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Lucasar posted:Nothing of value to add but I enormously enjoyed that there is a sitting congressperson named "Marianette." Gerry Anderson's US Congress in SuperMarianation
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Oct 19, 2023 01:23
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Following their bankruptcy announcement last week, Rite-Aid has announced that they will be closing 150 store locations (about 7% of all their stores) and may announce additional closures later this year. This is on top of the 10% of stores they closed earlier this year - which totals to roughly 16% of total Rite-Aid locations closing this year. The closures are in 15 different states, but the vast majority of the stores that are being closed are in California, New York, and Pennsylvania. They also replaced their CEO and most of their board. They say that their goal with the bankruptcy procedures is to attempt to navigate the lawsuits and declining profits (primarily from other pharmacy chains and Wal-Mart stealing their business) in an attempt to get a smaller version of the company on solid financial footing. If that fails, then they will likely look for a buyer to bail them out. The most obvious candidate (Wal-Greens) might have issues attempting to buy them out because there were previous anti-trust issues when they tried to merge before. If they can't find a buyer, then they will likely liquidate the company to pay their debts/lawsuits by selling individual stores and assets to various buyers. quote:Rite Aid closing 154 stores in 15 states https://www.foxbusiness.com/economy/rite-aid-closing-154-stores-15-states-list
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Oct 19, 2023 15:37
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Jordan throwing in the towel for now. The new plan is pushing for Patrick McHenry to be named interim Speaker until January where they can try voting for a permanent Speaker again. https://twitter.com/JakeSherman/status/1715021061463367762
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Oct 19, 2023 16:10
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It's very on brand for Jordan to believe that just not looking at the problem for two months will fix it.
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Oct 19, 2023 16:13
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Leon Trotsky 2012 posted:Jordan throwing in the towel for now. Why not just make him the actual speaker then?
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Oct 19, 2023 16:13
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So what happens now? The House just shuts down for two and a half months?
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Oct 19, 2023 16:14
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Randalor posted:So what happens now? The House just shuts down for two and a half months? Now they hold a vote to see if a majority is willing to confirm McHenry as the permanent acting Speaker. If they do, then based on what was said earlier ITT, the House mostly returns to normal, unless there's a need to invoke the line of succession If McHenry can't get a majority, the clown show continues
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Oct 19, 2023 16:17
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lol that the 'compromise' to get things running again is an even weaker speaker than McCarthy. Randalor posted:So what happens now? The House just shuts down for two and a half months?
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Oct 19, 2023 16:21
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*shrug* What was a Republican speaker going to accomplish anyway? Order up more not-impeachments for Fox sound bites, then furiously poo poo their pants at everyone else and refuse to pass legislation? Only loss from what I see is not having the Republicans clown car-ing around honking at each other in rage for all the world to see them as the bumbling incompetents and proto-fascists they are.
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Oct 19, 2023 16:27
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bird food bathtub posted:*shrug* What was a Republican speaker going to accomplish anyway? Order up more not-impeachments for Fox sound bites, then furiously poo poo their pants at everyone else and refuse to pass legislation? Only loss from what I see is not having the Republicans clown car-ing around honking at each other in rage for all the world to see them as the bumbling incompetents and proto-fascists they are. The actual big thing is keeping the CRs going so the government doesn’t shut down. The crazies also want to keep impeachment stuff going.
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Oct 19, 2023 16:33
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Randalor posted:So what happens now? The House just shuts down for two and a half months? No, it should operate "normally" with a temporary Speaker. Most likely, they will start back up committee work (i.e. impeachment hearings) and then have to figure out what to do with the budget in a month. They will probably have each of the House committees put out their own spending bills for their respective areas, put them together into a budget resolution, try to find a way to agree on that budget resolution, and then use that as a starting point to negotiate with the Senate and White House. McCarthy's deal is dead and nobody has any incentive to follow it, so the potential outcomes are: 1) Go with some form of the Senate compromise budget (no nominal cuts, but effective cuts by capping spending growth so it grows slower than inflation with higher caps than McCarthy's deal + more defense spending). 2) Just pass more continuing resolutions funding the government at current levels for X days. 3) House passes the HFC budget with cuts deeper than McCarthy's deal (i.e. actual substantive nominal cuts to domestic spending) and immigration changes. Some compromise bill is worked out that is worse than McCarthy's original deal to prevent a shutdown. 4) House passes the HFC budget with cuts deeper than McCarthy's deal (i.e. actual substantive nominal cuts to domestic spending) and immigration changes. The Senate rejects it, no compromise bill is reached that can pass the House, and the government shuts down the week before Thanksgiving.
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Oct 19, 2023 16:34
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Finally, Hunter Biden will face justice for his crimes.
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Oct 19, 2023 16:35
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Kalli posted:Finally, Hunter Biden will face justice for his crimes. Crime of what? Unleashing a 30-50cm feral hog upon the world?
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Oct 19, 2023 16:39
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Icon Of Sin posted:Crime of what? Unleashing a 30-50cm feral hog upon the world?
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Oct 19, 2023 16:44
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Icon Of Sin posted:Crime of what? Unleashing a 30-50cm feral hog upon the world? Actual crimes? Lying on a federal firearm form by checking the box that says "I affirm that I have not used or am addicted to illegal drugs" on the federal background check form when he bought a handgun in 2018. Claimed crimes by House Republicans? Running an international influence ring on behalf of Joe Biden (including using his control over the Department of Justice during the Trump Presidency to target his enemies and protect himself) to sell out America to China, Russia, and Russian-aligned Oligarchs in Kazakhstan.
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Oct 19, 2023 16:45
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https://twitter.com/bresreports/status/1715030474635071841 It seems highly unlikely that many Ds will support this without at least some concessions, I would expect that the chaos will go on for at least a little while longer
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Oct 19, 2023 16:45
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Jeffries was just asked about the potential acting Speaker vote on CNN. - Said he hasn't spoken to anyone about it on the Republican side. - Will speak to the Dem caucus to gauge support. - Needs to hammer out details, but his two red lines are: 1) It has to be someone who did not claim the 2020 election was stolen. 2) They have to commit to passing a budget that has the same level or higher domestic spending totals as the McCarthy debt ceiling deal. He has other asks, but says those two are the only non-negotiable requirements to get official support from the Dem caucus. He wants to pitch a "grand bargain" budget with increased domestic spending, increased defense spending, aid to Israel, aid to Ukraine, money for processing and housing asylum seekers on the border, more immigration judges, and more money for disaster aid in the U.S. for Hawaii and places impacted by recent floods that funds the government until after the 2024 elections. Leon Trotsky 2012 fucked around with this message at 17:06 on Oct 19, 2023 |
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Oct 19, 2023 16:55
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Leon Trotsky 2012 posted:Actual crimes? That charge got dismissed. https://apnews.com/article/hunter-biden-gun-charge-dismiss-prosecutor-indictment-e175a915f76f5ef4f14783be4afc93a6#:~:text=WASHINGTON%20
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Oct 19, 2023 16:56
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Barrel Cactaur posted:That charge got dismissed. That is the gun possession charge. Those were two separate gun charges, but only one got dropped. One was possessing a gun while being a prohibited person (drug user) that was dropped. The other is lying on a federal firearm form for checking the box claiming he had never used drugs or been addicted to drugs when buying the gun. That one is still being prosecuted and he has been indicted for it.
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Oct 19, 2023 17:00
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Leon Trotsky 2012 posted:Jeffries was just asked about the potential acting Speaker vote on CNN. These two seem like way bigger asks than they look like on paper. And tailored to pull only the "moderate" Republicans while alienating the lunatics right from the start.
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Oct 19, 2023 17:05
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Leon Trotsky 2012 posted:Jeffries was just asked about the potential acting Speaker vote on CNN. The “bargain” looks to be full of non-starters for the GOP but good luck to him.
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Oct 19, 2023 17:09
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Fork of Unknown Origins posted:The “bargain” looks to be full of non-starters for the GOP but good luck to him. Yeah, his "grand bargain" idea isn't going anywhere as is. It's almost certainly just his negotiating wishlist. Several House Republicans do want more defense spending than the McCarthy deal, more money for the border (but, they don't want it for immigration judges and processing), aid to Israel, aid to Ukraine (some of them), and the NY Republican delegation has been asking for more federal support for the recent floods. There's definitely some things there that some Republicans want, but the increased domestic spending, immigration stuff, and Ukraine are probably enough to kill it before it even starts. I think this temporary speaker situation suffers from the same thing as the previous attempts at a "bipartisan Speaker" earlier - no Republican is going to negotiate a deal that involves giving anything to the Democrats. They will either come together and get it over the hump with Republican votes only or the vote will collapse just like every Speaker vote has for the last two weeks.
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Oct 19, 2023 17:15
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Also he has a decent shot of getting the case dismissed, as the Supreme Court has made prohibitions against owning a gun so hosed right now. The Supreme Court made basically all prohibitions of owning a gun that wasn't around during the 1790s unconsitutional, and this term there is a case where someone who had domestic violence charges against him prohibiting him from owning a gun saying that law was unconstituional. So that *may* be walked back a little, but "owning a gun because addicted to drugs" might still fly.
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Oct 19, 2023 17:19
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Twincityhacker posted:Also he has a decent shot of getting the case dismissed, as the Supreme Court has made prohibitions against owning a gun so hosed right now.
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Oct 19, 2023 17:24
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Twincityhacker posted:Also he has a decent shot of getting the case dismissed, as the Supreme Court has made prohibitions against owning a gun so hosed right now. Yeah the question at this point isn’t “can they deny a gun permit based on this question,” it’s “even though this question can’t legally be used to deny a gun permit is it still a crime to lie about it on a federal form.” Feds have a tough row to hoe on that one.
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Oct 19, 2023 17:26
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I wonder if the Dems will gently caress with this a bit more by voting against McHenry. The more House chaos in the short term the better for them.
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Oct 19, 2023 17:59
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I seems all but certain that they'll vote against McHenry. Why wouldn't they? Especially if he's actually doing worse than Jordan among the Republicans. The only way the Democrats are giving any votes to someone other than Jeffries right now is if some sort of deal is made.
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Oct 19, 2023 18:02
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Democrats have no incentive to rescue Republicans. They're in the find out phase of courting political extremists and it's destroyed the ambitions of three leading legislators in the past month.
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Oct 19, 2023 18:10
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Leon Trotsky 2012 posted:Following their bankruptcy announcement last week, Rite-Aid has announced that they will be closing 150 store locations (about 7% of all their stores) and may announce additional closures later this year. This is on top of the 10% of stores they closed earlier this year - which totals to roughly 16% of total Rite-Aid locations closing this year. Gonna piggyback off this, as the issue of retail theft has been bothering me for some time. Something i saw a little while ago: https://twitter.com/SwannMarcus89/status/1709290824377250028 Shrink as a % of net sales for Lowes has almost doubled since 2013. I see a lot of stupid posts on places like reddit and other forums (sometimes this one) about how retail theft is no big deal. It actually is a huge deal, especially when it comes to retail theft for basic necessities (i.e. groceries). People don't seem to understand how small profit margins are. For example, net profit margins for grocery stores are about 1-3%. If you take a grocery store with 2% margin, every time $1 is stolen, you need $50 of sales to cover that theft. I'm sure some people here have seen meat being locked up at their grocery store recently if they live in a high crime area... So if someone steals like $500 worth of meat, the store will need to make $25,000 in sales to cover that theft. Imagine having that happen multiple times a day at any given store. So now you have a situation in high theft cities like Chicago, SF, DC, etc. where grocery stores are closing (or threatening to close) due to having these thefts put these particular stores in the red, and underserved communities are suffering as a result. These chains have really efficient supply chains that mom and pop bodegas can't match and give their communities far more affordable food than would otherwise be available. And of course jobs are lost when these grocery chains close. And no, insurance usually doesn't cover this, and even if it did, insurance companies aren't unlimited wells of money and your premiums would skyrocket if they did. Mister Fister fucked around with this message at 18:16 on Oct 19, 2023 |
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Oct 19, 2023 18:11
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Mister Fister posted:if someone steals like $500 worth of meat, the store will need to make $25,000 in sales to cover that theft.  I'm no math expert but this is absurd.
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Oct 19, 2023 18:19
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Mister Fister posted:Gonna piggyback off this, as the issue of retail theft has been bothering me for some time. Something i saw a little while ago: I think your overall point is probably valid and using arrest figures to estimate shoplifting costs is an iffy metric that undercounts the actual cost to the business. The fact that the costs for theft doubled for Lowe's in the last 10 years means it is likely the case that it applies to other stores as well, but is there more data on that to prove the theory? The tweet link just looks at Lowe's specifically. It strongly suggests that is the case for other stores, but doesn't actually prove that.
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Oct 19, 2023 18:21
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Heck Yes! Loam! posted:
$25,000 * 2% = $500 (the other $24,500 would cover cost of goods sold + overhead like SG&A).
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Oct 19, 2023 18:21
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I'm supposed to imagine a store having 25k of meat stolen multiple times a day?
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Oct 19, 2023 18:21
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FizFashizzle posted:I'm supposed to imagine a store having 25k of meat stolen multiple times a day? $500 of meat is stolen, you need to sell $25,000 worth of goods to cover the loss.
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Oct 19, 2023 18:22
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I'm not buying that napkin math; profit margins aren't a set-in-stone attribute that you can then do arithmetic at using the MSRP of a product. An individual item that is lost is not guaranteed to be sold at the price point, for one- Halloween Candy prices at October 30th is not the price on Nov 1st.
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Oct 19, 2023 18:23
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The shoplifting epidemic is exaggerated and shrink can be because of other causes and is not necessarily an indicator of rising shoplifting. https://www.cnn.com/2023/01/18/business/retail-shoplifting-shrink-walgreens/index.html
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Oct 19, 2023 18:23
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Mister Fister posted:$500 of meat is stolen, you need to sell $25,000 worth of goods to cover the loss. No they need to cover the cost of the meat You're baking in expected profit from the meat, and saying they have to sell 25K to make up those lost profits, but that's absolutely absurd. The only actual loss to the company is the cost of the meat.
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Oct 19, 2023 18:25
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I will add the the plight of the poor mega-corps and their shrinking bottom line to the list of issues to get up in arms at. Looking at the priority list, it's right above fixing all the potholes I drove over last year when visiting the other side of the country.
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Oct 19, 2023 18:27
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Gerund posted:I'm not buying that napkin math; profit margins aren't a set-in-stone attribute that you can then do arithmetic at using the MSRP of a product. An individual item that is lost is not guaranteed to be sold at the price point, for one- Halloween Candy prices at October 30th is not the price on Nov 1st. The 1-3% profit margin is average for all goods sold. Obviously, some goods have higher margins and some goods have lower ones. The margin on any particular good is not really something that's relevant. Pretend i didn't say 'meat', and just said 'random goods'. Gumball Gumption posted:The shoplifting epidemic is exaggerated and shrink can be because of other causes and is not necessarily an indicator of rising shoplifting. It's localized. In my city, which is a very low crime city, nothing is locked up at my CVS or supermarket. Because they don't expect much theft. In places like DC, Oakland, SF? Do you think chains would want to close if they didn't have to?
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Oct 19, 2023 18:27
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Mister Fister posted:$500 of meat is stolen, you need to sell $25,000 worth of goods to cover the loss. okay average national cost of 100% ground beef (for example) is 4.80/pound, per quick google search. So multiple times a day people are coming in to grocery stores and stealing 100 lbs of beef from the display shelf? Is this actually an advertisement for a photoshop friday thread or something?
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Oct 19, 2023 18:28
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