Saturday, May 16, 2020

Rain

Pennys started out as Gold Rule. This is the first one back in the day, in Kemmerer Wyoming.

Earlier this past week we published this:

Lex Anteinternet: Storm Clouds: Yesterday we published this: Lex Anteinternet: Gathering Storms. : Economists are openly speculating now that we may be entering a period ...

Which took note of this within it:

Lex Anteinternet: Gathering Storms.: Economists are openly speculating now that we may be entering a period of deflation. A drop in petroleum prices combined with a drop in so...

Today we have the news that JC Pennys, a company founded in Wyoming, is in bankruptcy.

I have to agree with this Forbes headline, however:

Don’t Blame The Pandemic: JCPenney Goes Bankrupt After Decades-Long Struggle To Reinvent Itself

Pennys has been having trouble for awhile, as anyone who has toured the former retail giant in recent years would know. Still, I hate to see this happen as I did occasionally buy clothing there.

And this isn't unique to Pennys. As Forbes also noted:

The retailer joins Neiman Marcus, J.Crew and Stage Stores in seeking bankruptcy in recent weeks. It also follows in the footsteps of Sears, which filed for bankruptcy protection in 2018.

Which isn't to say that this should be taken lightly. Pennys was a big store, but it wasn't a Walmart. I.e., it was higher quality and this reduces customer options fairly seriously.

And its one more blow in something that's rapidly reaching a depression level economic trend.

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Lex Anteinternet?

This blog has been around since 2009. In the very first post, we asked the question: "What the heck is this blog about?"

Our answer to the question was: "The intent of this blog is to try to explore and learn a few things about the practice of law prior to the current era. That is, prior to the internet, prior to easy roads, and the like. How did it work, how regional was it, how did lawyers perceive their roles, and how were they perceived?"

We also noted: "Part of the reason for this, quite frankly, has something to do with minor research for a very slow moving book."

All of this is still true, but the focus of the blog has changed somewhat. It now focuses on the era from 1890 to 1920 in general, rather than on the law and lawyers specifically, although that may be far from obvious. It's also become the location where we comment on anything we feel moved to comment on.

We hope you'll feel moved to comment as well. While we moderate every comment, so as to weed out Spam, we greatly appreciate the comments where they are offered, and hope to see more.

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