Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Thursday, September 8, 2011

Economic patriotism



Outsourcing America

is not very helpful

in solving problem

Corporations can create jobs, but often choose a different path... or country

It was July 4th weekend, and my landline phone and internet service were out cold, resulting in a cell phone call to Comcast for help.

My call was answered – by a guy in Costa Rica.

That he was unable to resolve or walk us through the steps needed to fix the problem was annoying.

But the more I thought about it, the more disgusted I became... with Corporate America.

On a weekend for celebrating patriotism, my call to Corporate America for help was answered in Costa Rica.

Predictable? Sure. That’s the way, ah-ha, they like it. Why pay workers in the USA when it’s cheaper to pay them in Costa Rica. Or India. Or the Philippines.

It’s a lust to maximize corporate profit, even at the cost of damaging the American economy.

I’m talking to you, Comcast – a company with pockets so deep, you bought NBC Universal (once upon a time the National Broadcasting Corporation) for a mere $13.8 billion, and can’t afford to pay Americans to answer the phone on a holiday weekend.

I’m sure it’s just a few jobs... at Comcast, and whatever other favorite American company you want to name. They all do it – farm out jobs. Outsource. Save money. It adds up, company by company. It’s so ubiquitous that we laugh at it, thanks to a TV show called Outsourced. It’s all about the fun and frolic at an American company’s office of outsourced phone-answerers in India. And it’s on, can you guess the network? (Insert chimes tones... dong, DONG, dong...) NBC.

I’ll concede that Comcast fuels plenty of jobs across America. In fact, my second attempt to get help the next day was answered by a man in Texas, and finally a very smart and efficient young woman came to my house that Wednesday and fixed the problem. Whatever caused my Comcast shutdown (the guy in Texas thought it had been a mistaken discontinuation of service by the company), getting the modem back up required a specific sequence of unplug and replug actions that had not been precisely given by either help desk.

It took four days to get a human being to come from Comcast and fix the phone and internet shutdown.

It’s taking Corporate America a lot longer to address a far larger problem: The gradual economic meltdown and its toll of growing unemployment.

Politicians piss and moan and do nothing about who is responsible. Republicans continually slap Obama for failed economic policies. Obama slaps back, saying Congress won’t pass his proposed actions.

“Spend, spend, spend, tax, tax, tax – that’s all the Democrats want,” the GOP insists.

Democrats concede on trimming some spending but insist on a solution that also raises taxes on the rich, the segment of America that has benefited from levies far lower than existed since the 1960s and widened the nation’s economic gap between the haves and the truly poor.

It’s a scandal, say some Republicans pointing out Census data, that all those poor folks have refrigerators and cell phones. You want to tax the rich to help them? They balk at giving an inch on tax increases, even sign a pledge to reject any tax increase.

Meanwhile, sitting on the sidelines is Corporate America. Big companies are getting bigger (while eliminating jobs), and banks bailed out by economically struggling government are getting bigger (and holding onto their/our money).

It seems like a crazy death spiral. Somewhere, there’s a tipping point, where Unemployed America can no longer afford the products of Corporate America, and they all crash together in an economic disaster of our collective making.

Who needs to step up? Everybody.

It’s time for a little patriotism:

American companies, come on down – phase out the jobs you created beyond the nation’s borders to cut back on employment within. It seemed smart when you did it. It seems unpatriotic now.

Democrats, come on down. There is unnecessary spending out there, no doubt. Find it. But don’t necessarily eliminate all of it. Redirect it to economic solutions.

Republicans, come on down. The rich need to give back. There’s no point to vast wealth when the great nation that makes it possible goes asunder.

Tea Party? I hate to say this, but so many of your issues distract from a solution – you need to shut up. Or maybe Middle America will wake up and see what you’re doing to it, folks closer to the financial abyss than they realize who will never see a tax increase for the rich but surely suffer the consequences of becoming poor.

We need to reward economic patriotism, and punish the alternative. We need to see folks in the halls of government point fingers at companies that gave away American jobs and fail to reverse course and bring them home.

Label them unpatriotic. For the most egregious, label them traitors.

And for companies that publicly reveal every job sent abroad, and publicly take steps to bring those jobs back: they get the tax breaks. So do the companies that invest in America and its job market.

Eventually, perhaps, we’ll all reach the other side, go shopping and buy something that wasn’t made in China.

I’d love to read about economic patriotism in my local newspaper, The Baltimore Sun, but often it arrives soaking wet or not at all. I call to complain, and reach a customer satisfaction desk in the Philippines.

Have a favorite corporate outsourcing tale, or one about a company that brought jobs back? Post it here, and share this blog with your friends.

Thursday, April 2, 2009

Saving the planet

Robert Howell, on visit last year to Maryland, gazes at Chesapeake Bay. (Photo by Bonnie Schupp)

Quaker group's new book
aims at keeping Earth
from tipping point

I had a telephone chat early today with my New Zealand friend Robert Howell, who reports that the book he labored on for several years with a group of fellow Quakers from around the world on the little matter of saving our planet has at last been published.

Aside from the common bond of being Quakers, the folks who wrote and edited the book are experts in diverse areas – Robert, for example, having been an organisational and strategy consultant, teacher and city manager in New Zealand. He also founded and is CEO of a little group there called the Council for Socially Responsible Investment.

We first met Robert more than 25 years ago, when he was enrolled in a program at Johns Hopkins University and spent a weekend in our home through our shared membership in the global peace organization Servas.

Robert, who holds a master’s in philosophy and doctorate in health planning and management, describes himself in brief these days as an ecological philosopher and strategist. He noted in our half-hour catch-up telephone discussion that the news media there has been reporting on New Zealand’s influx of eco-migrants – people moving to his incredibly distant nation because it will be least affected by the coming environmental disasters. (How distant? 11 p.m. Wednesday in Maryland is 4 p.m. Thursday in Auckland.)
Robert also noted, sadly, that New Zealand changed administrations last year, electing a conservative-Republican type prime minister who is moving the country in the wrong direction on environmental issues just as the United States seems to have reversed course politically and morally in a better direction with the election of Barack Obama. (“A breath of fresh air,” Robert says of the new American president.)

I well remember on the visits Bonnie and I made to New Zealand and Australia in 2006 how just about everyone we met disliked George W. Bush. (Disliked is really too soft a word.) Alas, the global economic meltdown precipitated to a large degree by the Bush administration has cut even into the socially responsible investments as far away as Robert’s homeland, he says.

The book is “Right Relationship: Building a Whole Earth Economy,” by Peter G. Brown and Geoffrey Garver, from Berrett-Koehler Publishers. You can have a peek at http://www.bkconnection.com/static/Right_Relationship_EXCERPT.pdf.

On a visit to North America last year, Robert made time for a stop at our home in Pasadena and participated in Bonnie’s then-growing project on self-definition and related photographic portraits that will have its debut Sunday at the Annapolis Unitarian Universalist Church. Robert talked with us then about his group’s book and its underlying thesis that Earth could reach its tipping-point in sustainability over the next few decades if major steps are not taken to change the global economy.
"From 2030 onwards the effects of a 2 degree plus warming to the planet will begin to have very significant effects," Robert said Thursday.
Bonnie took Robert’s picture (above) as he gazed out at the Chesapeake Bay from an overlook at nearby Downs Park. It was an appropriate spot, given the bay’s worsening environmental woes.

If you know anyone of influence on the economy and environment, please forward a link to the group’s book. We might not all be here in 2030 (Robert and I would be about 84 years old then), but surely our children and succeeding generations will be dealing with the dire consequences if change does not come.

Here’s a description of the book from the publisher’s Web site:

Our current economic system—which assumes endless growth and limitless potential wealth—flies in the face of the fact that the earth’s resources are finite. The result is increasing destruction of the natural world and growing, sometimes lethal, tension between rich and poor, global north and south. Trying to fix problems piecemeal is not the solution. We need a comprehensive new vision of an economy that can serve people and all of life’s commonwealth. Peter G. Brown and Geoffrey Garver use the core Quaker principle of “right relationship”—interacting in a way that is respectful to all and that aids the common good—as the foundation for a new economic model. Right Relationship poses five basic questions: What is an economy for? How does it work? How big is too big? What’s fair? And how can it best be governed?
Brown and Garver expose the antiquated, shortsighted, and downright dangerous assumptions that underlie our current answers to these questions, as well as the shortcomings of many current reform efforts. They propose new answers that combine an acute awareness of ecological limits with a fundamental focus on fairness and a concern with the spiritual, as well as material, well-being of the human race. Brown and Garver describe new forms of global governance that will be needed to get and keep the economy in right relationship. Individual citizens can and must play a part in bringing this relationship with life and the world into being.

Bonnie’s big project

For two years, my wife Bonnie Schupp has been engaged in a photographic project called “Defining Ourselves,” in which participants were asked to do just that – in a single sentence beginning with the words “I am….”

Try it. Not easy to do it well. But close to a hundred diverse people, ages 4 to 100 and representing a dozen countries, gave it a whirl, and Bonnie went to great lengths to take photographic portraits inspired by their answers.

The result will have its first exhibition debut at noon on Sunday at the Unitarian Universalist Church of Annapolis, 333 Dubois Road, and Bonnie will give a brief talk on the project which will remain on display in the church gallery through much of April. (Suggestions for future venues are welcome.) A little more detail can be found at Bonnie's blog at http://bjschupp.blogspot.com/.

Today’s fortune cookie message

The brain is not a vessel to fill but a fire to ignite.



Monday, March 23, 2009

Bonuses? Audit the bastards

Corporate America, tax system
need new measures of fairness


You have to wonder about all those banker bonuses – or corporate bonuses in general – when folks are getting a million bucks or more on top of salaries already bordering on the ludicrous.

After all, the President gets a mere $400,000. But even if you add on the benefits, and his own plane and helicopter, and about $150,000 for various expenses, a fat lifetime pension, book and speaking deals, the dough being spread around corporate America is obscene in comparison.

But with all the shouting about AIG, the pendulum of pay seems to have reached its limit and now will swing back – at least a little bit – lest greed give capitalism a bad name. Wouldn’t want the word “capitalism” competing with “socialism” for worst national operating system. (Speaking of which, I hope the folks at Microsoft who jammed Vista down PC buyers’ throats were the first to see layoff notices there… along with the folks whose Windows updates screw up all manner of other software.)

While the bonuses have been generating so much anger, cooler heads in Washington have been pointing out that they represent a tiny fraction of the government bailout money in which AIG is awash. Let it not distract from the wider concerns of taking steps to avoid a total economic meltdown.

I think you can do both – be angry about the obscene compensation paid to all those greedy bastards, and work on the wider challenge of building a ladder to climb out of the incredibly deep fiscal hole.

I have no idea how to build that ladder, not a clue.

But I have an idea about executive compensation, at least for companies that are publicly traded. It’s called fairness.

My definition of fairness: A top executive’s salary cannot exceed that of the company’s lowest-paid full-time employee by more than a hundredfold. Janitors get $20,000? The CEO can make $2 million.

Bonuses? Scale them companywide starting at a 20 percent minimum differential, based on percentage of annual salary. If the CEO gets 50 percent over salary (in the case above, that would be $1 million), the janitor gets at least 10 percent over salary ($2,000). If there’s no bonus paid companywide, why should executives get one?

I recognize that a million-dollar bonus sounds like a lot. But we’re limiting salaries, after all, based on the lowest-paid worker – and rewarding everyone in the company a share of the pie.

That’s at least a start.

Stock options, pensions, health benefits, life insurance all need a level playing field. The million-dollar executive needs health insurance far less than the $20,000-a-year janitor, but you know who has the Lexus in health care and who gets the beat-up Chevy – if at all.

Private companies will, of course, do whatever they want. That’s a shame. But at least imposing a measure of fairness on those that are ostensibly publicly owned would be a start toward taking the greed out of a very screwed-up economic system that until (and maybe despite) the meltdown had seen the rich get ever richer and a widening gulf between them and the poor.

A couple of other ideas to throw around:

Junk the existing income tax system in favor of a graduated scale based on income, with only a few standardized deductions for dependents and disability. Pick a number – say, $25,000 annual income after deductions – where income tax would begin at a flat 2 percent or whatever. Then it increases by set percentages for every dollar earned over specified levels, maybe at $27,500, $30,000, $32,500, and so on upward, maxing out at 35 percent for earned income in excess of $300,000.

Declare or fight a war? Everybody pays a tad more. That’ll make presidents think twice about invading other countries. No free lunch for Americans, and no action without possible consequences for presidents or, for that matter, members of Congress. I seem to recall that the Vietnam war eventually brought a temporary income tax surcharge for many Americans.

But back to those ugly bonuses: I can’t help but wonder what dirty little shenanigans would emerge from IRS audits of executives who got million-dollar bonuses. Might be enough to more than offset their obscene gains.

And for companies that may be tempted but have not yet paid out inappropriate bonuses (and I stress, inappropriate, as in a million bucks), just say “no” – and if those managers and executives don’t like it, tell them to look for a job somewhere else. It’s a very tough marketplace out there in the unemployment lines.

Today's fortune cookie message

Change is intuitive and action sublime.

Check out this story

My pal Rafael Alvarez has a nifty economy-related story online at the Christian Science Monitor, reporting from the town where the fictional account of the Joad family's travails began in Steinbeck's "The Grapes of Wrath." Check it out at:
http://features.csmonitor.com/backstory/2009/03/24/great-depression-icon-meets-the-great-recession/

Thursday, January 29, 2009

R.I.P. Baltimore Examiner

Another paper bites the dust
as freebie not-quite-daily folds

The Baltimore Examiner announced its death today, effective with its edition of Sunday, Feb. 15, bringing an end to a local experiment in daily journalism: Give it away for free.

It was a money-losing proposition from the get-go, but owner Clarity Media Group said it had banked on revenue growth through eventual synergy with its sister Washington Examiner some 40 miles down the highway.

Didn’t happen. The company blamed the economy, which indisputably has cut deeply into advertising revenue through the newspaper industry. But when it’s hard enough to make money giving news away for free online, you have to question the model of giving it away for free in print.

To my view, the Baltimore Examiner was a noble experiment in that it brought a little competition to a monopoly news organization, The Baltimore Sun – my longtime employer. Unfortunately, the economy conspired there, too, so instead of improving the product, The Sun has gradually downsized itself.

The Examiner was launched in April 2006, a little more than a year before I retired – so I had a good view about how it was regarded by The Sun: Not highly. The new paper, a tabloid, initially seemed helter-skelter in its presentation of the news, and the stories were of necessity brief. A lot of little stories and, for awhile, swimming in ample space that served to scatter them.

At first determined not to be beaten/embarrassed by the Examiner on breaking news, the novelty soon wore off, and The Sun focused less on the little competitor and more on its strengths in news coverage and newspaper design. And for the most part, Sun readers wanted that paper – after all, they were paying for it.

The Examiner’s delivery brought annoyance from many who professed not to want it, but found it on their lawn on driveway or sidewalk each day. That’s a problem when, at first, you declare a daily circulation of a quarter-million and start throwing it around willy-nilly. Its target was upscale neighborhoods that advertisers would want to reach, but the audience had more sophistication than the Examiner’s overall content.

And some who wanted the newspaper found they could not count on its arrival. In my suburban neighborhood, the Examiner was there for a while, then vanished, then would show up sometimes, then disappear again. (In its delivery heyday locally, I could walk along a neighboring street late at night and find that morning’s Examiner lying untouched on half of the driveways.)

Recently, the Examiner opted to change its model to home delivery only on Thursdays and Sundays. But I never saw one on my lawn or driveway, or even in the gutter. On rare occasions I’d spot it on a driveway along a nearby street, usually having been left lying on the concrete for days in its thin plastic bag.

Always, there was the newspaper’s Web site – every bit as free as the print edition. And when the Examiner cut back home delivery (keeping a smaller daily in-town distribution through vending boxes), it promoted the daily Web edition as an alternative.

There were readers – or professed readers – who were outspoken in their belief that The Sun was a blatantly left-leaning newspaper, and favored the Examiner’s conservative voice. (The Examiner endorsed McCain/Palin in the presidential election, and its editorials and some opinion articles leaned well to the right of Maryland’s and Baltimore’s largely Democratic bent.)

To add local voice, the Examiner hired conservative black columnist Gregory Kane, who took a buyout in leaving The Sun for what, sadly, turned out not to be a long-term gig. It also brought aboard Michael Olesker, a liberal-leaning columnist who had written for Hearst’s long-gone Baltimore News American before putting in two decades at The Sun (his career there sadly ending amid complaints of plagiarism, which could just as well have been due to profound carelessness or laziness on his part).

They both were friends of mine at The Sun and, like me, are graduates of Baltimore City College (third-oldest public high school in the nation). Olesker and I were in the same 10th-grade homeroom. So I greatly grieved his exit from The Sun, and was glad to see him surface at the Examiner.

Another old Sun friend, Gary Gately, came aboard at the Examiner for a year as an assistant managing editor – until the newspaper decided it had too many assistant managing editors and bid him bye-bye. But during his tenure, for the few months I worked two blocks away editing at the weekly Baltimore Business Journal, I’d wander past the Pratt Street office tower housing his newspaper and usually find him on a cigarette break with colleagues. So I got to meet quite a few of the Examiner’s reporters and editors.

A casual conversation with Gately and sports editor Jon Gallo led to a freelance venture writing stories on new Baltimore Orioles baseball players, providing me with press credentials for spring training in Florida last year. I’d always wanted to write baseball stories, and the Examiner bought and published seven from me. I worked a little harder than one might imagine during a nearly two-week stint in Florida, but got to see plenty of baseball – and in the end managed to keep my expenses low enough so that they pretty much matched the income. (Tax bite: Zero.)

The Sun had three folks covering spring training, while the Examiner was relying on the Associated Press. It left an opening for my freelance opportunity – one that I wasn’t going to have anywhere else. For that, thanks, Examiner! (And if any other news organization around town is looking for some freelance coverage this year, I’m very available….)

It also provided a regular check for my friend Rafael Alvarez who, after taking his buyout from The Sun, tried his hand at television writing (The Wire series on HBO, and the first season of Life on NBC before being fired after the writers’ strike) and then expanded his newspaper freelancing.

So the Examiner has been good to some of my friends, and a place for news folks to hang a hat and ply their trade for the benefit of however many folks actually read the newspaper.

I hope a lot of folks were reading it, and that they’ll miss it.

Good or bad, depending on your view, it was a real newspaper. And its death further diminishes an ailing industry.

Locally, there’s still The Sun – although a much smaller newspaper than the one I worked at for 40 years. Its daily business and metro news sections have been incorporated into the main news section, its foreign bureaus are gone, its once-vaunted national reporting minimized. Sports and features sections are smaller.

Hardly a wonder people are looking elsewhere for news these days.

The Fourth Estate is simply a mess.

Today’s fortune cookie message

All your hard work will soon be paid off.

Daily number: 018

Friday, October 31, 2008

Road Trip Wrap-Up (Voices of America)


Steve Riddle and his dog Rerun move sheep trio at Cumberland Gap demonstration. (Photos by Bonnie Schupp)

Five-state ramble comes to end,
but fortunately the nation hasn't

Our two-week road trip touching five states in southern Appalachia confirmed to us a confused and troubled nation.

We found people who are living in the past because they haven’t adapted to change, or grown beyond cultural prejudices, hatred and fear. Others we met re-enact the past – the parts that are heroic and demonstrate the great strengths on which this nation was built.

There are folks who embrace dialogue, others who hear only the voices they agree with.

And there are clearly folks who are facing harder times.

The American economy is so bad that even shepherd Steve Riddle is facing a layoff.

A shepherd. That’s right – the guy to whom “crook” takes on a whole new meaning is a victim of downsizing.

Riddle, 44, from Worden, Illinois, was running some sheep with his talented sheepdogs for a re-enactment of the pioneer era held at Cumberland Gap National Historical Park in Kentucky. A little toot on Riddle’s cow-horn whistle, and his 9-year-old pooch partner Rerun was on the move turning the sheep toward a log pen.

An Illinois state employee for 19 years, and just a year before he might have been eligible for an early pension, Riddle said he’s been given notice that his job at Cahokia Mounds Historical Park is being eliminated at the end of November.

Except for anything related to Abraham Lincoln -- whose bicentennial is being celebrated in 2009 – the State of Illinois is cutting back on its parks and recreation staff to save money, lamented Riddle, who sadly doesn’t bear the slightest resemblance to the nation’s 16th president but makes a fantastic late 18th Century shepherd.

Riddle and his wife, who does spinning, have a small farm and three children, ages 21, 16 and 14, so he’ll be looking for work. Judging by his demonstrations at Cumberland Gap, he’s great with animals and kids, so give him a call.

The shepherd was among dozens of people we met across a road trip of nearly 2,000 miles. Stories about some of them made it into my two weeks of daily blogging, while those of others – like Steve Riddle – did not. So he and his picture, taken by Bonnie, lead the road trip wrap-up report as I turn through the pages of a couple of filled notebooks.

There were plenty of memorable words spoken by folks we talked with, some of which we recounted in earlier blog postings. Here’s a mix:

“You know the difference between a violin and a fiddle? A violin has strings; a fiddle has strangs.”

– Michael Delp of Elk Creek, Va., playing his fiddle at Cumberland Gap National Historical Park.

“If I breathe my last breath right now, I will be happy that I shared their story with you.”

– Kitty Wilson Evans, 69-year-old slave re-enactor and retired elementary school teacher who is the oldest of 14 living children in her family, telling an entirely white audience at Cumberland Gap of the hard lives endured by her ancestors who also were among the nation’s pioneers and how they dealt with adversity. No family’s story should ever be lost, she said, imploring the people around her to talk with parents and grandparents about their lives and experiences. “Know where you came from so you know how far you’ve come.”

“Right now, we are at least civil in our hated. We at least talk to each other.”

– “Deacon” Jones, a retired deputy police chief who portrayed a freed slave at the re-enactment and was expressing fear at the thin veneer separating racial harmony from violence in today’s America. It is a fear that tempers his joy at the possibility of Barack Obama becoming president.

“I just hope that this will be a healing process for the United States.”

– Richard Allison, white 72-year-old educator, sexologist and Florida-North Carolina Democrat, on the prospect of an African American president. He was out promoting the candidacies of several local Republicans in Bryson City, N.C. – clearly an involved citizen with friends on both sides of the aisle.

“Do you believe in Jesus Christ?”

– Breakfast hostess at a West Virginia motel, looking at my Annapolis Unitarian Universalist Church sweatshirt and trying to ascertain what it meant. My answer: “As the son of God, not really – but if there is a God, aren’t we all God’s children?” Her response: “You don’t believe in God?”

“I don’t know if Jesus could straighten this mess out.”

– Barry Strong, a 61-year-old retired juvenile prison educator, on the presidential debates.

Gasoline price conspiracy fails?

As we drove through Appalachia, we watched gasoline prices steadily decline. Our first fill-up, on the road in southwestern Virginia, cost $2.99.9 a gallon (you’d think we could dispense with that nine-tenths of a cent and just round it off!). Our last, on road back through middle-western Virginia, was $2.32.9.

A week before the Nov. 4 election, the price of gasoline had vanished as an issue – almost as if it were planned that way, to help the Republican cause.

Unfortunately for the John McCain cause, the economy plunged right along with it.

Say it ain't so, Joe

And after two weeks in the hinterlands, Joe the Plumber is still being invoked. Except he’s become Joe the Political Scientist, saying Barack Obama’s plans “sound like Socialism to me.”

But remember – he’s not even Joe the Plumber. He’s Joe the Plumber’s Helper. And his kind of thinking is taking people right down the political toilet.

Coming attractions: A visit to Great Falls of the Potomac, and comments from Real Muck readers.

Thursday, October 9, 2008

Shopping Spree

Discount sales abound
as stores go belly-up

I went shopping this week, feeding at the trough of a dying economy. As I write, it’s T-minus-3-days for the Boscov’s at Marley Station Mall, about seven miles from home. I felt a bit like a vulture, hunkered over the remaining flesh of a department store I had much preferred to the ubiquitous Macy’s.

Boscov’s, a regional chain, expanded into the Baltimore area after the Hecht Co. chain was absorbed by Blob-like Macy’s but ran into trouble as the economy soured and is playing the bankruptcy gambit. It turned over the contents of its three newest stores – those in the Baltimore area – to a liquidator, and I’d been watching the gradual price reductions waiting to feast.

Liquidation prices, I found, are not always bargains. For starters, tags with former sale prices vanished, so the initial discounts of 10 to 20 percent on “original” prices actually increased prices for much of the store inventory.

I’d bought my younger daughter a $100 set of Wearever cookware at a half-price sale a week before the liquidator took over, and never saw it get so cheap again as I contemplated a set for myself. I have my pride, after all: Why pay more than $50? Well, lots of folks drawn in by the big signs about ever-larger discounts had snapped up those pots and pans before they even got down to $60.

OK, I’m cheap. I have friends who laugh about the fact that I clip coupons.

Anyway, as the stock dwindled to the point it took up only part of the first of Boscov’s three floors, I bought a sport jacket Monday for $50 (original price, a fictional $239), only to see sport jacket prices slightly lower the next day as the discounts reached 80 percent. But I picked up some bargain walking shoes and cold-weather boots for a total of $30, while Bonnie was rooting out what little good clothing remained in her sizes.

Then we bought a service-for-12 set of white china for $35. Real china, too, especially if we’re talking about where it was made. Not that our current dishes are so bad, but that the white ones are not scratched (yet) and their color will lend itself better to Bonnie’s stock photography food pictures. So probably, she’ll make far more from the pictures than the dishes cost. (Anyone have a recipe for tax deduction?)

Then I splurged. Went nuts. Out of control. Cuisinart “Chef’s Classic Stainless Cookware”– a big sautee pan, casserole pan, and multipurpose pot, all with lids, and suitable for stovetop and oven.

Shelled out a hundred bucks for the three pots (total list, nearly $400).

After we unloaded the station wagon, I got around to opening the morning paper and found a front-page story on the demise of yet another area business – discounter C-Mart, age 33. Known for selling furniture and designer goods at rock-bottom prices, C-Mart had new owners and planned to expand – only to run up against a harsh economic reality.

“Unless you’re selling things that people have to have, bread and butter and things like that, it’s hard out there right now,” the Baltimore Sun quoted C-Mart CEO Daniel Shuman as saying.

Driving down the main road of Pasadena Wednesday afternoon, I saw another economic casualty: A little Philippine market, going under a little less than two years after its opening. I’d occasionally bought fresh produce there, and it carried raw peanuts that my backyard squirrels enjoyed. But there wasn’t enough business, even with its sideline of renting Philippine movies, to keep the place profitable – particularly after a huge international supermarket opened recently a half-mile away.

Empty department stores, vacant storefronts – they’re growing in number, and will be the bones of an economy going very, very south.

What happened? I met a guy at Boscov’s who noted one telltale cause: America doesn’t make stuff anymore. “Not even ball bearings,” he said.

The guy, a semi-retired college professor, gave his name as D. Michael (his parents named him Darling, he said, but he just uses the D), and he works for Cohen Brothers, the liquidation company. From Maine to Florida, D. Michael said, he helps get rid of the inventory of dying businesses.

Then he rang up my last purchase – a handful of tastefully designed blank greeting cards, just perfect for writing a personalized get-well message or sympathy for a death.

They were discounted at 80 percent.

Maybe I should send one to Boscov’s.