Drudge Retort: The Other Side of the News
Thursday, January 11, 2018

Bloomber: Largest private U.S. employer to give bonuses of up to $1,000. Company says tax reform allows acceleration of U.S. plans. Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

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Say it ain't soooo..

- The DNC

#1 | Posted by Rightocenter at 2018-01-11 03:00 PM | Reply | Funny: 3

"This was already planned" deflection incoming in 3...2...1

#2 | Posted by Rightocenter at 2018-01-11 03:01 PM | Reply | Funny: 1

I can see all the people dropping out of medical school to work at WalMart now.

#3 | Posted by 726 at 2018-01-11 03:08 PM | Reply

Walmart Cutting Hundreds of Jobs In Latest Round of Layoffs

fortune.com

Sam's Club, the membership warehouse owned by retail giant Walmart, is shutting down or converting 63 stores, a Walmart official confirmed Thursday

www.usatoday.com

#4 | Posted by Corky at 2018-01-11 03:08 PM | Reply

Guess NY WalMart workers are better off as minimum wage is now $13 per hour.

#5 | Posted by 726 at 2018-01-11 03:09 PM | Reply

"This was already planned"

face meets palm

#6 | Posted by ChiefTutMoses at 2018-01-11 03:15 PM | Reply

the 1,000 dollar bonus is contingent on at least 20 years of employment

how ------- sad is that!

#7 | Posted by ChiefTutMoses at 2018-01-11 03:17 PM | Reply | Newsworthy 1

Let's see what states have higher than $9/hr...

AK $9.84
AZ $10.50
CA $11.00
CO $10.20
CT $10.10
DC $13.25
HI $10.10
ME $10.00
MD $10.10
MA $11.00
MI $9.25
MN $9.65
NY $13.00
OR $10.25
RI $10.10
VT $10.50
WA $11.50

But yeah, it was because of the tax cut.

#8 | Posted by 726 at 2018-01-11 03:17 PM | Reply

Say it isn't so:

Walmart abruptly closes several Sam's Club stores, lays off thousands

Business Insider
Hayley Peterson
1 hr ago

Closures were reported by local media in Texas, New York, New Jersey, Indiana, Arizona Alaska, and elsewhere.

In some cases, employees were not informed of the closures prior to showing up to work on Thursday.

Instead, they learned that their store would be closing when they found the store's doors locked and a notice announcing the closure, according to reports.

www.msn.com

#9 | Posted by Gal_Tuesday at 2018-01-11 03:19 PM | Reply

#9 "From what I heard, there's over 260 stores that have been closed down," Buckner told the station.

#10 | Posted by Gal_Tuesday at 2018-01-11 03:22 PM | Reply

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"employees were not informed of the closures prior to showing up to work on Thursday"

that would have made for a bad headline.

#11 | Posted by ChiefTutMoses at 2018-01-11 03:23 PM | Reply

the "rights" greatest enemy, the passage of time, showed rightoecentre no mercy today

Trump is holding rightoecentre like a six-pack

#12 | Posted by ChiefTutMoses at 2018-01-11 03:27 PM | Reply

Here's the potential stupidity of the new Medicaid work requirement: It has been documented that a number of Walmart workers are on Medicaid. I assume the same is true for Sam's Club. So, Sam Club's workers will be able to be on Medicaid, until they get laid off. Then they will lose the benefit? If so, that makes no sense.

#13 | Posted by Gal_Tuesday at 2018-01-11 03:27 PM | Reply

"So, Sam Club's workers will be able to be on Medicaid, until they get laid off. Then they will lose the benefit? If so, that makes no sense."

Sounds like Republican Logic™, brought to you by the same folks who brought you Republican Math™.

#14 | Posted by Danforth at 2018-01-11 03:33 PM | Reply

#13

Typically with a work requirement one has to be working or actively looking for work.

If the Medicaid work requirement plays out as you've suggested, you can count me as someone who opposes it. I highly doubt that is the case though.

#15 | Posted by JeffJ at 2018-01-11 03:36 PM | Reply

I see the Trumpublicans are desperate to find some positive spin for anything they can.

Does Walmart plan on actually pay their employees? Or are these raises government subsidized?

#16 | Posted by ClownShack at 2018-01-11 03:36 PM | Reply

"Wal-Mart Raises Hourly Wage to $11 in Wake of California Mudslides."

^
An equally accurate headline.

#17 | Posted by snoofy at 2018-01-11 03:37 PM | Reply | Funny: 1 | Newsworthy 3

"I highly doubt that is the case though"

says the asshat who for years was confused and adamant over the validity of a document he never personally saw

why should anyone ------- believe you or even think your nonsense is sincere

#18 | Posted by ChiefTutMoses at 2018-01-11 03:41 PM | Reply | Newsworthy 1

WalMarts is closing 63 Sams Clubs too.

#19 | Posted by LauraMohr at 2018-01-11 03:42 PM | Reply

WalMarts is closing 63 Sams Clubs too.

#19 | POSTED BY LAURAMOHR

That's most likely a result of competition. Costco >>> Sam's IMO.

#20 | Posted by JeffJ at 2018-01-11 03:56 PM | Reply | Newsworthy 1

If this happened during the Obama administration the DR Left would be soiling themselves with joy.

Too funny.

#21 | Posted by Rightocenter at 2018-01-11 04:06 PM | Reply | Funny: 2 | Newsworthy 2

"If this happened during the Obama administration the DR Left would be soiling themselves with joy."

The minimum wage hike, or the closing 63 stores?

I know... both!

#22 | Posted by snoofy at 2018-01-11 04:14 PM | Reply | Newsworthy 2

If this happened during the Obama administration the DR Left would be soiling themselves with joy.

What's interesting is, there where many cities which raised minimum wage during the time Obama was president. And no one gave him or his administration any credit. Because he had nothing to do with it.

Way to bleed partisanship.

#23 | Posted by ClownShack at 2018-01-11 04:22 PM | Reply | Newsworthy 1

"Sam's Club, the membership warehouse owned by retail giant Walmart, is shutting down or converting 63 stores, a Walmart official confirmed Thursday"

which has nothing to do with this tax bill.

nor does the wages either, IMO.

And understand that if you have thousands of stores then you're shutting down, converting, adding a certain number of them at any given time.

It's always a moving target.

#24 | Posted by eberly at 2018-01-11 04:36 PM | Reply | Funny: 1

Press conference earlier today:

Sanders: "This is only the beginning of what people have to look forward to in the Trump economy."

Reporter: "260 Sam's Clubs stores have been closed on not that much notice. I was wondering if you have any comment on that?"

Sanders: "I do not have any comment on that specific component."

#25 | Posted by Derek_Wildstar at 2018-01-11 04:55 PM | Reply | Newsworthy 1

The way I hear it, they are closing and opening in other locations while at the same time altering their business model. I think ours is one of those that is closing and re-opening on the other side of the river because that area of the Parish has gone severely downhill in the last decade and the traffic has made it virtually inaccessible. I got rid of my membership about 5 years ago for that very reason.

#26 | Posted by bogey1355 at 2018-01-11 05:36 PM | Reply | Funny: 2

Way to bleed partisanship.

I'm very interested to hear how that comment "bleeds partisanship"...take your time.

#27 | Posted by Rightocenter at 2018-01-11 09:15 PM | Reply

"Dozens of Sam's Club stores across the nation suddenly closed Thursday. Three of them are in the Houston area, including the store near NRG Park.

Signs were posted on the gas pumps and the store's front door first thing in the morning.

"I'm kind of upset about it," said one customer, or member. "This one is close to everything."

"I'm surprised they didn't tell anybody anything," said another customer.

It appears neither customers nor employees got any advance warning."

www.khou.com

Wow... not even a notice to employees. Now I see what lawyerboy means. Walmart really does care about their employees.

#28 | Posted by Corky at 2018-01-11 09:57 PM | Reply

Jeezus, ROC...what a blind partisan hack you've turned to be...

LOL!

#29 | Posted by Angrydad at 2018-01-11 10:29 PM | Reply

"I'm very interested to hear how that comment "bleeds partisanship"

You're navel-gazing over what the Other Side would do if the Other Guy was in office, and you can't tell you're bleeding partisanship from the mouth and rectum?

I believe you, is the sad thing. About you.

#30 | Posted by snoofy at 2018-01-11 10:35 PM | Reply

"The United Food and Commercial Workers International Union, which hopes to represent Walmart's nonunionized work force, called the wage increase a "public relations stunt" meant to distract from the closings.

Senate Democrats, citing the closings and a $20 billion stock buyback announced last fall, said in a statement: "The real response of companies like Walmart to the Republican tax bill has been to ensure that its already high-paid executives and wealthy shareholders reap the overwhelming benefit, leaving thousands of workers standing in the cold without jobs."

-

Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a nonprofit research group, said it was difficult to forecast precisely how much Walmart would save.

But based on the company's average annual United States earnings over the past five years, he said, savings from the cut in the corporate tax rate alone could be roughly $2.2 billion a year, or 40 percent.

He said the figure could be higher or lower depending on tax breaks the company might be losing, or new advantages in the treatment of capital investments and other provisions.

Walmart said the wage increases and bonuses would cost the company roughly $700 million."

-

Still, many economists are skeptical that the tax cut will have a meaningful impact on wages. In an economic research memo released on Thursday, Goldman Sachs wrote that "we expect no significant short-term effect of tax reform on" average hourly earnings.

excepts

www.nytimes.com

Lessee, 700 million for millions of workers and a billion and a half for the company. And the forecast of economists that the tax cut will not have, "a meaningful impact on wages".

RoC must be, "soiling himself with joy", as he says.

#31 | Posted by Corky at 2018-01-11 11:00 PM | Reply | Newsworthy 1

the 1,000 dollar bonus is contingent on at least 20 years of employment

how ------- sad is that!

#7 | Posted by ChiefTutMoses at 2018-01-11 03:17 PM | Reply | Flag:

$50 per year and don't forget to stop by the "In Store Associate Food Bank" to pick up a dented can of green beans for you families dinner tonight.

- The Waltons.

#32 | Posted by 726 at 2018-01-12 07:09 AM | Reply

$1000 bonus for employees with over 20-year service. The actual cost of bonus to Walmart, less than 2% of their recent tax break windfall.

#33 | Posted by Sezu at 2018-01-12 09:01 AM | Reply | Newsworthy 1

"As for measuring one against the other, Bivens said the Walton family wealth in 2010 was as large as the wealth of the bottom 48.8 million families in the United States, or 41.5 percent of all American families."

Yeah, they needed a tax cut before they could give some of their employees a raise all the way to $11.00 per hour. OMG! Now those employees will be rich! And why does the MSM forget to include the bit that only 20+ year employees are getting the $1000.00 bonus? Accident? Only a fool would believe so.

#34 | Posted by danni at 2018-01-12 09:58 AM | Reply

So, one of the wealthiest family in America is giving 20 year employees (how many of them can there be?) the equivalent of a $50 dollar a year bonus, and we're all supposed to thank Trump and the GOP tax bill for enabling their generosity?

#35 | Posted by Gal_Tuesday at 2018-01-12 10:20 AM | Reply

#35 | POSTED BY GAL_TUESDAY AT 2018-01-12 10:20 AM | FLAG: The corporate tax change was not about bonuses or raises as that is just some positive fallout because of the tax change. Reducing the corporate tax rate is to make our companies more competitive with those in other companies, and be less inclined to relocate overseas [like to Ireland] where the tax rate was lower.

Here are just 10 that did.
10 iconic US companies that have left America
www.cnbc.com

Ireland has become a mecca for U.S. tech companies. Can Trump lure them home? www.latimes.com

Note: Ireland has a corporate tax rate of 12.5% so I doubt that those US companies which relocated there will comeback IMO.

#36 | Posted by MSgt at 2018-01-12 01:36 PM | Reply | Funny: 1

Wal-Mart is changing to a new business model like all retail companies.
Expect more closing and opening in the future. look at new locations and how spread out they are. that is a clue on what they are doing.

#37 | Posted by graph1 at 2018-01-12 05:47 PM | Reply

"The corporate tax change was not about bonuses or raises as that is just some positive fallout because of the tax change. Reducing the corporate tax rate is to make our companies more competitive with those in other companies, and be less inclined to relocate overseas [like to Ireland] where the tax rate was lower."

Walmart can relocate to Ireland if it wants to, but given the much smaller size and population of the country, I doubt they will do so.

#38 | Posted by Gal_Tuesday at 2018-01-12 05:56 PM | Reply

If this happened during the Obama administration the DR Left would be soiling themselves with joy.

#21 | Posted by Rightocenter

So, that makes one wonder, is that what YOU are doing right now?

#39 | Posted by donnerboy at 2018-01-12 06:13 PM | Reply | Funny: 2

#38 | POSTED BY GAL_TUESDAY AT 2018-01-12 05:56 PM | FLAG: Being headquartered in another country has nothing about size or population of that country, as Walmart would continue to have stores in 28 countries [includes the USA].

Here is another example I learned when obtainaing my business degree, as to where one is incorporated can be beneficial for the business bottom line:

Over a million businesses -- more than 50 percent of publicly traded companies in the U.S. and more than 60 percent of Fortune 500 companies -- are incorporated in Delaware. ... Companies that are incorporated in Delaware but do business in other states don't have to pay state corporate income tax to Delaware.Mar 11, 2016
Why Are So Many U.S. Companies Incorporated in Delaware ...
mentalfloss.com/article/76951/why-are-so-many-us-companies-incorporated-delaware

#40 | Posted by MSgt at 2018-01-13 02:30 PM | Reply | Funny: 2

So, that makes one wonder, is that what YOU are doing right now?

#39 | POSTED BY DONNERBOY AT 2018-01-12 06:13 PM

No,just enjoying the collective freak out by the DRtards.

#41 | Posted by Rightocenter at 2018-01-13 05:00 PM | Reply

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