Plutocrats on the Run

Well, this is interesting (The Post):

Group of top CEOs says maximizing shareholder profits no longer can be the primary goal of corporations

The organization representing the nation’s most powerful chief executives is rewriting how it views the purpose of a corporation, updating its decades-old endorsement of the theory that shareholders’ interests should come above all else.

The new statement, released Monday by the Business Roundtable, suggests balancing the needs of a company’s various constituencies and comes at a time of widening income inequality, rising expectations from the public for corporate behavior and proposals from Democratic lawmakers that aim to revamp or even restructure American capitalism.

“Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity,” reads the statement from the organization, which is chaired by JPMorgan Chase CEO Jamie Dimon.

Staying ahead of the mobs and pitchforks is a good strategy! They’re hoping to convince us we don’t need something like the Accountable Capitalism Act — corporate titans have realized the current system leaves out some constituents (i.e., everyone but themselves and fellow rich people) and will henceforth play nice out of the goodness of their hearts. I don’t believe it for a second.

Meanwhile, Trump just waved a magic wand and solved wealth inequality:

As of now, disbelieving the evidence of your own eyes and ears isn’t enough — you have to add fictional zeroes to your personal bank account totals too. No doubt there are people who are stupid and/or brainwashed enough to believe even this gigantic whopper, but I think we’re seeing a preview of the central flaw in the “Keep America Great” campaign argument.

In 2016, Trump could lie about what he was going to do. In 2020, he has to pretend that he did all this shit that he didn’t do. I’m no expert political analyst, and God knows I don’t want to underestimate the stupidity of tens of millions of our fellow citizens again. But that seems like a tougher sell to me.






163 replies
  1. 1

    What’s good for Wall Street is not necessarily good for Main Street.

  2. 2
    JPL says:

    Is it time for Katie Porter to question Jamie Dimon again?

  3. 3
    TenguPhule says:

    Group of top CEOs says maximizing shareholder profits no longer can be the primary goal of corporations

    Sadly this means fuck all because there is a legal precedent that shareholder profits are the only legal duty they have and anything that might make them less bloodthirsty assholes can get them sued if it reduces immediate profits in any way.

  4. 4
    Lapassionara says:

    @TenguPhule: can you give the citation for that?

  5. 5

  6. 6
    Hungry Joe says:

    That’s always been Costco’s business model: shareholders, customers, and employees as equal factors in their calculations. Costco doesn’t gouge customers even when there’s an opportunity (they have a maximum markup, even if the item is scarce and in demand) and treats employees pretty well (they never seem put-upon, frazzled, or unhappy). Wall Street is forever after Costco to cut wages and benefits, and goose up prices, in order to increase profits for a quarter or two or three; the CEO and the Board refers to their constant profits over many years, and tells Wall Street to take a hike. I hate shopping, but I love that joint.

  7. 7
    germy says:

    Group of top CEOs says maximizing shareholder profits no longer can be the primary goal of corporations

    “Our primary goal now is to buy up land in New Zealand and hire a small army of mercenaries to guard the fortresses we build”

  8. 8
    Steve in the ATL says:

    @Lapassionara: Dodge v. Ford Motor Company, 204 Mich. 459, 170 N.W. 668 (Mich. 1919)

  9. 9
    J R in WV says:

    OK, the front page says there are 3 comments, yet when I click on the “3 comments” link, I get the original post with zero comments. I’ve heard about this, but never seen it myself. Now I know it exists.

    I’m no expert political analyst, and God knows I don’t want to underestimate the stupidity of tens of millions of our fellow citizens again. But that seems like a tougher sell to me.

    I think you’re a fine political analyst, and what’s more, I agree with you — what Trump has done amounts to buckets full of slaughterhouse tripe, after setting out in the hot August sun for for a couple of weeks. And now they have to try to sell that as a good job of governing, when we can all see and smell the rotting tripe.

    Plus a fascist windbag… Now let’s see if other people have commented, as I bet they have!

  10. 10
    FelonyGovt says:

    Telling Americans how rich they are seems like a badly losing strategy to me. Even people who are comfortable never think they have enough.

  11. 11
    Brachiator says:

    “Our consumers are rich. I gave a tremendous tax cut, and they’re loaded up with money.”

    Jesus HW Christ!!

    I can’t. I just can’t.

    Group of top CEOs says maximizing shareholder profits no longer can be the primary goal of corporations

    “Our primary goal now is to buy up land in New Zealand and hire a small army of mercenaries to guard the fortresses we build”

    So, Project Greenland Nirvana is off the table?

  12. 12
    J R in WV says:

    @Steve in the ATL:

    Good job, 11 minutes from asked to answered! Thanks, legal beagle!!

    Where you headed this week?

  13. 13
    MattF says:

    My rule: be sure to continue to check whether your pocket has been picked.

  14. 14
    waspuppet says:

    “Our consumers are rich. I gave a tremendous tax cut, and they’re loaded up with money.”

    If any other president said this, especially a Democrat, we’d have about 30 “Well, here in a diner in East Heroin, Pennsylvania, the patrons aren’t so sure about that” stories by sundown.

    Spoiler alert: We won’t. It’s just Grandpa talking again; pay him no mind.

  15. 15
    germy says:

    @Brachiator:

    So, Project Greenland Nirvana is off the table?

    That one’s strictly for mineral and oil extraction, not gated, guarded communities.

  16. 16
    germy says:

    @waspuppet: Didn’t a journalist accuse him of rape a few months ago? Why has that been forgotten?

    I mean, Reagan was teflon, but why are they protecting 45 PEETUS?

  17. 17
    Brachiator says:

    A little reminder

    The Failed Promises of the 2017 Tax Cuts and Jobs Act (TJCA)

    We all remember the promises for the 2017 Tax Cuts and Jobs Act (TJCA):

    1) “Boost growth to 3.5 percent per year on average, with the potential to reach a 4 percent growth rate.”

    2) Boost business investment

    3) Pay for itself (Not increase deficit)

    4) Give the typical American household around a $4,000 pay raise

    Here are a few quotes from 2017:
    “This change, along with a lower business tax rate, would likely give the typical American household around a $4,000 pay raise.” Donald Trump, October 19, 2017

    “Not only will this tax plan pay for itself, but it will pay down debt,” Treasury Secretary Steve Mnuchin, Sept 2017

    “I think this tax bill is going to reduce the size of our deficits going forward,” Sen. Pat Toomey (R-PA), November 2017

    “I think to the extent we get the tax deal done, the stock market will go up higher.” Treasury Secretary Steven Mnuchin, October 2017

    None of this happened. None of it. The Democrats should grind Trump into the dust demolishing his bullshit.

    https://www.calculatedriskblog.com/2019/08/the-failed-promises-of-2017-tax-cuts.html?m=1

  18. 18
    Ocotillo says:

    Back in my day when I was working on my degree (BBA), one of my professors asked us to rank who deserves attention the most and rank them in order, shareholders, employees and customers?

    He said the proper ranking was/is: 1. Customers 2. employees 3. shareholders

    His logic was if you take care of one and two, three will be taken care of as well. How quaint.

  19. 19
    Steve in the ATL says:

    @J R in WV: Chattanooga and Ravenna, Ohio! It’s like I won the lottery.

  20. 20
    Steve in the ATL says:

    @J R in WV: I remember studying this case in law school, when I was far more conservative than I am now, and even then thinking it was horseshit.

  21. 21
    Mag says:

    The CEOs want to maximize their executive pay, perks, and benefits instead. It’s BS that they care about employees. That’s just their fig leaf to continue to ignore shareholders.

  22. 22
    Yutsano says:

    @Hungry Joe: Friend just got a job at Costco. He is loving it so far. I think his only major issue is that he doesn’t have a generous leave structure, but I don’t have any details on that. Getting bumped to $15 an hour in suburban Minneapolis with full benefits doth not sucketh for him.

  23. 23
    Mary G says:

    The CEOs see Elizabeth Warren rising in the polls and are panicked into producing a bandaid.

  24. 24
    JPL says:

    @germy: They are afraid of the tweet. It might surprise me, but not shock me if he had dirt on different individuals.

  25. 25
    lurker dean says:

    @Hungry Joe: i love that costco doesn’t hire b-school graduates and pays it’s CEO a reasonable salary.

    https://washingtonmonthly.com/2013/06/09/the-secret-of-costcos-success-revealed-hint-no-mbas-need-apply/

  26. 26
    Chyron HR says:

    @waspuppet:

    To be fair, if anyone did ask Billy-Bob if the Trump tax scam made him rich, he would swear up and down that he’s now a millionaire.

  27. 27
    waspuppet says:

    @germy: Yes of course. It all just slips away. It goes from “only an America-hating librul could believe such a thing” to “pfft — old news, everybody knows that” in the course of about two days. It used to take years (cf. Vietnam, Iraq, gay marriage).

  28. 28
    Chris Johnson says:

    The new statement, released Monday by the Business Roundtable, suggests balancing the needs of a company’s various constituencies and comes at a time of widening income inequality, rising expectations from the public for corporate behavior and proposals from Democratic lawmakers that aim to revamp or even restructure American capitalism.

    They are, of course, right.

    If they don’t successfully restructure what they’ve got, it will be restructured for them, taken from them, or burned the hell down. These people are no smarter than anybody else, but not intrinsically stupider, and part of their job is situational assessment. They’re faced with the inherent impracticality and inefficiency of the ‘we’ll all live in New Zealand’ solution.

    Their heads will be on pikes if they can’t thread this needle (or at least show they made a serious attempt). They are NOT as bone-stupid as Trump.

  29. 29
    Martin says:

    I think quite a few companies have realized this for a while. Maximizing shareholder value is really what defines private equity, not so much large corporations. Yes, they have to respond to it, but it’s a bit more of a balance, whereas private equity is much more about looting the shit out of institutional value. Many big corps have been worried for some time about how short-lived many large cap firms are. In the 60s, an S&P 500 company could expect to be on the exchange for over 3 decades. Now it’s less than 2, mainly because there’s so much pressure on successful companies to not invest in longevity – anything after the next 90 or 360 days. That’s fine for traders, but not institutional investors.

    Pensions only really work when a company lasts as long as an employee, and that’s not going to happen often now, which is why pensions aren’t a thing. It means that workers are going to be more frequently displaced, etc. Focusing on that balance should help the US in the long term, and help workers somewhat.

    If they really care about this, though, let’s see their commitment to net zero emissions and minimum wage. Let’s hear them back MFA. Some of the companies on the statement do support those things, but it really needs to be a much bigger push.

  30. 30
    Elizabelle says:

    @Mary G: Yes. That’s exactly it. They want to head off Elizabeth Warren, and like-minded reformers in the Democratic party.

    Bernie is an empty, shouting suit. Elizabeth Warren is the real deal, and she connects with voters. (All the more reason to talk about her being a “school teachery” type.)

  31. 31
    TenguPhule says:

    @Lapassionara: eBay v. Newmark

  32. 32
    Elizabelle says:

    Without commitment to customers, employees, making a really good product: the companies are just financial instruments.

    And they can blow away in the wind.

  33. 33
    ruemara says:

    I think this is math done in private reminding the little dears that 1. money is made off the proletariats you disdain. 2. we can’t escape this planet. 3. If you have to hire some peasants to protect you once you destroy everything, eventually, they’ll kill you and take your stuff.

  34. 34
    James E Powell says:

    @germy:

    The protect and promote him because he is the best thing to happen to them since 9/11. And bonus, their owners love the tax cuts.

    There are two categories of stories the press/media love: 1) what Trump said or did and 2) how Democrats are failing to deal with what Trump said or did. Anything else has, at most, a 24 hour life and is generally presented as nothing to be concerned about.

  35. 35
    debbie says:

    @Elizabelle:

    And she will be the first to call bullshit on this “revelatory statement” from the Roundtable.

  36. 36
    randy khan says:

    @TenguPhule:

    Sadly this means fuck all because there is a legal precedent that shareholder profits are the only legal duty they have and anything that might make them less bloodthirsty assholes can get them sued if it reduces immediate profits in any way.

    They actually have a lot more leeway than they often claim to have. Among other things, the time from for profit maximization is not this week or even this year, but over the long run. If a company says “we’re foregoing a big profit today because we’ll make more money in the long run,” then the shareholders don’t really have a valid complaint. As someone noted above, that’s how Costco approaches its business.

  37. 37
    Brachiator says:

    @Martin:

    I think quite a few companies have realized this for a while. Maximizing shareholder value is really what defines private equity, not so much large corporations.

    I do work with a very large corporation that absolutely sings the gospel of maximizing shareholder value. In the past they swallowed up smaller companies that had great relationships with customers, and it has been a battle to maintain that customer focus.

  38. 38
    randy khan says:

    If Trump mentioned the tax cuts every day between now and the 2020 elections, it would make me very happy. In fact, I’d be happy to pay him $10 for every day when he talked about them, and an extra $10 if he mentioned just how much money one of his “friends” saved. ($4,000 to $8,000 would be a great investment, given the likely payoff.)

  39. 39
    zhena gogolia says:

    @J R in WV:

    You can’t trust what the site says about number of comments any more. And sometimes you have to go to the comments, go to the last one, and then refresh in order to get the REALLY last one.

  40. 40
    Lapassionara says:

    @Steve in the ATL: thanks.

  41. 41
    Miss Bianca says:

    @ruemara: Yep.

    Congrats on the impending citizenship, btw! Pleased as Punch to have you on board! Now, if we can just wrest the controls away from Captain Queeg before he drives us onto the shoals…

  42. 42

    @Martin:

    Yes, they have to respond to it, but it’s a bit more of a balance, whereas private equity is much more about looting the shit out of institutional value.

    Looters are only one part of private equity. There are private equity companies out there that buy companies with the goal of increasing their long-term value; we just don’t hear nearly as much about them as we do about the raiders and looters.

  43. 43
    Baud says:

    Hippies.

  44. 44
    debbie says:

    O/T, but I’m thrilled to hear Eric Gardner’s murderer at long last has been fired. Even better, Sean Lynch is all pissed off about it. Have a coronary, you asshole!

  45. 45
    Fleeting Expletive says:

    I had come to appreciate Nicole Wallace @ MSNBC in the afternoons, but John Heileman is subbing this week. I had had him pegged as a star-fucker from back when Michael Avenatti was the hotness, because he was just all a-flutter about the latter giving him a ride in his sports car. Anyway, his panel spent an inordinate amount of time chewing over Elizabeth Warren’s Pocahontas problem and I wanted to scream. Lordy, Warren freaking owns Native American issues, or she can and is trying to. She can steer a lot of conversations towards land conservation, water and resources, women’s welfare in policing, poverty and all of that. With Trump’s tens of thousands of horrific and pernicious lies, we just can’t get over an undocumented Indian ancestor that an Oklahoma family’s folklore remembers.

    If that don’t take the cake. Lost respect for the lot of them, what little I’d been clinging to.

  46. 46
    mary s says:

    I’m with Dean Baker: It would be a lot better if CEOs stopped maximizing CEO pay. (He also says that returns to shareholders haven’t been all that high over the past couple of decades).

    http://cepr.net/blogs/beat-the.....mpensation

  47. 47
    lurker dean says:

    neat, someone posted this link to the full 1619 project so you don’t have to do the browser paywall dance:

    http://pulitzercenter.org/site.....roject.pdf

    as i mentioned in another thread i actually bought the times yesterday specifically for the insert but it wasn’t in my copy!

  48. 48
    azlib says:

    @Brachiator:

    I always thought the Greenland play was to build the Trump Thule resort. It has a nice ring to it. :-)

  49. 49
    JPL says:

    @lurker dean: I wish I had gone to the store and purchased yesterday’s NYTimes.

  50. 50
    Baud says:

    @Fleeting Expletive:

    They will Hillarize any prominent Democrat.

  51. 51
    JPL says:

    @lurker dean: WUT

    I might call tomorrow and see how to buy the magazine as a stand alone.

  52. 52
    TenguPhule says:

    Mike Pompeo compared Trump to ‘authoritarian’ Obama in 2016

    Pompeo can choke on a bag of salted dicks.

  53. 53
    TenguPhule says:

    FUCK! Planned Parenthood has officially withdrawn from Federal funding.

  54. 54
    Redshift says:

    One thing that gives me some comfort in the face of stories about how “a good economy” will help Trump is the decades of political science research showing that people vote on how the economy is affecting them and people they know, not “the economy” in general.

    So even if Trumpists screw with government statistics and go on TV to try to convince people everything is fine, it probably won’t make any difference. (They’re not the first, the Bush administration did some of the same stuff; conservatives never seem to learn.)

  55. 55
    JPL says:

    @TenguPhule: They didn’t have a choice.

  56. 56
    Lapassionara says:

    @Baud: Yes. this.

  57. 57
    TenguPhule says:

    @JPL: I know. Doesn’t make the consequences any less awful.

  58. 58
    Elizabelle says:

    @JPL: Spoke with my local Barnes & Noble. They don’t get a whole lot of NY Times Sunday papers to begin with, and these sold out lickety split to people who knew the 1619 supplement was in there.

    I am thinking the Times might at some point reprint the magazine, given the demand. In the meantime, the content is available on the Pulitzer website. http://pulitzercenter.org/site.....roject.pdf

    Either Pulitzer or the NY Times is talking it up as a teaching tool, so I think we might see more copies. Online is great, but a hard copy is even better for studying from.

  59. 59
    TS (the original) says:

    @Fleeting Expletive: Jennifer Rubin on it as well in WaPo – her GOP roots are still showing. They are all getting worried about Elizabeth Warren. Her polls must be rising

  60. 60
    Spanky says:

    It may be that the masters of the universe have finally noticed that their stock is traded more and more by institutions, your 401k managers. Those fund managers are not looking at how a company does day to day, and (the good ones) take a good look at how the company is really managed over the mid- to long term. Besides hearing the footsteps of that herd of Dem candidates, maybe they’ve started to pay attention to the fund companies’ assessments of how they’re doing.

  61. 61
    Ceci n est pas mon nym says:

    Re Trump quote tweeted above: I don’t think even MAGAt’s can be convinced that a tax bill was a tax refund, right?

    Right?

  62. 62
    trnc says:

    @FelonyGovt:

    Even people who are comfortable never think they have enough.

    Hell, BILLIONAIRES don’t think they have enough. That’s why the economy is so lopsided.

  63. 63
    J R in WV says:

    @Steve in the ATL:

    Looks a lot better than Gulf Coast east Texas… perhaps except for the local food, which is pretty good, Creole seafood, for example, and Asian seafood.

  64. 64
    SenyorDave says:

    I trust Jamie Dimon as far as I could throw him.

  65. 65
    misterpuff says:

    [Verse 1]
    I – don’t wanna know your name
    ‘Cause you don’t take the blame
    For what you did in trade
    Okay – you think you got a pretty face
    But the rest of you is out of place
    Separated by the blade

    [Chorus]
    Pluts on the run
    You scream and everybody comes to watch
    Take a bag and hide your gold away
    Plutos on the run
    P-pluty
    Pluts on the run
    And hide away

    [Verse 2]
    You – you talk about just every score
    But the peeps you rob won’t take it any more
    You’ll be taxed just like before
    I – don’t wanna know your name
    ‘Cause you don’t take the blame
    The way you steal and whore

    [Chorus]
    Pluts on the run
    You scream and everybody comes a gunning
    Take a bag and hide your gold away
    Plutos on the run
    D-doxy
    Pluts on the run
    And blown away

  66. 66

    @SenyorDave:

    I trust Jamie Dimon as far as I could throw him.

    You are far too trusting.

  67. 67
    Patricia Kayden says:

    @Brachiator: Some Trump sycophants argue that we should have seen an increase in our paychecks because of the tax cut. I doubt anyone could actually point to any such increase though. Most of us saw severe decreases in our federal refunds. Democrats need to televise panels of regular Americans who have been harmed by Trump’s tax cuts.

  68. 68
    Alternative Fax, a hip hop artist from Idaho says:

    @J R in WV:

    I’m no expert political analyst, and God knows I don’t want to underestimate the stupidity of tens of millions of our fellow citizens again. But that seems like a tougher sell to me.

    I think you’re a fine political analyst, and what’s more, I agree with you — what Trump has done amounts to buckets full of slaughterhouse tripe, after setting out in the hot August sun for for a couple of weeks. And now they have to try to sell that as a good job of governing, when we can all see and smell the rotting tripe.

    I agree.

  69. 69
    C Stars says:

    @ruemara: how about:

    once you destroy everything, eventually, they’ll EAT you and take your stuff.

    Just because I like the way it sounds…

  70. 70
    Alternative Fax, a hip hop artist from Idaho says:

    @Steve in the ATL: Ravenna’s not too far south of Cleveland, which has (oddly) got some very cool parts in/near downtown these days.

  71. 71
    debbie says:

    @Patricia Kayden:

    Even worse, my company fixed it so our raises appeared on the same paycheck we were supposed to see these decreases.

  72. 72
    Steve in the ATL says:

    @J R in WV: Beaumont has shitty restaurants, which is somewhat surprising for a coastal city. Chatt has several good ones. First trip to Ravenna but being near Akron and Kent I’m sure it’s a foodie paradise!

  73. 73
  74. 74
    Jeffery says:

    You can fool some of the people all of the time.

  75. 75
    cynthia ackerman says:

    @Ocotillo:

    There’s a fourth element: vendors/suppliers.

    Back in the early nineties a wave of “supply chain management” changed the way big businesses bought goods and services, often to the detriment of those providing.

    I’d guess that even kindly Costco has practices which squeeze suppliers without much regard for their practices and priorities.

  76. 76
    Mandalay says:

    @Fleeting Expletive:

    back when Michael Avenatti was the hotness

    These days Avenatti is schmoozing with Scaramucci and bad mouthing Beto O’Rourke. A real DINO.

  77. 77
    Brachiator says:

    @Patricia Kayden:

    I doubt anyone could actually point to any such increase though. Most of us saw severe decreases in our federal refunds.

    Some of this is psychological. I work with tax professionals. They tell me that this was a common conversation.

    Tax Pro: Your actual tax liability was lower this year. And you made more money.

    Customer: But my refund was smaller. This doesn’t feel right.

    Democrats need to televise panels of regular Americans who have been harmed by Trump’s tax cuts.

    The people who got screwed the most were lower income immigrants with ITINs or whose dependents had ITINs, people who were not citizens but who file tax returns. They had credits stripped from them and really have no one who strongly advocates for them. The Democrats are never going to put many of these people in front of a camera.

    A lot of people got tax cuts. It’s just that the rich got much bigger tax cuts. The Democrats can find people who got hurt by the new law, but the Republicans will be able to put together groups of taxpayers who did well, even moderate income people. It’s not a slam dunk.

  78. 78
    zhena gogolia says:

    @Mandalay:

    I had high hopes for Avenatti but I never got fully on the train. He gave me the willies.

  79. 79
    Ohio Mom says:

    @Ocotillo: Customers, employees and shareholders are a start but don’t forget suppliers and the community in which the business is located when considering all who have a stake in a business doing well. Under the community, I’d include the environment.

    Walmart is infamous for dicking their suppliers. For one example, they almost killed Rubbermaid. I don’t think I need to cite instances of companies destroying the environment.

    ETA: I see that Cynthia at 75 got to the suppliers first.

  80. 80
    The Dangerman says:

    Plutocrats on the Run

    I’m disappointed. I was hoping this was a Part B post involving a well fed alligator.

    I wonder both who the slowest Plutocrats are (“I don’t have to outrun the alligator; I just have to outrun you”) and what Trump’s 40 time is (probably measured in minutes).

  81. 81
    CliosFanBoy says:

    I had coworkers in 1994 that INSISTED that Clinton raised their taxes. Even showing them tax form for that year and the year before refused to sway them.

  82. 82
    trollhattan says:

    @SenyorDave: @Roger Moore:
    Give me Jamie Dimon, a tall bridge and five minutes….

  83. 83
    trollhattan says:

    @zhena gogolia:
    Yeah, he turns out to be very pro-Avenatti. Very.

  84. 84
    trollhattan says:

    @CliosFanBoy:
    My BIL was convinced Barbara Boxer was going to take away his big screen.

  85. 85
    zhena gogolia says:

    I wish Kamala hadn’t hired the fundraisers who do the “WE’RE DOOMED!” thing in their e-mails all the time.

  86. 86
    Jay says:

    @cynthia ackerman:

    You don’t see the Supplier Churn at Costco that you see at WallyWorld, where WallyWorld grinds the product down in quality or steals it and rebrands it.

    And Kirkland Brand products are as good as premium brands, because they are premium brands with a Kirkland label slapped on, with the same quality.

    Costco also pays every 30 days, not 90 like WallyWorld, they also provide Financial and Tech services to their suppliers.

    The only issue with Costco is that quite often, they have a product that is a 1 time buy, bought in bulk, so if you see it, and like it, you have to buy it now, and you don’t know what that product might be.

    The big feature for Costco in controlling costs, is bulk and selection. So Balderson Cheddar is only available in the 2 year old, 1 kilo size with their Alder Smoked 3 year old available around Christmas in the 750 gram size. At Cave On Foods, I can buy 14 different kinds of Balderson Cheddar, but only in 500gram sizes or smaller.

  87. 87
    J R in WV says:

    @The Dangerman:

    Do you really think Trump can cover 40 yards, like, quickly?

    ‘Cause I see him riding the cart onto the greens all the time… which would be against the rules for everyone who doesn’t own the links …

  88. 88
    Jay says:

    @Brachiator:

    Truck drivers.

  89. 89
    The Dangerman says:

    @J R in WV:

    Do you really think Trump can cover 40 yards, like, quickly?

    Quickly? Hell, no. But he might get 40 in if he’s inspired by a table of quarterpounders at the finish line.

    How that Dude doesn’t have the heart attack from hell is rather amazing.

  90. 90
    cynthia ackerman says:

    @Jay:

    Thanks. Happy to be shown my error.

  91. 91
    Baud says:

    Holy crap, the Bernie Bros have really taken over Reddit.

  92. 92
    zhena gogolia says:

    Feel the Bern.

    @djrothkopf
    Follow Follow @djrothkopf
    More David Rothkopf Retweeted Holly Otterbein
    Susan Sarandon is a proven enemy of the Democratic Party. She actively helped to elect Donald Trump. Accepting her endorsement or including her in a political rally should be unacceptable to any candidate whose true priority is to ensure Dem victory in 2020.David Rothkopf added,

    Holly Otterbein
    Verified account

    @hollyotterbein
    “He is not someone who used to be a Republican,” says Susan Sarandon while introducing Bernie Sanders at an ice cream social in Iowa, talking about how he’s fought for the same issues for years.…

  93. 93
    Ruckus says:

    @SenyorDave:
    You want to trust him as far as your grandmother could throw him. Either of mine would be about 125-130 yrs old so the distance would be, like zero. The two of them together could have probably tripped him for what, maybe a foot. But then the two of them together has been moot for over 60 yrs.

  94. 94
    NotMax says:

    @Jay

    The only issue with Costco is that quite often, they have a product that is a 1 time buy, bought in bulk, so if you see it, and like it, you have to buy it now, and you don’t know what that product might be.

    FYI, there’s a method to the pricing and tags, including the buy it now because there won’t be any more later items. Know the Secret Costco Price Codes to Save Even More Money

    Agree that many of the Kirkland-branded goods are pretty good. There are some, though, which don’t rise above meh. The Kirkland wines can be hit and miss (and often only seasonally stocked). If they’re in an endcap display, that means there’s a large stock on hand, so excellent chance of still being there on your next trip. according to my wine guy there.

    Thing I’ve noticed with the Costco here is that the holiday items (including foods) disappear from the aisles the day after. No markdowns on leftover stock. No idea what they do with the stuff.

  95. 95
    Redshift says:

    @Jeffery:

    You can fool some of the people all of the time.

    About 27%, to be more precise…

  96. 96
    Yarrow says:

    @zhena gogolia: Susan Sarandon can go to hell.

  97. 97
    Ruckus says:

    @The Dangerman:
    He does have a rather undemanding schedule.

  98. 98
    Jim, Foolish Literalist says:

    @zhena gogolia: “He is not someone who used to be a Republican,” says Susan Sarandon while introducing Bernie Sanders at an ice cream social in Iowa, talking about how he’s fought for the same issues for years.…

    as a few people have pointed out, Bernie is also not someone who has always been a Democrat, only when it suits him and his ego and his ambition

  99. 99
    Steeplejack (phone) says:

    @JPL:

    Check at your local Barnes & Noble. They might still have some left (not on display, of course). But do it quickly, next day or so.

  100. 100
    zhena gogolia says:

    @Yarrow:

    Looks as if she’s getting ready to slag Warren if the opportunity arises.

  101. 101
    JPL says:

    @Steeplejack (phone): thanks. I assumed most would toss it.

  102. 102
    Baud says:

    @zhena gogolia:

    Bernie always uses surrogates to do his dirty work.

  103. 103
    Yarrow says:

    @zhena gogolia: Yep. The “not someone who used to be a Republican is a big tell.”

  104. 104
    Cacti says:

    @zhena gogolia:

    I appreciate that the cult was stupid enough to bring High Priestess Sarandon out of hiding.

  105. 105

    @zhena gogolia:

    He is not someone who used to be a Republican

    He ain’t a Democrat either.

    @Baud: Haven’t I warned you not to go there, one more time and you’re grounded.

  106. 106
    Cacti says:

    @Jim, Foolish Literalist:

    as a few people have pointed out, Bernie is also not someone who has always been a Democrat, only when it suits him and his ego and his ambition

    Bernie has never been a Democrat. He is a longtime Marxist though.

  107. 107

    @Yarrow: They can’t let go that Hillary was a “Goldwater Girl”. //

  108. 108
    Baud says:

    @🐾BillinGlendaleCA:

    Won’t grounding me give me more time to go there?

  109. 109
    MisterForkbeard says:

    @Baud: It was the same in 2016 – there were MASSIVE Bernie and Trump presence on Reddit that just shouted down everyone else.

    Not much you could do about it, and you could see the lies and misinformation being transmitted to people who didn’t know any better. Still couldn’t do anything about it – the Trumpsters would basically shout MAGA at you, and BernieBros would start talking about how you were part of “The Establishment” if you started pointing out that their conspiracy theories were full of shit.

    I kid you not, I spent a couple of days having an ongoing argument with a groups of idiots who were convinced that pro-Hillary forces had done something really bad at a convention. It turned out that the Bernie folks were the ones who had done the thing, and they’d been slapped down for literally not following the rules. They’d even apologized, but somehow this was all Hillary’s fault.

    I left Reddit political discussion after that. There’s no winning.

  110. 110

    @Baud: This is 21st Century grounding, NO INTERNETS.

  111. 111
    NotMax says:

    @BillinGlendaleCA

    Groundbaud Day!

    :)

  112. 112
    Booger says:

    @Ocotillo: Some would rank employees first, under the theory that well taken care of employees make for happy customers, and that good employees are precious.

  113. 113
    Baud says:

    @MisterForkbeard:

    Yep. Knowing what I know now, I also expect a lot of Russian involvement in the discussion.

  114. 114
    Eolirin says:

    @🐾BillinGlendaleCA: Yeah except the attack of “used to be a Republican” isn’t meant to be supportive of “is a Democrat”. It’s said by people who think being a Democrat is just as bad.

  115. 115
    Baud says:

    @🐾BillinGlendaleCA:

    No Balloon Juice? I believe that violates the Geneva Convention.

  116. 116
    MisterForkbeard says:

    @Baud: Some of these guys were just verifiable idiots, but there was definitely a lot of Russian involvement in pushing the narration and specific lies that would then get regurgitated.

    Some of the website these guys (and some old friends who went Bro) would consider as credible just blew my mind. They were like geocities pages and were full of pretty insane “Google and the CIA stole this man’s software and now he’s on the run for his life” type articles.

  117. 117
    Booger says:

    @randy khan: That goes back to the idea/rule about business judgment. Management has lots of leeway in running a business under the idea that business judgment is subjective and not easily questioned, except by investing elsewhere.

  118. 118
    Baud says:

    @MisterForkbeard:

    It’s easy to believe when you want to believe.

  119. 119
    Jim, Foolish Literalist says:

    Grandpa got back to the White House and his Tivo and saw something that got him excited

    Donald J. Trump @ realDonaldTrump
    Wow, Report Just Out! Google manipulated from 2.6 million to 16 million votes for Hillary Clinton in 2016 Election! This was put out by a Clinton supporter, not a Trump Supporter! Google should be sued. My victory was even bigger than thought! @ JudicialWatch

    Hillary Clinton @ HillaryClinton 5h5 hours ago
    The debunked study you’re referring to was based on 21 undecided voters. For context that’s about half the number of people associated with your campaign who have been indicted.

  120. 120
    japa21 says:

    The “used to be a Republican” statement is meant as a slam, but really is a compliment. People who make a major change in world view, i.e. from Protestant to Catholic, from any religion to atheism, from even smoking to non-smoking, tend to be the most dedicated to the new system. If they had been really strong in the old system, the change wouldn’t have taken place. Warren has shown the same dedication to the ideal of the Democratic Party since her change. Meanwhile, Bernie hasn’t shown any change at all except becoming even more curmudgeonly.

  121. 121

    @Baud:

    I believe that violates the Geneva Convention.

    DOJ referred to them as “quaint” about 15 years ago.

  122. 122
    MisterForkbeard says:

    @Jim, Foolish Literalist: Good on Hillary.

    The full story is even worse. Basically, there’s a google employee who says the search results were biased against conservatives (Narrator: they weren’t actually biased). Someone else had a study on 21 people about how biased results would affect voting patterns, and extrapolated that out to the ENTIRE electorate. The same people refused to look at Republican and media bias, or to examine the russian influence involved.

    What Trump gets from all this is “Google cost me 16 million votes therefore I won the popular vote”. It’s a fail parade of stupidity, and on par for our utter nutbag of a President.

  123. 123
    Steeplejack (phone) says:

    @JPL:

    It’s slightly complicated, and I don’t remember all the details, since it has now been eight (blesséd) years since I worked at B&N. But they have to preserve the ones they don’t sell to show the distributor that they didn’t really sell them and pocket all the money.

    Also, as someone pointed out upthread, it can vary from store to store. In trendy, “thought leader” areas the Times sells out pretty quickly, but in backwater stores it doesn’t. Your mileage may vary.

    But check soon; the balancing usually happens pretty quickly. At my store the papers were left bundled up at the door each morning before the pre-opening staff arrived. And then the balancing guy would come in once or twice a week to take back the unsold copies and check the numbers. That’s the gap you’re trying to hit.

  124. 124
    OzarkHillbilly says:

    @Baud: I thought Balloon Juice violated the Geneva Convention.

  125. 125
    Jay says:

    New Jersey woman burns down house of man who called her for sex at 4 a.m., then fell asleep https://t.co/oKdr07q73K— Yashar Ali 🐘 (@yashar) August 19, 2019

  126. 126
    MisterForkbeard says:

    @OzarkHillbilly: Nah, just the standards for good taste.

  127. 127

    @Baud: True, I believe in unicorns.

  128. 128
    Baud says:

    @OzarkHillbilly:

    I can see why someone would think we’re a crime against humanity.

  129. 129
    FlyingToaster says:

    @OzarkHillbilly:

    I thought Balloon Juice violated the Geneva Convention.

    Nope. Berne Convention, perhaps, sometimes. (Copyright law joke)

  130. 130
    TenguPhule says:

    ISIS Is Regaining Strength in Iraq and Syria

    Remember when the media blamed President Obama for the return of ISIS?

  131. 131
    Jay says:

    The 1619 Project sure is pulling off some hoods.— Megan Romer (@meganromer) August 18, 2019

  132. 132
    TenguPhule says:

    @Baud:

    I can see why someone would think we’re a crime against humanity.

    I told you the pineapple on pizza was a bad idea!

  133. 133

    Last night was the last of the member evenings at The Huntington, it was late enough to get a picture of the sunset.

  134. 134

    @TenguPhule:

    I told you the pineapple on pizza was a bad idea!

    We love it.

  135. 135
    bluefoot says:

    @Mary G: Yep. They are rightfully scared of her, her platform, and her potential administration. If she continues to rise in the polls, I expect the MSM owners do what they can to tear her down and CEOs to deploy more smoke and mirrors. To which I say a hearty efg “fuckem.”

  136. 136
    Jay says:

    This reactionary propagandist doesn’t even realize that this photo is fucking awesome. https://t.co/oCn2WiSjEr— Ash J (@AshAgony) August 18, 2019

  137. 137
  138. 138
    zhena gogolia says:

    Rick Steves is doing a pretty good program on fascism.

  139. 139
    minachica says:

    @🐾BillinGlendaleCA: Yup! For my 13 year old, it’s “No electronics for a week! Go ride your bike or go to the park.” Physically kind of the opposite of “grounding.”

  140. 140
    Jay says:

    Cops Protect Home Of Officer Who Drove Truck Into ICE Protesters https://t.co/ksh5JcT3Bx #AbolishICE #ACAB pic.twitter.com/Cyr30YMbi2— Ash J (@AshAgony) August 19, 2019

  141. 141
    Gelfling 545 says:

    @Jim, Foolish Literalist: I’m so enjoying Hillary now that she doesn’t have to make nice.

  142. 142
    Jay says:

    Here's the link. Flag it! This cop was allowed to collect a paycheck for over 5 years after killing #EricGarner. He doesn't need anymore money for being a murderer. https://t.co/fy7fN1fDtD— Ash J (@AshAgony) August 19, 2019

  143. 143
    Steeplejack says:

    @JPL, @Steeplejack (phone):

    Final beating of the dead horse:

    If you pursue this mad scheme, you might have to ask to speak to the manager, because the average register/​help-desk drone probably won’t know the story behind the story. They’ll just be like: “Sunday paper?! No way.”

  144. 144
    Anotherlurker says:

    @NotMax: @NotMax: I find the Kirkland branded Irish Whisky to ve very drinkable. On a par with the smoothness of Jamison.
    Flame away, if you all must! ;-)

  145. 145
    Jay says:

    1) After terrorizing Portland on the 17th, Proud Boys are coming back to Seattle for an event in Cal Anderson Park on 9/1. We're asking folx to come out & show the Proud Boys that hate isnt welcome here. Diversity of tactics welcome.@seattleYLF @AntifaSeattle #antifa #DefendSea pic.twitter.com/qgQDSOoM0g— Emerald City Antifa (@wrs_salish) August 19, 2019

  146. 146
    Jay says:

    Here’s video of Trump Advisor Stephen Miller in high school screaming he’s “sick and tired of being told to pick up my trash, when we have plenty of janitors who are paid to do it for us.” Would be a shame if it went viral… again. pic.twitter.com/cpoSGAdOGv— Scott Dworkin (@funder) April 9, 2019

  147. 147
    Citizen Alan says:

    @CliosFanBoy:

    I, likewise, know people who swore up-and-down that Obama raise their taxes. Against Stupidity, the gods strive in vain.

  148. 148
    Jay says:

    Read the Art Spiegelman essay that @Marvel refused to publish in a truly epic act of cowardiceCan you imagine having the stones to tell the creator of Maus that he doesn’t have the right to talk about fascism? https://t.co/q6U8cg4AF0— Laura Hudson (@laura_hudson) August 18, 2019

  149. 149
    Steeplejack says:

    @Citizen Alan:

    I just used this quote (from Friedrich Schiller) earlier this evening in a conversation with a friend about my family’s dynamics (ahem). It is usually rendered as: “Against stupidity the gods themselves contend in vain.”

    Themselves is important, because “the gods themselves” gets across the “even the gods” idea, whereas the plain “the gods contend [or strive] in vain” has a whiff of “Only the gods?” about it.

  150. 150
    Jay says:

    It's pretty remarkable to have a Palestinian American woman at a major press conference hosted by two Congresswomen speak about the fact that she has Never been able to visit her home in Palestine. It is long overdue. https://t.co/Jqv1JkIN2f— Mairav Zonszein מרב זונשיין (@MairavZ) August 19, 2019

  151. 151
    Jay says:

    hard to believe the kids aren't in to capitalism https://t.co/0HUnT1YttO— Alan Scherstuhl (@studiesincrap) August 19, 2019

  152. 152
    Another Scott says:

    Speaking of plutocrats

    Rebecca Schoenkopf, Wonkette Editrix, King Of You @commiegirl1

    well, I guess Trump wins. @Facebook has now determined Wonkette is clickbait for posting true news of @BetoORourke saying Trump’s racist. Beto, you like FB saying your words are clickbait?

    [ graphic ]

    […]

    Rebecca Schoenkopf, Wonkette Editrix, King Of You @commiegirl1 9 hours ago

    @facebook has already reduced Wonkette’s reach by 95%, showing each post to 500 of our 100,000 followers. And now they’ve got Daily Caller doing factchecks but Wonkette is bad news :(

    Rebecca Schoenkopf, Wonkette Editrix, King Of You @commiegirl1 9 hours ago

    Where’s Wonkette’s congressional hearing on social media censorship?

    Rebecca Schoenkopf, Wonkette Editrix, King Of You @commiegirl1 9 hours ago

    (and yes, those completely factual items are @Facebook’s ONLY two examples; I didn’t cherrypick ’em.)

    Zuck and Jack don’t care. But the rest of us should.

    Grrr….

    Cheers,
    Scott.

  153. 153
    A Ghost To Most says:

    Way TF OT: So I pick up my sisters (64 and 61) from DIA, and escort them back to the house, and to Mt. Evans. Nice day, but both definitely enveloped in the fascist right. Nice, weird, shitty, fun day. Families are messy. 12 years away is not enough.

    Luckily, they rarely drink, so alcohol is not involved.

  154. 154
    mrmoshpotato says:

    @Another Scott: Everyone knows Rebecca is a massive plutocrat. Living it up in Montana.

  155. 155
    mrmoshpotato says:

    @Citizen Alan: Obummer raised taxes right after he stole, yes stole, everyone’s guns!

  156. 156
    mrmoshpotato says:

    @zhena gogolia: A new one? Or are you talking about this one.

  157. 157
    A Ghost To Most says:

    @A Ghost To Most: p.s. to John: events precluded getting to the post office today. Spoon goes out tomorrow. I did finally see Buffalo Bill’s gravesite after 10 years. Diid you know Buffalo Bill Cody was a Medal of Honor recipient?

  158. 158
    zhena gogolia says:

    @mrmoshpotato:

    That one. I thought it was new — I’d never seen it. It was on my PBS station tonight.

  159. 159
    mrmoshpotato says:

    @zhena gogolia: Airdate: September 4, 2018 according to IMDB, so it’s pretty new.

  160. 160
    Dan B says:

    @Steve in the ATL: You forgot the snark tag after Akron and Kent cuisine. (Me – born in Akron. Raised nearby.)
    Bath township is nearby and used to be upper middle class and artsy. There may be hope.

  161. 161
    NotMax says:

    @Anotherlurker

    Never tried the Irish whiskey. The Kirkland brand gin is okay in a pinch but wouldn’t choose it over better known brands when they’re on a sale price.

    Kirkland brand American vodka: awful, no ifs, ands or buts about it.
    Kirkland brand French vodka: All told very nice; just a touch ‘harsher’ than Grey Goose, however. Biggest negative is the attractive but possibly most user unfriendly bottle ever. I refill an empty vodka bottle of another brand with the Kirkland.

  162. 162
    Steve in the ATL says:

    @Dan B: I thought the sarcasm was so obvious it didn’t need the snark tags!

    Will check out Bath….

  163. 163
    Steve in the ATL says:

    @A Ghost To Most: you should have fed them to the goats on Mt. Evans.

Comments are closed.