What they lost was not worth having if they got sick and last I checked, having insurance is supposed to protect you when you get sick. It just removed another scam that was designed to have insurance companies take money from people and get nothing in return. You can't blame the people though because they thought they had insurance and those policies are so full of double talk that there is no way they could understand what they had. Even lawyers have a hard time trying to figure out those purposely misleading polices. Why are you so negative on anything that helps Americans? Now go and read the latest report instead of having Fox tell you what to think. I assume you live in this country so why not try to act like an American that loves their country?
and now three out of ten people signing up are young adults. Nice! Obamacare is looking better and better. Appears its going to be a big success.
You don't believe in those polls? I guess you were among the fox crowd in 2012 who didn't believe the polls and said Romney would win. I'm talking about the real polls, not the tilted and tainted Rasmussen polls. Not just the presidential race but in races all across the country they had republicans doing much better then what turned out to be reality. Its called fooling the foolish to get them to show up to the polls.
Better find somebody else. The polls show that Hillary would destroy both of them and that she would beat them even in their home state.
It appears that 72% is growing each day. If you don't have at least 20 million in the bank and hate other people, the republican party has nothing to offer a person.
WMT has a lock on that title. Trying to take that title away by anyone else would be like the Green Bay Packers playing an 8 year old midget gunner football team. Its not contest.
Then they wonder why nobody trusts them anymore.
That shows the power of Amazon. No other retailer would be able to get the postal service to even think about Sunday delivery.
There are some in the GOP who want to make Romney their nominee again. That just shows the GOP has nobody to offer. These days, in both the democratic and republican parties, you are allowed to run for president once and if you lose, the party bosses will not support you if you try and run again. The fact that some are looking at Romney again is as bad a comment about your potential candidates as you will ever get. Let them bring the 1% car elevator boy back. It will be even worse then the first time. Not that it matters because any one of them will be a disaster.
Turns Out Anti-Union Volkswagen Workers May Have Screwed Themselves And The South
February 20, 2014 - 5:06pm
Volkswagen employees may have made a huge mistake when they rejected union membership on Friday.
Employees at VW's Chattanooga plant voted against representation by United Auto Workers, leaving the factory as the only Volkswagen plant worldwide without a formal mechanism for workers' representation.
The German "co-determination" model mandates works councils, which connect employees to management, at all large German companies. Following the union vote, the head of Volkswagen's works council told German newspaper Sueddeutsche Zeitung that the automaker would hesitate to expand in the U.S. South.
"I can imagine fairly well that another VW factory in the United States, provided that one more should still be set up there, does not necessarily have to be assigned to the South again," said works council leader Bernd Osterloh.
I guess taxpayers are tired of paying the expenses of big corporations who refuse to pay their workers enough money to even survive on.
The vast majority of Americans support increasing the national minimum wage, according to a recent poll commissioned by the National Employment Law Project Action Fund, a non-profit group that supports increasing the minimum wage.
The poll, which was conducted by the public opinion research firm Hart Research Associates, found 80 percent of the respondents agree that the minimum wage should be raised to $10.10 an hour and increased periodically to account for rising costs.
Support for the measure among registered Democrats was especially high, with 92 percent in favor of the proposal. Among Republicans, 62 percent supported the wage increase. About three quarters of the respondents said that raising the minimum wage should be a top Congressional priority.
A recent study from Restaurant Opportunities Centers United found that raising the minimum wage would have significant economic benefits. The report estimates that 58 percent Americans living below the poverty line would no longer struggle with hunger if the minimum wage were raised to $10.10 an hour.
The NELP poll was released as the minimum wage debate plays out on the national stage and in cities around the country. President Obama has called on Congress to increase the minimum wage to $9 an hour, a proposal Republican lawmakers oppose.
The federal minimum wage, which is currently $7.25 per hour, has not been raised since July 24, 2009. As of now, the House of Representatives has not had a hearing on the issue this year, according to CNN. No votes are currently scheduled.
So I guess you'd have to be against getting people off welfare that the taxpayers pay for and against making corporations take responsibility for paying their own workers. I don't see how you could be against it but there are some strange people in this world.
Of course just like Chris Christie he saw nothing heard nothing and knew nothing about everything going on around him even though emails tell a totally different story. Is there an honest Republican? I'm not seeing any.
Costco and Amazon Are Hurting Wal-Mart
By Andrés Cardenal | More Articles | Save For Later
February 20, 2014 | Comments (1)
Wal-Mart (NYSE: WMT ) reported lackluster financial performance on Thursday, and management is blaming the company's problems on a variety of economic headwinds. On the other hand, competition from players like Amazon (NASDAQ: AMZN ) and Costco (NASDAQ: COST ) seems like a much more worrisome risk for investors in Wal-Mart over the long term.
A stagnant giant
Wal-Mart reported net earnings of $1.6 per share for the three months ended on Jan. 31. This was marginally above analyst´s expectations of $1.59 per share, but 4% lower than the $1.67 per share the company earned in the same period last year.
Total revenues increased 1.5%, to $129.7 billion, in the quarter; however, the company delivered declining same-store sales in the U.S., both for the quarter and the full year. Comparable store sales in Wal-Mart U.S. declined 0.4% in the 14 weeks ended on Jan.31, and 0.6% during the 53-week period.
Even worse, guidance for fiscal 2015 was particularly weak. Management is expecting earnings per share in the range of $5.1 to $5.45, materially lower than the $5.54 per share estimated on average by Wall-Street analysts.
The company also announced a lackluster dividend increase of 2%, from $1.88 per share to $1.92. Wal-Mart has a long trajectory of recurrent dividend increases, which has now reached 41 consecutive years, so the company is understandably trying to stay on track and continue building its dividend growth track record.
However, a 2% increase cannot be interpreted a vote of confidence when it comes from a company that used to increase payments at a much more vigorous rate in recent years. As a reference, in February of 2013, Wal-Mart raised dividends by 18%; management seems to be taking a defensive position with the uninspiring dividend increase announced for this year.
Wal-Mart blamed its weak performance and lower-than-expected guidance on a variety of economic and cyclical headwinds:
Some of the factors affecting our consumers include reductions in government benefits, higher taxes and tighter credit. Further, we have higher group health care costs in the U.S. These concerns, combined with investments in e-commerce, will make it difficult to achieve the goal we have of growing operating income at the same or faster rate than sales. In October, we forecasted a 3% to 5% net sales increase for fiscal 2015. Given these factors and the ongoing headwind from currency exchange, we expect to be toward the low end of the net sales guidance.
A changing competitive landscape
Harsh weather, and weak consumer spending, have been a very real problem for different companies in the retail business lately. However, Costco is facing the same challenging environment as Wal-Mart, yet the company is reporting far better performance.
Costco announced an increase of 5% in comparable sales in the U.S. during the 22-week period ending on Feb. 2 when excluding foreign exchange fluctuations and the impact of gasoline prices. U.S same-store sales during January grew by the same amount versus January 2013.
Costco's performance compares quite favorably versus the 0.1% decline Wal-Mart reported in Sam's Club comparable-store sales, excluding fuel, for the 14 weeks ending Jan. 31. Costco is not only outgrowing Wal-Mart on a total sales basis, but also when it comes to its direct competitor in the warehouse business, Sam's Club.
Amazon is unquestioningly the most disruptive force that the retail industry has seen in decades, and the company continues gaining market share in different categories as time goes by. Total sales during the fourth quarter of 2013 increased by 20%, to $25.59 billion, and North America was even stronger with a 26% increase in sales, to $15.33 billion, during the period.
Amazon now has "tens of millions" of members in its Amazon Prime program. This increases the frequency of purchases and the average transaction amount, and it's also a powerful tool for Amazon to consolidate customer loyalty and strengthen its competitive position in the industry.
Online is a key area in the retail business, and Wal-Mart is showing considerable progress in that segment, with global e-commerce sales growing by 30%, and the company surpassing the $10 billion mark in e-commerce revenues during the year.
However, as online becomes an increasingly bigger part of the retail business, the changing battlefield will most likely benefit Amazon more than Wal-Mart in the retail war.
The economic environment has been quite challenging for different retailers lately, and Wal-Mart cannot be expected to be immune to industry headwinds. On the other hand, the company seems to be clearly losing market share versus competitors like Amazon and Costco, and this could be a far more serious and permanent problem for Wal-Mart, as opposed to transitory economic headwinds.
How to profit from the death of Wal-Mart
and take them off the welfare roles, paid for by the taxpayer.
Former Secretary of State Hillary Clinton beats out seven possible presidential candidates in the GOP by significant margins in the important swing state of Ohio, according to the latest poll from the Quinnipiac University Polling Institute.
In a matchup against New Jersey Gov. Chris Christie, former Florida Gov. Jeb Bush, Florida Sen. Marco Rubio, Kentucky Sen. Rand Paul, Wisconsin Rep. Paul Ryan, Texas Sen. Ted Cruz, and Ohio Gov. John Kasich, Clinton sweeps every candidate by double digits except Ryan, whom she surpasses by 9 points — 49 percent to 40 percent
Smart move by Gap. Higher minimum wages are coming and that's a certainty and it will be very advantageous to get out in front.
Geddy Lee and Rush are a great group but they are Canadians from Toronto. Odd choice when you're trying to push your fake Americanism. It would be like the Tea Party using Larry Craig for a TV commercial slamming homosexuality. The brain trust at Bentonville seems to be void of brains.