A fall of another

Okay so no one here knows that I worked at circuit city. I do as a Firedog PC technician. You can hold your comments about circuit city sucking with poor customer service, lack of stock, etc. (In fact the store I worked at we all make jokes about the Best Buy down the street has better inventory than we do). In any case some of you Americans may realize that Circuit city recently filled for chapter 11 bankruptcy, which was to get more time to restructure. However they were denied. So now officially they are going to liquidate their stores.

http://www.msnbc.msn.com/id/28691963/

and 35,000 people will be out of their jobs, and me... This isn't a thread about how Circuit City shouldn't close (In fact they shouldn't, competition in the market is a good thing for consumers -> economics 101), I think I'm asking everyone out there at the pit if this recession has affected anyone else?

Ohh and before anyone makes any comments about liquidation sales... guess what, liquidation doesn't mean lower prices.... in fact it means higher prices that are discounted (as in the net change for most products will be higher priced than what they were originally).

Hmm, first off, I completely missed this thread. I don't think it appeared on the front page or something, otherwise I would have posted.

Having said that, It amazes me as to why they would get hit. consumer electronics is a pretty big marketplace, and they were one of the top competitors. If anything, I would image RadioShack would have gone down before them.

Personally I haven't felt the recession. My field of studies (Architecture) AFAIK, hasn't diminished whatsoever. An architect I know down south, says business has never been better, as their client base has doubled each year, and this year looks to prove the same. There are more people building more houses down here in the South, so I don't see many traits of a recession down here.

I suppose I'm gonna need to go check out the Circuit City near my home before it closes soon!

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Blog: www.playingarchitecture.net
LinkedIn: Eric Lancon
Twitter:@Riven202

Someone call me when WALMART files for chapter 11. Until then I am not worried.

I haven't felt the reccession being a first year student it's probably a good thing for me as my loan/grant stays the same, but prices are getting cheaper. That said the media industry has taken a hit and is hiring less (so my editing lecturer says). I'm just glad that my course has the reputation it has which will help when it comes to getting a job in a couple of years, when hopefully the economic situation is getting better.

File front is having trouble as well:

http://farewell.filefront.com/

omegaslayer said:
File front is having trouble as well:

http://farewell.filefront.com/

Whoa! This economic slow down sucks ass.

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Aaron's Stuff

Well, now that's a surprise! That has to affect a lot of sites who host primary files through FileFront I imagine. This is a decent sized 'blip' in Internet history AFAI have to speculate (heh: AFAIHTS).

Total drag

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Blog: www.playingarchitecture.net
LinkedIn: Eric Lancon
Twitter:@Riven202

I don't know where I'm going to host my stuff from now on

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Aaron's Stuff

I don't know why the host (or someone) of the website doesn't set up a paypal account and make a post to say "Hey lets donate to keep filefront up and running."

Maybe the host has too much pride for that?

Somehow I don't think that would be a terribly good business model.

Filefront is one of the Ziff Davis sites, and I guess it (understandably) just isn't profitable enough.

Apparently there are a bunch of employees who have backed up all the data (files, all the community posts etc) and hope to relaunch the service under a new name... hope it works for them. I always found filefront to be way above any other hosting service out there.

If the merchant class of Americans don't pull their collective heads out of their asses the economy is sure to fail.
I mean seriously, the stupid people still think/act as if fuel oil is above 100 dollars a barrel... At least from a user/buyer such as myself's perspective.
I dunno about the rest of you, but I am about fed up with the excuses for why this, or why that is still so high. Every day I see another price hike, and when I ask why I receive one of two replies.
1) Everyone else is doing it, why should I not?
2) I have to make up the difference somehow...

1st off, it was kinda understandable that prices were going to rise, when fuel did, simple because the world is in fact so FUEL oriented, but dammit, the prices have dropped down to near "PRE-TOWERS" times and still the merchant class wants to remain at the highest levels possible.

This i the way I see it. If a company fails it was meant to fail. Like the global warming myth, this is just another cycle and one meant to happen is it does happen.

If the merchant class doesn't drop their prices back to pre tower days, then the deserve to die.

Truth be told, I live a fairly frugal life. The impact upon me is minimal at most. I am suffering no more or less than I did 10 years ago. I live in other words "AT MY MEANS"
The people suffering are those whom lived above their means and now are paying the piper. Let them...

/2 cents

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The best things in life, aren't things.

Yeah we've had the same thing over here for the past decade Orph - people encouraged to live beyond their means with >100% mortgages (and told to lie about their income to borrow even more), 30% APR credit cards handed out like candy, similar store cards everywhere (an Argos one had almost 200% APR!), 0% finance on cars for umpteen years, masses of preapproved loans (I still get letters every couple of weeks from Barclays for a 'pre-approved' £8k loan, despite the apparent 'credit crunch').

Those of us that live within our means end up being the ones whose taxes bail out everyone else, while our savings are now accruing so little interest as to be hardly worth having and our pensions etc get screwed by the idiots.

The government has actively encouraged this as consumer spending has been propping up the economy for 6-7 years at least, and they themselves have put us into 10% GDP of debt with ridiculous PFI programmes (whereby they get private companies to run public services so we end up with schools run by the company that ran prison camps in Japan 50yrs ago) that cost massively more than doing things publicly, fail to deliver and lock the taxpayer into multi-decade contracts with massive yearly increments.

Problem is, these companies are the ones that fund the parties. They can't directly, but go visit the Labour party conference and listen to the seminar on why food needs better nutritional labelling sponsored by the likes of nestle, mars, kelloggs and pepsi (oh yes, our research has shown current labelling is fine... honest... no need to tell people how atrocious our products really are). The need for private investment in public services... sponsored by the companies bidding for the contracts.... civil servants and ex-ministers waltzing into the directorships of companies who they've just been flogging public contracts too. That's how we ended up flogging off £300m worth of the MoD to Qinetiq (a private company set up and run by ex-MoD officials who flogged) for about £10m and let them make a killing.

The directors of HBOS, Lloyds, RBS etc that presided over the sub-prime fiasco and led those banks to ruin and govt bailouts are (after being knighted for their services to fking everything up) now sitting pretty as ministers in the new Dept of Business that is supposed to find out what went wrong! ffs! One of them has already had to go because he was revealed to be a major figure in running tax haven funds in Leichenstein!

The opposition won't hold anyone to account because they're all paid off in the same way, most of them having second/third/fourth jobs as directors on various companies.

The press is totally toothless and uninterested in holding any of them to account because stories about stupid reality TV shows sell more papers, and they're all owned by a few individuals or groups such as Murdoch/Sir Desmond (a porn baron and associate of the New York mafia who owns the daily express, has been knighted and frequents No10)/Barclay brothers (not even gonna start on how batshit crazy they are...)/Lord Rothermere (who lives non-domiciled in France for tax evasion purposes despite owning a huge palace and grounds in England) who get greased by the establishment. There is virtually no free or independent press - what little there is called all the crap that has been happening years before everything hit the fan, but everyone is too snarled up in their own self interest and enrichment for anyone to do anything about it.

Obama sounds like a breath of fresh air for you guys, promising to clean out the lobbyist system that performs a similar castration of the democratic process for you guys. I think he has a mountain to climb though.

And yeah, funny how quick all the prices increase due to fuel costs, but never come back down again. I mean... I suppose Tesco are really feeling it with only £8bn profits and profit rises at every single supermarket in the country. Good job we have Lord Sainsbury employed by our government (ministerial advisor on why our GM carrots are good for you and we should be allowed to sell them) and on the case! Hmmm.

[/rant]

larchy said:
Obama sounds like a breath of fresh air for you guys...[/rant]

He's not.
He was unheard of till only a short time ago. He was groomed for his position and pushed into power by the same people you spoke of, the people who run the banks and own the news papers. Oboma is a tool and his oversight is Rahm Emanuel. Much like Cheny was to Bush. http://www.youtube.com/watch?v=DSVnNTZskPA

I don't know how things work in the UK but in The uSA 90%(not an exaggeration) of the news papers and the majority of the televised "news" company's are owned buy one person (http://www.outfoxed.org/).

I don't know if the bail out will work, or if it was ever meant to, but my guess is that before the end of Obomas second term he (not he, but his bosses) will destroy the dollar in order to bring in the Amero( the american euro).

Don't think im just an Oboma basher. I did vote form him. And im still happy with him as of now, as long as HR 45 doesn't pass.

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Reality has become a commodity.

As I posted above, the employee buyout has gone ahead and Filefront still lives \o/