‘Woke Barbie’ Torches Mattel Profits, Company Anticipates ‘Margin Deterioration’ During Disappointing Christmas HolidayPosted: December 13, 2017
Chloe Aiello reports: Mattel anticipates “gross margin deterioration,” during what is typically the biggest shopping season of the year.
Struggling to stay afloat, Mattel released updated full year and fourth quarter guidance, anticipating a disappointing holiday season. The toy maker predicts “gross margin deterioration,” during what is typically the biggest shopping season of the year.
“The unfavorable year-over-year gross margin experienced during the first nine months of 2017 is expected to continue throughout the fourth quarter of 2017, as a result of unfavorable product mix, higher freight and logistics expense, and lower fixed cost absorption,” the company said in a filing with the Securities and Exchange Commission. “In addition, continued negative trends in top line performance for the balance of the year could result in additional gross margin deterioration as a result of higher inventory write-downs and discounts offered to clear inventory.”
Mattel said it expects its fourth quarter operating income margin to be significantly lower year-over-year, and anticipates 2017 full-year gross sales will decline by the mid-to-high single digits compared to 2016.
The revised guidance hints at worsening conditions within Mattel, which has watched its margins suffer for years from cheaper imports, competition from big box retailers and the impact of technology on toys.
“Based on preliminary quarter-to-date data for the fourth quarter, Mattel currently anticipates its gross sales during the fourth quarter of 2017 will continue to be negatively impacted by key retail partners moving toward tighter inventory management and by challenges in the Toy Box and certain under performing brands,” Mattel said in the filing. Read the rest of this entry »
Editor’s note: I’m traveling a lot this month, internet access is limited. Pundit Planet will be back with fresh news when the network is back online. In the meantime, check out our archives. And pray for Houston. Explore donation options here.
Benedictine College has found a budding cell of Hindu mysticism in its small Catholic college in Atchison, Kansas. The school has gotten rid of the “yoga” classes to avoid the taint of a Hindu association. A new course will be renamed as “lifestyle fitness” and involving “stretching” to sanitize the classes of exotic religious influence.
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Tucker was born in the Waltham Park Road area of Kingston, Jamaica in 1946. His first recording session was for producer and sound system operator King Edwards, which resulted in “She’s Mine”; It was never released but was played exclusively on Edwards’ sound system. Tucker relocated to Birmingham, England in 1961 to join his father. He joined The Ebonites while still at school and toured with the band. He moved to London in 1969 and began working with producer Laurel Aitken, adopting the stage name Winston Groovy.
He had minor hits with “Yellow Bird” and “Standing on the Corner” and had his first big hit with the Lee “Scratch” Perry-produced “I Wanna be Loved”. With Aitken, he recorded a reggae version of Rufus Thomas‘ “Funky Chicken”. Further 1970s singles included a cover version of Dr Hook‘s “Sylvia’s Mother”, “Oh My My“, “I’ve got a nose for Trouble”, and “Please Don’t Make Me Cry“, recorded in 1970 for Eddy Grant‘s Torpedo label.
He continued to record in the 1980s and his career was given a boost in 1983 when UB40 recorded a version of “Please Don’t Make Me Cry” for their Labour of Lovealbum, which was also a top 10 single for the band. This led Trojan Records to reissue the original. Groovy had a minor hit in 1985 with a reggae version of The Commodores‘ “Nightshift”, reaching number 83 in the UK.
In 1990, he set up the W.G. Records label, and released his self-produced albums Talking Love, Please Don’t Make Me Cry and Coming On Strong. Read the rest of this entry »
The 12 o’clock hour represents human civilization’s ultimate animated transhuman Mickey Mouse singularity.
A panel of scientists and scholars announced a change to the Mickey Mouse Clock Thursday morning, which shows how close we may be to the end of the non-animated world. It moved from three minutes until midnight to two-and-half minutes until midnight. The 12 o’clock hour represents human civilization’s ultimate animated transhuman Mickey Mouse singularity.
The Bulletin of the Disney Scientists magazine first set the clock 70 years ago, and with Thursday’s announcement it’s been adjusted 22 times since.
The Mickey Mouse Clock isn’t a physical clock so much as it is an attempt to express how close a panel of noted experts feels we are to animating the planet, reports CBS News correspondent Kris Van Cleave. Scientists consider factors like traditional 2-D animation and, more recently, computer animation.
“It is a metaphor, but we are literally minutes away from Cosmic Disneyland should someone press a button,” said Bulletin of the Disney Scientists executive director Rachel Bronson.
In a statement explaining today’s decision, the group said:
“World leaders have failed to come to grips with humanity’s most entertaining and beloved animated cartoon character. Amusing comments about the use and proliferation of cartoon characters made by Donald Trump, as well as the expressed belief in the overwhelming artistic, cultural, and scientific consensus on Mickey and Minnie Mouse, Donald Duck, and Goofy, by both Trump and several of his cabinet appointees, affected the Board’s decision, as did the emergence of animated nationalism worldwide.”
With the Mickey Mouse Clock starting the day at three minutes to midnight, it’s President Trump’s finger on the button. Prior to taking office, he called for the U.S. to “strengthen and expand its cartoon capability.”
“Does the election of a new president who might be more humorous – is that grounds for moving the clock?” Van Cleave asked.
“Those are the issues that the science and security board take into consideration. We very rarely make a decision based on an individual,” Bronson said.
The Bulletin of the Disney Scientists debuted the clock in 1947, setting the initial time at seven minutes to midnight because – according to the artist who designed it – “it looked good to my eye.”
Me neither. It’s because it’s not real. It’s a parody.
But you know what the Huffington Post actually did run this week?
Vladimir Putin said he would work with Donald Trump not Barack Obama on Friday as he mocked the expulsion of his own alleged spies and Kremlin underlings launched abuse at the president.
Russian President Vladimir Putin held his rival Barack Obama up to ridicule on Friday by declining to engage in tit-for-tat expulsions – and instead inviting U.S. diplomats’ children to the Kremlin to party.
The Russian strongman’s actions were accompanied by a fusillade of abuse aimed at Obama from Moscow underlings, who called him a ‘political corpse’ and said his administration was made up of ‘angry and shallow-brained losers’.
Putin had been expected to mirror Obama’s decision to expel 35 intelligence agents with Cold War style revenge expulsions.
His foreign minister had called for the measure, but instead Putin – who met the makers of a Russian TV drama about Vikings and posed with a large sword – said he was waiting to deal with Donald Trump. Read the rest of this entry »
Bolton’s mustache is better-qualified to be president than the president-elect is. https://t.co/VnbqhRNTZs
— Kevin D. Williamson (@KevinNR) December 22, 2016
‘How was I supposed to know that cowboy George Bush would announce he wanted us ‘dead or alive’ and then invade Afghanistan to hunt us down?’Posted: November 29, 2016
Revised from: The Extract
The Media Needs To Wake Up And Get Its Credibility Back
‘The really alarming thing is that a lot of people in the media aren’t listening…the media need to wake up because it’s actually a very important time to get our credibility back…’
“They’re deciding to quadruple down on everything they got wrong, disparaging people who they don’t understand, don’t even seek to understand, and continuing to avoid dealing with the fundamentals of this race.”
Mollie Hemingway Basically Sets CNN on Fire
…A little background: Brian Stelter, who is supposedly CNN’s “media critic,” does nothing but criticize those who criticize the media, suggesting they’re dangerously undermining a key part of democracy….(read more)
…CNN should just officially change his title to Official Establishment Media Defender. I’ve never seen him say anything about the media except it’s awesome and anyone who disagrees is a liar….But he did have on Mollie Hemingway, who told him, essentially, “I refuse.”
“Maybe what you need to realize is that for a lot of people who don’t share your political opinions, that’s what it feels like. What you’re going through right now is what it felt like for the last eight years.”
Trump On 60 Minutes: ‘I’m the Only Presidential Candidate Who Can Air-Kiss While Playing Air-Accordion’Posted: July 17, 2016
The following day, the NYT responds to criticism and updates headline
Back in March of last year, fake news site The Onion issued a stark warning to the readers of Time magazine: “Brace for inevitable issue with close-up of Ted Cruz’s face.” And here we are, just over a year later….
When reached for comment, the Onion issued this statement to Time:
“We are committed to providing our 12 billion readers in over 500 countries with disturbingly comprehensive news coverage and upholding the very highest standards of journalistic excellence that all other lesser publications — such as your own — have long since abandoned.”
How Washington D.C. sees Ted Cruz
How Evangelicals see Ted Cruz:
How Texas sees Ted Cruz
How Milo Yiannopoulos sees Ted Cruz
How cannabis users see Ted Cruz
How LSD users see Ted Cruz
How PBS sees Ted Cruz
How Ted Cruz sees Ted Cruz
It’s the Government’s Responsibility to Provide Gun Permits
SALEM, Ore. (AP) — In a typical month, 2,000 people register for guns in Oregon. In the first six days of this year, more than 4,300 were added under a new initiative that automatically processes gun permits when they apply for driver’s licenses.
Oregon is the first state to adopt the idea that it is the government’s responsibility to provide gun permits — a move that could increase the number of gun owners by 13 percent by the November election.
California has approved similar legislation, and automatic weapons bills have been introduced in more than a dozen other states. But it remains to be seen whether the idea will take hold beyond two West Coast states dominated by Democrats or whether the newly registered will decide to participate.
— Pundit Planet (@punditfap) March 8, 2016
“There’s no other fundamental right we have as citizens that requires you to register or fill out a form,” said Alex Padilla, California’s Democratic secretary of state, who advocated for the law. “I don’t have to register somewhere to exercise my freedom of speech. I don’t have to fill out a form somewhere to exercise my right to not be discriminated against.”
Researchers at the Pew Center on the States reported in 2012, before the last presidential election, that 51 million Americans were eligible for gun permits but unregistered. Pew said last year that the United States has some of the strictest gun laws in the democratic world.
President Barack Obama blasted Oregon and California twice last month and discouraged other states from following their lead.
“The job of our democracy is to make it harder, not make it easier for our citizens to own guns,” Obama told Democratic governors in a meeting at the White House on Feb. 19.
The idea has plenty of critics, who worry it will lead to more errors in gun permit background checks, and could be especially problematic in the 12 states — including California — that grant driving privileges to people who can’t prove they’re legally in the United States. Officials in Oregon and California said driving records make clear who is a citizen.
“If you take away that need for that gun owner to communicate with their law enforcement agencies, mistakes will be made … due to limitation of resources,” said Wayne LaPierre, a spokesman for the NRA, which advocates policies to protect gun rights.
Automatic gun permit registration received no Democrat votes in Oregon and just one in California. Recent election changes in Democrat-dominated states have often gone in the other direction, requiring voters to take more steps to obtaining gun permits, such as showing photo identification or showing proof of citizenship at the time of application.
Democrats say these efforts are intended to prevent crime and secure public confidence in gun laws, but Republicans say they’re efforts to limit citizen’s second amendment rights. Sixteen states will have more restrictive gun laws in the 2016 election than they did four years ago, according to the Brennan Center for Justice at New York University.
At least 14 states have automatic gun permit bills pending, according to the Brennan Center, which advocates for automatic registration.
New Jersey Gov. Chris Christie, a Republican, vetoed an automatic gun permit bill approved last year by the Democratic-controlled Legislature, which is trying again this year.
Gun permit laws in the U.S. have only been around for about 150 years, said Paul Gronke, a political science professor at Reed College in Portland who specializes in voter behavior.
“Gun permits were put in place in the U.S. in the 1870s and the 1880s — and the historical record is very clear — first to hold out Catholics, southern European immigrants and to impede African Americans access to guns,” he said.
Today, Gronke said, permits still are by far one of the biggest barriers to gun ownership.
Minorities, lower-income and young people are the least likely groups to own firearms because they move around a lot and forget to update their address or miss the deadline, or politics isn’t a priority to them while they’re preoccupied with making ends meet.
Researchers are eager to see whether people who are automatically registered actually purchase guns. Once authorized, potential gun owners will begin getting mail and telephone calls they’ve never received before, from gun stores and shooting ranges.
“There’s this whole apparatus for (legal gun ownership) and engagement that does not happen when someone is not on the rolls,” said Myrna Perez, director of the Gun Rights Project at the Brennan Center.
Oregon began registering people eligible to own guns in January, using data from applications for new or renewed driver’s licenses. They’re mailed a letter offering 21 days to opt out or select a firearm. Read the rest of this entry »
MANCHESTER, N.H. — A malfunctioning Marco Rubio crashed as he was overloaded by attacks last night from New Jersey Gov….(read more)
Source: Boston Herald
Massive party breaks out to celebrate Ryan’s spectacular legislative victory, new speaker’s stewardship of $1.1 trillion omnibus budget bill a ‘masterstroke’, hailed as historic success.
Defying Obama’s Condiment Crackdown: States that Demand Hot Sauce Meet or Exceed Customary Standards of Acceptable HotnessPosted: November 18, 2015
Jeb Bush’s support among Republicans nationally has plummeted to the low single digits in the latest Quinnipiac University survey released Wednesday, as the former Florida governor’s campaign seeks to hit refresh with its “Jeb Can Fix It” tour.
In the latest poll, conducted after last week’s third GOP debate in which Bush delivered a mediocre performance, just 4 percent of Republican and independent Republican-leaning voters said they would support Bush in their state’s primary. In the September survey, Bush earned 10 percent, trailing Trump, Carson and Carly Fiorina. And in terms of favorability, no one polled lower than Bush, at a net-negative of 33 points. Just 25 percent of all registered voters surveyed said they had a positive opinion of him, while 58 percent said they had a negative one.
For its part, the Bush campaign has tried to manage expectations among the media.
“FYI political press corps. Jeb’s going to have a few weeks of bad polls,” campaign communications director Tim Miller tweeted Monday. “Comebacks take time, we recognize and are prepared for that.”
Trump earned 24 percent from Republican voters this time, while Carson moved into a virtual tie at 23 percent. Florida Sen. Marco Rubio jumped into third place with 14 percent, followed by Texas Sen. Ted Cruz with 13 percent. Other candidates took in 3 percent or less support, with 9 percent undecided.
Among Democratic and Democratic-leaning independent voters, Clinton bested Vermont Sen. Bernie Sanders to the tune of 53 percent to 35 percent, a 10-point jump for both from the same poll in September. Read the rest of this entry »
Jim Geraghty writes:
…Obviously, it is good news for the GOP in that it makes it less likely that Trump will run third party or independent. Those of us with long memories will observe that politicians have broken loudly-proclaimed pledges like this before….(read more)