How Wal-Mart’s Chairman Burned Through Millions Of Dollars In A Matter Of Seconds From Business Insider
It took Wal-Mart Chairman Rob Walton a matter of seconds to burn through millions of dollars on a race track last year.
He was reportedly tearing around a corner in his rare Shelby Daytona Cobra Coupe, one of five ever made, when he ran it off the track and wrecked it.
The car has been estimated to be worth as much as $15 million, according to The Los Angeles Times, and it likely cost him a couple million dollars to fix it.
The Waltons are without question one of the wealthiest families in the world. Forbes estimates that the net worth of just six of the family members is more than $144 billion, which is greater than the combined net worth of Bill Gates and Warren Buffett.
Rob Walton’s father, Samuel Walton, founded Wal-Mart in 1962. The family now owns a 50.9% stake in the company that’s worth $131 billion and paid out $2.5 billion in dividends last year. The dividends alone would be enough to pay every one of Wal-Mart’s 1.3 million U.S. employees nearly $2,000 in cash.
Consider Rob Walton, for example: Besides houses in Aspen, Colo., and Paradise Valley, Ariz., at least a half dozen vintage cars, and the recent purchase of 1,500 acres of land in Hawaii for a planned resort, you would be hard-pressed to find many signs of his outrageous wealth.
and let’s not forget:
While the average wage of Wal-Mart associates is the subject of some dispute (OUR Walmart claims that most make less than $9 per hour, an estimate based on data from IBISWorld and Glassdoor.com, while Wal-Mart pegs the figure at $11.83), there’s little doubt that many of the store’s workers are stuck below the poverty line, currently $23,550 for a family of four.
A study by congressional Democrats suggested that low wages at a single Wal-Mart could be costing taxpayers as much as $900,000 per year, due to employees using programs like food stamps and Medicaid.
No, BB, it isn’t just you. There are just a lot of people in the world that need a lesson. Speaking of which …
Rush Limbaugh is going after Pope Francis just in time for the Christmas season.
The outspoken conservative pundit blasted the Pope this week after the pontiff released a new 50,000 word document, titled “Evangelli Gaudium” (The Joy of Gospel), calling for church reforms and criticizing certain ideas of capitalism.
Limbaugh, whose nationally syndicated radio show is no stranger to controversial rhetoric, called Francis’ latest statement “pure Marxism.”
Limbaugh’s own statement, titled “It’s Sad How Wrong Pope Francis Is (Unless It’s A Deliberate Mistranslation By Leftists)“ goes on to question whether the pontiff was actually the author of the document.“It’s sad because this pope makes it very clear he doesn’t know what he’s talking about when it comes to capitalism and socialism and so forth,” Limbaugh wrote.
Would you like to discuss who is waging the war on christian “values” now or should we just read Snowflake Snookie’s selling really badly kid’s book? Or perhaps watch Rick Santorum’s movie? Shop for gifts at Walmart?
Yes, there is a classwar, and 99.9% of us are losing it!!
Can you believe it is December 1st? Honestly, I can’t.
What an exhausting year this has been, to think it is almost over.
Anyway, here are your reads for this morning, Israeli Arabs, Palestinians protest plan to relocate Bedouins.
Thousands of Arab citizens of Israel and Palestinians in East Jerusalem and the West Bank demonstrated Saturday against an Israeli government plan that in some cases would relocate Bedouins from traditional lands in the Negev desert to urban communities.
Some of the gatherings turned violent, with 28 protesters arrested and at least 15 police officers injured, one of them stabbed. Police fired stun grenades, tear gas and skunk water to disperse demonstrators.
The “Day of Rage” was called as the Israeli parliament was preparing to give final approval to what has become known as the Prawer Plan, named after an Israeli government official who wrote it.
Israeli officials say the plan was reached after extensive consultation with Bedouin leaders. It would provide recognition and previously denied services for some Bedouin communities that have been viewed by the Israelis as squatters on state land and relocate others while providing some compensation.
The controversial plan faces strong opposition from many Bedouins, who say it would in effect expropriate 200,000 acres of Arab land and forcibly relocate more than 40,000 Bedouins.
The protest have even spread to the UK: Day of Rage Rocks Israel, Spreads to UK.
U.S. airline officials say they are complying with new State Department guidance urging carriers to alert China before any flights pass through that country’s new self-declared air-defense zone.
Airline officials said Saturday that compliance would not disrupt travel to Asia, since they already communicate with any government when crossing through or over foreign territory.
In US politics: N. Georgia key battleground in Senate GOP primary
At the foothills of the Blue Ridge Mountains sits one of the most Republican congressional districts in the country that is home to Georgia’s governor, lieutenant governor and speaker of the House.
The 9th Congressional District and the nearby 14th district are considered the heart of the GOP in Georgia and will be key battlegrounds in a fiercely contested Republican primary next year for an open U.S. Senate seat, a race that will be watched nationally as Democrats look to thwart efforts by Republicans to take control of the Senate.
While not as populous or packed with deep-pocket donors as metro Atlanta, the two districts in north Georgia offer a strong and reliable base of fiscal and social conservatives and are largely up for grabs considering no major candidate has a direct link to the area.
Yeah this is my district, the Saxby Chambliss district….according to that article, 20 percent of the state’s Republican voters are in these districts.
All the top candidates have already made trips and are expected to keep visiting ahead of the May 20 primary. The voters are used to seeing their elected officials and are known for asking tough questions.
“They are a lot like Iowa caucus voters. They expect to see their candidates in the flesh,” said Lake, who recently left the Senate campaign of Rep. Phil Gingrey of Marietta, citing differences in opinion, and is no longer aligned with a candidate in the race.
A number of voters who attended a recent congressional hearing in the 9th district said they remain undecided. Besides Gingrey, the other major candidates are tea party favorite Rep. Paul Broun of Athens; Karen Handel, who has a statewide grassroots organization from her previous campaigns; fundraising leader Rep. Jack Kingston of Savannah; and David Perdue, cousin of former Gov. Sonny Perdue and past CEO of Dollar General and Reebok.
Ugh. More disgust at the link, with no possible chance of getting a decent representative in Washington D.C.
Another link on an asshole of another kind: Seattle Asshole Demands Employee Firing Over Bar’s Google Glass Policy
The most absolute awful thing about the story of Nick Starr is not that he exists, but that there are surely more people like him: the Seattle IT drone threw a Facebook fit when he was asked to take off his face-camera at a cafe. “I would love an explanation, apology, clarification…or her termination.”
Read the rant at the link above.
Here’s the logic: the ability to covertly take pictures of people and perhaps post them to Twitter—as Starr has done in the past—shall not be infringed upon. Any attempts to subvert this divine right will be attacked in kind. This is an ostensibly carbon-based life form arguing for garnished wages or a lost job because he couldn’t wear a face computer into a watering hole.
Those Google Glass things are over the top and cross the line…and that this asshole has taken pictures of people in the bathroom and put them online…geez what a dickhead.
Okay, two links about JFK:
In Wednesday’s Nova special on the JFK assassination, private investigator Josiah Thompson is an avuncular presence, repeatedly explaining what happened on Nov. 22, 50 years ago in Dallas.
But Thursday the author of Six Seconds in Dallas said he was “outraged,” calling the program “rigged.”
He wasn’t accusing “Cold Case: JFK” of faking or staging any tests, but said the program failed to fully examine acoustic evidence that suggests four shots were fired that day, because doing so might have derailed the show’s conclusion, that Lee Harvey Oswald was probably the only gunman.
Jack Ohman suggested “we see what we want to see” regarding the JFK assassination (“Kennedy slaying answers elude us”; Forum, Nov. 17). Marcos Breton blamed our skepticism on advancing age: “It’s the ultimate baby boomer fetish,” he scoffed (“Count me out of the JFK club”; Our Region, Nov. 17).
If you still think the Warren Report is an example of a trustworthy, paternal federal government here to help you, listen up.
Remember the auction of Classic Movie Memorabilia? If you are curious as to how much some of those items ended up going for, check it out here: Classic Movie Memorabilia
ICONIC MALTESE FALCON LEAD STATUETTE FROM THE 1941 FILM Sold for $4,085,000 At the TCM / Bonham’s Auction Nov 23,2013
Angela Lansbury is making a comeback. No, she is not dead. Hold Up–Angela Lansbury Is Returning To The Stage
In breaking entertainment news that is sure to get me 500 billion clicks today alone, Angela Lansbury is set to make her triumphant, beautiful return to the stage. After a more than 40 year absence from the London stage,
Jessica FletcherLansbury will star in a West End revival of Noel Coward’s play Blithe Spirit.
TCM has been showing some crappy movies lately, Chitty Chitty Bang Bang? Please. Hopefully they get back to the good stuff soon.
Anyway, this next article is interesting too, from BBC News – A visit to a hidden coca plantation
The Peruvian government says it is committed to eradicating the coca leaf, from which cocaine is made – but a walk in the jungle suggests that for cash-strapped farmers, it is not an easy choice.
I should probably have listened just a little more carefully when the farmer answered my question.
I had asked if she would show me where her hidden coca plantation was – and what she said was: “Yes, of course, but it will mean a bit of walking.”
Now, I like walking, I walk for pleasure. But what a Peruvian farmer means by a “bit of walking” turned out to be rather different from what I mean.
We were in the region known as the High Amazon. It is breathtakingly beautiful. Green, lush hillsides and steep wooded valleys, where the foothills of the Andes meet the Amazon jungle. Traditionally it has been one of the main production centres for Peruvian cocaine.
And from coke production to art history: Vermeer’s Secret Tool: Testing Whether The Artist Used Mirrors and Lenses to Create His Realistic Images | Vanity Fair
David Hockney and others have speculated—controversially—that a camera obscura could have helped the Dutch painter Vermeer achieve his photo-realistic effects in the 1600s. But no one understood exactly how such a device might actually have been used to paint masterpieces. An inventor in Texas—the subject of a new documentary by the magicians Penn & Teller—may have solved the riddle.
In the history of art, Johannes Vermeer is almost as mysterious and unfathomable as Shakespeare in literature, like a character in a novel. Accepted into his local Dutch painters’ guild in 1653, at age 21, with no recorded training as an apprentice, he promptly begins painting masterful, singular, uncannily realistic pictures of light-filled rooms and ethereal young women. After his death, at 43, he and his minuscule oeuvre slip into obscurity for two centuries. Then, just as photography is making highly realistic painting seem pointless, the photorealistic “Sphinx of Delft” is rediscovered and his pictures are suddenly deemed valuable. By the time of the first big American show of Vermeer paintings—at the Metropolitan Museum of Art, in 1909—their value has increased another hundred times, by the 1920s ten times that.
Despite occasional speculation over the years that an optical device somehow enabled Vermeer to paint his pictures, the art-history establishment has remained adamant in its romantic conviction: maybe he was inspired somehow by lens-projected images, but his only exceptional tool for making art was his astounding eye, his otherworldly genius.
That is a long read…complete with videos.
Have a good day, and think of this as an open thread.
Ya, let’s have some laughs…a little infantile…but there is a reason for my madness. Let me explain.
Earlier today, my mom and dad were farting around on the web, after my dad made some observations that the squirrels around our house are full of bite marks and scars from previous battles. He could not believe such happy little creatures could be so vicious.
Well, my mom set him straight…by showing him some YouTube videos of squirrels fighting each other, beating up birds and even snakes…and in doing so, she got sucked in to the black hole that is YouTube.
Soon she was looking and listening to all sorts of animal attacks and then strange animal sounds, coming upon a frog in Australia, that sounds just like a mountain lion.
And that is when YouTube began to “suggest” videos of news anchors farting on live TV…which she had to show me:
Hey, she sure as hell handled it great!!!!
Doing what FOX does best, talking out of their ass
Oh…now that is funny.
In fact, when my mom read that comment out loud…she farted while laughing…and me? Well, I almost peed my pants.
Now, for something serious. World Toilet Day aims to make sanitary conditions available for all | Al Jazeera Americas
Demonstrators carry signs to mark World Toilet Day in New Delhi, India on Nov. 19.Sajjad Hussain/AFP/Getty Images
On Tuesday much of the underdeveloped world celebrates World Toilet Day, which is meant to bring focus to the diseases and social unrest that can occur when people don’t have sanitary places to relieve themselves. While the World Toilet Organization, the Singapore-based non-profit behind the celebratory day has been around since 2001, this is the first day the United Nations has supported the event.
“We must break the taboos and make sanitation for all a global development a priority,” U.N. Secretary-General Ban Ki-Moon said Tuesday.
Ban stressed that having access to a toilet is an extremely serious issue. They help prevent the spread of diseases that have ravaged many poor areas around the world.
Each year, more than 800,000 children under five die from diarrhea, the U.N. said, many due to poor sanitation.
Lack of access to clean bathrooms in schools also deters many women and girls from pursuing their education after they reach puberty, says a report titled “We Can’t Wait” from WaterAid, a private agency working with the U.N. and Unilever, the multinational consumer goods company.
“Sanitation is central to human and environmental health,” said Ban as he launched a campaign to end open defecation by the 2025 and cut in half the number of people lacking decent sanitation. “It is essential for sustainable development, dignity and opportunity.”
By working together — and by having a frank and open discussion on the importance of toilets and sanitation — we can improve the health and well-being of one-third of the human family,” added Ban. “That is the goal of World Toilet Day.”
This is an open thread…
Red states and blue states? Flyover country and the coasts? How simplistic. Colin Woodard, a reporter at the Portland Press Herald and author of several books, says North America can be broken neatly into 11 separate nation-states, where dominant cultures explain our voting behaviors and attitudes toward everything from social issues to the role of government.
“The borders of my eleven American nations are reflected in many different types of maps — including maps showing the distribution of linguistic dialects, the spread of cultural artifacts, the prevalence of different religious denominations, and the county-by-county breakdown of voting in virtually every hotly contested presidential race in our history,” Woodard writes in the Fall 2013 issue of Tufts University’s alumni magazine. “Our continent’s famed mobility has been reinforcing, not dissolving, regional differences, as people increasingly sort themselves into like-minded communities.”
I actually like the New France description.
New France: Former French colonies in and around New Orleans and Quebec tend toward consensus and egalitarian, “among the most liberal on the continent, with unusually tolerant attitudes toward gays and people of all races and a ready acceptance of government involvement in the economy,” Woodard writes.
This is an open thread!!! How’s your Saturday Night going?
Good Morning Sky Dancers,
I woke up with such a splitting headache that I couldn’t even read anything, much less write. It’s a little better now, but still bad.
So here’s an open thread to start out with. If I can get rid of this headache, I’ll put up another post later on. It’s election day in some places, so here are some links about that.
WaPo on Virginia governor’s race: Virginia governor’s race: early turnout strong, no significant problems at precincts
WaPo on NJ governor’s race: New Jersey voters deciding whether to give popular Republican Christie a 2nd term as governor
NYT on NYC mayoral race: De Blasio, Far Ahead in New York Mayoral Polls, Talks of Mandate; Lhota Hopes for Upset
Boston Globe on Boston mayoral race: Mayoral race tops ticket as voters head to polls