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DR FRASIER KRANG
Feb 4, 2005

"Are you forgetting that just this afternoon I was punched in the face by a turtle now dead?
The prices in WA are higher than the state run stores but now you can get liquor in a ton of places at later hours. It was annoying before having to make sure you scheduled your trip so you didn’t end up missing the operational hours of the store near you.

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PT6A
Jan 5, 2006

Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane
I'm conflicted about regulations on hours of service. On one hand, at any given time I have enough various kinds of booze in my apartment to kill myself via alcohol poisoning ten times over, so I'd only need to go to a liquor store to get something specific that I happen to be lacking, and I might want to pick up beer or wine while doing an early morning grocery shopping. On the other hand, there are people that queue at the liquor store door every day at 10AM because they need booze, and they lack the ability to possess any amount of booze without consuming it, so the eight hours they are legally unable to buy booze is one of the only things stopping them from simply drinking constantly.

Although you could also make the point that, by the time you're queueing for liquor at 10AM on a regular basis, you probably have a problem that simple regulations aren't ever going to fix.

ReidRansom
Oct 25, 2004


PT6A posted:

This can happen whether the government has a monopoly on retail sale of alcohol or not, and besides, the biggest advantage I've seen from private liquor stores isn't making it easier or cheaper to get hosed up, it's high-end stores that focus on offering a wide selection of stuff that would be expensive under any tax regime.

The provincial liquor monopoly in BC still sells Bright's Pale Dry Select, Canada's favourite bumwine, but their selection of wines or spirits that a human being would actually enjoy drinking for the taste is poo poo compared to what we can find in Alberta.

Yeah I'm having a hard time imagining that anywhere with state-run places is going to have near the selection and variety you see at like a Spec's or Bevmo or the like.

PT6A
Jan 5, 2006

Public school teachers are callous dictators who won't lift a finger to stop children from peeing in my plane

ReidRansom posted:

Yeah I'm having a hard time imagining that anywhere with state-run places is going to have near the selection and variety you see at like a Spec's or Bevmo or the like.

Admittedly, some of them are very good for certain things, largely because they have huge buying power, but in general there are a few "blind spots" and there's nothing you can do about them, since it's government controlled.

Halloween Jack
Sep 12, 2003
I WILL CUT OFF BOTH OF MY ARMS BEFORE I VOTE FOR ANYONE THAT IS MORE POPULAR THAN BERNIE!!!!!
Virginia has a huge selection of whiskeys but it's a pain in the rear end to get a lot of mixers. For many liqueurs, your choices are either one name brand, or bottom shelf DeKuyper and the like. Sometimes the bottom shelf option is the only option. Once a year I find a reason to stop in Delaware en route to visiting my in-laws, so that I can get decent creme de cassis, creme de menthe, and the like. And without paying sales tax.

Crow Jane
Oct 18, 2012

nothin' wrong with a lady drinkin' alone in her room

Halloween Jack posted:

Virginia has a huge selection of whiskeys but it's a pain in the rear end to get a lot of mixers. For many liqueurs, your choices are either one name brand, or bottom shelf DeKuyper and the like. Sometimes the bottom shelf option is the only option. Once a year I find a reason to stop in Delaware en route to visiting my in-laws, so that I can get decent creme de cassis, creme de menthe, and the like. And without paying sales tax.

Maryland and DC both have independent liquor stores, surely they're a little closer to home?

Halloween Jack
Sep 12, 2003
I WILL CUT OFF BOTH OF MY ARMS BEFORE I VOTE FOR ANYONE THAT IS MORE POPULAR THAN BERNIE!!!!!
IME it's actually easier to stop in Delaware en route to the Philadelphia area than to try to get in and out of DC. And I can buy everything I want in one big box store, mostly for better prices than in VA, even before sales tax.

Crow Jane
Oct 18, 2012

nothin' wrong with a lady drinkin' alone in her room

Halloween Jack posted:

IME it's actually easier to stop in Delaware en route to the Philadelphia area than to try to get in and out of DC. And I can buy everything I want in one big box store, mostly for better prices than in VA, even before sales tax.

Ah, makes sense. gently caress DC traffic/parking.

Not sure how widely distributed they are, but since you're localish and into whiskey, my friend's distillery is about to launch their debut round of rye, the first produced in the city in fifty years, and I can't wait to try it. They also do gin, apple brandy and amaro, all of which are loving delicious.

/shameless plug

Stretch Marx
Apr 29, 2008

I'm ok with this.
Our liquor stores close at 10 pm here. Somehow society hasn't collapsed. Americans are weak.

Badger of Basra
Jul 26, 2007

Toys 'R Us as a symbol of the failure of private equity rather than the failure of retail generally:

https://twitter.com/ObsoleteDogma/status/974721070405160963

DR FRASIER KRANG
Feb 4, 2005

"Are you forgetting that just this afternoon I was punched in the face by a turtle now dead?

Stretch Marx posted:

Our liquor stores close at 10 pm here. Somehow society hasn't collapsed. Americans are weak.

Back when Washington state ran them, a lot of stores closed at like 7 or 8 and it was annoying to have to schedule time to go to a liquor store to get booze before a party.

It’s all moot and anecdotal at this point. I’m over 30 and I don’t bring a fifth of vodka to a party anymore.

Sundae
Dec 1, 2005

HEY NONG MAN posted:

It’s all moot and anecdotal at this point. I’m over 30 and I don’t bring a fifth of vodka to a party anymore.

And this is why nobody invites you anymore.

(But yeah, early closures suck, especially if you don't get home from work until 6-7PM in the first place.)

icantfindaname
Jul 1, 2008


Badger of Basra posted:

Toys 'R Us as a symbol of the failure of private equity rather than the failure of retail generally:

https://twitter.com/ObsoleteDogma/status/974721070405160963

Say hello to your 2020 Democratic nominee

https://www.baincapital.com/people/deval-patrick

Plinkey
Aug 4, 2004

by Fluffdaddy

Halloween Jack posted:

Virginia has a huge selection of whiskeys but it's a pain in the rear end to get a lot of mixers. For many liqueurs, your choices are either one name brand, or bottom shelf DeKuyper and the like. Sometimes the bottom shelf option is the only option. Once a year I find a reason to stop in Delaware en route to visiting my in-laws, so that I can get decent creme de cassis, creme de menthe, and the like. And without paying sales tax.

Almost every VA liquor store near me is next to a grocery store, or in the same strip mall. So park, get booze, put in car get mixers and beer/wine then walk next door and get a burrito.

Halloween Jack
Sep 12, 2003
I WILL CUT OFF BOTH OF MY ARMS BEFORE I VOTE FOR ANYONE THAT IS MORE POPULAR THAN BERNIE!!!!!
And not a goddamned one of them sells Lazzaroni amaretto.

Liquid Communism
Mar 9, 2004


Out here, everything hurts.




Speaking of utterly expected BS out of the Toys R Us failure:

quote:

BERGEN COUNTY, N.J. — The judge overseeing the Toys R Us bankruptcy case ruled Tuesday that the insolvent retailer can pay its 17 top executives $14 million in incentive bonuses.

Toys R Us, which is based in Wayne, N.J., agreed to trim its original $16 million bonus proposal by $2 million, and to make $5 million of the bonus payout contingent on the company creating a business plan that allows it to emerge from bankruptcy.

The company said the bonuses are necessary because they motivate executives to boost sales during the critical holiday shopping season.

Bankruptcy Judge Keith Phillips overruled objections by the U.S. Trustee's office, which serves as a public watchdog in bankruptcy cases, that executives at Toys R Us are already highly paid compared to other retail leaders, and that they also receive lavish perks, such as cars and drivers and private airplane trips.

https://www.usatoday.com/story/money/nation-now/2017/12/05/bankruptcy-judge-approves-14-m-toys-r-us-executive-bonus-payout/925447001/

Teriyaki Hairpiece
Dec 29, 2006

I'm nae the voice o' the darkened thistle, but th' darkened thistle cannae bear the sight o' our Bonnie Prince Bernie nae mair.

Halloween Jack posted:

IME it's actually easier to stop in Delaware en route to the Philadelphia area than to try to get in and out of DC. And I can buy everything I want in one big box store, mostly for better prices than in VA, even before sales tax.

I know which Total Wine you're going to, it's the one located 200 feet south of the PA border with the parking lot filled entirely with cars that have Pennsylvania license plates.

anonumos
Jul 14, 2005

Fuck it.

Of course! It all makes sense now.

Motronic
Nov 6, 2009
Probation
Can't post for 15 hours!

Teriyaki Hairpiece posted:

I know which Total Wine you're going to, it's the one located 200 feet south of the PA border with the parking lot filled entirely with cars that have Pennsylvania license plates.

Which is the same one I go to. And everyone else in SE PA.

I'll have to start looking for neckbeards.

suck my woke dick
Oct 10, 2012

:siren:I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!:siren:

Put this cum-loving slave on ignore immediately!

There should be a law that limits all bonuses to an intentionally insultingly low amount of like $2.50 if the company is in bankruptcy proceedings.

GrandpaPants
Feb 13, 2006


Free to roam the heavens in man's noble quest to investigate the weirdness of the universe!

suck my woke dick posted:

There should be a law that limits all bonuses to an intentionally insultingly low amount of like $2.50 if the company is in bankruptcy proceedings.

Whoa that sounds like a law that wouldn't benefit the rich. We don't take kindly to socialists around these here parts.

Nonsense
Jan 26, 2007

suck my woke dick posted:

There should be a law that limits all bonuses to an intentionally insultingly low amount of like $2.50 if the company is in bankruptcy proceedings.

Actually they should pay the effected employees salaries for a year.

Horseshoe theory
Mar 7, 2005

Nonsense posted:

Actually they should pay the effected employees salaries for a year.

Weird way to write "pay the effected employees all the funds and leave creditors and shareholders with bupkus".

anonumos
Jul 14, 2005

Fuck it.

Horseshoe theory posted:

Weird way to write "pay the effected employees all the funds and leave creditors and shareholders with bupkus".

They should do that too

Liquid Communism
Mar 9, 2004


Out here, everything hurts.




More importantly, leverged buyouts should be made illegal. Retroactively if possible, making the capital management firms responsible liable for all debt so incurred.

Their directors personally so.

Teriyaki Hairpiece
Dec 29, 2006

I'm nae the voice o' the darkened thistle, but th' darkened thistle cannae bear the sight o' our Bonnie Prince Bernie nae mair.

Motronic posted:

Which is the same one I go to. And everyone else in SE PA.

I'll have to start looking for neckbeards.

I keep expecting the PLCB to send a few mortar rounds over the border onto the place, it's got to keep an ungodly amount of dollars from going to the state just on its own.

mandatory lesbian
Dec 18, 2012

Liquid Communism posted:

More importantly, leverged buyouts should be made illegal. Retroactively if possible, making the capital management firms responsible liable for all debt so incurred.

Their directors personally so.

I have yet to see a reason they should ever happen cause they only seem to benefit the buyer and never the business, but maybe I misunderstand what their purpose is?

Zamujasa
Oct 27, 2010



Bread Liar

mandatory lesbian posted:

I have yet to see a reason they should ever happen cause they only seem to benefit the buyer and never the business, but maybe I misunderstand what their purpose is?

Nah, that's pretty much it.

fishmech
Jul 16, 2006

by VideoGames
Salad Prong

mandatory lesbian posted:

I have yet to see a reason they should ever happen cause they only seem to benefit the buyer and never the business, but maybe I misunderstand what their purpose is?

In theory they're to be used to finance something of worth between two merging companies, where one of them can provide the working capital through the loans and the other one provides the expertise to follow through on it.

In practice I don't believe it's ever happened.

FCKGW
May 21, 2006

There’s been a few leveraged buyouts that have worked out ok. Nabisco was the largest leveraged buyout in history and they’re still around. Safeway too. They’re good if you need a cash infusion to take a company public or to restructure debt to take a company private again. Dell went through a leveraged buyout to go private a few years ago and they’re in much better shape than they were before.

Lokar
Mar 10, 2006

FCKGW posted:

There’s been a few leveraged buyouts that have worked out ok. Nabisco was the largest leveraged buyout in history and they’re still around. Safeway too. They’re good if you need a cash infusion to take a company public or to restructure debt to take a company private again. Dell went through a leveraged buyout to go private a few years ago and they’re in much better shape than they were before.

What’s ironic about that is having a large cash balance on hand leaves a company vulnerable to leveraged buyouts as they can use the cash as collateral for the loan.

Apparently that’s why companies are doing a lot of stock buybacks now - dividends get taxed but they don’t want to just sit on large piles of cash.

ToxicSlurpee
Nov 5, 2003

-=SEND HELP=-


Pillbug

FCKGW posted:

There’s been a few leveraged buyouts that have worked out ok. Nabisco was the largest leveraged buyout in history and they’re still around. Safeway too. They’re good if you need a cash infusion to take a company public or to restructure debt to take a company private again. Dell went through a leveraged buyout to go private a few years ago and they’re in much better shape than they were before.

They're almost always predatory as gently caress. They also tend to be targeted at companies that are struggling somehow and are desperate to save themselves.

Tehdas
Dec 30, 2012

ToxicSlurpee posted:

They're almost always predatory as gently caress. They also tend to be targeted at companies that are struggling somehow and are desperate to save themselves.

The whole point of LBOs is that the PE firm is able to provide better management, so it doesn't make sense to buy a company that is going well (and we can infer, has good management).

mandatory lesbian posted:

I have yet to see a reason they should ever happen cause they only seem to benefit the buyer and never the business, but maybe I misunderstand what their purpose is?

What do you suggest? Ban the buying of companies?
LBOs are fine in theory, but they require a low interest rate environment, and the PE company to make the right changes to the company. The trend nowadays is towards expectations of higher inflation, and therefore higher interest rates, so alot of these deals are going to skewered on that factor alone.

JnnyThndrs
May 29, 2001

HERE ARE THE FUCKING TOWELS
Safeway’s service has gone absolutely to poo poo since Cerberus bought them.

Vegetable
Oct 22, 2010

JnnyThndrs posted:

Safeway’s service has gone absolutely to poo poo since Cerberus bought them.
That's just good business sense

Solkanar512
Dec 28, 2006

by the sex ghost

Tehdas posted:

The whole point of LBOs is that the PE firm is able to provide better management, so it doesn't make sense to buy a company that is going well (and we can infer, has good management).


What do you suggest? Ban the buying of companies?
LBOs are fine in theory, but they require a low interest rate environment, and the PE company to make the right changes to the company. The trend nowadays is towards expectations of higher inflation, and therefore higher interest rates, so alot of these deals are going to skewered on that factor alone.

Or you could, I dunno, force companies to bring their own collateral instead of using collateral they don’t even own yet?

90s Rememberer
Nov 30, 2017

by R. Guyovich

Tehdas posted:

The whole point of LBOs is that the PE firm is able to provide better management

oh my sweet summer child

OhFunny
Jun 26, 2013

EXTREMELY PISSED AT THE DNC
https://twitter.com/USATODAY/status/975711014896504835?s=19

As expected. Claire's Stores has filed for bankruptcy.

super nailgun
Jan 1, 2014


fishmech posted:

Remember how all the idiots in Washington State voted to abolish their state liquor monopoly in 2012 and the prices are now higher by quite a bit more than inflation alone?

Yeah. The only good outcome from that is that it got the people who want to deregulate in Oregon to shut the gently caress up since they are so plainly wrong. State run liquor distro is great for the state and drinkers both. Lots of cash in state coffers, lower prices, and there's actually interesting booze on the shelves and we have a vibrant craft distillery scene thanks to preferential stocking and display of smaller shops' stuff.

super nailgun fucked around with this message at 17:26 on Mar 19, 2018

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Professor Beetus
Apr 12, 2007

They can fight us
But they'll never Beetus

super nailgun posted:

Yeah. The only good outcome from that is that it got the people who want to deregulate in Oregon to shut the gently caress up since they are so plainly wrong. State run liquor distro is great for the state and drinkers both. Lots of cash in state coffers, lower prices, and there's actually interesting booze on the shelves and we have a vibrant craft distillery scene thanks to preferential stocking and display of smaller shops' stuff.

As much as I loved the state liquor stores, I'm afraid most of the people who voted for deregulation don't care about any of that poo poo because now they can buy giant bottles of booze at Costco.

And somehow the invisible hand of the market didn't magically make booze any cheaper with all the healthy competition that was brought in. :thunk:

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