No doubt the Republic Window “Sit in” after its closing has become the “Story of the year” in our industry. The coverage of this story has been amazing and as of this morning a quick Google search of the story brought up a staggering 3,380 stories.
But to me there’s one part of the story not getting the coverage it deserves and that is the whole Echo Window angle. Echo is the company that members of the family that own Republic have and they just bought TRACO’s plant in Iowa. USGNN broke the story and several news organizations have mentioned it but no one has dared to step into the deeper meaning. Workers have been quoted saying they would come in and equipment would be gone from the floor. Where did that equipment go? Workers have been quoted saying they heard that they would be “moving”- what does that mean? Hmmmm. So much attention is being paid to Bank of America and their possible responsibility on this issue that the underlying issue here- the possibility of the plant being closed and the work moved somewhere else (Echo) is not being raised or at least covered.. enough.
As for the Bank of America angle, I’d love to debate how this is their fault? Yes they got a bailout and many angles of said bail out infuriate me (more on that below). But there really seems to be a lot more to this story than what is being said. It’s a “Sexy” news story right now… an old fashioned “sit in” complete with politicians (including ones now in deep trouble like the Gov of Illinois) and the holiday angle with the mean old big bank as the bad guy. (Heck you expect Mr Potter from It’s a Wonderful Life to make an appearance) Eventually this will hash out and I believe more info will come out and that will be very interesting.
-- Speaking of the bailout… where I get mad… CitiBank gets a bailout and is in deep trouble yet somehow can still pay the New York Mets 20 million a year for the naming rights to their new stadium. To me that is freakin disgusting. Or how about our friends at AIG getting millions in bonus money? WHY? My gosh some things make no sense.
-- I got this from Jim K in Texas- a LINK to the actual bailout form. This is probably it given the looseness that this program is showing. Pretty comical.
-- Slow. That is the word I am hearing a ton right now. Whether it’s the folks in our industry or outside of it- so many people are slower than they’d like. But the real interesting comment was how it happened. I’ve heard many different versions but basically the comment has been:
“Everything was going fine and the BAM it just stopped. I have never gone from busy to slow so fast”
Just got to ride the storm out but as been noted here before the herd will be getting thinner for sure.
-- Saw a blurb from Ron McCann of Viracon online that was spot on. He basically said that he’d love to see the industry work on trying to cut out the supply of non coated glass and push people to the solar control stuff. AMEN! Ron is one of the more talented folks that work our industry and his comments hopefully will get people talking again. That issue has been one that several people including myself and Paul Bieber have been yapping about. See while the DOE and Marc LaFrance sleep soundly at the wheel, the push should’ve been on promoting solar control instead of trying to empower a money hungry group like the NFRC to create a “Titanic” of an un-needed police action. Maybe if the DOE would include people like Ron in discussions instead of listening to the know-nothings that they currently listen to we’d have a good start.
Off to the LINKS!
-- Yet another surcharge… this one is a classic and one that I would never, ever have to pay… it’s a charge for leftover food!
-- I have always wanted to put ads on the inside of IG units… but never thought there was an audience. Anyway the Link Chick found this one where a teacher is putting ads on his tests!
Yep the poor White House is really struggling- they just sent out Chanukah invitations with Christmas wreaths and pictures all over it. Yikes.
Video of the Week
I am not a big fan of CNN’s Campbell Brown… but this commentary is pretty awesome. She rips the CEO of Merrill Lynch for asking for a bonus! Maybe she should take on CitiBank next.