The Spectacle Blog
On Monday Walmart announced it would “reinforce its commitment to lower prices,” and PajamasMedia’s Richard Pollock portrayed it as a departure from the company’s efforts in recent years to cozy up to liberal causes such as Obamacare and “sustainability.” At the National Legal and Policy Center blog today, I explain how there are no signs that Walmart is changing its ways.
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More Blog Posts by Paul Chesser
http://spectator.org/blog/2011/04/14/walmart-sustains-its-ways
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Bill Hussein O'Stalin| 4.14.11 @ 8:38AM
You've picked up on a good theme here.
I made money after the Y2K farce shorting stocks of companies who announced diversity programs.
One of those was Ford. I made tons of money shorting their stock after they announced they were embracing diversity.
Sure enough, the stock was trading at $23 to $27 a share and within a year was trading at $11 or so. I predicted on an investor blog that it would hit $3.75 one day.
Ironically, Ford can't afford the diversity anymore and perhaps that explains part of their comeback.
But wait, any company who embraces phony political causes is doomed, if not to a great extent to a lesser extent.
And that's all it takes these days to run you down the hill.