FAO Schwarz!
What in the world happened to FAO Schwarz? I had no idea they filed for bankruptcy in 2002, and then again in 2003. Then I read that not to long ago they were sold to Toys R Us Inc. I’m not sure how will Toys R Us will do with them, or if they even fit in with them. FAO Schwarz only has 2 locations, that I know of. One is their flagship store in NYC, and the other one is located in Las Vegas. They also run a catalog business, which up till today I thought they where doing very well. I guess their main customers, the rich folk aren’t buying their toys anymore. I once went to their store in NYC and saw race care their listed for over $25,000, a kids race car. Their toys are over priced, only the rich shopped there. Now with Toys R Us taken them over maybe we’ll see prices come down to where everyone will be able to afford that crap.
No More Hiding!
It seems that the rich people can no longer hide their money off shore. The a Swiss bank, UBS AG is planning on turning over the names of American people suspected of hiding money in their bank. UBS AG has made a deal with the IRS that will start the process of turning over American names. I read that the bank will first notify the people on the list of almost 4500. These people will have the choice to appeal to the Switzerland’s Federal Administrative Court to make sure laws are being followed. The IRS said that they will fight for the names and amounts that aren’t turned over to them. The IRS Commissioner Doug Shulman said that we’re looking to collect taxes with held in the account of almost $18 billion. I think this fight will go on for a long time. Plus it’s going to be hard to prove where the money was made. These are really rich people hiding money, so it’s going to be a fight with the IRS. If the money is owed to the U.S, then I’m all for it. But if it’s not I hope the U.S government leaves them alone.
A Few Need To Go!
A few in President Barack Obama’s cabinet need to be fired. He needs to start with everyone in charge of protecting us from terrorists. But I have yet to hear that one person was released from their job. What is Obama waiting for, is he waiting till the terrorists kill thousands of Americans again? Obama is making a huge mistake by leaving the people in charge in place. I’m starting to question if America made the right choice. You know, just a few months ago Obama was passing the blame of all of our problems on President Bush, I think he needs to start taking blame now. I also ask myself, has Obama made any changes to our great Nation, I don’t think so. The economy is still in the toilet, and jobs are still in a free fall. And now I read that his Treasury Secretary Timothy Geithner told AIG not to report were the bailout money is going, or were it went. This is the same man, Timothy Geithner, that got caught not paying taxes on some of his income. Remember, he came out and said sorry, then paid off his taxes. I said it a long time ago, he needs to go, he’s ask a company to hide information, a public company, he’s a robber. He was one of the main people that stepped in and pushed hard to bailout AIG, mostly because I think he had money tied up with them, or affiliates. I can’t confirm that, but that’s how I feel. Anyway, Obama is losing ground with the American people, he needs to fire a few in his cabinet. And Obama needs to remember that he works for us, the American people, and he better start doing his job if he wants it for a 2nd term.
