Archive for the ‘Economics’ Tag

Union Membership of Workforce by Selected Countries   Leave a comment


If it wasn’t for unions, we would all be working for minimum wage.  If it wasn’t for minimum wage, we would all be starving and the business capitalists would be splurging on all kinds of expensive toys.



Percentage of workforce that is unionized by country.


What is surprising is France is at only 7.7 percent. The United States is higher at 10.8 percent.



Kickin’ ass for the drinking class…


Posted January 31, 2016 by markosun in Uncategorized

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Greece Financial Crisis Ad Nauseam   Leave a comment

Enough already, this situation is verging on the absurd.

Greece’s MPs are debating tough economic measures they must approve by the end of the day in order for a eurozone bailout deal to go ahead.

The possible €86bn bailout was agreed on Monday, though one of Greece’s creditors, the International Monetary Fund, says it does not go far enough.

The deal requires Greece to increase taxes and raise the retirement age.



On the lighter side of this:

air force

THE PENTAGON – Air Force spokesman Col. Marty Turner announced today that the Air Force is asking the European Union for bailout funds to pay for the next fiscal year’s F-35 development program.

The move comes after the Pentagon denied the Air Force’s request to cut an additional 19 Army Brigade Combat Teams (BCTs) to pay for another squadron of the fighters. The F-35 has the dubious distinction of being the most expensive military weapon system in recorded history.

“We really had no choice,” explained Turner to assembled reporters after announcing the bailout request. “They only agreed to cut two Army brigades, which barely pays for a single aircraft. Since the EU is looking to field the F-35 in the future it’s really in their best interest to make sure this thing keeps getting funded.”

Some have speculated that the timing of the request was connected to the EU offering Greece its third multi-billion dollar bailout in less than five years.

“Oh absolutely,” Turner agreed. “The F-35 program is too big to fail, but there are five or six members of Congress who don’t have some portion of the aircraft being manufactured in their districts and who therefore can’t see the wisdom of slashing the rest of the entire military to pay for a mediocre platform.”

“That’s why we’ve turned to the one organization that we know will support a losing proposition with no fiscal end in sight,” he added.

When asked what else could be cut if the EU fails to bail out the F-35 program, Turner listed several options, including the Army’s airborne division, several nuclear submarines, or the Marine Corps.

“But I wouldn’t worry about it,” he concluded. “If they cut Greece another check you know those idiots will bail out anyone.”


Posted July 15, 2015 by markosun in Uncategorized

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The money handlers rule the roost in Canada   3 comments

The banks still lead the way when it comes to rankings of biggest companies in Canada.  They have thousands of lawyers and accountants scheming up ways to maximize profits. As an example in the last 10 years ATMs have begun disappearing, not to mention actual banks with people working in them. Toronto-Dominion bank has reduced both of the aforementioned. Especially bank machines.  Now customers have to use other banks ATMs to withdraw money. Thus they are subject to extra transaction fees. The gouging never stops.


From Wikipedia, the free encyclopedia
This is a list of the 100 largest public companies in Canada by profit as of 2013.
Increase Increase in rank
Decrease Decrease in rank
Steady No change in rank

Rank Rank Change Company Profit (1,000’s CAD unless otherwise noted) Headquarters
1 Increase 2 Royal Bank of Canada 7,442,000 Montreal & Toronto
2 Steady Bank of Nova Scotia 6,466,000 Toronto
3 Decrease 2 Toronto-Dominion Bank 6,367,000 Toronto
4 Increase 3 Bank of Montreal 4,115,000 Montreal & Toronto
5 Increase 1 Imperial Oil 3,766,000 Calgary
6 Increase 2 CIBC 3,339,000 Toronto
7 Decrease 2 Suncor Energy 2,783,000 Calgary
8 Increase 5 BCE Inc. 2,763,000 Montreal
9 Increase 3 Canadian National Railway 2,680,000 Montreal
10 Decrease 2 Potash Corporation of Saskatchewan 2,668,000 Saskatoon
11 Increase 987 The Woodbridge Company 2,070,000 Toronto
12 Increase 2 Husky Energy 2,022,000 Calgary
13 Increase 2 Great-West Lifeco 1,930,000 Winnipeg
14 Decrease 3 Canadian Natural Resources 1,892,000 Calgary
15 Increase 35 First Quantum Minerals 1,772,900 Vancouver
16 Increase 1 Goldcorp Inc. 1,749,000 Vancouver
17 Increase 123 Manulife Financial 1,736,000 Toronto
18 Increase 3 Rogers Communications 1,700,000 Toronto
19 Increase 966 Sun Life Financial 1,674,000 Toronto
20 Decrease 2 Power Financial 1,626,000 Montreal

Right behind the banks are the energy, insurance and mineral companies.  But these guys actually provide products and services, banks don’t really give anything back to society.  Just like stock market brokerage firms, they skim off the top.  And the world goes round and round.

Posted May 18, 2015 by markosun in Uncategorized

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Four of the Giant American Juggernaut Technology Companies   Leave a comment

Number 1

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, online services, and personal computers. Its best-known hardware products are the Mac line of computers, the iPod media player, the iPhone smartphone, the iPad tablet computer, and the Apple Watch smartwatch. Its online services include iCloud, the iTunes Store, and the App Store. Apple’s consumer software includes the OS X and iOS operating systems, the iTunes media browser, the Safari web browser, and the iLife and iWork creativity and productivity suites.

Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976, to develop and sell personal computers. It was incorporated as Apple Computer, Inc. on January 3, 1977, and was renamed as Apple Inc. on January 9, 2007, to reflect its shifted focus towards consumer electronics. Apple (NASDAQ:AAPL) joined the Dow Jones Industrial Average on March 19, 2015.

Apple is the world’s second-largest information technology company by revenue after Samsung Electronics, world’s largest technology company by Total Assets and the world’s third-largest mobile phone maker. On November 25, 2014, in addition to being the largest publicly traded corporation in the world by market capitalization, Apple became the first U.S. company to be valued at over $700 billion. As of 2014, Apple employs 72,800 permanent full-time employees, maintains 437 retail stores in fifteen countries and operates the online Apple Store and iTunes Store, the latter of which is the world’s largest music retailer.

Apple’s worldwide annual revenue in 2014 totaled US$182 billion (FY end October 2014). Apple enjoys a high level of brand loyalty and, according to the 2014 edition of the Interbrand Best Global Brands report, is the world’s most valuable brand with a valuation of $118.9 billion. By the end of 2014, the corporation continued to manage significant criticism regarding the labor practices of its contractors, as well as for its environmental and business practices, including the origins of source materials.

Apple’s new world headquarters Apple Campus II (under construction)


Other dimensions Accommodating 12,000 staff
Technical details
Floor count 4
Floor area 2,800,000 square feet (260,000 m2)
Grounds 176 acres (710,000 m2)

Traded as
  • Dow Jones Industrial Average Component
  • NASDAQ-100 Component
  • S&P 500 Component
  • Computer hardware
  • Computer software
  • Consumer electronics
  • Digital distribution
Founded Cupertino, California, U.S.
(April 1, 1976; 39 years ago (1976-04-01))
  • Steve Jobs
  • Steve Wozniak
  • Ronald Wayne
Headquarters Apple Campus, Cupertino, California, U.S.
Number of locations
437 Apple retail stores in 15 countries (October 2014)
Area served
Key people
  • Arthur D. Levinson (Chairman)
  • Tim Cook (CEO)
  • Mac
  • iPod
  • iPhone
  • iPad
  • iPad Mini
  • Apple TV
  • Apple Watch
  • OS X
  • iLife
  • iWork
  • iOS
  • Apple Store
  • Apple Store online
  • Mac App Store
  • iOS App Store
  • iTunes Store
  • iBooks
  • iCloud
Revenue Increase US$ 182.795 billion (2014)
Operating income
Increase US$ 052.503 billion (2014)
Net income
Increase US$ 039.510 billion (2014)
Total assets Increase US$ 231.839 billion (2014)
Total equity Decrease US$ 111.547 billion (2014)
Number of employees
98,000 (2014)
  • FileMaker Inc.
  • Anobit
  • Braeburn Capital
  • Beats Electronics

Number 2

Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington, that develops, manufactures, licenses, supports and sells computer software, consumer electronics and personal computers and services. Its best known software products are the Microsoft Windows line of operating systems, Microsoft Office office suite, and Internet Explorer web browser. Its flagship hardware products are the Xbox game consoles and the Microsoft Surface tablet lineup. It is the world’s largest software maker measured by revenues. It is also one of the world’s most valuable companies.

Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for Altair 8800. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Microsoft Windows. The company’s 1986 initial public offering, and subsequent rise in its share price, created three billionaires and an estimated 12,000 millionaires from Microsoft employees. Since the 1990s, it has increasingly diversified from the operating system market and has made a number of corporate acquisitions. In May 2011, Microsoft acquired Skype Technologies for $8.5 billion in its largest acquisition to date.

As of 2013, Microsoft is market dominant in both the IBM PC-compatible operating system and office software suite markets (the latter with Microsoft Office). The company also produces a wide range of other software for desktops and servers, and is active in areas including Internet search (with Bing), the video game industry (with the Xbox, Xbox 360 and Xbox One consoles), the digital services market (through MSN), and mobile phones (via the Windows Phone OS). In June 2012, Microsoft entered the personal computer production market for the first time, with the launch of the Microsoft Surface, a line of tablet computers.

With the acquisition of Nokia’s devices and services division to form Microsoft Mobile Oy, the company re-entered the smartphone hardware market, after its previous attempt, Microsoft Kin, which resulted from their acquisition of Danger Inc.

Microsoft Headquarters


Traded as
  • Dow Jones Industrial Average Component
  • NASDAQ-100 Component
  • S&P 500 Component
Industry Computer software
Consumer electronics
Computer hardware
Founded Albuquerque, New Mexico, U.S. (April 4, 1975; 40 years ago (1975-04-04))
Founder Bill Gates, Paul Allen
Headquarters Microsoft Redmond Campus, Redmond, Washington, U.S.
Area served
Key people
  • John W. Thompson (Chairman)
  • Satya Nadella (CEO)
  • Bill Gates (founder, technology advisor)
  • Windows
  • Office
  • Servers
  • Skype
  • Visual Studio
  • Dynamics
  • Azure
  • Xbox
  • Surface
  • Mobile
  • more…
  • MSN
  • Bing
  • OneDrive
  • MSDN
  • TechNet
Revenue Increase US$ 86.83 billion (2014)
Operating income
Increase US$ 27.76 billion (2014)
Net income
Increase US$ 22.07 billion (2014)
Total assets Increase US$ 172.38 billion (2014)
Total equity Increase US$ 89.78 billion (2014)

Number of employees  128,000 (2014)

Number 3

Google is an American multinational technology company specializing in Internet-related services and products. These include online advertising technologies, search, cloud computing, and software. Most of its profits are derived from AdWords, an online advertising service that places advertising near the list of search results.

Google was founded by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University. Together they own about 14 percent of its shares but control 56 percent of the stockholder voting power through supervoting stock. They incorporated Google as a privately held company on September 4, 1998. An initial public offering followed on August 19, 2004. Its mission statement from the outset was “to organize the world’s information and make it universally accessible and useful,” and its unofficial slogan was “Don’t be evil.” In 2004, Google moved to its new headquarters in Mountain View, California, nicknamed the Googleplex.

Rapid growth since incorporation has triggered a chain of products, acquisitions and partnerships beyond Google’s core search engine. It offers online productivity software including email (Gmail), a cloud storage service (Google Drive), an office suite (Google Docs) and a social networking service (Google+). Desktop products include applications for web browsing, organizing and editing photos, and instant messaging. The company leads the development of the Android mobile operating system and the browser-only Chrome OS for a netbook known as a Chromebook. Google has moved increasingly into communications hardware: it partners with major electronics manufacturers in the production of its “high-quality low-cost” Nexus devices and acquired Motorola Mobility in May 2012. In 2012, a fiber-optic infrastructure was installed in Kansas City to facilitate a Google Fiber broadband service.

The corporation has been estimated to run more than one million servers in data centers around the world (as of 2007); and to process over one billion search requests, and about 24 petabytes of user-generated data, each day (as of 2009).  In December 2013, Alexa listed as the most visited website in the world. Numerous Google sites in other languages figure in the top one hundred, as do several other Google-owned sites such as YouTube and Blogger. Its market dominance has led to prominent media coverage, including criticism of the company over issues such as search neutrality, copyright, censorship, and privacy.

Google Headquarters (the Googleplex)


Traded as Class A: NASDAQ: GOOGL
Class B supervoting: unlisted
Class C nonvoting: NASDAQ: GOOG
NASDAQ-100 Components (GOOGL and GOOG)
S&P 500 Components (GOOGL and GOOG)
Industry Internet
Computer software
Telecoms equipment
Founded September 4, 1998 (1998-09-04)
Menlo Park, California
Founder Larry Page, Sergey Brin
Headquarters Googleplex, Mountain View, California, U.S.
Area served
Key people
  • Larry Page (CEO)
  • Eric Schmidt (Chairman)
  • Sergey Brin (Director of Google X and Special Projects

Ruth Porat (CFO)

Products See list of Google products
Revenue Increase US$66.001 billion (2014)
Operating income
Increase US$16.496 billion (2014)
Net income
Increase US$14.444 billion (2014)
Total assets Increase US$131.133 billion (2014)
Total equity Increase US$104.5 billion (2014)
Number of employees
55,419 (Q1 2015)
Subsidiaries AdMob, DoubleClick, On2 Technologies, Picnik, YouTube, Zagat, Waze, Blogger, SlickLogin, Boston Dynamics, Bump, Nest Labs, DeepMind Technologies, WIMM One, VirusTotal

Number 4

Facebook is an online social networking service headquartered in Menlo Park, California. Its website was launched on February 4, 2004, by Mark Zuckerberg with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. The founders had initially limited the website’s membership to Harvard students, but later expanded it to colleges in the Boston area, the Ivy League, and Stanford University. It gradually added support for students at various other universities and later to high-school students. Since 2006, anyone who is at least 13 years old is allowed to become a registered user of the website, though the age requirement may be higher depending on applicable local laws. Its name comes from a colloquialism for the directory given to it by American universities students.

After registering to use the site, users can create a user profile, add other users as “friends”, exchange messages, post status updates and photos, share videos and receive notifications when others update their profiles. Additionally, users may join common-interest user groups, organized by workplace, school or college, or other characteristics, and categorize their friends into lists such as “People From Work” or “Close Friends”. Facebook had over 1.44 billion monthly active users as of March 2015. Due to the large volume of data users submit to the service, Facebook has come under scrutiny for their privacy policies. Facebook, Inc. held its initial public offering in February 2012 and began selling stock to the public three months later, reaching an original peak market capitalization of $104 billion. As of February 2015 Facebook reached a market capitalization of $212 Billion.


The HQ is off the shores of San Francisco Bay

Type Public
Traded as NASDAQ: FB
NASDAQ-100 Component
S&P 500 Component
Founded February 4, 2004
(11 years ago)
Headquarters Menlo Park, California, US
Area served United States (2004–05)
Worldwide (2005–present)
  • Mark Zuckerberg
  • Eduardo Saverin
  • Andrew McCollum
  • Dustin Moskovitz
  • Chris Hughes
Key people Mark Zuckerberg
(Chairman and CEO)
Sheryl Sandberg
Industry Internet
Revenue Increase US$12.466 billion (2014)
Operating income Increase US$4.982 billion (2014)
Net income Increase US$2.94 billion (2014)
Total assets Increase US$40.184 billion (2014)
Total equity Increase US$36.096 billion (2014)
Employees 10,082 (March 2015)
Subsidiaries Instagram
Oculus VR

Posted May 7, 2015 by markosun in Uncategorized

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Greek Government comes up with new idea to tackle humungous debt: Get Germany to pay more war reparations   Leave a comment


Greece Nazi occupation: Athens asks Germany for $303 billion




The Greek government says Germany owes Greece nearly €279bn (£204bn; $303bn) in war reparations for the Nazi occupation during World War Two.

It is the first time Greece has officially calculated what Germany allegedly owes it for Nazi atrocities and looting during the 1940s.

However, the German government says the issue was resolved legally years ago.

Greece’s radical left Syriza government is making the claim while struggling to meet massive debt repayment deadlines.

Reacting to the Greek claim, German Economy Minister Sigmar Gabriel said it was “dumb” to link Greece’s bailout by the eurozone with the question of war reparations.

 “To be honest I think it’s dumb. I think that it doesn’t move us forward one millimetre on the question of stabilising Greece,” he said.

He said ordinary Greek citizens however deserved “huge respect” for their economic sacrifices under the bailout programme. The Greek elite had “plundered” the country, he complained.

‘Legally closed’

Greek Prime Minister Alexis Tsipras raised the reparations issue when he met German Chancellor Angela Merkel in Berlin last month.

The new figure given by Greek Deputy Finance Minister Dimitris Mardas includes €10.3bn for an occupation loan that the Nazis forced the Bank of Greece to pay.

“According to our calculations, the debt linked to German reparations is 278.7bn euros,” Mr Mardas told a parliamentary committee investigating responsibility for Greece’s debt crisis.

Mr Mardas said the reparations calculation had been made by Greece’s state general accounting office.




Berlin paid 115m Deutschmarks to Athens in 1960 in compensation – a fraction of the Greek demand. Greece says it did not cover payments for damaged infrastructure, war crimes and the return of the forced loan.

Germany insists the reparations issue was settled in 1990, before Germany reunified.

The budget spokesman for Chancellor Merkel’s Christian Democrats, Eckhardt Rehberg, reiterated on Tuesday that “the reparations issue is for us closed, politically and legally – the same applies to the so-called forced loan”.

Syriza politicians have frequently blamed Germany for Greek citizens’ hardship under the austerity imposed by international lenders.

Mr Tsipras is trying to renegotiate the €240bn EU-IMF bailout that saved Greece from bankruptcy. Greece has not received bailout funds since August last year, as the lenders are dissatisfied with the pace of Greek reforms.

A Greek repayment of €448m to the International Monetary Fund is due this Thursday.

Greek Finance Minister Yanis Varoufakis has said that Greece “intends to meet all obligations to all its creditors, ad infinitum”.

Posted April 7, 2015 by markosun in Uncategorized

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Historical Comparisons of NHL Salaries   Leave a comment



The attached Detroit Free Press photo from the August 13, 1959 edition of the paper had the following caption:

“It’s Official: No one really expected Gordie Howe not to sign a contract for his 14th year as a Red Wing, yet the act Wednesday did make general manager Jack Adams gleeful. Howe isn’t unhappy either since he is one of the highest-salaried players in hockey and signed for close to $25,000 this season.”

If inflation is calculated $25,000 in 1959 would be $202,878.87 in 2014.  Still pittance compared to todays NHL salaries.

Here are some salaries from the 1977-78 NHL season.

Atlanta Tom Lysiak $130,000 Dick Redmond$ $125,000 Daniel Bouchard$ $100,000.

Boston Brad Park$ $250,000 Gerry Cheevers $160,000 Jean Ratelle$ $150,000 Gilles Gilbert $135,000 John Bucyk$ $115,000 Wayne Cashman$ $110,000.

Buffalo Gil Perreault$ $200,000 Richard Martin $170,000 Jim Schoenfeld$ $115,000 Danny Gare $105,000.

Chicago Tony Esposito $200,000 Stan Mikita$ $200,000 Dale Tallon $150,000.

Los Angeles Marcel Dionne $320,000 Syl Apps$ $150,000 Mike Murphy$ $120,000 Rogatien Vachon $120,000.

Montreal Ken Dryden $180,000 Guy Lafleur$ $180,000 Guy Lapointe $175,000 Yvan Cournoyer$ $160,000 Serge Savard$ $155,000 Jacques Lemaire $135,000 Larry Robinson$ $125,000 Steve Shutt $120,000.

N.Y. Rangers Phil Esposito $325,000 Walter Tkaczuk$ $250,000 Wayne Dillon$ $175,000 Carol Vadnais $120,000.

Philadelphia Bobby Clarke $160,000 Bill Barber$ $150,000 Rick MacLeish $150,000 Bernie Parent$ $140,000.

Toronto Darryl Sittler $165,000 Borje Salming $ $155,000 Lanny McDonald $145,000 Ron Ellis$ $140,000 Ian Turnbull $120,000.

Marcel Dionne was the top paid player in 1977-78 at $320,000. In 2014 that would inflate to $1,266,486.39.

Now todays top salaries



player & transacation team & position date 2014-2015
Shea Weber at Defenseman $14,000,000
Sidney Crosby at Center $12,000,000
Ryan Suter at Defenseman $11,000,000
Henrik Lundqvist at Goaltender $11,000,000
Alex Ovechkin at Right Wing $10,000,000
Pavel Datsyuk at Center $10,000,000
Claude Giroux at Center $10,000,000
Philip Kessel at Right Wing $10,000,000
Evgeni Malkin at Center $9,500,000
Eric Staal at Center $9,250,000
Corey Perry at Right Wing $9,000,000
Ryan Getzlaf at Center $8,750,000
Steven Stamkos at Center $8,000,000
Dion Phaneuf at Defenseman $8,000,000
Rick Nash at Left Wing $7,900,000
Marian Hossa at Right Wing $7,900,000
Henrik Zetterberg at Left Wing $7,750,000
Duncan Keith at Defenseman $7,600,000
Anze Kopitar at Center $7,500,000

Posted December 26, 2014 by markosun in Uncategorized

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Telemarketing Conversation Wizards: Take a Listen Below   Leave a comment

This is That CBC

"False alarm. It was just a telemarketer."


'Those dang telemarketers have a knack for knowing exactly when we're sitting down for dinner don't they?'


Posted October 31, 2014 by markosun in Uncategorized

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High-up Workers in Downtown Winnipeg   Leave a comment


Some workers scoff at heights.  Working high off the ground is no more of a challenge to them than crossing the street.  Below are some workers in Winnipeg who make their living working high.

Crane workers at the Heritage Landing high-rise site.





Another high-rise going up in downtown Winnipeg, the ALT building.


Buckets of cement



The bravest of them all. Window washers sitting on their tiny swing seats cleaning windows on the Hydro Tower.





Posted April 16, 2014 by markosun in Uncategorized

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Inside Amazon’s ‘Chaotic Storage’ Warehouses   Leave a comment

As the world’s largest online retailer, Amazon needs somewhere to put all of those products. The solution? Giant warehouses. Eighty to be exact. Strategically located near key shipping hubs around the world.

The warehouses themselves are massive, with some over 1.2 million square feet in size (111,484 sq m). And at the heart of this global operation are people (over 65,000 of them), and a logistics system known as chaotic storage.


Chaotic storage is like organized confusion. It’s an organic shelving system without permanent areas or sections. That means there is no area just for books, or a place just for televisions (like you might expect in a retail store layout). The product’s characteristics and attributes are irrelevant. What’s important is the unique barcode associated with every product that enters the warehouse.


Every single shelf space inside an Amazon warehouse has a barcode. And every incoming product that requires storage is assigned a specific barcode that matches the shelf space in which it will be stored. This allows free space to be filled quickly and efficiently.

At the heart of the operation is a sophisticated database that tracks and monitors every single product that enters/leaves the warehouse and keeps a tally on every single shelf space and whether it’s empty or contains a product.


There are several key advantages to the chaotic storage system. First is flexibility. With chaotic storage, freed-up space can be refilled immediately. Second is simplicity. New employees don’t need to learn where types of products are located. They simply need to find the storage shelf within the warehouse. You don’t need to know what the product is, just where it is. Lastly is optimization.

Amazon must handle millions and millions of orders. That means that at any given moment there is a long list of products that need to be ‘picked’ from the shelves and prepared for shipment.

Since there is a database that knows every product required for shipment and the location of each product inside the warehouse, an optimized route can be provided to employees responsible for fulfilment.


Since Amazon deals with such a wide variety of products there are a few exceptions to the rule. Really fast-moving articles do not adhere to the same storage system since they enter and leave the warehouse so quickly. Really bulky and heavy products still require separate storage areas and perishable goods are not ideal for obvious reasons.


In this storage system a wide variety of products can be found located next to each other. A necklace could be located beside a DVD and underneath a set of power tools. This arbitrary placement can even help with accuracy as it makes mix-ups less likely when picking orders for shipment.

Overall it’s a fascinating system that at its core is powered by a complex database yet run by a simple philosophy. It’s Chaotic Storage. There’s no better way to put it.


Type Public
Traded as NASDAQ: AMZN
NASDAQ-100 Component
S&P 500 Component
Founded 1994 (1994)
Headquarters Seattle, Washington, United States
Area served Worldwide
Founder(s) Jeff Bezos
Key people Jeff Bezos
(Chairman, President and CEO)
Industry Internet, online retailing
Products Appstore, LoveFilm, The Book Depository, Game Studios, Instant Video, Instant Video UK, Instant Video German, Kindle, Lab126, Studios, Woot
Revenue Increase US$ 74.45 billion (2013)
Operatingincome Increase US$ 745 million (2013)
Net income Increase US$ 274 million (2013)
Total assets Increase US$ 40.159 billion (2013)
Total equity Increase US$ 9.746 billion (2013)
Employees 117,300 (January 2014)


Posted April 16, 2014 by markosun in Uncategorized

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Politicians will be licking their chops   Leave a comment

They say crime pays? Not exactly. Legalize a former crime and tax it and it really pays.

Just ask Colorado. Perhaps not so awkwardly labeled the “Highest State,” Colorado pulled in $2 million in taxes related to the sale of recreational marijuana…in January 2014 alone. Combined with taxes on sales from medicinal marijuana, the state pulled in nearly $3.5 million in pot-related tax revenue. If that trend continues, the state will see more than $40 million in additional tax dollars in 2014. To put that in perspective, that’s approximately 1% of the total annual budgets for Delaware, South Dakota, Montana or West Virginia.

There are a couple of layers of tax in place on the sale of marijuana. To begin with, there’s a 10% state sales tax imposed on retail marijuana and marijuana products on top of 2.9% in existing state sales tax (this is in addition to any local sales tax). As with other taxable products in Colorado, the tax is on the final consumer and cannot be included in the advertised price. Together with local sales taxes and special taxes, the tax imposed on consumers in Denver on the purchase of marijuana can reach as high as 21.12% (downloads as a pdf). Denver County accounted for more than half of all medicinal and recreational marijuana related sales tax revenue, while outside of the capital, taxes can be closer to 13%. No matter the level of tax, sales were pretty healthy statewide, with $14.02 million worth of recreational pot sold.

In addition to sales taxes, Colorado also imposes a “retail marijuana excise tax” of 15%. That tax is assessed on the first sale or transfer of marijuana from a retail marijuana cultivation facility and is calculated by taking the average market rate per pound and multiplying it by the weight of the flower times the tax rate. That means it’s not directly charged to the consumer. The state is serious about that last piece: while the tax can certainly be rolled into the overall price as the cost of doing business, it may not be separately stated on a receipt to give the appearance that it’s a consumer tax.


Troopers confiscated marijuana, meth and over $2,000

Posted March 24, 2014 by markosun in Uncategorized

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