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901  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 05, 2014, 12:49:39 PM
Interesting article: http://m.kiplinger.com/article/inves...investing.html
Very few options available and those are the major choices that tend to be anti tobacco, alcohol, weapons, and gambling. Vs anti abortion which includes basically every pharmaceutical/medical company.Plus remember you'd have to find a 401k fund operator that even offers a fund that would fit the requirement.
Very interesting link, thanks for posting it.

The first example in the link though is one that takes into account religious considerations (Islamic), and the Forbes article did list specific religiously conscious plans to choose from. I understand that they may not always be available, but I find it rather likely (just going off assumptions) that they would be more readily available in this case than the examples provided in your article (simply owing to the relative demand of a Christian conscious choice in the US over say an Islamic choice).

And once again, I think this entire argument rather misses the drama with which Hobby Lobby approached this. They threatened closure of their business over being forced to being linked to immoral practices (however tenuous). If it is really THAT much of a concern for them they could either locate only where they could take advantage of religiously conscious 401k plans or they could do what they originally said they would have to in the face of such a moral outrage: close shop. Either way their 401k is still ironic given their PR campaign during this legal process.
Just give up- you are wrong and even you know it. Now we are laughing at the lengths you will go to try and show you are not .It isn't their money. It's their employees money.
1.) They may very well have 401ks through their company in which they are employed as well which would make it their money as well.

2.) They are the ones who get to set up the system for their business or at least give the marching orders which still makes amusing that they wouldn't make the effort if it was really that important to them.

3.) If the company matches some level of contributions then the company is still funneling money into assets held by these companies even if that money now belongs to the employee.

4.) It is still ironic.
902  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 05, 2014, 12:32:47 PM
Interesting article: http://m.kiplinger.com/article/inves...investing.html
Very few options available and those are the major choices that tend to be anti tobacco, alcohol, weapons, and gambling. Vs anti abortion which includes basically every pharmaceutical/medical company.Plus remember you'd have to find a 401k fund operator that even offers a fund that would fit the requirement.
Very interesting link, thanks for posting it.

The first example in the link though is one that takes into account religious considerations (Islamic), and the Forbes article did list specific religiously conscious plans to choose from. I understand that they may not always be available, but I find it rather likely (just going off assumptions) that they would be more readily available in this case than the examples provided in your article (simply owing to the relative demand of a Christian conscious choice in the US over say an Islamic choice).

And once again, I think this entire argument rather misses the drama with which Hobby Lobby approached this. They threatened closure of their business over being forced to being linked to immoral practices (however tenuous). If it is really THAT much of a concern for them they could either locate only where they could take advantage of religiously conscious 401k plans or they could do what they originally said they would have to in the face of such a moral outrage: close shop. Either way their 401k is still ironic given their PR campaign during this legal process.
903  Other / Politics & Society / Racism in America on: July 05, 2014, 12:09:28 PM
Some think Lyndon Johnson was not one of our best presidents.

But Johnson did pass the landmark Civil Rights Act of 1964, and that was and is a really big deal.

Today I saw one effect of outlawing dscrimination in education. In 1964 there were 365,000 African American bachelor's degrees awarded. In 2014 5.1 million were awarded.

Imagine how many lives are changed by that!

One more thought; if you think there is no role for government, try to imagine this outcome without government's involvement.
904  Other / Politics & Society / Re: Independence Day on: July 05, 2014, 11:35:29 AM

The Founding Fathers on regulating corporations.

1. “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
– Thomas Jefferson, 1802 letter to Secretary of State Albert Gallatin.

2. “I hope that we shall crush in its birth the aristocracy of our monied corporations, which dare already to challenge our government to a trial of strength, and bid defiance to the laws of our country.”
– Thomas Jefferson.

“The power of all corporations ought to be limited, [...] the growing wealth acquired by them never fails to be a source of abuses.”
– James Madison
The Founding Fathers on war.

3. “He who is the author of a war, lets loose the whole contagion of hell, and opens a vein that bleeds a nation to death.”
– Thomas Paine: The Crisis No. V, 1797

4. “War is an instrument entirely inefficient toward redressing wrong; and multiplies, instead of indemnifying losses.” -Thomas Jefferson
The Founding Fathers on liberalism.
5. “As Mankind becomes more liberal, they will be more apt to allow that all those who conduct themselves as worthy members of the community are equally entitled to the protections of civil government. I hope ever to see America among the foremost nations of justice and liberality.” — George Washington
The Founding Fathers on religion.

6. “The Government of the United States of America is not in any sense founded on the Christian religion.”
~1797 Treaty of Tripoli signed by Founding Father John Adams

7. “We have abundant reason to rejoice that in this Land the light of truth and reason has triumphed over the power of bigotry and superstition… In this enlightened Age and in this Land of equal liberty it is our boast, that a man’s religious tenets will not forfeit the protection of the Laws, nor deprive him of the right of attaining and holding the highest Offices that are known in the United States.”
~Founding Father George Washington, letter to the members of the New Church in Baltimore, January 27, 1793

8. “In every country and in every age, the priest has been hostile to liberty. He is always in alliance with the despot, abetting his abuses in return for protection to his own. It is error alone that needs the support of government. Truth can stand by itself.”
~Founding Father Thomas Jefferson, in a letter to Horatio Spofford, 1814
The Founding Fathers on taxes.

9. “As to Taxes, they are evidently inseparable from Government. It is impossible without them to pay the debts of the nation, to protect it from foreign danger, or to secure individuals from lawless violence and rapine.” –= Alexander Hamilton: Address to the Electors of the State of New York, March, 1801

http://aattp.org/9-founding-fathers-quotes-that-will-make-conservatives-heads-explode/
905  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 05, 2014, 11:19:21 AM
Earnings AND costs. The expense ratio of a typical screened fund is going to be over 1%. The expense ratio of an index fund can be as low as 0.05%.
Exactly. So it is absolutely possible if they have a high earning portfolio, I haven't taken a look at the current numbers myself so I can't compare all of the options that would have been available to them, but the Forbes article seemed to think that they were comparable in their expense ratio. Not the most solid of sourcing's, but once again, the only real thing to go off of that has thus far been presented.
906  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 05, 2014, 10:24:24 AM
The story is a bit old, but I haven't been following it very closely:

Mother Jones has discovered that Hobby Lobby which is seeking exemption from certain aspects of the Affordable Care Act on religious grounds surrounding contraception benefit requirements (a case it has won), actually invests (through their retirement fund) in companies that produces emergency contraceptives and abortion related products.

According to Mother Jones:
Quote
Documents filed with the Department of Labor and dated December 2012 (see above)—three months after the company’s owners filed their lawsuit—show that the Hobby Lobby 401(k) employee retirement plan held more than $73 million in mutual funds with investments in companies that produce emergency contraceptive pills, intrauterine devices, and drugs commonly used in abortions. Hobby Lobby makes large matching contributions to this company-sponsored 401(k).

These companies make up 3/4ths of Hobby Lobby's 401k assets.
Source: http://www.forbes.com/sites/rickunga...ous-objection/
401k is the employees money, not the company's investments. Honestly this is evidence the company is reasonable and isnt trying to force the employees to follow the company's rules on investments.


Good luck picking a group of index funds/etfs without a pharmaceutical company ...
1.) The Greens have their 401k's set up through their company as well.

2.) There are 401k plans specifically set up for religious groups in order to avoid holdings in companies that produce contraception, use stem cell research, etc.

3.) As management, they are the ones who give the marching orders on their 401k plans.
The Forbes author does not understand 401(k) plan laws or fiduciary duty. I was an ERISA lawyer for 5 years. Trust me, he is dead wrong.
I'm perfectly open to that, but I find it odd that religious 401k options would exist if companies could never choose them. Do you have any supporting evidence for your claim?
Special Etf/index funds exist, but that doesn't mean a 401k would have them.
His point is that the plan administrator could include those funds and only those funds, but did not. My point is that that this would not be consistent with the fiduciary duty to plan participants.
Only assuming non-comparable earnings correct?
907  Other / Politics & Society / Re: Independence Day on: July 05, 2014, 09:55:48 AM
Freedom is sometimes messy but the results are worth it.
AUTHOR:   Benjamin Franklin (1706–90)
QUOTATION:   “Well, Doctor, what have we got—a Republic or a Monarchy?”

                          “A Republic, if you can keep it.”



Quote
E Pluribus Unum and Semper Fidelis. 
908  Other / Off-topic / Re: Documentary Films on: July 05, 2014, 09:02:28 AM
"Phil Schneider - D.U.M.B.S (Underground Bases, Alien Greys, New World Order) HQ FULL LENGTH" - This is the craziest nonsense conspiracy video i have ever seen, worth a laugh. Basically this guy is some high up engineer who lost his hand in a battle with aliens, and there are secret bases underground where human vs aliens battle is taking place. Would make a good movie script.
909  Other / Politics & Society / Independence Day on: July 05, 2014, 08:10:22 AM
Quote
The Unanimous Declaration of the
Thirteen United States of America
In Congress, July 4, 1776

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are Life, Liberty, and the pursuit of Happiness; that, to secure these rights, governments are instituted among Men, deriving their just powers from the consent of the governed; that whenever any form of government becomes destructive of these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles, and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness. Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.
The Declaration of Independence is a timeless and constantly relevant reminder of the great experiment in human liberty begun by ancestors long gone but never forgotten. Oppression by a powerful government had finally become more than the people of the American colonies could bear. That government was thrown off in favor of a nation that would progress from its troubled beginnings to become the greatest power on Earth, not because of any evil intent as was the case with so many great powers of history but, because of its inherent decency. It has been said that America is great because it is good. I truly believe that. And I believe that goodness comes from the individual people who work every day to make America a unique and generous and creative force in the world. I worry that, as we celebrate our independence today, many of our fellow Americans are trying to move us toward a state of ever increasing dependence and away from reliance on the institutions that have made us strong - faith, family, common ideals of personal liberty and responsibility. Freedom is sometimes messy but the results are worth it.

As you go about enjoying the anniversary of our independence please pause for a moment and ponder the things that have made our nation the wonderful place it is and reflect on what we can do to continue this grand experiment in freedom. There are very few Americans seeking to abandon this land. Countless millions around the world seek to come and share this great nation and her bountiful blessings as they make their own contribution. We must be doing something right.
910  Other / Off-topic / Re: Happy 4th of July !!!! on: July 05, 2014, 08:04:09 AM
Happy independence day to you too!
911  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 04, 2014, 06:11:32 PM
I am excited that this ruling will allow Jehovah Witness owned businesses to exercise their right to not buy any insurance plans that cover blood transfusions. I am also relieved that it will allow Christian Scientist owned businesses to not even buy insurance for their employees, but will instead provide bibles as medicine for only faith in God can cure illness. And all those Scientologist owned businesses? They will now be allowed to forgo purchasing plans that cover psychiatric care. Yeah America! LET FREEDOM RING!!
That will not happen. Read the decision. How were they wrong? Explain to me why it is wrong.
Explain your understanding of natural law first so there is a base from which to work from?
This has nothing to do with natural law. It was an interpretation of a positive law, the Religious Freedom Restoration Act of 1993.
Which ultimately (to skip the long progression of positive legal precedence) has its roots in supposed natural law yes? So I reiterate the request.
912  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 04, 2014, 06:03:05 PM
I am excited that this ruling will allow Jehovah Witness owned businesses to exercise their right to not buy any insurance plans that cover blood transfusions. I am also relieved that it will allow Christian Scientist owned businesses to not even buy insurance for their employees, but will instead provide bibles as medicine for only faith in God can cure illness. And all those Scientologist owned businesses? They will now be allowed to forgo purchasing plans that cover psychiatric care. Yeah America! LET FREEDOM RING!!
That will not happen. Read the decision. How were they wrong? Explain to me why it is wrong.
Explain your understanding of natural law first so there is a base from which to work from?
913  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 04, 2014, 05:46:42 PM
Quote
First, some of the stuff in his article none of us can prove, and the Forbes author claiming this stuff is true makes him lose all credibility. Most prominently is his argument that the Greens are participants in the plan and hold the offending assets. While it may be true that the Greens are employees of the company, the 5500 form does not show you whether they actually participate and, if they do, what their holdings are. We simply do not know.
Do you find it standard for management to opt out of their own company's 401k programs?You haven't provided any supporting evidence that they couldn't chose existing options designed to avoid such moral clashes.
I would not say it is "standard," but it is not uncommon. Many officers and senior managers have top hat compensation plans or other separate plans. Sometimes owner-managers hold funds out so they can reinvest it in their business. Very often, they do not invest much or anything so that they can meet the non-discrimination test.

They could not hold any index funds.
So in other words, this is an assumption as well and one that doesn't generally favor standard practices (by your own admission). I acknowledge that the author didn't source the 401k participation by the Greens (and the burden of proof would fall on him), so I am left with the decision to either investigate further myself which I don't really care to do since, as previously stated, I'm not very interested in the topic, or choose between a slight inclination towards either Forbes or you. i'm willing to listen, but you haven't yet explained to me why religious 401k options for businesses exist if businesses aren't allowed to ever choose them.

I also find the argument that it is harder to choose a religious minded 401k option to be an uncompelling defense seeing as how they were perfectly willing to threan closure and take the government all the way to the Supreme Court over small details of their health insurance. They don't seem to have any qualms with slight inconvenience on that front.

I also don't think that they maliciously or even knowingly put their assets in those companies. I find it much more likely that it represents a minor case of managerial negligence in terms of being informed. I just find it a rather ironic happenstance.
914  Other / Politics & Society / Re: The OTHER SC Ruling...Union Slap Down on: July 04, 2014, 05:37:51 PM
The real reason that unions are hated so much by the republicans is that the unions give the working man a loud voice.  The unions were able to do a good job of making sure voters got to the booth. So for many years the corporations have been fighting to end union rights so they have no voice.  I hate to tell you poor deluded idiots but the union voice was a voice for you. Try reading a little history of this country.'  Can any of you tell me where the term redneck came from.
You get a few loud conservative voices who take a job in a union shop and  somehow think that the union hasn't got the right to speak for the general welfare of the members of the union because they pay dues. But they sure like the benefits the union got for them. If you don't want to work in a union shop, what's stopping you from walking away and going to work somewhere where there isn't one - say... Walmart? I'll tell you what it is - it's the fact that they like a 40 hour work week, they like getting benefits like paid vacation and medical insurance, and they like getting a living wage. The fact that the Union is responsible for making all those things happen means nothing to them. Rush Limbaugh told them that the union is holding them back and they believe him. Labor unions are, as you said, the ONLY voice that working people have in the public venue. Individually we working class people have no power. None. We haven't got millions to spend buying the ear of legislators. But COLLECTIVELY; pooling our resources and speaking as a group we have both sufficient funds to compete in lobbying AND large voting blocks to get politicians' attention. That's why unions exist, and why they are crucial to the future of America.
915  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 04, 2014, 05:15:27 PM
One is perfectly capable of debating the merits of actions outside of the letter of the law. In fact, the development of good and just lawsets depends on such public discourse and oversight.
I don't agree with that. Positive law is only "good" or "just" when measured against natural law, not public discourse. Public discourse is often the enemy of the good and the just.
Tell that to the inhabitants of the DRCongo who legally had to pay around 300% of their business revenues to the central government.
What are you talking about? That would be an example of a positive law that violates natural law. No debate needed.
And what natural law are you going with here? It was a very Hobbesian method of legal structuring.
916  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 04, 2014, 05:04:46 PM
Quote
First, some of the stuff in his article none of us can prove, and the Forbes author claiming this stuff is true makes him lose all credibility. Most prominently is his argument that the Greens are participants in the plan and hold the offending assets. While it may be true that the Greens are employees of the company, the 5500 form does not show you whether they actually participate and, if they do, what their holdings are. We simply do not know.
Do you find it standard for management to opt out of their own company's 401k programs?You haven't provided any supporting evidence that they couldn't chose existing options designed to avoid such moral clashes.
917  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 04, 2014, 04:53:42 PM
One is perfectly capable of debating the merits of actions outside of the letter of the law. In fact, the development of good and just lawsets depends on such public discourse and oversight.
I don't agree with that. Positive law is only "good" or "just" when measured against natural law, not public discourse. Public discourse is often the enemy of the good and the just.
Tell that to the inhabitants of the DRCongo who legally had to pay around 300% of their business revenues to the central government.
918  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 04, 2014, 03:51:21 PM
One is perfectly capable of debating the merits of actions outside of the letter of the law. In fact, the development of good and just lawsets depends on such public discourse and oversight.
919  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 04, 2014, 03:37:32 PM
The story is a bit old, but I haven't been following it very closely:

Mother Jones has discovered that Hobby Lobby which is seeking exemption from certain aspects of the Affordable Care Act on religious grounds surrounding contraception benefit requirements (a case it has won), actually invests (through their retirement fund) in companies that produces emergency contraceptives and abortion related products.

According to Mother Jones:
Quote
Documents filed with the Department of Labor and dated December 2012 (see above)—three months after the company’s owners filed their lawsuit—show that the Hobby Lobby 401(k) employee retirement plan held more than $73 million in mutual funds with investments in companies that produce emergency contraceptive pills, intrauterine devices, and drugs commonly used in abortions. Hobby Lobby makes large matching contributions to this company-sponsored 401(k).

These companies make up 3/4ths of Hobby Lobby's 401k assets.
Source: http://www.forbes.com/sites/rickunga...ous-objection/
401k is the employees money, not the company's investments. Honestly this is evidence the company is reasonable and isnt trying to force the employees to follow the company's rules on investments.


Good luck picking a group of index funds/etfs without a pharmaceutical company ...
1.) The Greens have their 401k's set up through their company as well.

2.) There are 401k plans specifically set up for religious groups in order to avoid holdings in companies that produce contraception, use stem cell research, etc.

3.) As management, they are the ones who give the marching orders on their 401k plans.
The Forbes author does not understand 401(k) plan laws or fiduciary duty. I was an ERISA lawyer for 5 years. Trust me, he is dead wrong.
I'm perfectly open to that, but I find it odd that religious 401k options would exist if companies could never choose them. Do you have any supporting evidence for your claim?
920  Other / Politics & Society / Re: Turns out that Hobby Lobby holds assets in emergency contraception production on: July 04, 2014, 03:22:34 PM
The Forbes article misses a key issue: the 401(k) plan is a separate legal entity from the employer. The plan has what is known as a plan fiduciary who is required by law to act in the best interests of the plan participants (the employees) not the plan sponsor (the employer).
It is true that there are mutual funds that screen out certain types of investments, but those funds often have higher expense ratios or loads and other fees. This means you would get a lower real return with the morality funds. So, a good fiduciary should not choose those funds.
The article addressed both of those points in its July update if you keep reading. The returns are also comparable.
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