In an interview on CNN, Marshall Cohen, chief industry analyst for the NPD group, said that when retailers give discounts of 50-60% they’re about breaking even.
And now they want a bailout because they’ve been making 50% profit on what they sell??
Maybe in this economic climate the government should give them the tax subsidy they’re looking for; but in return the retail czar (like the “car czar”) should make sure they make no more than 20% profit. This will help consumers and the economy a whole lot more than guaranteeing their fat profit margins by spending Federal tax dollars.
You won’t see me much online for the next week… I’ve been getting all sorts of tests because I get lightheaded when I eat, and my blood tests and other tests are indicating that I have an ulcer or an obstructing gallstone. So I can’t eat solid food, and I’m drinking a lot of Gatorade… and resting a lot.
Reiki practitioners and those who do healing magic: I need all the help I can get, both for medical healing and for calming me down – I’m the kind of person who knows just enough medical information to scare myself silly.