The Awl http://www.theawl.com/ Be Less Stupid Wed, 28 Jul 2010 13:26:01 +0000 en hourly 1 http://wordpress.org/?v=3.0.2 Patrick Carlson on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-127504 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-127504#comments Wed, 28 Jul 2010 13:26:01 +0000 Patrick Carlson http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-127504 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-127504/feed 0 Art Yucko on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126081 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126081#comments Sat, 24 Jul 2010 08:20:26 +0000 Art Yucko http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126081 lean years. But either way, gentlemen... it's going to rain." -Don Draper (heh!)]]> lean years. But either way, gentlemen... it's going to rain." -Don Draper (heh!)]]> http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126081/feed 0 Art Yucko on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126080 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126080#comments Sat, 24 Jul 2010 08:17:21 +0000 Art Yucko http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126080 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126080/feed 0 Art Yucko on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126079 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126079#comments Sat, 24 Jul 2010 08:14:24 +0000 Art Yucko http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126079 Private companies. This is a subject that interests me too. On the face of it you would naturally think that absent shareholders, a company could do more with all that extra profit that doesn't have to be doled out to the toe-tapping, impatient shareholders. The downside and the occasional reality of this, though, is that such companies and their management are technically accountable to no one- and if their presence is big enough in a community, any strategic or financial missteps on their part can have just as negative an effect on that community as a publicly held corporation's would. We have one such private company here, whose base product is a product that many people in America just aren't purchasing anymore. (-cough-rhymeswithballpark.) If we want to talk about "black boxes"... the company's finances are a complete cypher. Layoffs are frequent there, even during good times, and this is well-known throughout the community. Employees seem to be in a constant state of either unknowing, denial and/or fear about what's going to happen to them or their department. They are constantly forced to relocate their offices to other areas and vast stretches of the corporate headquarters complex sit empty. The company's manufacturing presence in this area has shriveled to a wisp of what it once was... meanwhile it buys brands and gets into the content-licensing game and there are a number of who-knows-what-is-going-on-behind-the-curtain-here scenarios involving real-estate properties and smaller businesses that they own "indirectly"... probably an elaborate collection of tax-write-offs, no doubt? This company occasionally informs a media outlet or two of "the current state of things that we have decided you should probably know" yet there is no real way to know exactly how much or how little profit they are making and what their financial future looks like. They may not have shareholders they are beholden to, but in a sense, their shareholders are this very community itself. Without their presence, this city would suffer pretty severe economic fallout and everyone here knows it.]]> Private companies. This is a subject that interests me too. On the face of it you would naturally think that absent shareholders, a company could do more with all that extra profit that doesn't have to be doled out to the toe-tapping, impatient shareholders. The downside and the occasional reality of this, though, is that such companies and their management are technically accountable to no one- and if their presence is big enough in a community, any strategic or financial missteps on their part can have just as negative an effect on that community as a publicly held corporation's would. We have one such private company here, whose base product is a product that many people in America just aren't purchasing anymore. (-cough-rhymeswithballpark.) If we want to talk about "black boxes"... the company's finances are a complete cypher. Layoffs are frequent there, even during good times, and this is well-known throughout the community. Employees seem to be in a constant state of either unknowing, denial and/or fear about what's going to happen to them or their department. They are constantly forced to relocate their offices to other areas and vast stretches of the corporate headquarters complex sit empty. The company's manufacturing presence in this area has shriveled to a wisp of what it once was... meanwhile it buys brands and gets into the content-licensing game and there are a number of who-knows-what-is-going-on-behind-the-curtain-here scenarios involving real-estate properties and smaller businesses that they own "indirectly"... probably an elaborate collection of tax-write-offs, no doubt? This company occasionally informs a media outlet or two of "the current state of things that we have decided you should probably know" yet there is no real way to know exactly how much or how little profit they are making and what their financial future looks like. They may not have shareholders they are beholden to, but in a sense, their shareholders are this very community itself. Without their presence, this city would suffer pretty severe economic fallout and everyone here knows it.]]> http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126079/feed 0 Scum on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126074 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126074#comments Sat, 24 Jul 2010 04:45:44 +0000 Scum http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126074 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126074/feed 0 scrooge on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126054 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126054#comments Fri, 23 Jul 2010 22:15:58 +0000 scrooge http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126054 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126054/feed 0 Mindpowered on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126050 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126050#comments Fri, 23 Jul 2010 22:01:51 +0000 Mindpowered http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126050 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126050/feed 0 Mindpowered on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126049 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126049#comments Fri, 23 Jul 2010 22:00:22 +0000 Mindpowered http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126049 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126049/feed 0 droskill on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126038 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126038#comments Fri, 23 Jul 2010 20:24:42 +0000 droskill http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126038 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-126038/feed 0 alannaofdoom on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125992 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125992#comments Fri, 23 Jul 2010 17:04:13 +0000 alannaofdoom http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125992 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125992/feed 0 barnhouse on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125978 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125978#comments Fri, 23 Jul 2010 16:35:08 +0000 barnhouse http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125978 not so much. With the recent Post revelations of insane waste in the intelligence agencies, it is pretty clear that the tide is finally going to turn, there (unless the Dems suffer a huge defeat in the midterms, of course.)]]> not so much. With the recent Post revelations of insane waste in the intelligence agencies, it is pretty clear that the tide is finally going to turn, there (unless the Dems suffer a huge defeat in the midterms, of course.)]]> http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125978/feed 0 barnhouse on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125967 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125967#comments Fri, 23 Jul 2010 16:30:56 +0000 barnhouse http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125967 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125967/feed 0 Aloysius on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125954 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125954#comments Fri, 23 Jul 2010 16:13:24 +0000 Aloysius http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125954 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125954/feed 0 sallytomato on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125926 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125926#comments Fri, 23 Jul 2010 15:42:54 +0000 sallytomato http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125926 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125926/feed 0 LondonLee on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125912 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125912#comments Fri, 23 Jul 2010 15:23:11 +0000 LondonLee http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125912 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125912/feed 0 brent_cox on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125902 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125902#comments Fri, 23 Jul 2010 15:09:41 +0000 brent_cox http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125902 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125902/feed 0 migraineheadache on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125888 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125888#comments Fri, 23 Jul 2010 15:00:37 +0000 migraineheadache http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125888 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125888/feed 0 barnhouse on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125877 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125877#comments Fri, 23 Jul 2010 14:52:14 +0000 barnhouse http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125877 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http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125860#comments Fri, 23 Jul 2010 14:40:31 +0000 laurel http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125860 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125860/feed 0 KarenUhOh on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125859 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125859#comments Fri, 23 Jul 2010 14:40:07 +0000 KarenUhOh http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125859 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125859/feed 0 Aloysius on The Economy: Why It Sucks http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125857 http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125857#comments Fri, 23 Jul 2010 14:39:25 +0000 Aloysius http://www.theawl.com/2010/07/the-economy-why-it-sucks#comment-125857 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