Archive for July, 2014

Crumbs & GoPro: Malinvestment x 2, But Blame Short Sellers. Booyah!

Tuesday, July 8, 2014 16:15 8 Comments

Forbes on the crumbling of Crumbs (bold emphasis mine): Back in July 2011, Crumbs went public in a reverse merger at just over $13 per share. At approximately $60 million market cap, Crumbs wasn’t huge, but that was a hefty price given the chain only had about 35 stores. Trouble came just about a month after [...]

This was posted under category: Boom-Bubble Phenomenon

I Called the Cupcake Bubble Bust. And It Leaves Behind Crumbs.

Tuesday, July 8, 2014 13:36 4 Comments

I called the cupcake bubble back in 2009. Post-economic bust, what started rising from the economy’s ashes was a series of economic “successes” whose popularity made no sense in an economy that was awash with bubble-bust carnage. Cupcakes were the most obvious an imminent mishap. Later on, as cupcake pandemonia took firm hold and media stories [...]

This was posted under category: Boom-Bubble Phenomenon

Outhouse Racism

Tuesday, July 8, 2014 11:39 1 Comment

What’s the big stink over a crappy parade float of an outhouse labeled “Obama Presidential Library”? Of course, the whole thing was immediately elevated to claims of racism in spite of the fact that the outhouse-presidential library idea began as satire bashing a white guy: George Bush.

This was posted under category: political correctness

Government’s “Nutritional Experiment” That Killed Its Willing Subjects

Tuesday, July 8, 2014 7:55 1 Comment

Indeed, this is not a mock Onion piece, nor is it an illusion. The former mother of all conventional wisdom is striking out against conventional wisdom with its defense of fat and the way we used to eat. That is, until the McGovern Committee’s Report put Americans on a path to obesity and disease in [...]

This was posted under category: Food Politics

Butter, We Repent

Monday, July 7, 2014 16:51 1 Comment

My parents, once upon a time, never knew anything but real butter. However, my generation grew up with the usual 70s propaganda: fat bad, industrial-chemical substitutes good. The twisted, power-mongering politics of food have long had a stranglehold on fat, especially in terms of demonizing saturated fat in favor of its plasticized, industrial substitutes. One of the most [...]

This was posted under category: Food Politics

Meals Under Wheels

Monday, July 7, 2014 15:27 1 Comment

I just want you Michigan folks to be informed: the government just gave you permission to ask for permission to bring home your fresh roadkill. The good and kindly bureaucrats in the state of Michigan are making it slightly less onerous to take home your roadkill. Michigan Senate Bill 613 “streamlines” the bureaucracy one must wade [...]

This was posted under category: The State