Republicans controlling the House are proposing $23 billion worth of food stamp cuts over the coming decade.
That is, in effect, proposing a cut of $10 billion in Walmart's gross sales over the coming decade. Why would McMillon stand for that? Read more about Time for Doug McMillon to show some leadership
If there is a government shut down people's food stamps will be stopped. That means hardship for America's poorest, it will also mean millions, possibly billions, of dollars in lost sales for Walmart. So it is time for Doug McMillon to show some leadership and put the considerable political muscle of Walmart behind keeping the government open. Read more about Time for Doug McMillon to show some leadership
House Republicans are set to unveil a budget on Tuesday morning that will reportedly slice over a hundred billion dollars out of the food stamps program over the coming decade.
Marcy Wheeler, always worth listening to, was interviewed again on The Scott Horton Show on September 30. From the program notes:
Blogger Marcy Wheeler discusses the New York Times article ["N.S.A. Gathers Data on Social Connections of U.S. Citizens"] verifying the claims of NSA whistleblower William Binney; how the NSA achieved Total Information Awareness through multi-sourced metadata; the tightly-woven webs of information that get ordinary Americans caught up in foreign intelligence investigations; why the NSA can’t or won’t tell Senator Ron Wyden how many Americans have been spied on; and the good and bad aspects of Obamacare.
Podcast here, and transcript below the fold. Read more about Marcy Wheeler on Risen-Poitras-Binney NSA story, and Walmart and Obamacare
Mike Duke is the CEO of Walmart, the world's largest recipient of food stamps.
Many of Walmart's customers and employees are food stamp recipients. Any cuts to the food stamp program will have a devastating effect upon Walmart's sales. So why isn't Duke using the tremendous clout of Walmart to defend food stamps? Read more about Mike Duke leadership FAIL
(Reuters) - Wal-Mart Stores Inc has sued a major grocery workers union and others who have protested at its Florida stores, the latest salvo in its legal fight to stop "disruptive" rallies in and around its stores by groups seeking better pay and working conditions.
Cross-posted from Real Economics.
WalMart executives are freaking out over lousy sales, according to this article in Business Insider. After a disastrous January, one WalMart exec wrote in an email that February sales so far are a "total disaster," according to a Bloomberg news story.
“In case you haven’t seen a sales report these days, February MTD sales are a total disaster,” Jerry Murray, WalMart’s vice president of finance and logistics, said in a Feb. 12 e-mail to other executives, referring to month-to-date sales. “The worst start to a month I have seen in my ~7 years with the company.”
Even More Updates:
Towson, MD Walmart Black Friday 2012 Protest
Please Pledge To Boycott Walmart This Black Friday!
It’s time to support Walmart workers who are fighting for an economy that works for all of us – let’s support their strike this Black Friday by not crossing the picket line.
Why are Walmart workers standing up all across the country?
“Because we live in America, we work for the world’s largest company, and we’re still not making it.”
“Because I have to choose between paying my bills and having enough to eat.”
Wal-Mart CEO Mike Duke at work
On the same day that Federal Reserve Chairman Ben Bernanke announced the economy continues to make a moderate recovery, Wal-Mart CEO Mike Duke delivered a different assessment.
Wal-Mart customers, he said, are running out of money at a faster pace. He sees it in end-of-the-month sales figures, when sales drop off more sharply than in the past.