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Member since: Fri Feb 18, 2011, 07:22 PM
Number of posts: 27,895

Journal Archives

The end of Bon-Ton: Liquidators win auction for bankrupt chain's assets, will wind down business


$775 million! No small bid. Nothing spells economic success like bankruptcy and liquidation. Was at one of them this week. Nothing to buy. Store is closing, been there for 40 years including predecessors, anchor in small mall which is now 1/2 empty. Meanwhile a mile up the road more new stores being built on virgin land ... of course. Next recession they all close again and they build some more.
Posted by bucolic_frolic | Wed Apr 25, 2018, 05:32 PM (6 replies)




Multiple accounts confirming this now
Posted by bucolic_frolic | Mon Apr 16, 2018, 01:56 PM (10 replies)

Michael Avenatti: Michael Cohen isn't smart enough to be Trump's lawyer

Posted by bucolic_frolic | Sat Apr 14, 2018, 06:12 PM (8 replies)

Lawmaker to Trump: Resign, it will get worse

Posted by bucolic_frolic | Fri Apr 13, 2018, 12:12 PM (16 replies)

Trump's Take: Slowest Breaking News on Syria

Posted by bucolic_frolic | Wed Apr 11, 2018, 06:52 AM (0 replies)

China retaliates, slaps duties on U.S. soybeans, planes; markets skid

Source: Reuters

U.S.-made goods that appear to face added tariffs in China based, on an analysis of Beijing’s list, include Tesla electric cars, Ford’s Lincoln auto models, Gulfstream jets made by General Dynamics and Brown-Forman Corp’s Jack Daniel’s whiskey.

Unlike Washington’s list, which was filled with many obscure industrial items, China’s list strikes at signature U.S. exports, including soybeans, frozen beef, cotton and other key agricultural commodities produced in states from Iowa to Texas that voted for Donald Trump in the 2016 presidential election.

While Washington targeted products that benefit from Chinese industrial policy, including its “Made in China 2025” initiative to replace advanced technology imports with domestic products in strategic industries such as advanced IT and robotics, Beijing’s appears aimed at inflicting political damage.

Tobacco and whiskey, for example, are both on Beijing’s list and are produced in states including Kentucky, home of Senate Majority Leader Mitch McConnell.

Read more: https://www.reuters.com/article/us-usa-trade-china/china-retaliates-slaps-duties-on-u-s-soybeans-planes-markets-skid-idUSKCN1HB0G6

Dow futures currently down 508 points. This could not come at a worse time for the markets, still digesting the initial volley in the trade war. Elections, policies, tweets all have real world consequences.
Posted by bucolic_frolic | Wed Apr 4, 2018, 06:40 AM (13 replies)

Trump Renews Amazon Attack, Says Post Office Scam' Must Stop

Source: Bloomberg

President Donald Trump lit into Amazon.com Inc. for the second time in three days with a pair of Twitter messages that said the online retailer “must pay real costs (and taxes) now!”

The president on Saturday claimed, citing reports he didn’t specify, that the U.S. Postal Service “will lose $1.50 on average for each package it delivers for Amazon” and added that the “Post Office scam must stop.” Amazon has said the postal service, which has financial problems stretching back for years, makes money on its deliveries.

Amazon shed $53 billion in market value on Wednesday after Axios reported that the president is “obsessed” with regulating the e-commerce giant, whose founder and chief executive officer, Jeff Bezos, also owns the Washington Post newspaper. Those losses were pared on Thursday, the final day of a shortened trading week, even as Trump tweeted that Amazon was using the postal service as its “Delivery Boy.”

White House spokeswoman Lindsay Walters said on Thursday that while the president was displeased with the e-commerce giant, and particularly instances where third-party sellers on the site didn’t collect sales tax, there were no administrative actions planned against Amazon “at this time.”

Read more: https://www.bloomberg.com/news/articles/2018-03-31/trump-says-amazon-s-post-office-scam-must-stop-in-fresh-attack

Much more at link

Hard to believe Trump is so obsessed with this, or maybe it isn't. Everything he's criticizing Amazon for could also be level at the energy companies he promotes, subsidizes, deregulates at taxpayer expense - cost wise and healthwise.

Presidents should not be able to destroy companies, stock values, and lives with tweets or even policies - which should at least be cloaked in theory, cost-benefit analysis, or general principle. This is just one-off, let's blast Amazon.
Posted by bucolic_frolic | Sat Mar 31, 2018, 05:11 PM (16 replies)

Did I tell you HDTV passed me by?

Any recommendations for a simple HDTV converter? No frills. Was surprised to learn they have upscale models with stereo audio in/out, HDMI in, USB capability. Um, I just want to watch TV occasionally. Been 6 years without it, haven't missed it much.

Posted by bucolic_frolic | Thu Mar 29, 2018, 07:49 AM (10 replies)

UNDER OATH 3-28-18

Randi Rhodes
Posted by bucolic_frolic | Wed Mar 28, 2018, 05:44 PM (3 replies)

Stormy Daniels Attorney Michael Avenatti : 'We're Only Getting Started' Morning Joe MSNBC

Posted by bucolic_frolic | Mon Mar 26, 2018, 09:02 PM (3 replies)
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