Filed under: Capitalism, Cool Site of the Day, Economy, Freedom, Politics, The United States | Tags: Apple, Economist Mark J. Perry, WalMart
Economist Mark J. Perry, wrote at the American Enterprise Institute:
Why do progressives hate Walmart for low prices and its 3% profit margin but love high-priced Apple and its 24% profit margin?
Evil Walmart makes a lot of money, right? We hear that all the time even though the retail giant’s profit margin was only 3.12% in the most recent quarter. Interestingly, we never seem to hear as much about the much higher profit margin of Apple, the “darling of the progressives.” In the most recent quarter, the computer behemoth with a market capitalization ($725 billion) that exceeds the value of the entire stock markets of Mexico, Thailand and Russia, had a whopping profit margin of 24.2%. No wonder its market cap is so astronomical.
Here’s one way to put Walmart’s 3.12% profit margin in perspective. Over a typical 31-day period like the month of March for example, Walmart generates about $40.5 billion in sales revenue (roughly $1.3 billion per day). To generate that amount of sales, it costs Walmart about $39.3 billion every 31 days to pay for all of its expenses: merchandise to stock its stores, shipping expenses, the cost of labor including fringe benefits, utilities, corporate income taxes, property taxes, payroll taxes, interest expenses, advertising, etc. After incurring all of those costs to provide the merchandise for consumers over a 31-day period, there’s about $1.26 billion left over for profits, which is also 3.12% of the $40.5 billion in sales revenue.
In contrast, Apple’s whopping 24.2% profit margin means that the company can typically cover its costs to operate for 31 days in a little more than three weeks (23.5 days) and it then usually has 7.5 “profit days” every 31 days. That is, for more than an entire week every month, all of the sales revenue collected by Apple during those 7.5 days turns into profits for Apple’s shareholders.
Do read the whole thing. There’s lots more, and a good lesson in both politics and economics. And Progressivism as well.
Filed under: Domestic Policy, Environment, Freedom, Media Bias, News of the Weird, Politics, The United States | Tags: Campaign 2016, Scott Walker, The Silly Season
Another small addition to the idea that we may have way too many aspiring newsmen. It is the first week of April, and we have one announced candidate for the office of President of the United States. Yet the news daily is filled with commentary on the presidential campaign. Most viable potential candidates have already had attacks of one sort or another as reporters strive to be the first one to find a real flaw to knock someone out of the race.
April 1, from The New York Times (not an April Fools Joke): “Scott Walker, Allergic to Dogs, May Run Against Political History:”
The attention to Mr. Walker’s likely candidacy for the Republican presidential nomination has focused on weighty matters such as his battles with the left, faltering forays into foreign policy and conservative stances on social issues including abortion and gun rights. But little notice has been given to an area in which he faces a different sort of constitutional challenge: overcoming his aversion to man’s best friend.
Jeb Bush can lament how he lost a Labrador (named for his brother Marvin) to cancer. Marco Rubio has a Shih Tzu, with a name like a gift from heaven: Manna. Ted Cruz goes one better: His rescue mutt is called Snowflake. (“Dear Jesus, please, please, PLEASE bring us a puppy,” his daughters prayed, according to Mr. Cruz’s Facebook page.) And if Mr. Walker makes it to November, he could face Hillary Rodham Clinton and her toy poodle, Tally.
Mr. Walker, who gives a gloomy stump speech filled with “worry,” perhaps could use a four-legged image softener of his own. But he is allergic to dog dander, an aide confirmed.
Well, says the Times, in that he’s running against the long sweep of American political history. If there was a handbook for candidates, “must love dogs” would be right up front.
Filed under: Democrat Corruption, Foreign Policy, Freedom, Iran, Islam, Media Bias, Middle East, National Security, Politics, Progressivism, The Constitution, The United States
Reported: Obama ordered Secretary Kerry to continue talking in Lausanne even though deadline had passed.
LAUSANNE, Switzerland — (Washington Post) “Negotiators from Iran and major world powers reached agreement Thursday on a framework for a final agreement to curb Tehran’s nuclear program in exchange for relief from international sanctions an accord that President Obama hailed as a “good deal” that would make the world a safer place.”
Obama appeared in the Rose Garden to say that the U.S. and its partners “reached a historic understanding with Iran which if fully implemented, will prevent it from obtaining a nuclear weapon.”
Poor Obama, He is so desperate for “a deal” that he has turned over everything the Iranians could possibly want, in return for some vague promises that will be meaningless. Close observers have said that he expects this ‘accomplishment’ to equal Nixon’s opening up China. Instead he may have signed America’s death warrant, and Israel’s.
America is an open society, we hang most of our secrets out on a clothesline for all the world to see — and hackers get a good percentage of the rest. Hardening off our electric grid? EMP attacks? Just yesterday some Russian expert suggested that the best way to end America would be to drop a nuclear bomb on Yellowstone. Not defeat — destroy. When is the last time that The United States of America ever suggested destroying another country?
Obama’s speech in the Rose Garden was so full of straw men that it was embarrassing. He even claimed the authority of a push poll yesterday that asked such a mushy-soft question that both Hitler and Mother Teresa would have signed on. UN Officials have said that Iran is already blocking their efforts to track what is going on in their nuclear program. We not only don’t know how advanced their program is, we don’t know for sure how many facilities they have.
Thomas Sowell wrote today:
The Soviet Union was never suicidal, so the fact that we could annihilate their cities if they attacked ours was a sufficient deterrent to a nuclear attack from them. But will that deter fanatics with an apocalyptic vision? Should we bet the lives of millions of Americans on our ability to deter nuclear war with Iran?
It is now nearly 70 years since nuclear bombs were used in war. Long periods of safety in that respect have apparently led many to feel as if the danger is not real. But the dangers are even greater now and the nuclear bombs more devastating.
Clearing the way for Iran to get nuclear bombs may — probably will — be the most catastrophic decision in human history. And it can certainly change human history, irrevocably, for the worse.
The Iraqi Prime Minister said “We will continue enriching. We won’t close facilities and all sanctions will be terminated.” Obama seems to believe that they are just developing nuclear energy for peaceful domestic purposes. If so, why the intercontinental ballistic missiles? And why, when they are a major oil-producing country, do they need nuclear energy? We don’t even know how close or far their development of a bomb is — Obama is claiming 10 years, too far away to be blamed on him, but other sources say as little as 45 days.
We had a powerful restraint in place. Iran supposedly requires a $130 per barrel price for oil to break even, and the price has dropped below $50. Obama compared himself to Richard Nixon and to John Kennedy negotiating nuclear deals with the Soviet Union, but both of them submitted their agreements to Congress for approval.
Filed under: Capitalism, Domestic Policy, Economy, Engineering, Freedom | Tags: Awesome Machines, f, Factory Farming, Logging Transformed
Look what the Industrial Age hath wrought! Hard jobs being made easier and faster, with fewer people. If you find this fascinating, click on the YouTube link, there are more compilations there. This doesn’t even begin to get into the story of how factory work is changing.
Filed under: Democrat Corruption, Freedom, History, National Security, News of the Weird, Politics, Statism, The United States | Tags: American History, Political Correctness, The Job of The Schools
April 19, 1775, some 700 British troops arrived in Lexington and came upon 77 militiamen gathered on the town green. A British major yelled “Throw down your arms! Ye villains,ye rebels!” The vastly outnumbered militiamen had been ordered by their commander to disperse when a shot rang out. No one knows which side fired first, but several British volleys were unleashed before order could be restored. When the smoke cleared, eight militiamen lay dead and nine were wounded, while only one Redcoat was injured. The British troops marched on to Concord to search for rebel arms.
The “shot heard round the world” was fired at Concord Bridge, and nearly 2,000 militiamen harassed the British from behind trees, walls and houses as they returned to Boston, 18 miles away.
Students at Lexington High School are presumably conscious of local history, so the dance committee picked “American Pride” as the theme for their upcoming dance.
Students said the administration canceled an “American Pride” dance because it excluded other nationalities, despite the theme getting the most votes from the dance committee.
School officials defended their decision and added they are willing to tweak the theme in order for everyone to be included.
Well, there you go. Is anyone surprised that a public school would feel that “national pride” would be “more inclusive.” Blah, blah, diverse demography of our community. The idea of America is that people from many nations and many different origins can come to America and become Americans. Supposedly, that is why they are here — to become Americans.
The results were predictable, a little publicity and the school caved, the “National Pride” Dance was rescheduled for late April and students can even wear red, white and blue if they so choose.
This needs more than a sigh, and a “there they go again” response. It is ubiquitous in our school systems. “Diversity” and “social justice” and “inclusiveness” are just a few of the words that indicate a mindset that inflicts the establishment that is supposed to be teaching our children reading with understanding, writing with clarity, mastering mathematics, understanding the basic sciences of biology, chemistry and physics, learning about history and government.
We know from international comparisons that our schools are doing a lousy job of that, and graduating kids who cannot master the basics, but they’re well up on the Left’s touchy-feely pap. We are losing our country, and losing the future because we are not alarmed enough. Most of us can’t yank our kids out of school and afford a private school, or quit our jobs and homeschool. Are you ready to attend some school board meetings and raise hell? Did you actually know anything about the school board members you voted for? Do you read your kids’ textbooks and talk to them about their assignments?
You will notice the little militiaman on the school sign. The kids get it, but the staff doesn’t.
“People consider America to be a melting pot, so the fact that it was even considered offensive is what people are a little surprised about,” said student Sneha Rao.
Filed under: Capitalism, Democrat Corruption, Economy, Freedom, History, Humor, Liberalism, Politics, Progressivism, The United States | Tags: Bill Whittle, How To Deal With Collectivists, Liberals and Progressives
This is a post saved from 2013. Bill Whittle addresses the Western Conservative Summit in Colorado, with some instructions on how to deal with progressives. A lesson in which we all need a refresher.