Showing posts from June 16, 2017

Today's Trumpery


Canadian oil hike puts Trudeau climate action in doubt

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["Canada expects to hike production by 32 percent to 5.1 million barrels per day by 2030, according to the Canadian Association of Petroleum Producers. The additional output will come entirely from the Alberta oil sands." And you don't approve multiple pipelines unless you also approve of this level of expansion, whatever smiling lies may spring from 'Sunny Ways' mouth. See also: Don't Be Duped By Trudeau's Carefully Planned Theatre Of Deception, and Liberals not looking to make companies reveal supply chains to fight child labour. *RON*]
Marc Braibant, Agence France-Presse / Yahoo! News, 13 June 2017

Montreal (AFP) - Oil companies said Tuesday they planned to ramp up their output in Canada, throwing a wrench in Prime Minister Justin Trudeau's efforts to slash greenhouse gas emissions.

Currently the world's sixth largest oil producer, Canada expects to hike production by 32 percent to 5.1 million barrels pe…

Walmart's latest move confirms the death of the American middle class as we know it

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[While Sears and Kmart outlets collapse. "Between 2000 and 2014, middle-class populations decreased in 203 of the 229 metropolitan areas reviewed in a Pew Research Center study." *RON*]

Kate Taylor, Business Insider, 16 June 2017

Walmart is getting into aspirational retail — and it says a lot about the American economy.

On Friday, Walmart announced it was acquiring Bonobos for $310 million in cash. The high-end men's retailer attracts young, urban customers with its slim-fitting pants, shirts, jackets, and suits and tuxedos.

In recent months, Walmart has purchased several trendy, online retailers, including the hip fashion brand ModCloth, outdoor gear retailer Moosejaw, and shoe store ShoeBuy.

These brands' wares are different from the apparel typically sold by Walmart that's better known for low prices than fashion innovation. ModCloth's dresses can cost between $60 and $150, whereas Walmart's dresses are usually …

Cladding for Grenfell Tower was cheaper, more flammable option

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[Exclusive: Omnis Exteriors asked to supply cladding £2 cheaper a square metre than fire-resistant type, investigation finds. The material is illegal in the US for similar buildings. See also: London fire: Theresa May to meet victims after criticism. *RON*]

Rob DaviesKate Connolly &Ian Sample, The Guardian, 16 June 2017

Grenfell Tower fire - latest updates
Material used in the cladding that covered the Grenfell Tower was the cheaper, more flammable version of the two available options, an investigation of the supply chain has confirmed.

Omnis Exteriors manufactured the aluminium composite material (ACM) used in the cladding, a company director, John Cowley, confirmed to the Guardian.

He also said Omnis had been asked to supply Reynobond PE cladding, which is £2 cheaper per square metre than the alternative Reynobond FR, which stands for “fire resistant” to the companies that worked on refurbishing Grenfell Tower.
“We supplied components for …

Amazon is buying Whole Foods for $13.7 billion

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[Amazon IS the Ramjac Corporation! I'm going to have to re-read Vonnegut's Jailbird one day soon. See also: Wall St. falls as Amazon-Whole Foods deal crushes retailers. *RON*]

Bob Bryan, Business Insider, 16 June 2017

Amazon is buying Whole Foods.

The online giant said Friday it was buying the high-end grocer for $42 a share in an all-cash deal, valuing the company at $13.7 billion.

Shares of the grocer were trading at $33.06 before the deal was announced, so the deal represents a 27% premium on its Thursday closing price.

"Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy," Amazon CEO Jeff Bezos said in a press release. "Whole Foods Market has been satisfying, delighting, and nourishing customers for nearly four decades — they're doing an amazing job, and we want that to continue."

The activist investor Jana Partners took a 9% stak…

To Denis Johnson, from One of the Weirdos: How the work of one weirdo taught me how to live

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[I hadn't heard that Denis Johnson died, from cancer. An excellent, excellent writer. Read Jesus' Son if you haven't already. See also, now that I was looking for it: The Tears of Denis Johnson. *RON*]

Matt Bell, Electric Lit, 30 May 2017

Last week, while traveling in Hong Kong, I was taken by surprise to hear that Denis Johnson had passed away, a surreal bit of news made stranger by the way that so little at home ever feels fully real while I’m abroad. I stood up from the table in the middle of lunch with four of my graduate students, all of us on a global fellowship program during which we’d arranged for them to meet and study with local writers in Hong Kong and Singapore, and when I came back I brought with me the awful news that Johnson had passed. I kept the news to myself, because I didn’t want to interrupt the good cheer my students were sharing, even if I could no longer quite join in. As soon as lunch was over, I excused myse…