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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 11:24 AM
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61. A Personal Observation from a 99%er in this Christmas Season of Failure
In this past year, I have seen 3 businesses I patronized, big and/or long established, collapse and shut their doors for ever.

The first was Borders Books, which collapsed under an unbearable amount of debt imposed by a buyout sham/scam artist to pay 1% people off, instead of to compete with Amazon and other competitors, or even pay its employees. A 40 year, local retailer, gone. I have no idea where I will shop for presents, sudoku puzzles, videos, the annual Star Trek calendar....the alternatives are grim and far away, on the other side of town, or cold and unwelcoming Barnes and Noble, which never inspired any interest in me.

The second was Blockbuster. The Kid LOVES movies, as anyone who has been reading here knows. The nearest Blockbuster was 2 miles up the road. Now it's 10 miles, across town, two campuses and a major hospital complex, or 15 miles by highway. I really hate going that far on a regular basis, and they F****ed with their fee schedules, and we used to go several times a week, and there's been nothing good in theaters and then release for nearly a decade, save for the occasional Harry Potter or Harrison Ford or Jackie Chan....and while we have an extensive collection at home, she wants to keep them all in her room, which would mean we'd have to move out. Literally. I have the majority locked up to prevent a video takeover of what little part of my life I still can control...Netflix has had its travails, and Blockbuster is now in the mail-order business, but the Kid simply cannot open the return envelope without destroying it (hand/eye/motor difficulties, plus sheer willfulness). The amount of stress this has imposed on a daily basis is incredible.

The third was a greasy spoon, 30 years in business, killed by BFEE, Pfizer, and the current do-nothing technocrats who can't be bothered to do anything about the economy. We've been in Depression since 9/11, and it isn't going away anytime soon. Oh sure, the franchises are all over the place, but the local restaurants with handmade food are dying away. People cannot afford to eat out, and I don't consider McDonalds "eating". Refueling, at best.

And that's the way it is, Christmas, 2011. Goodnight, and good luck, America. We are going to need it.
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  -STOCK MARKET WATCH, Wednesday, November 23, 2011 Pale Blue Dot  Nov-23-11 06:06 AM   #0 
  - Millions of reports today  Pale Blue Dot   Nov-23-11 06:07 AM   #1 
  - Duirable-goods orders fall 0.7% in October  Roland99   Nov-23-11 07:35 AM   #21 
  - Personal income up 0.4%, spending 0.1% in October  Roland99   Nov-23-11 07:35 AM   #22 
  - Weekly U.S. jobless claims rise 2,000 to 393,000  Roland99   Nov-23-11 07:35 AM   #23 
  - Four-week claims average falls 3,250 to 394,250  Roland99   Nov-23-11 07:38 AM   #28 
  - Continuing claims rise 68,000 to 3.69 million  Roland99   Nov-23-11 07:39 AM   #29 
  - Core PCE index increases 0.1%  Roland99   Nov-23-11 07:36 AM   #24 
  - PCE price index falls 0.1% last month  Roland99   Nov-23-11 07:36 AM   #25 
  - Core capital goods orders drop 1.8%  Roland99   Nov-23-11 07:38 AM   #26 
  - Orders minus transportation rise 0.7% last month  Roland99   Nov-23-11 07:38 AM   #27 
  - Nov. UMich consumer sentiment 64.1 vs 60.9 Oct.  Roland99   Nov-23-11 08:57 AM   #44 
  - Oil falls below $97 amid weak US economic growth  Pale Blue Dot   Nov-23-11 06:08 AM   #2 
  - Hi!  Tansy_Gold   Nov-23-11 06:09 AM   #3 
  - a wild turkey of a day!  Roland99   Nov-23-11 06:11 AM   #4 
  - Yup. World stocks hit six-week lows. China, Germany hard landing intimations.  Ghost Dog   Nov-23-11 06:12 AM   #7 
  - Mercury retrograde, too  Demeter   Nov-23-11 06:14 AM   #8 
  - Check out the toon!  DemReadingDU   Nov-23-11 07:20 AM   #17 
     - another toon  DemReadingDU   Nov-23-11 07:45 AM   #31 
        - +1  xchrom   Nov-23-11 08:25 AM   #37 
  - Stock futures drop on economy worries, Europe  Pale Blue Dot   Nov-23-11 06:11 AM   #5 
  - Futures pointing much lower  Roland99   Nov-23-11 06:12 AM   #6 
  - That's not "much" in my book.  Tansy_Gold   Nov-23-11 06:40 AM   #10 
     - heh. Well, they're a bit more down after the morning reports  Roland99   Nov-23-11 07:40 AM   #30 
  - Fitch warning of French downgrade  Roland99   Nov-23-11 06:40 AM   #9 
  - German Bund Auction a "complete and utter disaster"  Roland99   Nov-23-11 06:40 AM   #11 
  - morning!  xchrom   Nov-23-11 06:53 AM   #12 
  - europe: Turkish lira on the slide  xchrom   Nov-23-11 06:55 AM   #13 
  - An Irish village says no to the banks  xchrom   Nov-23-11 07:07 AM   #14 
  - Tens of billions of private business debts, transferred to the citizens,  Ghost Dog   Nov-23-11 10:11 AM   #50 
  - Brussels to put bad pupils under tutelage  xchrom   Nov-23-11 07:09 AM   #15 
  - Europe Short on Cash as Bond Fears Deepen  xchrom   Nov-23-11 07:16 AM   #16 
  - Eurozone crisis: "Worst ever" German debt auction sends euro sliding {live}  xchrom   Nov-23-11 07:30 AM   #18 
  - I wish they would put the Euro out of our misery  Demeter   Nov-23-11 08:21 AM   #35 
  - Bank of England calls for less owner occupation. The Treasury wants more  xchrom   Nov-23-11 07:34 AM   #20 
  - European Union unveils euro bond proposals  Roland99   Nov-23-11 07:57 AM   #32 
  - Pressure builds on Rajoy to reveal plans  xchrom   Nov-23-11 08:45 AM   #42 
  - Catalonia to cut public sector wages next year  xchrom   Nov-23-11 08:46 AM   #43 
  - Nokia Siemens to cut 17,000 jobs, 23% of its workforce  xchrom   Nov-23-11 10:23 AM   #56 
  - Eurozone surveys and Chinese factory slowdown add to global economic woes  xchrom   Nov-23-11 07:32 AM   #19 
  - k&r n/t  Hotler   Nov-23-11 08:20 AM   #33 
  - "Nearly Half of Americans Struggling to Stay Afloat"  bread_and_roses   Nov-23-11 08:21 AM   #34 
  - The only question is--what comes to replace it?  Demeter   Nov-23-11 08:24 AM   #36 
  - cities with budget woes sell out to the highest bidder  xchrom   Nov-23-11 08:27 AM   #38 
  - Hold onto your hats folks...might be a rough ride today.  Roland99   Nov-23-11 08:27 AM   #39 
  - JPMorgan Said to Buy MF Global Stake in London Metal Exchange  xchrom   Nov-23-11 08:40 AM   #40 
  - Congressional Panel Seeks to Question Corzine  xchrom   Nov-23-11 08:43 AM   #41 
  - 10:05am - ain't nobody happy  Roland99   Nov-23-11 09:06 AM   #45 
  - I am.  Tansy_Gold   Nov-23-11 09:26 AM   #46 
  - ...  Roland99   Nov-23-11 09:44 AM   #47 
  - I'm with you, Sister (n/t)  bread_and_roses   Nov-23-11 09:57 AM   #48 
  - Me too  Demeter   Nov-23-11 10:06 AM   #49 
  - Re-framing a sad day -  InkAddict   Nov-23-11 05:55 PM   #74 
     - My dear friend, condolences  Demeter   Nov-23-11 06:15 PM   #75 
     - Sorry for your loss.  Hotler   Nov-24-11 08:56 AM   #80 
  - Closing Wall Streets casino David Cay Johnston  Demeter   Nov-23-11 10:12 AM   #51 
  - 11:13am - new daily low. Might bounce soon as Moody's maintains AAA rating for U.S.  Roland99   Nov-23-11 10:14 AM   #52 
  - Moody's Isn't Going to Maintain Anything  Demeter   Nov-23-11 10:19 AM   #55 
  - Five Ways that Financial Elites are Destroying Democracy  Demeter   Nov-23-11 10:17 AM   #53 
  - A PITHY QUOTE  Demeter   Nov-23-11 10:18 AM   #54 
     - I have no hope. I see no future. eom.  Hotler   Nov-23-11 10:40 AM   #59 
     - Recovery not going to happen  DemReadingDU   Nov-23-11 10:47 AM   #60 
  - Immortal Technique on Occupy Wall Street: "Some of You Billionaires Are Going to Have to Go Bankrupt  Demeter   Nov-23-11 10:25 AM   #57 
  - Cyrus Mistry to lead Tata Group  Demeter   Nov-23-11 10:32 AM   #58 
  - A Personal Observation from a 99%er in this Christmas Season of Failure  Demeter   Nov-23-11 11:24 AM   #61 
  - I'm Wishing All the Best Thanksgiving Possible  Demeter   Nov-23-11 11:31 AM   #62 
     - ....  Hotler   Nov-23-11 01:16 PM   #63 
     - and wishing you a good turkey day tomorrow  DemReadingDU   Nov-23-11 01:40 PM   #65 
     - We could do a cross-country drinking tour  Demeter   Nov-23-11 06:17 PM   #76 
     - Indeed!  hamerfan   Nov-23-11 02:41 PM   #66 
  - 90 min. to close and at new daily lows  Roland99   Nov-23-11 01:30 PM   #64 
  - oh, the Thanksgiving Faeries are trying something  Roland99   Nov-23-11 02:47 PM   #67 
  - And they failed. Fell off a cliff at the close!  Roland99   Nov-23-11 03:06 PM   #68 
  - And a Happy Thanksgiving to you all!  Roland99   Nov-23-11 03:07 PM   #69 
  - Is 11,000 the new 12,000?  RUMMYisFROSTED   Nov-23-11 03:10 PM   #70 
  - remember "Dow 36,000"?  alterfurz   Nov-23-11 03:49 PM   #72 
     - This Black Friday you can get it for 12,000.  Fuddnik   Nov-23-11 04:06 PM   #73 
     - hey but "I didn't say WHEN it would hit 36,000"  wordpix   Nov-23-11 09:33 PM   #79 
  - Not only has my Butterball been recalled, it's part of a Muslim plot!  Fuddnik   Nov-23-11 03:32 PM   #71 
     - Are you kidding?  Demeter   Nov-23-11 06:19 PM   #77 
        - It's a Butterball joke.  Fuddnik   Nov-23-11 06:40 PM   #78 

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