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sarchasm

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Member since: Sun Oct 19, 2008, 06:22 PM
Number of posts: 177

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Attempts at fracking prove difficult for Walmart due to government interference.

A Scary Reality About Wal-Mart's Customers: They're Broke
Ashley Lutz | Feb. 15, 2013

Wal-Mart shares are tanking after the company's executives called February sales a "total disaster."

“Have you ever had one of those weeks where your best-prepared plans weren’t good enough to accomplish everything you set out to do?” Wal-Mart exec Cameron Geiger wrote in one of the emails reported by Renee Dudley at Bloomberg.

“Well, we just had one of those weeks here at Walmart U.S. Where are all the customers? And where’s their money?” Geiger asked.

Wal-Mart is facing a scary reality: the ailing finances of its core customers, Brian Sozzi, chief equities analyst at NBG Productions, told us.

"Wal-Mart shoppers are the barometer of the U.S. consumer, and these emails reflect common sense about customers," Sozzi told us. "The consumer isn't mentally or physically ready to spend on discretionary inventory and there's no reason to be optimistic."

"The fundamental health of Wal-Mart's customer is concerning," Sozzi said.

The numbers Wal-Mart reported at earnings reveal a troubling trend. Traffic is nearly flat from a year ago, and Sam's Club executives said that customers aren't shopping as much.

The Wal-Mart executives blamed the hike in payroll taxes and a delay in tax returns for why customers aren't shopping, according to Dudley's story.

"When a payroll-tax break expired Dec. 31, Americans began paying 2 percentage points more in Social Security taxes on their first $113,700 in wages," Dudley reported. "For a person making $40,000 a year, that is about $15 a week."

Wal-Mart CEO Mike Duke told Women's Wear Daily last year that his customers weren't confident in the economy.

“They are middle-class Americans and those aspiring to join the middle class,” Duke said. “Our customers are working hard to adapt to the ‘new normal,’ but their confidence is still very fragile. They are shopping for Christmas now and they don’t need uncertainty over a tax increase.”

Read more: http://www.businessinsider.com/walmart-struggles-with-payroll-taxes-2013-2#ixzz2L4eemziB

Republicans Reveal Location Of Secret CIA Base During House Hearing On Libya Attacks

Source: Think Progress

In their questioning and in the public testimony they invited, the lawmakers managed to disclose, without ever mentioning Langley directly, that there was a seven-member “rapid response force” in the compound the State Department was calling an annex. One of the State Department security officials was forced to acknowledge that “not necessarily all of the security people” at the Benghazi compounds “fell under my direct operational control.”

And whose control might they have fallen under? Well, presumably it’s the “other government agency” or “other government entity” the lawmakers and witnesses referred to; Issa informed the public that this agency was not the FBI.

“Other government agency,” or “OGA,” is a common euphemism in Washington for the CIA. This “other government agency,” the lawmakers’ questioning further revealed, was in possession of a video of the attack but wasn’t releasing it because it was undergoing “an investigative process.”

Read more: http://thinkprogress.org/security/2012/10/11/991231/republicans-reveal-cia-base-libya/?fb_action_ids=10151268486573669&fb_action_types=og.likes&fb_source=aggregation&fb_aggregation_id=288381481237582



Republicans can not be trusted with secrets because they politicize them. First Valerie Plame now this.
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