Category Archives: Business/Economics

Business/Economics, International, U.S.

The United States is a Failed State: Another 1.18 million citizens have left the U.S.! Don’t blame new tax rules! Where are they all going?

11 August 2013 (00:28 UTC-07 Tango)/04 Shawwal 1434/20 Mordad 1391/05 Geng-Shen (7th month) 4711

According to the U.S. Department of State, 6.38 million U.S. citizens are now living outside the United States!  That’s 1.18 million more than what the State Department reported in 2012!  (that does not include government or military personnel)

But wait, the 6.38 million figure is what the U.S. State Department compiled for 2011! You see, the data the State Department just released is two years old!  I could almost guarantee the actual number of U.S. citizens leaving the country is higher.

Already 1810 have renounced their U.S. citizenship, just in the first half of 2013, that’s record breaking!

Since 2008 the numbers of U.S. citizens rejecting their citizenship has only gone up.  These approximate numbers are compiled from the quarterly list of names provided by the Internal Revenue Service.

2008: 235

2009: 743

2010: 1500

2011: 1788

2012: 747

First six months of 2013: 1810

The exodus has got government leaders so riled up that they’ve passed tax laws (like FATCA & FBAR) that essentially makes anyone who leaves the United States a tax evading terrorist.

But you can’t blame the new taxes because expatriates are already required to pay U.S. taxes even though they live in another country: “The U.S. is the only developed nation in the world that taxes its citizens on income they earn abroad.“-William McGurn, Wall Street Journal

The new tax laws require foreign banks to report accounts of U.S. citizens to the U.S. government.  FACTA also require foreign banks to steal up to 30% of U.S. payments to U.S. citizen’s bank accounts! Banks in Germany and Canada are complaining that the laws are too complicated, and will cost them money to comply with.

U.S. expats living abroad, yet paying U.S. taxes with little or no representation.  Isn’t that what the U.S. Revolution of 1776 was all about?

Where are all those U.S. citizens fleeing to?  According to the recently released State Department data (from 2011) the favorite place is still the Western Hemisphere (Canada, Latin America, Caribbean).  Two million 591 thousand U.S. citizens fled north or south of the border.  By the way, this year former USN SEAL, former movie star and former governor of Minnesota, Jesse Ventura, revealed that he moved his family to Mexico.  Don’t blame U.S. taxes, in an interview with controversial Alex Jones, Ventura basically said the sheeple of the U.S. are a bunch of panty wastes who don’t have the guts to fight their repressive elitist British empire/Israeli zionist controlled government!

Europe is the next favorite escape destination, at one million 612 thousand.  But for those who move to Europe you can not blame it on trying to avoid U.S. taxes, because the tax rates in Europe are outrageous! How ’bout that waffling Republican Michele Bachmann? First she’s a U.S. citizen, then she becomes a Swiss citizen in 2012, then changes her mind!  In 2012, Grammy-nominated songwriter Denise Rich renounced U.S. citizenship after moving to United Kingdom.  Also, in January 2013 ‘merican pop music star Tina Turner renounced her U.S. citizenship and became a Swiss citizen.  Tina Turner said she can’t bring herself to call the U.S. ‘home’ anymore: “I’m very happy in Switzerland and I feel at home here. I cannot imagine a better place to live.”

Next is the Near East (aka Middle East, North Africa) at 870 thousand.  That’s right, U.S. citizens are moving to countries considered to support terrorism!

East Asia and Pacific countries have seen 864 thousand U.S. citizens move in.  In 2012 Facebook co-founder, Eduardo Saverin, renounced his U.S. citizenship and now calls Singapore his home.  In his case taxes might be the motivating factor.  Athlete Quincy Davis renounced U.S. citizenship in June 2013.  He now plays basketball for Taiwan.

212 thousand U.S. citizens moved into South Central Asian countries (Afghanistan anyone?).

And African countries saw 171 thousand U.S. citizens take up residence.

Remember, these are 2011 State Department numbers.

Business/Economics, Technology, U.S.

Martial law U.S.A.: Think your smartphone data is secure? Silent Circle erases customer data due to fear of the NSA!

10 August 2013 (15:46 UTC-07 Tango)/03 Shawwal 1434/19 Mordad 1391/04 Geng-Shen (7th month) 4711

The following was posted by Silent Circle:

To Our Customers

We designed our phone, video, and text services (Silent Phone and Silent Text) to be completely end-to-end secure with all cryptography done on the clients and our exposure to your data to be nil. The reasons are obvious — the less of your information we have, the better it is for you and for us.

Silent Mail has thus always been something of a quandary for us. Email that uses standard Internet protocols cannot have the same security guarantees that real-time communications has. There are far too many leaks of information and metadata intrinsically in the email protocols themselves. Email as we know it with SMTP, POP3, and IMAP cannot be secure.

And yet, many people wanted it. Silent Mail has similar security guarantees to other secure email systems, and with full disclosure, we thought it would be valuable.

However, we have reconsidered this position. We’ve been thinking about this for some time, whether it was a good idea at all. Today, another secure email provider, Lavabit, shut down their system lest they “be complicit in crimes against the American people.” We see the writing the wall, and we have decided that it is best for us to shut down Silent Mail now. We have not received subpoenas, warrants, security letters, or anything else by any government, and this is why we are acting now.

We’ve been debating this for weeks, and had changes planned starting next Monday. We’d considered phasing the service out, continuing service for existing customers, and a variety of other things up until today. It is always better to be safe than sorry, and with your safety we decided that the worst decision is always no decision.

Silent Phone and Silent Text, along with their cousin Silent Eyes are end-to-end secure. We don’t have the encrypted data and we don’t collect metadata about your conversations. They’re continuing as they have been. We are still working on innovative ways to do truly secure communications. Silent Mail was a good idea at the time, and that time is past.

We apologize for any inconvenience, and hope you understand that if we dithered, it could be more inconvenient.

Business/Economics, Technology, U.S.

Martial Law U.S.A.: Think your secure email is secure? Lavabit shut down for refusing to comply with NSA!

10 August 2013 (15:34 UTC-07 Tango)/03 Shawwal 1434/19 Mordad 1391/04 Geng-Shen (7th month) 4711

The following was posted by the operator of a secure email service that was bullied by the U.S. government:

My Fellow Users,

I have been forced to make a difficult decision: to become complicit in crimes against the American people or walk away from nearly ten years of hard work by shutting down Lavabit. After significant soul searching, I have decided to suspend operations. I wish that I could legally share with you the events that led to my decision. I cannot. I feel you deserve to know what’s going on–the first amendment is supposed to guarantee me the freedom to speak out in situations like this. Unfortunately, Congress has passed laws that say otherwise. As things currently stand, I cannot share my experiences over the last six weeks, even though I have twice made the appropriate requests.

What’s going to happen now? We’ve already started preparing the paperwork needed to continue to fight for the Constitution in the Fourth Circuit Court of Appeals. A favorable decision would allow me resurrect Lavabit as an American company.

This experience has taught me one very important lesson: without congressional action or a strong judicial precedent, I would _strongly_ recommend against anyone trusting their private data to a company with physical ties to the United States.

Sincerely,
Ladar Levison
Owner and Operator, Lavabit LLC

Defending the constitution is expensive! Help us by donating to the Lavabit Legal Defense Fund here.

Business/Economics, U.S.

World War 3, U.S. Economic Front: Job losses & store closings 09-10 June 2013. Bad economy kills 100 years old non-profit!

What automotive industry recovery? Georgia based lead acid battery maker, Exide, bankrupt. Company officials blame higher production costs, increased competition and a crashing market in Europe.

Texas based National Envelope (aka NE Opco) went through on their threat of bankruptcy.  They blame crashing envelope sales on electronic communications.  In Dallas, the 100 years old non-profit, Camp Fire Lone Star, shut down operations!  It’s blamed on increased competition for decreasing donations, due to the bad economy.

In Pennsylvania, the Allentown School District laid off 99 teachers, with the goal of eliminating 132 teaching positions!  It’s blamed on reduced state and federal funding.  In Philadelphia, Boeing laid off 41 employees. Company officials say it’s necessary to remain competitive.  Bethlehem’s Supermercado Mi Terra grocery store closed after 55 years of business.  It’s being replaced with a C-Town grocery store.  And the Home and Planet home decor store shut down.  The owner said he has to sell the building.

The Hummel Gift Shop closed in Ohio.  The owners retired.  Bradley Caldwell closing their distribution center in August. 81 people out-o-work.

In Minnesota, Nordic Home Interiors shut down their retail operation.  They will focus on internet sales.

Su Casa II Mexican Grill shut down in Wisconsin.  The owners blame skyrocketing increases in all costs, the final straw being a new lease.

Schwan Foods shut down their distribution centers in Oakes, North Dakota, and Faulkton, South Dakota.  The mayors of the two towns complained that the closings will greatly impact their small towns.  The door to door food service is consolidating distribution into a new $1 million USD center in Aberdeen, South Dakota.

In Washington, after failed attempts to sell it off, the owners of Junction Bakery and Café gave up.

In California, the only medical supply store in Lompoc, Valley Medical, shut down.  Management referred local news media to corporate HQ for details of the closing, but corporate officials are apparently ignoring inquiries.  Local news media say 4000 elderly will be affected by the closing.

The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shut down.

Business/Economics, Idaho

Employee owned WinCo is the new business model of the 21st Century!

10 August 2013 (19:51 UTC-07 Tango 09 August 2013)/03 Shawwal 1434/19 Mordad 1391/04 Geng-Shen (7th month) 4711

“WinCo arguably may be the best retailer in the Western U.S……WinCo is really unstoppable….They’re Walmart’s worst nightmare!”-Burt Flickinger III, New York based retail analyst

The Idaho Statesman published an article showing that employee owned WinCo is being used as a prime example of what large U.S. businesses need to be like to survive and excel in the 21st century (Gregorian calendar system).

The article gives a good explanation why Idaho based employee owned WinCo is exploding in growth.

By the way, why does the main stream media always add a dash between Wal and mart? There’s no dash between Wal and mart, and mart is not capitalized. It’s Walmart.  I hates Walmart, but at least I spells it correctly.  Actually here’s the history: From 1962-64 there was no dash.  From 1964-92 there was a dash.  From 1992-2008 there was a star.  Since 2008 Walmart has gone back to no dash or star upon thars (but there’s like an astric following Walmart*).

WinCo expansion delays caused by Arizona aesthetics cops! 

Business/Economics, U.S.

Government Evil: Obama gives bogus reasons for privatizing Fannie Mae, Freddie Mac! Obama forgets his Senate voting record!

07 August 2013 (12:20 UTC-07 Tango)/30 Ramadan 1434/16 Mordad 1391/01 Geng-Shen (7th month) 4711

“For too long, these companies were allowed to make big profits buying mortgages, knowing that if their bets went bad, taxpayers would be left holding the bag.”-Barack Obama, misleading a group of 2000 people in Arizona

What’s wrong with the above statement?  It suggests that Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) were bailed out by taxpayers because they’re pseudo-governmental agencies, and if Fannie Mae and Freddie Mac were fully privatize, taxpayers would be spared.  But wait, what about all those fully privatized banks that got bailed out by taxpayers?

Did you forget Bears Stearn?  That fully privatized company got bailed out by the government when it got into trouble with its mortgage securities, then sold to JP Morgan.

Did you forget Goldman Sachs?  That fully privatized company got ‘bailed out’ by the government’s TARP in 2008, even though the company reported big profits from mortgages in 2007!

Did you forget Citigroup?  This fully privatized company got into trouble with the subprime mortgage crisis (by the way, the crisis was created by the banks themselves) and ended up getting bailed out by the government!

Did you forget the Emergency Economic Stabilization Act of 2008, meant to bail out fully privatized banks due to the mortgage crisis?  Obama voted for it as a Senator!

Did you forget AIG?  Barack Obama, himself, voted for a taxpayer bailout of the fully privatized company as a Senator, even though he knew the company was ripping people off: “How do they justify this outrage to the taxpayers who are keeping the company afloat?” 

Did you forget Bank of America (BoA)?  This fully privatized company got $25 billion in TARP bail out money in 2008, and another $20 billion in TARP money in January 2009, then another $5.2 billion in March 2009!   The last government bail out was snuck through AIG to BoA.  In 2010, BoA agreed to pay a $137 million fine for defrauding schools, hospitals, and dozens of state and local government organizations.  In 2012, BoA was accused of running a scam called Hustle or High Speed Swim Lane.  The scam cost U.S. taxpayers more than $1 billion because BoA sold fraudulent mortgages to Fannie Mae and Freddie Mac!  Arizona‘s attorney general says BoA “repeatedly has deceived” mortgagors!   August 2013, U.S. Justice Department and the U.S. Securities and Exchange Commission accuse BoA of investor fraud in the sale of $850 million of residential mortgage backed securities!

And Obama wants to sell off Fannie Mae and Freddie Mac, because he thinks they’re a threat to taxpayers?!

By the way, Freddie Mac just posted a $5 billion profit for its second quarter this year!

Oh, the other bogus reason Obama gave is that the housing market has recovered.  Wrong!  He stated that home prices are going up. Correct.  Several surveys show that home prices are up because of house flippers.  That’s a cutesie phrase for home speculators.  They buy up a house with the expectation that they can sell six months to a couple of years later at a profit.  That is not a sign of a true housing recovery.  When you get a big increase in families buying homes to live in for 20+ years, that’s a sign of recovery, and that is not happening.  (in fact many families trying to buy homes are reporting being out bid by house flippers)

Business/Economics, Idaho, U.S.

Idaho Falls company needs your support to bring Pocatello’s Hoku polysilicon factory back from the dead!

07 August 2013/30 Ramadan 1434/16 Mordad 1391/01 Geng-Shen (7th month) 4711

The following was sent to me by the President of Arco Hills Silica Company:

I am a participant in a company that is considering strongly to purchase the Hoku Property and Plant for the purpose of continuing the operation of the plant (with some major improvements-the real problem with this plant is that because of poor management the plant was not competitive ($40.00 plus per kilo). This plant can be modified and placed into production where it would be making a profit at $20.00 per kilo. There are major changes that need to be done, but with the completion of our funding, those changes can and will be done, thereby saving 200 jobs in the Pocatello area and by additional features and similar industries that are willing to come to Idaho to gain access to the Silica and Silica-related products that would add several hundred other new jobs to the community. This will also bring back some major manufacturing that in the past was shipped to China an other third-world nations because of cheap labor. The real problem was that the United State Business Leaders forgot how important it is for this country to maintain a “manufacturing base” here in the United States by being creative and competitive by using technology to compete. Instead to earn the “quick buck” from the benefit of cheap labor, the majority of companies sold their souls (and all their technology secrets) to China and other countries that offered cheap labor. I am convinced we can be friends with China and can still be competitive. That is why our company, Arco Hills Silica Company (an Idaho Mining Company that owns deposits of over 20 billion tons of some of the purest silica in the world) is joining with Francis Kreais of JCF Funding from Henderson, Nevada (702) 994-1102 to attempt to prevent the Hoku factory from being sold to be dismantled and scrapped by it prior operating company. We know what has to be done to decrease the costs to make Hoku competitive and are presently seeking to make an offer to the Bankruptcy Court to pursue that opportunity. IF THERE ARE OTHERS OUT THERE WHO BELIEVE THAT THE UNITED STATES NEEDS TO RETURN TO BEING A MANUFACTURING COUNTRY WHO USES TECHNOLOGY TO COMBAT CHEAP THIRD WORLD COMPANY’S CHEAP LABOR, AND IS WILL[ing] TO SUPPORT AND ASSIST IN THIS CAUSE, PLEASE FEEL FREE TO CONTACT ME OR FRANCIS KREAIS OF JCF FUNDING ([email protected]) AND LET’S GET OUR HEADS OUT OF OUR ” ***** ” AND START MAKING THE UNITED STATES OF AMERICA WHAT IS SHOULD AND COULD BE WITH A STRONG TECHNOLOGICALLY ADVANCED COMPETITIVE MANUFACTURING BASE.[!]

‘THANKS FOR LETTING ME “SPEAK MY PIECE” AND AT LEAST MAKE A RALLYING CRY TO ATTEMPT TO SAVE A NATION THAT OUR CONGRESS AND PRESIDENT HAVE GIVEN UP ON.”

SINCERELY,
GORDON W. JENKINS, PRESIDENT
ARCO HILLS SILICA COMPANY
TELEPHONE; (208) 589-6503
Email: [email protected]

Business/Economics, U.S.

World War 3, U.S. Economic Front: Job losses & store closings 06 June 2013. No more ice cream in Indy? More health care & school cuts!

400 people lost their call center jobs in Albion, New York!  Too Big Too Jail JPMorgan Chase is to blame!  The Lake Avenue Kodak Plant will layoff 61 employees in August. It’s blamed on crashing photography sales.  In Johnson City, the Christian God can’t stop the closing of the Methodist Grand Care Children’s Center.  United Methodist Homes says they can only afford to focus on their old folks operations. The Food Emporium closed in New York City, 136 jobs lost!

Virginia based life insurance company, Genworth Financial, laying off 400 employees across the U.S.!   Company officials say they need to cut $90 million USD from their yearly budget.

An update to Caterpillar’s massive layoffs in Illinois.  Reports say another 300 layoffs will take place in addition to the 460 announced in April!  To add insult, reports say company officials are having the laid off workers escorted from the factory.

In Iowa, John Deere laid off 65 workers.  The farm, forestry and heavy equipment machinery maker blames it on a bad economy, sales were worse than they expected.

Dollar Rent A Car and Thrifty Car Rental laying off at least 200 employees at their Dollar Thrifty Automotive Group HQ in Oklahoma!  New Jersey based Hertz car rental bought out Dollar Thrifty and is moving their HQ to Florida.

The Christian God can’t stop the closing of the 142 years old First Christian Church in Aurora, Missouri.  It’s blamed on declining membership, only about 20 people were showing up.

The Christian God can’t stop 12 layoffs at Arkansas Baptist College.  It’s blamed on low summer school student enrollment.

In Michigan, Buena Vista School District will layoff at least two teachers.  It’s blamed on declining enrollment.  It was reported that the Bueva Vista high School has only 68 students. More layoffs were hinted at.

The Monadnock Regional School District, in New Hampshire, laying off or eliminating 19 jobs for the upcoming school year.

Virginia based Inova Health Systems laid off 147 people throughout their hospital network.  Inova is considered one the most financially sound hospital systems in the U.S. Hospital officials are preparing for loses next year due to the Obama/Romney Affordable Health Care Act.

Wellmont Health Systems laid off 50 employees at their hospitals in Virginia.  Hospital officials expect to lose $25 million next year, no thanks to the Obama/Romney Affordable Health Care Act.

In Louisiana, health care staffer Schumacher Group laid off 32 employees.  This after laying off 41 employees in May.  Company officials blamed in on changes to Medicare/Medicaid due to the Obama/Romney Affordable Health Care Act.

In Wisconsin, the Christian God can’t stop Saint Joseph’s Hospital from  closing its drug and alcohol addiction treatment center.  40 employees affected.  It’s blamed on changes to Medicare/Medicaid due to the Obama/Romney Affordable Health Care Act.  Student Transportation of America closed down in Waukesha, 155 people out-o-work!

In California, another drug maker screws up.  San Diego’s Zogenix laid off 55 employees.  The FDA has delayed their ruling on the company’s new pain killing drug.  In Thousand Palms, the Father’s Charter Heart School closed due to losing its charter.  The Modern Romance Boutique closed in Aliso Viejo.  It’s reported that the landlord jacked up the rent, claiming the economy had recovered!  The Palms Bar lesbian club shut down in West Hollywood.  The new owners are redeveloping the property.

In Indiana, ice cream maker Good Humor-Breyers ending its operations in Huntington.  Company officials say they want to move production elsewhere.  140 employees affected!  City officials point out they gave the industrial sized ice cream company a $6 million tax abatement four years ago!

The 30 years old Rittenhouse Square Fitness Club closed down in Pennsylvania.  And RevivalSmith vintage furniture shop closed down as well.  The owners didn’t say why.

VTL Group laid off 12 people in Ladson, South Carolina.

In central Florida, Hancock Bank closing its last offices in August. Evil Hancock Holdings has been closing banks across the southeastern U.S. Pierce Manufacturing laid off 33 people in Bradenton. Settlement Funding laid off 98 people in Boynton Beach.

In Hawaii, the Honolulu Advertiser shut down.  It merged with another newspaper.  400 people unemployed!

The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shut down.

Business/Economics, U.S.

World War 3, U.S. Economic Front: Job losses & store closings 05 June 2013. Thousands more in health care and pharmaceuticals laid off! No more dog food? California hit hard again!

In South Carolina, two coal fired electric power plants will be closed, four years ahead of schedule!  Originally SCE&G was going to convert them to natural gas.  At least 70 people unemployed.

Delta Airlines closes its Memphis, Tennessee, hub.  230 unemployed!  Delta officials say it is due to reduced sales and increased fuel prices, they swear it’s not because of their merger with Northwest Airlines.

Florida based trucking company Ryder Logistics laying off 60 employees.  The company is closing its Roanoke, Texas office.  According to stock analysts the company is doing well.  The Ryder Career Center’s slogan is “The road to the future starts here.”  I guess the future ends in unemployment.

Endo Health Solutions ending jobs for 700 people!  It’s blamed on the failure of the drug maker’s latest poison.  The U.S. FDA denied approval of its testosterone injection.  The company also blames expiring patents which allow generic versions of its drugs to be made.  Company officials say as a result they need to cut $325 million USD from their yearly budget.

In California, another drug maker is in trouble with the FDA.  Officials with Impax say they have to layoff at least 110 employees!   Impax makes generic versions of name brand drugs. They recently tried to get FDA approval for their Parkinson’s drug, but failed.  The FDA has inspected the Hayward, California, factory several times, noting violations each time. the company now needs to cut $15 million from its budget.  In San Diego, Palomar Health laid off 84 hospital workers.  They blame cuts to Medicaid/Medicare caused by the Obama/Romney Affordable Health Care Act.  Also, Actavis (formerly Watson Pharmaceuticals) laid off 17 employees in Corona.  In Los Angeles, Deluxe Laboratories laid off 79 people. Massachusetts based Caliper Life Sciences laid off 47 people in Mountain View.  In Poway, Sysco Foodservice San Diego laid off 70 employees. In Walnut, Sysco Foodservice Los Angeles laid off 100 people!  And Medical Billing Technologies laid off 48 employees in Visalia.

A drug maker in Massachusetts in trouble as well.  AVEO Oncology laying off 140 employees!  Company officials say they underestimated how much ‘restructuring’ they were going to have to do.  They say they underestimated by at least $190 million!

And the Christian God can’t stop 150 people from losing their jobs with Sacred Heart Health System in Florida!  Hospital officials blame it on Obama: “….facing daunting challenges because of a decline in revenues caused by government cuts in Medicare and Medicaid reimbursement.”

In New York, ProHEALTH closing its North Massapequa location in August.  24 people unemployed.  I couldn’t find any published reason for it, but they’ve been cutting back on operations and laying people off in several other states prior to this announcement.

121 people losing their jobs when the Mars Petcare closes its pet food factory in Joplin, Missouri, in September!  Mars Petcare is also closing a factory in Pueblo, Colorado. 40 people unemployed.  Back in 1992 the city of Pueblo essentially gave Mars Petcare $1.6 million to move to town.   Company officials blame it on crashing pet food sales.

In Michigan, the Flint School District announced they will have to layoff even more people.  75 more positions will possibly be eliminated, on top of the 138 announced in May!  And the Midway Roller Rink in Battle Creek closed after 57 years of family fun.  Reports say the owners had to sell out to a local property developer, who is going to tear it down.

After 60 years of operations the privately run Joytime Preschool closed in Lake Forest, Illinois.  The owners said the time was right to retire. In Rantoul, Deena’s women’s clothing store shut down.  It was the town’s oldest store.  The owner blamed it on the casual style trend.

Ivy Tech Community College ending operations at 20 of their Indiana facilities!  The school has $68 million in debt!  School officials do not blame it on declining enrollment, in fact they say enrollment is up, but the state has not come through on the funding to match the increased enrollment!

In Louisiana, eight Whitney Bank offices being closed.  It’s part of evil Hancock Holdings’ closure of 40 bank offices across five states.

Marriott International laying off several hundred employees in Fredrick County, Maryland, by December!  Company officials said they are outsourcing the jobs!

Two people lost their administrative jobs with Historical Society of Western Virginia. It’s blamed on the bad economy which has caused a decline in membership and funding.  In May the Society lost 300 members!

Commercial Metals Company laying off at least 50 people at its Magnolia, Arkansas, steel mill.   Company officials blamed the bad economy: “…it is necessary to align our workforce with the lower current business level that we are experiencing.”-Steven Hughes

California based celebrity bridal gown designer Monique Lhuillier closed her shop in Edina, Minnesota.  The designer blames crashing sales of bridal gowns on the bad economy.

The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shut down.

 

Business/Economics, U.S.

World War 3, U.S. Economic Front: Job losses & store closings 03-04 June 2013. Krispie Kremes creams jobs in Georgia! NAZI cops kill New Jersey businesses! More companies say there is no economic recovery!

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.

The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shut down.