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Tuesday, July 20, 2010

Sales Tax Collections On Track To Plump Mercury Marine Dividends

FDL Reporter Excerpt:
Early numbers on revenue generated by the new county sales tax — about $500,000 in May alone — appear on track to pay financing for Fond du Lac County government's loan to Mercury Marine.
The half-percent county sales tax was instituted to pay for the financing of the county's $50 million loan to Mercury Marine. As reported, Fond du Lac County has provided $30 million to Mercury Marine of its $50 million committment. Additional $10 million payments will be made in September of this year and March of 2011.

As of 12PM today.
LAST $13.08 USD CHANGE TODAY +0.64 5.14% VOLUME 1.4M

Out of context? Think again.

Harley Warns Again: Cut labor costs or we’ll move; earnings triple

Harley-Davidson Inc. has again warned that production costs must be cut at its Wisconsin operations or the work will be moved elsewhere.
JS Online Excerpt:
The company said Tuesday that second-quarter net income more than tripled to $71.2 million, or 30 cents a share, from $19.8 million, or 8 cents, a year ago... It earned 59 cents a share, excluding discontinued operations, for the three months ended June 27. Shares rose as much as 15% after the earnings announcement.
Shareholders rule. Privatize the profits, socialize the losses or we'll leave!

1 comment:

Anonymous said...

This is disgusting. How an employer, whose business it is to turn a profit on their products and services for their investors, are suckling on the teat of local taxpayers. People, WAKE UP!!@

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