@Almokla@BBCWorld You mean, fix the competition. He wanted to clean the country of competitors so his family had a monopoly. Please do your research and respect the thousands of innocent lives lost.
@nida_banou@visegrad24@MrJonnyDaniels She explained what she meant during the interview, that she loves Jews, Christians and Muslims alike. She is against what the Israeli government is doing, so she is protesting against the Israeli government.
@Cptncaveman110@psac_afpc PSAC rejected the govt's offer of 9% over 3 years. It accepted the govt's offer of 12% over 4 years. Average per year for both is 3%. The govt can claim that they just extended the original offer by 1 year.
The Costco hot dog combo is a legendary meme.
But how does it still only cost $1.50? Introduced in 1985, the price of that combo should be ~$4.20 if adjusted for inflation.
Thankfully, the $216B warehouse retailer has done everything in its power to keep the price down.
And Costco sells A LOT of them: 130m+ hot dogs a year (more than all MLB teams combined).
Many believe the $1.50 combo is a “loss-leader” for Costco, but this is incorrect.
In a 2009 interview, Costco co-founder and former CEO Jim Sinegal told the Seattle Times that Costco doesn’t “engage in loss leaders” and “the only time we sell below cost is when we’ve made a mistake and have to mark it down”.
However, the retailer does cap its margin at 14% and drives many products to near break-even.
Here’s how Costco has managed to keep the cost of the inconic hot dog combo at $1.50:
1️⃣It dropped leading hot dog suppliers like Hebrew National and Nathan’s because they wouldn’t lower prices
2️⃣In 2009, Costco built its own hot dog manufacturing plant in LA (and has a second one in Chicago)
3️⃣ It got better pricing on buns, ketchup and mustard
4️⃣ It removed onions and sauerkrauts as free condiments
5️⃣ It dropped Polish sausages
6️⃣ The pop that came with the combo was swapped from a can to refillable fountain soda
Costco’s effort to keep hot dog prices low is also the source material for the greatest quote in business history.
In 2018, the current Costco CEO Craig Jelinek was recounting a conversation he had with Sinegal, who he just replaced as CEO.
Jelinek told Sinegal he wanted to raise the price of the $1.50 hot dog and pop combo.
Sinegal shot back, “If you raise the [price of the] f**ing hot dog, I will kill you. Figure it out.”
Costco has figured it out and, in September 2022, the company’s CFO Richard Galanti confirmed that the hot dog combo would remain at $1.50 despite rising inflation.
“There are some businesses that are doing well with margin like gas business on a smaller way -- in the travel business,” said Galanti. “Those things help us be more aggressive in other areas, or as you mentioned, hold the price on the hot dog and the soda a little longer, forever.”
Forever sounds about right.
Switzerland's top prosecutor is looking into the rushed Credit Suisse/UBS deal. Areas of concern where laws may have been broken:
-Government officials offered taxpayer-funded guarantees to UBS
-Execs & gov't officials rushed to get a deal done without potentially considering the best interest of shareholders
-Holders of $17 billion in Credit Suisse Tier 1 bonds were wiped out
-11,000 Swiss employees will lose their jobs in the merger
You probably remember this picture of the baby who spent 128 hours under rubble after an earthquake in Turkey. It was reported that the baby's mom died.
Turns out, the mom is alive! She was treated in a different hospital. After 54 days apart and a DNA test, they are together again.
Source: https://t.co/q7OPE1oZ3r