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" ... Another hit for retail has been liquidation sales at physical locations. Modell’s, the Northeast sporting goods chain that filed for bankruptcy and was in process to liquidate, has had to put that on hold because of all the store closings. Turns out liquidating stock isn’t very easy online. Same thing for Pier 1, which had announced it was shutting down half its 900 or so locations and conducting close-out sales at those locations. They too are closed, the fate of their inventory held in abeyance waiting for things to calm down. ... "
" ... Because of the urgent tone of such requests — even if they are for features that ultimately need to be included — they get executed without long-term and complete work. The development team is diverted from building a thousand-year cathedral to cook a fast-order omelet. Yes, the immediate demand gets fulfilled, but the overall mission is in ongoing abeyance. Everyone on the development team works longer and harder for less satisfaction and acknowledgment. ... "
" ... In the midst of Toys R Us' decline in market share, the company was purchased by private equity investors. No doubt the investors made the wrong judgment that they could reverse Toys R Us’ market share decline. If Toys R Us had a great future when it went bankrupt, it could have emerged with a new owner and new capital to continue. The debt would have been wiped out by the bankruptcy and it could have started all over again. So you have to ask, why didn’t that happen? After the private equity investors failed, why didn’t an investor scoop it up once the debt had been put in abeyance by bankruptcy? Why didn't the debtholders themselves take it over and build it with additional investment, why did Toys R Us have to liquidate? What’s even more curious is that all the other examples of private equity-owned retailers in the report who went bankrupt have likewise vanished. If Toys R Us, Payless Shoe and RadioShack were such great businesses, destroyed only by the greed and avarice of private equity, why did they disappear instead of being scooped up by other investors who could have made them into unleveraged, great businesses? ... "
" ... That has yet to happen, and so the latest bill holds funding for the next RoC in abeyance until it does. The 76 signatories on the letter taking issue with this RoC blockage wrote ... "
" ... the peculiar paradox of the democratic age is evinced by the growing cry for universal human rights at the very moment that particular associations between neighbors fall into abeyance. Put another way: the only community that is difficult to dismantle in the democratic age is the abstract, universal community; local communities more readily give way. ... "