Surprise, another retailer has announced store closings. According to this Bloomberg report, Victoria’s Secret will be closing 53 underperforming stores.
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J.C. Penney closing 24 stores…stock jumps to $1.59
J.C. Penney is creeping closer to extinction. According to this USA Today report, the struggling retailer will be closing 24 under performing stores.
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Just another day at church…
Everyone needs a good laugh sometimes. This lady is really feeling it. Praise the Lord! Just another Sunday at church. Watch the video below, make sure you turn the sound on!
Elephant in the room: student loans reach $1.5 TRILLION
Whenever I bring up student loans with a co-worker or friends they get a sad look on their face, like they’re f***ed. Most will be f***ed their whole life because they can’t manage debt properly and that 10-year student loan will turn out to be a 30-year mortgage. Unfortunately, there are 44 million people with student loans (30-year mortgages) that total a whopping $1.5 trillion according to this Forbes report.
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Retailers have announced more than 4,000 stores closing in 2019
More bad news for retail. According to this Business Insider report over 4,000 stores are closing (so far) in 2019. The slow death of the middle class combined with Amazon’s impact on local and national retail will only result in more closures as time goes on.
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This chart on Instagram will blow your mind
Instagram is a powerhouse. According to this blurb from Axios, Instagram’s engagement from their top 10 accounts produce six times more interactions than Facebook’s most popular accounts. Insanity.
Despite having less than half of Facebook’s monthly active users (MAUs), Instagram’s top 10 accounts generate more than 6 times more interactions than Facebook’s most-engaged accounts, according to data from CrowdTangle between Nov. 17-Feb. 17.
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Cassette Tapes make a comeback; sales up 125% in 2018
Don’t call it a comeback but cassette tapes are back. According to this Guardian report sales were up a whopping 125% in 2018.
Pause. Stop. Rewind! The cassette, long consigned to the bargain bin of musical history, is staging a humble comeback. Sales have soared in the last year – up 125% in 2018 on the year before – amounting to more than 50,000 cassette albums bought in the UK, the highest volume in 15 years.
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Cord cutting continues as consumers cut cable in record numbers
More bad news for the network liars. According to this Fortune report, more and more people are cord cutting forcing companies like AT&T and Comcast to raise their rates.
The rate of consumers dropping their cable and satellite TV packages hit the highest level ever in the last three months of 2018. And for the first time in a few years, the losses weren’t more than offset by people signing up for Internet TV subscriptions.
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R. Kelly wanted for sexual abuse involving four victims, at least three of them minors
It’s been a busy week in Chicago. First, the Jussie Smollett hate hoax, now R. Kelly has been charged with 10 counts of aggravated criminal sexual abuse according to this Chicago Sun-Times report.
What I’m Listening to Today
On a tip from Dr. Peter Attia: David Foster Wallace would have been 57 years old today. I’ve written and spoken often about the impact his 2005 commencement speech, “This is Water,” has had on me. I listen to it monthly (used to be weekly) and always glean something slightly new. Take time today to do so (google: “DFW this is water” and look for the 22:44 video on YouTube). I know what a subset of you will say… “how can you listen to him… he killed himself… he was a bad guy… etc.” My response… of course he was flawed, who is not? Don’t discount this message because of the messenger’s pain.
Maclib: Madlib Produced an entire album with Mac Miller?
Does Madlib have a Maclib (Mac Miller) album in the vault? According to this XXL report, he just may.
Since the untimely death of Mac Miller in September 2018, many fans have wondered about how much music he left behind. Now, it’s looking like he might have a lot of left over material, and a sizable chunk of those tracks could be on an unreleased LP he reportedly recorded with producer Madlib.
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Southeastern Grocers closing 22 stores
The cutthroat grocery industry is about to claim another casualty. According to this Post and Courier report, Southeastern Grocers is closing 22 stores.
MAGA: Jussie Smollett charged with a FELONY for faking racist attack
The walls are closing in on Jussie Smollett. According to this ABC7 report Jussie Smollett has been charged with a felony for his hate hoax crime.
“Empire” actor Jussie Smollett has been charged with one count of felony disorderly conduct for filing a false police report, the Cook County State’s Attorney’s Office said Wednesday evening.
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What I’m Listening to Today: Joey DeVille-Love is War & The Joe Rogan Show Featuring the Co-Founder of Minds.com
Here’s what I’m listening to today. Joey DeVille a hip hop artist from Philadelphia, PA and The Joe Rogan Show featuring the co-Founder of Minds.com. Here’s an excerpt from DeVille’s Soundcloud page. Undoubtedly, this fusion of energy & soul combined with melody & truth known as “Love Is War” was very much inspired by artists such as XXXTentacion, Drake, & Eminem. Still searching for Love, I’ve fought many Wars. Notice the art work on this masterpiece. I find myself trying to give the world love. This love is dying… It isn’t dead yet!! But it’s barely holding onto whatever’s left. But woe to the snakes that surround me. This symbolizes the disloyal family, friends, exes, or strangers I’ve encountered in my lifetime. Notice the dry bones & skulls that surround the valley around me. This represents the souls of those who fought for love yet died emotionally in their endeavor. This is my story… welcome to my mind. Love Is War.
Will Tesla become the next Amazon?
I ran across an interesting article at cnbc.com that claims Tesla is the next Amazon. This is one of those times I wish I had some “f*ck you” money lying around to invest. Elon Musk, in my opinion, is an enigma. He’s an entertaining CEO who is willing to give the establishment the middle finger. Even more important is the fact that Musk is a disrupter, something the legacy media and corporations despise.