Old is the theme today. No laughs. Respect! Japan's Booming Sex Niche: Elder Porn; 6 Reasons You Should Consider a Candidate over 50 for Your SMB; Weather forecast: more surprises coming, Flying car spreads its wings in Slovakia and.. Verizon's purchase of Intel's OnCue foreshadows a day when a TV subscriber will be able to watch any channel on any device, whenever and wherever they want.
And speaking of the age of creative destruction:
Zero Hedge asks What Recovery? Sears And J.C. Penney Are Dying
“Two of the largest retailers in America are steamrolling toward bankruptcy. Sears and J.C. Penney are both losing hundreds of millions of dollars each quarter, and both of them appear to be caught in the grip of a death spiral from which it will be impossible to escape. Once upon a time, Sears was actually the largest retailer in the United States, and even today Sears and J.C. Penney are "anchor stores" in malls all over the country.
When I was growing up, my mother would take me to the mall when it was time to go clothes shopping, and there were usually just two options: Sears or J.C. Penney. When I got older, I actually worked for Sears for a little while. At the time, nobody would have ever imagined that Sears or J.C. Penney could go out of business someday. But that is precisely what is happening. They are both shutting down unprofitable stores and laying off employees in a desperate attempt to avoid bankruptcy, but everyone knows that they are just delaying the inevitable. These two great retail giants are dying, and they certainly won't be the last to fall. This is just the beginning.
"Woolworth, Woolco, Montgomery-Ward, Ames, Circuit City, Bradlees, Anderson-Little, Zayre, Filenes, G Fox, Jordan Marsh, Kaufmann's, May Co, Marshal Field's, Lazarus, Rich's..... the beat goes on.
Wife went to Sears last week to "look" at washers/dryers. The department manager had just 5 minutes before she got there lowered the price of a floor model w/d set, new model year priced at $1850, to $675. Guess what we had delivered today?
BTW, a floor model top of the line refrigerator was priced at $200. Too bad we didn't need one."
Behold the power of the Internet!