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Astrology of Business: Bennigan’s Bankruptcy Filing

Wednesday, August 6th, 2008

August 6, 2008

The company that owns the Bennigan’s and Steak & Ale restaurant chains has filed for bankruptcy protection and will close its company-owned restaurants.

Bennigan’s and Steak & Ale are owned by S&A Restaurant Corp. . . Neither Bennigan’s nor the parent company’s affiliate, Metromedia Restaurant Group, returned calls for comment.

One news story chalked up this restaurant closing to the bad economy, saying that in general companies are having a difficult time borrowing money to restructure their debt, but the economy was not bad enough to close all these restaurants, just the company owned ones.

Locations owned by franchisees were not part of the bankruptcy filing and will not be shut down, said Larry Briski, president of the Bennigan’s Franchise Operator Association.

“They will be open today, tomorrow and months and years to come,” Briski said of the franchise locations.

What was especially egregious about the company closing 150 stores was the callous way it was handled. On the very day of the store closings:

Meanwhile, employees at what appeared to be a company-owned Bennigan’s in Plano, Texas, were greeted by a sign Tuesday on the front door reading “WE ARE CLOSED. THANK YOU.” Next door, a Steak & Ale [same company] sat empty in a deserted parking lot but there was no sign posted.

And:

Some managers and some employees say they were called in the middle of the night. People got the calls at the stores, others were called at 1:00 in the morning at their homes. No one expected it.

Displaced employees wiped away tears outside the Bennigan’s restaurant in Calumet City. They are among the thousands who lost their jobs when the restaurants closed.

“For them to tell us we don’t have a job or anything, that’s a hurtful thing, especially if you have kids,” said (a) former employee

And the reason for this bankruptcy

In the filing, the company indicated that it has up to 49 creditors and owes less than $50,000. It said it will have no funds left after administrative expenses are paid to repay its creditors

In corporate-ese they are saying that after they pay themselves, they don’t have enough money to pay their creditors. In other words, they weren’t making enough money.

Astrologically, it is easy enough to say that with Jupiter in Capricorn business failures will be on the increase. After all, Barabara Koval says in her book, Time & Money, of Jupiter in Capricorn:

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What Astrology Says About the Current Economy

Monday, March 3rd, 2008

March 3, 2008
Money_Wealth
George Bush in his press conference last Thursday announced that the United States is not in a recession. A slowdown maybe, but not a recession. With the stock market tumbling the next day over 2.5% someone forgot to tell the investors that. With Pluto opposing the planet of action Mars, Pluto loves to expose the seamy underside of things, after of course, it is done rolling around in it. One thing the Lord of the Underworld loves is a good roll in the muck.

Let us understand a couple things about our economy. The United States went off the gold standard in 1971. How then do we declare the value of our dollar? The value of the U. S. Dollar is declared by fiat. That means, it is what we say it is.

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The Part of Poverty

Sunday, November 4th, 2007

November 4, 2007
Money_Wealth
Venus rules your resources, the second house shows how you make your money, your eight house shows other peoples resources to which you have access, Jupiter, your luck. So with all this going for you, how is it that you have hard times?

Astrology is rich is with many traditions. One of these is called the Arabic Parts, mathematical calculations that indicate sensitive areas of your chart between planets. This is not to be confused with midpoints, which are the exact middle of one planet and another. How are they used? Astrology.com explains it like this:
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Time and Money, The Astrology of Wealth

Saturday, November 3rd, 2007

November 3, 2007
Book_Review.jpg
TimeandMoney.jpgTime and Money, by Barbara Koval
Llewylln Publications, 1991

Since childhood, you are told that if you work hard and are a good citizen of your community you will be rewarded with financial stability. People who lose their homes do it through financial imprudence. Poor people are poor because they make bad choices. In other words, people going through financial hard times have only themselves to blame. Though not the point of this book, Time and Money illustrates the utter foolishness of this view. With a combination of astrological techniques and sound economic history and theory, Barbara shows us the natural cycles of economic growth and recession and the reasons for it.

Barbara tells us what our economic leaders do not, that our money supply is an artifical construction, grossly inflated by the amount of credit that is put out by financial institutions. She explains how the economy works by controlling the money supply and why the flow of money is cyclic. Once you read this book you’ll understand why the rich get richer, while the poor get poorer.

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Payment Habits by Sun Sign

Tuesday, October 16th, 2007

October 16, 2007
GLYPH_HEADER3.jpg
As a press release, APACS, takes light-hearted look at consumer payment habits by star sign.

New online guide reveals:
-Capricorns are the most financially astute
-Scorpios are the sign of the debit card
-Taureans are fairly meticulous in their financial management

The guide, based on research among 2,000 UK consumers, shows interesting trends that distinguish the payment behaviour of the twelve signs of the zodiac.

Aries - financially consistent

Ariens are reasonably consistent when it comes to financial management. They do let themselves down when it comes to checking their bank and credit card statements, and should try to check them more thoroughly to spot anything unusual.

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Filty Lucre-Venus, How You Handle Money

Sunday, September 23rd, 2007

September 23, 2007
Planetsinaction.jpg

One of the personal planets, Venus in our natal charts indicates the things we love and how we handle money. To find the position of Venus in your chart, go here. A few quick questions, and you’ll have a handy list of the planets and the house cusps in their signs. Or you can go to Astrodienst to get a free copy of your chart.
 
Venus in Aries likes to spend their money. Their idea of fiscal responsiblity gives heart palpitations to their banker

Venus in Taurus loves to own land and to save money. They can’t enjoy their meat and potatoes if they don’t have something to talk to themselves about.

Venus in Gemini can’t find a hole big enough in their pocket to burn their cash.

Venus in Cancer keeps several bank accounts and tells no one about them.

Venus in Leo wears their assets on their sleeve, literally. Even the men like to wear gold bracelets. The saying “If you got it, flaunt it,� was invented by a Leo.

Venus in Virgo puts their money away and can give you a better accounting of it then their accountants. This is why they rarely hire one

Venus in Libra is so genteel, so kindly, that you feel bad when you ask for a loan. But don’t count on getting it.

Venus in Scorpio have a lot more than they show. However, you aren’t getting a loan from them either.

Venus in Sagittarius will give you the shirt off their backs. Its why you see them naked so often. However, they rarely mind.

Venus in Capricorn will make you work for everything they give you. Be it a boss or a mate they are watching what you are doing, constantly. These are the folks who invented the “honey do� list. Sorry Virgo, you invented the “honey don’t� list.

Venus in Aquarius has no money. They’ve given it to the whales. No, not to a whale conservation society, the whales. Don’t ask.

Venus in Pisces would give anything they had to you, if they could only find it.

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Show Me The Money

Tuesday, September 11th, 2007

September 11, 2007
Planetsinaction.jpg

One of the personal planets, Venus in our natal charts indicates the things we love and how we handle money. To find the position of Venus in your chart, go here. A few quick questions, and you’ll have a handy list of the planets and the house cusps in their signs. Or you can go to Astrodienst to get a free copy of your chart. 

Venus in Aries likes to spend their money. Their idea of fiscal responsiblity gives heart palpitations to their banker.
.
Venus in Taurus loves to own land and to save money. They can’t enjoy their meat and potatoes if they don’t have something to talk to themselves about.

Venus in Gemini can’t find a hole big enough in their pocket to burn their cash.

Venus in Cancer keeps several bank accounts and tells no one about them
.
Flashy Venus in Leo wears their assets on their sleeve, literally. Even the men like to wear gold bracelets The saying “If you got it, flaunt it,� was invented by a Leo.
.
Venus in Virgo puts their money away and can give you a better accounting of it then their accountants. This is why they rarely hire one
.
Venus in Libra is so genteel, so kindly, that you feel bad when you ask for a loan. But don’t count on getting it
.
Venus in Scorpio have a lot more than they show. However, you aren’t getting a loan from them either.

Venus in Sagittarius will give you the shirt off their backs. Its why you see them naked so often. However, they rarely mind.

Venus in Capricorn will make you work for everything they give you. Be it a boss or a mate they are watching what you are doing, constantly. These are the folks who invented the “honey do� list. Sorry Virgo, you invented the “honey don’t� list.

Venus in Aquarius has no money. They’ve given it to the whales. No, not to a whale conservation society, the whales. Don’t ask
.
Venus in Pisces would give anything they had to you, if they could only find it.

, , , ,

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