What housing sector recovery? Mortgage insurer, Alabama based Triad Guaranty, now bankrupt. Company CEO William T. Ratliff III blamed “Continued high unemployment in the U.S. and the slow economic recovery.” And after 49 years of business the privately run Sequoyah Caverns and Ellis Homestead shut down. The owner claims the number of visitors has crashed due to high fuel prices, despite the natural wonder being rated as the number one place to visit in the Heart of Dixie. On top of declining tourism, the family owners lease the caves to tourism companies and apparently they’re not happy with the way they’re running the operation.
The social gaming company, Zynga, shut down offices in New York, California and Texas. 520 people out-o-work! company officials say they need to save $80 million USD!
And a mobile ad company, TapJoy, laid off 20 people.
In Texas, the Vineyards Restaurant closed in Garden Ridge. And a 20 years old Sigel’s liquor store closed down in Dallas. A spokesman for the store blamed major construction projects by property developers: “I think it’s a situation where the neighborhood is in transition. We’ve had this store for 20 years. They’re tearing down a lot of the older apartments and building new ones, and I think the owner of the center is going to redevelop as well.”-Jasper Russo
Florida based plastic RFID trackable pallet maker, iGPS, now bankrupt. The company is now for sale. Brooksie’s Market closed in Seminole Heights, the property is now for sale.
In North Carolina, clothing maker Mortex shutting down its Princeton factory. More than 100 people laid off! Mortex makes clothes for several big name brands.
Yet another Office Depot closed in Virginia. And after 125 years of higher education, the Christian God can’t stop Saint Paul’s College from closing down! School officials tried merging with another school, but it fell through. The closing is blamed on declining student enrollment. School officials hope to reopen if the right “strategic opportunity” comes along.
In Georgia, Triumph Packaging ended operations in Thomaston-Upson County. Up ’till now company officials were publicly saying they were doubling staffing, but rumors say Krispie Kremes Donuts pulled the rug by cancelling a major contract with the food packaging company.
Maxwell’s Grill closed in New Jersey. The joint hosted famous music bands, but business has crashed to the point that they can’t pay the rent. It’s possible the decline in business is related to NAZIistic local cops who’ve been harassing patrons (as documented by a local Fox TV news report).
The Indiana Blood Center laid off 45 employees. Company officials will also close three mobile blood centers, they blame it on a decrease in demand for blood.
In New York, the West Islip Public Schools laid off 20 more teachers.
The city of Norwich, Connecticut, laid off 17 employees. Last month they laid off 33 teachers. XPect Discounts closed their store in North Haven. 67 people unemployed. Company officials said they did not like the new rent agreement.
What oil industry boom? In Hawaii, Texas based Tesoro laid off 200 employees after they shut down and put up for sale their Kapolei refinery!
In Michigan, Detroit’s 96 years old Serman’s Clothes Shop shut down. The owner blames the economy and the relaxed dress standards, despite the fact the clothing shop dressed up every Detroit mayor in the past 50 years. The Grand Rapids Public Schools laid off 70 employees. School officials blame it on a decline in enrollment of 700 students!
After one year of operations, Thrifty Tickets thrift shop closed down in Wisconsin. The owner claims they’re moving to a new location, if the rent is doable.
In Illinois, 206 people out-o-work with Crownline Boats in West Frankfort. company officials actually blame climate change on a decline in sales! If water levels are rising wouldn’t that help increase boat sales?
In Clinton, Iowa, OfficeMax closed down. 16 people unemployed. OfficeMax is closing several stores in the U.S. this year.
The Christian God can’t stop 16 layoffs at the Parkview Adventist Medical Center in Brunswick, Maine. It’s blamed on the state government not paying for Medicare/Medicaid services!
In Oregon, Wynona Studios knitting shop shut down. In Eugene, Roberts Media has bought KMTR, yet the TV station will be operated by evil Fisher Communications, with reports of layoffs in the works.
Evil hedge fund SAC Capital Advisors forced to layoff evil employees due to a drop in investors, due to SAC’s insider trading scandal.