Westinghouse. The plastic handle disassociated itself from the riveted aluminum tang on the 12 pan. These saucepans and frying pans cost more than Cuisinart, their non-stick lining IMHO is superior to what Cuisinart uses, the fixture is heavier in weight.
Having a dual Masters degree gained at Stanford I am familiar with the interactions of corporations, government, consumers and investors. Only government does not fear loss of investor confidence. Consumers I would believe do not WISH for something like a Craftsman product to fail, yet it has in a double faceted manner. Loss of consumer, then loss of investor confidence.
Sears faces untenable overhead. They and Macys formed the anchor of countless shopping centers in the USA. When Sun Valley Mall was built in Concord, California, the lease for the Macy's Store was $22,000 per month. Now the Mall sits abandoned and the monthly rent equaled 330,000 month. Why was the rent/lease forced to increase by 150%? When the salesforce first appeared they earned a bit over 3.00 hour. Now it sits at (I think) $16.00 hour. The standard of living for today's workers is poverty. When the wage was 3.00 hour the price for a gallon of gasoline for thirty one point nine cents per gallon -- does a person have to be a scholar to ratio sixteen dollars gross income to 4.00 hour gasoline?
The geniuses at the today's helm have not a clue as to the effects of soaring energy prices on the economy. My professor would have smacked his birch point at a knothead who missed the point and instead factored the health of a company due to skewed analysis that develops an unhealthy theory around Profit to Earnings Ratio due to fiscal mismanagement.
What WAS missing from the scene forty-five years ago was intense pressure from investors and the utter greed of speculators. When corporate structure shrinks it is not a sin, when corporate structure shrinks, ratings decline from AA-- to BBB+ AND the earnings structure shrinks, fewer stores, with each remaining selling less earning less margins, then that is a crisis. There are a lot of components missing here such as lenders basing points upon analysis but let's stick with these.
I could get into an analysis as to why COSTCO is so robust, and other merchandisers but let's not but say we did...
Today's schools send their children to school 20% to learn, 80% to be rid of them for seven hours. Juvenile babysitting. The parents are interested in working less and making more. When the legalization of a new intoxicant becomes the focus of of blue collar society this is a nuclear strike imminent for that society. My father walked me through shipyards focusing on WHY algebra, geometry and calculus was so important, why chemistry and electricity was so important to learn. He sis not sit on his AS$ and demand that schools babysit me year after year. His goal was to become Industrial Manager of the 12th Naval District. Insure private contractor refit and repair of naval vessels met USN specifications. It impressed his number 2 son.
The USA is setting itself up -- nay I'll get rude -- dropping it's pants and bending over in a focused attempt to make itself vulnerable to the extreme. It happened in the 1920's and then the country had an excuse of a much lower percentage of college educated work force. Books were cooked, speculation was leveraged to insane levels and the depression ensued.
Our country should not base it's entire economic structure on a vulnerable industry like computer hardware and software. Yet it is. Agriculture now has to focus on it's vulnerability to speculators because banks have zero expertise in agra/economics.
The last serious test of a thoroughly skewed economics health management was in the 1970's. How many of you endured STAGFLATION? Where rampant energy speculation added misery to a psychosis economic picture that had no exits. Stagflation ended when the price of crude oil crashed.