the will of the company, thats what they mention in the fine print. So, if you "agreed" to the terms, you have little to no choice. As an individual, if you want to stop buying Samsung products, sure, its your choice. Will it change Samsung or anyone else? Not really. C'est la vie!
Click to expand...
Click to collapse
I received no notice. or I surely would not have chosen to lose over $100 by choice. Certainly not blatantly.
"...if you really wanted to get something, you should have redeemed it..." Really!? Is it not reasonable to let points accumulate in order to reach a desired goal?
If you read my post you will see where I mention it is not about my bottom line. Yes, I have spoken to SamsungPay support 4 times in the last day. Explaining each time, each time there is nothing offered, NOTHING. Realizing the first tier of support is limited to their authorization I request to speak to a supervisor. Each time I'm promised a call back. None of those 4 call backs have happened. The last was 4 hours ago. That's some customer respect, eh? " Just lie to them, they will go away." Going away is exactly what I'm doing. This is just one forum where I express my feeling on the issue. Perhaps someone else notices that is shopping. IDK, maybe.
There may have been some notice of point expiration and/or change in the rules in the boilerplate fine print in the beginning. Hardly clearly by any measure. No one that I know reads the entire EULAs/terms in detail. If Samsung cared about making these details clear they would be in the FAQs. I searched for an explanation and found nothing on their web site about the redemption value change. What's clear is that they don't want it clear. They didn't want a run on the points and if they can save $100 per customer it sure does help their bottom line. Most companies phase these changes in.
No, I don't think that my rant will directly affect Samsung at all. But remember, class actions all start with a single person.
Phredeee said:
I have used Samsung for a long time (including the Note 7 fiasco) and have many of their products in my house. I like using Samsung Pay, except it doesn't work on Apple Pay capable terminals in my area, but they have now gone too far. I'm done.
My rewards points were substantial. I was not aware they expired so I was just letting them roll. I tonight find out that they do expire and they have all been devalued at some time in February of this year I think. This devaluation has cost me $120+! There was no grandfathering or adjusting existing points with this unannounced and uninformed change. Further accumulating points has also been cut in half, basically.
If you take the time to dig you can find out about the expiring points on the Samsung Site, but you MUST dig. I was told by more than one Samsung Rep that they did NOT expire. If Samsung were a decent company it would appear in the FAQs. There is nothing anywhere about the devaluation of existing points, a $100 card went from 40,000 to 50,000 points or 20%!
They could have emailed notice of the redemption change, or prorated the old points, or grandfathered the redemption rate on old points, but nope. Nothing. Nada. Basically, we are taking back some of that money we promised you when you bought our product, too bad. I'm done with their big company bullying.
Does this break the bank? Of course not. It is the principle. There is too much decent competition out there and I'll live without Samsung Pay. By the time I buy another phone the world around here may have caught up and it will not be "special" anyway.
So if you have Samsung Rewards points, sorry about your luck.
Click to expand...
Click to collapse
I mean it is kind of caveat emptor. I, it seems, wisely cashed in my points every 10K for my $50 gift cards. My wife just missed out on having enough this go around. Now she has close to the 12,500 that she needs, but it will take even longer. It is a free points system though, they don't even have to offer you anything. Plus you are getting any interest you may accrue by leaving the money in your bank account and paying your credit card once a month. You also get any rewards points that card may offer. It really is double or triple dipping.
I imagine people like my wife and I are the reason they halved it and increased it. We have extra phones and maxed them out every month under normal operation. To the tune of about $40 a month when you work the math out. I can't think of any reason Samsung will lose sleep over not retaining your business. This is truly a trivial reason to boycott them. What were you saving up for anyway? A Ferrari?
Hell I can think of a few reasons that personally effect me in a much larger financial scale right off the top of my head.
Note 7. $500+
Dropped support for my Note 12.2 Pro. $500+
ARC HDMI port stopped working on my 75" TV $2000+
Don't forget Samsung is the ONLY device with MST payments. I don't even carry a wallet anymore...and I've never had a terminal that would accept ApplePay and my phone/watch not work.
please note that in the retail business, expiring points is common practice. it is also stated somehwere in the 'fine print' that was never read and tossed away.
thinking otherwise is a grave misunderstanding on your part.
Anyways, the device it self and any marketing schemes are 2 things and are 2 very different departments. Hell, samsung usa samsung canada and samsung xyz all have their own terms and conditions.
its like buying mc donalds coffee and collecting the tags to evenrually get a free coffee. well they probably expire. and if they dont that means they reserve the right to pull the promo at anytime.
the question you need to ask yourself is:
are you buying the cofee because its good or because you want a free one eventually?
i work support in the retail business and loyalty accounts, points etc is just a scheme to make you buy more. Isint this common knowledge?
At this rate, you should boycott everything if you are unhappy with the terms because samsung is just the point of the iceberg.
in the long run, the only meaningful thing that you can do is stop spending money period. they are all out there to get you.
now with all these pay pass technologies you can spend even faster to accumulate more points to then spend them again etc...it never ends till you put a stop to it.
Ok. So the def. common practice caused you to boycott samsung products...
I see.
To he honest, I never paid attention to the rewards points. For me, the most important thing is the device itself, the design, the features, how advanced it is. I guess like Apple who never gave you any reward points will never piss you off
Me too for many reasons... Reason 1 is the delayed updates... RiP Samsung
DemGer said:
Me too for many reasons... Reason 1 is the delayed updates... RiP Samsung
Click to expand...
Click to collapse
Wow. I guess Samsung will change their strategy. Too many people leaving.
DemGer said:
Me too for many reasons... Reason 1 is the delayed updates... RiP Samsung
Click to expand...
Click to collapse
I got Oreo a week after the S8. Which came out like 6 months before. Of course they wouldn't release Oreo before the S9 came out. What delay?
A few points:
The interest earned current in bank accounts is miniscule. Credit card interest in my case is moot since I pay none.
It is not common practice to be so evasive informing customers that there are changes happening to loyalty programs. I've had loyalty points prorated when points were devalued. How far do you have to drill down at Samsungs Rewards website to find any mention of points expiring?
Samsung Customer Service promised many calls and emails that simply did not happen.
I have Samsung TVs, Washer, Dryer, Microwave, Refrigerator, Phones, and more. All purchased within the last 2 years with well over $15k spent.
It is not really about the money or the product, it is about how I'm being treated. I wasn't happy about how I was treated with the Note 7 either.
Samsung Pay capability and the $200 price reduction were by far the driving force behind my purchase of the Note 8. Samsung Pay is becoming less desirable since it works at fewer and fewer places as Apple Pay becomes more popular. My phone does not work wherever Apple Pay does (newer POS machines). I have talked to Samsung many times about this with zero results. The $200 rebate has changed now also. I am paying more for less.
Samsung expects me to return, and do without a phone for weeks, if I have a warranty issue. Even if the phone is only days old. This is just another detail that is not well communicated by Samsung.
I could go on and on about features promised but not available. So, my decision is about the cumulative disrespect shown by the "grown too large" Samsung.
Sure, it's a nice phone. But is it that much nicer than the competition if it doesn't have Samsung Pay and cost $100+ more? Why should I buy Samsung? Not price, not service, and the competition is close with other Android phones and I expect to be even closer as time goes on.
Well, clearly you made a big mistake when you bought a note series phone, this device is meant for those who find the s pen and all its functions the number 1 reason to buy it, if this unique characteristic was not the compelling reason to buy a note series device, then an iphone would have been a more useful option for you, as you said that you find more and more apple pay sites and less and less samsung pay sites, at least where you live or work or travel
I'm sorry but I am sure the rewards points expiring ins in the ToS agreement. You know that lil fine print everyone just checks I agree without reading. So it's on you and not them.
As far as updates it seems all phone makers and carriers drags their feet on updates. As they all love to put their little stuff in there over base android. If you want timely updates with android. You need to use a Google phone. I like samsung phones even with the note 7 fiasco. I started with moto original droid phone and moved to HTC but the phones went downhill over time.
I have used apple devices but found them lackluster at best. Not saying it's a bad phone as I suggest them to people that wants a phone that's simple to operate. All phones has their drawbacks
Sent from my SM-N950U1 using Tapatalk