Walmart Should Stop Trying to Placate Living Wage Leftists

Otherwise, they are committing suicide. It is impossible to placate the Left. You only encourage them. I recently posted about Walmart closing hundreds of stores and raised the possibility that this was the result of Walmart’s wage increase. Now Tyler Durden of ZeroHedge weighs in on the issue, telling Walmart that they should “never listen to the left.” Back when Walmart raised the wage Mark Horne raised the possibility that the retail giant was hoping to stop criticism. For Durden, there Read more […]

The Problem of the Sexless Japanese Still Continues

Mark Horne posted about this problem over a year ago. Now McClatchy reports that nothing has improved. There are still a growing number of sexless Japanese. Japan is well known for many things, and its obsession with sex is one of them. It has one of the most robust pornographic and adult-toy industries in the world and airs TV commercials for items as banal as candy that feature sexually suggestive themes. It even has an annual fertility festival that parades two five-foot-tall penis sculptures Read more […]

Walmart Shuttering 154 Stores in the U.S. after Raising Wages

Here is another example of the great recovery we’ve had under Obama. According to Tribune Media: “Walmart to close 269 stores, 154 in U.S.; 10,000 employees impacted.” Walmart is closing 154 stores in the U.S., the company announced on Friday. As part of a “sharpened focus on portfolio management,” the 154 U.S. closures include 102 of its Walmart Express stores, which were opened during a test that started in 2011. The other closures include 23 Neighborhood Market stores, 12 Supercenters, Read more […]

Illinois Financial Crisis Scares General Electric Away

General Electric has no problem with state tampering with the economy when they are the direct beneficiaries of that tampering. We have seen this with their push for the renewal of the Ex-Im bank, and their shameless use of campaign donations to pressure politicians. However, when a government’s tampering with the economy leaves the economy at the point of an impending crisis, GE doesn’t want anything to do with it. The Chicago Tribune reports, “State Pension Crisis Hurt Chicago’s Chances for Read more […]

Vanity Fair Sees the Spending Binge and Knows Something is Wrong

I wouldn’t often turn to Vanity Fair for real news but the magazine seems to have some insight into our dire financial situation. Here’s a taste: This start to 2016 comes off the worst year for markets since 2008. Hedge funds lost an average of nearly 4 percent in 2015, according to estimates from hedge-fund research firm HFR Inc, as even top fund managers had their most terrible years in history. Billionaire financier George Soros, speaking at an economic forum last week, told an audience that Read more […]

Macy’s: What Recovery?

It is amazing to me thinking about the news in 2008 and comparing it to the news now. The economy was getting ready to crash and the liberal media was hammering Bush and the Republicans in general. The crash that finally came was a huge help to the Democrats with the media operating as their echo chamber. Compare that to what is happening now. AP reports, “Macy’s cutting 4,800 jobs after dismal holiday sales, a harbinger of hard times for retailers.” Macy’s is slashing jobs, a harbinger of hard Read more […]

Obamacare Fine Still Not High Enough; People Are Opting Out

I posted about how the Obamacare fine is going up. But new media reports I have seen indicate the fine may not be going up enough. The New York Times reports, “Many See I.R.S. Penalties as More Affordable Than Insurance.” Clint Murphy let the deadline for getting health insurance by the new year pass without a second thought. Mr. Murphy, an engineer in Sulphur Springs, Tex., estimates that under the Affordable Care Act, he will face a penalty of $1,800 for going uninsured in 2016. But in his view, Read more […]

Scenes from the College Bubble

This video is rude in places (it beeps or blurs out the worst stuff), but it is spot on. The most eye-opening part of the video to me were the bowling alleys, Jacuzzis, and other luxury items that were on display from real college campuses. The extravagant pools really looked like something from a theme park. Since I wrote about the college bubble yesterday, I should mention that this is further proof of it. Remember the housing bubble that crashed in 2007: That didn’t just mean that Read more […]

CBO: Obamacare Will Discourage More People from Working

The Hill reports more “benefits” of the Affordable Care Act: “CBO: 2 million jobs’ worth of hours lost under ObamaCare.” ObamaCare will force a reduction in American work hours — the equivalent of 2 million jobs over the next decade, Congress’s nonpartisan scorekeeper said Monday. The total workforce will shrink by just under 1 percent as a result of changes in worker participation because of the new coverage expansions, mandates and changes in tax rates, according to a 22-page report released Read more […]

Restaurants Try to Make Customers Eat Obamacare

Prediction: Obamacare will cause a wave of restaurant closings. Chief Justice Roberts said that the Affordable Care Act’s fine for not purchasing Obamacare insurance was Constitutional because it was really a tax. That was legally outrageous but it was economically interesting. What is the difference between the government taxing you for the sake of “services” the government wants to provide and the government fining you for the same reason? The fact is Obamacare is a massive tax in lots of ways. Read more […]

Millennials Will Crash the Economy. Good Job!

The only way a financial bubble can end is to collapse. But the more obvious it becomes that the economy is on an unsustainable path, the more vested interests will try to extend it, making the crash even worse. As a result, even though it is going to be grim, signs that they are no longer going to be able to sustain the economy are actually good news. Did you know that 61 percent of Millennials don’t own one credit card? At his Global Economic Analysis blog, Mish quotes from MarketWatch: Read more […]

Obama Economy Driving Mexicans Back to Mexico

Three years ago Mark Horne wrote a post on how the bad economy was making more immigrants leave than stay. At the time (believe it or not) Barack Obama claimed, So we’ve put more Border Patrol on than any time in history and the flow of undocumented workers across the border is actually lower than it’s been in 40 years. But Mark pointed out that the reason for the decline was the Obama economy was so bad. Immigrants were moving back South because they couldn’t find work. I had assumed that Read more […]