WASHINGTON, D.C. (The Adobo Chronicles) – Thousands of jewelry retailers are very upset at President Barack Obama’s announcement yesterday rejecting the Keystone Pipeline project that would have facilitated the flow of 800,000 barrels a day of carbon-heavy petroleum from Canada to the United States.
A spokesman for the jewelers told The Adobo Chronicles that Obama’s decision practically would kill the already struggling jewelry retail business.
Keystone is a pricing practice widely accepted in the jewelry business, and it has nothing to do with carbon imprints.
Keystone pricing = the wholesale cost of an item x 2
In other words, we are talking about a 100% markup on an item. If a jewelry retailer buys a gold ring for $100, then he or she will sell it for $200. This is the standard default method of many traditional jewelers.
Some higher-end or name-brand jewelers will go as far as charging was is called triple-keystone pricing. This is the wholesale cost of an item x 3 (hence triple markup).
It was only after The White House held a conference call with U.S. jewelry retailers that the group realized it was just a matter of misinformation and miscommunication.
So the 100% and 200% mark-up continues. But now jewelry buyers fully understand why their favorite jewelry stores can offer discounts or sales of up to 50% off!
WASHINGTON, D.C. (The Adobo Chronicles® ) – In a move that surprised the journalism industry, The Washington Post today converted from a respected mainstream newspaper to a supermarket tabloid, as a way of coping with declining subscriptions and advertising revenue.
The Post now puts itself in direct competition with the popular tabloid National Enquirer, known for gossip columns, sensationalized ‘news’ stories and street journalism.
The Post’s maiden issue as a tabloid hit the news stands today with a headline story on the Oregon school mass shooting.
In its headline and front page story, The Post blamed President Obama for the school shooting and noted that there has not been a calendar week during the president’s second term that there wasn’t a mass shooting.
Sources close to The Post confirmed that the newspaper has received new major funding from the National Rifle Association and other lobby groups that roam Capitol Hill.
The Adobo Chronicles®) – As Barack Obama was speaking at a White House event honoring LGBT Pride Month on Wednesday, a heckler started yelling at the President.
WASHINGTON, D.C. (
The heckler was later identified as Jennicet Gutiérrez, an undocumented transgender immigrant who was protesting deportations under the Obama administration. An immigration group claimed Gutiérrez was a founding member of Familia TQLM which advocates for LGBT immigrants who the group said are often excluded in the immigration debate.
Obama responded, “Listen, you’re in my house … it’s not respectful.”
The protester persisted and the president asked for the heckler to be removed from the East Room.
“As a general rule, I am just fine with a few hecklers,” Obama said. “But not when I am up in the house. My attitude is if you’re eating the hors d’oeuvres, you know what I’m saying? And drinking the booze? I know that’s right.”
The Adobo Chronicles® learned that the heckler was not cited nor charged, but was asked to pay the bill for the hors d’oeuvres and booze consumed as an invited White House guest.
You don’t bite the hand that feeds you. You just don’t!