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In reply to the discussion: It starts with a closing store. [View all]DENVERPOPS
(11,982 posts)42. The home sewing industry
began it's major demise in the late 70's, early 80's. I was in the "needle trades" at the time, and home sewing machines like Singer, Bernina, etc were flailing.............it seemed the crashing of the industry was caused by all the incredibly cheap off shore labor in the Garment industry........Making garments/clothes cheaper to buy from abroad, than to sew here in the U.S. or sew yourself........
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Excellent article. Thanks for posting. I gave a talk about this to me senior group. They
SharonAnn
Tuesday
#2
I love Hooters and nothing to do with the girls. I really like their wings, eat there about once a week. Expensive.
OverBurn
Tuesday
#3
Entrepreneurs grow companies. Vulture capitalists (private equity) suck them dry, which they have to do in private.
Bernardo de La Paz
Wednesday
#37
I was commenting on the general claim that included vulture private equity capitalists in "seeking profit"
Bernardo de La Paz
Wednesday
#45
What is the proposed solution for failing companies if they are prohibited from selling them?
MichMan
Wednesday
#41
I never knew they got public financing of the debt. I always thought it was banks taking the risk
MichMan
Wednesday
#47
I'm retired and old. I have a couple of pairs of shoes with easy slip on, from LL Bean and they've been worn by me for
CTyankee
Tuesday
#27
BlackRock, Vanguard, and State Street hold significant ownership stakes in many media companies.
sop
Tuesday
#17
Worse: hasn't Blackrock been involved in scooping up huge numbers of homes for sale, taking them off
wiggs
Tuesday
#19
Agree. Terrible, terrible trend. Most of the US will be renters eventually. Except the top 10%. nt
wiggs
Wednesday
#53
As a Professional Seamstress, I am saddened by the closing of JoAnn Fabrics.
ProudMNDemocrat
Wednesday
#31
Joann's has been in trouble for years, decades, even. Poor management, stores kept half-empty, employees of the devil...
mucholderthandirt
Wednesday
#32