Rue21, a mall staple, files for bankruptcy and will close all of its stores | CNN Business

Rue21, a mall staple for teen apparel, is going out of business and closing all 540 of its stores within the coming weeks

           

https://www.facebook.com/cnn/posts/823382436321076

Travis Stromme well for starters I would say his moratorium on new oil and gas leasing on federal lands and waters. With nearly 25 percent of U.S. oil and gas production coming from federal lands.
Then I would say his November 2021 regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year. His rescint on the Endangered Species Act reforms, a move that will increase red tape and allow litigation to slow down energy projects and raise costs. And of course rejoining the Paris agreement. Just to name a few policies that have caused the rising prices of energy.
Shall we move onto corporate/ business policies and regulations next?


Jim Lambdin "No new regulations"? I'll include the link.
Now I'll address the rest of your ridiculous comment.
INFLATION
So what do you think is more realistic? Your delusional explanation that all the corporations and businesses (even the liberal ones) met under the cover of darkness one night and agreed to raise prices across the board 40%?
Or... maybe...just maybe the common denominator is disastrous Biden policies that has risen the cost of business by imposing more regulations, rising shipping costs, rising insurance costs, high interest rates and rent, high prices on fuel, feed and fertilizer??
Stop being so obtuse.

https://www.brookings.edu...-the-biden-era/


While I feel bad for the workers, I don't for the company. Rue's industry is propped up by low wages and cheaply made mass-produced apparel made on the backs of those in =worse= labor conditions and even =lower= wages overseas. Retail employees always become "unskilled laborers" when it comes time to discuss minimum wage. "But can you imagine how much their clothes would've cost with a higher wage?" Sure; that's why I say our fast fashion, fast food, etc. is dependent upon underpaid labor... and it's an unflattering commentary on American political culture that we're s*cking the d*ck of convenience so hard that we'll accept it. "Well low-income folk need affordable clothes." Ummm, they need a fair wage- but it seems we have a vested interest in keeping them in that low-income class. Would be nice if they could pump more $$ into the economy. Y'all can argue about who's in the White House & all... but both parties in Congress haven't raised the federal min wage since 2009. To me, this is industry & corporate karma. #isaidwhatisaid


Brian Lee Mann Jr. Of course not. Are you trying to be facetious?
But there are policies that has risen the cost of insurance (FIO) Federal Underwriters. The rise of Federal minimum wage. The increase in Federal regulations for business. Health insurance regulations. And of course we can't forget about Biden's ridiculous energy policies that have caused a significant rise in energy prices or the fact that absolutely every aspect of America is dependent on petroleum one way or another, whether the left chooses to acknowledge this fact or not. I hope this clears up any credulity you might still have in regards to the disastrous Biden administration.