Archive for the ‘Incisive financial analysis’ Category

Oh, eat me

April 20, 2021

“No one wants to work anymore.” And yet somebody posted this sign at a place of business. ’Ees a puzzlement, to be sure.

Here’s an interesting story. Not “interesting” in the sense that it was solidly reported, written, and edited, which it was not. Interesting in that it calls into question the business model of the fast-food industry.

The story — headlined “We’re competing with unemployment” — focuses on the hiring problems that outfits like Fresquez Companies, Twisters, and Sonic-Inspire Brands are having locally in Year Two of The Plague®.

Back in the day, when newspapers still had copy desks, a cynical old rim rat might have wondered at some volume whether the corporate types quoted in the piece had coordinated their tales of woe.

Says one: “Why would anybody want to, I guess, start at a minimum-wage job when they can be earning more money … on unemployment?”

Adds another: “People are making a lot more money being unemployed than employed, and the world is coming back to dine-in and eat-in a little bit at a time, so the stimulus really paused people applying to jobs.”

And a third: “I think it’s pretty easy to connect … unemployment benefits to it. I think a lot of us feel like a lot of people have chosen not to go back to work yet, because they’re still receiving the benefits.”

Well, shucks. It makes a man’s eyes damp, for sure.

My first question was, “How many of these struggling companies have received SBA Paycheck Protection Program funds or some other form of governmental assistance to make ends meet in these troubled times?” The story doesn’t say.

Nor does the reporter speak with any current, former, or potential employees. The one nod to working people came in a quote from OLÉ Education Fund executive director Matthew Henderson, who said: “Essential workers have risked their lives to keep New Mexico running during the pandemic. Some have decided, however, that the risk to their family’s health is not worth the poverty wages and lack of benefits that many employers offer. Don’t fault workers for refusing to be exploited.”

When I was young and even dumber than I am now, I briefly dated a single mom who availed herself of the various forms of governmental assistance to be had at the time. She was always strapped for cash, and since I was young and dumb, I asked her why she didn’t just get a job.

She explained patiently that the kind of job she would be able to get wouldn’t begin to pay the bills, much less the cost of child care while she worked. So she chose to keep jumping through the hoops of public assistance and raising her child. Damned if you do, damned if you don’t.

How many potential recruits for the Paper Hat Platoon have decided to stay home, collect assistance, and help their kids navigate remote learning with the goal of giving them a future that doesn’t involve pitching greaseburgers through windows at the Duke City’s drive-thrus? I mean, you don’t need a Ph.D in Google Search to find horror stories about the life and times of the fast-food worker.

I suspect this story may have had its roots in the photo above, posted on Twitter by a local TV reporter. Snapped at a local Sonic, it shows a sign reading: “We are short staffed. Please be patient with the staff that did show up. No one wants to work anymore.”

Wrong, pendejo. They just don’t want to work for you.

More, late*

December 21, 2020

A little light and a lot more tunnel.

“Pandemic Deal by Congress Provides Economic Relief, for Now,” reports The New York Times.

But it’s too little, too late, and perhaps the last of Uncle Sammy’s pennies in the ol’ tin cup for a while, adds The Old Grey Hoor, in an analysis by Ben Casselman and Jim Tankersley.

The injection of money comes months too late for tens of thousands of failed businesses, however, and it may not be enough to sustain unemployed workers until the labor market rebounds. Moreover, it could be the last help from Washington the economy gets anytime soon.

Call me cynical, but I think we need some brighter bulbs on this job.

*Apologies to Chris in the Morning.

Bull in a China shop

May 10, 2019

There’s a new tariff in town.

MAGA, etc., et al., and so on and so forth. I’d speculate as to whether Art O. DeDeal is trying to croak the bike biz because of the relentless roasting I’ve given him, but he doesn’t know Schwinn from Shinola.

He apparently wants everyone else to lose money the way he did.

So. Much. Winning.

Electric bus(t)

May 20, 2018

OK, so I’m just spitballing here, but what if we got these really long extension cords. …

Huh. “Problems plague push for electric buses.” Imagine my surprise. The phrase “One hand washes the other” was coined by some poor sap who discovered the hard way that giving a handjob with one mitt while grabbing a sheaf of greenbacks with the other can be a very messy business indeed.

Maybe some enterprising sort can just airdrop a shit-ton of Bird scooters on LA and Albuquerque. Save a bunch of money, create jobs for chargers, and give the locals a new reason to be shooting each other all the time.

I don’t know much about ART, but. …

January 11, 2018

The Fabulous Furry Freak Brothers never went electric, but they sure as shit knew their buses. Freak Bros. © forever by Gilbert Shelton

… I know what I don’t like.

Somebody — multiple somebodies, actually — has intercoursed the penguin in dramatic fashion as regards the Albuquerque Rapid Transit (ART) project, which already had all the positive press of a buddy flick called “Hey, Look At My Dick!”, starring Louis C.K. and Harvey Weinstein, directed by Roman Polanski from a script by Woody Allen.

Seriously, how do you fuck up a nine-mile bus line? And the nine miles of retail that goes with it? That takes real talent. I expect these people to go far, and probably soon, too, before the angry mobs kick down their doors.

• Late update: And meanwhile, as expected here at the Duke City Chuckle Hut, the ACLU comes after Albuquerque for its thickheaded, ham-handed anti-panhandling ordinance. Defending this attempt to keep Those People away from the tony real estate is another budget item we could have done without.

Office spaced

December 29, 2016
Hemingway sent cables; I just hook 'em up.

Hemingway sent cables; I just hook ’em up.

Now and again I am reminded that shit doesn’t just happen.

I was grumbling the other day that the iCrap-crazed Cloudniks at Apple no longer give a damn about modular, upgradeable desktop systems and the power users who love them, probably because I have spent far too much time staring at a desk that is topped by a veritable clusterfuck of computer hardware — a 15-inch mid-2014 MacBook Pro cabled to an OWC Thunderbolt 2 dock and thence to a Dell 27-inch monitor, a RAID array plus a couple other storage drives, an Apple SuperDrive and a cheap set of Logitech speakers that really need to go because they have all the sonic excellence of a 1965 GE P-1810A transistor radio.

Then I read this, and this, and I think I’m finally starting to get a feel for why Tim Cook is all like: “Fuck those bitches and their desktops. Whatsisname down in the basement is tasked with that project and if we have to we’ll trot him out and show the world what people who give a shit about desktop computers look like. Dude makes the stapler guy from ‘Office Space’ look like Michael Fassbender.”

Creative class warfare

June 21, 2014
The Turk' enjoyed some backyard time while I cleaned a bike in honor of the summer solstice.

The Turk’ enjoyed some backyard time while I cleaned a bike in honor of the summer solstice.

Summertime, and the livin’ is easy. Just ask the Turk’, who enjoyed a little outside time in the Mad Dog Media Botanical Gardens, a.k.a. “Weedpatch,” as I washed a bike in honor of the solstice.

Shortly thereafter it began raining off and on, with thunder for flavor, and the feline outings, bicycle riding and Old North End Garage Sale took back seats to working and earning.

Speaking of which, I can see I’ve been going about the latter activities all wrong. Clarity is so 15 minutes ago. If a guy could only learn to deploy with a straight face semantically null phrases such as “further leverage,” “cultural and creative assets,” “place of choice,” “launching new ideas” and “preserving our rich cultural heritage,” why, People of Money would write us fat checks for doing absolutely nothing beyond talking authoritatively and incomprehensibly out of our asses.

Toward that end I’m pleased to announce the formation of the Caramillo Street Collective for Creative Obfuscation, whose sole purpose it shall be to talk shit for money. I know, that sounds an awful lot like what I already do, but trust me, this is a radical departure from business as usual at Chez Dog. It’s a means of further leveraging my cultural and creative assets from my place of choice to launch new ideas that preserve my rich cultural heritage.

Somebody owes me $20K now.

• Speaking of talking shit: Here’s Timothy Noah on the ethics of dog-crap disposal.

Free tea! (Bring your own bag, cup and water)

May 8, 2014
Tea Party

`I didn’t know it was YOUR table,’ said Alice; `it’s laid for a great many more than three.’

The smart money says that the GOTea is poised to make big gains in the midterm elections, extending its pallid, liver-spotted grip on the U.S. House and perhaps retaking control of the Senate.

“What the hell?” you may think. “They’re all the same anyway, Donks and Pachyderms. Opposite sides of the same wooden nickel. How bad could it be?”

Well, we here in Bibleburg have been test-driving this brand of Gadsden-flag, live-free-or-die governance for you for as long as I can remember (my family moved here in 1967). And here’s what you get for your low-taxation, no-representation dollar:

• An unaddressed backlog of $1.3 billion in capital needs. Whether this figure includes repairing or replacing the burnt-up, 80-year-old Martin Drake Power Plant, which provides a third of Bibleburg’s power, is not clear.

A “jobs-creation program” centered on tourist attraction that boils down to “there’ll be pie in the sky.” Not one of the visitors we’ve had at The House Back East® has expressed a desire to visit a downtown stadium, a sports medicine center, an Olympic museum, or an Air Force Academy visitors center (other than the one that already exists, on the base). They want to see the Garden of the Gods, Pikes Peak, Manitou Springs — in other words, the things that are already here which we have yet to fuck up. And be certain to check the numbers for jobs, salaries and operating deficits from our other stadium/entertainment venues, the World Arena and the Pikes Peak Center.

Plummeting home sales, and home-sale prices. For some reason, people seem uninterested in moving to communities that lack jobs, electricity and other must-have items.

We hate that out-of-control federal government’s spending, but gyrate like a speed-freak pole dancer for every freedom-killing dollar it stuffs in our threadbare G-string. We despise taxes, but demand services. We insist on Christmas 24/7, free of charge and taxation, but if anybody wearing a red suit climbs down our chimney we’ll blow him right back up it with our AR-15.

Take a good, long look, folks. America’s future is Bibleburg’s present.

 

Black Friday or Blue Christmas?

November 29, 2013

rfd-logo-2-xsYes, it’s another edition of Radio Free Dogpatch!

We’re No. 1! We’re No. 1!

October 3, 2013

We’re … screwed.

Nearly 19 percent of the workforce here in Bibleburg, which famously despises the big, bad feddle gummint, gets a paycheck from same, according to The Washington Post in partnership with the Brookings Institution.

Imagine that.

Now, whom do you suppose Bibleburg will blame for the hardship wrought upon these 55,000 big-gummint employees by the feddle shutdown?

I’ll give you a hint. Half black, socialist, crypto-Mooslim, Kenyan, tyrant … ring any bells?