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Slew Foot

Lifer
Sep 22, 2005
12,379
96
86
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

Once the housing/credit bubble popped you knew this would happen.

 

BoberFett

Lifer
Oct 9, 1999
37,562
9
81
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

Keep spinning Dave, it's the only thing you know.
 

piasabird

Lifer
Feb 6, 2002
17,168
60
91
The problem is greed and mismanagement. Get rid of your knowledgeabe employees for some people from some foriegn land and then pay the same overpriced management types a big fat bonus for mistreating their employees. This is the international way.

Have you watched TV lately. There is not much worth watching. Puke. Some worthless reality show with punked out rejects from an insane asylum. Why do you want to watch a program where the way to get ahead is to stab everyone in the back. Which such uplifting material, a video game is a vast improvement.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

8-1-2007 Bally Total Fitness files Chapter 11 bankruptcy

NEW YORK - Bally Total Fitness Holding Corp, one of the largest U.S. health club operators, has filed for bankruptcy protection, after struggling in recent years with membership declines and too much debt.

The Chicago-based company and more than 40 affiliates filed for Chapter 11 protection from creditors on Tuesday with the U.S. Bankruptcy Court in Manhattan.

Bally has struggled in recent years to attract new members, and in March said it expected continued membership declines through at least 2008.

Among the affiliates that are reorganizing is Jack LaLanne Holding Corp., named for the fitness and nutritional expert, court papers show.

Bally said Jefferies & Co. and the law firm Latham & Watkins LLP are advising it on the bankruptcy process. It said a committee of bondholders retained Houlihan Lokey Howard & Zukin Capital and the law firm Akin Gump Strauss Hauer & Feld LLP as advisers.

Shares of Bally closed Tuesday at 41 cents on the Pink Sheets.

Bally's going under has nothing to do with discretionary spending. Their facilities are disgusting, their "contracts", which are nothing more than high interest loans to sucker new members in, are outrageous, and their business practices are deplorable. They have pretty much eliminated themselves from the market by being so abusive towards their customers, who renew at a much lower rate than the typical fitness center customer.

As usual, dave knows pretty much nothing about what he is posting about.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

Keep spinning Dave, it's the only thing you know.

Talking about Adult discretionary spending.

Children spending Daddy's money is not dicretionary spending.

You must be still a child to not know that.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

8-1-2007 Bally Total Fitness files Chapter 11 bankruptcy

NEW YORK - Bally Total Fitness Holding Corp, one of the largest U.S. health club operators, has filed for bankruptcy protection, after struggling in recent years with membership declines and too much debt.

Bally's going under has nothing to do with discretionary spending. Their facilities are disgusting, their "contracts", which are nothing more than high interest loans to sucker new members in, are outrageous, and their business practices are deplorable. They have pretty much eliminated themselves from the market by being so abusive towards their customers, who renew at a much lower rate than the typical fitness center customer.

As usual, dave knows pretty much nothing about what he is posting about.

Oh please.

What is it about "one of the largest U.S. health club operators" do you not understand?

Reading much?
 

JD50

Lifer
Sep 4, 2005
11,750
2,335
126
Originally posted by: dmcowen674
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

Keep spinning Dave, it's the only thing you know.

Talking about Adult discretionary spending.

Children spending Daddy's money is not dicretionary spending.

You must be still a child to not know that.

Ummm.....yes it is.

Oh, and BTW....You are pwned again

1. US computer and video game software sales grew six percent in 2006 to $7.4 billion ? almost tripling industry software sales since 1996.


2. Sixty-seven percent of American heads of households play computer and video games.

3. The average game player is 33 years old and has been playing games for 12 years.

4. The average age of the most frequent game buyer is 38 years old. In 2007, 92 percent of computer game buyers and 80 percent of console game buyers were over the age of 18.


5. Eighty-five percent of all games sold in 2006 were rated "E" for Everyone, "T" for Teen, or "E10+" for Everyone 10+. For more information on ratings, please see www.esrb.org.


6. Eighty-six percent of game players under the age of 18 report that they get their parents? permission when renting or buying games, and 91 percent say their parents are present when they buy games.

7. Thirty-six percent of American parents say they play computer and video games. Further, 80 percent of gamer parents say they play video games with their kids. Sixty-six percent feel that playing games has brought their families closer together.


8. Thirty-eight percent of all game players are women. In fact, women over the age of 18 represent a significantly greater portion of the game-playing population (31%) than boys age 17 or younger (20%).


9. In 2007, 24 percent of Americans over the age of 50 played video games, an increase from nine percent in 1999.

10. Forty-nine percent of game players say they play games online one or more hours per week. In addition, 34 percent of heads of households play games on a wireless device, such as a cell phone or PDA, up from 20 percent in 2002.





 

Hacp

Lifer
Jun 8, 2005
13,923
2
81
Originally posted by: JD50
Originally posted by: dmcowen674
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

Keep spinning Dave, it's the only thing you know.

Talking about Adult discretionary spending.

Children spending Daddy's money is not dicretionary spending.

You must be still a child to not know that.

Ummm.....yes it is.

Oh, and BTW....You are pwned again

1. US computer and video game software sales grew six percent in 2006 to $7.4 billion ? almost tripling industry software sales since 1996.


2. Sixty-seven percent of American heads of households play computer and video games.

3. The average game player is 33 years old and has been playing games for 12 years.

4. The average age of the most frequent game buyer is 38 years old. In 2007, 92 percent of computer game buyers and 80 percent of console game buyers were over the age of 18.


5. Eighty-five percent of all games sold in 2006 were rated "E" for Everyone, "T" for Teen, or "E10+" for Everyone 10+. For more information on ratings, please see www.esrb.org.


6. Eighty-six percent of game players under the age of 18 report that they get their parents? permission when renting or buying games, and 91 percent say their parents are present when they buy games.

7. Thirty-six percent of American parents say they play computer and video games. Further, 80 percent of gamer parents say they play video games with their kids. Sixty-six percent feel that playing games has brought their families closer together.


8. Thirty-eight percent of all game players are women. In fact, women over the age of 18 represent a significantly greater portion of the game-playing population (31%) than boys age 17 or younger (20%).


9. In 2007, 24 percent of Americans over the age of 50 played video games, an increase from nine percent in 1999.

10. Forty-nine percent of game players say they play games online one or more hours per week. In addition, 34 percent of heads of households play games on a wireless device, such as a cell phone or PDA, up from 20 percent in 2002.

What does that prove? The data you presented could mean anything. To me, it states that Daddy sticks to minesweeper while he buys WoW and Everquest for his children.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Originally posted by: LegendKiller
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

8-1-2007 Bally Total Fitness files Chapter 11 bankruptcy

NEW YORK - Bally Total Fitness Holding Corp, one of the largest U.S. health club operators, has filed for bankruptcy protection, after struggling in recent years with membership declines and too much debt.

Bally's going under has nothing to do with discretionary spending. Their facilities are disgusting, their "contracts", which are nothing more than high interest loans to sucker new members in, are outrageous, and their business practices are deplorable. They have pretty much eliminated themselves from the market by being so abusive towards their customers, who renew at a much lower rate than the typical fitness center customer.

As usual, dave knows pretty much nothing about what he is posting about.

Oh please.

What is it about "one of the largest U.S. health club operators" do you not understand?

Reading much?

Google Bally's Fitness scam. Rinse, repeat, then come back and apologize you pathetic troll.
 

JD50

Lifer
Sep 4, 2005
11,750
2,335
126
Originally posted by: Hacp
Originally posted by: JD50
Originally posted by: dmcowen674
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

Keep spinning Dave, it's the only thing you know.

Talking about Adult discretionary spending.

Children spending Daddy's money is not dicretionary spending.

You must be still a child to not know that.

Ummm.....yes it is.

Oh, and BTW....You are pwned again

1. US computer and video game software sales grew six percent in 2006 to $7.4 billion ? almost tripling industry software sales since 1996.


2. Sixty-seven percent of American heads of households play computer and video games.

3. The average game player is 33 years old and has been playing games for 12 years.

4. The average age of the most frequent game buyer is 38 years old. In 2007, 92 percent of computer game buyers and 80 percent of console game buyers were over the age of 18.


5. Eighty-five percent of all games sold in 2006 were rated "E" for Everyone, "T" for Teen, or "E10+" for Everyone 10+. For more information on ratings, please see www.esrb.org.


6. Eighty-six percent of game players under the age of 18 report that they get their parents? permission when renting or buying games, and 91 percent say their parents are present when they buy games.

7. Thirty-six percent of American parents say they play computer and video games. Further, 80 percent of gamer parents say they play video games with their kids. Sixty-six percent feel that playing games has brought their families closer together.


8. Thirty-eight percent of all game players are women. In fact, women over the age of 18 represent a significantly greater portion of the game-playing population (31%) than boys age 17 or younger (20%).


9. In 2007, 24 percent of Americans over the age of 50 played video games, an increase from nine percent in 1999.

10. Forty-nine percent of game players say they play games online one or more hours per week. In addition, 34 percent of heads of households play games on a wireless device, such as a cell phone or PDA, up from 20 percent in 2002.

What does that prove? The data you presented could mean anything. To me, it states that Daddy sticks to minesweeper while he buys WoW and Everquest for his children.

Look man, I can't do much more than post the facts for you to read, "92 percent of computer game buyers and 80 percent of console game buyers were over the age of 18" that proves that 92 percent of computer game buys and 80 percent of console game buyers are not children. "The average game player is 33 years old ". Come on man, I even bolded the important stuff that proves that its not "children spending daddys money". So Daves "theory" is blown right out of the water.

Either way, it doesn't really matter, in Daves imaginery world, there is somehow a difference between the money that an adult spends on themselves and the money that an adult spends on their kids. Obviously Dave doesn't have any kids. When I buy a video game, whether it be a Thomas game for my 5 year old or CnC3 for myself, that is discretionary spending, would you care to refute that?

Edit - Oh, and BTW, after a quick google it looks like the average age of an Everquest player is 24 and the average age of a WoW player is 28. But like I said, it doesn't really matter who is playing the game, what matters is who is paying for the game, which is discretionary spending.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Guaranteed most of the jobs losses will be in the U.S.

They use "Global Economy" to hide the real facts now.

How pathetic

8-2-2007 Unilever to Reduce Work Force by 20,000

Among the businesses up for sale is Unilever's U.S. laundry arm known for products such as All, Surf and Snuggles. The U.S. laundry operations -- with some 3,000 workers -- had sales last year of $800 million.

"Despite rising commodity costs, we have started to see the benefits of growth coming through in the bottom line," Chief Executive Patrick Cescau said.

He said the company had been able to pass the higher costs of raw food materials -- oils and dairy products -- on to consumers by raising prices.

Wood said Unilever's decision to sell the U.S. laundry operations was as important as the earnings themselves, because the company planned to save 1.5 billion euros ($2.1 billion) by "clustering regional structures ... reducing supply chain costs," he said.
=====================================
Translation - Everything is cheaper in China.

 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: dmcowen674
Guaranteed most of the jobs losses will be in the U.S.

They use "Global Economy" to hide the real facts now.

How pathetic

8-2-2007 Unilever to Reduce Work Force by 20,000

Among the businesses up for sale is Unilever's U.S. laundry arm known for products such as All, Surf and Snuggles. The U.S. laundry operations -- with some 3,000 workers -- had sales last year of $800 million.

"Despite rising commodity costs, we have started to see the benefits of growth coming through in the bottom line," Chief Executive Patrick Cescau said.

He said the company had been able to pass the higher costs of raw food materials -- oils and dairy products -- on to consumers by raising prices.

Wood said Unilever's decision to sell the U.S. laundry operations was as important as the earnings themselves, because the company planned to save 1.5 billion euros ($2.1 billion) by "clustering regional structures ... reducing supply chain costs," he said.
=====================================
Translation - Everything is cheaper in China.

Yes, that's exactly what they said. That's why P&G is offering so much competition and that's why they are deciding to cut jobs through selling divisions. The people aren't losing jobs, they are just offloading the specific divisions where those jobs are.

Naturally, this is too difficult for you to understand. It's ok.
 
Oct 30, 2004
11,442
32
91
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

I wouldn't be so quick to characterize spending on computer games as a sign of economic prosperity.

Yachts are expensive. Travel is expensive. But a good computer game offers a large amount of entertainment value at a purchase price of a couple cents per hour. For example, if you were to become an online multiplayer gamer for a game that doesn't require a subscription (many first person shooters if not most) then it would prove to be very cheap entertainment. Even WoW for $15/month is inexpensive if someone's going to spend 15 hours/month playing it (cheaper than going to the movies).
 

BoberFett

Lifer
Oct 9, 1999
37,562
9
81
Originally posted by: dmcowen674
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

Keep spinning Dave, it's the only thing you know.

Talking about Adult discretionary spending.

Children spending Daddy's money is not dicretionary spending.

You must be still a child to not know that.

Do you understand the word discretionary? It doesn't matter who's spending it, if it's not being spent on a budgeted necessity it's discretionary.

Pull your head out of your ass.
 

BoberFett

Lifer
Oct 9, 1999
37,562
9
81
Originally posted by: WhipperSnapper
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

I wouldn't be so quick to characterize spending on computer games as a sign of economic prosperity.

Yachts are expensive. Travel is expensive. But a good computer game offers a large amount of entertainment value at a purchase price of a couple cents per hour. For example, if you were to become an online multiplayer gamer for a game that doesn't require a subscription (many first person shooters if not most) then it would prove to be very cheap entertainment. Even WoW for $15/month is inexpensive if someone's going to spend 15 hours/month playing it (cheaper than going to the movies).

The point is that people are still spending money on toys. Dave characterized Bally's financial woes as a sign that everybody is poor. I simply point out that instead of spending $30/mo on a gym membership people are spending money on other things. What they spend it on and the relative value is irrelevant.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: BoberFett
Originally posted by: WhipperSnapper
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

I wouldn't be so quick to characterize spending on computer games as a sign of economic prosperity.

Yachts are expensive. Travel is expensive. But a good computer game offers a large amount of entertainment value at a purchase price of a couple cents per hour. For example, if you were to become an online multiplayer gamer for a game that doesn't require a subscription (many first person shooters if not most) then it would prove to be very cheap entertainment. Even WoW for $15/month is inexpensive if someone's going to spend 15 hours/month playing it (cheaper than going to the movies).

The point is that people are still spending money on toys. Dave characterized Bally's financial woes as a sign that everybody is poor. I simply point out that instead of spending $30/mo on a gym membership people are spending money on other things. What they spend it on and the relative value is irrelevant.


It has nothing to do with people spending in other areas. Other fitness companies are doing quite well. The problem is that Bally's is such a crappy company and I know first hand.

In 2005 my wife's doctors found growths on her thyroid. At the time she was very ill much of the time and could not work out. At the same time we moved to NoVA and the nearest Bally's was more than an hour away. She wasn't working and I was working a lot of hours. She was diagnosed with thyroid cancer soon after and we made almost weekly trips up to NYC to see her doctors.

At the time we were paying ~70/mo, my wife was out of work, and we were trying to aborb moving to a new place. I called Bally's to see if we could suspend payments until my wife was better. They required us to send copies of our travel invoices to NYC, notes from her doctors, and verification that the travel time between our house and the nearest place was an hour.

Even through all of that they still wouldn't work with us. Instead, they threatened that if we didn't pay (which we were) that they would send collectors after us and trash our credit. Quite a nice company.

I did visit that local place twice. It was a disgusting facility that was very dirty and very poorly maintained.

My story isn't unique, as Bally's has been successfully litigated by not only individuals but state AGs for their crappy business practices. Anybody can google and find these issues. The company is filled with all sorts of nasty tactics in their zeal to maintain a stranglehold upon the people they loop into horrible contracts.

My "membership" expires in a few months and I do not plan to renew. Bally's can burn in hell for all I care.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: LegendKiller
Originally posted by: BoberFett
Originally posted by: WhipperSnapper
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

I wouldn't be so quick to characterize spending on computer games as a sign of economic prosperity.

Yachts are expensive. Travel is expensive. But a good computer game offers a large amount of entertainment value at a purchase price of a couple cents per hour. For example, if you were to become an online multiplayer gamer for a game that doesn't require a subscription (many first person shooters if not most) then it would prove to be very cheap entertainment. Even WoW for $15/month is inexpensive if someone's going to spend 15 hours/month playing it (cheaper than going to the movies).

The point is that people are still spending money on toys. Dave characterized Bally's financial woes as a sign that everybody is poor. I simply point out that instead of spending $30/mo on a gym membership people are spending money on other things. What they spend it on and the relative value is irrelevant.


It has nothing to do with people spending in other areas. Other fitness companies are doing quite well. The problem is that Bally's is such a crappy company and I know first hand.

In 2005 my wife's doctors found growths on her thyroid. At the time she was very ill much of the time and could not work out. At the same time we moved to NoVA and the nearest Bally's was more than an hour away. She wasn't working and I was working a lot of hours. She was diagnosed with thyroid cancer soon after and we made almost weekly trips up to NYC to see her doctors.

At the time we were paying ~70/mo, my wife was out of work, and we were trying to aborb moving to a new place. I called Bally's to see if we could suspend payments until my wife was better. They required us to send copies of our travel invoices to NYC, notes from her doctors, and verification that the travel time between our house and the nearest place was an hour.

Even through all of that they still wouldn't work with us. Instead, they threatened that if we didn't pay (which we were) that they would send collectors after us and trash our credit. Quite a nice company.

I did visit that local place twice. It was a disgusting facility that was very dirty and very poorly maintained.

My story isn't unique, as Bally's has been successfully litigated by not only individuals but state AGs for their crappy business practices. Anybody can google and find these issues. The company is filled with all sorts of nasty tactics in their zeal to maintain a stranglehold upon the people they loop into horrible contracts.

My "membership" expires in a few months and I do not plan to renew. Bally's can burn in hell for all I care.

I wasn't defending the crappy company at all. I was simply commenting on how such a massive corporation claiming it has no money.

I too was burned by Ballys's. When I was a fireman, us guys would work out at the gym, when I moved and was no where near a Bally's they would not work with me either. Lost $800 to the thieves.
 

BoberFett

Lifer
Oct 9, 1999
37,562
9
81
And yet you still maintain that Bally's financial trouble is a sign that America is crumbling. You are a moron that can't keep your lies and spin straight anymore.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: BoberFett
And yet you still maintain that Bally's financial trouble is a sign that America is crumbling. You are a moron that can't keep your lies and spin straight anymore.

Are you trying to say it's booming?

What proof of this do you have?
 

Fern

Elite Member
Sep 30, 2003
26,907
173
106
Originally posted by: dmcowen674
Guaranteed most of the jobs losses will be in the U.S.

They use "Global Economy" to hide the real facts now.

How pathetic

8-2-2007 Unilever to Reduce Work Force by 20,000

Among the businesses up for sale is Unilever's U.S. laundry arm known for products such as All, Surf and Snuggles. The U.S. laundry operations -- with some 3,000 workers -- had sales last year of $800 million.

"Despite rising commodity costs, we have started to see the benefits of growth coming through in the bottom line," Chief Executive Patrick Cescau said.

He said the company had been able to pass the higher costs of raw food materials -- oils and dairy products -- on to consumers by raising prices.

Wood said Unilever's decision to sell the U.S. laundry operations was as important as the earnings themselves, because the company planned to save 1.5 billion euros ($2.1 billion) by "clustering regional structures ... reducing supply chain costs," he said.
=====================================
Translation - Everything is cheaper in China.

Dave, why the concern about a European company? Unilever is not American. It was founded in the UK (and Holland).

Why do you care if a UK company sells off it's US operations?

Did you think Unilever was a US company?

Fern
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: Fern
Originally posted by: dmcowen674
Guaranteed most of the jobs losses will be in the U.S.

They use "Global Economy" to hide the real facts now.

How pathetic

8-2-2007 Unilever to Reduce Work Force by 20,000

Among the businesses up for sale is Unilever's U.S. laundry arm known for products such as All, Surf and Snuggles. The U.S. laundry operations -- with some 3,000 workers -- had sales last year of $800 million.

"Despite rising commodity costs, we have started to see the benefits of growth coming through in the bottom line," Chief Executive Patrick Cescau said.

He said the company had been able to pass the higher costs of raw food materials -- oils and dairy products -- on to consumers by raising prices.

Wood said Unilever's decision to sell the U.S. laundry operations was as important as the earnings themselves, because the company planned to save 1.5 billion euros ($2.1 billion) by "clustering regional structures ... reducing supply chain costs," he said.
=====================================
Translation - Everything is cheaper in China.

Dave, why the concern about a European company? Unilever is not American. It was founded in the UK (and Holland).

Why do you care if a UK company sells off it's US operations?

Did you think Unilever was a US company?

Fern

Because the American jobs are the ones obviously going to be eliminated.

They used a lot of hocus pocus dodge and duck on the supply chain nonsense when it is clear they will take Products that make in the U.S. and sell in the U.S. and shift the jobs to China and ship them back to the U.S. Like I said 100% bullshit.
 

Fern

Elite Member
Sep 30, 2003
26,907
173
106
Dave, do you have some detailed info on Unilver to lead to that conclusion? I'm not debating just asking.

How much of their manufacturing in currently done in the USA?

The US ops seems rather small. Just 3,000 employees, IIRC. Who knows, perhaps there will be no one laid off from there given the plan to sell it?

Fern

EDIT: Gawd, anybody would be foolish at this time to move production to China. Who wants to be poisoned?
 

jackace

Golden Member
Oct 6, 2004
1,307
0
0
Originally posted by: WhipperSnapper
Originally posted by: BoberFett
Originally posted by: dmcowen674
Expect to see more businesses that rely on discretionary personal spending to go belly up as more Americans go down the ladder economically:

And yet I hear spending on computer and video games is going through the roof. Or do you not consider video games discretionary spending? Maybe Americans have just moved to a new fad?

I wouldn't be so quick to characterize spending on computer games as a sign of economic prosperity.

Yachts are expensive. Travel is expensive. But a good computer game offers a large amount of entertainment value at a purchase price of a couple cents per hour. For example, if you were to become an online multiplayer gamer for a game that doesn't require a subscription (many first person shooters if not most) then it would prove to be very cheap entertainment. Even WoW for $15/month is inexpensive if someone's going to spend 15 hours/month playing it (cheaper than going to the movies).


This might be true. I remember watching a documentary on PBS and a lot of early Hollywood's success was attributed to the great depression. People had limited income so for recreation and release they would go watch an inexpensive movie instead of other more expensive activities.