Tuesday, March 13, 2012

How Deep is America's "Great Recession?"

Tide Detergent Being Stolen
From Stores Across the Country

By Melissa Knowles, YahooNewsblog, March 13, 2012

Tide laundry detergent is meant to be used for household cleaning purposes, but thieves are turning it into something dirty. Authorities are reporting a spike in thefts of Tide, and in some cities they are setting up task forces where the detergent is sold to track the number of bottles in stores. Police believe thieves are using the soap on the black market, which retails for $10-$20, to buy drugs. On the black market, Tide is often referred to as "liquid gold" and can go for $5-$10 per bottle.

Last year, in St. Paul, Minnesota, a man is alleged to have stolen $25,000 worth of Tide over 15 months before authorities captured him. Stores such as CVS have amped up security measures to prevent theft; at some locations the detergent is kept in a locked container and an employee must retrieve it for customers.

So why is Tide the only detergent being targeted? Authorities list several reasons: Tide is instantly recognizable because of its Day-Glo orange bottle; it is one of the most expensive brands of laundry detergent; and it does not have serial numbers, so it cannot be tracked.

On social media, people are calling the theft trend "bizarre" and many are blaming it on the tough economy and rising gas prices. One person tweeted that the thefts are " a result of inflation."

A spokesperson for Procter & Gamble, the manufacturer of Tide, called the thefts "unfortunate."


 http://news.yahoo.com/blogs/trending-now/tide-detergent-being-stolen-stores-across-country-162253268.html

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

Comments by the Blog Author
The theft and street resale of Tide detergent is consistent with the beginnings of an unofficial American black market by an underclass with no future prospects and no income. Normal theft in an ongoing and working culture consists of very high value items such as luxury goods as well as small items of high value such as cigarettes, distilled spirits, pharmaceuticals and drugs.

What distinguishes this situation is the motives of the thieves stealing Tide. This represents no get rich quick scheme or organized crime. It’s a high risk and low reward crime committed by those with no future and no hope. And thus the present American economic stagnation represents a regression surpassed only by the Great Depression of the 1930s.

No comments:

Post a Comment