This year’s Farm Bill calls for spending of $955 billion over 10 years and is 1,150 pages long.
And yes, some of that nearly $1 trillion does go to programs that help farmers. But not much of it.
Nearly 80% goes to fund the food stamp program, otherwise known by the more politically correct name of “Supplemental Nutrition Assistance Program” (SNAP) it was given in 2008.
Yet what’s most appalling about Farm Bill [...]
Little noticed during last weekend’s milestone summit between Barack Obama and Xi Jinping was another landmark event: China’s currency hit a record high, reaching almost 6 yuan to the dollar.
In recent years, one of the few things Republicans and Democrats could agree upon was that an artificially cheap yuan damaged U.S. exports and stole U.S. jobs. The currency’s climb thus seemed like a nod from China’s president to America’s, a quiet signal that [...]
(Reuters) - Wal-Mart Stores Inc is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services…
Wal-Mart’s Slowness to Stock Shelves Worsens, Sales Slump
By Renee Dudley
Wal-Mart Stores Inc (WMT), already struggling to woo shoppers constrained by higher taxes, is “getting worse” at keeping shelves stocked, the retailer’s U.S. chief told executives, according to minutes of an officers’ meeting obtained by Bloomberg News.
“We run out quickly and the new stuff doesn’t come in,” U.S. Chief Executive Officer Bill Simon said, according to the minutes of the Feb. [...]
by Phoenix Capital Research
In the second half of 2012, the media, Federal Reserve, and various Governmental economic bean counters engaged in what we call Great Global Rigging of 2012 in an effort to make the US economy look better to help the Obama campaign re-election bid.
Now that the election is over, the ugly economic realities have begun to creep out from where they were swept under the rug. And while [...]
NEW YORK — Wal-Mart Stores Inc., the world’s largest retailer and the nation’s largest private employer, is making a pledge to hire every recently discharged veteran who wants a job.
The plan is set to be announced as part of an address delivered in New York on Tuesday at the annual retail industry convention by Bill Simon, president and CEO of Wal-Mart’s namesake U.S. business.
(Excerpt) Read more at king5.com …
With President Barack Obama endorsing sweeping gun restrictions in the wake of the school shootings in Newtown, Connecticut, prices for handgun magazines are surging on EBay (EBAY) and semi-automatic rifles are sold out at many Wal-Mart Stores Inc. (WMT) locations.
Wal-Mart, the world’s largest retailer, said yesterday that it would continue to sell guns, including rifles like the one used at Newtown, where 26 people, most of them children, were killed [...]
William Beach loved cantaloupe — so much so that starting in June last year he ate it almost every day. By August, the 87-year-old retired tractor mechanic from Mustang,Oklahoma, was complaining to his family that he was fatigued, with pain everywhere in his body.
On Sept. 1, 2011, Beach got out of bed in the middle of the night, put his clothes on and walked into the living room. His wife, [...]
Just wanted to make sure you saw this latest story on the latest hidden billionaire on the Bloomberg Billionaires index: she’s the fourth-richest woman in the U.S., but has never appeared on an international wealth ranking.
Contested Koch Stake Outs Fourth-Richest American Woman Marshall
By David de Jong
Elaine Tettemer Marshall, the fourth-richest woman in the U.S., has avoided the spotlight though her estate has been at the center of two U.S. Supreme [...]
September 10, 2012
We’ve all seen the tweets about the checkout lines at Wal-mart: “Walmart usually uses 4 checkouts. Unless it’s really busy then they use 1.” Inevitably, you always end up in the slowest line, behind the woman who waits until her groceries are all rung up before she starts digging in her handbag for her fossilized checkbook. Are you thinking there ought to be an app for that? [...]
From Dividend Mantra:
… The DJIA is up over 1,000 points over just the last two months. At the beginning of June, the Dow Jones was sitting just above 12,000. As of this past Friday, the DJIA closed at 13,208. That’s quite a climb, and if you missed the occasional dip due to eurozone concerns or stories of slowing growth you now find yourself in the precarious position of sitting on some [...]
July 31, 2012
The U.S. Postal Service affirmed it won’t make a required $5.5 billion payment due tomorrow to the U.S. Treasury for future retirees’ health care, an obligation the agency said must end for it to become financially viable.
The service has said for months it couldn’t afford the payment, which was initially due last September, nor a $5.6 billion payment required by Sept. 30 for this year. Postal [...]
Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas, according to a Wall Street Journal analysis.
Those companies, which include Wal-Mart Stores Inc., International Paper Co., Honeywell International Inc. and United Parcel Service Inc., boosted their employment at home by 3.1%, or 113,000 jobs, between 2009 and 2011, the same rate of increase [...]
Stocks seeing unusually high volume during today’s session
1 (BAC) Bank of America Corporation 216014306
2 (MSFT) Microsoft Corporation 44413898
3 (S) Sprint Nextel Corp. 34500186
4 © Citigroup, Inc. 32370054
5 (GE) General Electric Company 32137620
6 (WMT) Wal-Mart Stores Inc. 29882394
7 (AAPL) Apple Inc. 29499300
8 (MU) Micron Technology Inc. 29096380
9 (INTC) Intel Corporation 28763576
10 (CHK) Chesapeake Energy Corporation 27245668
“They” are selling..but “we” are buying.
Remain calm…our robots are better than their robots.
All is well…just [...]
Wal-Mart Stores Inc. hushed up a vast bribery campaign that top executives of its Mexican subsidiary carried out to build stores across that country, according to a published report.
The New York Times reported Saturday that Wal-Mart failed to notify law enforcement officials even after its own investigators found evidence of millions of dollars in bribes. The newspaper said the company shut down its internal probe despite a report by its lead [...]
CARTAGENA, Colombia (AP) — Declaring that a new environment for cooperation exists in the Americas, President Barack Obama sought to convince U.S. business Saturday that he’s serious about expanding trade in Latin America while persuading the region to look northward once again.
Obama dismissed some of the tensions in the region as remnants of the past. He said the discussions and press accounts sometimes make him feel like he is in [...]
By ROBBIE WHELAN
Keith Mullin’s start-up snack-food company, Gamer Grub, needs cash to become a player.
The San Diego company, which makes bags of high-energy snack food for videogame fanatics, recently struck a promotional partnership to sell its product at stores across the U.S. as part of the launch of “Call of Duty: Modern Warfare 3,” the country’s top-selling videogame. While more than 3,000 stores have agreed to sell the snacks, Mr. Mullin [...]
‘Black Friday’ comes early for some retailers (Reuters)
LOS ANGELES — The holiday shopping season starts in earnest on Thursday, with retailers anxious to see if U.S. consumers are willing to spend despite an endless stream of scary headlines about the fragile economy and their own precarious finances.
However, in the eyes of retailers, the shopping period has been churning along for some time as retailers like Wal-Mart Stores Inc and Toys R [...]
By Andria Cheng, MarketWatch
NEW YORK — In what’s expected to be an intense fight for consumers’ wallets this holiday season, retailers including Wal-Mart Stores Inc. are opening their doors and releasing deals earlier than ever to get attention in the traditional kickoff to the holiday-shopping season.
For the first time, Wal-Mart [...]
(Reuters) – State governments would be able to collect online sales taxes under a bill due to be introduced in the Senate on Wednesday, said sources familiar with the bill.
Supporters of the online sales tax collection requirement include Wal-Mart Stores Inc, Target Corp and other “big box” retailers who argue they are at a disadvantage against online-only competitors.
A bipartisan group of up to seven senators will introduce the bill, which [...]
By Andria Cheng
NEW YORK (MarketWatch) — Wal-Mart Stores Inc.’s Walmart U.S. chain, the retailer’s WMT [...]
WASHINGTON – The Supreme Court has ruled for Wal-Mart in its fight to block a massive sex discrimination lawsuit on behalf of women who work there.
The court ruled unanimously Monday that the lawsuit against Wal-Mart Stores Inc. cannot proceed as a class action, reversing a decision by the 9th U.S. Circuit Court of Appeals in San Francisco. The lawsuit could have involved up to 1.6 [...]
Scotts Miracle-Gro Co. has long sold weed killer. Now, it’s hoping to help people grow killer weed.
In an unlikely move for the head of a major company, Scotts Chief Executive Jim Hagedorn said he is exploring targeting medical marijuana as well as other niches to help boost sales at his lawn and garden company.
“I want to target the pot market,” Mr. Hagedorn said in an interview. “There’s no good [...]
Violent video games, climate change and a million Wal-Mart Stores Inc. (WMT) employees will preoccupy the U.S. Supreme Court in the homestretch of its nine-month term.
The justices will issue 31 rulings over the next four weeks, beginning today when they take the bench at 10 a.m. in Washington. The June flurry has become a tradition at a court where the combination of summer plans and calendar realities can leave the [...]
U.S. corn farmers are running out of time to plant this year’s crop after wet weather swamped fields from North Dakota to Ohio, signaling higher costs for livestock and ethanol producers as growers switch to soybeans.
About one-fifth of the corn crop had yet to be sown as of May 22 in the U.S., the world’s top producer and exporter, government data show. In Ohio, [...]
Wal-Mart Stores Inc (WMT.N) will re-open 12 of its Seiyu stores in Japan which were affected by the earthquake, and is hoping to open the remaining 12 impacted stores as soon as possible, a spokesman for the U.S.-based retailer said.
Wal-Mart has 371 stores and 43 deli outlets in Japan, of which 24 were affected by the March 11 earthquake and tsunami that left more than 27,000 people dead or [...]
(Reuters) – Best Buy Co Inc is poised to report its third straight quarter of same-store sales declines on weak demand for televisions and entertainment software in the all-important holiday season.
The top U.S. consumer electronics chain by sales, whose decision to focus on promoting pricier televisions backfired, has consistently lost bargain-hungry shoppers to online retailer Amazon.com Inc and mass merchants such as Target Corp and Wal-Mart Stores Inc.
Best Buy [...]
This Fed-induced rally is nothing short of a godsend for each and every corporate executive. But yes, there may be value: there was insider buying in 2 (two) companies last week: General Dynamics and Best Buy, for a whopping total of $177,064. At the same time sales were a total of $414 million: so is anyone wondering why JPMorgan is reopening its gold vault… Anyone left holding the bag [...]
by Victor Cook
At midnight on the first of the month, a scene unfolds at many Wal-Mart Stores Inc. sites that underscores the deep financial strains that many low-income American consumers still face.
Parking lots come to life after 11 p.m. as customers start to stream into the stores, cramming their shopping carts full of milk, infant formula and other necessities.
Then at midnight, when the government replenishes their [...]
by Boca Joe
It says it all about the state of the tepid U.S. recovery.
Bill Simon, CEO of Wal-Martâ€™s U.S. business, at a Goldman Sachs conference last week, on behavior at a Walmart store around midnight at the end of a month:
â€œThe paycheck cycle weâ€™ve talked about before remains extreme. It is our responsibility to figure out how to sell in that environment, adjusting pack sizes, large pack at sizes the [...]
All stores have perpetual inventory systems on “in and out” transactions by ITEM/SIZE/COLOR, etc. No need to “tag” with radio the individual item – it’s in your inventory system. Unless of course there is another reason for doing it – this is the whole point of “POP” scan systems – to track the inventory:
“Wal-Mart Radio Tags to Track Clothing
Marc F. Henning for The Wall Street Journal
…..Wal-Mart Stores Inc. plans to [...]
58% of earnings came from international sources and the U.S. is becoming less and less a consumer base for these types of companies. The drop of 20% of our consumers due to unemployment or underemployment has been mostly replaced by the growth of the international consumer. With wages in China, the largest consumer of many electronic goods, rising 20% in just the last few months, we can look for emerging [...]