Re: VW

Last night the legislature raised income taxes from 3.9% to 4.3%. Added
service tax to various services which did not have strong lobbyists on hand
(Barbers, landscaping, golf, etc.) The cost of living in this State just
went up for everyone who still works.

Right now, the majority of patients who are coming in for treatment, are
retired. The retired folk still get the same monthly check (mostly), while
the working folk all have smaller checks (or none at all).

I am waiting to see what happens to Chrysler Engineering. I hope I am
wrong, but I expect to see some significant staff reductions at the local
Chrysler Headquarters.

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Amatus

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"Vaughn Simon" <vaughnsimonHATESSPAM@xxxxxxxxxxxx> wrote in message
news:PNOLi.156561$ax1.102420@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

"Amatus Cremona" <nicola@..amanti.com> wrote in message
news:M8WdnbyQp5QMNGLbnZ2dnUVZ_qiinZ2d@xxxxxxxxxxxxxxxxxxx
Bank of America just bought one of the largest banks in our State. They
announced that they will lay-off 1500 management personel in the State.
800 of which are in this City.

On the bright side, the auto worker strike was settled quickly. Every
time they mentioned the strike on the news I thought of Amatus & Co.

Seriously, Michigan should reinvent itself as a retirement Mecca. It
has much to recommend it. Particularly, housing and other costs of living
must be relatively cheap given that Michigan is essentially in the midst
of a depression. Having spent most of my life in a "retirement Mecca"
area, I can tell you that it goes a long way to insulate an area from the
ups & downs of the economy because those folks continue to arrive with
cash in their pockets regardless of what is happening to the rest of the
economy.

If the hurricanes continue, Florida's future as a "retirement Mecca"
(and as the future home of the Simons) is in serious doubt. It would be
smart marketing for another state to step into the gap.

Vaughn



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