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Chuck E. Cheese going belly up, and it's not about the virus... (Original Post) TreasonousBastard Jun 2020 OP
Well, it could've been OTHER viruses... Beartracks Jun 2020 #1
Yeah I have heard stories. Initech Jun 2020 #7
I know I'm hopelessly naive on these things, but I'll never understand why this shit is legal. Gidney N Cloyd Jun 2020 #2
It's not. It's jungle capitalism. TreasonousBastard Jun 2020 #3
It doesn't, but dealing with it is complicated and the provisions are relatively obscure... JHB Jun 2020 #10
Thanks. Bookmarking... nt Blasphemer Jun 2020 #13
Also bookmarking. Thank you. betsuni Jun 2020 #17
They have moved into healthcare big. Blue_true Jun 2020 #20
The lucrative business of bankruptcy keithbvadu2 Jun 2020 #26
Decent jobs and pensions go 'poof' and rich guys become richer guys. Gidney N Cloyd Jun 2020 #35
I'll never get over how TheFarseer Jun 2020 #36
+1 Gidney N Cloyd Jun 2020 #38
they gave it the romney treatment nt msongs Jun 2020 #4
Maybe because it is the second circle of hell Bettie Jun 2020 #5
Strep? How were the kids? TreasonousBastard Jun 2020 #6
All fine, they never get it Bettie Jun 2020 #12
It is, but frazzled Jun 2020 #18
So it's getting the Borders and Toys R Us treatment then? Initech Jun 2020 #8
Chuck E. Cheese is horrible. Wolf Frankula Jun 2020 #9
Chuck E. Cheese may be no great loss but the style of execution is troubling. Gidney N Cloyd Jun 2020 #11
It would have been gone years ago madville Jun 2020 #14
Lol, was waiting for a post like that! Nt USALiberal Jun 2020 #24
Only place that makes pizza sauce, where the first ingredient is sugar. 😂 TheBlackAdder Jun 2020 #37
I am happy to say that I managed to avoid... 3catwoman3 Jun 2020 #15
Las Vegas for kids Archetypist Jun 2020 #16
what happens in The Ball Pit, stays in The Ball Pit. uncle ray Jun 2020 #28
Lenders never catch on to this scam ..... rickford66 Jun 2020 #19
Chuck has been hurting for years. Solid companies don't usually sell to private Hoyt Jun 2020 #21
The Romney scheme for making money eleny Jun 2020 #22
The Giant anamatronic singing mice Olafjoy Jun 2020 #23
When my kids were little SCantiGOP Jun 2020 #25
Chuck E. Cheese, designed to get kids used to casino life. Greybnk48 Jun 2020 #27
Meh Calculating Jun 2020 #29
Anything with the word cheese deserves to go out of business Awsi Dooger Jun 2020 #30
One out of three isn't that bad. TreasonousBastard Jun 2020 #31
I am with you on all 3. Wow! n/t Laelth Jun 2020 #33
blood suckers Demovictory9 Jun 2020 #32
capitalism works so well Mr Romney scarytomcat Jun 2020 #34

Beartracks

(12,984 posts)
1. Well, it could've been OTHER viruses...
Tue Jun 16, 2020, 09:57 PM
Jun 2020

Every surface in those places was a greasy Petri dish. In my germophobe opinion, that is.


========

Gidney N Cloyd

(19,847 posts)
2. I know I'm hopelessly naive on these things, but I'll never understand why this shit is legal.
Tue Jun 16, 2020, 09:58 PM
Jun 2020

How does vulture capitalism destroying businesses and sucking out capital into private pockets beneficial to the economy?

JHB

(37,194 posts)
10. It doesn't, but dealing with it is complicated and the provisions are relatively obscure...
Tue Jun 16, 2020, 10:11 PM
Jun 2020

...so the only people who lobby hard about it are the people who like the current setup and are pushing for more.

I'm not an expert, but my sense of it is that these games are responsible for most of the job losses usually blamed on "trade deals! NAFTA! RARRRW!"

When this subject comes up it's always instructive to break out the 1991 Philadelphia Inquirer series by Bartlett and Steele:
http://www.philly.com/philly/opinion/inq_HT_WhatWentWrong1991.html

DAY 1
How game was rigged against middle class

After three decades, American worker loses out to Mexico
Who - and how many - in America's middle class

DAY 2
The lucrative business of bankruptcy

DAY 3
Big business hits the jackpot with billions in tax breaks

DAY 4
Why the world is closing in on the U.S. economy

DAY 5
The high cost of deregulation: Joblessness, bankruptcy, debt

DAY 6
For millions in U.S., a harsh reality: It's not safe to get sick

How death came to a once-prosperous discount-store chain

DAY 7
Raiders work their wizardry on an all-American company

DAY 8
When you retire, will there be a pension waiting?

Workers saving for their retirement lose on junk bonds

DAY 9
How special-interest groups have their way with Congress

America's two-class tax system


This has been with us for a long time.

betsuni

(26,615 posts)
17. Also bookmarking. Thank you.
Tue Jun 16, 2020, 10:46 PM
Jun 2020

I hate it when people blame trade deals for job losses just so they can blame Democrats for things that started long before NAFTA (and call them neoliberals).

Blue_true

(31,261 posts)
20. They have moved into healthcare big.
Tue Jun 16, 2020, 11:04 PM
Jun 2020

That is the reason larger cities have many hospitals and rural areas are seeing hospitals closed. To those funds, it is about cash flow and profitable patient counts, they have no interest in providing needed services at a reasonable cost.

Have a conversation with your own Doctor, if that person is willing to discuss it. Doctors today are likely to be part of a larger company that route patients between connected specialists, labs, and hospitals.

keithbvadu2

(38,111 posts)
26. The lucrative business of bankruptcy
Wed Jun 17, 2020, 12:21 AM
Jun 2020

Buy a company, preferably with debt... theirs, not yours.

Sell off assets

Milk it dry of money

Load it up with debt.

Restructure/bankrupt it.

Make sure you get lots of fees/bonuses for doing it.

If you're good, you can also get much of the employees' pension fund.

See ya!

TheFarseer

(9,384 posts)
36. I'll never get over how
Wed Jun 17, 2020, 09:38 AM
Jun 2020

The venture capitalists borrow money to buy the company and then the company they bought has to pay the loan. Does it work that way with ANYTHING else? Can I go to Starbucks and tell the guy at the register “The coffee owes you the money now. After I take a pee you can talk into the toilet about your $3.99”

Bettie

(16,623 posts)
5. Maybe because it is the second circle of hell
Tue Jun 16, 2020, 10:03 PM
Jun 2020

I had to go for several birthday parties when my kids were small.

Came down with strep after every single one of them.

Add in terrible food and, just no.

Bettie

(16,623 posts)
12. All fine, they never get it
Tue Jun 16, 2020, 10:17 PM
Jun 2020

I do anytime I'm exposed.

According to the doctor, some people get it more easily. They have on my chart now that if I call and ask for a rapid culture, I don't even need an appointment. Sigh.

Other than that, I never get sick.

frazzled

(18,402 posts)
18. It is, but
Tue Jun 16, 2020, 10:47 PM
Jun 2020

Chuck E Cheese toilet trained my daughter. That was 37 years ago (he must be getting long in the tooth by now). It was the first day my daughter went diaperless, so we told her we would take her, with her training pants, to see Chuck E Cheese to celebrate. He greeted us at the door, and I told him that our little angel was wearing big girl pants (!). He threw up his arms, gave her a hug and started dancing. She was elated and proud. And that was it. Toilet training accomplished in one day.

madville

(7,427 posts)
14. It would have been gone years ago
Tue Jun 16, 2020, 10:32 PM
Jun 2020

Lenders were eager enough to keep giving them loans (and probably making their own bonuses in the process).

rickford66

(5,568 posts)
19. Lenders never catch on to this scam .....
Tue Jun 16, 2020, 10:59 PM
Jun 2020

or maybe they do know. Romney ran this scam as a "successful businessman".

 

Hoyt

(54,770 posts)
21. Chuck has been hurting for years. Solid companies don't usually sell to private
Tue Jun 16, 2020, 11:05 PM
Jun 2020

equity. ToysRUs sold when their bonds were downgraded to junk, leaving them no where to go but private equity for funding.

CV19 forced CECheese to try home delivery, they were totally screwed at that point.

Hated the place, but the little kids had fun.

Olafjoy

(937 posts)
23. The Giant anamatronic singing mice
Tue Jun 16, 2020, 11:12 PM
Jun 2020

Always creeped me out a little. Went to lots of B day parties with the kiddos

SCantiGOP

(13,968 posts)
25. When my kids were little
Wed Jun 17, 2020, 12:12 AM
Jun 2020

I had to attend some birthday parties there, and I remember for a while in the 80s they had a Dad Room, where you could smoke, drink beer and watch sports on TV while you ignored your kid.

 

Awsi Dooger

(14,565 posts)
30. Anything with the word cheese deserves to go out of business
Wed Jun 17, 2020, 12:43 AM
Jun 2020

Heck, it would be a far superior world if cheese itself ceased to exist

My top 3 worldly eliminations would be:

1) Trump/GOP
2) Cats
3) Cheese

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