Walmart, JC Penny Down, growth @ 0.1%, New Cars out of Reach and Salries too low
2013 Feb 28, 2:48am 5,856 views 14 comments
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Amazing how the payroll tax cut not being renewed by the Repukes is destroying Walmart
I'm sure the payroll tax cut will be re-introduced soon!
The 2% pay cut to most working families due to the payroll tax raise is percentage-wise exactly the same as the Sequester Monster's 2% cut into the federal budget. I wonder why the bureaucrats are not taking a 2% salary cut each, and be done with it.
ELC
@
2013 Mar 2, 10:44am
the oligarchical collectivist police state is telling the lemmings to consume. Recklessly.
If you need seven seats was it they who told you to breed as well? Recklessly.
boo fucking hoo
are Walmart and JCP too big too fail?
Walmart can go frak themselves. They are "THE" worst retailer out there.
White House official: Obama to tap Walmart exec as budget chief
CBS News - ‎5 hours ago‎ - Sun Mar 3 2013
WASHINGTON President Barack Obama on Monday will nominate Walmart's Sylvia Matthews Burwell as his next budget director, a senior administration official said.
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New Cars out of Reach for More Americans
http://finance.yahoo.com/news/cars-increasingly-reach-many-americans-145957880.html
Looking to buy a new car, truck or crossover? You may find it more difficult to stretch the household budget than you expected, according to a new study that finds median-income families in only one major U.S. city actually can afford the typical new vehicle.
US Economy grew 0.1% in Q4
http://www.marketwatch.com/story/us-economy-grew-01-in-fourth-quarter-2013-02-28
J.C. Penney Lowest Sales in Decades
http://www.bloomberg.com/news/2013-02-27/j-c-penney-posts-wider-fourth-quarter-net-loss.html
J.C. Penney Co. (JCP) slid the most in more than three decades after the department-store chain lost $4.3 billion in sales in the first year of Chief Executive Officer Ron Johnson’s turnaround plan.
Wal-Mart Struggles to Restock Store Shelves
http://www.bloomberg.com/news/2013-02-27/wal-mart-s-slowness-stock-shelves-worsens-as-sales-stay-s.html
Wal-Mart's inability to keep its shelves stocked coincides with slowing sales growth. Same-store sales in the U.S. for the 13 weeks ending April 26 will be little changed, Simon said in the company’s Feb. 21 earnings call.
The 14 Potential Causes of the Income Slump
http://economix.blogs.nytimes.com/2012/08/20/the-14-potential-causes-of-the-income-slump/
Why has median household income just endured its worst 12-year stretch since the Great Depression.
Seems that things aren't as Rosy as market suggests.