Business

Well-Known Businesses Are Starting to Look Shaky

Some companies become so badly damaged because of changes in the competitive markets or because of poor management decisions that their employees lose hope. A company’s staff may become demoralized because they believe their company has no future and that they might be laid off in efforts to remain financially stable.

This loss of hope is exacerbated by the state of the economy. A person who is fired in today’s market may discover (quite painfully) that it is extremely difficult to find new work. Nearly 6 million Americans have been unemployed for more than half a year, which signals that work is scarce.

24/7 Wall St. has compiled a list of companies that are in deep trouble. The list is based on share prices, layoffs, analysts’ reports about their futures of these firms, and the extent to which they have missed Wall Street predictions about earnings-per-share.

Well Known Businesses Look Shaky1. Best Buy recently released earnings and they were much worse than Wall St. expected. Best Buy dropped its forecast for the balance of the year. It took the action because of concerns about TV and phone sales, along with worry about the economy. Best Buy has had a string of earnings failures, due primarily to its failure to do well online. Best Buy recently said its website would carry items from third-party stores to expand its attraction to shoppers. This did nothing to improve the perception that investors have of the company. Fitch downgraded Best Buy in June.

Well Known Businesses Look Shaky2. Research In Motion posted earnings recently that show its sharp decline has accelerated. Several analysts now believe the RIM BlackBerry smartphone will be no more than a “niche” product in a market it controlled almost completely four years ago. The bad earnings news took shares down from $29.54 to $23.93 in one day. RIM’s stock is off almost 50 percent in the past year, while shares in rival Apple are higher by more than 40 percent. RIM shipped only 200,000 units of its PlayBook tablet PC last quarter. Expectations had been for a number more than three times that. RIM revenue fell by 10 percent in the most recent period to $4.2 billion — a horrible situation for a company that was one of the most well-known growth stories for five years. The consensus among the media and Wall St. is that RIM has almost no chance to recover. It said in July it would lay off 10.5 percent of its workforce.

Well Known Businesses Look Shaky3. Talbots shares traded above $17 in May a year ago. They now trade at $3 after dipping to $2.25 recently. After the company released earnings two weeks ago, research firm Sterne Agee downgraded the stock to “neutral” from “buy.” The failing retailer said it expects to close about 110 stores in total, including 15 to 20 consolidations, through fiscal 2013. The corporation’s chief creative officer, Michael Smaldone, was fired as earnings were announced. Oddly, Talbots did not have a replacement when it took this action.

Well Known Businesses Look Shaky4. Hewlett-Packard announced earnings on August 18 and its shares promptly dropped to a 5-year low. HP also revised earnings forecasts down. Management said it might spin off the firm’s PC division, the largest in the world. So far, there are no takers. HP also discontinued it Palm operating system, which it bought only a year ago, and its tablet PC product. Investors believe, almost universally, that CEO Léo Apotheker does not have the strengths of his predecessor Mark V. Hurd, who was pushed out for ethical lapses. Wall St. seems certain that HP will lay off more people in addition to the sharp cuts it made in 2009 and 2010.

Well Known Businesses Look Shaky5. The U.S. Postal Service may be more troubled than any large public organization in America. It said it might lose as much as $10 billion this year. It teeters on the brink of insolvency. Its workers’ compensation liability is more than $12 billion. The USPS management has suggested it shutter thousands of individual post offices, layoff as many as 200,000 workers, and close over 250 service centers. Another suggestion by management is that delivery be cut to five days a week. No one should expect that the suggestions of executives at USPS will go unchallenged. The American Postal Workers Union most likely will strike to fight the job cuts.

Well Known Businesses Look Shaky6. Nintendo’s once nearly insurmountable lead in the video console sector has been lost, and its sales have fallen further and further behind rivals Microsoft and Sony. The rise of the Google Android operating system has also encouraged video game publishers to make more products that run on that platform. The 2010 market share of Nintendo DS fell from 70 percent in 2009 to 57 percent. Nintendo’s growth has also been damaged by the rise of the iPad and iPhone. The future is even grimmer. “iSuppli predicts Nintendo will sell 70 million 3DS gaming systems by 2015, a figure that is 21 million less than the 91 million in sales racked up by the original DS at the same point in its sales cycle,” according to the Unofficial Apple Weblog. Nintendo announced an unexpected quarterly loss on July 28 and its shares plunged 20 percent.

Well Known Businesses Look Shaky7. Cisco was one of the world’s greatest tech companies not long ago. Long-time CEO John Chambers made a series of decisions to expand Cisco beyond its core router business then. Very few of them paid off. Part of his plan was to diversify into the consumer electronics business, which weakened Cisco’s overall earnings strength. The company now makes TV set-top boxes, Linksys wi-fi hardware and home video-conferencing products. Chambers has been forced to reverse course, sell or cut back these operations and lay off 6,500 workers to make up for the losses caused by the diversification. Chambers’s job status is still in question. He lowered Cisco’s revenue forecasts recently to a growth rate of 3 percent to 5 percent for the next three years. Cisco’s newer businesses are not its only challenge though. The company has barely kept pace in the router business with China-based Huawei Technologies and Juniper.

Well Known Businesses Look Shaky8. Eastman Kodak’s run as a public company may be over soon. That would put the jobs of many of its 18,000 employees in jeopardy. Analysts think Kodak’s patents may be worth much more than that the company. Kodak has begun the process to find a buyer for these patents. MDB Capital Group told Bloomberg that the digital-imaging patents owned by Kodak might be valued at $3 billion in a sale. A sale of patents could mean Kodak will not keep all of its divisions. Its Film, Photofinishing and Entertainment Group sales dropped 14 percent to $369 million for the quarter. This is the area of the company’s business where it would be logical to start the next in a long line of lay-offs. Kodak’s cash position has become desperate. It has $957 million on hand compared to $1.624 billion at the end of the second quarter a year ago.

(Douglas A. McIntyre/Becket Adams — 24/7 Wall St./The Blaze)

Comments (148)

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  • SHvnDave
    Posted on September 21, 2011 at 8:08am

    “A person who is fired in today’s market may discover (quite painfully) that it is extremely difficult to find new work. ”

    This recession will not end as long as this attitude continues! The jobs that are being lost are GONE! As in forever. You cannot find those jobs no matter where you look.

    What to da. What to Do! (wringing hands)

    Create a job. Get up, stop waiting for Obama to give you a job; stop looking in the want ads for that job that looks like the one you was laid off from. Get out there and create a job. There are many resources to help you create a new job within an existing company or to create one “out of whole cloth”

    In 1995 Jeff Bezos decided to sell books that he didn’t even own. in 16 years his company – Amazon. com has become…. oh well, you know where I am going.

    Just do it!

    Report Post » SHvnDave  
    • 13th Imam
      Posted on September 21, 2011 at 8:53am

      You would have to be an idiot to open a business today, with your own money. Just make a deal with the local DEMOCRAT, for a loan, of TAXPAYERS money, and let them know you will be donating at least half to BARRY’S “Screw America Four More Years”, reelection campaign. You can always apply for more TAXPAYERS money six months down the road, for more payola for Barry.Even if you are honest and successful, Barry will then demonize you and attempt to steal ALL your profits.

      Report Post » 13th Imam  
    • TSG-01
      Posted on September 21, 2011 at 11:03am

      My former employer ‘restructured’ in March. By June I had opened my own consultancy. It has been extremely difficult with many, many 30+ hour days, often times consecutively with only a few hours of sleep between each.

      State regulations causing any number of flaming bureaucratic hoops to jump through have created more gray hair than all my time spent working in Iraq and Afghanistan combined. One thing is for certain though, all the late nights and long hours, all the worry and stress, all the frustration, shoe string budgets and making due and I wouldn’t give it all back to work for someone else at twice my old wage for half the stress.

      Knowing it all relies on ME whether or not my family succeeds and not on external factors or markets or some decision made 8 levels above my head is truly one of the best and most empowering feelings I have ever experienced.

      http://www.soteriangroup.com

      Report Post » TSG-01  
    • Ruler4You
      Posted on September 21, 2011 at 11:59am

      This is like ‘crazy land’! Are you going to tell me that the state of the economy has something to do with successful business? That’s just crazy, man. Who could’a predicted this stuff?

      Report Post » Ruler4You  
    • pbrenda51
      Posted on September 21, 2011 at 12:14pm

      our daughter in law had thought about quitting after she had the baby, but I told her, in todays economy, what if her husband (our son) got laid off? She is going back to work and realizes the truth in what I said……I will be babysitting so they have no worries about the safety and well being of the little one.

      Report Post »  
    • deacon01
      Posted on September 21, 2011 at 1:33pm

      Damn right… rock on Dave! That is the “attitude” much of this country has lost… Nothing but “air & opportunity” out there… make it happen. This is what separates real “Americans” from everyone else!!!! If you think you can… or, if you think you can’t…. you’re right.

      Report Post »  
    • Hollywood
      Posted on September 21, 2011 at 4:04pm

      HMMM! Where is Bank of America? They should be on this list,in my humble opinion. Oh Yah,I forgot,it won‘t fail ’specially since Buffet bought 5 billion in Warrants!

      Report Post » Hollywood  
    • krenshau
      Posted on September 21, 2011 at 7:09pm

      I still work full time, but I have things going on outside of work. I work all day and come home and work some more. I enjoy the work I do outside of my job 1000 times more. The key is not just making your own work, although that’s at least 50%. Living for the least amount of money is the rest. Our goal is to make our operating expenses about 12 thousand a year and everything we earn above that goes to savings and investments (not stock market, but businesses), and charity.

      Report Post »  
  • trench99
    Posted on September 21, 2011 at 8:08am

    Businesses large & small are falling thanks to 3 solid years of over regulation, rampant government spending, illegal immigration, and general stupidity by the masses.
    I said over 3 years ago “Illegals are bringing this country down to it’s kness, eliminating jobs, milking the system resources, and it will eventually effect YOUR job & YOUR life” but you all kept working these illegals or turning a blind eye to it. Even today I see plenty of illegals mowing grass/painting homes/roofing/framing while my neighbor sits home.

    Report Post »  
    • encinom
      Posted on September 21, 2011 at 10:16am

      The businesses are failing because of the unemployment and because of the idiots in the GOP that beleive in firing additional workers from the government payroll will help. We need Obamas job plan and massive govenrment spending. The large corporations are not spending their cash reserves. We need Americans working and if the private sector isn’t going to help, tax them and lets build and repair bridges and roads.

       
    • DaytonConserve
      Posted on September 21, 2011 at 11:00am

      Encinom is an idiot. Continuing to bail out the unions only creates more dependency on more taxpayer bailouts. Get out of our way and let the private sector create real long term meaningful jobs that don’t depend on constant government intervention to prop up a failing enterprise.

      Report Post »  
    • fatjack
      Posted on September 21, 2011 at 12:47pm

      encinom, just think, I thought your last post was stupid. Wow…….you just out did yourself.

      Report Post » fatjack  
    • Munsonmanor
      Posted on September 21, 2011 at 12:54pm

      Encinom – I must say, you’re at least consistant. So, “spending” our way to prosperity is the only way to get ourselves out of this? If you’re so confident this WILL work, there MUST be an example of this method of working. I’ll tell you what sparky, give me an example in the entire HISTORY of mankind where a nation/country “spent” there way out a recession and remained fiscal for very long. Just one. You also think that companies aren’t spending their cash reserves. Didn’t you read about Kodak in the article? Cash position is DOWN 667 million since last year. How many other companies are in the same boat?

      Report Post »  
    • Stoic one
      Posted on September 21, 2011 at 1:20pm

      ENCINOM

      Jobs plan? More govt spending? Both of those require TAXPAYER dollars. You cannot “tax the rich” because that simply raises prices. Been to a grocery store lately? Regulation and taxes that are not income tax nor sales tax are forcing prices to escalate. If you cannot or do not see this YOU do not do the purchasing / spending in the house.

      Report Post » Stoic one  
    • Enciloon
      Posted on September 21, 2011 at 1:44pm

      I think i misspoke earlier. I need higher taxes to support my unemployed lifestyle. Of course, higher taxes for the wealthy would not help the overall economy, but it would help me. Are you guys that selfish that you don’t want to help me? I do not like to work and it is my right to live as lavish as I choose despite that fact

      Report Post »  
    • deacon01
      Posted on September 21, 2011 at 1:45pm

      Encinom… I would suggest you go online and take a basic “economics” class before you vomit anymore nonsense and further embarras yourself. Ignorance is simply a “lack” of knowledge. Having the knowledge with no abillity to apply practical “common sense” thinking to that knowledge would be called “STUPIDITY”. I fear you fall in the latter category.

      Report Post »  
    • encinom
      Posted on September 21, 2011 at 2:30pm

      The issue is not the debt. The issue is unemployment. corporations are not hiring. GOP is laying off workers, increase the unemployment roles and decreasing the numbe rof spenders in the market, no job, little money can’t pay mortgage, not spending extra, etc. It took the massive WWII spending to end the Great Depresion. Employment and the middle class grew under Ike, when he started a large public works program, the interstate highways, also the highest tax bracket was nearly triple what is today. Higher taxes under Reagan did not stop the recovery in the 1980s, nor did the higher tax rate in the 1990′s stop the growth of the economy.

      The Blazers here have fallen for a lie. Tax rates under W. were sunk to levels so low as to be unsustainable. raise the limits to the 1990′s and you would see a reduction in the debt. Additionally, the problem is the unemploymnet rate. Corporations didn’t hire under W. with the lower tax rate, teh government needs to step in with public workers programs and get money back into circulation. Increase the number of going paying construction jobs, begin to order from cement and steel suppliers.

      The Tea PArty’s “plan” is to do nothing except read your bibles and call the unemployed lazy.

      Report Post »  
    • Jim in Houston
      Posted on September 21, 2011 at 2:52pm

      encinom: You really, really have to stop smoking that crap. You get more incoherent with each stupid post. Would you like me to explain what incoherent means? I seriously doubt if you know.

      Report Post »  
    • encinom
      Posted on September 21, 2011 at 2:57pm

      Jim in Houston
      Posted on September 21, 2011 at 2:52pm
      encinom: You really, really have to stop smoking that crap. You get more incoherent with each stupid post. Would you like me to explain what incoherent means? I seriously doubt if you know.
      _________________________
      In simple terms so that a Texan can understand,

      The problem is unemployment, not the debt. Need to spend money to hire workers, not layoff current govenrment workers. Corporations are not spending money, the Government needs to .

      Report Post »  
    • deacon01
      Posted on September 21, 2011 at 4:24pm

      enci guy… “limited” (key word) ..government, de-regulation from government is one factor that would ignite companies to hire more people. You obviously have never been responsible for making a payroll… I have. By the way, if you consider the “debt” we’ve incurred in this country as “NOT” a problem… you are dilusional at best. Finally, if all you have is “bible reading” as a criticism for the “Tea Party” we’re obviously doing well. Furthermore, if realigning ourselves with the fundamentals of the constition (debt being sort of a dirty word to our founding Fathers) disturbs you in any way… I would suggest you go to your bathroom, lock the door, and take a really long look at the person staring back at you… maybe you’ll figure some things out, but… you probably won’t.

      Report Post »  
    • Sondra
      Posted on September 21, 2011 at 4:43pm

      yip over regulation & spending along with Obamas money printing business putting us on the edge of hyper inflation are going to be our downfall. Thanks O for sending 2 billion of our tax money to Brazill to pay them to drill in the same spots that you told our people we couldn’t drill and put thousands of Americans out of work while paying the big bucks to the Brazilian workers. Big thumbs up to O for making us look like idiots with his lack of experience in foreign policy. The world is laughing at us and China is loving us for the unfair trade agreements you have allowed to happen. Plus they are happy to take over our role as a wealthy Capitalistic country while we take their former spot as a miserable socialist regime.. thanks O for all these blessings.

      Report Post »  
    • tifosa
      Posted on September 21, 2011 at 6:13pm

      Just not true “over-regulation kills jobs.” While there may be a bit of job-loss, it opens up entire venues of new opportunity, new technology. Encinom is right.
      http://news.opb.org/article/overall_do_regulations_really_kill_jobs_not_so_much/

      Report Post » tifosa  
    • encinom
      Posted on September 21, 2011 at 7:40pm

      The problem we have today is not the debt, the problem today is jobs. We need jobs, we can worry about the debt tomorrow. The Tea Party’s fetish with the national debt, is like a doctor more concerned with a broken arm, while the patient is suffering from a heart attack.

      Actually, the found fathers ran up a hugh debt, it wasn’t until Andrew Jackson that the debt was brought down to zero.

      Report Post »  
    • jimbo999
      Posted on September 22, 2011 at 4:14pm

      Do you think the government should spend even more money. They just spent about 2 trillion dollars to create ZERO, 0, zilch, nada jobs. Now Obama wants to spend 1.5 trillion more. The definition of insanity is “doing the same thing over and over and expecting different outcomes each time”. Every family in the country owes 85,000 dollars just to pay the interest on what was borrowed. The Obama plan will increase that to 125,000 dollars. I don‘t know about you but I don’t have anywhere near that much money to spare.

      Report Post »  
    • Disneyfan
      Posted on September 22, 2011 at 6:44pm

      Ecinom is in need of the free government health care system. Is mental care included?

      Report Post »  
  • NuffSaid
    Posted on September 21, 2011 at 7:58am

    FOX should give Peter Schiff the 5 o’clock hour, one day a week. This 22 min video is a must for anyone needing to understand how to talk to liberals about the economy. You will not be disappointed.

    http://nation.foxnews.com/peter-schiff/2011/09/20/ceo-blows-away-congressional-hearing-i-was-fined-hiring-too-many-people

    Report Post »  
    • jim
      Posted on September 21, 2011 at 8:15am

      Here, here.

      Report Post » jim  
    • UnreconstructedLibertarian
      Posted on September 21, 2011 at 8:32am

      I absolutely agree on Schiff being given a regular spot on either Fox Business or Fox News.

      Actually, I’d prefer Fox Business – as I don’t watch Fox News Channel at all anymore.

      FBN has Judge Napolitano and Lou Dobbs – Schiff would be a fantastic addition!

      Report Post » UnreconstructedLibertarian  
    • donflow
      Posted on September 21, 2011 at 8:56am

      Amen !!

      Report Post »  
    • macpappy
      Posted on September 21, 2011 at 9:26am

      I think that Fox has been told ot tow the line. Have you not noticed; how just before Glenn left Fox started with the softball interviews, and only telling the same news as CNN, AP, and the other lame stream shows.
      I still watch Fox because the other stations are so blatantly biased, but Fox is not the conservative alternative that they used to be.

      Report Post » macpappy  
    • louise
      Posted on September 21, 2011 at 9:42am

      Love Peter Schiff

      Report Post » louise  
    • AisA
      Posted on September 21, 2011 at 12:46pm

      Excellent – Peter wrote a book – Why an economy grows and why it crashes – it is a short and easy read. I would recommend it for boths kids and adults. As for becoming a regular on Fox, I agree, he can take The Five slot, or just exchange him for socialist. The program would double its viewership overnight!

      Report Post »  
    • sambachico
      Posted on September 23, 2011 at 2:29am

      Schiff nailed this. All blazers here should see this. One of the best quick explanations without a bunch of rambling on how/why the government is destroying the economy rather than helping it. Speaking of education – is the educational system not part of the problem? Do the boobs like Paul Krugman who is a so called economist not pander to putting more impedements in the way of businesses? I think it‘s just so basic once you read Schiff’s work and listen to his logic. Government can always print money and add to the debt load w/ B.S. jobs that are completely 100% unsustainable. The private sector can create jobs that are 100% sustainable that do not contribute to the debt. If employers do not want to hire an employee, then they believe the employee adds less value than what the employee could contribute to the business. It’s that simple.

      Report Post » sambachico  
  • Skutt
    Posted on September 21, 2011 at 7:53am

    America will survive, perhaps not exactly as we know it but it will survive and still be the best country on earth. Freedom and liberty are ideas that cannot simply be swept away by destroying the economy. We are resourceful people and we can adapt. Our best move right now besides making sure we and our families are taken care of is to get rid of the grossly over bloated federal government. We still need and always will need a federal government but not even close to what it is today. When we work with our neighbors, do business with our neighbors and help each other we will still prosper. Don’t forget to include god and biblical principles as of top most importance too.

    Report Post »  
    • Future Hope
      Posted on September 21, 2011 at 8:00am

      You have a positive perspective my friend. The thing that really freaks me out is that there are 40% of the people that may vote democrat and feel that everything is just fine. I’m just wondering what the bottom will be.

      Report Post »  
    • NC1
      Posted on September 21, 2011 at 8:37am

      Skutt I agree. After reading doom and gloom headlines every day the only thing that keeps me positive is knowing that the people of this country still have the ability to change things if they don’t like it by voting out the people who have made a mess of things. It’s going to get better. It can get worse but it will get better.

      Report Post » NC1  
    • amagaux
      Posted on September 21, 2011 at 12:03pm

      No, America has come of age. We are no longer the unruly musclebound kid ready to kick ass. We have become the middle aged nation ready to take a backseat to other strong nations…China, Brazil, and several others standing in line. Nothing to worry about, but we need to adjust our thinking and aspirations. At least we are not yet a third world country, no matter how hard Obama tries. Look at histry of the leading nations and how they eventually fell into line as a backseat nation: England, Spain, Germany, etc. Our turn………

      Report Post »  
  • tifosa
    Posted on September 21, 2011 at 7:51am

    Capitalism.

    Report Post » tifosa  
    • jim
      Posted on September 21, 2011 at 8:26am

      As opposed to fairy dust socialism? Obama has implemented over 6000 new regulations and 180 million new lines of legal restrictions that constrict job creation. Smoke some more crack. That‘s probably all the business that’s left in your neighborhood.

      Report Post » jim  
    • 13th Imam
      Posted on September 21, 2011 at 8:56am

      Democratism, Socialism, Communism, Progressivism, Liberalism, DEMOCRATISM

      Report Post » 13th Imam  
    • tifosa
      Posted on September 21, 2011 at 6:23pm

      No, the good part of capitalism, right? Obsolete products for the most part. Keep up or drop back then out. Over-regulation? Where?

      Report Post » tifosa  
    • Chuck Stein
      Posted on September 23, 2011 at 2:19am

      @ Tifosa
      One example of over regulation: EPA stopping oil production in the Arctic Ocean when the wells are already drilled. Another: Vermont Yankee shut down because of onsite SNF in dry casks. These are just things I have read about — not like I am even in the industry. Clearly, there are plenty of other instances.

      Report Post »  
  • Al J Zira
    Posted on September 21, 2011 at 7:44am

    Can anyone explain how this man remains in office? There has to be some way to remove this clown. Where’s the brain-trust on this?

    Report Post » Al J Zira  
    • Miguelito
      Posted on September 21, 2011 at 7:56am

      The prez is accomplishing what he set out to do…destroy the American Way!!

      Report Post »  
    • 100 Million Patriots Standing
      Posted on September 21, 2011 at 8:27am

      We may have to wait it out……as congress is very unlikely to impeach…..

      however;

      even if Hillary or another Dem runs and wins, or even a Rino republican; we are likely to continue in the road to diminished freedom…..The CFR most often hand picks our candidates and then ultimately the presidency…..After that they also place CRF members in a multitude of other positions within the government, including congress.

      In a very real way the CFR (Council on Foreign Relations) is the machinery behind it all.
      Sure the Bilderbergs and Trilaterals and Club of Rome, and Committee of 300 have their part and they all work in comradship. But in the big picture it is the CFR that is the most visible and front line influential.

      Want to see whom they support, just follow the language of the Media, particularly those people in the media who are also TV pundits. Including Fox……

      This time it is crucial to elect a non CFR person. (if that is even possible).

      and one final thing…has Fox news ever done an expose’ on these organizations such as the CFR? ? ?

      maybe because Rupart M. is a member……. does not want to rat out his own….

      Report Post » 100 Million Patriots Standing  
    • Juan Gault
      Posted on September 21, 2011 at 2:59pm

      Vote!

      Report Post »  
  • TheOracleOfTruth
    Posted on September 21, 2011 at 7:39am

    So this is unexpected? Quite the contrary, our gov’t is spending like drunken sailors, and into oblivion we go!!! Strap on the seatbelt, things are now going to accelerate MUCH faster now, just like water down the drain. If all of this was bad enough, I urge you folks to do a bit of research:

    ELENIN & Nibiru – go to google or youtube and do a search – it will blow your mind. I am not saying it will be the end of the world, but I do not know, I am no rocket scientist. NASA and our gov’t are not telling us anything about this comet and/or brown dwarf star entering our system. Scarey as heck, I know, but the truth is out there somewhere. Let me know what you all think. God bless you all and stay safe!

    Report Post »  
    • encinom
      Posted on September 21, 2011 at 10:24am

      Your tin foil hat is on a little to tight.

      Report Post »  
    • chicago76
      Posted on September 21, 2011 at 10:32am

      Totally agreed. Look at a debt rise chart. The next step is ten trillion. The debt is now rising geometrically.

      Report Post »  
  • derekcranex
    Posted on September 21, 2011 at 7:39am

    Stop the whining! Are your kids spending hours playing computer games each day instead of studying hard like the Chinese counterpart is doing? Guide your children to be well-rounded talented and highly educated individuals and they will have no problem. Oh, and protect them from the distractions that others will foist on them — especially the drugs.

    Report Post »  
  • faires
    Posted on September 21, 2011 at 7:36am

    Need vs Want, two entirely different things._Tax, Regulation, Inflation is through the roof!
    ($13.99 for Large Can of Coffee<Really???

    Wheres all those folks who said it can't happen here????

    Thanks Washington, ya drove Manufacturing & Industry off shore or out of business, keep firing up that printing press baby, yeah we need more inflation, drive a few more business's under!__Way to Go Washington_ your my frIggIn' HERO!!!__(Tougue in cheek)

    Report Post » faires  
  • Thevoice
    Posted on September 21, 2011 at 7:36am

    Best buy …Poor earnings…What the hell is their rent on some of the stores .You look at the commie states like Illinois for example what’s the property taxes for one of those stores and then the light bill water and on and on … Then you got 50 places all selling the same made in China junk …And another 500 on the Internet selling it, Then on top of that you have a public going into like what 40 50 thousand debt for a car ..O there will be a crash …and a loud one ….

    Report Post » Thevoice  
    • macpappy
      Posted on September 21, 2011 at 9:42am

      You are correct. When, this crash comes you have to be ready; If you have ever had to evacuate for a hurricane, or other disaster then you know how fast things can go South. I imagine that soon inflation will skyrocket, due to a downgrade in the US dollar as world standard. When it happens, you better be ready to supply your family with at least a month of food, fuel, and water. When it settles, you will be unemployed, your savings will be worth nothing, and your ceditors will still want those payments made. So be ready…..get out of debt, stock water and MRE’s (it takes 2 1/2 gals. of water to flush a toilet. get a generator, with fuel store, because fuel trucks will not be running for weeks if not months. Arm yourself, tend your own, be ready to help your friends….you will need them.

      Report Post » macpappy  
  • Bill Rowland
    Posted on September 21, 2011 at 7:34am

    I really hate to see Kodak in trouble I got my first camera in 1953, a Brownie Hawkeye. In my film cameras I still prefer Kodak film and would hate to see them go under (I still have the Hawkeye and if film was available it would still work.
    This is another example of what the economy is doing to a lot of businesses. No one has the extra money for what most of use consider nice to have but not essential.

    OMG – Psalm 109:8

    Report Post »  
  • ThankYouFounders
    Posted on September 21, 2011 at 7:33am

    These companies failed to adapt. Their shortcomings are mutually exclusive to the overall economy. This is the way a free market is supposed to work. As a poster said earlier, Best Buy is still asking $30 for a standard USB cable that I can buy at Walgreens for $12. Improve your product so the market place wants it and offer a market driven price – or watch three of your competitors succeed while you fail. That’s the beauty of the free market – the consumer gets to pick and choose which product and which price best suits their needs and wants.

    Report Post »  
    • 13th Imam
      Posted on September 21, 2011 at 9:02am

      Our FREE market has Washington‘s hand in it’s back pocket.

      Report Post » 13th Imam  
  • Dakotagal
    Posted on September 21, 2011 at 7:25am

    I don’t think we can afford another 14 months of Obama and his czars! If the Solyndra debacle is just the tip of the iceberg, God help us! I heard last nite on Fox that the staggering sum guaranteed by taxpayers to Solyndra was more than the feds paid to 36 states for support of their infrastructure. No wonder the states are in such a cash bind! The corruption and waste in government was already on cruise control before Obama came in; now it is a death spiral that will take us all down, which of course was Obama‘s handler’s plan all along! Can’t we impeach the bastard? I am deadly serious. 14 more months of this? We are already almost out of time.

    Report Post » Dakotagal  
    • chalkdust
      Posted on September 21, 2011 at 8:27am

      Might I offer a little hope? I think you could use it. Tough times in America have come and gone to be sure like the great depression and WWII rationing. We got through it. We will make it this time as well. No doubt their is a reshaping of America in process and it seems we are powerless to stop it. But I think we must not forget the indelible spirit of Americans of past.
      The President is no leader to be sure and this in part is one of the reasons for our predicament. We must lead ourselves. If confidence in Government were not so low we would not be in nearly the straights we find ourselves. So we must have confidence in each other. When Washington does not provide, we provide. It is sad that we look to Washington for our individualism. And trying to do battle with an invisible enemy (elites) that you can’t be sure is there is madness. Is their some grand global conspiracy to control or destroy this country? Maybe, but it seems to me we should focus on things that are in our control as individuals. Its a fools errand to go chasing black helicopters and people in the shadows. The real power is with the individual. What you can do to change your life no shadowy figure can take away.
      Don’t be Eore or Pollyanna.

      chalkdust  
  • HowardSternIsABigot
    Posted on September 21, 2011 at 7:18am

    Its the elephant in the corner. Always wondered how a Hitler or a Stalin managd to get in power. Its hard to see while watching it up close. USA great because it briefly cast out the BigEvil and ran individualim to the heights. New world orrder is the old world order regrouping to eliminate freedom loving people. IMF is the key, last holdouts now falling. Every aspect of life has been monitized thanks to feminism, every second is taxed and everything requires money, lots of it. EVERYONE MUST WORK AND PAY TAXES. so sad.

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  • Carol Ingian
    Posted on September 21, 2011 at 7:16am

    I’m not surprised these companies are losing money. With the economy being what it is, people have to choose to spend money on what they need, versus what they want.
    I really hope that our options are not reduced to having to rely on Walmart….
    Then China will really own us.

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    • drybackinpi
      Posted on September 21, 2011 at 7:22am

      You needs to wake up, except for a few folks like y’all, we‘re already there and with BHO and the leftists in control you’ll be shopping with the rest of us soon.

      Report Post » drybackinpi  
  • welloddyfriggindah
    Posted on September 21, 2011 at 6:57am

    Who‘s hope and who’s change??? The globalists…and they are NOT failing. They are succeeding. Their win is Liberty’s loss; OUR loss. Are Republicans dupes or complicity?? If we wait for that to be answered it may be too late…I don’t know what that suggests, but I don’t like it.

    Report Post » welloddyfriggindah  
    • derekcranex
      Posted on September 21, 2011 at 7:30am

      Change will always take place. The secret is to adapt to the new conditions. These companies and many others that have not and now face liquidation. This principle applies to individuals. Milkmen, buggy-whip artisans and icemen are extinct. Move on.

      Report Post »  
  • TxMadMac
    Posted on September 21, 2011 at 6:55am

    It takes a bustleing economy to keep these types of businesses afloat and obama along with the regulations to strangle businesses that cass susstein wrote is taking them and America down. The usps is all union related expenses and obama is soooo pro union. Really folks, we need someone else in office to undo all of the damage he has caused to get this nation back on it’s feet.

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  • endgamer
    Posted on September 21, 2011 at 6:48am

    First of all, commerce as we have known it is done. Big box stores and their overpriced products have caused savvy shoppers to stay away.. Best buy example.. 6′ USB cable $30.00. 30.00??? I can buy 5 cables just like it on Ebay or other online stores delivered to my door for that price. I do most of my electronics shopping on line and YES we are steering away from big box to internet and mom & pop. Newegg.com is where I do my computer and electronics shopping. Not a one stop shop and not always the best price but 95% of the time they have the best product at the best price.
    HP is getting out of the pc business. WHY?? Because of Windows XP computers are being used longer!! I recycle old DELL computers and other brands. I can get wholesale lots of good PC‘s that will serve many people that couldn’t afford a PC otherwise on the cheap. The post office does a great job with parcels now but delivering the mail? Kodak saw it’s demise with the digital camera and people associated them with film not cameras..Cisco made the best products used in data centers. If you are cisco certified you make good money! In essence, competition and the market conditions will mean the demise of these companies of they do not change the way they do business.

    Report Post » endgamer  
    • Erabin
      Posted on September 21, 2011 at 7:08am

      Yup. It’s a combination of how capitalism is supposed to work (adapt to your market or die), the unwillingness of large companies to change (”What worked twenty years ago must still work today! What do you mean, in-tah-net?”) and capitalism obviously forgetting that, in order to sell their goods, they need lots of regular people with money in their pockets which they themselves have been taking away by reducing wages.

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    • Snowleopard {gallery of cat folks}
      Posted on September 21, 2011 at 7:20am

      Indeed the true free market capitalism demands you innovate, adapt and change to the demands of the customers and the market, and find the new trends before others do; or get out of the way and pass into the night like the dinosaurs did.

      Mind you too, having a government administration bent to the destruction of our economy and our businesses does not help at all either — they want absolute control over everything, via shutting them down for small business or via the unions in the largest ones, until they are fully owned and run by the Fed’s.

      Report Post » Snowleopard {gallery of cat folks}  
    • macpappy
      Posted on September 21, 2011 at 10:36am

      HP is getting out of the PC business because technology is getting out of the PC business. The old computers you are talking about, will be as useful as a typewriter is now in just a few years. Have you noticed that processor developement has reached a pennical, and now the race is to become smaller, for pads, phones, and televisions. Get used to the “Cloud” it will take the place of your hard drive. You won’t have a choice in the matter, it is how it will be.

      Report Post » macpappy  
  • danenut6
    Posted on September 21, 2011 at 6:44am

    Well 2 of these I have never heard of. . . and I think I am fairly well read. I will tell you that we had our local Wendy’s go out of business. (In Brenham Texas, a college town) and I have seen about 4 gas stations go under in Giddings Texas (major hwy 290 runs right through it) Though I feel for any business right now I implore every one that IF you need to do business please TRY to do it with a small business. The mom and pop stores, the little print shops, the boutiques and such. Remember that the chain restaurants in your small town are owned by people in your town not a corporation. Suport the little people. And FRANKLY The post office should not be on this list. . .it is not a buisness and HP and Nintendo are the only ones I have used in the last 10 years. My oldest is now 20 and can get his own entertainment and HP makes CRAP products.

    Report Post »  
    • NuffSaid
      Posted on September 21, 2011 at 6:50am

      You are right on the money Dane. My best hopes for Blue Bell, partner.

      Report Post »  
    • danenut6
      Posted on September 21, 2011 at 7:52am

      HA!! Bluebell is doing quite well though they have recently put their little pints on sale 3 for $5. . . lol

      Report Post »  
  • Cat
    Posted on September 21, 2011 at 6:41am

    De-fund the federal government and buy stock in funeral homes.

    Report Post » Cat  
    • RepubliCorp
      Posted on September 21, 2011 at 7:02am

      Good idea! federal government workers wouldn’t be able find a job that they could screw-off all day. And a slow death for them sounds good to me……. The TSA, IRS and EPA could be first to go

      Report Post » RepubliCorp  
    • VApatriot2
      Posted on September 21, 2011 at 7:55am

      Because you associate big money with big government, shutting the government down so ALL government workers will get a taste of what it’s like to be out of a job is nonesense. The breadwinner in my family is a civil engineer and is employed by the Dept. of the Navy. He works his butt off daily seeing to it that civilian contractors are not ripping off the “government” by excessive charges and overrides that inevitably comes out of your pocket AND our pocket. He takes a change of clothes with him everyday because he knows he will have to do site work and many times I’ve had to wash the mud and grime out of his clothes. Cushy job? Not hardly. Many of the government employees you suggest putting out of work are honest, hardworking people trying to support a family. Their jobs are in jeopardy every September when it’s time to pass a BUDGET, which Congress has failed to do for the past 2.5 years. If you’re so hell bent on putting federal employees out of work, why not start November 6, 2012? I could name a thousand without hesitation that need to be “UNEMPLOYED”!!

      Report Post » VApatriot2  
  • Cap8tain
    Posted on September 21, 2011 at 6:36am

    What to do, where to go to next. It’s almost impossible for the decision makers at larges corporations to implement business plans when information is not available. ie; The economy and government regulation. Hope and Change has killed the leading industry companies.

    Report Post » Cap8tain  
    • mikem1969
      Posted on September 21, 2011 at 6:50am

      You said it. And if the non-jobs bill passes, it is set to send the economy into its final death spiral along with steal states rights. This has been the liberal progressive plan all along, destroy AMERICA by killing the economy and causing class warfare.

      Report Post »  
  • NuffSaid
    Posted on September 21, 2011 at 6:31am

    Would be nice to see the US Postal Service take lead here. Based on the vision of a nation’s founder, what a coup is these men and women could pull together and save the institution?

    Greed, distrust, class hatred will hamper every move in this department.

    USPS management is so isolated and has been so dependent on their rewards on how successful the Unions are in their negotiations. Postal Managers not directly involved in negotitation, stand outside the door, rubbing their hands with delight at each concession upper management makes. For every gain the unions make, the management staff get the equivalent or better. Obviously, this is not an efficient system.

    The unions are no longer made up of postal workers but have been thoroughly infiltrated by professional organizers, ala obama. The unions have no interest in the need of the public, though this is not true of the members.

    Corruption, in the technology they purchase, is undisclosed but obvious. Huge costly machines are developed, designed installed and obsoleted in 2 or 3 years as some new bureaucrat, “connected guy,” comes on board.

    The fate of the USPS is dependent on the character of the people who inhabit the positions. They will fail or succeed on their own. Either the workers themselves will figure out how to add value to their customers lives or they will circle the wagons an tell America to “Take a number.”

    I wish you well, APWU, NALC, NAPS and USPS.

    Report Post »  
  • obama-mecca-me-sick
    Posted on September 21, 2011 at 6:30am

    Obama’s bankrupting of America is going just as planned !! Isnt this what George Soros said is so much fun to watch.

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  • cosette
    Posted on September 21, 2011 at 6:28am

    If something isn’t done soon to stop the bleeding it will be too late. Impeach the imposter NOW!

    Report Post »  
  • saigonpaul
    Posted on September 21, 2011 at 6:26am

    Well lets give credit, where credit is due…………..

    Report Post »  
    • zeakster
      Posted on September 21, 2011 at 6:44am

      usps fate was signed by a republican whitehouse not obamas this one contrary to all your wisdom really is a bush legacy

      Report Post » zeakster  
    • GaryInTheMiddle
      Posted on September 21, 2011 at 7:00am

      And once Obutthead resigns, is impeached or voted out it will be his legacy.

      Report Post » GaryInTheMiddle  
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