Doug Lancy

Ok, so I'm here. Now what? :)

[Doug Lancy @dlancy]

@Bengals should trade for @JamesConner_ of he passes the physical. He could fix the early downs/short yardage run game and should be available from Arizona at a price Cincinnati would pay.

[Doug Lancy @dlancy]

You need to look at the ROI. Some degrees are worth the investment it takes to attend college, but most are not. To treat STEM as the same as a philosophy degree is foolish. I didn't get an MBA because I couldn't justify the cost compared to the return.

[Mark Cuban @mcuban]

How do you feel about people who say “college is over rated ?” In order to have more homegrown engineers, don’t we need more kids going to college ?

[Robert Sterling @RobertMSterling]

People need to stop overreacting about Kamala’s plan to reduce food inflation, as if it would lead to communism, mass starvation, and the end of America.

I worked in M&A in the food industry. Here’s a step-by-step summary of what would actually happen:

1. The government announces that grocery retailers aren’t allowed to raise prices.

2. Grocery stores, which operate on 1-2% net margins, can’t survive if their suppliers raise prices. So the government announces that food producers (Kraft Heinz, ConAgra, Tyson, Hormel, et. al.) also aren’t allowed to raise prices.

3. Not all grocery stores are created equal. Stores in lower-income areas make less money than those in higher-income areas, as the former disproportionately sell lower-margin prepackaged foods (“center of the store”) instead of higher-margin fresh products like meat (“perimeter of the store”). Because stores in lower-income areas aren’t able to cover overhead (remember, even if their wholesale costs are fixed, their labor, utilities, insurance, and other operating expenses aren’t fixed… yet), grocery chains start to shut them down. Food deserts in rural areas and in low-income urban areas alike become worse.

4. Meanwhile, margins for food producers are also quickly eroding. Their primary costs (ingredients, energy, and labor) aren’t fixed, and their shrinking gross profits leave less cash flow available to cover overhead, maintain facilities, and reinvest in additional production capacity.

5. Grocery chains, which have finite shelf space, start to repurpose their stores (those they didn’t have to shut down, I should say) to sell more non-price-controlled items—everything from nutrition supplements to kitchenware to apparel—and less price-controlled food products. Your local Kroger or Safeway starts to look and feel more like a Walmart.

6. Food producers stop making products with lower margins. Grocery chain start competing with each other to secure inventory. Since they can’t compete by offering stronger prices (remember, producers aren’t allowed to raise prices here, and, even if they could, grocery chains no longer have the gross profit to bear price increases), they compete on things like payment terms.

7. Small grocery chains start to shut down entirely, or get sold to larger chains like Kroger. In addition to not being able to cover fixed costs, a major reason for this is because they can no longer reliably secure delivery of products, due to producers prioritizing sales to larger customers, which are able to leverage their stronger balance sheets to offer superior payment terms.

8. Smaller food producers—which typically sell via distributors, rather than directly to grocery chains—start to go out of business. Because these producers have an additional step their value chains, and because they have lower volumes over which to spread their fixed costs, their cost structure is inherently disadvantaged compared to major food producers. When grocery stores aren’t able to raise prices, cutting product costs becomes all the more important, and deprioritizing purchases from smaller producers is an easy way to do so.

9. As supply chains break down, lines start to form outside grocery stores every morning. Cities assign police officers to patrol store parking lots, and food producers draft contingency plans to assign armed escorts to delivery trucks.

10. The federal government announces a program to issue block grants for states to purchase and operate shuttered grocery stores. The USDA also seizes closed-down production facilities.

11. The government announces that prices for all key food costs—corn, wheat, cattle, energy, etc.—are also now fixed, to stop “profiteers” from gouging the now-government-operated food industry.

12. Shockingly, the government struggles to operate one of the most complex industries on the planet. The entire food supply chain starts imploding.

13. Communism, mass starvation, and the end of America quickly ensue.

Hey wait a second

[Andrew Russell @Andrew_Russell7]

Deshaun Watson got the largest guaranteed contract in NFL history after 2 dozen sexual assault allegations but Harrison Butkers personal beliefs are what broke the camels back.

[Doug Lancy @dlancy]

@DebbieforFL To support Rick Scott https://t.co/6y1l26uuGn

[Lifetime Adoption @lifetimeadopt]

Doug & Karen are excited to adopt! "We are a spirit-filled couple who love life, enjoy the world & work to make it a better place for others. Family is a crucial part of our lives, and we welcome your child in with open arms." Learn more online! https://t.co/GKGGDehZNT #adoption

[Doug Lancy @dlancy]

@JoeBiden You do realize your President now and not in Congress, right? You don't create or send bills. I think you mean you'd sign it into law if passed. #civics

[Doug Lancy @dlancy]

@WLWT Louisville, not local.

[FOX19 NOW @FOX19]

The convention brochure's list of "Top 5 things to do in Cleveland" that weekend does not include the Browns home preseason game. https://t.co/wcI7fULHve

[Doug Lancy @dlancy]

@HillaryClinton Do you think she's taking about the second amendment and the right to keep and bear arms?

[Doug Lancy @dlancy]

Best weekend of football EVER! Every game exciting and down to the end! #NFLPlayoffs

[Doug Lancy @dlancy]

@crsrdschurch Oakleyfest was a great success!

[Doug Lancy @dlancy]

@crsrdschurch @ChuckMingo Great Preach off! MVP was definitely Alli! My wife and I agree she scored multiple TDs! A great message with huge impact!

[Doug Lancy @dlancy]

@FOX19 Not sure who won, but the American people lost.

[Doug Lancy @dlancy]

Wife and I went to the @ContainerStore. I get trying to protect people but the employee who was letting people in was very rude costing them 2 customers in line after us telling them they wouldn't get in with over 45 mins till closing. Others made it after us #badcustomerservice

[Doug Lancy @dlancy]

#dayton6th

[Doug Lancy @dlancy]

@Local12 I'm all for better public transportation... but all I can see here is monorail!

[The Ellen Show @TheEllenShow]

Yes, that was me at the Cowboys game with George W. Bush over the weekend. Here’s the whole story.

[Doug Lancy @dlancy]

Crazy sky tonight! #beautiful #sunset @ LA Fitness-Oakley/Hydepark https://t.co/T7IV2ueQMi

[Doug Lancy @dlancy]

One of the best things over Memorial weekend!

[ESPN @espn]

96-year-old World War II veteran Pete DuPré played the national anthem on a harmonica before the @USWNT match 🇺🇸