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Thread: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Who most loves WalMart is Obama, who gave WalMart's 4 heirs worth $20 Billion each exemption from ObamaCare because at $20 Billion each they were too poor to pay it. However, mom and pop businesses can afford it - meaning they can't compete with WalMart for higher employee costs.

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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Quote Originally Posted by ocean515 View Post
    Yea. And I wonder how many people in their own homes should be fined? Perhaps jail for Mom or Dad for pouring bleach down the drain?
    In every state I've lived in, you get caught pouring say, motor oil, down the drain and it's a huge fine. Homeowners/renters included.

    Quote Originally Posted by ocean515 View Post
    Leave it to California to ignore the elephant, but go after the money. Is there any reason to doubt why California is considered one of the worst states to do business in?

    20 prosecutors and 32 environmental groups? It's a miracle anyone has a job in California...
    Be that as it may, Walmart got caught doing this, there's no debate on that. I'm not defending California's anti-business stance, but I sure won't condone Walmart, or anyone, dumping toxic waste.

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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    This is another reason why Walmart sucks, other than dumping wastes they also getting their **** from 3rd world countries who have no labor standards, putting mom and pop stores out of business, treating their employees like ****. The list can go on and on. But hey, throw another one up for Walmart. [/FONT][/COLOR]
    Wal Mart didn't put those mom-n-pop joints out of business; the government did. All those wonderful government regulations--such as EPA regulations--are so costly, that only mega corps can afford to operate under them.

    You think Miss Jerry's Department Store--an actual store that used to be open in my hometown--can afford an $81 million bill to our greedy ass government?

    You wanna decry greed? Start with the government.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Quote Originally Posted by apdst View Post
    Wal Mart didn't put those mom-n-pop joints out of business; the government did. All those wonderful government regulations--such as EPA regulations--are so costly, that only mega corps can afford to operate under them.

    You think Miss Jerry's Department Store--an actual store that used to be open in my hometown--can afford an $81 million bill to our greedy ass government?

    You wanna decry greed? Start with the government.

    Yup yup yup gov gov gov.
    This reminds me while I was canvassing back in 2010 and a ran across someone who said "no it wasnt the deregulation of the economy that lead to the financial collapse it was big government".
    Denial denial denial it only goes so far.


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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Quote Originally Posted by TheDemSocialist View Post

    Yup yup yup gov gov gov.
    This reminds me while I was canvassing back in 2010 and a ran across someone who said "no it wasnt the deregulation of the economy that lead to the financial collapse it was big government".
    Denial denial denial it only goes so far.
    It wasn't deregulation of the economy. You're exactly right, because the economy didn't get deregulated. It was government regulation of the lending industry that caused the collapse. The sub-prime mortgage scheme was a government inventon.

    In fact, the architect of the sub-pri mortgage is one of The One's appointees--Penny Pritzker.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    This is another reason why Walmart sucks, other than dumping wastes they also getting their **** from 3rd world countries who have no labor standards, putting mom and pop stores out of business, treating their employees like ****. The list can go on and on. But hey, throw another one up for Walmart. [/FONT][/COLOR]
    Know what I always wonder when I read these stories? "Did the guys who actually did the dumping go to jail??" Why are corporations allowed to buy their way out of law breaking? We ought to start setting some new precedents.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Quote Originally Posted by TheDemSocialist View Post
    This is another reason why Walmart sucks, other than dumping wastes they also getting their **** from 3rd world countries who have no labor standards, putting mom and pop stores out of business, treating their employees like ****. The list can go on and on. But hey, throw another one up for Walmart. [/FONT][/COLOR]
    Cheap labor primarily produces cheap goods which are sold to poor people. In otherwords, you'd rather have everything made as expensive as possible so the poor can't eat. Good for you.

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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    This is another reason why Walmart sucks, other than dumping wastes they also getting their **** from 3rd world countries who have no labor standards, putting mom and pop stores out of business, treating their employees like ****. The list can go on and on. But hey, throw another one up for Walmart. [/FONT][/COLOR]
    Target is next. I understand the democrats want to go after Target for selling things made from cloth made out of cotton raised in slave labor type situations. You really need to keep up with the list of evil corporations. It grows every day.

    Oh way, I forgot, Michelle Obama shops at Target. Never mind--that explains everything.......

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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Quote Originally Posted by TheDemSocialist View Post
    ...
    Walmart has done more for American families than the government could ever dream of doing... the product of efficiency and staying close to the consumer.

    They've done it how?

    1. Started in the small town of Bentonville Arkansas and then moved to towns of about 5,000 people.
    2. Sought to buy products at the lowest possible price and pass savings on to the consumer.
    3. They sought to take out the middle man who only added cost and no value.
    4. They were the pioneers of using computers to make operations efficient.
    5. They created a system of hubs to grow. Shipping was centralized and from these centers they grew outwards.
    6. They offered employees stocks, and many became wealthy. They still offer stock options.
    7. They didn't build monuments to themselves; they stayed lean.
    8. They obviously treat employees well enough... because unions have had a bugger of a time "organizing" them.
    9. They developed systems to reduce "shrinkage".


    All this has saved American families more than $2500 annually. And competitors have had to follow. As stated earlier... they achieve what the government claims to do but never does.

    When WalMart started... it was JC Penny, KMart, Sears and others at the helm. These companies got rich, then fat, and lazy.

    For the small shops, their days were always numbered, and the only way they could survive was by being close to their customer.

    You don't like WalMart going to 3rd world countries to have products produced? What? You want them to be unemployed? You want them to have Western standards they cannot yet afford? Ask Warren Buffet what it was like running textile company in America.

    You should read Adam Smith's The Wealth of Nations. You don't produce nails if someone else can do it cheaper.


    And a word from Charlie Munger on the nostalgia of small town stores... he used to work in a small store, as did Warren Buffett... in fact the same store.
    "I believe that the world is better for having Wal-Mart."
    A CASE STUDY IN ECONOMIES VS. DISECONOMICS
    - WAL-MART VERSUS SEARS, ROEBUCK.
    --------------------------------------------------------------------------------
    A chain store can be a fantastic enterprise.

    Munger: On the subject of advantages of economies of scale, I find chain stores quite interesting.
    Just think about it. The concept of a chain store was a fascinating invention. You get this huge
    purchasing power - which means that you have lower merchandise costs. You get a whole bunch
    of little laboratories outthere in which you can conduct experiments. And you get specialization.
    If one little guy is trying to buy across 27 different merchandise categories influenced by
    traveling salesmen, he's going to make a lot of dumb decisions. But if your buying is done in
    headquarters for a huge bunch of stores, you can get very bright people that know a lot about
    refrigerators and so forth to do the buying.

    The reverse is demonstrated by the little store where one guy is doing all the buying. It's like the
    old story about the little store with salt all over its walls. And a stranger comes in and says to the
    store owner, "You must sell a lot of salt." And he replies, "No, I don't. But you should see the
    guy who sells me salt."

    So there are huge purchasing advantages. And then there are the slick systems of forcing
    everyone to do what works. So a chain store can be a fantastic enterprise.
    Sam Walton played the game harder and better than anyone.

    Munger: It's quite interesting to think about Wal-Mart starting from a single store in Bentonville,
    Arkansas - against Sears Roebuck with its name, reputation and all of its billions. How does a
    guy in Bentonville, Arkansas with no money blow right by Sears, Roebuck?
    And he does it in his
    own lifetime - in fact, during his own late lifetime because he was already pretty old by the time
    he started out with one little store....

    He played the chain store game harder and better than anyone else. Walton invented practically
    nothing. But he copied everything anybody else ever did that was smart - and he did it with more
    fanaticism and better employee manipulation. So he just blew right by them all.


    And he had a very shrewd strategy....

    Munger: He also had a very interesting competitive strategy in the early days. He was like a prize
    fighter who wanted a great record so he could be in the finals and make a big TV hit. So what did
    he do? He went out and fought 42 palookas. Right? And the result was knockout, knockout,
    knockout - 42 times.


    Walton, being as shrewd as he was, basically broke other small town merchants in the early days.
    With his more efficient system
    , he might not have been able to tackle some titan head-on at the
    time. But with his better system, he could sure as hell destroy those small town merchants. And
    he went around doing it time after time after time. Then, as he got bigger, he started destroying
    the big boys
    .

    Well, that was a very, very shrewd strategy.

    I believe that the world is better for having Wal-Mart.

    Munger: You can say, "Is this a nice way to behave?" Well, capitalism is a pretty brutal place.
    But I personally think that the world is better for having Wal-Mart. I mean you can idealize small
    town life. But I've spent a fair amount of time in small towns. And let me tell you - you shouldn't
    get too idealistic about all those businesses he destroyed
    .

    Plus, a lot of people who work at Wal-Mart are very high grade, bouncy people who are raising
    nice children. I have no feeling that an inferior culture destroyed a superior culture. I think that is
    nothing more than nostalgia and delusion
    . But, at any rate. it's an interesting model of how the
    scale of things and fanaticism combine to be very powerful.

    Sears was a classic case study in diseconomics.

    Munger: And it's also an interesting model on the other side - how with all its great advantages,
    the disadvantages of bureaucracy did such terrible damage to Sears, Roebuck. Sears had layers
    and layers of people it didn't need. It was very bureaucratic. It was slow to think. And there was
    an established way of thinking. If you poked your head up with a new thought, the system kind
    of turned against you. It was everything in the way of a dysfunctional big bureaucracy that you
    would expect.

    In all fairness, there was also much that was good about it. But it just wasn't as lean and mean
    and shrewd and effective as Sam Walton. And, in due time, all their advantages of scale were not
    enough to prevent Sears from losing heavily to Wal-Mart and other similar retailers.


    Link is a pdf.
    http://www.google.com/url?sa=t&rct=j...47008514,d.bGE
    Last edited by zimmer; 05-29-13 at 04:32 AM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: Walmart Pleads Guilty To Dumping Hazardous Waste, Will Pay $81 Million

    Quote Originally Posted by clownboy View Post
    In every state I've lived in, you get caught pouring say, motor oil, down the drain and it's a huge fine. Homeowners/renters included.



    Be that as it may, Walmart got caught doing this, there's no debate on that. I'm not defending California's anti-business stance, but I sure won't condone Walmart, or anyone, dumping toxic waste.
    I agree about the issue of toxic waste. But really, how many people know that something they put in their clothes washer (bleach) is considered toxic waste to California's watch dogs? 20 prosecutors? 32 environmental groups?

    Let's get real here.

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