Verizon Workers Continue To Strike …

    …as well they should since  the company posted a  2nd quarter revenue increase of 2.8 percent to $27.5 billion. Hell, the 1st quarter was very good for Verizon as well, with earnings of $27 billion and they even added 2.2 million iPhone activations.

   The strike, by the Communications Workers of America and the International Brotherhood of Electrical Workers is over the usual suspects;health care, pensions and work rules

 

 2nd Quarter

Consolidated

• 57 cents in diluted earnings per share (EPS), compared with a loss of 42 cents per share and adjusted EPS (non-GAAP) of 51 cents in 2Q 2010.

Wireless

• 6.6 percent year-over-year increase in service revenues in 2Q 2011; data revenues up 22.2 percent; 27.1 percent operating income margin and 45.4 percent Segment EBITDA margin on service revenues (non-GAAP).
• 2.2 million net additions, excluding acquisitions and adjustments, includes 1.3 million retail postpaid net customer additions; 106.3 million total connections, includes 89.7 million retail customers.
• Retail postpaid churn of 0.89 percent, the lowest in three years.

Wireline

• 189,000 FiOS Internet and 184,000 FiOS TV net additions.
• 9.4 percent year-over-year increase in consumer ARPU; FiOS consumer retail revenues represent approximately 57 percent of total consumer revenues.
• 17.8 percent increase in strategic services revenues, representing approximately 48 percent of total global enterprise revenues.

Technorati Tags: Verizon,Healthcare,Wages,Communications Workers of America,International Brotherhood of Electrical Workers

What The Public Wants From “ Super Committee “

   According to the latest polling done by Gallup, Americans do want some tax increases along with some compromising on the issues by both Democrats and Republicans who will be sitting on this committee.

  Right from the beginning, Sen. McConnell has stated that he will put no Republican on the committee that would consider any tax increases. Once again, that leaves the Republicans at odds with the wishes of the American people. Would you expect anything different?

The federal budget legislation passed last week mandated that defense and Medicare would be cut back if the new super committee is not able to reach an agreement on a different plan, and if a balanced budget amendment is not passed. A majority of independents and Democrats would accept cutting defense spending, but Republicans would not. On the other hand, less than half of any political group other than the Tea Party favors cutting back on Medicare and Social Security.

  This super committee will in all likelihood turn out to be nothing more than the same bickering that we have grown accustomed to over the past few years with nothing getting done at the tax payers expense once again.

Technorati Tags: Polling,Gallup,Debt Ceiling,Budget Cuts,Politics,Super Committee,Current Events,Taxes