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10/11/2017

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sean martin

I'll be the first to admit that sometimes the economy is a bewildering place without any sort of compass.

But how does a company like Toys R Us, a behemoth with a built-in market, go into bankruptcy??? How stupid do you have to be to drive something like that into the ditch?

Mike Peterson

That's the point -- read the article again -- it has nothing to do with toys or the market but is all about debt and greed ... as said there, " For years, Toys R Us managed to keep refinancing its Chutes and Ladders tangle of debt obligations, though it had to skimp in other areas, such as investing in its stores and its online operations"

When you cut quality and service and selection in order to lower costs in order to jack up profits, it doesn't take long to screw things up royally.

And if you don't do those things, the debt will take you down on it own. Moral of the story is that buyouts are a death sentence for everyone but the parasite who initiated it -- if he can cash out in time.

phred

I refer to it as economic strip-mining: take out everything valuable, then abandon it and let the government deal with the mess. Privatize profits, socialize loss. It's so much more economical that way.

Louis Richards

Concerning the Student Deferments in the Vietnam era,
Remember how Bill Clinton was attacked as a draft dodger, even though he never even applied for a deferment. Just lucky enough to not be called up.

Mike Peterson

True, though Bush and Quayle were attacked for going into the Guard instead of going to Vietnam. We considered that a semi-honorable alternative, though not when strings were pulled to get you in.

But JFK and Bush senior were respected. Only in recent years would a decorated veteran be attacked with "fake history" to discredit his service -- the Swift Boat Liars have never been brought to account for that disgusting peek into the future of American politics.

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