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Showing posts with the label CBS News

Big-box stores may see dark days ahead

Walmart (WMT) and Target (TGT) gained dominance by offering everything from groceries to children's toys, often putting smaller, local stores out of business in the process. Now, it's the revenge of the smaller retailers. Walmart is being forced to focus on "defensive investments" as it seeks to counter the popularity of online retailers such as Amazon (AMZN), as well as smaller chains such as dollar stores and drugstores. That's according to a new report from Goldman Sachs (GS), which downgraded its investment rating on the retail giant. More from CBS News .

The Good News

After living for several years as an expat in the UK, you would think that I would be immune to the perpetual critique of the US and Americans that goes on. But I am not. Not even when I agree or can clearly see the truth in what is said. But this also inspires in me a need to represent the good people I know who are trying to make a difference day-to-day. Most people I know are not Hummer-driving, junk-food guzzling, paper-towel-wasting, supporters of ne'er-do-wells in the world. So,as usual came home from a trip to the UK feeling the need for a little good news, and after a few futile attempts returned to The Good News Network to see if in fact there was any good news. Well, sometimes these things can backfire, because the good news can seem so anemic compared to the bad news...but! If there is good news to be had, they will find it - and I am pleased to read that Google is trying to help develop clean energy to offset it's use of electricity and that healthy school lunche...

Extreme Commuting

CBS Sunday Morning had a story a couple weeks ago about The Ever-Growing American Commute . The subtitle is "People Are Living Farther From Cities And Enduring Longer Commutes So They Can Have Large Homes". Much of the background data for the story comes from Commuting in America III from TRB. While one can buy the whole report for $60, there are important (free) data available in the summaries. The most interesting thing I learned is that the commuting patterns are not just from the suburbs to the central city, but from a suburb of one central city to a suburb of another central city. The implications of this is that carpooling and mass transit are almost never available options in these situations; thus, individual - no passenger - use is on the rise in many areas. Yet, there is this countervailing trend: "Although immigrants make up less than 14 percent of all workers, they represent about 40 percent of those in large carpools. The percentage is particularly high amo...