Category: Business

So Much For Dick

Business, The Gun Thing

Here’s one piece of news that will gladden the hearts of all gunnies:

Dick’s Sporting Goods Inc. said Tuesday it will stop selling firearms at 125 of its stores, further pulling back from the business after the retailer decided last year to tighten its policies around gun sales.
Dick’s has struggled with declining sales since its CEO Ed Stack made a public decision to stop selling guns to buyers under 21 and take assault-style weapons out of all stores after a fatal school shooting in Parkland, Fla. Dick’s is also working to stem sluggish sales as more shoppers buy sporting goods online.
This year Dick’s will remove guns and some hunting gear from 125 locations, after testing the concept in 10 stores last year, Mr. Stack said on a conference call Tuesday. Dick’s had 729 of its namesake locations as of Feb. 2. The space will be used to sell higher-margin, faster-selling categories such as licensed sports gear and outdoor recreation equipment, Mr. Stack said.

Yeah… good luck with those Nike T-shirts, Ed.

[pause to allow mocking laughter to subside]

In the article, there’s even better news about their stock price.  Cliff [sic]  Notes:

Can’t wait for Dick’s to go out of business altogether.  Feelgood, pandering fuckers.

Killing Off Your Favorites

Business

This story got me thinking:

Ed Sheeran has got his neighbours choking on their chorizos – with plans to turn a much-loved Spanish restaurant into a music bar.
The star bought the Galicia tapas bar in London’s swish Portobello Road for £1.5million last year.
The 28-year-old, who lives nearby, reportedly wants to transform it into a live music venue with a ‘members’ club vibe’. But residents who described Galicia as ‘one of the last authentic Spanish restaurants in London’ spoke of their dismay yesterday at finding out its new owner is one of the world’s biggest pop stars.

There are all sorts of issues to be addressed here.

I think we’ve all asked the question, “What happened to that cool place where we used to go..?” (the typical answer being, of course, that if you’d gone there more often, the place wouldn’t have disappeared).  I have no idea whether the Galicia fell into this category, but I suspect it might have.  After all, Spanish food is pretty much an exotic cuisine in London, and people will not go there all that often (much as, say, Murkins don’t often visit Greek restaurants Over Here unless they’re of Greek origin or if they, like myself, love Greek food).  Clearly, the owners of the Galicia either wanted to sell the place for personal reasons or had to sell it because they weren’t making money off the place.

The second issue is that of course, if you buy a piece of property, you’re quite within your rights to change it (subject to the usual restraints, of course), and pop star Sheeran wants to create a private drinking club for himself and, probably, his buddies — which makes nonsense of this wail from a local:

‘If it turns into a members’ club where they charge £3,000-4,000 a month to join, nobody from around here will go.’

Hate to break it to you, you idiot, but you’re probably not welcome there anyway.  Sheeran doesn’t need the money from the subs:  it’s a means to keep the local riff-raff out, much as the restaurant in L.A. that used to sell $100 burgers and was frequented mostly by celebrities who welcomed the privacy those prices afforded them.

No, I can’t say I have too much sympathy for the complainers here.  If Galicia was indeed “one of the last authentic Spanish restaurants in London”, it doesn’t say much for the popularity of Spanish food there, does it?  (You only have to go to southern Spain, where Brits go to avoid the crappy London weather, to see the truth of this.  Almost all the restaurants and bars offer “Full English Breakfast!”, “Fish & Chips!” and “English Bitter Ale!” — Spanish food clearly doesn’t satisfy the visitors.)

The only thing that mystifies me about all this is how the reedy-voiced Sheeran managed to amass an £80-million fortune.

Vulnerable

Business, Music, Two-Minute Hate

One of the many wise things my brother-in-law (Uncle Mike) said to me was this:

“The ideas people always end up getting fucked by the money people.”

The occasion of his utterance was many years ago, when the vulture venture capitalists were giving me the runaround with funding — in essence, they thought my business plan was great, as long as I changed the product, its marketing and its target market — and when I refused to change anything, they promised to release the funds… after six months’ further study.  Result (as Longtime Readers may remember):  a third of a million dollars’ savings lost, staff laid off, followed by ruin and bankruptcy.

The same is true not just of venture capital gnomes, though.  It is a fact of life in the music business, where creative people are happy just to get an opportunity to create music, make albums and perform at concerts for their fans;  while in the background the loathsome accountants and managers collect the money, demand more and more “product” from the artists, and try to justify their greed and rapacity by pleading that they “invest” in the artists and are therefore entitled to a return on their investment.

I recently watched the biopic of the late Amy Winehouse, the British jazz singer and ultimate Train Smash Woman, on Netflix.  I would urge everyone to watch it — if you can stomach it all the way through — to see exactly what I’m talking about in the previous paragraph.  All Amy had was boundless talent;  all she lacked  was maturity, commonsense, guidance, protection and security, and nobody ever helped her by giving her any of it.  Instead, her life was one long catalog of exploitation, enabling and vampire-like sucking of everything she had, with the predictable outcome. And she didn’t deserve any of it.  To say Amy was vulnerable would be guilty of gross understatement, and her world treated her like a sadist would kick a newborn puppy, just because the squeals sounded good.

Here’s my comment on the tragedy of Amy Winehouse:

Every single person involved in this vulnerable young woman’s sad life:  her “friends”, her producers, her record company’s executives, her “bodyguards”, the press reporters and paparazzi who hounded her every move, her husband, and most especially her father — every single one of them deserves to be  put into the stocks and beaten with heavy chains.  For hours.

Are We There Yet?

Business, Politics

From Stephen Green:

Now we have this bit of non-thinking from studious non-thinker Alexandria Occasional-Cortex.
• NYC was going to give Amazon a three-billion dollar tax break; i.e., not collect that much in taxes from Amazon’s new NYC HQ2.
• Now that Amazon has cancelled HQ2, AOC believes that NYC can spend that money they never collected, from a business which isn’t coming to NYC, on NYC’s favorite progressive causes.

As BidnessMan said:  

And please note the date on his post… so much more stupid has flowed since then.

Time For A Little Assistance

Advice, Business, Politics

…or, as some might call it, benign colonialism.  Looks like somebody’s about to get rich, real quickly:

On the coast of South America, just north of Brazil, lies the obscure and impoverished former British colony of Guyana, distantly remembered for a bizarre mass suicide four decades ago that begot the term “drinking the Kool-Aid.”
But today, the discovery of a massive trove of oil off its shores, including two finds just this week, put Guyana on the cusp of becoming one of the world’s wealthiest nations, in the league of petro-states like Qatar.

How big a trove?

Since 2016, Exxon has made a dozen discoveries in Guyana that now total more than 5 billion barrels of recoverable reserves. This is enormous — for perspective, the industry calls a 1-billion-barrel field a “supergiant.”

Needless to say, the Guyanese are totally unprepared for this:

Guyana has barely gotten organized for what, in other countries, has triggered a free-for-all of chaos, corruption and war.
The country has been in political turmoil since last year. In December, the Parliament ousted the government of President David Granger in a vote of no confidence. That set in motion new elections within 90 days, but the government is challenging the move in court.
No plan has been devised for how to begin to build and upgrade the country’s roads, communications and institutions. Neither is there a plan for building up the capital of Georgetown.
No one has determined how to both husband the wealth, and to share it.
Insanally said the reaction in Guyana runs the gamut: “There are people who are excited, people who are apprehensive, and people who think oil should be avoided as a curse altogether.”

Ordinarily, I’d suggest that as Exxon/Mobil is an American company, that they (or the U.S. or even British governments) should step in and lend a helping hand in the organization.  But that would lead to loud cries of “Colonialissssssss!” from the Usual Suspects.

My modest proposal, therefore, is a little different:  let Norway  step up to the plate and show Guyana what they did with, I should point out, a relatively much smaller income stream than the one under discussion.  After all, nobody associates Norway with eeeevil colonialism, and indeed, the “Scandinavian model” is applauded by all the neo- and actual socialists out there.  And let’s be honest, if nobody on the West gets involved, then the Venezuelans will.

It may fail, of course, because nobody can fuck up a Good Thing better than the socialists — except of course for the Third World, who could fuck up Paradise in an afternoon without any effort at all.

But it’s worth a try.  Come on, Norway:  uff da, or whatever.

Pass The Popcorn, Simon

Business, Gummint

I had to chuckle to myself when I saw this article about Amazon’s proposed new HQ in NYFC:

After months of haggling and wrangling to establish a deal involving major tax breaks and accommodations, Democrats in New York City are complaining that the deal isn’t good enough, the tax breaks are too dangerous, and Amazon’s arrival might be damaging to the social justice crowd because it could lead to further “gentrification” of the area. And that has Governor Andrew Cuomo seeing red and going to war with his own party.

It is, as the kids say nowadays, to LOL.  And needless to say, as the first sod has yet to be turned on the thing:

Online retail giant Amazon is reconsidering its plans to open a headquarters in Queens due to opposition from local lawmakers, according to a new report.
Executives at the company recently met to reassess setting up shop in Long Island City, as pols and activists continue to rail against the controversial new campus, the Washington Post reports, citing two people “familiar with the company’s thinking.”
“The question is whether it’s worth it if the politicians in New York don’t want the project, especially with how people in Virginia and Nashville have been so welcoming,” one of the sources told the paper.

Down here in the Dallas area, our proposals to Amazon were tiny compared to all the others’ offers — mostly because Texas has such a business-friendly climate, we start with a built-in advantage and don’t have to carve out all sorts of exceptions.  And New York doesn’t have a lot of stuff to give away, either:

The deal New York cut with Amazon is far beyond generous, including $2.5 billion in tax credits and $500 million in state construction subsidies. That hollows out the benefits of the new HQ in terms of municipal and state tax revenue considerably.

And of course, where’s there’s idiocy afoot, can Our Little Leninist Darling AOC be far behind?

Rep. Alexandria Ocasio-Cortez applauded news on Friday that Amazon is reportedly reconsidering its plans to build a second headquarters in New York City as it faces fierce opposition from some state and city officials.
“Can everyday people come together and effectively organize against creeping overreach of one of the world’s biggest corporations?” she wrote in a tweet. “Yes, they can.”
The New York Democrat, who represents the 14th Congressional District, has been a fierce critic of the e-commerce giant’s proposed second headquarters in Long Island City, a neighborhood in Queens.

It makes you wonder why Amazon chose — or even considered investing in — New York at all, despite the bribes incentives.  All I can say is that they all deserve each other.

And if Amazon now comes a-calling on Dallas to re-pitch the area, we should offer them a great big Nada.  Fuck ’em.