Hertz car rental bankruptcy. How can a company with “only” $9 billion in annual revenue even think it will ever be able to pay off ~$17 billion in debt? Their debt load is almost twice as much as their annual revenue. Either way, even before the virus situation, the expected average annual earnings (profit) of a Fortune 500 company is around 8-10 percent of annual revenue. So, let’s round that … [Read more...]
Archives for May 2020
Thrivent reflections – followup to a post from 2019-05-24
May 24, 2020 By
Huh. How things rapidly changed after I wrote this post a year ago. A month after this, myself and twenty others in the IT dept were given four weeks notice that we were to be laid off at the end of July; the VP mentioned below (Sanjaye) was subsequently arrested for child abuse (teenage daughter/step daughter), leading to his termination; And lastly, within just three weeks of the actual … [Read more...]
Reading, and Wikipedia
May 24, 2020 By
Wikipedia is my downfall. My interest in learning is my downfall. Case in point: I started to read the latest John Sandford murder mystery a few days ago. Usually his stories are based in and around the Twin Cities since that is where he’s from. This book, though, follows his protagonist to Washington, D.C. I get distracted by something the author mentions regarding D.C., and there I go, down the … [Read more...]
quote from randy peprock re pandemic re-opening
May 22, 2020 By
“Reopening everything and pretending like the pandemic is all over is like when you're watching a Friday the 13th movie and you think it's safe for the campers to come out of hiding after Jason is "killed", and then he jumps back out of the lake with a butcher knife. Stay safe. We're not out of the woods yet.” … [Read more...]
Vigilante murder in Georgia
May 14, 2020 By
Vigilante/cold blooded murderer/redneck: (paraphrasing) “well, I thought he had a gun, he reached into his pants”. The young man in question, was out jogging, and had shorts on. Here are my thoughts: When I wear shorts to go to the store, i usually carry my cell phone and my wallet in my short’s pockets, having just those two items tend to weigh down the shorts at times, causing me to have to … [Read more...]
Pandemic – reopening – rude people
May 11, 2020 By
What is the world (i.e., these United States) coming to? A small business owner runs an ice cream parlor, and re-opens his business with social distancing rules for ordering, etc., and within the first day (or evening), people coming into the place are so rude to his staff that he has to then close it up again. It’s just ice cream, folks. You can live without … [Read more...]
