Lion of the Blogosphere

Archive for the ‘Business’ Category

Yes, pennies are useless

with 48 comments

It was pointed out in the comments about the dollar coins that the penny is the most useless unit of currency.

Yes, let’s get rid of the damn thing, and round all transactions to the nearest nickel. Combined with a law that requires all bricks-and-mortar retail prices to INCLUDE sales tax.

Written by Lion of the Blogosphere

November 19, 2018 at EST am

Posted in Business

Amazon’s HQ2 stunt

with 118 comments

I think this further cements the trend that there are only four metropolitan areas where there are any careers worth having: Seattle, Washington DC, New York City, and the San Francisco to San Jose region. (Plus maybe Boston and Chicago, or maybe those cities fade away in importance. Especially Chicago is likely to fade away. Boston still has Harvard and MIT going for it.)

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People ask, “what about Los Angeles?” I think that city has only one notable industry, show-business, and it’s kind of prole if you’re not involved in that industry.

I think if you take Phoenix Arizona, and you triple the population, and you add a beach, and a massive amount of smog, you get Los Angeles.

The point is, I don’t think it’s a place where Harvard grads move to (unless they are writers with Hollywood connections). But it’s a fun metropolitan area to virtually drive around using Google Street View. I like Beverly Hills and Santa Monica.

Written by Lion of the Blogosphere

November 13, 2018 at EST am

Posted in Business, Labor Markets

The new McDonald’s experience

with 157 comments

I walked in, and there was this section of eight huge self-service kiosks with touchscreens.

I was able to choose exactly what I wanted, and then pay for it with a credit card. I got a receipt with my order number on it printed real big so even someone with bad vision could easily see it. This was a massive improvement over the old method where I had to wait in a line and then give my order to a surly unhelpful cash register person.

Shortly afterwards, my order was called.

And it was only $2.18 for two hamburgers. Anything I might have cooked at home would have been a lot more expensive. How can they stay in business with prices so low?

The first hamburger was delicious in its own right, but I decided to experiment on the second hamburger by adding hot sauce to it. Yum! Spicy!

The only downside is that McDonald’s gives you the order in a bag with their logo stamped on it all huge. Nothing screams “PROLE!” more than a McDonad’s bag. So the secret to McDonad’s takeout is to bring your own bag with you. An npr totebag would be perfect for this purpose. No one would suspect that within the most SWPL of bags there was actually the most prole culinary treat.

Written by Lion of the Blogosphere

November 9, 2018 at EST pm

Posted in Business, Proles

Megyn Kelly

with 17 comments

When the little guy gets fired, he really gets fired.

As far as I can tell, Megyn Kelly gets paid $69 million dollars for not having to do any work.

A bottom-level manager at a company would get screamed at and fired for losing ten thousand dollars, but the guys at the top of NBC lose $69 million and it’s no big deal.

Written by Lion of the Blogosphere

October 26, 2018 at EST am

Posted in Business

Is J.C. Penney next?

Their stock price (JCP) peaked above 80 in 2007, but yesterday it closed at $1.56. It didn’t get any boost from the Sears bankruptcy, just the opposite, even though there have been some news articles predicting a small increase in same-store sales from Sears customers. The company has been losing money since 2014. Stuck in long-term leases at failing malls.

I think that without anchor stores, mall traffic declines, and therefore the liquidation of Sears could ironically hurt other stores based at the same mall.

Written by Lion of the Blogosphere

October 17, 2018 at EST am

Posted in Business

Sears, Kmart bankruptcy

Who shops at Sears? I think it’s brand name that resonates with people over the age of 60, which is a declining market.

And who shops at Kmart instead of Walmart or Target? No one I can think of. Except that there’s a ratty gross Kmart at Penn Station that I buy stuff at from time-to-time because it’s there. Anything they sell at Duane Reade you can get at the Kmart at Penn Station for less money. Unfortunately, I guess this means it won’t be there for much longer.

Written by Lion of the Blogosphere

October 15, 2018 at EST am

Posted in Business

Boycott Nike

Unlike monopolies like Apple or Google, this is a very easy company to boycott, there are lots of other companies selling sneakers and athletic clothing.

Written by Lion of the Blogosphere

September 6, 2018 at EST pm

Posted in Business

Corporate leftism: WeWork bans meat

WeWork, a company valued at $20 billion (based on what investors are willing to pay for the non-publicly-traded stock), which makes money by providing office space for people who don’t have real jobs so they can feel like they have a real job, has banned meat!

Well, not that meat will get you kicked out of the office, but at all company functions where food is served, no meat will be served, and employees will not be reimbursed for any meals that include meat.

Uncomfortable as the new dietary policy may be, Mr. McKelvey said WeWork is only just getting started. The company is phasing out leather furniture, single-use plastics and is going carbon neutral. In time, he said, the company will evaluate its consumption of seafood, eggs, dairy and alcohol.

SJWism run amok. When will conservatives realize that big corporations are their enemies and not their friends?

Written by Lion of the Blogosphere

July 23, 2018 at EST am

Posted in Business

Fired for using “N-word”

When you read the headline that the chief of public relations for Netflix was fired for using a bad word, you may have assumed he referred to black people or a specific a person as a n*****. But no, that’s not what happened at all.

At an internal meeting about forbidden words, instead of saying “the N-word,” Mr. Friedland slipped up and said the actual word.

And his other transgression is that three months later, at a meeting with black employees, he didn’t mention the incident at all! The complaint was that he ignored the issue instead of properly groveling and apologizing.

Here is the key quote from the memo written by the CEO:

For non-Black people, the word should not be spoken as there is almost no context in which it is appropriate or constructive (even when singing a song or reading a script). There is not a way to neutralize the emotion and history behind the word in any context. The use of the phrase “N-word” was created as a euphemism, and the norm, with the intention of providing an acceptable replacement and moving people away from using the specific word. When a person violates this norm, it creates resentment, intense frustration, and great offense for many.

Meanwhile, ghetto black people use the word all the time. Living in Manhattan, occasionally I pass by some ghetto blacks on the subway or on the streets, and they rarely speak a single sentence without that word in it.

* * *

Commenter Roli has the best observation:

Political correctness used to be mainly a tool for SWPLs to keep keep the proles in check, and for the longest time things went along just fine. Post Trump however, SWPLs lost control of political correctness and since then, more often than not, it turned into a monster that came back to bite their own liberal asses. The east coast (and west coast) elites need to see more of their own kind sacrificed to the Gods of political correctness before they come to understand just how destructive their ideas have been for American society.

Written by Lion of the Blogosphere

June 23, 2018 at EST pm

Posted in Business

People buying vacations on credit

Article at Marketwatch about new finance companies like Affirm which allow people to buy all sorts of crap they don’t need on installment plans, with usurious rates of interest.

The article provide a quote from a “financial expert”:

Still, financing a vacation is “a terrible idea all around,” Podnos said. “It’s one thing to finance your education or home purchase, or even a car purchase in some situations … but to finance a vacation is to me just insane. If you can’t afford to pay for your vacation out of cash on hand, don’t take a vacation.”

But it doesn’t go far enough. This is why we need laws against usury. Not only to protect the proles from themselves, but too many proles leveraged up to their eyeballs increases the riskiness of the entire economy and can lead to severe recessions or even depressions. And that’s true even when proles lever up to buy more worthwhile long-term assets like houses and college degrees. Well, a college degree isn’t an asset because it can’t be sold.

This is an example of where the libertarian model of economics fails.

Written by Lion of the Blogosphere

June 21, 2018 at EST am

Posted in Business, Economics, Proles

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