The Daily Parker

Politics, Weather, Photography, and the Dog

WaPo on the imminent demise of Sears

Washington Post retail reporter Sarah Halzack reviews the history of Sears and how it's done the last few years:

Decades of missed opportunities have brought Sears to this. It lost its focus with ventures into Discover credit cards and Coldwell Banker real estate in an attempt to diversify. Then big boxes such as Home Depot and Best Buy chipped away at lucrative product niches. But maybe the biggest whiff: Executives knew as far back as the early 1990s that they had to wean Sears off its dependency on shopping malls — but its many forays into other store formats never quite worked.

As e-commerce moves toward its golden age, Sears is an also-ran.

In this war of attrition, chief executive Edward S. Lampert has said, “We’re fighting like hell.” Lampert, a controversial hedge fund billionaire, has invested heavily in bolstering Sears’s Internet business but has let the retail stores languish. He’s now propping up the company with loans and other feats of financial engineering — moves that may soften his landing if the chain fails.

Halzack summarizes Sears' history well enough but has a lot more sympathy towards Lampert than I do. She acknowledges that Lampert has structured the company so that his own exit will be lucrative, but she says nothing about his management practices and personal outlook that suggest this was his plan all along.

It was 50 years ago today

The Beatles' album Sgt. Pepper's Lonely Hearts Club Band came to America on 1 June 1967, and changed the world.

As one might imagine, most news organizations have articles about it:

As for me, I received a copy of the LP as a gift probably in 1981, and bought a copy of the CD on 3 November 1988 for $12 (about $25 today). It remains one of my favorite musical compositions—and yes, I'm comparing it to Mozart's Großemesse and Orff's Carminia Burana. And I'm going to listen to it again today.

A cautionary tale

The New York Times yesterday published a chilling description of how Venezuela's democracy sputtered and died:

Venezuela, by the numbers, resembles a country hit by civil war.

Its economy, once Latin America’s richest, is estimated to have shrunk by 10 percent in 2016, more than Syria’s. Its inflation that year has been estimated as high as 720 percent, nearly double that of second-ranked South Sudan, rendering its currency nearly worthless.

In a country with the world’s largest proven oil reserves, food has grown so scarce that three in four citizens reported involuntary weight loss, averaging 19 pounds in a year.

Venezuela’s crisis came through a series of steps whose progression is clear in retrospect, and some of which initially proved popular.

The entire article is worth reading. Not that it could happen here, right? No, of course not.

Things that I can't read until I have a few drinks

Just, I dunno, man.

Sleep is overrated.

How will it end?

The New Yorker's Evan Osnos explores how President Trump might leave office before the end of his term, and how likely that is:

Trump’s approval rating is forty per cent—the lowest of any newly elected President since Gallup started measuring it. Even before Trump entered the White House, the F.B.I. and four congressional committees were investigating potential collusion between his associates and the Russian government. Since then, Trump’s daughter Ivanka and her husband, Jared Kushner, have become senior White House officials, prompting intense criticism over potential conflicts of interest involving their private businesses. Between October and March, the U.S. Office of Government Ethics received more than thirty-nine thousand public inquiries and complaints, an increase of five thousand per cent over the same period at the start of the Obama Administration. Nobody occupies the White House without criticism, but Trump is besieged by doubts of a different order, centering on the overt, specific, and, at times, bipartisan discussion of whether he will be engulfed by any one of myriad problems before he has completed even one term in office—and, if he is, how he might be removed.

Trump’s critics are actively exploring the path to impeachment or the invocation of the Twenty-fifth Amendment, which allows for the replacement of a President who is judged to be mentally unfit. During the past few months, I interviewed several dozen people about the prospects of cutting short Trump’s Presidency. I spoke to his friends and advisers; to lawmakers and attorneys who have conducted impeachments; to physicians and historians; and to current members of the Senate, the House, and the intelligence services. By any normal accounting, the chance of a Presidency ending ahead of schedule is remote. In two hundred and twenty-eight years, only one President has resigned; two have been impeached, though neither was ultimately removed from office; eight have died. But nothing about Trump is normal. Although some of my sources maintained that laws and politics protect the President to a degree that his critics underestimate, others argued that he has already set in motion a process of his undoing. All agree that Trump is unlike his predecessors in ways that intensify his political, legal, and personal risks.

Osnos does a good job of lining up those risks, how they might manifest, and how Trump's large and growing opposition might use them. It's worth the time.

Also worth noting in the same issue, David Remnick comments on Trump's first 100 days.

Is he feeling all right?

The president gave a series of interviews yesterday that have people across the political spectrum perplexed, to say the least. Josh Marshall says they "generally seemed to be the work of a man simply tossing off ideas, rambling or simply drifting in and out of consciousness" and wonders if Trump "was experiencing some sort of collapse of cognition."

Politico has more:

President Donald Trump questioned why the Civil War— which erupted 150 years ago over slavery — needed to happen. He said he would be "honored" to meet with Kim Jong-Un, the violent North Korean dictator who is developing nuclear missiles and oppresses his people, under the "right circumstances."

The president floated, and backed away from, a tax on gasoline. Trump said he was "looking at" breaking up the big banks, sending the stock market sliding. He seemed to praise Philippines strongman President Rodrigo Duterte for his high approval ratings. He promised changes to the Republican health care bill, though he has seemed unsure what was in the legislation, even as his advisers whipped votes for it.

And Monday still had nine hours to go.

Trump's comments questioning the need for the Civil War, aired Monday afternoon, seemed to disregard history and downplay slavery, several historians said.

"White supremacists, lost causers, states-rights activists could latch onto this,” said David Blight, a Civil War historian at Yale University. “I don’t know if Trump even knows he’s doing it. You can be too ignorant to know you’re ignorant.”

Chicago Tribune writer Dahleen Glanton points out the obvious:

Trump likely was suggesting that he and his role model, President Andrew Jackson — a man who celebrated white supremacy and subjugating Native Americans — could have done a better job than Abraham Lincoln staving off the war through negotiations. That is unlikely, considering how Trump has further divided Americans during the short time he has been in office.

In the Civil War, one side had to step aside before America could move forward. There was no room for compromise. The ideals of the two sides were so mismatched, their views of right and wrong too diabolically opposed and their visions for America too different. Doesn't that sound familiar?

And over at the Washington Post, Jennifer Rubin wonders, "When is it okay to say the president might be nuts?"

I think it's OK, Jennifer. Because if he's not nuts, then he's doing this on purpose. Which is worse?

Documentary to see

Matt Tyranauer directs Citizen Jane: Battle for the City, a documentary about my hero Jane Jacobs.

From CityLab:

Jane Jacobs moved to Toronto in 1968 after being arrested during her ultimately successful battle against Robert Moses and his plans for a Lower Manhattan Expressway. In her new city, where she stayed until her death in 2006, Jacobs fought off yet another planned expressway, consulted on occasional development projects, spoke out against amalgamation, and continued to write books.

But in 2017, the story of how she helped defeat the world’s most infamous urban planning villain still generates inspiration from old and new audiences in New York and afar. A new film by Matt Tyrnauer, Citizen Jane: Battle For The City, packages that story around the damage felt across so many American cities in the 20th century through urban renewal. But it also reminds viewers that today’s urbanizing world has no lack of bad ideas worth fighting against right now.

Citizen Jane doesn’t necessarily shed new light on the main characters or the plot, but it does serve as a concise and approachable lens into what Jacobs stood for. It also shows just how she was able to hand Moses a rare loss in a career that allowed him to easily bulldoze—literally and figuratively—through the five boroughs.

Tyrnauer’s documentary is popping up in select theaters across the country this spring.

It's on my list. But unfortunately not scheduled to open in Chicago this spring.