…He thought he could increase profits, too. After making a nice wad of cash from Kmart by selling off the valuable real estate sitting under dozens of stores, shutting down 600 stores and laying off tens of thousands of workers in the name of cost-cutting and thereby jacking up the stock price, he got bigger ideas. He would use Kmart to take over another ginormous retailer, Sears.
…A handy chart on Yahoo Finance show that buybacks reached a high  just about the time that Sears’ sales went into the toilet. Stock buybacks are really just an effort to manipulate stock prices, and they don’t help a company’s long-term health. They divert money away from the things that a company needs to have to succeed, like decent salaries for workers and investments in new products and services. Wonder why Apple is no longer making anything interesting? Why its retail workers get paid squat? Check out what they’ve been doing with stock buybacks.
Lampert’s buyback scheme has raked in a pile of money for him and his early investors, but it’s also flushing the company down the drain. Hoovering cash out of any firm, especially a retailer that needs appealing stores and strong advertising, will eventually crush sales.
And so it has. Sears has lost half its value in five years .
Lambert also worshiped the Austrian economist Friedrich von Hayek, who is still a saint, regardless of how often he is proved wrong, to people like former VP candidate Paul Ryan (R-WI). Hayek and his clones are pretty much in charge of the conservative-libertarian economic movement. In some ways they have turned the U.S. into Lambert’s version of Sears.
Roofs and Sky, 1939. By Louis Lozowick (American (born Ukraine), Ludvinovka 1892–1973 South Orange, New Jersey). This work was originally published by the Roosevelt era Works Progress Administration.
Ultrasound waves applied to particular parts of the brain have been found to be capable of altering a patient’s mood. The research, conducted by a team from the University of Arizona, may one day lead to the development of non-drug-based interventions for conditions such as depression.
The research hinged on the fact that ultrasound vibrates in megahertz at around 10 million vibrations per second — roughly the same rate that microtubules (protein structures in the brain linked to mood) resonate.
He placed an ultrasound transducer against his head for 15 seconds, but initially felt no effect. “And then about a minute later I started to feel like I’d had a martini.”
I’m not wild about feeling like I just drink a martini, that aside they might be on to something. They experimented with different frequencies and various time intervals, finding that a 30-second blast at 2 megahertz made patients feel happier and generally better for up to 40 minutes after the treatment.