Silicon Valley Bank goes under

Silicon Valley Bank was taken over by the FDIC this week. This is no small town bank. A Silicon Valley was a top 20 bank by any measurement. Worse, a lot of startup companies were required to use this bank for all of their business as a condition of getting venture capital funding. With aContinue reading “Silicon Valley Bank goes under”

Hard times are coming

We hear about layoffs at tech companies and large banks but it doesn’t matter much around here because tech companies never had known presence here and Bank of America left almost a decade ago.  When Walmart announces sales are expected to fall, people around here start paying attention.  Consumers are tapped out and are strugglingContinue reading “Hard times are coming”

Walmart raising wages again

You know it’s hard to find help when Walmart is raising their entire payscale for the second time in two years. The bottom of the scale has gone from 11 dollars an hour to 14 dollars as of March something. The last raise cost us our profit sharing. I wonder what we are going toContinue reading “Walmart raising wages again”

Sears: The Coffeyville Urinal of Retail.

It is little wonder Sears is slowly going out of business.  They can’t figure out what you want if you sat up and begged them.  The snowblower story I posted yesterday turns out to be worse than I thought.  I went to the Sears Hometown Store in Indy today.  I got a new push mowerContinue reading “Sears: The Coffeyville Urinal of Retail.”

Hard to get help, small business edition.

I had to get gas earlier this week. When I went in to pay, I noticed a help wanted sign on the door. I remembered seeing the same sign up just before Thanksgiving because it was just after I went to get gas after work one day and the store was closed. It turned outContinue reading “Hard to get help, small business edition.”