#madden 22

[heelmarcus]

Marcus Alford Recap | Week of Dec 8th 2024

Sixers get hurt again. Cowboys fumble on Monday Night. A Main Event on Saturday IG Post of the Week View this post on Instagram A post shared by Marcus Alford (@marcusalford) Tiktok Clip of the Week @marcusalford Im just waiting for this season to be over #CowboysNation #DallasCowboys #CINvsDAL ♬ tv off – Kendrick Lamar Check out last week’s show below or click here Check out last week’s…

[flojocabron]

12/09/24: Monday thrift store finds! Went to Salvation Army Store first, and for $4.00, I got two seasons of Mayans on dvd and a Madden ps4 game. But I scored better at the other thrift store. I found a manga for a dollar. And a psp game for $5.49. And when I made it to the register, behind the glass was a sealed ps5 game! Among Us Imposter edition. I would have happily paid the $15 they wanted for it. But it looks like they had a sale on them. They were considered toys, and toys had a discount going on. So they were reduced. I ended up paying $16 for everything! A great start to the week.

[acsuttles]

4K – Madden NFL 22 – 2021 – Preseason – Week 1 – Buffalo Bills At Detroi...

#Madden #MaddenNFL22 #MaddenSeries #Madden22 #Preseason #Week1 #Buffalo #Bills #BuffaloBills #AFCEast #Detroit #Lions #DetroitLions #NFCNorth #ItsJustPreseason

[ryunneldred]

Titans (WhiskeyNBri) V Jaguars (Pro CPU) | NergazmicFranchise Madden 22 ...

[dykedvonte]

MacCready being one of the few companions to not lose affinity if you eat people makes sense when you remember the fungus in Little Lamp Light grew from decomposing bodies. Like the kids weren’t eating people directly but they were eating people adjacent things.

Not to mention how the Lone Wanderer can trick the kids at LLL into buying “strange meat” to eat which is just human so it’s more likely than not they have just straight up ate people so he’s either very desensitized, knows what food desperation can do to people or feels he really has not ground to stand on since he was in the same boat whether he wanted to be or not.

[ashpkat]

in my idealized version of the books (the Good timeline), jericho and constantine’s relationship is not the one aaron and calls relationship parallels — it’s constantine and joseph. in this essay i will *gets taken out by cassandra clare’s snipers*

[wilsonthemoose]

Mary fighting to get out of the life and getting married to a guy who died in her arms and making a deal with a demon in exchange for a visit 10 years down the line and then naming her sons after her parents who got killed by aforementioned demon is...mam I love full-circles and history repeating itself and narrative damnation but maybe name them Joe and Alex.

[zerofuntimes]

why do people always think im a child? my eyes convey a sense of world weariness only a 20 something could possess and yet people still without fail think im like 16

[dompler]

you guys should be grateful i dont wake up every day and decide to become evil over the fact ive never been wrong about a societal issue since i was 13 but was always told i was "wrong" abt it or "too young to get it"

[maddennfl86]

4/22/23-New IG stories 💥💥💥

[heelmarcus]

Marcus Alford Recap | Week of Jan 5th 2025

Cowboys season finally ends. Marcus missed a bunch of episodes dealing with a back injury but jumped back into mix with Fortnite and the start of the NFL Playoffs. IG Post of the Week View this post on Instagram A post shared by Marcus Alford (@marcusalford) Tiktok Clip of the Week @marcusalford Jumping back into #FallGuys tonight ♬ original sound – Marcus Alford 🔥 Check out last week’s show…

[rxiverr]

staring wistfully in the distance for more constanteph content knowing damn well i gotta do it myself

[if-loki-was-a-fox]

They should let me turn off followers on social media. Or at least hide my follower count from myself. That's so scary

[ryunneldred]

Titans (Tainted Saint) V Jets (Pro CPU) | NerdgazmicFranchise Madden 22 ...

[mostlysignssomeportents]

Red Lobster was killed by private equity, not Endless Shrimp

For the rest of May, my bestselling solarpunk utopian novel THE LOST CAUSE (2023) is available as a $2.99, DRM-free ebook!

A decade ago, a hedge fund had an improbable viral comedy hit: a 294-page slide deck explaining why Olive Garden was going out of business, blaming the failure on too many breadsticks and insufficiently salted pasta-water:

https://www.sec.gov/Archives/edgar/data/940944/000092189514002031/ex991dfan14a06297125_091114.pdf

Everyone loved this story. As David Dayen wrote for Salon, it let readers "mock that silly chain restaurant they remember from their childhoods in the suburbs" and laugh at "the silly hedge fund that took the time to write the world’s worst review":

https://www.salon.com/2014/09/17/the_real_olive_garden_scandal_why_greedy_hedge_funders_suddenly_care_so_much_about_breadsticks/

But – as Dayen wrote at the time, the hedge fund that produced that slide deck, Starboard Value, was not motivated by dissatisfaction with bread-sticks. They were "activist investors" (finspeak for "rapacious assholes") with a giant stake in Darden Restaurants, Olive Garden's parent company. They wanted Darden to liquidate all of Olive Garden's real-estate holdings and declare a one-off dividend that would net investors a billion dollars, while literally yanking the floor out from beneath Olive Garden, converting it from owner to tenant, subject to rent-shocks and other nasty surprises.

They wanted to asset-strip the company, in other words ("asset strip" is what they call it in hedge-fund land; the mafia calls it a "bust-out," famous to anyone who watched the twenty-third episode of The Sopranos):

https://en.wikipedia.org/wiki/Bust_Out

Starboard didn't have enough money to force the sale, but they had recently engineered the CEO's ouster. The giant slide-deck making fun of Olive Garden's food was just a PR campaign to help it sell the bust-out by creating a narrative that they were being activists* to save this badly managed disaster of a restaurant chain.

*assholes

Starboard was bent on eviscerating Darden like a couple of entrail-maddened dogs in an elk carcass:

https://web.archive.org/web/20051220005944/http://alumni.media.mit.edu/~solan/dogsinelk/

They had forced Darden to sell off another of its holdings, Red Lobster, to a hedge-fund called Golden Gate Capital. Golden Gate flogged all of Red Lobster's real estate holdings for $2.1 billion the same day, then pissed it all away on dividends to its shareholders, including Starboard. The new landlords, a Real Estate Investment Trust, proceeded to charge so much for rent on those buildings Red Lobster just flogged that the company's net earnings immediately dropped by half.

Dayen ends his piece with these prophetic words:

Olive Garden and Red Lobster may not be destinations for hipster Internet journalists, and they have seen revenue declines amid stagnant middle-class wages and increased competition. But they are still profitable businesses. Thousands of Americans work there. Why should they be bled dry by predatory investors in the name of “shareholder value”? What of the value of worker productivity instead of the financial engineers?

Flash forward a decade. Today, Dayen is editor-in-chief of The American Prospect, one of the best sources of news about private equity looting in the world. Writing for the Prospect, Luke Goldstein picks up Dayen's story, ten years on:

https://prospect.org/economy/2024-05-22-raiding-red-lobster/

It's not pretty. Ten years of being bled out on rents and flipped from one hedge fund to another has killed Red Lobster. It just shuttered 50 restaurants and declared Chapter 11 bankruptcy. Ten years hasn't changed much; the same kind of snark that was deployed at the news of Olive Garden's imminent demise is now being hurled at Red Lobster.

Instead of dunking on free bread-sticks, Red Lobster's grave-dancers are jeering at "Endless Shrimp," a promotional deal that works exactly how it sounds like it would work. Endless Shrimp cost the chain $11m.

Which raises a question: why did Red Lobster make this money-losing offer? Are they just good-hearted slobs? Can't they do math?

Or, you know, was it another hedge-fund, bust-out scam?

Here's a hint. The supplier who provided Red Lobster with all that shrimp is Thai Union. Thai Union also owns Red Lobster. They bought the chain from Golden Gate Capital, last seen in 2014, holding a flash-sale on all of Red Lobster's buildings, pocketing billions, and cutting Red Lobster's earnings in half.

Red Lobster rose to success – 700 restaurants nationwide at its peak – by combining no-frills dining with powerful buying power, which it used to force discounts from seafood suppliers. In response, the seafood industry consolidated through a wave of mergers, turning into a cozy cartel that could resist the buyer power of Red Lobster and other major customers.

This was facilitated by conservation efforts that limited the total volume of biomass that fishers were allowed to extract, and allocated quotas to existing companies and individual fishermen. The costs of complying with this "catch management" system were high, punishingly so for small independents, bearably so for large conglomerates.

Competition from overseas fisheries drove consolidation further, as countries in the global south were blocked from implementing their own conservation efforts. US fisheries merged further, seeking economies of scale that would let them compete, largely by shafting fishermen and other suppliers. Today's Alaskan crab fishery is dominated by a four-company cartel; in the Pacific Northwest, most fish goes through a single intermediary, Pacific Seafood.

These dominant actors entered into illegal collusive arrangements with one another to rig their markets and further immiserate their suppliers, who filed antitrust suits accusing the companies of operating a monopsony (a market with a powerful buyer, akin to a monopoly, which is a market with a powerful seller):

https://www.classaction.org/news/pacific-seafood-under-fire-for-allegedly-fixing-prices-paid-to-dungeness-crabbers-in-pacific-northwest

Golden Gate bought Red Lobster in the midst of these fish wars, promising to right its ship. As Goldstein points out, that's the same promise they made when they bought Payless shoes, just before they destroyed the company and flogged it off to Alden Capital, the hedge fund that bought and destroyed dozens of America's most beloved newspapers:

https://pluralistic.net/2021/10/16/sociopathic-monsters/#all-the-news-thats-fit-to-print

Under Golden Gate's management, Red Lobster saw its staffing levels slashed, so diners endured longer wait times to be seated and served. Then, in 2020, they sold the company to Thai Union, the company's largest supplier (a transaction Goldstein likens to a Walmart buyout of Procter and Gamble).

Thai Union continued to bleed Red Lobster, imposing more cuts and loading it up with more debts financed by yet another private equity giant, Fortress Investment Group. That brings us to today, with Thai Union having moved a gigantic amount of its own product through a failing, debt-loaded subsidiary, even as it lobbies for deregulation of American fisheries, which would let it and its lobbying partners drain American waters of the last of its depleted fish stocks.

Dayen's 2020 must-read book Monopolized describes the way that monopolies proliferate, using the US health care industry as a case-study:

https://pluralistic.net/2021/01/29/fractal-bullshit/#dayenu

After deregulation allowed the pharma sector to consolidate, it acquired pricing power of hospitals, who found themselves gouged to the edge of bankruptcy on drug prices. Hospitals then merged into regional monopolies, which allowed them to resist pharma pricing power – and gouge health insurance companies, who saw the price of routine care explode. So the insurance companies gobbled each other up, too, leaving most of us with two or fewer choices for health insurance – even as insurance prices skyrocketed, and our benefits shrank.

Today, Americans pay more for worse healthcare, which is delivered by health workers who get paid less and work under worse conditions. That's because, lacking a regulator to consolidate patients' interests, and strong unions to consolidate workers' interests, patients and workers are easy pickings for those consolidated links in the health supply-chain.

That's a pretty good model for understanding what's happened to Red Lobster: monopoly power and monopsony power begat more monopolies and monoposonies in the supply chain. Everything that hasn't consolidated is defenseless: diners, restaurant workers, fishermen, and the environment. We're all fucked.

Decent, no-frills family restaurant are good. Great, even. I'm not the world's greatest fan of chain restaurants, but I'm also comfortably middle-class and not struggling to afford to give my family a nice night out at a place with good food, friendly staff and reasonable prices. These places are easy pickings for looters because the people who patronize them have little power in our society – and because those of us with more power are easily tricked into sneering at these places' failures as a kind of comeuppance that's all that's due to tacky joints that serve the working class.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/05/23/spineless/#invertebrates

[ur-mag]

Are EA servers down? Users complain FIFA 22, FIFA 23, and Madden NFL 24 aren’t working | In Trend Today

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