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theseeker
Joined: 25 Jul 2000
Posts: 3403
Location: Damnit...I'm a doctor jim |
 Fri Aug 08, 2003 9:29 am
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so they would be showing up on welfare eh $#@#! ? let's see those numbers...gotta pay da bills somehow...did all these folks suddenly develop no need for currency ? maybe pat robertson took them in ?
you don't make any sense...
how about another blast of realism...upward trend since december of last year...
Strong Retail Sales Jump-Start Economy
Thu Aug 7,10:32 PM ET
By ANNE D'INNOCENZIO, AP Business Writer
NEW YORK - The nation's retailers finally got a break in July as warm weather and heavy discounting lifted sales above expectations, even for struggling department stores.
The upbeat sales reports issued Thursday halted a sluggish trend seen since last summer and raised hopes that consumers will be in the mood to spend for the critical back-to-school season.
Sales picked up for most retailing sectors. Business was strong enough at Wal-Mart Stores Inc. that the industry leader boosted its profit outlook for the second quarter. Sears, Roebuck and Co., Target Corp., J.C. Penney Co. Inc., and Gap Inc. were among the retailers reporting sales that beat analyst forecasts.
Even May Department Stores Co. eked out an increase in sales at stores open at least a year, surpassing analysts' forecasts. Sales at stores open at least a year, known as same-store sales, are considered the best indicator of a retailer's health.
"It was a good month, and it may be a good omen for the second half," said Michael P. Niemira, vice president of Bank of Tokyo-Mitsubishi Ltd. "Sure, the month was promotional and weather helped, but this could be the start of a much better trend."
Bank of Tokyo-Mitsubishi's same-store sales tally of 77 retailers was up 4.3 percent, well above the 3 percent gain Niemira expected. That compares to a 2.6 percent increase in the year-ago period.
Niemira said the results outpaced the 1.7 percent monthly average gain during the January through June period, and was the best showing since June 2002, when the index posted a 5.1 percent increase.
The strong performance from retailers coincided with strong economic data from the government.
The Labor Department (news - web sites) reported that productivity — the amount that an employee produces per hour of work — rose at an annual rate of 5.7 percent in the April to June quarter. That was the best performance since the third quarter of 2002.
The department also said new applications for jobless benefits slipped by a seasonally adjusted 3,000 to a six-month low of 390,000 for the work week ending Aug. 2.
July, when retailers step up discounting to clear out summer merchandise and make room for fall goods, is one of the least important months in the retail calendar. But analysts are hoping last month's results will be a precursor for a strong back-to-school season and robust economic recovery.
According to a recent National Retail Federation survey of almost 9,000 households, families with school-age children will spend an average of $450.76 on back-to-school items, up from $441.60 in 2002. Retailers are hoping the back-to-school season will get a lift from the $13 billion in tax credit checks being sent to more than 25 million families.
Wal-Mart, which along with other retailers struggled with cooler than normal temperatures in May and June, said same-store sales were up 4.6 percent in July, well past the 3.7 percent increase predicted by analysts surveyed by Thomson First Call.
Wal-Mart, which reported strong sales of food, electronics, swimwear and pet supplies, attributed the strong results to warm weather and clearance sales.
The discounter now expects earnings from continuing operations for the second quarter, ended July 31 to be around 52 cents per share. Analysts surveyed by Thomson First Call expected 50 cents per share. The retailer is slated to report earnings results on Wednesday.
Meanwhile, Target Corp. posted a same-store sales increase of 3.1 percent, besting the 2.1 percent gain analysts expected.
The struggling department store sector made a big improvement, posting a same-stores sales increase of 1.5 percent in July, the first gain and strongest sales pace for that segment since November 2001, according to Niemira.
Penney said same-store sales were up 3.7 percent for its department store business, beating Wall Street's projections of a 1 percent gain.
May said its same-store sales rose 1.8 percent. Analysts had expected a same-store sales decrease of 2.5 percent.
Sears, Roebuck and Co. reported a 0.8 percent decline in same-store sales, smaller than the 1.8 percent decline Wall Street forecast.
Federated Department Stores Inc., which operates stores including Bloomingdale's and Macy's, did not fare as well, reporting same-store sales that decreased 0.4 percent. Still, Federated's same-store results beat analysts' projections for a 1.1 percent decline. And the company, buoyed by leaner inventory and improved sales, increased its earnings forecast to between 60 and 63 cents for the second quarter. Analysts were predicting 54 cents per share.
Gap, continuing its turnaround, reported same-store sales increase of 9 percent, above Wall Street forecasts.
[Edited 1 times, lastly by theseeker on 08-08-2003] |
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shatoga
Joined: 23 Nov 2002
Posts: 1291
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Fri Aug 08, 2003 11:24 am
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sub minimum wage jobs with no withholding for SS etc,
and those who turn to crime.
either way Bush minions thrive on the results of massive despair as the unemployed
provide cheap "under the table labor"
or crime statistics to justify extension of the rightwing police state's stranglehold on freedom.
Hitler made the template.
Bush minions follow the rightwing Nazi forms.
"Make them hurt- take advantage of their misery."
Zieg
Hail to the 'deserter-in-chief' Bush the lesser.
the 'son-of-a-bush' who seeks to rule or ruin.
As his darkside minions sell their souls
to destroy ameriKa and uplift Republicans from the gutter where they belong.
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Mech
Joined: 06 Jun 2001
Posts: 8237
Location: THE 4th REICH USA |
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Fri Aug 08, 2003 7:31 pm
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Exactly...now the GOP wants to give illegal Mexican immigrants "Blanket Amnesty" so they can take even more of our jobs at minimum wage.
********************************************
http://www.miami.com/mld/miamiherald/news/nation/6452970.htm
Posted on Mon, Aug. 04, 2003
GOP bills push legalization, regulation of foreign workers
BY RACHEL L. SWARNS
New York Times Service
WASHINGTON - For the first time since the attacks of Sept. 11, 2001, several Republicans in Congress are pushing for broad legislation that would regulate the flow of foreign workers into the country and potentially legalize millions of illegal employees.
Sen. John McCain and Reps. Jim Kolbe and Jeff Flake, all Republicans from Arizona, introduced bills in July that would grant permanent residency over several years to workers who enter the country legally and to illegal workers already in the United States. Sen. John Cornyn, R-Texas, also introduced a guest worker bill last month.
[Edited 2 times, lastly by Mech on 08-08-2003] |
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Mech
Joined: 06 Jun 2001
Posts: 8237
Location: THE 4th REICH USA |
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Fri Aug 08, 2003 7:39 pm
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By the way Seeker...I think you are a LIAR.
My articles are NOT "Old"...they are dated either August or July 2003 and most certainly reflect REALITY...not Wall Street speculation.
The REALITY is...American workers wages have been leveling off steadily and not keeping up with inflation.
"--From 1949 through 1973, the median income rose an average of 3.1% per year. Since then the increase has been only 0.2% per year — barely any gain at all. If the earlier trend had continued, the typical American family's income today would be more than twice as large as it is.--"
I expect them to go down even more once the GOP floods the Mexican workers into this country like they are promising.
[Edited 2 times, lastly by Mech on 08-08-2003] |
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the professor
Joined: 10 Jan 2003
Posts: 1164
Location: heartland USA |
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Sat Aug 09, 2003 3:38 am
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QUOTE
The REALITY is...American workers wages have been leveling off steadily and not keeping up with inflation.
Maybe if your in fast food, I've seen just the opposite in my field, depends what your talents are. |
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Mech
Joined: 06 Jun 2001
Posts: 8237
Location: THE 4th REICH USA |
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Sat Aug 09, 2003 3:57 am
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In other words...
To hell with everyone else..right Prof?You don't care unless it effects you. No suprise.
Most of my friends are not doing well these days. Most of them are just getting by. Or JOB..(just over broke).
[Edited 1 times, lastly by Mech on 08-08-2003] |
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theseeker
Joined: 25 Jul 2000
Posts: 3403
Location: Damnit...I'm a doctor jim |
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Sat Aug 09, 2003 4:27 am
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so mech where in the constitution does it guarrantee a job with good pay ?
(average pay in the U.S is around 15.60 an hour)
btw I could give a s!@# less what you think about me...
and there is NO inflation...
alex jones is NOT an economist...
he is however a liar...
pooh on ya
[Edited 1 times, lastly by theseeker on 08-08-2003] |
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Mech
Joined: 06 Jun 2001
Posts: 8237
Location: THE 4th REICH USA |
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Sat Aug 09, 2003 4:32 am
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You know wht Seek..mabye you are right.
Mabye lets not have a fair economy at all.
Lets just let NAFTA/GATT/WTO just roll all over the workers of America.
Uhhh...WHERE DOES IT SAY IN THE CONSTITUTION that NAFTA/GATT/WTO takes precedence over our national sovereignty?
Better yet...lets not have a government at all and let everyone F**K each other. One big giant Darwinian economic free for all.
Sounds like that is what you re implying to me.
[Edited 1 times, lastly by Mech on 08-08-2003] |
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theseeker
Joined: 25 Jul 2000
Posts: 3403
Location: Damnit...I'm a doctor jim |
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Sat Aug 09, 2003 4:44 am
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fact is we are supposed to earn our keep mech...not be subsidised by the government...the "safety net" has turned into one big fat federal tit...sheesh...the biggest problem is the federal government enforcing laws beyond it's jurisdiction...
states rights...the topic on the next "overnight show" with theseeker...
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the professor
Joined: 10 Jan 2003
Posts: 1164
Location: heartland USA |
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Sat Aug 09, 2003 5:08 am
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QUOTE
In other words...
To hell with everyone else..right Prof?You don't care unless it effects you. No suprise.
Most of my friends are not doing well these days. Most of them are just getting by. Or JOB..(just over broke
Maybe you should spend less time doing heroin with your friends, take some classes improve your skills. Nobody is holding you back but yourself mech. And what do you want a communistic society where evrybody stays the same? I bet you do! |
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