[dinopello]

Along the lines of the race to the bottom:

Walmart issues "urgent" memo for store manager to move (sell) the old meat before it expires.

I guess this beats the alternative of wash it in bleach and re-label.

The memo, marked "highly sensitive", asks Wal-Mart marketing managers to make sure they discount aging meat and baked goods to maximize chances of selling them before their expiration dates, according to the report.

Wal-Mart, which has posted six straight quarters of flat or declining same-store sales growth, has been battling a stronger dollar and a reduction in U.S. food stamp benefits, which has eaten into the budget of the retailer's core customer base

[dolanbaker]

In the EU, the low end supermarkets are booming, Aldi & Lidl are taking share from all of the big name stores.

[Newfie]

Eating our way down the food chain.

[dolanbaker]

Not really, more of a case of screwing suppliers and employees, but it must be said that Aldi & Lidl are good to Irish producers/farmers relative to the likes of Tesco's.

[dinopello]

In the EU, the low end supermarkets are booming, Aldi & Lidl are taking share from all of the big name stores.

We're going that way also. Soon it'll the Dollar Store that rules the roost.

Not necessarily, it could be Dollar General or Dollar Tree or Family Dollar or ...

[wildbourgman]

Folks I've kinda breezed through 4 pages and I don't see anything about inflation. Walmart will have trouble with low prices because the price of the base commodities they sell are going up when real wages have been stagnant. How does Wally world deal with this one way is to have employees utilize the welfare state to it fulliest extent as a subsidy.

We have to make adjustments to the Welfare state and big business subsidies and we have to start seeing inflation for what it it and stop using voodoo economic hedonics bullshit. People going to the grocery store know that there dollar buys less but they don't know why.

[Herr Meier]

People going to the grocery store know that there dollar buys less but they don't know why.

OF2 says there is no inflation. In fact OF2 says everything is super duper. OF2 is trained in statistics and knows that a billionaire making %50 more, easily offsets inflation the little people experience.
OF2 also knows that a billionaire making 50% can now hire a second cleaning maid, hence the trickle down economy generates new jobs at an astonishing rate.

[Lore]

In a consumer based capitalist society, who puts more people to work?

Mitt Romney when asked, how many cars he owns, was quoted saying 2 for himself and 2 for his wife. Now Mitt may make a little more this year then last due to the market and his 20 million a year has probably grown a bit so he purchases another new vehicle. Now he has 5 in total

If we look at Mitt's income and spread it out among the average middle class wage earner that would equate to somewhere around 500 auto purchases. Looking at it that way, who do you think helps the economy out more?

[ROCKMAN]

Lore - "If we look at Mitt's income and spread it out among the average middle class wage earner that would equate to somewhere around 500 auto purchases. Looking at it that way, who do you think helps the economy out more?" Here's the flaw with that logic. If you take all of that Mitt income (or yours just as well) would he and you still go out and earn it? Obviously not: you're not willing to give most of your paycheck to others, are you? So the only way for those 500 folks to get that money is to join up and collectively do whatever Mitt does to earn it. Of course, that would have to be in addition to what income they are already earning.

Goes back to the basic question: how many folks on the website get a paycheck from a company or individual that isn't making a profit? Of course, that doesn't include gov't employees since they work for organizations that actually don't create income let alone profits. Those paychecks come from monies transferred from other folks. LOL.

[wildbourgman]

People going to the grocery store know that there dollar buys less but they don't know why.

OF2 says there is no inflation. In fact OF2 says everything is super duper. OF2 is trained in statistics and knows that a billionaire making %50 more, easily offsets inflation the little people experience.
OF2 also knows that a billionaire making 50% can now hire a second cleaning maid, hence the trickle down economy generates new jobs at an astonishing rate.

I rather shadow stats. Shadow stats seem more correct to what I see and hear. I also think that Shadow stats umemployment data seems closer to reality.