Gongol.com Archives: September 2014
PBR is being sold to the Russians
Pabst, once an iconic Milwaukee beer, hasn't even been headquartered there since 2010. It's now being sold to Oasis Beverages, out of Russia, in partnership with an investment company. A few observations: First, brands and brand perceptions are always going to matter when it comes to things like food and drink, since people care most about the things they put inside their bodies. Second, hearkening back to the sale of Anheuser-Busch to the Brazilians and Belgians back in 2008, if people don't want to lose control of companies, they have choices available to them -- like buying and retaining control. Choose not to do that? Fine. But control comes via ownership. Third, as long as debt remains cheap and the United States remains the world's most stable free market, we shouldn't be surprised in the least to find that foreign owners take a liking to American assets. They're highly attractive because America is highly attractive. The more uncertain the rest of the world appears, the more certain investments in America will look.
Mother of Omaha jewelry-store killer says he was "hanging out with the wrong crowd"
Anything that makes it harder for young people -- especially young men -- to find something productive to do makes it easier for them to fall in with the "wrong crowd." Consider that when people tell you that a $15 minimum wage is some grand solution to all of the world's problems. Everyone remains individually responsible for their own behavior -- but we as a society shouldn't be blind to the conditions we ourselves create and the unintended consequences thereof. Youth unemployment is a deeply serious problem, and we shouldn't knowingly make it worse. And if it becomes a chronic condition, then we may end up paying the costs for decades.
The Tampa Bay Times is on borrowed time
Reports have it that the paper is a matter of weeks from a possible financial collapse.
Scotland votes to stay in the UK
But the BBC might've overstated things in saying the 55% to 45% vote was a "decisive rejection" -- that's only a 5-point swing
An appalling number of Americans don't know how the government works
A third don't even know the name of a single branch of government