Economy

Posted by joshb

A story called Eco-nomical: Buying Local on Weekend Edition Sunday suggests buying local is the ecological win. The story mentions the benefits that buying from a local store has a greater impact on the local economy than does buying from a big-box national chain. Unfortunately it has some suggestions that just don't add up.

The story suggests that buying from local shops instead of big boxes will mean driving less. Certainly reducing driving is a good thing but does it work this way? With big box stores concentrated in one area it's likely to be that people drive less when they visit the big box stores. A certain number of local stores will be scattered around the big boxes but reaching the number of them necessary to pick up things that one can get in a department store takes quite a bit more driving. Internet shopping is mentioned as a last resort in the story.

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Posted by joshb

The Idaho Statesman reports today that Boise Town Square mall won't open at crazy hours on Black Friday. Last year the largest shopping center in Bosie was among several shopping centers nationally which opened near midnight for sales that were billed as extraordinary. While there were some problems with last year's 1 AM opening it would not take much to imagine that the austere consumer spending reports figure into the decision as well.

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Posted by joshb

Anyone who is concerned about or affected by the crisis in the US economy (i.e.. anyone who is reading this) should take some time to listen to this week's This American Life. It includes detailed and understandable explanations of what is happening, the options for the bailout and the vastly preferable (for taxpayers) bailout option which was included in the bailout bill as an option and which we all need to make sure is actually used.

Posted by joshb

Round Table Pizza still has jobs listed in Boise. However for employees of the west-coast pizza chain the unemployment notice came in the form of a note posted on locked doors.

While I can understand businesses choosing to change directions and models this way of doing business deserves to have major repercussions for Round Table Pizza. Imagine for a moment if it were your rent check that was due on Monday and you found out on Thursday that you're out of a job. A couple of times a year we would frequent Round Table but not any longer. The unethical business practice of giving employees no notice that they are out of a job is just inexcusable. There are at times unfortunate situations where companies go dark overnight but those are associated with really and truly going out of business. This was apparently not related to a bankruptcy or dire situations. Rather it was a calculated well-planned move that was intentionally designed to catch employees off guard. How do I know this? Well things like this don't happen overnight. Sometime back, probably months back, they started looking at how to save some dough. They produced charts and looked at markets. Had meetings and analyzed the numbers. Between the time they closed stores on Wednesday night and the time employees came to work on Thursday they closed up shop.

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