I expect a huge increase in consolidation as the Empire implodes upon itself. I believe the only retailer left will be Walmart for all practical purposes. Very few grocery stores with union contracts will survive. Right now our store is only hiring part time. Kids quit and they aren’t being replaced on my crew. Expect a small bonus this year for Xmas then that comes to a screeching halt as sales drop off a cliff.
Only advantage we have is that Walmart can give food a way at cost to bring in sales. Multiply this across the country and you can see what i mean about the demise of union companies.
I’m glad I left California because it ain’t going to be pretty in those “hoods” and what’s left of the middle class has to watch their houses being repossessed.
My sister and her husband down there have moved in with their daughter to survive. Expect a lot more of that.
Patty and I will be out of debt, with no house or car payment in about 20 months. We could make it with out the car but that shouldn’t be a problem. Trying to help someone else will not be fun. You never know about recessions (or depressions) we could all be in the poor house.
Anheuser-Busch shareholders bless InBev deal
By Matt Andrejczak, MarketWatch
Last update: 1:21 p.m. EST Nov. 12, 2008
SAN FRANCISCO (MarketWatch) — Anheuser-Busch Cos. said Wednesday a majority of its shareholders voted to approve its proposed combination with rival beer giant InBev NV.
When the deal closes, Anheuser-Busch shareholders will get $70 in cash for each share of Anheuser-Busch stock they own.
The deal, which creates the world’s largest beer company, is valued at $52 billion. The new company will be called Anheuser-Busch InBev.
A closing date has not been set, but the companies expect the merger to be done before the end of the year. InBev shareholders had approved the merger on Sept. 29