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Posts by CutePuppy

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  • Minimum wage hikes sending restaurants the way of the shopping mall?

    01/17/2018 4:38:08 PM PST · 53 of 53
    CutePuppy to Alberta's Child
      I'm trying to figure out why this simple fact can be accepted as the truth when it comes to restaurant jobs, but is not accepted by so many folks even here on FreeRepublic when it comes to manufacturing jobs?

      "If a manufacturing company can't find good workers, they should just pay more!" — common refrain here on FR.

    Yep. Enough to give you a cognitive dissonance, eh? It may be that selective attention paradox is overriding the overall economic sense.

  • Minimum wage hikes sending restaurants the way of the shopping mall?

    01/16/2018 12:56:15 AM PST · 9 of 53
    CutePuppy to OrangeHoof

    When in CA, I’ve seen all kinds of “food trucks” lined up near business areas / buildings, particularly during breakfast and lunch hours. Though I’ve never bought anything from them, I wouldn’t say that the prices are “cheap”, and from what I was told, some of the trucks provide freshly made “gourmet food,” from lobster rolls to specialty burgers or steaks.

    Could be that it beats “brown-bagging it” or waiting in line in cafeterias / sandwich shops / Starbucks...

  • Minimum wage hikes sending restaurants the way of the shopping mall?

    01/16/2018 12:31:28 AM PST · 8 of 53
    CutePuppy to Yaelle
      Robots. Restaurants might stay, but restaurant jobs are going. Busboys are already nearly gone in CA.

    Yep, it's happening.

    Red Robin eliminates bus boys as restaurants combat minimum wage hikes - FBN, by Brittany De Lea, 2018 January 09

  • Minimum wage hikes sending restaurants the way of the shopping mall?

    01/16/2018 12:02:54 AM PST · 5 of 53
    CutePuppy to ProtectOurFreedom
      Why go to a movie theater when you can have your own private home big screen with content streamed to it?

    Exactly. Last time I paid for a movie theater ticket was in 2000... though attended couple of times for special previews by invitations to corporate or business events (not the setting I usually enjoy). I definitely prefer "home theater" experience.

  • Walmart plans to cut more than 1,000 corporate jobs

    01/15/2018 11:48:11 PM PST · 9 of 35
    CutePuppy to 867V309; cba123; montag813; Governor Dinwiddie; MrEdd
      a class taught by the dean of the psychology department...

    I would think the Econ-101 class would be more natural for this kind of knowledge, but you definitely got lucky.

    See also my other post about a wrecking ball of minimum wage on other industries : Minimum wage hikes sending restaurants the way of the shopping mall? - FR / FBN, by Brittany De Lea, 2018 December 15

  • Minimum wage hikes sending restaurants the way of the shopping mall?

    01/15/2018 11:31:47 PM PST · 1 of 53
    The problem for large national chains, in particular, is that an increase in minimum wage (mandatory expense) in some states may force "voluntary" increase in other states, to keep workers from resenting the disparity and joining the "fight for $15".

    Meanwhile, companies like GrubHub (GRUB) are capitalizing on the situation and the technology to provide the consumers the experience of restaurant meal without visiting the physical place where the meal was made. Couple it with comfortable home setting and a glass / bottle of wine bought at significantly lower prices than at restaurant, no hassle of driving, finding parking or paying for valet and/or dressing up... and you have a better, cheaper experience. There are now restaurant/gourmet "kitchens" that have no tables or servers, just doing catering orders by delivery.

  • Walmart plans to cut more than 1,000 corporate jobs

    01/15/2018 9:59:49 PM PST · 1 of 35
    That's in addition to closing more than 60 Sam's Club Stores. Also, corporate jobs usually implies higher-earning, [older] white collar employees. Somebody has to pay for increase in company-wide minimum wage.

    TANSTAAFL - There Ain't No Such Thing As A Free Lunch (Robert Heinlein, Milton Friedman). Not that Walmart (and many other national chains) have much of a choice — quite a few states and/or cities where they have stores / branches increased minimum wage and companies find it difficult to justify the disparity in other places, even though the cost of living there is quite different.

  • Don’t Tell the Hollywood Left, But The Oprah Won’t Be a Nationwide Vote-Getter

    01/14/2018 6:22:41 PM PST · 66 of 66
    CutePuppy to dfwgator
      That's why actors don't give a rip about the US, they make their money overseas for the most part.

    More so studios, producers and directors (when deciding on how to treat content depending on desired / expected distribution venues) but actors also have a lot of independent gigs overseas, particularly in commercials and other promotions.

    "Lost in Translation" (2003) is just one movie that shows it very well.

  • Don’t Tell the Hollywood Left, But The Oprah Won’t Be a Nationwide Vote-Getter

    01/14/2018 6:04:53 PM PST · 64 of 66
    CutePuppy to Dave W
      2017 movies grossed the second highest in the history of the movies. Last year was #1. Hollywood is doing just fine.

    Don't confuse people with the facts. They want to hear that "Hollywood" is doing bad financially (and one or two theater chains are not doing well because of debt, locations, oversupply, competition from streaming and rentals etc.) so that's what they get fed.

    While theater chains have the challenges from technology (rentals, streaming, on-demand etc.) the "Hollywood in general is doing fine &mdash there has never been more "channels" for the content (e.g., Netflix, Amazon Prime, Hulu, any of the 'on-demand' and OTT services and so on) and the amount of the fresh and old content pushed through those channels. And there is also generally larger international audience that in some / many cases brings higher gross (but not necessarily net as marketing and sharing are usually more expensive). And content distribution companies benefit from wider availability of foreign movies, but it doesn't usually count in "Hollywood" gross receipts.

  • Kellyanne Conway: Trump Has 'Discovered' a Physical Wall is Not Needed Everywhere

    01/14/2018 5:01:59 PM PST · 145 of 146
    CutePuppy to Hawthorn; babble-on
      >> The fence is very effective, it's just not finished <<

        Yes, and anybody who has doubts should check with the Israelis. ..... Moreover, the Border Patrol guys will tell you that a fence is better than a wall .....

    Very true. In fact, the money for completing / reinforcing the fence has been appropriated years ago. Also, the more recent drone, satellite, night vision, robotics and other hi-tech developments already available and still in development will allow for much cheaper and far more effective ways to monitor the borders.

    Especially since it's pretty much undisputed (by both parties) that for several years the outflow of illegals from the U.S. southern border has been significantly higher than inflow, partly because of improvement of economy in Mexico and strong build-up of factories, plants and service sector there.

  • Blockchain Tech Is Transforming The Energy Industry

    01/11/2018 4:49:36 PM PST · 17 of 19
    CutePuppy to buckalfa; snarkpup; taxcontrol; zeestephen; oldbill
    "Cloud" is essentially a data storage on the Internet server belonging to you (private cloud), some other company like Amazon (AWS) Microsoft (Azure), IBM, Google, Salesforce, etc. (public cloud) or combination of both (hybrid cloud).

    Blockchain is an entirely different concept - it's an Internet-based, open-source, [usually encrypted] flat DATABASE (called "ledger") which is distributed / replicated among many computers on the Internet for the purpose of keeping records, such as financial or other transactions between parties on the same blockchain network.

    Because it's "flat" and relatively inefficient to access (traverse the records to verify the parties and data to "clear" the transaction) it grows very fast in size and generally provides no benefit relative to regular databases currently in use for such purposes, like various versions of SQL or newer like MongoDB or MariaDB and non-structured DB systems like Hadoop.

    For financial purposes transactions over blockchain could be costly compared to regular debit transactions (with no credit risk) and much slower compared to such as Visa and Mastercard, but it might have limited uses when database is going to have a finite runtime and size, though it still difficult to imagine that it would give any advantage over regular database with transactions that could be encrypted for security if needed. In other words, blockchains have an inherent scalability and processing speed problem which is getting worse as the database / ledger gets bigger with use.

    A few articles explaining advantages and many disadvantages of blockchain, mainly by discussing case use of Bitcoin which is built on it (though not limited to Bitcoin, as some new blockchain systems are trying to improve on certain aspects of Bitcoin blockchain, such as security and speed) :

    Ten years in, nobody has come up with a use for blockchain - CNBC, by Kai Stinchcombe, 2017 December 26

    What Is Bitcoin Good For? - BL, by Megan McCardle, 2017 December 22

    Bitcoin Is an Implausible Currency - BL, by Megan McCardle, 2017 December 27

    There are a lot of excitement around blockchain, especially in financial industry, mostly due to encryption and potentially faster debit "clearance" mechanism, and a lot of experimental small-scale trials among several banks, delivering "proof-of-concept" (i.e., it can work) but it's a long way, if ever, from actually deploying it on a wide-scale commercial trusted system which is generally pretty well served by existing systems, even including anonymity of transactions.

  • Disney Makes $52.4 Billion Deal for 21st Century Fox in Big Bet on Streaming

    12/14/2017 11:18:45 AM PST · 19 of 24
    CutePuppy to Honest Nigerian; Beowulf9; ifinnegan
    Newspapers (like WSJ and NY Post) are not part of 21st Century FOX (NASD:FOXA), which was a spin-off of a News Corp (NASD:NWS) to separate different businesses and capital structures.

    This sale of some assets to Disney (NYSE:DIS) creates a spin-off of an "old Fox":

    "New Fox" keeps: Fox News Channel (FNC), Fox Business Network (FBN), Fox Telvision Stations Group, Fox Sports, sports cable networks FS1 and FS2, Fox Deportes and Big Ten Network (BTN), Fox studio lot in Los Angeles and investment in Roku.

    Disney acquires: Fox film production business (Twentieth Century Fox, Fox Searchlight and Fox 2000) and related film libraries, Twentieth Century Fox TV, Fox Productions and Fox21, FX Networks, Fox Sports Regional Networks, Fox Networks Group International, Star India, and 21st Century Fox's interests in National Geographic Partners, Hulu, Sky, Tata Sky and Endemol Shine Group. Also Sky (UK) when it is expected to complete acquisition in 2018.

    One big catch here is Fox's 30% stake in streaming OTT operator Hulu which combined with 30% already owned by Disney, gives Disney majority control.

    "The spin-off transaction will be taxable to 21st Century Fox, but not to its shareholders. The new Fox will receive a step-up in its tax basis commensurate with the amount of the corporate tax relating to the spin-off that will generate annual cash tax savings over the next 15 years."

  • Mueller's team has not subpoenaed Deutsche Bank on Trump's finances, source says

    12/06/2017 2:22:14 AM PST · 39 of 51
    CutePuppy to barmag25
      Via @JaySekulow lawyer for @realDonaldTrump "We have confirmed that the news reports that the Special Counsel had subpoenaed financial records relating to the President are false. No subpoena has been issued or received. We have confirmed this with the bank and other sources."

    First, if Seculow requested information about subpoena from the Deutsche Bank, the bank would not confirm it received the subpoena and/or production of records, as it likely would be subject to non-disclosure/gag order and therefore illegal. Seculow obviously knows that and relies on the bank's silence to not confirm or deny, thereby creating the impression of "fake news" for the faithful.

    Second, the Deutsche Bank had already refused to provide information about investigation and related documents to Congressional Committee, citing the financial privacy rules (which do not extend or apply to Mueller investigation.) Third, his reference about "other sources" implies that he relied on the much maligned "leaks" himself and therefore doesn't serve him in good stead.

    Fourth, Deutsche Bank may not be the [only] bank / financial institution that Mueller has subpoenaed to request Trump's financial information, as Trump had to rely on several "off-Wall Street" boutique shops to lend him money for projects, since most WS banks and investment firms would not lend him money, given his reputation and history of multiple bankruptcies, defaults, dilutions and tendency to file costly and time-consuming sueballs instead of paying his debts in full.

    Fifth, while they are reluctant current partners on several projects with Trump (including controversial Old Post Office / Trump International Hotel in D.C.) there is no love lost between DB and Trump *:

    * Ref: Donald Trump sued Deutsche Bank to get out of $40 million debt over Chicago property two years after rooting for housing collapse / Deutsche Bank to close almost 200 branches - FR / NYDN / CNBC / Reuters, by CP, Cameron Joseph, Emily Flitter, 2016 July 20

  • GOP regains slight edge in House of Delegates, pending recounts

    11/10/2017 4:11:52 AM PST · 7 of 16
    CutePuppy to Vlad The Inhaler; SMGFan
      Message to McConnell, Ryan and Sessions.

    What "message" is that? That given a 32-seat advantage you can lose 30 seats and still [barely] have a majority?

    That's not a message, that's just math.

  • Poll: Views of Democratic Party hit lowest mark in 25 years

    11/08/2017 2:13:40 AM PST · 21 of 34
    CutePuppy to Kalamata; Oldeconomybuyer; Southnsoul; EQAndyBuzz; Balding_Eagle; 38special; dragnet2
      If this were really true ...

    Apparently, according to the poll, it's at least 96% true (as much as any poll with +/- 3.6% margin of error represents a fluid snapshot of polling reality). It's also 100% irrelevant. Why, you might ask...?

      ... why did Dems just win VA, NJ, and DeCommieBlasio?

    Because you are asked to make conclusions while only having been provided less than half the information needed to make them. Here is some more of the information from the polling data, see if it might change anything (from Poll: Dem favorability drops to lowest point in 25 years - TheHill, by Rebecca Savransky, 2017 November 07) :

      About one-third of liberals have an unfavorable view of the Democratic Party.

      The GOP fares even worse in the poll, with only 30 percent of Americans polled having a favorable view of the Republican Party. That's compared to 61 percent who have an unfavorable view of the GOP.

      Forty-one percent of conservatives have an unfavorable view of the Republican Party.

      Forty-two percent of independents have an unfavorable view of both parties, according to the poll.

      A majority of Americans, 51 percent, think it's not good for the country that Republicans control Congress, compared to 38 percent who think the opposite. <>ul>

    Hope it helps clear up a few things.

  • Three Green Berets killed, two wounded in Niger ambush

    10/05/2017 8:29:28 PM PDT · 43 of 44
    CutePuppy to TheConservativeTejano
    We are buying their uranium hopefully.

    Most of the uranium in Niger is mined, exported and paid for under contract with Areva corporation subsidiaries Somaïr and Cominak.

    Areva Group builds nuclear reactors and supplies uranium to EdF (France Electricity corporation) which provides 80%-90% of France's electricity, depending on loading methods, necessity and time of day.

    French government, through various agencies, owns 90% of Areva and 85% of EdF. Kuwait sovereign fund owns under 5% of Areva.

    Our small (but growing) military contingent in Niger helps make sure that uranium doesn't fall into the wrong hands, as well as help check insurgent and terrorist groups, in the area, the best known of which is Boko Haram, which has been responsible for increasing number of attacks recently.

  • Three Green Berets killed, two wounded in Niger ambush

    10/04/2017 6:59:53 PM PDT · 37 of 44
    CutePuppy to piasa; TheConservativeTejano

    Uranium constitutes almost 75% of Niger’s exports.

    Niger was Ambassador’s Joseph Wilson’s (husband of “secret agent” Valerie Plame Wilson) former post and subject of his “investigative” trip and infamous report about talks between Iraq and Niger about possible purchase of uranium.

  • Anthony Scaramucci's wife files for divorce over Trump support:

    07/30/2017 8:01:03 PM PDT · 138 of 138
    CutePuppy to CutePuppy
    Correction: She just gave birth to their second son, he has another child from his first marriage.

    Also, she has been a VP of Investor Relations in his hedge fund, SkyBridge Capital that he just sold to a US subsidiary of shady Chinese financial conglomerate HNA Group (pending expected approval from US agency), so she might have some dirt which he may not want to come out.

  • Anthony Scaramucci's wife files for divorce over Trump support:

    07/30/2017 7:49:24 PM PDT · 137 of 138
    CutePuppy to napscoordinator; COUNTrecount
      He better have learned his lesson on marriage and put an iron clad prenup.

    He probably does but there is no such thing as an "ironclad" prenup, even if it's a "Massey Pre-nup" in the "non-community property" NY state.

    Though most of his assets predate their marriage, they were much smaller in 2014 when they got married (began dating in 2011), they have two young children and she is 9 month pregnant with their third.

    Like another hedge-fund manager, Martin Shkreli, Scaramucci is not exactly an endearing personality, despite fake outward "charm" which Shkreli lacks. His new high-profile status and latest profanity-laced interview will not be helpful in the divorce court and the court of public opinion. Expect that besides the divorce settlement, alimony is going to be very substantial and for a long time.

  • Anthony Scaramucci's wife files for divorce over Trump support:

    07/29/2017 11:22:56 PM PDT · 134 of 138
    CutePuppy to lewislynn; napscoordinator; nickcarraway
      Nickcarraway thinks Trump is a liberal too.

    Well, The Mooch was a donor to John Kerry, Hillary Clinton, and donor and big fund-raiser for Obama (before sidling up to Mitt Romney, Scott Walker, Jeb Bush and, finally, Trump) and according to his speeches and numerous tweets (now scrubbed, so they "wouldn't be a distraction" ) he is an adamantly open-border, pro-choice, anti-gun rights, pro-LGBTQ "rights", pro-gay "marriage", promoted man-made global warming / climate change hoax...

    Otherwise he can pass for your basic "charming" rich moderate "new Republican" chameleon who can't hold liquor and his mouth in check.

    He scrubbed his tweets but they still "live" elsewhere on the Internet for everyone to see.