Thursday, March 18, 2010

Wal-Mart Hates Black People. And People With Cancer Too.

Have you ever worked in retail? If so, you're likely not impressed by the latest dust-up at Wal-Mart (WMT).

Customers at a Washington Township, New Jersey Wal-Mart store heard a voice come over the public address system and say "Attention Wal-Mart customers - all black people leave the store now."

I spent three years working in various retail outlets around NYC, including two supermarkets and a gift store. Now I won't compare my retail experience to digging up mines in Fallujah, but one thing's for certain:

Crazy sh*t happens inside stores.

Let's see:

I once saw a co-worker threaten to kill a customer after a charge of homophobia. The customer was a total jerk, but he did have a point: after all, my former colleague "J" did call that guy a "motherf*cking faggot."

And not only did "J" not lose his job, he got the rest of the night off! I should have been calling all the customers "motherf*cking faggots," even the old ladies!

What else?

I've seen co-workers get very drunk and/or high on the job, sometimes after having sex in the basement.

I've seen those same folks eating pints of Ben & Jerry's right in the frozen-food aisle, putting the half-eaten containers right back on the shelf.

I've also seen employees sneak expensive items into customers' shopping carts to inflate their shopping bills.

I've seen a famous actress try to negotiate the price of a cup of coffee.

I've been hit in the head with a turkey sandwich.

I've been called a fascist.

I've been asked to follow black people around the store.

I've been sprayed with stinky sewage.

I was once told by a manager that she was "disgusted by people with AIDS."

I've been sexually propositioned by old ladies.

And sometimes their husbands.

They may have been your grandparents.

And so on. And so on.

The point is, crazy things happen inside of stores. I don't excuse bigotry. But what happened at the Wal-Mart was more of a prank by a bored employee or mischievous customer than a sign of institutional racism. PA systems were simply designed from the ground up for making trouble:



The suspect is still at large, but I'm thinking it was a politically moderate 25-to-30 year-old man who likes the Colbert Report and was into Borat before Borat was big. If we see a 60 year-old guy in a white hood on the news as a result of this story, I'd be shocked.

But what is really driving me batty is the fact that this story is diverting attention from the real Wal-Mart news - that it fired a man for using legally-prescribed medical marijuana:



Joseph Casias, who was once named an "Associate of the Year" by Wal-Mart's Battle Creek, MI store, has been canned for using medical marijuana. Casias suffers from an inoperable brain tumor and sinus cancer.

According to law, Wal-Mart can fire an employee for failing a drug test - even in the case of those using medical marijuana.

This is the real story we should be talking about.

This guy isn't a junkie scoring smack in the Wal-Mart bathroom. He's a hard-working man with serious health problems, and he still wants to work.

Wal-Mart even objected to Casias receiving unemployment benefits before later changing its mind.

How f*cked up can you be Wal-Mart? You throw a top employee out on his butt for using medical marijuana to relieve the pain cause by his cancer - and then you try to take away his unemployment checks?

The whole situation reminds me of a quote from Clerks:

"What's your encore? Do you, like, anally rape my mother while pouring sugar in my gas tank?"
My mother went through several bouts with leukemia, and I spent a good deal of my 20's inside Sloan Kettering hospital. I've seen a lot of people in serious pain - so much pain that they can barely talk, eat, or sleep without the use of painkillers. And that includes toddlers, the elderly, and everyone in between.

If they want a joint, let's give them one. Leave the judging to higher powers.

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Wednesday, February 24, 2010

What About the Labor Force Participation Rate?

I'm having a grand ol' time watching Fed Chair Ben Bernanke get grilled by clueless members of Congress, but it seems that everyone is ignoring my favorite economic statistic:

The Labor Force Participation Rate

The Labor Force Participation Rate is defined as "The labor force participation rate is essentially the ratio of the civilian labor force to the total noninstitutionalized civilian population 16 years of age and over."

In other words, it tells us how many people are working or looking for jobs relative to population of available workers.

The LFPR fell to 58.2% in December, the lowest since 1984. What's also disturbing is that the figure was 66% in 2008. The result is that the ~10% unemployment rate everyone is talking about is actually understated - people have just given up looking for jobs.

And that's my main worry when it comes to the stock market. If the economy is so poor that our citizens aren't even looking for jobs, why should we bet on stocks?

What's more is that the US Census Bureau is projecting a LFPR of 65.5% in 2016. How is this going to happen? We saw a jobless recovery following the bursting of the Internet bubble, and given the shrinking of key sectors like housing and financial services, where will the job growth come from?

Health care? Maybe, but that should scare us. Health care is a major source of consumer inflation - the growth of health care comes with a major cost.

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Tuesday, February 16, 2010

New Blog - Apple Aperture

Just an FYI to anyone who may care - I started a new site about Apple's Aperture photo editing and management software.

P.S. Read my review of Why I Fight by BJ Penn and about other MMA books.

P.S. 2 - Read Scarsdale Patch!

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Tuesday, January 26, 2010

TheStreet.com Reports Q2/Q3 Earnings

Talk about your all-time turnarounds!

TheStreet.com (TSCM)
is trading up about 20% today after getting nearly caught up on its delayed earnings reports. While the company didn't give full Q4 numbers, it did deliver its Q2 and Q3 numbers from 2009.

And even I have to admit
that they're pretty damn good - the stock was even upgraded at JMP Securities.

Here's the key statement from CEO Darryl Otte:

“Bookings in our paid services have seen double-digit percentage increases in the second half of 2009 as compared to the prior year period, after having been down in the first half. As bookings are the precursor to higher paid services revenue, this positions us well for 2010. In addition to our strong bookings performance since mid-year, we are pleased that our subscriber counts have risen each quarter after March 2009.
The company really could have gotten away with this statement alone, but the numbers themselves are pretty good:

  • net cash balance of $83 million
  • positive EBITDA for year
  • bookings growth of 10-13% in Q4

Frankly, I'm pretty shocked. I imagined they would have bled subscribers to their newsletter offerings throughout 2009, especially since they lost Ron Insana. I still think the company's far too reliant upon Jim Cramer, but I can't argue with the company's performance. I want to buy this stock, which is basically trading at cash.

P.S. Visit GadgetStocks.com!


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