culture, politics, commentary, criticism

Tuesday, August 30, 2005
The hourglass economy. Nobody in American public discourse talks about the poor much anymore. Meanwhile, as Wal-Mart has already figured out, the poor have become a
business opportunity (WSJ):
Save-A-Lot has quietly become one of the nation's most successful grocery chains by courting a demographic supermarkets have long ignored: the poor. The Earth City, Mo., chain is blanketing the country with tiny, cheap stores catering to households earning less than $35,000 a year, generating higher profits than most grocers while doing so.

Save-A-Lot is one of an emerging breed of no-frills supermarkets known as "hard discounters" who are changing the way Americans buy cheap goods and increasing pressure on branded food makers to keep prices low. Their growth illustrates how food retail, like other consumer industries, is splitting away from the middle. Save-A-Lot and the upscale Whole Foods Market Inc. are thriving, while Kroger and other traditional chains flounder in what some economists call an hourglass economy.
There is less of a spectrum and more of a dichotomy of economic classes in America now.

This, when referring to things like retirement assets or healthcare, is what Bush Republicans mean when they say "choice."

Rich or poor.
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Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top






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