Benjamin Roth: The Great Depression: A Diary
It's all here, times change people don't
-the endless govt programs that fail to stimulate the private sector
-the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out
-Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then
highly recommended
Robert Scheer: The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
The former Editor of Ramparts takes on both parties and how they sold out to Wall Street that is even now partying and bonusing on their former mistakes.
Charles Gasparino: Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street
How Wall Street Backed the Administration and Got What It Paid For
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I noticed that Staples' stock jumped in price as news broke of the Office Depot/Office Max merger. However, I don't understand why this occurrence happened. Do investors believe that Office Depot and Office Max's market share will decrease after they merge, or that both companies' business models are out of date compared to Staples and other similar companies such as Amazon?
Posted by: Joe | February 21, 2013 at 04:17 PM
I do not remember exactly where I read it, but last year someone suggested ( or predicted) that Office Max would either close or merge so this does not really surprise me. Mainly also because in most towns where I have known managers from both Office Depot and Office Max, these companies have been friendly toward each other and understanding they are easy competitive targets, nothing new. Of course because these stores are in close proximity to each other many storefronts will close and job cuts will occur. If they stick to a program, grow with the times and concentrate of what the customer wants, they should be fine as a single entity. As for my personal taste, I seriously dislike Staples...so either Office Max or Office Depot will always have me as their customer. (Of course with recent major screw-ups Office Depot has had processing printable textbooks for us at Texas A&M-San Antonio, I am starting to dislike them as well....in fact because of that I have not shopped an Office Depot for two semesters and can care less about shopping them again.)
Posted by: Ruben Medrano, Sr. | February 23, 2013 at 09:22 PM