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It's a long bow but how does this affect Turnbulls sky high poll numbers?
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Jan 3, 2016 23:00
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| # ¿ May 12, 2024 11:12 |
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Troubled electronics retailer Dick Smith has placed its shares in a trading halt ahead of an expected announcement about its debt financing. The company expects to make an announcement about its funding position and debt financing covenants by Wednesday. Dick Smith shares have plunged in recent months after it issued two profit warnings following disappointing sales in October and November.
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Jan 4, 2016 01:46
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DSE is basically hosed unless the old man himself buys it back.
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Jan 4, 2016 02:08
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We're basically weeks away from JB HiFi and Harvey Norman being the only big consumer electronics retailers left? I mean Brisbane only has Todd's HiFi and the occasional mom and pop computer shack. WoW sight and sound disappeared off the face of the earth.
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Jan 4, 2016 02:13
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Tandy and DSE are owned by the same group. If DSE goes down, so does Tandy. "Tandy stores have been converted to Dick Smith stores and the tandy.com.au website has been closed down ending the Tandy era in Australia. Some 'Tandy' branded products are still sold in Dick Smith stores, however."
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Jan 4, 2016 02:43
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I just copied it from the Fairfax article.
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Jan 4, 2016 02:53
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Solemn Sloth posted:Good Guys do electronics as well as whitegoods. I guess but from my vision (brisbane, grain of salt) they're a medium sized retailer. Don't nearly have the same amount of stores like JB or Harvey Norman. Though Harvey Norman seems to be scaling back its electronics department a bit. There's also Jaycar I guess but they are more for tradies and such.
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Jan 4, 2016 02:58
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Retravision was another one that hosed up massively too. Australia just seems to naturally drift towards a mono/duopoly because the competition always fucks up on management level and the consumer naturally drifts towards the lower prices which is towards the establishment.
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Jan 4, 2016 03:11
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Pred1ct posted:DSE didn't know where it was in the market anymore. They used to be an electronics/hobby store but Jaycar has that market now. They tried to move towards consumer electronics but JB was already established by then and undercutting everyone on price. They wanted to be both because they were merged with Tandy stores so you had fragmentation on a store to store basis where some stores would be consumer electronics and others would be cable and connection suppliers. They were designed to be hosed.
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Jan 4, 2016 03:15
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*dips hand in Dick Smith peanut butter and sucks on fingers* Take it from me kid, 77c a share is a bargin! They'll bounce back kid, they'll bounce back.
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Jan 4, 2016 03:29
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Whose about to lay off casual workers? Dick does.
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Jan 4, 2016 04:24
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My brother keeps on telling me to invest in BHP shares because it'll secure my future.
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Jan 4, 2016 05:12
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Well he hasn't mentioned it in a few months. Maybe due to November lol. I was thinking of playing around and buying a small amount of iinet shares but they got bought up by TPG last I heard.
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Jan 4, 2016 05:28
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Yeah, I sure love defunct electrical goods. haha...
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Jan 4, 2016 05:40
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Ebay is pretty good for cables and such these days but for larger goods such as TVs, Apple/Roku/Android app boxes and sound setups. Going in person is best to check for quality. Buying in person is another story as trying it in a store and buying it online is the smart thing to do.
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Jan 4, 2016 05:44
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There is nothing wrong with going out and seeking your own impressions.
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Jan 4, 2016 05:50
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Never dog your mates
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Jan 4, 2016 07:04
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If you get involved in online debates about economic history, it won't be long before someone tells you that the West is rich because it stole the resources of the regions it colonized. This stolen-wealth theory is cited as the reason Britain and France are rich today, while Ethiopia and Burundi are poor. It also is sometimes used to argue that global capitalism is inherently unjust and that wealth must be radically redistributed between nations as compensation. The problem is, the stolen-wealth theory is wrong. Oh, it's absolutely true that colonial powers stole natural resources from the lands they conquered. No one disputes that. And at the time, this definitely made the colonized regions a lot poorer. Britain, for example, caused repeated famines in India by raising taxes on farmers and by encouraging the cultivation of cash crops instead of subsistence crops. That is a pretty stark example of destructive resource extraction. It's also probably true that this stolen wealth helped much of the West get rich. Of course, Western countries didn't simply consume the resources they plundered -- the global economy isn't just a lump of wealth that gets divvied up, but rather relies on the productive efforts of individuals, companies and governments. The U.K., for example, was able to industrialize not by consuming spices confiscated from India, but because its citizens invented power looms and steam engines and other technologies, and because its people worked very hard at factories and plants that used those technologies. But steam engines and power looms and other industrial machinery required raw materials like coal and rubber as inputs. When those materials became less expensive, it became cheaper to substitute machines for human labor. That means that some of the resources stolen from colonies probably did give Britain and France part of the boost they needed to jump-start the industrialization that eventually made them wealthy. So if the West did steal resources from colonized nations, and if this theft did help them get rich, why do I say that the stolen-wealth theory is wrong? I say that because the theory doesn't explain the global distribution of income today. It is no longer a significant reason why rich countries are rich and poor countries are poor. The easiest way to see this is to observe all the rich countries that never had the chance to plunder colonies. Germany, Italy, Sweden, Denmark and Japan had colonial empires for only the very briefest of moments, and their greatest eras of development came before and after those colonial episodes. Switzerland, Finland, and Austria never had colonies. And South Korea, Taiwan, Singapore and Hong Kong were themselves colonies of other powers. Yet today they are very rich. They did it not by theft, but by working hard, being creative, and having good institutions. Meanwhile, poor countries have long since taken control of their natural resources. State-controlled oil companies in countries such as Saudi Arabia, Venezuela, Iran and Russia own far more of the world's oil than do giant Western corporations like Exxon or BP. African countries control their own mines, and Latin American countries their own crop land. The era of resource theft by rich countries is over and done. Yet still, somehow, these countries are not very rich. Only a small handful of tiny nations whose economies are based on natural resources -- Brunei, Kuwait and Qatar among others -- are actually rich. Most are poor, despite controlling all of their own wealth. This sad fact is known as the resource curse. So it's unlikely that resource-rich countries would have become industrialized but for the depredations of colonialism. And it seems quite possible that colonial nations such as France and the U.K. would have gotten rich without their resource plunder, as did Germany, South Korea, Switzerland and Taiwan. Does that mean colonialism was a benign institution? Definitely not. At a bare minimum, the tens of millions killed by colonial conquests and famines leave an indelible stain on the West. And while colonialism had benefits in some places, in many others it left a nasty legacy that is felt to this day. Many economic studies show that regions where colonizers focused on extracting resources were later cursed with pernicious political institutions. Those regions, even today, exhibit poor economic performance. So colonializing nations did steal resources, and it did hurt colonies by doing it. But the real tragedy is how unnecessary that all was. Britain and France would have gotten rich without plundering Africa, India and Southeast Asia. All of that violence and conquest was probably for nothing.
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Jan 4, 2016 07:50
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Most retail stores don't price match with online, except officeworks.
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Jan 4, 2016 10:47
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It's true. I use a blender. My girlfriend swears by A2 milk though which is a shame because A2 is a marketing gimmick.
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Jan 4, 2016 10:50
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Bartering culture is non existent in Australia
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Jan 4, 2016 11:21
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*goes to the manager and demands $1 milk* *gets arrested by security for disturbing the peace*
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Jan 4, 2016 11:29
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ACA supports reserving breeding for the rich and powerful and letting the poorer humans die out.
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Jan 4, 2016 11:33
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asio posted:*goes home and gets milk from the internet* aussiefarmers.com.au/Default.asp
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Jan 4, 2016 11:58
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Save us eBay
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Jan 4, 2016 12:07
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Lol Dick Smith is beyond hosed, I hope all those teenage workers are watching the news and looking for new jobs or else they'll get a nasty surprise when the cull comes for them
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Jan 4, 2016 13:04
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Lmao. MRA government.
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Jan 5, 2016 04:43
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Dutton calls women who oppose him witches and he keeps his job.
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Jan 5, 2016 04:43
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ADSL only?
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Jan 5, 2016 09:13
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New Zealand
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Jan 5, 2016 09:32
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*harrasses women and calls them witches* "Woah guys let's not set politically correct standards."
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Jan 5, 2016 09:36
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Optus cable is better than Fraudband
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Jan 5, 2016 10:59
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The supply chain is so cost cutting that it is literally causing farmers to buy overseas and grow nothing themselves 
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Jan 6, 2016 04:59
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Smells like corruption. I wonder how much of our fruit and veg is secretly frozen goop
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Jan 6, 2016 05:14
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Jesus Christ This thread is brutal.
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Jan 7, 2016 02:00
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It's always a nice day in Brisbane
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Jan 7, 2016 02:03
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Also. Lol you are jealous of our superior Queensland genes. *thumps chest and drinks four x*
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Jan 7, 2016 02:05
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I await the shitstorm when Richard goes pro-nuclear.
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Jan 7, 2016 02:19
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Solar isn't the solution. The free market will just keep slapping charge after tarrif after access fee until it becomes a similar cash cow. We are all doomed because capitalists never want to lose profit therefore they will make renewables just as expensive just to emulate previous cash cows and gently caress you. Energex in Queensland is pulling this shot and now electric companies charge you for having panels.
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Jan 7, 2016 14:47
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| # ¿ May 12, 2024 11:12 |
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Being above the law sounds fun.
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Jan 8, 2016 00:44
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