As the exconomy and business models changed, many companies and unions didn't know what to do, so they kicked the can down the road by signing up for more pension plans, with bigger and bigger promises to pay you a bonus later, for the contract we sign today.
Now it is very difficult to keep up those promises. Because - the economy and business models continue to change. The old ideas of how pentioms are funded and should work - no longer fit today's economic structure. Deals made 30-40 years ago don't work now.
I think both sides could see that coming, at least in the receipt past, and likely long ago.
But it is so easy to kick the can down the road, and see what happens then...... because wea ll know it will get better in the future, right?
Put another way, I think the labor force and the business world were two pennies you put in one of those spiraling wishing wells, and they chased each other round and round down into the bottom very tight spiral.....
Sears and its workers are spinning really fast - pretty close to spitting out the bottom.
Neither side is winnnig, there is no good news.
Sears/ Kmart is owned by a holding company that bought them for pennies on the dollar and is spiraling the company down. That is the plan, and something that was a given years ago. Anyone in the past what, decade, would know this is the plan and where it is headed, and would then plan accordingly. The craftsman and kennmore names will be sold off, or just licensed off whatever makes more sense at the time. A lot of old stores are sitting empty, I'm not sure those leases are really paying off....
But then, there is a 17 year old Target building sitting empty in my town for 2 years now. It's not like everyone else has it easy and good either. If Target says they can't make it at that location, who is going to come in and try to prove them wrong? Two other modest size retail buildings got turned into a 'troubled kids' high school and a warehouse, that isn't prime use of the locations and buildings but it is what it is. Big retail is 2 grocery stores and a Walmart in town. Main Street is still there with a Erbergers and a few specialty/ tourist shops that come and go. I think Herbergers was invented here, is the reason that store remains...
Dollar General just closed too. That's a nice sized building I would expect something goes in someday.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
