Stock slide for K12 Inc.

by David Safier

Screen Shot 2012-11-20 at 7.39.03 AMThis chart of K12 Inc. stock prices since last Wednesday cannot be good news for the for-profit, publicly traded online school corporation.

The stock, LRN, was at almost 25 in early July, dipped to 17 by the end of the month, then went on a mild rollercoaster ride until last Friday when it ended just above 20. Monday it started at 19 and ended at 16. Compare all that to April, 2011, when it reached a high of 39.

Why the sudden drop?

Wells Fargo initiated a stock downgrade for K12 Inc. from Outperform to the neutral ranking of Market Perform Monday citing issues at Colorado Virtual Academy.

Take a Stand: Support the Walmart Black Friday Strike

Posted by AzBlueMeanie:

WalmartWalmart workers across the country are striking on "Black Friday." It's time to take a stand and support the workers who are standing up to live better through an unfair labor practice strike. (h/t Crooksandliars.com). support the Wal-Mart employees as they strike on Black Friday:

Walmart workers decided to strike on Black Friday after
they were targeted for retaliation for speaking out about substandard
work conditions and treatment last month in the first ever walk out in
the history of the company.

We ask you to help us feed the workers who will walk out on the company next week on the biggest shopping day of the year.

https://www.wepay.com/donations/walmart-strikers-food-fund

The workers are demanding the following from Walmart:

Improve Workers’ Lives
Pay a minimum of $25,000/year and guarantee quality, affordable
health coverage for all Walmart associates and workers in the company’s
US distribution chain.

Rebuild Communities
Sign on to a national community benefits agreement that ensures as
Walmart expands into new markets, it strengthens communities, protects
the environment and is responsible for the well-being of its employees
in its retail stores and US supply and distribution chain.

Put Its Promises in Writing
Agree to a global labor agreement guaranteeing the fundamental human
right of freedom of association for all of its associates and instruct
their suppliers to do the same, and recognize and negotiate with OUR Walmart.

Elevate Global Living Standards
Establish a legally binding global responsible contractor policy
requiring contractors and subcontractors to provide living wages, worker
safety protections, and respect basic human and labor rights, including
freedom of association and freedom from racial and gender
discrimination.

How can I support in other ways?

You can join solidarity actions throughout the United States. Find
out which solidarity actions are being organized and the store employees
that are participating by going to the Corporate Action Network event page.

Click here and support the Walmart Black Friday strikers today!

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You can tell Walmart to give their employees the basic respect they deserve by signing the declaration here. Or donate to help the striking workers here, and check here for solidarity actions planned in your area here.

Is there nothing sacred anymore? People should celebrate Thanksgiving Day with their families

Posted by AzBlueMeanie:

In my first career, I worked in retail management. There were two days of the year that inspired dread: the Friday after Thanksgiving (it was not yet dubbed "Black Friday" by the media at the time) when people bought a bunch of crap that nobody needs, and the day after Christmas when people returned all that crap that nobody needs or wanted. In a word, it is "insanity."

Christmas was once banned in in the colonies and later the United States. The Surprising Truth: Christians Once Banned Christmas:

It may seem like Christmas has always been celebrated in the United
States, but that's not the case. In fact, the joyous religious holiday
was actually banned in America for several decades – by Christians
themselves.

It may seem like Christmas has always been celebrated in the United States, but that's not the case. In fact, the joyous religious holiday was actually banned in America for several decades – by Christians themselves.

The original war on Christmas was waged during the sixteenth and seventeenth century by Puritans, or Protestant Christians who believed that people needed strict rules to be religious and that any kind of merrymaking was sinful.

"Shocking as it sounds, followers of Jesus Christ in both America and England helped pass laws making it illegal to observe Christmas, believing it was an insult to God to honor a day associated with ancient paganism," according to "Shocked by the Bible" (Thomas Nelson Inc, 2008). "Most Americans today are unaware that Christmas was banned in Boston from 1659 to 1681."

All Christmas activities, including dancing, seasonal plays, games, singing carols, cheerful celebration – and especially drinking – were banned by the Puritan-dominated Parliament of England in 1644, with the Puritans of New England following suit. Christmas was outlawed in Boston, and the Plymouth colony made celebrating Christmas a criminal offense, according to "Once Upon a Gospel" (Twenty-Third Publications, 2008).

Christmas trees and decorations were considered to be unholy pagan rituals, and the Puritans also banned traditional Christmas foods such as mince pies and pudding. Puritan laws required that stores and businesses remain open all day on Christmas, and town criers walked through the streets on Christmas Eve calling out "No Christmas, no Christmas!"

On Dec. 25, 1789, the first Christmas under the brand-new Constitution, the United States Congress was in session, with no day off for any holiday. In fact, the U.S. did not even make Christmas a federal holiday until 1870.

It was the rise of the industrial era and a new commercialism that turned the once-banned Christmas holiday into the commercial holiday and economic engine that it is today.

The Hostess / Bakers Standoff — Part 3

Posted by Bob Lord

The AzBlueMeanie and I both have posted on the Hostess bakery situation. I posted on the implications for organized labor, and us, here. The AzBlueMeanie focused on the role that private equity funds had in Hostess' failure here.

Well, it looks like the story is not entirely written. The judge has ordered Hostess and the Bakers union to Let's hope the Bakers union holds its ground. I'm not above gloating when I've called something correctly, but in this case I'm a bit sickened to have done so. In my prior post, after discussing the situations at Hostess and Walmart, I stated: