Monday, November 30, 2009
Your Friendly Neighborhood Starbucks Going Out Of Business
[Source: About.com]
2009 Retail Industry Stores Closing, Including Chains Going Out of Business:
This list is arranged in descending order, according to the total number of store closings planned for 2009. It was last updated on 11-15-09.
2,639 General Motors
960 Blockbuster
789 Chrysler
567 Circuit City
461 KB Toys
450 Movie Gallery (Game Crazy, Hollywood Video)
365 Ritz Camera
273 Starbucks
287 Goody's
265 Jones Apparel Group (2009 & 2010)
240 Waldenbooks
191 Zale Corporation
175 Van Heusen
163 Ann Taylor (by 2010)
161 InkStop
160 Family Dollar
150 Popeye's (AFC Enterprises)
135 S&K Famous Brands Inc.
130 Advance America
129 Boater's World
125 F.Y.E. (Trans World Entertainment)
121 Eddie Bauer
118 Office Depot
117 Rite Aid
104 Finlay Enterprises
102 Payless Shoes
See the complete list here.
How the Federal Reserve (Central Bank) Bankrupts the Nation
Imperial Decline is NOT the End of the World
Far from perceiving it as a tragedy, I see it as a very liberating change. Empires have collapsed in the past, but it did not mean the end of the world for citizens of those countries. In fact, those societies acquired higher moral ground. Consider the case of the British Empire which was ruthlessly robbing half the world. Consider the German Empire under Hitler. Both Brits and Germans still live well now, but they are not ashamed to look in the eyes of the world any longer. The acute phase of the collapse is unfortunately going to hurt, but we will emerge as a society which can, hopefully, finally respect itself, and possibly even have some true respect in the world. Just like in Rome they literally built new structures of the old stones, so will we eventually rebuild, and possibly, like the Italians, even completely eliminate the "emperors" of our times who brought us to the destruction (the Rothschilds, Rockefellers and other shadowy rulers of the US pulling the strings behind the curtains). Maybe, like modern Roman, we will even be showing tourists ruins of our Wall Street for money.
P.S. Interestingly enough, a book called "The Decline of the Dollar Empire and The End of Pax Americana" was published in 2003 by two much ridiculed Russian economists, Kobiakov and Khazin. In it they talk about the exact scenario we are now seeing right in front of our eyes. The link is to the Russian text of the book - I am not aware of an English translation of it.
Friday, November 27, 2009
What I am Particularly Thankful For
As we celebrated Thanksgiving, I am sure we all gave thanks for still being around, for friends, family, good health, good fortunes, a roof over our heads, the food on our tables, etc. For a number of years Thanksgiving has had a special significance for me. Here is my personal Thanksgiving story.
Five years ago on a Thanksgiving Day, members of my extended family numbering 30+ people made a trip to the bottom of the Grand Canyon staying in its only "hotel" (a dorm, really) "Phantom Ranch." The trip was organized 2 years prior to its inception because beds at the "Phantom Ranch" can be booked two years in advance, and are gone within minutes of becoming available for this time of the year. When we were asked whether we wanted to participate in this special family adventure, we enthusiastically agreed for it seemed like a great trip some time in the distant future which might never come. But it did come, and we had to go. Anyway, the trip down (1 vertical mile) took 5 hours. By the time we got to the bottom, I had a pretty bad premonition about what was expecting us on the way out tomorrow.
When we got to the Ranch, it turned out that a dead tourist was evacuated from Colorado River at that particular spot earlier that day - the guy fell over from his raft into the river, and as I soon learned from a documentary book appropriately named "Death in the Canyon," people die not from drowning, but from hypothermia if they are not pulled out of the frigid water within minutes. I was too tired to empathize with the unfortunate soul. All that occupied my mind at that point was that there WAS a way out by a helicopter. I inquired around to see what it would take to get evacuated from the stupid ranch short of dying for it. I was told it cost about $5,000. That seemed like a great deal! Alas, one also had to have a life threatening injury. I briefly considered breaking my arm or a leg, but I was too ashamed to desert and leave my 9-year-old son make his way out of the Canyon.
The next day was pure and undiluted hell. You really do not care in the least about the spectacular views which open up in front of your eyes for the duration of the trip. At some point all I could think about was that if I stop, I won't be able to start going again. It was like doing lunges for 8 hours straight, with a back pack, too.
So-o-o-o... This brings me to the point of the today's post. Every Thanksgiving I am particularly thankful for the fact that I am celebrating this holiday not at the bottom of the Grand Canyon.
Wednesday, November 25, 2009
Can Israel do no wrong?
Monday, November 23, 2009
A New War SurTax - a Brilliant Idea!
Sunday, November 22, 2009
Sharing a Great Resource
"Do you know the real reason that Obama is in China?[...] He's trying to pry open Chinese markets to US financial services. [...] This just proves that the outsourcing of jobs, the off-shoring of businesses, and the "free trade" laws are mainly the work of cutthroat American corporatists not the "rascally Chinese" as the media would like everyone to believe. China is not destroying America; blue-blooded, brandy-guzzling, Harvard-educated Americans are. It's just good-old-fashioned class warfare....and our class is losing. For those who want to know what Obama's trip is really all about; ignore Obama altogether and read Treasury Secretary Timothy Geithner's article in the Wall Street Journal, "The Road Ahead for Asia's Economies." It tells the whole story. Geithner candidly admits that US markets will remain stagnant for years to come and that other emerging nations (i.e. China) will have to develop their own domestic markets so that Wall Street speculators can attach themselves parasitically to a more succulent host. [...] Summary: Geithner and Co. see the US economy languishing in a low-grade Depression for the foreseeable future, therefore, Wall Street must progressively move its base-of-operations eastward.This is the real reason behind Obama's trip to China. There's no truth to the rumor that US policymakers care about "currency manipulation" or the ongoing looting of the American middle class. That's rubbish. China's "dollar-peg" essentially serves the interests of the giant multinational corporations and Wall Street speculators who own the media, the courts, the congress, the White House and most of the country." You can read the whole article here.
Another recent fascinating article on that website is devoted to the analysis of the amendment passed by the House Finance Committee on Friday, November 20, mandating the first ever audit of the ominous organization the Federal Reserve. This is tantamount to casting the first serious challenge to the current financial elite governing the country from behind the scenes. Read the article here.
How Many Oranges does it Take to Make One Apple?
Friday, November 20, 2009
Sincere Gratitude
Thursday, November 19, 2009
Fear Factor
But this flies in the face of the conventional wisdom that early diagnostics saves lives. That is exactly what it is: conventional wisdom. In the Middle Ages, conventional wisdom taught that mice were born from filth. EVERYONE knew it. Also, witches worked up the storms. Drought was a God's punishment for sins. Anybody who would have argued with that would have been ridiculed or worse, persecuted.
Similarly now, when FACTS show the TRUTH, the facts are objected to. Who is raising objections? Radiologists. Hello! Their livelihood depends on every woman getting an annual mammogram, which they can then follow up with largely unnecessary ultrasounds, breast MRIs, etc. What do they cite as their evidence? That somebody was diagnosed early, and they are still alive. Great! And then there are scores of cases which they do not quote when someone was diagnosed early, and they still died. Or when someone was diagnosed with a large tumor, and they are still alive. Notice that radiologists are not up in arms against the government's panel's finding that breast self-examinations are useless - even though that also flies in the face of what doctors have been preaching for decades. Why are they not debating that? Could it possibly be that those "tests" were free anyway? If you do not see a self-serving interest there, then maybe you don't laught at the Chick-Fil-A Cow Mascot holding a sign reading "Eat Mor Chikin" either.
What is at work here? Fear factor. We are afraid of dying from cancer. We BELIEVE that early diagnosis of breast cancer can save our life even when it is shown not to be the case. And some groups are using our fear to make us doubt the facts, and look as our saviors in the process.
And then we are asking ourselves the question: why is American medicine so expensive even though all our stats show we are ranked #37 in the world for the outcomes? Really, why?
Wednesday, November 18, 2009
What are they smoking at Fox News?
Let us just remember a few highlights from those interviews. When asked what constituted her foreign experience, Ms. Palin stated that 1) Putin flies over Alaska, 2) she visited 3 foreign countries (on her way to a campaign trip to Iraq the plane made a fueling stop in Ireland, and she mistakenly thought that while in Iraq she went a few feet across the border into Kuwait - that makes 3, you know; Sarah DOES know how to count to 3). When asked which newspapers she reads on a regular basis and which news media form her world view, she answered: "Well, all of them." Katie Couric was embarrassed by this answer and pressed some more asking her to name just a few. Like a parrot, Sarah could only repeat: "Like I said, all of them."
Those were not tricky questions, you know. Not for anybody with anything more on their shoulders than a pretty face with a nice hairdo. Those were not the strategically worded questions meant to "get her."
Does anybody seriously think we need to know more about this woman? She twists facts (3 countries???), she does not read, she cannot answer simplest questions, she is pathetically uninformed, she has never had enough curiosity to travel (just don't tell me that it is cheaper to hire a helicopter and get a gun to shoot wolves with from the air than it is to go to, say, Canada on a weekend trip) - a formidable candidate indeed! Well, if that is the best the Republican Party can do, this is a sad day for the party.
Fox states that the Left fears and hates her. Well, I am not the Left, so what would I know? But I don't fear her. I despise her. Oh, and I fully give her credit where it is due. She is pretty, she is in great shape, she has good hair and a great rear end. And that is - well - the end of it.
Tuesday, November 17, 2009
Sunday, November 15, 2009
$320,000,000 DAILY FUEL BILL for the Marines alone in Afghanistan
On the other hand, here is a permanent link to the list of all of his columns.
I consider myself lucky to have discovered such a distinguished, well-informed and intelligent source of information and interpretation of the current situation.
P.S. My Russian-speaking readers can read an excellent in-depth interview with Paul Craig Roberts to a Washington, DC - based correspondent of a Russian news site slon.ru here.
Saturday, November 14, 2009
Class Action Lawsuit - Anyone?
Like I have said before, my daughter's car was recently totaled in an accident at the fault of another driver. The other driver's insurance company is Geiko, and they are offering to pay my daughter what a "comparable" car costs in dealerships which are about a 100 miles away from where we live (there are no cars like hers in our city which are comparable in age, mileage, options, and conditions).
Here is what they are NOT offering to cover: the dealer's fees which amount to $550-$600, and which she will be required to pay at ANY used car dealership. So essentially, they are leaving her $600 short if she were to replace her old car with its equivalent. In other words, through no fault of her own, she incurs a loss, and she is asked to please pay $600 to obtain a replacement.
Geiko refused to budge on their offer of the settlement for the car, and they justified it by the fact that they "never" compensate anybody for those dealer's fees. Which leads me to believe that a class action lawsuit may be in order because thousands of people are wronged like my daughter is now.
I consulted with a friend who is a personal injury lawyer, and he told me that unfortunately in the state of North Carolina, my daughter won't be able to sue Geiko directly, because she is a "third party": the contract is between the other driver and Geiko, and my daughter can only sue the other driver for that shortage of the funds. And then the other driver may potentially sue her insurer. Which pretty much rules out a class action lawsuit in our case. However, in some other states, lawsuits like that ARE allowed, and I would very much encourage some young and ambitious attorney who may be hungry for a big case to try it on. Insurance companies are getting away with this injustice, and it should be stopped.
Friday, November 13, 2009
The Spirit of the Times
Wednesday, November 11, 2009
An American Virtue
Russians who come to the US are struck by the opposite things: lots of smiles, and the fact that people are not ashamed to tell on you. Russian forums often discuss this seeming discrepancy - how your coworkers can be smiling to you cheerfully one minute, and reporting you to the boss for being 2 minutes late the next minute. That is the main reason why many Russians condemn American smiles as fake and insincere. (Personally, I prefer a fake smile to sincere scorn, but I will acknowledge that I do not attribute any feeling of a benevolence towards me to any person who smiles to me.) A couple of things happened this week which I wanted to mention as an example of what I am talking about.
My Russian friend sends her daughter to a nice private school in our area. Two days ago, her daughter came home with the news that the principal chastised the teachers for displaying pictures of their drunk behavior at a party on Facebook pages where they could be easily seen by the students with whom many teachers are Facebook "friends." An act of stupidity - no doubt! But the most shocking part is not what those teachers did, but how the students found out about this email. It turns out one of the teachers - who did not go to the party - read that email out loud to the students. Simply for the pleasure of reporting the bad behavior of others. Personally, I would fire that teacher on the spot, but I am afraid my American readers would mostly disagree.
Another story on the same day. A Russian friend manages a furniture wholesale company. Recently, a few of the sales reps of another large furniture company have asked her if they could sell her company's furniture to their retail clients. She does not have a policy of exclusive representation, so she had no problem with that. The sales reps are hurting in this downturn because their income is strictly based on commission, and their orders are down (whereas mortgages remain the same, and need to be paid every month). So these reps were selling her furniture for a few months until someone reported them to the original company for which they have worked. It turns out, that the other company did expect them to represent only their furniture, even if they could not maintain their living doing that. And some well-meaning company adherent felt it proper to report his brethren who have strayed off the path of righteousness.
I don't know about you, but cases like this make me disgusted. I think all too often people here do not make a difference between reporting somebody with a simple goal of getting them into trouble as opposed to telling whith the purpose of preventing someone from getting hurt.
Tuesday, November 10, 2009
On the Lighter Side
Monday, November 9, 2009
Who do you love more: Mom of Dad?
If we continue to stubbornly oppose the fact that Muslims should not be asked to choose their country over their religion, we risk having many more Maj. Nidal M. Hasans. We will breed a strong fifth column in our military. After all, we did not send Japanese Americans to fight with Japan in World War II.
I am not saying that Muslims should not be allowed to serve in our military forces. But they absolutely should not be required to serve in combat against Islamists. To ignore the obvious fact of their split loyalties is to make a grave mistake.
On Asians in the US
On Virtue of Simplicity
Sunday, November 8, 2009
America Doesn't Have a Chance
Saturday, November 7, 2009
On Videotaping and Learning to Drive
Yesterday, we had a conference scheduled. My husband happened to have a day off, so he attended it as well. On the way to school, our son was marvelling at the fact that Dad was coming along and teasing him whether he knew the names of any of his teachers. My husband responded with dignity that he had attended parent-teacher conferences in the past. To be fair, I confirmed that during our son's Middle School years he did attend ONE teacher conference, to which my husband defiantly retorted: "And that is all there was!"
Anyway, we teased Dad some more about it when our son's adviser lauded the fact that the whole family showed up. To which the adviser said: "Well, you are doing better than me!" And he proceeded to share his own story. Years ago, he was in magazine publishing business which kept him travelling away from home for two weeks out of a month. Naturally, that made him miss many of his children's events. Then one day there was a kindergarten graduation ceremony for his son to which he barely made it rushing madly from one of his trips. He got there after it had already started, got a seat in the back row and was very proud of himself for not forgetting to bring a camcorder. He videotaped his son, and his wife was very happy to see after the ceremony that her husband did manage to attend. Feeling like a super Dad, he told his son that they will now go home and watch him on TV. When they started watching the tape, his wife asked with amazement: "Why on earth did you tape ... Manny?" It turned out, he videotaped the wrong kid. His explanation was that from such a distance all blond 6-year-olds look the same. "Were you in a dog house after that?" I asked. "No," he said. "I had to change careers."
And there was another great story which is a good analogy for situations when we feel overwhelmed when starting something new. Our son just started high school this year, and it was not a very happy start. He felt lonely and rushed, overworked and confused. Since he was getting an 'A' average in all of his classes, many of them advanced, the school did not seem to be aware of the problem, and I had to bring it up to their attention about a month ago. Well, this time his adviser shared another personal story on when he first started driving a car. He got his learner's permit, and his Dad told him that he can drive himself to school one day with his Father in the car, of course. The boy was very happy. He felt that he already knew how to drive, and the school was just 2 miles away. Well, in those 2 miles he was completely exhausted. He said he left the car all sweaty feeling like he had worked a long day. He realized that on the road he had to keep track of so many things at once (traffic signs, lights, pedestrians, other drivers, keeping the speed limit, giving a turn signal, etc.) that it was overwhelming. He could not see how he would ever find driving natural and relaxing. Yet it did happen to him in due time, just as it happens to all of us. And especially as women, we can drive, talk on the phone, put make-up on, feed the kids and interrupt their fights all at the same time.
So this was the first time when we left enriched with two thought provoking parables. By the way, my husband then remarked that even though the adviser goofed up with the videotaping, he got a great story which would not have been if not for his silly mistake. I am sure next time when my husband forgets to take the time off to attend our son's teacher-parent conference, he will have some great story to tell.
That is JANE!
Shadow Government Statistics
What I read on that site is more in tune with what I see around me: despite the omni--repeated mantra that the US economy has entered the growth phase, it feels like the real chill of the Great Recession is just setting in. As one oriental saying goes, "Even if you say the word 'sugar' a hundred times, it is not going to taste sweet in your mouth." The website http://www.shadowstats.com/ is not trying to sugar coat our statistics.
Friday, November 6, 2009
Putting Things in Perspective
Then on Tuesday morning of this week we found out that my son's classmate and a friend had committed suicide the night before at his own house. Just a few hours prior to that my son invited him to hang out on his school bus before the driver got in. They talked and joked around, and the boy asked him how it would make my son feel feel if he (this boy) killed himself. My son thought this was a purely theoretical questions, and told him that it would put him through such incredible pain that he doesn't even want to think about it. Later than night he send an IM via Facebook to one of the girls in class, and a SMS message to another one saying that he is going to go shoot himself. One thought this was a stupid joke, and the other one did not even check the message till next morning. By then the boy had long been dead of a gun shot wound to his head.
For us this was two hits and two misses in the last 7 days. It was a lot worse for the parents of that boy. I can only repeat my advice to all of the parents to talk to their children and to maintain as close connection to them as possible. And also to quote Nabokov (from memory, so it may sound a bit different verbatim): "Spoil your children, ladies and gentlemen. Who knows what they will have to experience in the future."