Why is Borders getting more financing??? Up to $500,000,000!!!!!!

[S2007S]

Quote from loza:

If they have a good sense and move to the eBook market then their name(franchise) and other assets could (MAYBE) pull them through. The eBook market is fast growing with Kindle, Nook and Apple with Google tailing them so it is possible that they are a "johnny come late" and will never make it. Close half their bookstores and cashflow might return...

They can close half of them and still not make it, the transition to the ebook market is here and is here to stay, a few years from now Borders will probably not exist and in the next 5-10 years most books will be obsolete. There is no need for books anymore everything will be in digital format. Even school text books will be a thing of the past along with newspapers and magazines, 20 years from now print will be totally obsolete, maybe even sooner.

 

[Ghost of Cutten]

Quote from nitro:

What a shame. Borders is my bookstore of choice for so many reasons, and imo beats B&N hands down. (although I wish Borders would either turn their music off, or played classical or bookstore jazz).

There has been a trend towards absolute efficiency in everything. I long for a world of like-minded people where the accounting takes people's well being into consideration, not the final number from an accountant. Maybe Borders will find a way to survive...

I am telling you that hard core capitalism will lead to the destruction of human beings, as human beings. I fear what we will look like in 200 years as a race if this corporatism is allowed to continue with impunity.

So a badly-run bookstore chain closes down, and as a result you think our entire species will lose its humanity? LMAO

Think of all the trees that won't be cut down. Think of all the petrol/gas that won't be burned driving to the store and back. Think of the retail space that will be freed up, lowering rents and providing other more useful business services. Think how much more people will read now they can get books cheap or even the classics for free - the entire library of human written output in seconds, at the click of a mouse. How about looking at some of the positives instead of being a knee-jerk reactionary doomsaying communist?

Only old people have such an instinctive hatred of progress.