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Walmart Fact Checks The New York Times, River Of Red Ink Ensues

Tyler Durden's picture




 

2014 has not been kind to Walmart: as we have covered every earnings release this year, the largest corporate entity in the world by employees (second only to the US Dept of Defense and the Chinese army) has had to find repeated excuses why its revenues and earnings have consistently missed, and why its traffic keeps declining, most recently in "Walmart Misses Across The Board, Guides Lower: Blames It On Weather, Obamacare And Taxes." Actually, 2013 wasn't Walmart's year either: recall when early last year Wal-Mart revealed that "February Sales "Total Disaster", Worst Monthly Start Since 2006" only to see its operations drift lower as the company was once again impacted by both the change in US tax policy and a modest reduction in welfare handouts.

Some could say Walmart is fighting to stay relevant in a world in which only retail outlets that cater to the uber-wealthy are outperforming, while all those whose bottom line depends on the welfare of the non-1%, are suddenly finding themselves scrambling to agree with all the "recovery" propaganda,

But while the company is doing what it can to make sure the billions in shareholder wealth of the Walton family isn't impacted due to its over-reliance on cheap Chinese imports and the disappearing disposable income of the US lower/middle classes (or, as Germany would put it, leave it in the "safe hands" of the Federal Reserve) it is happy to engage in a tete-a-tete with its liberal arch nemesis, the New York Times, and specifically an article written last week by Tim Egan titled "The Corporate Daddy" in which it slams WMT's minimum wage policy.

Well, after taking endless abuse from the NYT not just here but in many other opinion pieces in the recent past, WMT decided to finally "slam" back, releasing its own fact-check of the NYT op-ed, in which it finds that most of the assertions used by the NYT are, how should one say, lacking.

In the end of the day, it is difficult to say who is right: the liberal media outlet or its arch-nemesis, and the symbol of all that the left hates about corporate America, Walmart.

Either way, now that Walmart, and its billions in fungible funding - is finally fighting back against the largely cash strapped NYT, things are about to get interesting.

From Walmart's blog:

We saw this article in The New York Times and couldn't overlook how wildly inaccurate it is, so we had some fun with it. I hope you will too.

Here are the links we mentioned in our edits:

1. Associate story re: public assistance: https://www.youtube.com/watch?v=2WwGhOhRH38
2. Ed Schultz on Polifact.com re: public assistance: http://www.politifact.com/punditfact/statements/2014/may/23/ed-schultz/ed-schultz-says-walmart-worke...
3. Jason Furman on Walmart and the economy: http://www.slate.com/articles/news_and_politics/dialogues/features/2006/is_walmart_good_for_the_amer...

 

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Mon, 06/23/2014 - 16:38 | 4886903 DoChenRollingBearing
DoChenRollingBearing's picture

WMT > NYT

Mon, 06/23/2014 - 16:52 | 4886933 hedgeless_horseman
hedgeless_horseman's picture

 

 

Shop locally, bitchezzz!!! 

It isn't that hard to understand.

Give your capital a chance to come back to you and your family.

Stop sending your capital out of town to Wal-Mart, Wall Street, and The Great Wall. 

Take this oath:

"I, ________________, do solemnly swear to never shop at Wal-Mart again, so help me God."

Mon, 06/23/2014 - 16:53 | 4886959 Omegaman2211
Omegaman2211's picture

I'm not going to swear to some non-existent being to not shop at some place that offers a lot of convenience and good prices. Sorry!

Mon, 06/23/2014 - 17:02 | 4886998 pods
pods's picture

If Walmart could charge $5 bucks for a cup of coffee and have people go apeshit over it they certainly could toss around some more coin.

pods

Mon, 06/23/2014 - 17:23 | 4887066 lordylord
lordylord's picture

Read the very first sentence of the letter.  THE GOVERNMENT IS NOT MEANT TO DO ANYTHING TO HELP AMERICANS.  THE GOVERNMENT IS NOT MEANT TO KEEP ANYONE SAFE.  THE GOVERNMENT IS MEANT TO PROTECT LIBERTY.  THAT IS ALL.  GET THAT THROUGH YOUR HEADS!

Mon, 06/23/2014 - 18:05 | 4887189 Oldwood
Oldwood's picture

You make me feel unsafe

Mon, 06/23/2014 - 18:24 | 4887230 tmosley
tmosley's picture

Honestly, Walmart can go fuck itself.  They started playing the lobbying game in a bid to illegitimately undermine their competition.  It is an absolute discrace to the Walton name.  

 

Mon, 06/23/2014 - 18:17 | 4887218 Malachi Constant
Malachi Constant's picture

THE GOVERNMENT IS MEANT TO PROTECT LIBERTY

of the government. There, finished it for you.

Mon, 06/23/2014 - 18:57 | 4887331 stacking12321
stacking12321's picture

the bureaucracy is expanding to meet the expanding needs of the bureaucracy

Mon, 06/23/2014 - 18:31 | 4887239 vie
vie's picture

Not that I disagree, but there is such a thing as "negative libery".

'Freedom for the pike is death for the minnows'; the liberty of some must [unfortunately] depend on the restraint of others."

Right now it seems like Bankers are getting all the "liberty" they want at the expense of everyone else ...

Tue, 06/24/2014 - 21:00 | 4891553 TheRedScourge
TheRedScourge's picture

It is not within the standard meaning of liberty to use force to limit someone else in a way that infringes on their liberties. If one directly, or indirectly (i.e. through government power) does this, then they are NOT merely exercizing their liberties. Let's be clear about that.

Mon, 06/23/2014 - 18:40 | 4887267 Bangin7GramRocks
Bangin7GramRocks's picture

The government subsidizes their payroll! Without food stamps, Medicare and the 50 other programs, it's employees would be malnourished sickly and toothless. Fuck you WalMart! As a tax payer, I want my money back.

Mon, 06/23/2014 - 20:40 | 4887691 americhinaman
americhinaman's picture

I'm neutral on this issue... I see your argument, but here is the other side of that.

Does the govt subsidize Walmart employee incomes?  Or does Walmart subsidize US govt welfare programs?  Walmart is a company designed to offer the lowest prices for necessity items, and that business model depends on hiring an enormous number of entry-level, unskilled workers.  I'd guess that 95% or more of Walmart workers would be otherwise unemployed and entirely on the dole.  The fact that they pay an average starting wage that's a few bucks over minimum wage is pretty impressive already.  

Then there is a small minority of those unskilled laborers, who are hard-working and skilled enough to climb the ranks to manage a department, then store, then region, and more.  I'm sure they also hire professional managers at high wages, but again that's a minority and hopefully they do the cost analysis and fire high-paid workers who don't deliver results.

Anyways, it's just an alternate view on this issue.  Perhaps Walmart provides America with necessity items at the lowest price possible (staving off inflation as best they can for the masses), while providing unskilled jobs for the masses who no longer have any other unskilled job options.

Mon, 06/23/2014 - 17:02 | 4886999 MachoMan
MachoMan's picture

Given that I'm in Arkansas, the money I spend at walmart ends up coming back to me in various ways...  one notable is walmart's incubator otherwise known as the university of arkansas at fayetteville...  oh, and all the other shit I get to buy because it's so much cheaper than the local scalpers.

There are some things that local producers can eat walmart's lunch, e.g. fresh produce, but most things are better purchased at the big box store or online (often cheaper and more convenient than walmart).  If you want me to buy local, then sell me on the product...  locally grown produce at a fraction of the cost of the store and a helluva lot better (and better for me)?  Sold!

Mon, 06/23/2014 - 17:43 | 4887074 thatthingcanfly
thatthingcanfly's picture

I live in Arkansas too; and I refuse to shop at Walmart because I have a moral objection to its business model. The company moves into a new town, immediately begins undercutting all the smaller businesses' prices, driving them to closure. The once vibrant downtown areas cease to be the civic centers they once were. Then property values decline, because many of the (former) entrepreneurs are unemployed, and have to sell their homes and land to downsize, etc. etc. Then crime springs up where before there was none. Walmart hires some of the unemployed people they put out of business, and hilariously claims they're "creating jobs." Then they're free to raise prices, as the Walmart is the only show in town anymore.

I really don't care too much about what kind of wage the company pays its "associates." This company has destroyed many communities across the country. And people keep shopping there, because they think in the short-term, rather than the long.

Better by far to shop at the "local scalpers" MachoMan. You may have to part with a little extra cash today, but you get to keep from losing your house tomorrow.

Mon, 06/23/2014 - 18:11 | 4887205 Oldwood
Oldwood's picture

It doesn't matter if it is Walmart or Joe Blow, someone will sell you the rope for your own hanging if its cheap enough. We have exported all of our jobs either to China or to our domestic illegal labor contingent by simply buying the "good deal". We now have the result, but at least we are afforded the corporate devils that many rely on for their living for giving us what we asked for. Large well lit stores with massive selections and everyday low prices. The path to hell is typically well adorned, otherwise who would go there. Ever wonder why hookers dress the way they do?

Mon, 06/23/2014 - 18:45 | 4887286 MachoMan
MachoMan's picture

This is complete nonsense.  Just because someone lives locally doesn't mean their money stays local...  and it only benefits anything when that money is spent and turned over in the local economy.

If you want to compete as a local business, then you'll need to provide a better value.  With higher energy costs, local producers of things will become more important and can undercut imported items.  Further, a local producer may provide higher quality items than their foreign counterparts.  However, the local business must still go through the effort of doing it.  You don't just get to demand I shop in your store for the hell of it.  I see no difference between that and a welfare recipient...

Tue, 06/24/2014 - 08:04 | 4888645 thatthingcanfly
thatthingcanfly's picture

Spending money at local businesses MAY NOT GUARANTEE that the money will be recycled into the local economy; but spending money at Walmart DOES GUARANTEE that your community's wealth will be exported to Bentonville.

On value, you make some good points. I have found instances where the local small businesses can actually undercut the big box stores. These cases are insufficient, however, to ensure small business survival when competing with the Walmarts out there - at least under current market conditions. But even in instances where this is not the case, I will pay slightly more for a product if it means I can avoid shopping at Walmart, because i recognize the long-term destructive consequences of the inverse. (Spend more now on consumables to save more later on my property value, to repeat my earlier example.)

The comparison of small business patronage to welfare recipients is a pathetic straw man argument, which I'm not even going to dignify with a response.

You are viewing this subject through the wrong lens.

Tue, 06/24/2014 - 16:34 | 4890643 MachoMan
MachoMan's picture

The comparison of small business patronage to welfare recipients is a pathetic straw man argument, which I'm not even going to dignify with a response.

And why would you have to explain yourself...

You are viewing this subject through the wrong lens.

Which lens would that be?  The one that everyone else uses?  The one I was born with?  The one that makes demands on my wallet?  I realize it's difficult for some people to fathom that they don't have all the right answers or that it may be strange not to tell others what to do, but jesus...  give me a break.

The issue is simple: you have nothing more than your own feelings to support your actions, err demands, to shop locally.  Effectively, you're asking us all to drop what we're doing and join a commune.  If everyone did as you're asking, then from where would the money come into your locale?  You may be productive, but you're at the mercy of the local community for profits and utilization.  Only consumers have to buy local, but businesses do not?  (hint: this is why mom and pop got killed, they were selling the same junk as walmart).  Yes, those magical local businesses were buying chinese shit too in order to sell to the dumb asses that are demanded to only shop at locally owned stores. 

What price is too high to buy locally?  Oh, so you're also demanding price controls/ranges?   

Again, the end game of what you're demanding is a commune...  I produce and sell locally and only local people buy my wares...  we do each others' laundry and call it an economy.  We own the shirts on our backs, but that's about the extent.  It may be great on an incredibly small scale of like-minded people, but the real world is entirely different and more complicated.

Mon, 06/23/2014 - 18:25 | 4887232 Baby Eating Dingo22
Baby Eating Dingo22's picture

How many of those minimum wage Walmart asociates are you subsidizing through entitlements you're eventually paying for come April 15 so Wally World can sell you all that "cheap" crap?

You want your kids working for 20 cents and hour and thick smog covering Arkansas so you can pretend you're saving a few bucks up front only to learn you're paying dearly on the back end?

Mon, 06/23/2014 - 18:41 | 4887270 MachoMan
MachoMan's picture

If you want to fight gravity, be my guest...  what you and hedgeless are each arguing about is human nature...  and taking it out on walmart.  Amazon or any other retailer could have just as easily killed mom and pop and it was inevitable to occur.  Ask yourself what value a local retailer provides if they charge more for the same good or service?

Remember kids, America's vibrant middle class was NEVER sustainable...  it was a speck on the timeline.

Mon, 06/23/2014 - 17:11 | 4887017 max2205
max2205's picture

Watch on empty stomach

http://www.peopleofwalmart.com

Mon, 06/23/2014 - 23:33 | 4888174 bh2
bh2's picture

Detroit earned its bankruptcy and ruin, which had nothing to do with outsourcing.

It was because of a dominant corporate culture of indifference to quality, indifference to innovation by competitors, indifference to stockholder interests, and (greatest of all crimes) indifference to interests of consumers who discovered they could buy far better quality from foreign competitors at comparable or lower prices. And that industry was what gave Mo-Town an equally indifferent and incompent city management.

Why GM fell is why Detroit fell. Both were corrupt to the core. The only company to survive the great market contraction without a government handout was Ford, not least because leadership of that company recognized years before what leaders of the other major companies did not -- and they took corrective action.

GM is now selling more cars in China because that's where majority auto demand is from consumers attracted to the current line of GM autos. Why many US buyers bailed out on Detroit manufacturers goes back to decades of indifference to customers. The burgeoning Chinese consumer market is a new phenomenon and Chinese customers have never (yet) had that experience. The new GM management had best maintain a laser focus on making sure that doesn't happen. Just as their major competitors always have.

Once reputation is lost, its very hard to recover. But if history is any guide, there's nothing to say GM can't also screw up the Chinese market opportunity. In the end, their fortune rests on paying attention to customer demands, whether those customers are in China, the US, or on Mars.

Detroit is an economic basket case mainly because its industrial base fell to competitors owing to generations of indifference and incompetency by inbred private (and public) leadership in Mo-Town, along with generations of fat-cattedness promoted by union leaders and their members who believed the core business model was a perpetual-motion gravy train which they were entitled to ride on first class and forever. As they did -- right up until the wheels came off.

Mon, 06/23/2014 - 17:21 | 4887011 prymythirdeye
prymythirdeye's picture

Great Comment turd.  Why don't you read some of hedgeless's posts before yapping your opinion.

Mon, 06/23/2014 - 17:12 | 4887036 PenguinMan
PenguinMan's picture

Then you have some sort of proof, using sane and scinetific methods that God doesn't exist, including a reproducable protocol any of your peers can reproduce the same results?

Would love to see that.

Otherwise I am suggesting you are insane for attempting to believe in the nonexistence of something you cannot prove.

Mon, 06/23/2014 - 17:20 | 4887065 NotApplicable
NotApplicable's picture

At heart, atheists are by and large the most fundamental of any religious group.

Mon, 06/23/2014 - 18:14 | 4887213 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Everyone believes in God. It is what one believes about God. Athiests just believe God is absent. 

Mon, 06/23/2014 - 17:53 | 4887154 bonin006
bonin006's picture

Then you must also believe in the flying spaghetti monster, I assume.

Tue, 06/24/2014 - 04:10 | 4888476 StychoKiller
StychoKiller's picture

May his noodly appendages always touch you!

Mon, 06/23/2014 - 18:13 | 4887210 Oldwood
Oldwood's picture

One thing I learned years ago, you can't prove anything to someone who doesn't want to believe. Proof is always in the eyes of the beholder. If you want proof of the irrelevance of proof, look at our economy.

Mon, 06/23/2014 - 18:35 | 4887247 nostromo17
nostromo17's picture

Prove god exists moron.

Mon, 06/23/2014 - 18:16 | 4887216 Laura Keth
Laura Keth's picture

Support your local business.  I dare you.

Mon, 06/23/2014 - 17:08 | 4887022 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

Fuck that noise, I'll go where I get the most for my $$.  Find me a place with cheaper white-box FMJ in common calibers and I'll go there.

And yes, every so often I complain to Costco that they don't have Kirkland brand bulk ammo.  If I could get Kirkland 9mm for $194/1000 I'd back up the truck.

Mon, 06/23/2014 - 17:48 | 4887141 thatthingcanfly
thatthingcanfly's picture

Or, you could reload that brass for $140/1000.

People give me 9mm brass all the time. Would have gone in the trash otherwise.

Then, you wouldn't have to hold your nose and shop at big box stores.

Mon, 06/23/2014 - 17:09 | 4887024 NotApplicable
NotApplicable's picture

As long as everyone produces more wealth than they consume, it matters little "where" your purchase dollars end up flowing, as they can return to any point within an economy.

The evil you're combating is the financialism that consumes the future today, not the location of the where these people live. I've lived within a mile of WM billionaires, and it didn't matter in the least, economically speaking.

Mon, 06/23/2014 - 21:24 | 4887840 Rootin' for Putin
Rootin' for Putin's picture

Shop locally is a crock.  Whether you buy mass produced Chinese shit at the corner store or walmart, its the same mass produced Chinese shit.

Mon, 06/23/2014 - 16:45 | 4886934 willpoi
willpoi's picture

What is a Walmart?

Mon, 06/23/2014 - 16:59 | 4886984 FuzzyDunlop21
FuzzyDunlop21's picture

Like K-Mart but they only sell Walls

Mon, 06/23/2014 - 17:15 | 4887048 edifice
edifice's picture

And what does K-Mart sell?

Mon, 06/23/2014 - 17:25 | 4887081 ENTP
ENTP's picture

Nobody knows, Kmart hasn't made a sale in the last 2 years.

Mon, 06/23/2014 - 17:25 | 4887083 ENTP
ENTP's picture

Nobody knows, Kmart hasn't made a sale in the last 2 years.

Mon, 06/23/2014 - 17:38 | 4887117 813kml
813kml's picture

According to latest sales figures, nothing.

Mon, 06/23/2014 - 17:40 | 4887119 Stoploss
Stoploss's picture

Everything in the store upon liquidation..

Mon, 06/23/2014 - 18:26 | 4887233 tmosley
tmosley's picture

Ghost costumes and dangerously flammable giant lower case ts.

Mon, 06/23/2014 - 16:46 | 4886938 NidStyles
NidStyles's picture

Walmart has more to lose if caught cheating...

Mon, 06/23/2014 - 16:51 | 4886945 socalbeach
socalbeach's picture

Agreed. Take your pick.

.

WMT > 0 > NYT

or

0 > WMT >> NYT (>> means much greater than)

Mon, 06/23/2014 - 16:55 | 4886965 DoChenRollingBearing
DoChenRollingBearing's picture

Both!

Mon, 06/23/2014 - 16:50 | 4886952 Da Yooper
Da Yooper's picture

My barber lets me take the NYT home to use in my out house

That liberal BS makes for good ass wipe

It makes taking a dump satisfying

Mon, 06/23/2014 - 17:10 | 4887030 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

Newsprint will clog your drains..  So if you're going to do that, then do it at Starbucks, and do a 'Mexican flush'.

Mon, 06/23/2014 - 17:23 | 4887073 NotApplicable
NotApplicable's picture

You might want to read that post again, paying special attention to the word OUT.

Mon, 06/23/2014 - 17:37 | 4887110 WeNeedaRealGovt
WeNeedaRealGovt's picture

It figures ZHers like Walmart, presumably for all the good it has done.

Mon, 06/23/2014 - 16:39 | 4886910 knukles
knukles's picture

Why would anybody bother to "fact check" the NYT?
Oxymoronic waste of time.

Mon, 06/23/2014 - 16:45 | 4886932 RafterManFMJ
RafterManFMJ's picture

Exactly. And in an earlier post the author claims the NYT had lost its way and was publishing emotional stories about illegals.

Lost its way? It's always been a bowl of shit stew progressive .gov propaganda.

What's going on - the NYT buying add space here suddenly?

Mon, 06/23/2014 - 16:42 | 4886920 stant
stant's picture

Just the crossword puzzle. The rest is propaganda. Poorly done at that.

Mon, 06/23/2014 - 16:54 | 4886961 NOTaREALmerican
NOTaREALmerican's picture

Re:  The rest is propaganda.

Have you held-up the crossword puzzle to a mirror?    Didn't think so... 

Mon, 06/23/2014 - 16:42 | 4886921 ParkAveFlasher
ParkAveFlasher's picture

< I don't shop at Walmart, and I don't read the NYT

< MOAR BRAINZ

Mon, 06/23/2014 - 16:42 | 4886922 TrustbutVerify
TrustbutVerify's picture

Not a fan of Wal-Mart.  They bilked me out of thousands of dollars (six figures) years ago - but this was a good retort. 

Mon, 06/23/2014 - 16:43 | 4886926 RobD
RobD's picture

I stopped by Wal-mart the other day to get a oil filter and a couple of charging cables for my new phone. The place looked like a flash mob had gone through and stripped the shelves bare. They did not have the filter I needed and I had to settle for 2' cables instead of the 3' ones I was looking for.

Mon, 06/23/2014 - 17:04 | 4887008 MachoMan
MachoMan's picture

Yep.  They have a lot of stocking issues.  I strongly suspect this is a function of margin compression and walmart's business model.  They can't increase prices and there's only so much you can diminish a good before it simply doesn't work.  When walmart demands that they'll only buy your product at a certain price and you can't make any money at that price...

Mon, 06/23/2014 - 17:13 | 4887042 NotApplicable
NotApplicable's picture

I'd say the Fed's business model is far more the issue than WM's.

Not even WM can escape the gravity of that situation.

Mon, 06/23/2014 - 17:29 | 4887096 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Fed's model: Live off the wealthy insiders

WMT model: Live off average joe 6 pack and the poor

No competition here.

Mon, 06/23/2014 - 18:41 | 4887271 RaceToTheBottom
RaceToTheBottom's picture

Very interesting about their stocking and supply chain problems. 

I do consulting for SW used in those fields and have tried to get work at WallMart but they were very hard to work with.  Only wanted to work with Indians H1B and rates too low, so I went somewhere else.  

Later on of the H1Bs I was working with at another client left and got a job at WallMart.  Appparently they were going to give him a Green Card and an MBA.  He was very bright but I am wondering whether they relied too much on outsourcing and low wage people and screwed their suppliers too much by forcing them to hold the inventory so WallMart would not have to incur the costs????

Mon, 06/23/2014 - 16:43 | 4886928 ENTP
ENTP's picture

Timothy would make a fantastic Fed annoucement writer, simply write whatever you hope the view would be, with little regard for actual facts.

Mon, 06/23/2014 - 16:46 | 4886939 Yen Cross
Yen Cross's picture

     The last time I read the NYT, it was behind a piece of glass in a sportsbar men's room...I did however buy some potting soil on sale at Walmart about a month ago. ( good risk reward)

Mon, 06/23/2014 - 16:59 | 4886986 pods
pods's picture

Dontcha hate how they put them up so high?

Way tougher to reach up there.  Probably decided on that height by trial and error.

pods

Mon, 06/23/2014 - 17:23 | 4887077 NotApplicable
NotApplicable's picture

You mean "tougher to piss up there."

Still though... it's doable.

Mon, 06/23/2014 - 17:42 | 4887125 813kml
813kml's picture

Braggart.

Mon, 06/23/2014 - 16:46 | 4886940 buzzsaw99
buzzsaw99's picture

wmt insider maggots don't give a damn about anything but themselves

Mon, 06/23/2014 - 16:47 | 4886941 Dr. Engali
Dr. Engali's picture

Facts from the NYTs....Lol. The truth is that the reason Walmart's sales are down is because they are no longer the cheaper alternative. That and it's a very depressing place to shop with all the zombies walking around the store.

Mon, 06/23/2014 - 16:50 | 4886951 RafterManFMJ
RafterManFMJ's picture

I've noticed that as well - I've never watched more very pregnant women women walking around alone, than at WalMart.

And every one, EVERY one has an expression of vapid, hopeless incredulity.

Mon, 06/23/2014 - 17:00 | 4886992 pods
pods's picture

The one by me is nice, no soon-to-be teen moms running around dressed like Madonna in the 80's with the see through fishnet shirt and bra.

I was astounded. It looked like the set for Wall-E.

pods

 

Mon, 06/23/2014 - 17:09 | 4887029 NOTaREALmerican
NOTaREALmerican's picture

Probably depends on the demographic of the area its in. 

Mon, 06/23/2014 - 17:02 | 4886994 dobermangang
dobermangang's picture

"It takes a little effort to feel much better about the condition you're in and the shape of your body. Get in the car and go to WalMart." - Ruth Buzzi

Mon, 06/23/2014 - 16:46 | 4886942 Notsobadwlad
Notsobadwlad's picture

My wager is on Walmart in 3 rounds by knockout.

Mon, 06/23/2014 - 16:48 | 4886943 disabledvet
disabledvet's picture

Well...lets start with looking at the New York Times' policy on hiring.

"How many articles are ghost written. What comes off a feed? What comes off a wire? Do you actually employ any reporters? And if so are you in fact paying them?"

There is such a thing as a "free newspaper." Why pay for propaganda when you can get the real deal for nothing.

New York City doesn't even have a Wal Mart. Do they even make anything in New York City anymore?

God forbid if the garment district ever outsourced of course.

Why not come clean and just say "it's a matter of taste"?

Mon, 06/23/2014 - 16:48 | 4886947 gcjohns1971
gcjohns1971's picture

NYT.... Pravda, Izvestia,

Just another Leninist rag devoid of factual information and full of counter-factual.

The news isn't in what they say.  The news is in what they don't say.

Mon, 06/23/2014 - 16:51 | 4886949 Sudden Debt
Sudden Debt's picture

In a way, Wallmart is not the cause of anything.
This month, the most expensive retailer over here got in trouble because wages stay stagnant and purchasing power is dropping and forces people to buy at cheaper stores.
When people can afford it, they buy more expensive products.
And indeed, industry is nearly gone in the west. Blame the politicians for taking the bribes for free trade deals and trade zones that detroy the industry.
In business, being the cheapest isn't the easiest way to make money. It only works when everybody is tapped out. Teir margins are so thing and that gives them higher risks.

Mon, 06/23/2014 - 16:51 | 4886954 NOTaREALmerican
NOTaREALmerican's picture

Jeezzz,  how does this affect the Elysium Class and Elysium Support Class again?

Mon, 06/23/2014 - 16:52 | 4886956 starman
starman's picture

A wall of shame! Wallmart!

Mon, 06/23/2014 - 16:53 | 4886960 kchrisc
kchrisc's picture

I do not care for Walmart, thilthy stores, etc., but I would go with them being less deceitful than the CIA and Ashkenazi Times.

Mon, 06/23/2014 - 16:55 | 4886966 zjxn06
zjxn06's picture

Wall Mart = Cheap Ammo = My Hero

Free Market

Mon, 06/23/2014 - 16:55 | 4886967 orangegeek
orangegeek's picture

NYT is shit.  NYT carries water the American liberals like Barry.

 

It's amazing how MSM can spin and rarely get touched.  That needs to change - where are those shark lawyers that beat ths sh* out of negligent organizations?

 

NYT needs a good beating.

Mon, 06/23/2014 - 17:13 | 4886969 ebworthen
ebworthen's picture

Another distraction for the left/right dogs and cats; a bone and a can of tuna.

Neither the NYT nor Walmart give a shit - it's a high profile pissing match.

NYT trying to stay relevant, Walmart pretending they're patriotic.

Meanwhile, nothing changes for the better.

Mon, 06/23/2014 - 18:00 | 4887170 ThroxxOfVron
ThroxxOfVron's picture

Spot on. 

The whole thing was likely 100% conceived and staged by some public relations/propaganda team just to get Google hits and work up some offensive/defensive water-cooler chat for both companies.

Fuck them both is indeed the only proper response. 

In fact: Fuck both them, and fuck both their paid shills of the shared false choice socio-political divide and conquer for profit and power complex, and all of the my-subsidy-is-sacred dumb-as-fuck sheeple supporters on both sides.

Mon, 06/23/2014 - 16:57 | 4886978 Agent P
Agent P's picture

Never trust anyone who uses type font designed to look like handwriting in an effort to appear sincere....they're not. 

Mon, 06/23/2014 - 17:03 | 4887000 infinity8
infinity8's picture

No shit - "we miss you", "we want you back". . LOL!

Mon, 06/23/2014 - 17:03 | 4887001 FuzzyDunlop21
FuzzyDunlop21's picture

Im having my divorce papers wrote up in Comic sans. Bitch aint worth a sarif.

Mon, 06/23/2014 - 17:07 | 4887013 MachoMan
MachoMan's picture

Might want to check local rules first, many require particular fonts, font size, line spacing, and border spacing.

Mon, 06/23/2014 - 17:29 | 4887086 NotApplicable
NotApplicable's picture

No one expects "The Monty-Python Legal System!"

Mon, 06/23/2014 - 17:08 | 4887020 Sticky Wicket
Sticky Wicket's picture

It's a slap in the face to the NYT editors who clearly aren't doing their jobs.

Mon, 06/23/2014 - 17:09 | 4887025 Rainman
Rainman's picture

it's a good strategy tho ...red cursive in the margin is an old Catlik Skool penguin's trick to villify and demean the youts .

Mon, 06/23/2014 - 17:02 | 4886997 khakuda
khakuda's picture

Instead of going after a company that has provided countless jobs, pays some of the highest tax rates of corporate America, provides disaster recovery assistance (Katrina) where the government fails, and has spent its existence lowering the cost of living for working people, why don't they go after the government which is now purposefully trying to raise the cost of living via inflation by Fed policy, starved retirees with ZIRP, has mismanaged retirement and healthcare programs at all levels such that Social Security and many municipalities are now insolvent, has destroyed jobs by keeping interest rates so low as to encourage M&A and consequent employee downsizing, has worked to create a massive wealth divide by raising asset prices and housing prices through QE and ZIRP, all the while impoverishing lower income classes.

I don't see Walmart trying to set up a tax inversion to avoid U.S. income taxes.

Mon, 06/23/2014 - 17:08 | 4887018 NOTaREALmerican
NOTaREALmerican's picture

Smoothering-mommy wants large corporations to be more protective of her children,  to be more pateralistic.   That's all.    Someday, when we're all working for Walmart, Toco Bell, Google, or GM we'll want our corporations to love us and protect us; just as smothering-mommy does and her (somewhat disfunctional husband) Kick-Ass Daddy does.    

Mon, 06/23/2014 - 17:09 | 4887026 Sticky Wicket
Sticky Wicket's picture

This is nonsensical gibberish. I hope you didn't actually think you made a point there.

Mon, 06/23/2014 - 17:14 | 4887045 NOTaREALmerican
NOTaREALmerican's picture

Re:  I hope you didn't actually think you made a point there.

No,  never would.

Mon, 06/23/2014 - 17:13 | 4887044 LawsofPhysics
LawsofPhysics's picture

Are you suggesting that someday everyone will actually be working?  You sir, are truly an optimist.

Mon, 06/23/2014 - 17:13 | 4887041 Mi Naem
Mi Naem's picture

To me, Walmart is a despicable company. 

However, I Thumbed you Up here because NO ONE craps on the American public and the world at large like the leviathan  HQ'd in DC. 

Mon, 06/23/2014 - 18:03 | 4887168 MeBizarro
MeBizarro's picture

Assume you are like the average American who buys things and solely equates low price = greatest utility.  Go look at the clothes made in Walmart.  They are embarrassingly poorly made.  No double-switching, seems incredibly far apart, middle so thin and flimsy that it will be lucky to last a year or two at most with frequent wearing, clothes that have different lengths including legs/sleeves, cheap dyes that discolor only after a few washings, etc.   

Yeah I go to the store and and I'll pay top-dollar for something including a pair of Italian leather shoes ($200-$300).  I will also keep them in great shape by polishing them frequently, storing them correctly, and not wearing them for casual use.  When they need to be resoled/reheeled, I'll take them to a cobbler u who will do that for $20.  If I treat those shoes correctly and say wear them twice/week for work, I'll have them for 10 years.  

Mon, 06/23/2014 - 18:10 | 4887204 ThroxxOfVron
ThroxxOfVron's picture

"a company that has provided countless jobs, pays some of the highest tax rates of corporate America, provides disaster recovery assistance (Katrina) where the government fails, and has spent its existence lowering the cost of living for working people,"

 

Please lecture Us further as to how thankful We should be for tax-deductable crumbs and the opportunity to purchase merchantilist dumpings from these highly subsidized Billionaries.

Mon, 06/23/2014 - 17:12 | 4887038 LawsofPhysics
LawsofPhysics's picture

Mmmm, working is bad,  mmm okay?

 

/s

 

Mon, 06/23/2014 - 17:21 | 4887058 Nevsky
Nevsky's picture

Just say 'Net' [Russian 'no'] to NYT.

Mon, 06/23/2014 - 17:24 | 4887078 rosiescenario
rosiescenario's picture

NYT and WMT just different symptoms of 2 differing diseases: the former reflects the liberal bias of our educational system; the latter reflects the destruction of our middle class....of course one can argue that in WMT's case they might have been more than just a 'symptom'.

 

Anyway, Nordstroms seems to be doing well along with all the other shops at the Stanford Shopping Center here in Palo Alto. In fact everything around here seems to be doing really well....jobs, pay, housing, etc.

 

I gather from a few posts here maybe that is not so much the case in the rest of the country?

Mon, 06/23/2014 - 17:24 | 4887079 dot_bust
dot_bust's picture

Walmart = 100 cash registers, only one of which is open and staffed. Target is much the same.

The megastores hope to make money without actually employing anyone. They're a drain on the economy.

Mon, 06/23/2014 - 18:06 | 4887193 ThroxxOfVron
ThroxxOfVron's picture

There won't be any cash registers or employees soon enough.

Google will merge with Wallmart.

Soon there will be robots to stock the shelves, mop up the spills and piss, and to unlock the doors only if the ebt and debt card/wallet auto-transaction is fulfilled.

I am from the future and you are going to loath what is coming...

Mon, 06/23/2014 - 21:43 | 4887909 tolivian
tolivian's picture

So why wait with the loathing? Reasons enough to loathe what we've got, no?

Mon, 06/23/2014 - 17:27 | 4887088 combatsnoopy
combatsnoopy's picture

I'm not a HUGE fan of Walmart but the NY Times is a garbage tabloid.  Good on this guy for fighting back- he should've sued for libel. 

Mon, 06/23/2014 - 17:52 | 4887146 MeBizarro
MeBizarro's picture

And yet there are endless cries on ZH about the lack of things made in the US, the off-shoring of jobs, and the decrepit quality of items which caused put in place a 'throw-away mentality' in the US.  Yeah I got a lot of cheap cr@p in large quantities! 

F@cking despise Walmart (a company that has broken every major US labor law in a massive way the past 20 years) and no single compnay has done more to destory the US economy the past 30 years. 

They have been entering the US food system in a huge way (already account for more than 20% of US grocery store sales) and it is already having a disasterous effect including massive consolidation producers which is a good thing at first but produces a ton of problems downstream later including inflated prices when there are 2 or 3 large producers left and no other game in town except small niche producers, large increase in imported foods with Walmart being a huge proponent against country of origin and ingredient labels, and several other items I could go into. 

 

Tue, 06/24/2014 - 02:00 | 4888402 Flagit
Flagit's picture

I just bought some goat cheese at Meijer for a grilled bell pepper recipe.

Product of Spain.

Mon, 06/23/2014 - 18:36 | 4887251 Armed Resistance
Armed Resistance's picture

Regardless of whether it's Walmart or the repeal of Glass-Stiegal, this country is in the shitter BECAUSE of the lack of courage in leadership.  Both banks and Walmart have predatorily taken advantage of corrupt politicians and gamed the system for their own advantage.  The problem is that they were short-sighted in that they have killed small-business, discretionary income and the free market in general.  They essntially signed their own death warrants and the end is near.

The real question isn't how it all survives, because by nature it can't and won't.  But how do we ensure a compassionate balance for humanity going forward?  Free markets- check!  Small and limited government- Check!  Fair tax or flat tax- Fuckin A!  Term Limits?  You know it!

And a rope and a large oak tree for anybody who wants to return to the current shit sandwich!  Anything else would be- uncivilized.

Mon, 06/23/2014 - 18:41 | 4887266 Sathington Willougby
Sathington Willougby's picture

I blame global climating.

Mon, 06/23/2014 - 18:43 | 4887278 Sathington Willougby
Sathington Willougby's picture

Welfare Yay!

Warfare Yay!

Everyone is DC gay!

Mon, 06/23/2014 - 19:52 | 4887522 yellowsub
yellowsub's picture

Wow, Walmart has only one example of getting someone off public assistance with their job.  Come on, at least give like 2...  It doesn't seem like their link works so I'm not sure they even have one example!

Mon, 06/23/2014 - 20:31 | 4887671 NoelConfidence
NoelConfidence's picture

Dear Wal-Mart,

Please go fuck yourself, the slaves that work for you, your customers, and the shit products you peddle.

Mom and pop always did it better.

 

Mon, 06/23/2014 - 21:46 | 4887919 dobermangang
dobermangang's picture

The Liberals will be pissed!  WalMart used red to correct their article.

http://www.dailymail.co.uk/news/article-2263874/Teachers-shouldnt-use-re...

Tue, 06/24/2014 - 08:03 | 4888643 damicol
damicol's picture

timothy Egan.

that is one fucking moronic cunt. reading hs fucking shite is like reading maos little red book.

 Will someone please put the fucking commie cunt down

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