HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » EarthFirst » Journal
Page: 1 2 3 4 5 Next »

EarthFirst

Profile Information

Gender: Do not display
Current location: Rochester, New York
Member since: Wed Dec 21, 2016, 06:50 PM
Number of posts: 478

Journal Archives

The Cause and Consequences of the Retail Apocalypse

This story is at odds with the broader narrative about business in America: The economy is growing, unemployment is low, and consumer confidence is at a decade-long high. This would typically signal a retail boom, yet the pain rivals the height of the Great Recession.

This is a robbery in progress. Private equity firms borrow massively to buy companies, and use corporate cash reserves to pay themselves back. Workers who supply the value to the business see nothing; in fact, to service the debt, companies usually cut staff. When the retailer collapses under the borrowing weight, all workers lose their jobs. And even when sales go up, like they have by 5 percent annually in the toy sector over the past five years, dominant toy sellers like Toys“R”Us cannot compete because of the debt burden. The company’s profitability was increasing when it filed for bankruptcy.

The Republican tax plan actually recognizes this. The House bill proposed a cap on the deductibility of interest payments over 30 percent of a company’s earnings; the Senate bill defines earnings in such a way to reduce that cap even further. This would discourage some debt-fueled buyouts, and private equity firms are screaming about it.

However, the GOP left a gaping loophole: Real estate companies are exempt from this cap. This would benefit President Donald Trump’s family business, but it could also help private equity firms that split the operating side of the businesses they buy from the property side, as Sears did. They could put all the borrowing onto the property side and continue to deduct the interest.

https://newrepublic.com/article/145813/cause-consequences-retail-apocalypse

PSA: Daylight Saving Time

Is Twitter broken?

No response yet?

I just cannot wrap my mind around this...

He'd have just been better off just staying away.

So was there an approximate time we are to vaporize today?

Just getting home from some overtime hours at the place of employment?

What sorta time frame do we have here this afternoon?

Shelters that accept pets in Florida during Hurricane Irma

Shelters that accept pets in Florida during Hurricane Irma

Read more:

http://metro.co.uk/2017/09/08/shelters-that-accept-pets-in-florida-during-hurricane-irma-6913370/#ixzz4sDtxTrfr

Florida Man Charged With Picking Magic Mushrooms While Carrying An Alligator

OVIEDO, Florida -- A Florida man was arrested along with three others last Sunday by a Florida Fish and Wildlife Conservation officer for allegedly picking hallucinogenic mushrooms in the Little Big Econ State Wildlife Management Area in Seminole County, Florida while also carrying a 2-foot-long alligator in his backpack.

http://news.brevardtimes.com/2013/06/florida-man-charged-with-picking-magic.html?m=1

Florida Man never ceases to amaze me!

Jerry Garcia's 'Wolf' guitar sells for $1.9M at New York auction

NEW YORK (AP) -- A guitar that Jerry Garcia played everywhere from San Francisco's Winterland Ballroom to Egypt's Great Pyramids fetched over $1.9 million at an auction Wednesday night.

The Grateful Dead frontman's guitar -- named Wolf -- was sold at the Brooklyn Bowl, a bowling alley, restaurant and music venue. The sale price includes the buyer's premium. The proceeds are earmarked for the Montgomery, Alabama-based Southern Poverty Law Center.

"I've been a fan of The Dead since I was a kid, and playing this iconic guitar over the past 15 years has been a privilege," said Pritzker. "But the time is right for Wolf to do some good."

SPLC President Richard Cohen said the organization is grateful Pritzker "is willing to part with this piece of music history to support the SPLC's mission fighting hate and bigotry."

http://www.cleveland.com/entertainment/index.ssf/2017/06/jerry_garcias_wolf_guitar_sell.html

An anonymous matching donation to the SPLC brought the total amount to $3.0 million.

The Trump defense:

"Oh, come on! Come oooooon..."

So how long until GoFundMe is our nation's leading health care provider?

https://twitter.com/Lons/status/860200901583093760
Go to Page: 1 2 3 4 5 Next »