by John Walters
Fields Of Gold
Joe Pompliano, who is one of the better Twitter follows out there (“For he’s a jolly good follow...”), asked his followers to submit their “most beautiful sports venues in the world” last week. The results are magical. That’s Henningsvaer Stadium in Norway above.
Hitzfield Stadium, Switzerland
Jock Itch? No, Jokic
Denver Nuggets center Nikola Jokic, who was selected 41st in 2014 while a Taco Bell commercial aired on ESPN, was named NBA Most Valuable Player (MVP) yesterday. Jokic, 6’11” and from Serbia, becomes the fifth foreign-born player this century to be named league MVP. A superb passer as well as owner of the softest shot in the NBA, Jokic averaged 26, 10 and 8 this season.
Personally, we had Steph Curry as our MVP, which means we must be xenophobic but not racist. Right?
In Ohio, a woman testifies in the state legislature that being vaccinated causes one to be magnetized, and that forks and car keys will this be stuck to your forehead. Why they wouldn’t be stuck to your fingers is a question apparently no one asked. Is there a scintilla of evidence of this? No. But if you’ve been paying attention, you know evidence no longer matters to the GOP.
Chipotle Off The Old Block
Chipotle, which had revenue of $6.1 billion in 2020 and a net profit o $355 million, announced today that it will be raising prices 4% to cover the cost of increasing labor costs. Never mind that the company’s share price is up 400% since 2018. The lesson here is clear: stock price is sacrosanct.
Obviously, Chipotle could easily cover the cost of the increase in labor costs (i.e. higher salaries) within its net profit output, but that would potentially damage the share price. And in this era of capitalism, nothing is allowed to harm the share price. So Chipotle passes that cost on to consumers as if to say, “Nothing we can do about it.”
Two days ago on CNBC Jim Cramer, who has made roughly $100 million in the stock market, was lamenting that he could not find a bartender at his Brooklyn-based Mexican restaurant, Bar San Miguel. Co-host David Faber pushed him on this, asking him if he’s willing to offer a better wage to a potential bartender. Said Cramer, “That’s negotiable.”
I can’t say it enough: the naked greed of the uber-wealthy is head-spinning. Cramer claims he was helping out at his restaurant last night because they’re understaffed. So a dude who could easily afford to double everyone’s wage and not miss a dime at a tiny hole-in-the-wall bistro (I’ve been there; it is tiny) would rather give up his nights to work there than to pay his employees more. I’ve worked at a number of restaurants and I’ve always thought the same thing: If I owned a restaurant, I’d have the smallest staff possible of the best employees possible and then I’d pay them way more than they could make anywhere else. Quality employees who are happy at a restaurant makes all the difference in service. I imagine it works this way at other companies, too.
But employers never practice this approach. They’re too addicted to profits. And yes, the idea of a business is to make money, but at what cost to the quality of the product?
…won with Brazil so he’s now back to .667 at 14-7 and above water at $1,120.
He’s taking the Islanders at home tonight versus the Bruins (we disapprove when Gerrit Cole and the Yankees at Minnesota are there for the plucking.
He’s got them at +115 so if he wins, $115, if he loses, $100 down.