On 10/18/2011 9:28 AM, RickH wrote:
On Oct 18, 3:57 am, wrote:
"Lowe's Cos Inc is closing 20 of its U.S. locations and eliminating nearly
2,000 jobs, and the home improvement retailer is slashing its store-opening
plans to improve profitability."

http://news.yahoo.com/lowes-closes-s...-plan-12372159...

The stores being closed are located in:

Los Banos, CA
Biddeford, ME
Old Bridge, NJ
Westminster, CA
Ellsworth, ME
Batavia, NY
Denver, CO
Ionia, MI
N. Kingstown, RI
Aurora, IL
Rogers, MN
Emporia, VA
Oswego, IL
Claremont, NH
S. Tacoma, WA
Chalmette, LA
Hooksett, NH
Brown Deer, WI
Haverhill, MA
Manchester, NH

"Right sizing" the company to make it nimble. Something GM should
have done. Something the banks should have done, Something the
financial services companies should have done, Something the
insurance companies should have done. Clearing the brush is a good
thing.

Why would any business do that under our "capitalist" system? It
absolutely makes no sense to be prudent when there is only upside and no
downside. If you are a bank and you over expand and make bad decisions
and run the bank onto the rocks you just call up the government and say
"poor widdle me..." If you are a brokerage and make bad decisions and
have huge gambling losses you call up the government and say "poor
widdle me..." And you even get to keep your $10 million bonus(and get a
bigger one next year) for the great work you did.

Rush Limbagh capitalism with only upside is sure a great thing...