Hard hitting global and local news
With supply arbitrage in mind, please consider Invasion of Spanish Builders Angers France Struggling to Compete . The earth movers digging out a sandy pit in the beach town of Biarritz could be any construction site in France
The Wall Street Journal reports On Black Friday, the Real Fight Was Online . Brick-and-mortar retailers mounted a furious defense on Black Friday to head off incursions into one of the industry’s biggest shopping days by such online rivals as Amazon.com Inc. The tactics were evident in stores and on websites as millions of holiday shoppers lined up to spend their dollars on highly touted deals
In response to my post France Vows to "Save the Bookstores", Fixes Price of Books, Bans Free Shipping by Amazon , reader David writes … Hello Mish, I enjoy your columns, and agree with most of your economic analyses, but I do have a question about this morning’s entry regarding France and bookstores: namely, what are people supposed to do for their livelihoods if nearly everything is going to be done by computer and robotics? This is the issue that Hollande, in his outdated, ham-fisted way–is getting at, and for the record, I don’t have the answer, either. The economy needs middle class consumers, but they in turn need money, which they can’t earn without quality jobs. In the past, technological development led to more businesses being created than destroyed. The same was true for quality jobs. I believe the experience of the last five years, however, has demonstrated that this linkage is impaired, if not completely broken
In yet another act of economic stupidity, France targets Amazon to protect bookshops . France’s parliament has passed a law preventing internet booksellers from offering free delivery to customers, in an attempt to protect the country’s struggling bookshops from the growing dominance of US online retailer Amazon.
Originally posted here: Personal Arrogance; Preserving Culture vs. Common Sense; Email From France
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