Accounting & Investing Info for San Antonio A & M
Bally Fitness filed for Chapter 11 Bankruptcy today. this is another sign of
the credit crunch
consumers deciding they can do without some things
I was a member since my workout stuff is in Dallas. Nice facility but obviously a lot of overhead. hard to cut those leases and fixed overhead in a crunch, but the article is worth a read as how a company tries to cope.
I guess the people got tired of paying that membership they never use. I’m sure city parks are going to be packed with those who bailed from the membership. We paid taxes to create those parks, might as well use them.
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I guess people got tired of paying for that membership they never use. The public parks we pay taxes to create are finally going to be used if these people go there.
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People cutting their expenses? Sure i supose it is necessary for some people to cut their expenses if they are hurting due to the stress of our economic failure. A lot of people will find any excuse not to work out and if cutting out the gym will make them healthier so be it. Working out minimizes stress and keeps people healthy. Therefore, the % of people that go to the gym are less likely to go the doctor. So if these people are thinking they are minimizing an expense, I really do hope they go to the park like mentioned before. If not they might find themselves at the doctor’s office instead. (PAYING MORE)
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Jackie of course is correct but working out and personal fitness are hallmarks of a bull market, lack of interestin fitness and working out and health in general are bear market signs, today only three people dressed up for presentations in one of my classes, anecdotal, maybe but there are the numbers
The trend now is to not tuck in your shirt, not to comb your hair, mohawks and wildly colored hair, the punk look is back, grunge look is in, neat is out, this is no coincidence.
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Professor Elam 
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