Apocalypse for 16 retail giants in the US

Every generation needs a revolution - an entrepreneurial revolution

Brutal closure of 16 retail behemoth in US  The pandemic and recent external factors have been most unkind to the biggest of the retail establiishments in the US It is incredible that this should happen in USA - the most powerful and strongest nation and earth and center of most excellent management.

The management did not pay attention to the wings of change:

1.   The shift to on line shopping   Amazon was ready and poised to take advantage of this development

      Even CVS which is engaged in health products was not exempt.  Health products should have been

      failure proof..  Shoppers did not need to go to brick and mortar store.  They simply order online and

      delivery companies handle the rest

2.  Quality, high end garments like Brooks, JCPenney failed because WFH did not require elegant suits.

3.  As usual, vulture investors were waiting in the wings and ready to rehab and rejuvenate many of the 

     failing companies  Some were usually behind hope like Sears.  (This follows the business truism that

     wealth is not destroyed, it is simply transferred -  I disagree   Wealth can be lost by fire or theft)

4.  High gasoline prices and other effects of inflation lessened shopping money 

 

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Study for tourism and flipping land for renewable energy

Every generation needs a revolution - an entrepreneurial revolution

There are two things that are diverting my attention in our core business - tourism (a resort for sale in Baras Rizal) and flipping  lands for renewable energy in Central Luzon.  The latter involves mere LF ads and getting in touch with agents from Central Luzon

San Roque Baras resort

Resort in Baras YT video

For the first I have all ready my preconceived notion:   1.  It is not part of our core busienss and investment guidelines.    2.  Resort is a highly cyclic and seasonal business.   It does revenue only 50% of the year.  (See the big ones in Sta Rosa that have gone into thematic parks and rides)  Even Disneyland which as integrated all scope entertainment:    movies, TV, shows, and theme parks, hotels travel has seen the worst.  And now with inflation, definitely entertainment will not be in top list of family budget.

The proposed site is distant and requires P500.00 tricycle to get there.   

I have to entertain and talk to the interested parties who will come on Wednesday. 

Is PHL into bread and circus.?

Every generation needs a revolution - an entrepreneurial revolution

Certain roads were closed in the Eastern portion of the province at noon time There was reported street dancing (at noon time) involving several municipalities  

Is this part of  bread and circus program that is being emulated from the Roman empire.  Rome gave daiy ration of flour to its populace = regular spectacle from the  coliseum   Bread and circus was a form of appeasement to the populace.   The other spectacle are sports events  -  basketball volleyball  or softball and other religious events.  

Bread and circus

That the government spending on these is constitutional is dubious   Senate press release on aid