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The Korean unit of American discount warehouse Costco has decided to close its store in Daegu on every second and fourth Sunday, a decision viewed as the firm’s surrendering to pressure to abide by an ordinance meant to protect the livelihoods of smaller retailers.
The company has come under fire for months for ignoring the restriction, arguing it goes against freedom of business. The government hit back with financial penalties and tough inspections of Costco stores over its food safety and management system.
Adding to the pressure were boycott campaigns by civic groups and criticism by the media.
Originally posted by GreenGlassDoor
Costco isn't forcing people to shop there. The government is forcing people to NOT shop there. If other businesses cannot compete at a price-point they need to look at alternatives like exceptional customer services (like home delivery) that Costco cannot provide.
I am certain all those businesses will slowly go under because they can't find a way to attract customers without government intervention.edit on 2-12-2012 by GreenGlassDoor because: (no reason given)
Originally posted by GreenGlassDoor
reply to post by boncho
When did the government ever make you shop at store? You're trying to make this thing about something else.
Major retailers like Target and Walmart may be able to keep the connection between their products and a war-torn African country under wraps.
Thanks to their lobbying efforts, big retailers will likely be exempt from a rule, finalized by the Securities and Exchange Commission Wednesday, which requires public companies to disclose whether their products contain “conflict minerals” from the Democratic Republic of Congo, the Wall Street Journal reports.
H.R.3179 112 To improve the States' rights to enforce the collection of State sales and use tax laws, and for other purposes. 22
S.1832 112 Marketplace Fairness Act 19
S.1843 112 Representation Fairness Restoration Act 6
S.1549 112 American Jobs Act of 2011 6
H.R.3094 112 Workforce Democracy and Fairness Act 6
S.J.RES.36 112 A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Labor Relations Board relating to representation election procedures. 6
H.CON.RES.112 112 Establishing the budget for the United States Government for fiscal year 2013 and setting forth appropriate budgetary levels for fiscal years 2014 through 2022. 5
S.1660 112 American Jobs Act of 2011 5
S.1813 112 A bill to reauthorize Federal-aid highway and highway safety construction programs, and for other purposes. 5
S.1882 112 Fair And Immediate Release of Generic Drugs Act 3
S.21 112 Cyber Security and American Cyber Competitiveness Act of 2011 3
S.27 112 Preserve Access to Affordable Generics Act 3
S.413 112 Cybersecurity and Internet Freedom Act of 2011 3
S.799 112 Commercial Privacy Bill of Rights Act of 2011 3
S.936 112 American Infrastructure Investment Fund Act of 2011 3
H.R.1081 112 Consumers Payment System Protection Act 3
H.R.2577 112 SAFE Data Act 3
H.R.2701 112 Main Street Fairness Act 3
S.1452 112 Main Street Fairness Act 3
S.1207 112 Data Security and Breach Notification Act of 2011 3
H.R.3253 112 International Megan's Law of 2011 3
H.R.5978 112 Equal Employment Opportunity Restoration Act of 2012 3
S.3317 112 Equal Employment Opportunity Restoration Act of 2012 3
S.3521 112 Family and Business Tax Cut Certainty Act of 2012 2
H.R.7 112 Surface Transportation Extension Act of 2012 2
H.R.3210 112 RELIEF Act 2
H.R.1063 112 Strengthening Medicare And Repaying Taxpayers Act of 2011 2
S.AMDT.2151 112 2
S.3187 112 Biosimilar User Fee Act of 2012 2
S.3240 112 Farm bill 2
S.2237 112 Small Business Jobs and Tax Relief Act 2
S.1619 112 Currency Exchange Rate Oversight Reform Act of 2011 1
S.308 112 Trade Extenders Act of 2011 1
H.R.2460 112 Creating and Restoring U.S. Investment and Stimulating Employment Act 1
S.1152 112 Cybersecurity Enhancement Act of 2011 1
H.R.3610 112 Streamlining Workforce Development Programs Act of 2011 1
H.R.3630 112 Temporary Payroll Tax Cut Continuation Act of 2011 1
S.1258 112 A bill to provide for comprehensive immigration reform, and for other purposes. 1
S.3414 112 A bill to enhance the security and resiliency of the cyber and communications infrastructure of the United States. 1
You are trying to deflect this into something else again. Nobody is forced to shop at those stores. In Korea they are being forced to NOT shop there.
The minerals MAY come from a conflict zone? That isn't anything substantive.
These stores will eventually be beaten. Look at K-Mart, King's, Gimble's, and Woolworth's. Somebody devloped a better model and knocked them out.
Just becuase someone started a business doesn't mean it must be successful or we have to visit it. It is irksome to see people cry unfair as if they are doing something wrong.
In the case of Wal-Mart, it is not capitalism. Wal-Mart has an unfair advantage. Nationwide, Wal-Mart has received $1.008 billion in subsidies. In Illinois alone, Wal-Mart has received $100 million in subsidies as school districts have been making drastic budget cuts. How can it be capitalism when the government is paying a company to set up shop? When the Wal-Mart in Cameron, Mo., receives $2.1 million dollars to open its doors, how is the local mom and pop shop supposed to compete?
The consumers in those nations do not get the access to goods and will live in an economy that has such volatility as a result. Fun fact, the grain shortage in Russia caused food prices to spike and the Egyptians overthrew their government. Now the Muslim Brotherhood is in power. So what's so good about their rule again?
More dishonest news you're citing. Subsidies from what? The state of Illisinois or the Federal government?
Originally posted by boncho
Originally posted by GreenGlassDoor
reply to post by boncho
When did the government ever make you shop at store? You're trying to make this thing about something else.
Walmart put other companies out of business.
Example:
Major retailers like Target and Walmart may be able to keep the connection between their products and a war-torn African country under wraps.
Thanks to their lobbying efforts, big retailers will likely be exempt from a rule, finalized by the Securities and Exchange Commission Wednesday, which requires public companies to disclose whether their products contain “conflict minerals” from the Democratic Republic of Congo, the Wall Street Journal reports.
www.huffingtonpost.com...
Other bills Walmart lobbied for:
H.R.3179 112 To improve the States' rights to enforce the collection of State sales and use tax laws, and for other purposes. 22
S.1832 112 Marketplace Fairness Act 19
S.1843 112 Representation Fairness Restoration Act 6
S.1549 112 American Jobs Act of 2011 6
H.R.3094 112 Workforce Democracy and Fairness Act 6
S.J.RES.36 112 A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Labor Relations Board relating to representation election procedures. 6
H.CON.RES.112 112 Establishing the budget for the United States Government for fiscal year 2013 and setting forth appropriate budgetary levels for fiscal years 2014 through 2022. 5
S.1660 112 American Jobs Act of 2011 5
S.1813 112 A bill to reauthorize Federal-aid highway and highway safety construction programs, and for other purposes. 5
S.1882 112 Fair And Immediate Release of Generic Drugs Act 3
S.21 112 Cyber Security and American Cyber Competitiveness Act of 2011 3
S.27 112 Preserve Access to Affordable Generics Act 3
S.413 112 Cybersecurity and Internet Freedom Act of 2011 3
S.799 112 Commercial Privacy Bill of Rights Act of 2011 3
S.936 112 American Infrastructure Investment Fund Act of 2011 3
H.R.1081 112 Consumers Payment System Protection Act 3
H.R.2577 112 SAFE Data Act 3
H.R.2701 112 Main Street Fairness Act 3
S.1452 112 Main Street Fairness Act 3
S.1207 112 Data Security and Breach Notification Act of 2011 3
H.R.3253 112 International Megan's Law of 2011 3
H.R.5978 112 Equal Employment Opportunity Restoration Act of 2012 3
S.3317 112 Equal Employment Opportunity Restoration Act of 2012 3
S.3521 112 Family and Business Tax Cut Certainty Act of 2012 2
H.R.7 112 Surface Transportation Extension Act of 2012 2
H.R.3210 112 RELIEF Act 2
H.R.1063 112 Strengthening Medicare And Repaying Taxpayers Act of 2011 2
S.AMDT.2151 112 2
S.3187 112 Biosimilar User Fee Act of 2012 2
S.3240 112 Farm bill 2
S.2237 112 Small Business Jobs and Tax Relief Act 2
S.1619 112 Currency Exchange Rate Oversight Reform Act of 2011 1
S.308 112 Trade Extenders Act of 2011 1
H.R.2460 112 Creating and Restoring U.S. Investment and Stimulating Employment Act 1
S.1152 112 Cybersecurity Enhancement Act of 2011 1
H.R.3610 112 Streamlining Workforce Development Programs Act of 2011 1
H.R.3630 112 Temporary Payroll Tax Cut Continuation Act of 2011 1
S.1258 112 A bill to provide for comprehensive immigration reform, and for other purposes. 1
S.3414 112 A bill to enhance the security and resiliency of the cyber and communications infrastructure of the United States. 1
www.opensecrets.org...
Did you think all these lobbying efforts was just to be a concerned corporation. Jesus, give me a break.
The reason companies like Walmart got big is because they lobby for rule changes that seems like its for something else while they take a direct benefit. And big surprise the bills they push for hurts their competitors.
So yes, by giving unfair advantage to certain corporations, the government has forced where many can shop.
edit on 2-12-2012 by boncho because: (no reason given)
Originally posted by boncho
Walmart put other companies out of business.
Example:
Major retailers like Target and Walmart may be able to keep the connection between their products and a war-torn African country under wraps.
Thanks to their lobbying efforts, big retailers will likely be exempt from a rule, finalized by the Securities and Exchange Commission Wednesday, which requires public companies to disclose whether their products contain “conflict minerals” from the Democratic Republic of Congo, the Wall Street Journal reports.
www.huffingtonpost.com...
Furthermore, your post did absolutely nothing to prove your claim that "Walmart put other companies out of business":
Anyone willing to listen to you well-deserves to feast on the ignorance you're feeding.
An earlier version of the proposal, part of the 2010 Dodd-Frank financial reform law, would have mandated that retailers selling products under their own brand name abide by the rule, according to the WSJ, but the final version allows a loophole for companies that don’t directly manufacture their products. Goods ranging from smartphones to light bulbs may be made with conflict minerals.