Justice is just around the corner for some in the top 3% of wealth-holders

[Jeffersons Ghost]

It's their Christmas present.

Walmart will suffer, as will other retailers, worldwide, because people are spooked by economic conditions.

TV stations, like FOX, and newspapers will suffer because they're getting FAR less advertising this year. In media, if you don't have a merry Christmas, you won't have a happy New Year. Christmas is their biggest month for revenues.

Some of the top 3% will pay dearly for what others in their tax-bracket have done.

Happy holidays big business!

[aquart]

1. The employees they fire will suffer.

They'll be as overstuffed as ever.

[Jeffersons Ghost]

2. Firings won't recoup lost revenues. They'll be "stuffed" with unsold inventory

[WhaTHellsgoingonhere]

20. Just because profits are off, say, 5% from last year...

...doesn't translate to negative profits.

In this culture, growth is imperative not turning a profit. More precisely, you can turn a handsome profit while stagnating or shrinking somewhat. Wall Street will lose their fucking minds, the stock will take a big hit, but like another poster suggested, the "little people" will feel the pain as they are fired in order to lower staff costs and other employee related expenses thus boosting future profits. Where are the "fired/laid-off/downsized/restructured" to go when every company employs this business model?

Capitalism: it's a beautiful thing...

[nebenaube]

3. They're about due to start canniablizing themselves no? n//t

[Jeffersons Ghost]

24. yes, that could be next

[Hannah Bell]

4. walmart makes most of its profits overseas now, i seem to recall.

[Jeffersons Ghost]

6. Have you heard about riots over economic conditions overseas?

[former9thward]

8. Not really.

Most of the emerging markets are doing just fine.

[Jeffersons Ghost]

9. Which "emerging markets?" Do you have a source for that groundless statement?

[former9thward]

11. You made the statement about "riots overseas" as an

example of dire economic conditions. Do you have a source for that groundless statement? The emerging markets such as China, India, SE Asia, S Korea, much of South America and increasingly Africa are doing just fine. They make up the bulk of the world economy and they are expanding every year. For sources google the economy and emerging markets. You will find a few million of them.

[Jeffersons Ghost]

12. I meant that you should furnish a link, from a credible source, to support your statment...

You said it. Now support it with a credible link, like this one:

(Reuters) - Many big U.S. industrial companies are counting on China's economy to drive growth, a bet unsettled by Washington's recent saber-rattling on Beijing's closely managed currency.

http://www.reuters.com/article/idUSTRE62N4TT20100324

China could nationalize ALL the companies operating there in a New York minute: And what could the US do; occupy China? Invade? Nuke them?

[former9thward]

15. You are giving a link that is almost a year old.

Guess that prediction did not work out. I originally replied to your post about "riots over economic conditions overseas". You have still not provided any link for that. China is doing fine and American companies are tripping over each other to start business there. http://www.nytimes.com/2010/08/16/business/global/16yuan.html

[Jeffersons Ghost]

16. You really didn't know about these CURRENT riots and protests?

"Protesters in England are responsible for attacking a car carrying Prince Charles and his wife, Camilla, after lawmakers infuriated students when it voted to increase tuition fees."
http://www.africanaonline.com/2010/12/riots-and-protests-in-england/

"Armed with pump-action shotguns, sidearms and stun grenades the officers look like they belong in a war zone. In fact they are elite French policemen who were deployed to the historic centre of Lyon yesterday to deal with rioting students."

Read more: http://www.dailymail.co.uk/news/article-1322441/France-riots-Demonstrations-pension-reforms-continue-ninth-day.html#ixzz17oslgge4
http://www.dailymail.co.uk/news/article-1322441/France-riots-Demonstrations-pension-reforms-continue-ninth-day.html

[former9thward]

18. Those "riots' are anecdotal at best.

Nothing really has been accomplished by them. The governments have gone ahead and imposed their policies without any real protest from the general population. There are probably about 50-75 murders every day in the U.S. I could provide a link to all of them to make it appear our society was on the verge of collapse. Would that be accurate? The the "riots" have the same meaning.

[Jeffersons Ghost]

17. right now, we're doing even more serious "saber rattling" over Korean issues...

Chinas' economic gains are driven by a serious trade imbalance with the US. They manufacture the goods and then export them here to sell. Chinese workers in the manufacturing industry make the equivalent of about a dollar a day, which makes their incomes too meager for them to even become members of the Communist party. Their spending ability can't salvage poor Christmas revenues in the US.

[former9thward]

21. American business does not care about Chinese workers.

They are after the middle class. Millions of Chinese join the middle class every year and have middle class consumer desires. Also western companies are selling raw materials to China which is being bought by the government, military and large business in China. I know you seem to think Christmas sales revenue is going to be poor in the U.S. I have seen no evidence of that. All of the malls by me you can't even get into because all the parking spaces are full. We'll see.

[Jeffersons Ghost]

19. Here's a VERY current story on Chinas' ability to be truly self-supporting:

"Inflation in China has risen to a 28-month high, sparking warnings of new interest rate rises.

The inflation rate, measured by the consumer price index, rose 5.1% year-on-year in November, an increase that was above market expectations."

http://www.bbc.co.uk/news/business-11975628

Retail sales in China won't be very high with these economic issues.

[Bjorn Against]

5. That is not suffering...

Suffering is not being able to feed your family, suffering is being stuck sleeping under a bridge, suffering is enduring pain from a serious injury because you can't afford to go to the hospital and see a doctor. Seeing your personal wealth drop from ten million to seven million hardly constitutes true suffering, they may want us to feel sorry for them but until they are going through what ordinary Americans go through every day I don't know how anyone could feel an ounce of sympathy.

[fascisthunter]

7. they will suffer when they lose it all

like the rest of us... the fact they "suffer" over losing some money shows how disconnected, greedy and spoiled they all are. They wouldn't even know what to do....

[Jeffersons Ghost]

10. "No man is an island." Economically we're all connected at some level...

Spoiled ultra-rich children fail to grasp this concept. They think that they are immune and untouchable: But justice is just around the corner.

[fascisthunter]

13. you are right of course...

I forget that time is so fleeting....

[B Calm]

14. The rich has been riding on the back of a tiger for 30 years, and now

the tiger is getting very hungry. Interesting days ahead, so stay tuned. . .

[Jeffersons Ghost]

23. Those who ride tigers can be eaten by their "free" ride

[lunatica]

22. Trickle up misery is always a possible eventuality

All you have to do is remember how so many of the oppressors ended up. Hitler dying ignominiously in a bunker while he cowered in fear, pretending he was being noble. Saddam being jeered and ridiculed while being hanged. Il Duce Mussolini ending up murdered by the Italian people and hanged by his feet along with his girlfriend. Dictators like Pinochet and The Shah of Iran having to flee and take refuge in other countries to keep from being murdered by their own people. Even Idi Amin lived in exile in fear for his life.

There's even some evidence that Stalin was poisoned, and that Nikita Khrushchev was involved or that doctors deliberately delayed treating his stroke for days which eventually killed him. But that's all still a mystery.

Dictators and the very wealthy may live in luxury, but they also live in fear. Prince Charles and Camilla have just gone through a harrowing experience and I'm sure it has made them fear the angry people. I'm sure a lot of royalty and rich people in England have suddenly started paying attention. They'll double up on security and wall themselves off, and it isn't because they're happily rich. They're scared, as well they should be. I imagine very few things can be quite as scary as being attacked by a mob.