Just look at the Container Ship Time Charter Assessment Index. It's down from 1 022 points in February to 416 points. - Marcel Janus
If I may be honest, I'm sick of reading how bad economy is. Heck, what is the economy? Isn't it but the sum of single business and their relations? If a single business is in trouble, then likely because it isn't producing something useful, isn't able to sell it or doesn't have the funding and the stamina to survive the dip.
Maybe on the big scale it isn't that different. Maybe we weren't producing the things that we needed. Maybe we didn't build good, strong relationships. Maybe we, as a society, have become crybabies and simple lack the stamina to push through this. - Dushan Wegner
The guy at dinner that Robert mentions was Jordi Soler (@jordisoler). He's really remarkable. He's running a family-owned business that trucks containers around Europe, and is totally plugged into the web tech scene, reading all sorts of blogs, signed up to lots of services, etc. And a really nice guy. - Terry Jones
I'm the guy working at the docks. The Tweetup was excellent and I learned a lot about startups with you guys. As to the economic situation, yes, here in Barcelona times are pretty rough right now. I'm still holding up because I have a little family business, but right now big companies are suffering a lot and firing workers. Business is clearly slowing down and we can only hope that the situation recovers soon. - Jordi Soler
company I work for had a round of layoffs.. thankfully they can't trim the IT dept down any further since there's only 2 of us providing support for our global operations! - alphaxion
Ever ask someone you don't know really well - how's business? I stopped asking because the vast majority of the time all I've heard is "not bad" or "good". All around me I see signs that things aren't good. - Wayne Schulz
Wayne, I ask all the time, and I've been getting "not very good" or "things are slow" from cab drivers and shopkeepers, so while in general that is the response you'll get, it's not the one I'm getting lately. - Chris White
The economy will remain this way until people stop complaining about it, and start doing things to help it. - Spencer
Spencer, kind of like the weather. Seriously, this is not just people complaining, it's people explaining. Getting an understanding of what is happening in a global economy is useful to individuals. IMO, this economy can't be fixed without going through some pain, which includes de-leveraging the over-leveraged economy. This means stop bailing out companies, and stop lowering interest rates and printing money. Real estate is over-bought, and needs to come down in price. - Chris White
Robert, it's much worse than 20%. Marcel is right. Look at the BDI (Baltic Dry Index). It's 1/15th of what it was 7 months ago. - Chris White
Well, they only accept AMEX - I don't understand their policies. - Mona N.
via IM
Seems silly to have to pay 40 bucks to get in the door, then use foodstamps. - Josh Haley
it's definitely more bang for your buck, but the only problem is every time i go there, i spend like 300 bucks on 10 items. it's a little crazy.. but yeah, they should accept food stamps--food is food and those stamps are money, so it should be a no-brainer - Melissa Maskevich
The NYTimes argues: " 1. They did not think they would qualify based on the federal government requirements.
2. It was too expensive to adapt their equipment to accept food stamps.
3. With their annual fee/bulk-purchase model, people on food stamps probably could not shop there anyway." - Mona N.
@Mona they have a contract signed with AMEX to only accept cash, check, and AMEX. I think in return AMEX gives them lower txn processing fees. - Roshan Vyas
The Costco in Seattle accepts Mastercard/Visa (and possibly others?) if you use it as debit. For credit, they only do AMEX, though. - Rochelle
It's possible that the $40 fee might still be worth it for those on foodstamps. They can only stretch so far, anyway. I think the option should be there unless there are major consequences to Costco for doing so. - ♫ Rahsheen ™ ★
any program like food stamps has rules, some very arbitary, like you can use them for cake but not decorated cake - Robert Hafer
Hmmm wouldn't that be up to both the consumer and corporation to work out, Robert? - Mona N.
Do the math. Costco is not a very good deal across the board. It's a pretty big sham. Coupons at kroger saves us close to 50%. But hey, it's your money/foodtsamps - Josh Haley
It depends on the user, imho. Just like ping.fm and Twitter. ;) - Mona N.
via IM
Robert, it's not arbitrary. You cannot buy any prepared foods with food stamps. That includes a premade cake. You can buy non-prepared foods including boxed cake mix or ingredients to make a cake. The USDA Food Stamp Act explains this in great detail. - Rochelle
@Josh: actually, it's partly MY MONEY if you're using food stamps...so please stick to the necessary items and let those who can afford to have someone else prepare their cakes eat the prepared cakes. - Craig Eddy
Craig, thank you, yes. I was so focused on the idea of Costco not being a deal that I forgot thet WE pay for foodstamps. Which makes me think that it would be very lame if foodstamps were allowed to pay for costco membership fees. - Josh Haley
Josh, there's a difference between accepting foodstamps for payment with regards to food and accepting foodstams for payment with regards to the membership fee. I'm not seeing where anyone suggested people be able to pay for the membership fees, new tires, flat screen TVs, or anything else with food stamps. Only that they be able to purchase approved food items with food stamps. - Stupid Blogger (aka Tina)
While I'm not opposed to Costco taking food stamps for food items but I would assume that a person on food stamps might have better things to do with their discretionary cash then purchase a membership in Costco! - Paul
It's what, $40 for the year, so about $0.75 a week for someone to possibly be able to save significantly on bread, milk, and formula? Even as a tax payer I can't justify griping about someone's choice to spend 75 cents a week on a membership... - Stupid Blogger (aka Tina)
I think it actually makes sense for those on food stamps to attempt to use places like this. They can sacrifice $50 a year in their cash for saving $50-100 in public cash every two months on food and supplies. It just makes financial sense really. - xero
But it's NOT a good deal. The math isn't really there. - Josh Haley
All the numbers we've ever run show Costco way ahead for our typical food basket. The milk, eggs, and veggies alone are a huge savings. Plus coupons work at Costco plus they have cheap gas. - todd
Formula is covered by WIC and is completely free, but you can only "buy" it in your assigned store. And the baby's doctor must fill out a "prescription" for the exact brand & type of formula you are going to be receiving. What stores you allowed to choose from is based on what he puts on that paper and what is available at the stores on their list. - April Russo
Yaa, only if you own a car, since boxes of food are so huge. - imran
April - Another good reason to breastfeed, if possible. - Elizabeth
I didn't find any value being a Costco member, I don't think people on food stamps will either. - Bob
If you run Ubuntu, openSUSE, Debian, or Mandriva, among other distributions, then whenever you run OpenOffice.org you don't run the "official" version, but rather Go-OO, an office suite based on the OpenOffice.org source code. Go-OO includes enhancements and functions that haven't been accepted by Sun, and that may never be, because of licensing, business, or other reasons. - embee
"He came off as more bearish than Roubini last night in this latest Charlie Rose interview, and advocates only putting on "bi-modal" trades where you use a small percentage of capital to place "black swan" type option bets on out of the money strikes, so to speak. But he has kept lots of dry powder, 80%-90% in cash and equivalents, at the remainder in risky investments. He does not like "medium risk" investments, because they probably are higher risk than you think." - Paul Buchheit
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