Published on: March 17, 2022
Got a number of reactions to yesterday's report that Howard Schultz is returning to Starbucks as interim (?) CEO, making him retailing's version of Tom Brady.
One MNB reader wrote:
As soon as I read the headline that Schultz was coming back, I told my wife that you predicted it would happen. Love the analogy to Tom Brady! Good for a morning chuckle!
From another reader:
I am a long time subscriber, but this is the first time I've ever gotten all the way through to hit send on a reply... have to admit, I actually looked over at my calendar to triple check that it wasn't April 1st when I saw the Howard Schultz headline. Seems like it should be April Fools Day fodder, not a real thing.
Maybe Howard and TB simply found playing pickleball wasn’t enough to occupy their time… LOL… Glad to have them both back doing what they do best… providing leadership!
And still another:
If I didn’t know better, I would say you were 15 days early for an April Fools Joke.
Said in jest…yes, you called it.
Even a blind squirrel finds a nut everyone in a while.
We reported yesterday that "high gas prices have led the Arkansas Department of Agriculture Bureau of Standards to allow retailers in the state to price and sell fuel in half-gallon increments. The change will be in effect until July 1, and experts speculate that the move could be adopted by other states."
One MNB reader wrote:
In regards to the State of Arkansas allowing the sale of half gallon units of gasoline, why don’t they just switch to metric? Pricing by the liter will just blow their minds.
Another MNB reader chimed in:
So if I understand this correctly, this would mean that instead of filling up my tank with 15 gallons I can fill it up with 30 half gallons??? Am I missing something here?
MNB reader Bob McGehee wrote:
In the 70’s I worked for a convenience store chain that also sold gas. When the oil embargo hit and gas went thru the roof the mechanical pumps weren’t able to go over $0.999 per gallon. The only solution available was to change from gallons to liters. It worked just fine but twice a day the stores had to go out and sweep up all the exploded heads from people trying to determine how much they were actually paying per gallon. The people in Arkansas only have to multiple by 2 so they won’t suffer the same fate.
You were all a lot faster on the uptake on this than I was.
Arkansas may be allowing pricing by the half-gallon, but people always have been able to only put a half gallon of gas into their cars … or 1.5 gallons … or 2.5 gallons … and so on.
I don't get it.
Yesterday MNB took note of a Washington Post report that "the Securities and Exchange Commission plans to require all publicly traded companies to disclose their greenhouse gas emissions and the climate risks their businesses face … Under a groundbreaking new rule the SEC is expected to propose Monday, hundreds of businesses would be required to measure and disclose greenhouse gas emissions in a standardized way for the first time, according to two people briefed on the agency’s discussions who spoke on the condition of anonymity to describe internal deliberations.
"The move could mark the most sweeping overhaul of corporate disclosure rules in more than a decade, and could put the United States on closer footing with other countries set to begin mandated emissions reporting over the next three years."
I'm a big apples-to-apples guy, and I believe in transparency. I think that public companies should be required to provide information like this so that potential investors can make informed decisions, and I think that it makes the most sense for there to be a consistent reporting structure.
MNB reader Scott Nelson responded:
I am generally opposed to more government regulations. The CEI (Competitive Enterprise Institute) came out with a report in 2020 that shows Federal Regulations Cost $1.9 Trillion per year. That is a cost that all of us pay as a pass through and more regulations are a barrier for competition. I would like to see a movement to reduce many regulations keeping only critical ones. I know difficult to say which ones are critical but there have to be many bad ones. One of many examples I found is the city of Philadelphia requires all bloggers to purchase a $300 business privilege license and went after a “poor woman” who had earned $11 from her blog over two years.
From another MNB reader:
Wouldn’t it be interesting if the same were required of government policy decisions?
First of all, I'll agree with pretty much any rule that requires transparency of government officials, especially elected politicians. Not nearly enough of that as far as I am concerned. I think every donation over $10 ought to be instantly made available for online scrutiny - with no such thing as dark money.
As for government regulations … I don't think that more regulation necessarily is better. But I do think that regulation that protects the rights of consumers/investors, whop deserve to know everything possible about the companies with which they do business, is a good thing. The Philly rule strikes me as absurd, but hardly a good enough reason to demonize all regulation.