MACY’S IMPLODING, CATCHING DOWN TO SEARS & PENNEY’S

27 comments

Posted on 11th November 2015 by Administrator in Economy

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About that resilient consumer and the tremendously low unemployment rate of 5%, maybe someone should tell Macy’s why their sales and profits continue to plummet. Their stock is down 13% today to a three year low of $40. It has fallen 45% in the last four months. It seems the market doesn’t like it when your sales fall 5.2% over last year and your profits crash by 46%. And this is after you close a bunch of your worst performing stores. I have a feeling they might be announcing the closure of another 100 stores after this upcoming disastrous Christmas season.

It was interesting that when I looked for their earnings announcement link on Marketwatch, it was no where to be found. So I went to their website, and now I know why they don’t want the results too widely viewed. It’s much worse than the headlines reveal. When you examine their balance sheet and cash flow statement, you see the looming disaster on the horizon. The executives running this retail titanic might be the dumbest fuckers on earth.

Let’s examine their brilliant strategic moves:

(more…)

WTF OBSERVATION OF THE WEEK

37 comments

Posted on 29th September 2015 by Administrator in Economy |Politics |Social Issues

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It was bad enough when my local Wal-Mart had aisle upon aisle of Halloween candy available in early August. How many bags of Halloween candy purchased in August or September will really make it to Halloween night? With the land whales roaming the countryside today, I’d reckon NONE. The desperation of American retailers to siphon every ounce of possible profit from the ignorant masses is palpable as you observe retail outlets today. Kohl’s sends out 30% coupons on a weekly basis and when you go to the store, it is virtually empty with dozens and dozens of overstock racks with clothes 60%, 70% and 80% off, before even using the 30% coupon. You can smell the decay.

On Sunday morning while doing my weekly 7:00 am (before the People of Wal-Mart awake and remove their sleep apnea machines) trek to Wal-Mart for paper goods, prepping supplies, and a few other miscellaneous items, I turned my head toward the outdoor department and to my utter amazement saw Christmas trees, decorations, and other assorted Christmas crap already overflowing from that department. I thought to myself WTF!!! It is still 80 degrees outside. I was wearing shorts and flip flops. Halloween is still over a month away. Sure signs of desperation from the biggest retailer in the world. 

The retail pain has only just begun. As this recession gathers strength, job losses build, and the stock market crashes, the number of retail outlets that will close will be beyond comprehension. Retail CEOs have been living in a delusional world where they think the consumer will be coming back. That delusion is going to be shattered into a million pieces. Wal-Mart might as well sell their Chinese made Christmas crap all year long. It won’t do a bit of good.  


CHRISTMAS SPIRIT

9 comments

Posted on 26th December 2014 by Administrator in Economy |Politics |Social Issues

Via Cagle Post

MERRY CHRISTMAS FROM ISRAEL

2 comments

Posted on 26th December 2014 by Zarathustra in Politics |Social Issues

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Merry Christmas from the only democracy in the middle east.  Behold our shared values.

http://www.maannews.net/eng/ViewDetails.aspx?ID=749364#sthash.qWksvsr3.dpuf

via Mondoweiss.net

Israeli forces suppress Christmas march in Bethlehem
Published Tuesday 23/12/2014 (updated) 25/12/2014 14:00
(MaanImages)
BETHLEHEM (Ma’an) — Israeli forces on Tuesday suppressed a peaceful march calling for “Christmas without occupation” in Bethlehem.Demonstrators marched to the Israeli military checkpoint in northern Bethlehem to celebrate Christmas and hand out gifts to children in the area.Marchers held up signs reading: “Jesus came with a message of: Peace, Freedom and Justice” and “We want Christmas without occupation.”Israeli forces prevented demonstrators, some of whom were dressed as Father Christmas, from reaching the checkpoint and fired tear gas at the crowd.

Several people were treated at the scene for tear gas inhalation.

Mazen al-Azza, an activist with the Palestinian National Initiative, told Ma’an that the march had a peaceful Christmas message, but “Israeli soldiers did not miss the chance to suppress it by assaulting journalists and peaceful demonstrators.”

The ancient Palestinian city — said to be the birthplace of Jesus Christ — is now surrounded by illegal Israeli settlements on all sides.

Bethlehem is also cut off from Jerusalem, historically its twin city, by Israel’s separation wall, which runs along the northern side of the city.

CHRISTMAS FACTS 2014

7 comments

Posted on 24th December 2014 by Administrator in Economy |Politics |Social Issues

Infographic: Christmas Facts 2014 | Statista

You will find more statistics at Statista

CHRISTMAS AROUND THE WORLD

16 comments

Posted on 24th December 2014 by Administrator in Economy |Politics |Social Issues

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There will be limited action on TBP for the next two days, as family and friends gather at my house to make merry. I hope you all have a happy and safe Christmas. Enjoy the ones you love. You never know what next year will bring and how much time you have left, so enjoy the time you’ve got. Thanks for all your support and friendship over the five years I’ve been running this crazy blog. It’s become a sanctuary for the sane. Hopefully, the truth will set us free. Merry Christmas to all and to all a good night. 

Buenos Aries

Buenos Aires

New York City

New York City

Dublin

Budapest

Moscow

Moscow

Copenhagen

Switzerland

Berlin

Berlin

Oslo

Paris

Quebec City

Quebec City

Athens

Athens

London

London

Sydney

Vatican City

Bethlehem

The Reason

QUOTES OF THE DAY

1 comment

Posted on 24th December 2014 by Administrator in Economy |Politics |Social Issues

“Then the Grinch thought of something he hadn’t before! What if Christmas, he thought, doesn’t come from a store. What if Christmas…perhaps…means a little bit more!”

Dr. Seuss, How the Grinch Stole Christmas!

“The main reason Santa is so jolly is because he knows where all the bad girls live.”

George Carlin

“How many observe Christ’s birthday! How few, His precepts!”

Benjamin Franklin

“I will honor Christmas in my heart, and try to keep it all the year.”

Charles Dickens

“Our hearts grow tender with childhood memories and love of kindred, and we are better throughout the year for having, in spirit, become a child again at Christmas-time.”

Laura Ingalls Wilder

“Christmas can be celebrated in the school room with pine trees, tinsel and reindeers, but there must be no mention of the man whose birthday is being celebrated. One wonders how a teacher would answer if a student asked why it was called Christmas.”

Ronald Reagan

“Oh look, yet another Christmas TV special! How touching to have the meaning of Christmas brought to us by cola, fast food, and beer…. Who’d have ever guessed that product consumption, popular entertainment, and spirituality would mix so harmoniously? ”

Bill Watterson, The Essential Calvin and Hobbes

“The Supreme Court has ruled that they cannot have a nativity scene in Washington, D.C. This wasn’t for any religious reasons. They couldn’t find three wise men and a virgin.”

Jay Leno

“And in despair I bowed my head;
“There is no peace on earth,” I said;
“For hate is strong,
And mocks the song
Of peace on earth, good-will to men!”

Then pealed the bells more loud and deep:
“God is not dead, nor doth he sleep!
The Wrong shall fail,
the Right prevail,
With peace on earth, good-will to men!”

Henry Wadsworth Longfellow

AN SSS CHRISTMAS

23 comments

Posted on 19th December 2014 by Administrator in Economy |Politics |Social Issues

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Via Lonely Libertarian

The Twelve Rules of Christmas

0 comments

Posted on 16th December 2014 by Administrator in Economy |Politics |Social Issues

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Via The Rutherford Institute

(Compiled by attorneys for The Rutherford Institute) 

Over the years, The Rutherford Institute has been contacted by parents and teachers alike concerned about schools changing their Christmas concerts to “winter holiday programs” and renaming Christmas “winter festival” or cancelling holiday celebrations altogether to avoid offending those who do not celebrate the various holidays. Hoping to alleviate ongoing confusion arising from political correctness over the do’s and don’ts of celebrating Christmas in schools, workplaces and elsewhere, The Rutherford Institute has issued its “Twelve Rules of Christmas” guidelines.

In issuing the guidelines, Institute attorneys cited incidents in which, for example, a public school 6th-grade class was asked to make “holiday cards” to send to the troops but were told they could not use the words “Merry Christmas” on their cards. Similarly, nativity displays, Christmas carols, Christmas trees, wreaths, candy canes and even the colors red and green have been banned as part of the effort to avoid any reference to Christmas, Christ or God.

In order to clear up much of the misunderstanding over what can or cannot be done in terms of celebrating the holiday, the following twelve rules are offered:

  1. Public school students’ written or spoken personal expressions concerning the religious significance of Christmas (e.g., T-shirts with the slogan, “Jesus Is the Reason for the Season”) may not be censored by school officials absent evidence that the speech would cause a substantial disruption.(i)
  1. So long as teachers are generally permitted to wear clothing or jewelry or have personal items expressing their views about the holidays, Christian teachers may not be prohibited from similarly expressing their views by wearing Christmas-related clothing or jewelry or carrying Christmas-related personal items.[ii]
  1. Public schools may teach students about the Christmas holiday, including its religious significance, so long as it is taught objectively for secular purposes such as its historical or cultural importance, and not for the purpose of promoting Christianity.[iii]
  1. Public school teachers may send Christmas cards to the families of their students so long as they do so on their own time, outside of school hours.[iv]
  1. Public schools may include Christmas music, including those with religious themes, in their choral programs if the songs are included for a secular purpose such as their musical quality or cultural value or if the songs are part of an overall performance including other holiday songs relating to Chanukah, Kwanzaa, or other similar holidays.[v]
  1. Public schools may not require students to sing Christmas songs whose messages conflict with the students’ own religious or nonreligious beliefs.[vi]
  1. Public school students may not be prohibited from distributing literature to fellow students concerning the Christmas holiday or invitations to church Christmas events on the same terms that they would be allowed to distribute other literature that is not related to schoolwork.[vii]
  1. Private citizens or groups may display crèches or other Christmas symbols in public parks subject to the same reasonable time, place, and manner restrictions that would apply to other similar displays.[viii]
  1. Government entities may erect and maintain celebrations of the Christmas holiday, such as Christmas trees and Christmas light displays, and may include crèches in their displays at least so long as the purpose for including the crèche is not to promote its religious content and it is placed in context with other symbols of the Holiday season as part of an effort to celebrate the public Christmas holiday through its traditional symbols.[ix]
  1. Neither public nor private employers may prevent employees from decorating their offices for Christmas, playing Christmas music, or wearing clothing related to Christmas merely because of their religious content so long as these activities are not used to harass or intimidate others.[x]
  1. Public or private employees whose sincerely held religious beliefs require that they not work on Christmas must be reasonably accommodated by their employers unless granting the accommodation would impose an undue hardship on the employer.[xi]
  1. Government recognition of Christmas as a public holiday and granting government employees a paid holiday for Christmas does not violate the Establishment Clause of the First Amendment.[xii]

AN AWD CHRISTMAS

122 comments

Posted on 12th December 2014 by Administrator in Economy |Politics |Social Issues

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For some reason, I think AWD would have liked this touching Christmas video.

 

The Christmas Truce of 1914

6 comments

Posted on 9th December 2014 by Administrator in Economy |Politics |Social Issues

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Guest Post by Edward Moran

 

For a day life got the upper hand,
In that dreadful no man’s land,
When a band of brothers became a brother’s band,
Each extending friendship’s hand.

For a day they were unwilling,
To continue with the bloodshed and killing,
The day was for good cheer and singing,
And all that life’s prime should be bringing.

For a day there was no battle cry,
And the dark and foreboding sky,
Was filled with songs ascending high,
From young men in a world awry.

For a day they proclaimed to the Earth,
There can be renewal and rebirth,
There can be peace on Earth and good will,
People can refuse to fight and kill,
Hearts can glow with exhilaration,
A man is more important than a nation,
No man’s land can bloom like then,
It can really be Christmas again,
The Prince of Peace can have His way,
Like He did for a day.

CHRISTMAS IN OCTOBER – DESPERATE MEASURES

61 comments

Posted on 25th October 2014 by Administrator in Economy |Politics |Social Issues

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The desperation of retailers grows by the day. I head to Wal-Mart and Giant in Harleysville every Sunday morning at 7:00 am. to do my weekly grocery shopping. I go to Wal-Mart at opening to avoid the freaks we see weekly on the People of Wal-Mart post. The workers at Wal-Mart are only a small step above the customers. They can barely communicate, rarely look you in the eye, and generally act like they are prisoners in an asylum.

I’m in winter/bad times ahead prep mode. I had a load of fire wood delivered yesterday which I wheelbarrowed to the back yard and stacked with my already decent sized stack. Last week I took an empty propane canister back to Wal-Mart to replace it with a full canister. That would give me three full propane tanks. I left the empty tank outside next to the propane cage and went in to pay. The old lady cashier with the gravelly smoker voice told me she would call for someone to get me a new tank.

I went over the cage and patiently waited for a Wal-Mart drone to come out, unlock the propane cage and give me a full tank. Two minutes, five minutes, and eventually ten minutes go by with no one coming out to help me. The cashier pokes her head out the door and shrugs her shoulders and says no one is responding to her calls. What a well oiled machine they have at Wal-Mart. Eventually the old lady abandoned her cashier post and in a painstakingly slow manner proceeded to unlock one bin after another until she found a full tank. I’m sure a line of unhappy customers were piling up at the only register in the garden center while she spent ten minutes getting me my propane tank.

A transaction that should have taken five minutes from start to finish ended up taking closer to twenty five minutes, with another five or six customers also dissatisfied with their extra long wait. This is a perfect example of how not to do business. Maybe Wal-Mart’s problems are bigger than households having less to spend. They are attempting to maintain their profit margins by reducing staff hours, hiring low quality people, and paying them shit wages. In the short run it may keep profits higher, but in the long-run customers will go elsewhere. Except most of the elsewhere stores closed up years ago when Wal-Mart arrived and underpriced them into bankruptcy.

My shopping experience at Giant is generally pleasant. The staff are nice, competent, and have been there for years. They know what they are doing and serve you with a smile. But their store is part of a worldwide conglomerate, so things have changed for the worse over the last four months. They renovated the entire store, creating bigger aisles and moving stuff around. That’s annoying, but after a while you figure out where they moved the stuff you want. The real negative change was the dreaded “Everyday Low Pricing”. This weasel phrase means you will be paying more. This is what the Apple idiot CEO – Ron Johnson – did at JC Penney. It put them on a rapid path to bankruptcy.

The weekly sale items at Giant have virtually disappeared. This has coincided with the drastic increase in beef, pork and fresh produce prices. Since “Every Day Low Pricing” went into affect our weekly grocery bill has gone up 20%. And I am buying far less beef and more chicken. In the past I would stock up on sale items and put beef, pork and whatever was on sale in our storage area freezer. Now I am stuck buying what we need that week. No bargains, just fully priced food items. Be forewarned, whenever you see a store announce “Everyday Low Pricing” you are getting screwed.

The Boos Begin in August & Bells Start Jingling in October

The desperation of Wal-Mart and most of the other mega-retail chains is no more clearly evident than in their relentlessly ridiculous acceleration of holiday marketing displays. I was flabbergasted when I saw Halloween candy, decorations and costumes in row after row BEFORE Labor Day at my local Wal-Mart. Selling Halloween candy two months before Halloween is idiotic and a sure sign of desperation. Retailers have run out of merchandising ideas. I wouldn’t even consider buying Halloween candy until the week before Halloween. Do Wal-Mart freaks of the week actually buy Halloween merchandise in September?

Holidays used to be special occasions that lent a sense of sales urgency for retailers for a week or two, to pump up sales. Now Wal-Mart and the rest of the dying retailers have Christmas, Easter, Fourth of July, and Halloween displays up for 80% of the year. There is no sense of urgency to buy. From September 1 though October 31 there are rows and rows of bags of corporate produced chemicals disguised as candy. I suppose the obese masses buy this crap in anticipation of Halloween, tell themselves they’ll only take one, and then shovel the entire bag down their gullets.

So last week, still a full two weeks before Halloween, Wal-Mart had already converted their entire garden center into a Christmas wonderland of cheap mass produced Chinese cookie cutter Christmas decorations and lights that will blow out after three hours of use. They had also converted aisles at the front of the store to Christmas displays. Who the hell shops for Christmas crap in October? There is nothing like having cheap Chinese Christmas crap available for over two months to create a sense of urgency to buy. Wal-Mart and the rest of the mega-retailers have got nothin. They have no original merchandising ideas. They don’t even try anymore. They source low quality goods from China and compete solely on price. I can’t wait for the Easter candy to appear on Wal-Mart’s shelves in late December.

Black Thanksgiving

Black Friday is dead. Long live Black Thanksgiving. The riots and stampedes by the ignorant masses for toasters and HDTVs on Black Friday are now being replaced by retailers and malls across America opening at 6:00 pm on Thanksgiving. It actually seems fitting. How better to give thanks for our mass consumption, debt financed, materialistic, iGadget addicted society than to open stores on Thanksgiving. Spending time with family is overrated anyway. If you had to spend six hours with cousin Eddie and aunt Bethany, you’d be looking forward to an early opening at Macy’s.

The bullshit message from the mega-retailers is: “We’re not opening on Thanksgiving out of desperation or greed. We’re doing it simply to satisfy the demands of our customers”. It’s a racist national holiday anyway. We should be going to an Indian run casino on Thanksgiving to make up for our past sins. Opening stores and forcing workers to work on Thanksgiving is pathetic, disgusting and a truly desperate measure in this consumer empire in decline. The law of diminishing returns has been invoked upon the mega-retailers that dominate our suburban sprawl paradise.

These retailers can start holiday merchandising three months before the actual holiday. They can open their doors on Thanksgiving, Easter and Christmas. It’s nothing more than shuffling the deck furniture on the Titanic. We’ve allowed bankers, politicians and corporate titans to financialize our economy, gutting the once thriving middle class, sending manufacturing jobs overseas, and convincing the clueless masses that consumer goods purchased with debt is equal to wealth. But, we’ve reached the point of no return. There are 248 million working age Americans and 102 million of them are not employed. Of the 146 million working Americans, 82 million of them make less than $30,000 per year.

While retailers have added billions of square feet since 1989, real median net worth is 5% lower over 24 years. Retailers are attempting to get blood from a stone. The stone is in debt, approaching retirement with no savings and dead broke.

We have one entity that deserves the most credit for destroying the American Dream. Real median household income is lower than it was in 1989. The 2008 collapse was caused by the easy money bubble machine at the Federal Reserve. We had the opportunity to hit the reset button, implement rational economic and monetary policies, take our lumps, and make the banking culprits pay for their crimes. Instead, the easily manipulated masses believed the Wall Street storyline and allowed the Federal Reserve and feckless politicians to save the banking cabal with extreme money printing and debt creation. This has pushed the middle class closer to the breaking point, while further enriching the oligarchs. The Federal Reserve saved their owners and lured the masses further into debt.

The Fed, Wall Street, and Washington DC have successfully driven consumer debt to an all-time high, blasting through the $3 trillion level. Declining real incomes and rising debt are a sure recipe for success.

Our entire economic paradigm is built upon desperate measures. Zero interest rates, $3 trillion of QE, systematic accounting fraud, fudged economic data, and doling out subprime loans to auto renters and University of Phoenix wannabes have failed to revive our moribund economy. Delusions don’t die easily. But they do die. We are reaching the limit of this delusionary dream built upon debt, denial, and deception. Make sure you wolf down that Thanksgiving feast before 5:00 pm. There are HDTV’s to fight for at 6:00 pm.

MERRY CHRISTMAS FROM TBP TO YOU

94 comments

Posted on 24th December 2013 by Administrator in Economy |Politics |Social Issues

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Before I enter the two day whirlwind of family and friends coming and going at the Quinn household, I wanted to post a Christmas greeting and thank you to all TBP readers, members, contributors, and commentors, who have contributed to this truth seeking effort. I read many other excellent blogs, but only TBP has the kind of intelligent, funny, and sometimes nasty commentary that is both entertaining and informative. I think the average IQ and social intelligence of the average TBP reader/commentor is far above what you will find among the unwashed masses. There are a few dolts among our members, and they know who they are (bb). I know you have taught me far more than I’ve taught others.

Personally this was an extremely heart breaking year for me and my family as we lost my father-in-law Ray Romano, my young niece Jen Romano, and my son’s best friend Tyler Rizol far too soon. These tragic deaths, along with other family medical issues, made this one of the saddest years of our lives. But life must go on. The entire Romano clan will gather at our house today and we’ll honor the memories of the patriarch and my niece. We’ll light three candles on the center island as a remembrance of those we’ve lost.

I’ve had plenty of issues with the site this year and had to switch server companies for the 3rd time. The technical side of running a website is not interesting to me. The site loading problems and attacks from outside parties (yes NSA- I mean you) almost convinced me to throw in the towel. But, it seems some patchwork done by a couple new vendors has fixed the issues. That, and paying ten times as much for my server as I did in previous years, has allowed people to actually log-on and read the site.

TBP will end up 2013 with over 5 million visitors. That’s not bad for a blog I do in my spare time, with most of the articles written on my laptop while I sit in bed watching Duck Dynasty (just kidding). Sometimes the daily grind of keeping the site interesting can wear me down. I’m particularly crotchety on those days. I really appreciate when the other great contributors post their insights. It takes the load off my shoulders. AWD, Stuck, Harry P, and the other regular contributors are all owed a round of applause for their effort.

Lastly, I’d like to thank all of the generous readers who have supported TBP with their kind donations. I would like to list everyone by name, but I think most want to be anonymous. I’ve kept every letter and envelope that has ever been sent to me. They are piled up next to my computer. That will make it much easier for DHS to track you down when they kick in my door and take me away to the FEMA blogger camp.

I hope the readers of TBP have learned something over the last four years. I consider my efforts to be a crusade on behalf of my three sons and their future unborn children. I try to stay focused on the big picture and not be distracted by the day to day minutia from the propaganda arm of the establishment. I think we’ve opened the eyes of some people. I think we are starting to turn the tide. I think we’re on the right side of history. A tipping point will be reached and I don’t think it is too far away. I’ll keep slogging away and seeking the truth. There isn’t much more I can do.

Thank you for keeping this place interesting. I hope you all have a joyous fun-filled Christmas. There will be plenty of time for doom in the new year. For now, just enjoy the embrace of your family and tell them you love them.

HOLIDAY MESSAGE FOR THE MONKEYS

45 comments

Posted on 20th December 2013 by Administrator in Economy |Politics |Social Issues

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I know this blog attracts the cheapest bastards on earth and I count myself as a proud member of the frugal army. At one point there were another 20 ads on the right side of the page and the idiot advertisers were paying me $1 to $2 per day to place those ads. They have finally realized that you cheap bastards cannot be lured into buying their shit and have hit the road. After reading my diatribes about shysters and scam artists, you rarely sign up for Casey newsletters. Therefore, they don’t pay me.

Now we’re on the verge of the Christmas season and I’m guessing even you cheap sons of bitches will be buying something. If you hate malls and make your purchases on the internet, consider clicking the Amazon button on the right side of the page. If you make a purchase through that button, Amazon will send me 6% of the transaction amount. It won’t cost you anything more. So, you’ll actually be sticking it to an evil corporation by buying through my Amazon button. And I’ll have some funds to pay Stop the Hacker, Dreamhost and WordPress to keep this two bit blog functioning.

I’ve seen purchases of ammo, bulk silver, red dildos, and lingerie over the years, but I don’t see who buys what. I do have some suspicions regarding the red dildo and anyone who wants to confess can do so on this thread.

Here is the button for your convenience.