Number of the Day

49.

This is how many lay-offs were announced by Security National today.  The NCJ blog has the details.

  1. Random Guy
    April 7, 2011 at 6:57 pm

    …only within their “loan servicing branch”. Those positions were temporary to begin with…just like their Sequoia scam.

  2. Goldie
    April 7, 2011 at 7:22 pm

    I have been trying to figure out what a Whole Loan is. It seems it is within the family known as Subprime but a different sort of product, something not put into batches but still probably susceptible to the feasting delights caused foreclosure.

  3. Andrew Bird
    April 7, 2011 at 8:24 pm

    With all due respect, I don’t like the idea of relishing in the fact 31 Humboldt residents are losing their jobs. I know a few people who work at Security National and they are as non-political and sweet as you can get. Some of the 31 of these employees losing their jobs may be progressives. These people are probably pretty scared right now. The job market in this economy is so tough. It could take years for some or all of them to find comparable employment again. When I read news like this, it makes me thankful I have a secure job in these times. My heart goes out to anyone who loses theirs through no fault of their own.

  4. Plain Jane
    April 7, 2011 at 8:40 pm

    I agree, Mr. Bird. Any job loss is painful and today even more so. It’s heart wrenching to think about how these families are feeling tonight. These job losses also have a ripple effect that negatively impacts the whole community.

  5. 69er
    April 7, 2011 at 8:43 pm

    I wholeheartedly agree with Mr. Bird, it makes no difference whether they are progressives or moderates or any other name they may be tagged with. Losing your job has to be tragic in these times. I know because someone in my family is in that position and has been for a time. I feel very lucky to have made it through my working years and came out able to survive the hectic times we are in. Anyone who would stoop so low as to gloat about the layoffs deserves something of serious consequences to befall them also, it would be justice. I also know a couple people who work for Security National and are very happy with their employment and their employer.

  6. Walt
    April 7, 2011 at 8:58 pm

    Wait til you see how many state and county jobs are lost. . .and PG&E meter reader jobs after the meters get “smart”.

    You will eat- By and By
    In that glorious land in the sky
    Way up high
    Work and pray-live on hay
    and you’ll have pie in the sky when you die
    (that’s a lie)
    -Bruce Phillips

  7. Not A Native
    April 7, 2011 at 9:35 pm

    You know, when a war ends and weapon production is curtailed, many munitions workers lose their jobs. Sad isn’t it?

    Nobody likes to see people at SN lose their livelihoods, but don’t you think that maybe the fact there are fewer nonperforming loans to be serviced and ‘made to perform'(many times by foreclosure and sale) is a good thing for homeowners?

    Losing your job is tough, but there’s up to two years of unemployment benefits available and households often have multiple breadwinners. Some of those SN employees may old enough to retire and collect a pension. But losing your home in a SN foreclosure is tragic, often resulting in homelessness and long term poverty.

  8. tra
    April 7, 2011 at 10:23 pm

    I’m not sure what the commenters above are talking about, because I don’t see any “gloating” in the original post, or in the comments. I guess the gloating is implied ?

  9. Anonymous
    April 7, 2011 at 11:49 pm

    I agree, I didn’t feel that there was any indication of “gloating” or “relishing” in regard to this loss of jobs. This is sad, if not unexpected. These people are more collateral damage of Arkley trying to save his company (to his credit, possibly paying his debts and saving other jobs) while settling lawsuits and preserving his own assets and lifestyle. Quite the challenge.

  10. tra
    April 8, 2011 at 12:13 am

    Like all layoffs and “downsizings,” this does serve as a reminder that businesses do not “provide” jobs as a public service, they only employ people in the hopes that those employees will produce more than they are paid, which is how the employer makes a profit. If those employees are no longer profitable to the business (or even just not as profitable as lower-wage employees somewhere else), they will soon be out of a job.

    I raise this issue because we often read in these comment threads that we should be “thankful” for people like Mr. Arkley who “give” people jobs. They don’t. It’s not a gift, it’s a trade (ideally a fair trade, though sadly that’s not always the case).

    Businesses employ people when those employees make money for the business, and don’t employ them when the business can make more (or at least lose less) that way. And there’s nothing wrong with that, that’s the way the economy functions, and of course you can’t keep employing people at a loss for very long.

    It’s just that I get a little tired of having people portray employers as if they were making some sort of noble sacrifice for the benefit of the community by “providing” jobs. They aren’t. They are acting in their own self-interest, which sometimes provides a mutual benefit in the form of employment and tax revenues to the community.

  11. Anonymous
    April 8, 2011 at 12:50 am

    Well said, tra. This is a matter of economics. Employers, such as SN, are often glorified simply for employing people (locally) despite the fact they are geared towards profit, not charity. People seem shocked when a “benefactor” makes a business decision and cuts jobs. It’s a mistake to forget that a business ultimately intends to make money and some more than others.

  12. April 8, 2011 at 6:21 am

    Local small businesses and multinationals both have the same end goal: profit. Yes, the scales are different and how business is conducted is often worlds apart, but, as they say, business is business. I hate to see anyone lose their job right now … even if I don’t agree with them politically. At the same time, less foreclosures is a good thing. What will these employees do next? Maybe leave the area. Maybe start their own business (a potentially fatal move in this economy). Perhaps find another job (there are a few out there). Either way, it’s a lot of stress, but I think anyone taking a job for Arkley has to be aware that despite all the talk of being for the community, he is a standard business man at heart.

  13. April 8, 2011 at 7:14 am

    Americans need to apply the principles of collective interests to those aspects of our lives that should not be endangered by individual greed. See how I dance around the evil word: “Socialism?”
    But seriously folks. Our national energy, our health system, our education needs. None of these things should be available for profit.
    (Broken-Record alert)
    When it comes to natural resources, who owns them? Why does one “Ant” on the hill get to say he owns everything in the hill? This has always bothered me. The Earth produces its minerals, and one group uses violence and the threat of death to “acquire” the resources and then sells them to the rest of us and makes obscene profits while our children suffer deprivation in Health, welfare and education.
    We’ve supported greed for way too long. They start their wars and the winner takes all. The violent “Hunters” have always killed those living sustainably; the farmers and herdsmen of the past. Why do we still allow it?
    Stop thinking of the Earth as a planet, and start thinking of it as a life-boat. Greed is a killer, it kills those who are not greedy enough to compete for more than they need.
    Fools laugh and deride anyone who suggests that the world could be a paradise if people valued self-sacrifice more than personal gain.
    The elevation of the greedy has brought the fools to the front row, only they celebrate their own disenfranchisement.
    I’m sorry to see more of our people suffer. We need to cure the disease not the symptoms.

  14. Decline To State
    April 8, 2011 at 7:28 am

    No worries, we’ll get them all back in spades when that Marina Project gets rolling!

  15. "HENCHMAN OF JUSTICE"
    April 8, 2011 at 7:57 am

    Quote: From the NCJ,

    This is how he phrased it: “While we have seen conditions improve in our Commercial Real Estate and Insurance divisions, our third-party servicing portfolio continues to be affected by reduced volumes of home loan originations and whole loan trading activities due to current market conditions.”

    Response: Commercial Real-Estate (especially newer developments) is a rip-off too per square footage space rents. This means higher costs to the customer with no job; or, with a job – as if it really matters one bit. It also means lower wages to employees as less expendible cash is left to shift around to the workforce – so, at least ya still have a job, right?

    Insurance Companies are price gaugers and rip-offs for MEGA PROFITS that means higher costs to the customer with no job; or, with a job – as if it really matters one bit. Policy Holders are getting FINANCIALLY RAPED.

    Back again to costs – Kinda why 41 got fired, most locally. Why? Costs EAT INTO PROFITS FOR THE FEW.

    As far as workers, Andrew Bird, it does not matter one bit that they could be a bunch of Jesuses or Ghandi’s or David Schwimmers or Betty Chins or any other good person in the world (just throwin out names, no particular order) BECAUSE they did not have guaranteed work as an employee for another. Too much faith in deceptive economics, too much.

    May I suggest self-employment and entrepeneurisms. We all have good ideas it seems – just a matter of wanting NOT TO BE AN ECONOMIC SLAVE, that’s all. In business (as an employee), never expect a solid foundation .

    Jeffrey Lytle
    McKinleyville – 5th District

  16. mresquan
    April 8, 2011 at 8:37 am

    Either avoid the layoffs by better managing profits or discontinuing to pay for deceiving Humboldt Sunshine ads on KINS.Sad to see where priorities lie.

  17. High Finance
    April 8, 2011 at 8:37 am

    Tra, did you read NAN’s post before posting you didn’t see any gloating ?

    Did you read Random Guy’s ? And we should be thankful that Arkley “gives” Eurekans jobs because he could easily pack up and move his headquarters to New Orleans. LA is a much more business friendly state and I am thankful he stays here.

    These 41 jobs were good high-paying jobs and losing them hurts all Eurekans employed in any business, even you government workers.

  18. Plain Jane
    April 8, 2011 at 8:43 am

    There was no gloating in Nan’s post, HiFi. That he didn’t shed any crocodile tears and found a slightly silver lining (fewer foreclosures – although that wasn’t my take on the cause from the news available), isn’t gloating. I would prefer that people like Arkley move to another planet for their heartless exploitation of people struggling to survive, but that’s not gloating over the lost jobs here.

  19. Percy
    April 8, 2011 at 9:08 am

    Thanks for reminding us little people to be thankful for Arkley and his job creation and remember to give your self a pat on the back while your at it. Wonder when all the city council candidates that ran on job creation will come through? If you or Rob ever decide to move to a more business friendly state, let me know, I’ll gladly contribute to buy your ticket out of here.

  20. Teacher
    April 8, 2011 at 9:12 am

    I haven’t read any gloating, but I don’t understand how Arkley has heartlessly eploited people PJ. He found a business niche and maybe money without depleting natural resources or doing anything that I would consider unethical.
    The people who lost their jobs were good people trying to get by and make our community better. It is another sad day for Eureka. And don’t worry about the Marina Center, that project has long since folder. Those of you who didn’t want Arkley’s dreaded plans to come through rejoice, the balloon tract will stay as is. Go and enjoy it this weekend just try not to step on the hypodermic needles or get stabbed by any meth-crazed tweakers. Maybe people on this site can take a page out of Larry Glass’s playbook and raise capital to move in that “light industrial” workforce that I keep hearing about. Arkley’s about to fold-up so no more excuses. He won’t be in your way.

  21. Percy
    April 8, 2011 at 9:14 am

    My post was directed at job creator HF.

  22. anonymous05
    April 8, 2011 at 9:14 am

    Rob has in the past put in a major call center, not here, but in Sacramento and hired many more folks in Louisiana. He shows little concern for local jobs but will use the few he offers to try to gain credibility.

    You know it’s the “job creators” to whom we gave those massive tax cuts!

  23. High Finance
    April 8, 2011 at 9:16 am

    You should think twice about that Percy. Without us taxpayers footing the bill your welfare check will have to be reduced.

    OTOH, if you think at all you never would have posted such an idiotic statement as that.

  24. Plain Jane
    April 8, 2011 at 9:21 am

    Most of the people who lost their homes which Arkley profited from were also good people, struggling to survive, Teacher. The fact that Arkley supports the right wing agenda which is destroying the middle class, is trying very hard to bring in a big box from which he will profit but which will cause even more job losses makes him a less than sympathetic player. If you’ve been following the news about foreclosures, you would know that there was massive fraud on the part of the companies doing the foreclosing, cheating people out of their homes and greatly reducing their ability to ever buy another.

    http://finance.fortune.cnn.com/2011/04/07/foreclosure-fraud-the-homeowner-nightmares-continue/?section=magazines_fortune

  25. Plain Jane
    April 8, 2011 at 9:24 am

    If you knew Percy you wouldn’t have assumed he was on welfare, HiFi. As someone who does, your assumption is hilarious! You really need to get over that tic which causes you to blurt out such ridiculous statements without any basis in fact and your compulsion to label everyone with different views as being on welfare.

  26. Percy
    April 8, 2011 at 9:24 am

    You nailed it teacher, nothing will happen if Arkley backs out. Not for a few years till the schills on the city council have run their term out and a new council takes up what the community wants to do with the ballon tract. I keep thinking I’ll learn something when I read your posts…..

  27. April 8, 2011 at 9:45 am

    The total number laid off was 49, not 41 — a typo that I compounded by repeating it in the post. The number in Eureka remains at 31.

  28. April 8, 2011 at 9:53 am

    Thanks for the correction.

  29. Teacher
    April 8, 2011 at 10:03 am

    PJ, people have to be held accountable. I don’t own a house because I consciously do not want to incur that kind of debt. If you take on huge debt, you put yourself at risk. That is the way it works. Option 2, what my wife and I are doing, is saving our money so one day we may be able to pay enough money that we will not take on a monster mortage. I feel bad for those people who lost their home but, unless Rob did things illegally or unethically which to my knowledge he didn’t, I don’t blame him. I am more likely to blame people I know who took on the monster mortages they couldn’t afford.

  30. Teacher
    April 8, 2011 at 10:06 am

    Percy, I have lived locally for 30 years. The thought of something being done with the Balloon Tract was exciting. Who’s going to do something with that piece of property? You really think a new city council will be able to get the kind of money together it would take to do something there?

  31. Plain Jane
    April 8, 2011 at 10:21 am

    I’m disappointed you didn’t read the link about the foreclosure frauds, Teacher. Are you unaware of all the millions of people who lost their jobs through no fault of their own or who, because of the financial crisis, were unable to borrow as planned to pay off balloon payments or switch to fixed rates from adjustables? Could you make what is an affordable mortgage payment when you have a job if you lost your job? Most people could not.

  32. Learner
    April 8, 2011 at 10:29 am

    Teacher, it is not up to the council to find money for a project, it is up to the council to define what sort of use a property may be allowed to contain. Back to school, “teach”.

  33. Percy
    April 8, 2011 at 10:34 am

    They don’t have to get the money together, but they can decide how the property will be used. I think the city was on the right track (or is it tract) when Arkley’s point man on the city council, Jeff Leonard, derailed the process that was already under way and would have given the entire community a voice on what to do with this great piece of property, that has a lot more potential than just being a parking lot for home depot. Even big fish knows that, but that was his way to get out of the cleanup It can sit for a while longer, everything in the world does not have to revolve around what the big fish wants and when he wants it.

  34. Teacher
    April 8, 2011 at 10:40 am

    I agree PJ. People need jobs to pay for necessities. That is why I, today, I genuinely feel sorry for those who lost their jobs at SNC. I never read your links because I am in between doing things and do not have the time but I’m sure they are informative and support your points.
    Learner, I was referring to what Percy insinuated when he said wait for the next council. My point, we have had many councils and none have been able to do anything (find the financial backing) with the Balloon Tract. I thought old Rob might get something done but no. I really doubt, if Rob couldn’t do it, anyone else will. We’ll sit on this blog and talk about all the things that should go down there, but nobody has the capital to do it. In short, I think Eurekans are screwed for the foreseeable future :(

  35. Not A Native
    April 8, 2011 at 2:26 pm

    Teacher, if a laid off SN worker falls behind on a home loan and their house is foreclosed, would you say its their own fault for having taken on a ‘monster mortgage they couldn’t afford’?

    If you believe that anyone who borrows money expecting to repay it from uncertain future earnings is blameworthy, then you don’t have any confidence in capitalism, markets, or ingenuity. That sort of isolationist and pessimistic attitude is what drives people who bury lumps of gold and hoard everything in expectation of imminent disaster and collapse. It’s a sorry and bleak kind of life.

    As to the Balloon tract, the railroad has the capital to clean it up but they don’t want to and local government has tolerated public harms caused by large landholders who are irresponsible. Its taken a lawsuit by Baykeeper to compel the owner to clean up the site. If it weren’t polluted, the Balloon tract would have already been repurposed away from being a blight.

  36. Truth in information
    April 8, 2011 at 10:02 pm

    It is also out on the information mill that Rob has withdrawn his economic support of the Arkley theater. He has no extra money, so the story goes. The booking agent will now have to make it pay for itself.

  37. The Monitor
    April 8, 2011 at 10:11 pm

    The days of flying the corporate jet to all his SN offices may be a thing of the past. He may have to drive last years Cadillac for a few years, as well. But I’ll bet with all the corporate losses come some great breaks on his income tax.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s