I have noticed a growing number of mainstream news articles praising corporations for “spreading the wealth” by donating food to the underemployed. You need to really pay attention to those articles because it’s not actually the ‘corporations’ that are doing the donating! Most of those food donations are being done by the EMPLOYEES of the corporations, or even by the general public when an employee of a specific corporation goes out asking for donations. Stop praising the elites who’ve caused our economic downfall!
California: In Carlsbad, after 27 years the Armenian Cafe shutdown by a property developer who wants to build a hotel. More proof the internet is also getting hit hard by the bad economy; San Francisco based music streamer Rdio issued a shutdown WARN, 123 people out of a job right after Xmas! In Bakersfield, Construction Specialty Service laying off 61 employees in January 2016, blaming the oil industry. Grocery store operator Albertsons-Safeway laying off another seven people in Pleasanton by the end of January 2016. Redwood City based Oracle Corporation announced it will eliminate 150 jobs in Germany as part of a plan to consolidate IT jobs to Romania! Since 2002, Oracle has eliminated about 1-thousand 3-hundred jobs in North America and Europe!
Georgia: The Bank of Georgia failed and was seized by the FDIC. Assets turned over to Fidelity Bank.
Idaho: State government created (by current gov’na Butch Otter) non-profit Buy Idaho revealed to be Big Fail after 29 years! Back in October they held their 29th statewide trade show in Boise, but just recently released the attendance data; a whopping 20 Idaho businesses showed up with just over 170 people in attendance (wu-who!!!). Hey why don’t you Buy Me a Job, gov’na of Idaho, then maybe I could afford to spend 100-bucks on your ‘Idaho businesses’!
School District 151 is now suddenly short $15-million USD after convincing taxpayers to issue new bonds! District administrators blame an architect from the School District 25 area for grossly under-budgeting new construction projects! That architect admitted as much adding that “I feel sick.”
This’ll make you sick, in the Twin Falls area a ranch hand was arrested for stealing elk sperm! He was paid $3-thousand USD by a competing elk ranch to steal the sperm! A sure sign the economy in Idaho is in desperate straights.
The U.S. Bureau of Labor Statistics claims The Gem State’s new jobs grew by 3.8% from October 2014 to October 2015, but, as I pointed out in a previous posting the American Staffing Association says the majority of Idaho’s new jobs are part time and temporary only.
Indiana: In Terre Haute, God refuses to stop the shutdown of ‘his’ John Paul II Catholic High School. The school was opened in 2000 and cannot generate enough cash to continue operating. (so money is the true god?)
Iowa: In Norwalk, after 28 years grocery store Scott’s Food shutting down in January 2016, the owner blames competition.
Minnesota: Red Wing Pottery shutting down the day before Xmas. The current owners bought the store in 2013 and say the local community has hit them with hostility and violence ever since, the store has been vandalized several times.
Missouri: In Florissant, after 30 years Bridal Connections shutdown, the owner sounded schizophrenic: “Just listen to your inner voices. That’s my best piece of advice.”-Nancy Wisneski
Ohio: Yet another jewelry store going down. In Springfield, Ridgewood Jewelers shutting down right before Xmas. The owner said it’ll be the first time in years that he’ll have Xmas day off.
Tennessee: Community Health Alliance being forced by state ObamaCare administrators to stop issuing health insurance, 148 jobs lost this month! ProNova Solutions eliminating 2-hundred jobs at their new Blout County facility! They blame construction delays caused by government permits. Rocore shutting down their Forks of the River Industrial Park ops after Xmas, at least 50 jobs lost. Also in December, The Great Smoky Mountain Lumberjack Feud shutting down, 115 jobs lost!
Vermont: Waterbury based coffee roaster Keurig Green Mountain lived up to its forecasting and saw a 14% drop in sales. They’re preparing to conduct more layoffs despite already eliminating 2-hundred jobs!
Washington: Hometown National Bank failed and was seized by the FDIC. Assets turned over to Twin City Bank.
24-25 November 2015: “Essentially, we’re kicking ourselves out.”
WARN=Worker Adjustment & Retraining Notification
Former employees who receive severance are not counted as unemployed
The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”