Category Archives: Business/Economics

“That’s a lot of people getting hurt!” Connecticut officially an economic Failed State? : U.S. Job Losses & Closings 26 February 2016

Incomplete list of job loss announcements and shutdowns.

Arkansas: Bentonville based Walmart eliminated an undisclosed number of HQ IT jobs, saying “…It’s something we’ve done before and will continue to do, just like any technology business.”  In other words, this round of layoffs were not part of their bigger plans to shutdown stores and eliminate thousands of jobs.

California: More proof you brick-n-mortar store owners can’t directly blame the internet/high tech for your demise; insurance software company Zenefits eliminated 250 jobs without warning, saying the bad economy is forcing them to “refocus”!  San Francisco based interactive entertainment company Kabam revealed how many jobs they are about to kill; at least 76 jobs lost by the end of March.  Boeing continues to issue mass layoff WARNs, this time 92 jobs across three cities gone by mid-April.  What automotive industry recovery? Affinia Brake Parts issued a new layoff WARN saying 111 people will lose their jobs at the Chowchilla factory, by mid-April!  That’s on top of the 43 jobs Affinia eliminated this month.  In Yountville, event eatery to the elites The Pavilion at The Vintage Estate issued a mass layoff WARN, 326 jobs lost by mid-April!  TGI Friday’s shutting down their Laguna Niguel restaurant, 51 jobs lost by the end of April.  New York based clothier BCBG Max Azria Group eliminating 71 jobs in Vernon, by the end of April.  It sounds like a shutdown, but the WARN listing says “layoff”.   In Hayward, Mallinckrodt Pharmaceuticals shutting down by the end of July, 43 jobs lost.  Right wing news media outlet Freedom Communications issued a mass layoff WARN for their Santa Ana operations, 969 jobs lost by the end of March!  Maslow Media issued layoff WARNs, 38 jobs across three cities lost by mid-April.

Connecticut: As I’ve written before crashing tax revenues are a sign of a depression. State tax collections are crashing and burning according to the state Office of Fiscal Analysis.  The current budget is now short $266-million USD, while the planned budget for next fiscal year is already short $900-million!  

Florida:  Basketball star Vince Carter shutting down his six years old Daytona Beach restaurant.  Employees found out on Wednesday that they’ll be unemployed tomorrow!

Illinois: American Coal revealed they’ve eliminated 101 jobs at their Galatia mine, last week!

Indiana: In Schererville, Sears Hardware shutting down in April.

Iowa: In line with recent warnings, farm vehicle maker Deere (John Deere) eliminating an additional 1-hundred jobs at factories in Davenport and Dubuque!   And in Dubuque, after five years Crust Italian Kitchen & Bar shutting down tomorrow, 30 jobs lost.  The owner said she was offered a better paying ‘regular’ job with a company in Chicago.  Donut King shutting down their West Des Moines store by mid-March, due to the greedy property owner selling out to a property developer.  Donut King hopes to find a new affordable location.

Maryland: In Reisterstown, after 40 years Ski Shoppe shutting down, the owner would only say they’re “going out of business”.

New Jersey: God powerless to stop ‘his’ Catholic Saint Francis Life Care from issuing a shutdown WARN for their Franciscan Oaks nursing home, 257 jobs lost by the end of April!   It’s been for sale since 2014.  God also powerless to stop ‘his’ Quaker Cadbury Senior Lifestyles from shutting down, 255 Cherry Hill nursing home jobs lost by the end of April!

Pennsylvania: In Olyphant, France based Technicolor eliminating 50 more jobs, on top of recent mass layoffs.  A production line was  halted without warning as well: “That’s a lot of people getting hurt! That’s something that no community whether it’s Olyphant or its surrounding communities wants to hear. A lot of people used to be employed there, thousands, and it was one of the biggest employers Olyphant ever had!”-Jerry Tully, city councilman

Texas: Lone Star Tubular Operations warning that low oil prices could cost all 677 employees their jobs, by the end of March!   

Illinois based heavy vehicle maker Caterpillar warning that it might end it’s semi-truck production before it even starts!  Caterpillar was about to start a new semi-truck factory in Victoria, but “…we determined there was not a sufficient market opportunity to justify the investment. We have not yet started truck production in Victoria, and this decision allows us to exit this business before the transition occurs.”  There are already 70 people working to gear up the Victoria factory, but they will become unemployed in March.  Plano based JCPenney is so desperate that they are about to sell off specific women’s clothing for only one cent (The Penny Sale, get it, a play on the name Penney. JCPenney stands of James Cash Penney)!  The sale will last through next week and is for JCPenney’s Arizona house brand. Administrators admitted they now realize many women are hurting for cash in this suck-ass economy.

WARN=Worker Adjustment & Retraining Notification

25 February 2016: “like phases of any loss, it’s shock and denial”

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.”

“shock and denial” Mo Mass Layoffs in California! Sears kills hundreds of office jobs! No more Kohl’s? : U.S. Job Losses & Closings 25 February 2016

Incomplete list of job loss announcements and shutdowns.

Arkansas: Boulevard Bread shutting down their River Market kiosk.

California: Once again British empire based, U.S. tax sucking, BAE Systems way late on issuing a mass layoff WARN.  This time they revealed they laid off 230 people in San Francisco, at the beginning of the month!  In Bakersfield, California Resources eliminating 74 oil industry jobs by mid-April.  In Vacaville, after 55 years Green Tee Golf Club shutting down, the operators blaming lack of money.  InCosta Mesa, after 55 years H.J. Garrett Furniture shutting down when the inventory is gone, the operators say they want to retire, but also blame declining sales and the now sky-high cost of living in California. What automotive industry recovery? UTi shutting down their automotive school in Long Beach, 64 jobs gone by April.  Southern California Edison eliminating 48 jobs in Rosemead, by April.  Pinecrest Schools finally revealed how many jobs will be lost by their mass shutdown of campuses;  176 by June! More proof you brick-n-mortar store owners can’t directly blame the internet/high tech for your demise; Palo Alto based Hewlett Packard (HP) revealed they eliminated 74 HQ jobs back in January.  Mountain View based software company Symantec laid off six people at the beginning of this month.  Also in Mountain View, TangoMe eliminating 53 jobs by mid-April.  Japan based Toshiba Information Systems began eliminating jobs in Irvine.  Sunnyvale based internet company Yahoo issued more layoff WARNs, this time 322 jobs across four cities eliminated by mid-April!  Warren Buffett owned Kraft-Heinz issued a shutdown WARN for their San Leandro food factory, 117 jobs lost by mid-April!  Pacific Harvest issued a layoff WARN for their Guadalupe food ops, 75 jobs lost by mid-April.  Valley Fine Foods suddenly shutdown their 22 years old Benicia production ops, 94 jobs gone.  The company moved their production, sanitation, shipping and receiving and maintenance operation to North Carolina, loyal employees had no warning: “They were shocked and surprised. A few have been here a while, 17 years. Those were the hardest impacted. They appeared…..in shock, like phases of any loss, it’s shock and denial first.”-Adriana Nunez, HR manager

Colorado: Smartphone case maker OtterBox admitted it began laying off an undisclosed number of Fort Collins employees in 2015, and into 2016.  Administrators admitted they failed to file a WARN with state employment officials.

Florida: In Maitland, after nearly 30 years RanGetsu Japanese Restaurant and Bar shutting down in March, no reason given.  Local news reports say at one time the owners were trying to open five restaurants, now they’ll be down to just their restaurant back in Japan.

Illinois: Hoffman Estates based Sears Holdings revealed it eliminated 401 HQ jobs due to crappy 2015 holiday sales!  151 of those jobs were already vacant.   Sears Holdings will also accelerate the sale of assets.  School District 205 eliminating stipends for club sponsors and eliminating 109 jobs! The district is short $2.6-million USD, blaming lack of taxpayer funding caused by what I call Disappearing Students Syndrome.  For the first time in 25 years  Parkland College eliminating jobs, administrators blame the state ‘lawmakers’ for dragging their feet on taxpayer funding for the next school year. In Prospect Heights after only two years and $13-million in renovations, the Ultra Foods grocery store shutting down next week due to lack of sales.

Indiana: Indianapolis based Republic Airways Holdings now chapter 11 bankrupt busted, blaming in part “a nationwide pilot shortage”.  What they really mean is a shortage of pilots who want to work for peanuts!  In New Albany, after 30 years Mom & Pop’s Cone Corner is no more.  The current owners bought the ice cream joint last year, they gave no reason for the shutdown.

Louisiana: Krispy Kreme Doughnuts shutting down their Shreveport donut shop on Youree Drive.  In a ’round-a-bout way administrators said the store was losing money.

Michigan: Benton Harbor based home appliance maker Whirlpool warning of mass factory layoffs and confirmed it already eliminated an undisclosed number of HQ jobs.  Administrators also gave a conflicting 4th quarter 2015 report saying ‘net revenues’ had doubled from 4th Q 2014, but that actual ‘sales’ were down by almost half a million dollars.

North Carolina:  Charlotte based Too Big to Jail Bank of America continues to kill jobs, this time admitting they eliminated a “small number” of corporate level and global marketing  jobs.

Oklahoma: Petroleum company Kimray eliminating 65 jobs in March.  Administrators say the layoffs are their last resort as they’ve already frozen pay levels, cut budgets & investments and encouraged employees to accept bribes to quit (buyouts).

Texas: Houston based Halliburton killing more jobs, 5-thousand this time! That’s on top of the almost 22-thousand jobs killed by the oil field service company in the past two years!

Virginia: In Woodbridge, C&W Books shutting down on Monday: “After 25 years in your community, C & W Used Books will be closing on Feb. 29. Our lease is up and we cannot afford the rent increase.”

Washington: In Gig Harbor, after 47 years Mostly Books shutting down due to the property owner wanting to sell.

Wisconsin: Menomonee Falls based retailer Kohl’s warning that it must shutdown at least 18 stores this year.  Locations and timing of the shutdowns yet to be determined.  It’s blamed on stagnant 2015 holiday sales (a meager 0.4% above 2014 holiday sales).

WARN=Worker Adjustment & Retraining Notification

24 February 2016: “Sales keep going down, expenses keep going up and I’m having a hard time just paying my bills, so it’s just time.”

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.”

Bad economy revives Yakuza violence! U.S. connection?

25 February 2016 (09:08 UTC-07 Tango 01) 06 Esfand 1394/16 Jumada al-Ula 1437/18 Geng Yin 4714

“This is a tough time for them as their revenue sources have shrunk dramatically…because of tougher laws…pressuring members for regular payments…some do not want to pay and that’s why there was a split.”-Yamanouchi Yukio, attorney for Yamaguchi-gumi

An attorney representing some of the larger factions of Japan’s mafia (known as Yakuza in the United States) is blaming the declining economy for recent shootings between rival gangs.

He says because of the bad economy members of the biggest Yakuza group, Yamaguchi-gumi, are having a hard time paying their membership dues, with many Yamaguchi-gumi members breaking away forming new Yakuza gangs.  The result is a spike in violence.

Yakuza violence had been subdued after Japan’s government passed tougher anti-Yakuza laws because of the Yakuza war in the 1980s.  However, news reports say a new ‘Kobe Yamaguchi-gumi’ gang has somehow avoided being officially classified as a violent gang and is immune from those laws, which helped it to become the third largest Yamaguchi-gumi group in only a few months time!

The formation of Kobe Yamaguchi-gumi took place at the end of 2015.

Attorney Yamanouchi warned that because of declining revenues the various branches of the Yamaguchi-gumi are now in survival mode.  A former Yakuza bodyguard blames it on an obsession with money: “…loyalty and brotherhood….are long gone…..It’s now all about money-money and money alone. It is no longer duty or honor.”-‘Takegaki’, explaining why he left theYamaguchi-gumi

While looking over recent Yakuza articles I found a picture of current neo-imperialist Japanese prime minister Abe Shinzo with U.S. politician (and professed ‘christian’) Mike Huckabee standing next to a man the Japanese National Police associate with Yamaguchi-gumi;  Nagamoto Icchu.

Nagamoto was arrested and charged in 2012 with strong arm loansharking.

“These are challenging times…because of the uncertainty” Thousands more jobs killed!: U.S. Job Losses & Closings 24 February 2016

Incomplete list of job loss announcements and shutdowns.

Alaska: In Juneau, the nine years old Holly’s Hallmark gift store shutting down. The owner said sales went south in 2013 and got worse in 2014.

Florida: For profit Mattia College shutting down, 1-hundred jobs lost and more than 7-hundred nursing students looking for a new home.  No word on an official shutdown date, but local news says pay for teachers has been cut off!  This is the second nursing school in The Sunshine State, in the past two years, to shutdown.  The top administrator of that nursing school, Dade Medical, was recently arrested.  This is all part of the U.S. Department of Education’s crackdown on schools that promise their students ‘The Moon’.

Idaho:  More fraud in The Gem State.  The state Attorney General says a former Idaho boat builder owes customers several millions of USD after failing to deliver the boats.   The state and financier KeyBank have joined multiple customers in suing Christopher Bohenkamp, accusing him of taking customer’s money for pre-ordered boats, but then pulling stakes and moving to New York without building the boats!  It was revealed in 2015 that Bohenkamp was being sued by numerous customers for taking their money and running to The Empire State.   Fraud by hybrid and electric car owners in The Gem State as many are just now waking up to the fact that last year the state imposed additional vehicle registration fees for motorized vehicles that use very little or no petroleum based fuel.  There is now a push by the unfair tax avoiding environmentalist crooks to repeal the fees.  Here’s why owners of hybrids and electric cars are crooks; state road repair work is paid for mainly with the state tax on fuel, and partly by vehicle registration fees, if you’re driving a vehicle that doesn’t use fuel you are not paying your fair share of road maintenance tax!   The only way the state can fairly charge (pun intended) electric and hybrid car users for road maintenance is by greatly jacking up the vehicle registration fee.  As one commentator in the state of Georgia wrote “We now have a class of people (mostly well-off) who can choose to get around without having to pay the gas tax.”)   By the way, this why bicycle fanatics piss me off! They think they own the roads but they pay nothing towards maintaining the roads, especially their special ‘bike lanes’. And don’t give me your crap about ‘you drive cars too’, the roads were built for cars not pedestrians or bicycles.  In Boise, the Ada County Highway District responds to criticism about bike lanes by saying …it’s fair to assume that bicyclists in and around downtown Boise are contributing some amount to the upkeep of Ada County roads.”  But they admit they have no way to prove that statement!  You know what they say about ass-u-me…..

Illinois:  In Alqonquin, the Stride Rite shoe store in Algonquin Commons shutting down by April.  It’s the third retailer to leave Algonquin Commons in the past 12 months.  Publisher Costar Group laying off 44 employees in Chicago, by mid-March.   God powerless to stop ‘his’ Lutheran Social Services from shutting down ‘his’ Chicago nursing home services, 109 job lost by the end of March!  Walmart shutting down two Chicago stores by mid-April, at least 110 jobs lost!  What automotive industry recovery? Danville Area Community College eliminating at least four jobs, offering early retirement and eliminating their Automotive and Sustainability programs: “These are challenging times, and it’s challenging because of the uncertainty”-Alice Jacobs, DACC President

  Sycamore School District 427 eliminating at least 56 jobs: “We see other businesses where employees are just being told to do more with less, and unfortunately, that seems to be the mentality of our state government when incomes to education.”-Jim Dombek, District 427

Missouri: Spain based bio-energy company Abengoa Bioenergy now chapter 11 bankrupt busted, affecting their administrative office in Chesterfield, and their ethanol production in the state of Illinois.  In Hannibal, after more than 50 years Kirlin’s Hallmark shutting down their Huck Finn Shopping Center gift store, blaming “today’s challenging economic climate”.

New York:  That Which Cannot Be Named powerless to stop Jewish Home Lifecare from shutting down and selling out to a competitor, 997 jobs lost by the end of May!  General Electric (GE) updated their shutdown WARN for their Fort Edward operation, 128 jobs lost between now and the end of May!  Near Star Lake, the Padgett’s Hometown IGA shutting down after 35 years of grocery sales: “Sales keep going down, expenses keep going up and I’m having a hard time just paying my bills, so it’s just time.”-Mark Padgett

Ohio: Columbus based Bravo Brio Restaurant Group is warning it must shutdown Bravo Cucina Italiana and Brio Tuscan Grille restaurants after a third straight year of revenue losses!

Texas: In Houston, Cobalt International Energy issued a layoff WARN, 50 oil industry jobs lost by the end of April.  Pioneer Natural Resources shutting down their Victoria oil ops, 148 jobs lost by mid-April!  Transocean Offshore shutdown two Gulf of Mexico rigs, 180 jobs gone!  IPSCO Tubulars issued a layoff WARN for their Chambers oil pipe ops, 112 jobs lost by the beginning of April!  In Pleasanton, C&J Energy Services eliminating 78 oil industry jobs by the beginning of April.

West Virginia: Cabell County Schools eliminating 61 jobs and transferring another 97! It’s blamed on the loss of 2-hundred students since 2014!

WARN=Worker Adjustment & Retraining Notification

23 February 2016: “….a slowdown in the market, we can’t say for sure what will happen next.”

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.”

No more electronics maker Sharp! Foxconn beats out Samsung!

24 February 2016 /19:16 UTC-07 Tango 01 (06 Esfand 1394/16 Jumada al-Ula 1437/18 Geng Yin 4714)

Executives with one of Japan’s iconic electronics maker, Sharp, have decided to sell out to a Republic of China (Taiwan) company.

The nearly $6-billion USD sale puts a ‘major’ Japanese electronics maker under foreign ownership for the first time in Japan’s history.  Hon Hai Precision Industry, aka Foxconn, outbid Republic of Korea’s Samsung.  Sharp executives even rejected the offer from the Innovation Network Corporation of Japan.

Sharp has been dealing with crashing revenues for the past few years.  Analysts have criticized the offer by Foxconn as being absurdly high as there are other Japanese electronics makers who are financially secure, yet are considered worth less than unstable Sharp.

Foxconn is a major supplier to Apple, and in 2014 signed a joint venture deal with Hewlett Packard.

Japan Economic Front: Biggest ever loss for Sharp!

What Economic Recovery? Sharp projects record loss for 2012!

Sharp makes deeper cuts than originally planned, blame the Too Big to Fail banks! 

For the first time in 62 years, TV maker Sharp will layoff 5,000 workers!

Sharp blames the United States for lack of economic recovery

Sharp’s economic woes began with the 2011 quake-tsunami and Fukushima nuclear disasters: Sharp has announced that production of their Liquid Crystal Display TVs will be halted 

Overwhelming proof College benefits only the 1%! Capitalist using real slaves in California! : U.S. Job Losses & Closings 23 February 2016

Incomplete list of job loss announcements and shutdowns.

“If you grow up low income and manage to get higher education, which few people manage to do, the potential for that to lift you solidly up into the middle-class and upper-middle class is more limited than we thought.”-Brad Hershbein, W.E. Upjohn Institute for Employment

A Brookings Institute study (A college degree is worth less if you are raised poor) revealed some surprising data about what is now obviously the ‘lie’ of higher education:  Using decades worth of data the researchers discovered that having a four year college degree does absolutely nothing to help low income people get out of poverty!  It seems only people from wealthy families benefit from a college degree!    I can attest to that; I’m from “low income” and I got a bachelors degree (later in life, after decades of working for the Man) and my income actually went down after I graduated. I’ve gotten numerous rejection letters, where as before I got the degree I could walk in anywhere and get hired!  What sup wit dat?

Arizona: In Tucson, Mexico based ANSARCO issued a WARN, 163 copper mining jobs lost due to low prices!

California: More proof you brick-n-mortar store owners can’t directly blame the internet/high tech for your demise; San Francisco based interactive entertainment company Kabam eliminating an undisclosed number of jobs, as part of their plan to acquire major gaming platforms.  In San Jose, evil vulture capitalist investment company Fenox Venture Capital was caught employing slaves!  The U.S. Department of Labor charged the capitalists of “misclassifying” 56 employees as “unpaid interns”, when they were, in fact, full paid employees.  Fenox Vulture Capital must now pay out $331,269 USD in back wages: “A large number of employees worked for free providing hundreds of man hours for this company to make a profit. For them to not even pay minimum wage in [San Francisco] Bay is really appalling.”-Michael Eastwood, U.S. Department of Labor

Colorado: Taxsucking military contractor Jacobs Technology-ETASS laying off 70 people.  The Vail Cascade resort issued a layoff WARN, 2-hundred jobs being eliminated!   Honeywell eliminating at least eight jobs.  Sky Hotel 39 Degrees issued a shutdown WARN, 91 jobs lost. Texas based insurance referrer All Web Leads issued a shutdown WARN, 103 jobs lost! It might be connected to the November 2015 takeover of rival InsuranceQuotes.  After killing off 5-hundred jobs in Washington, California based Concentrix eliminating between 270 to 378 Boulder County jobs due to the loss of their IBM contract!

Georgia: Suwanee based telecommunications equipment maker Arris eliminating at least 8-hundred jobs, as part of their merger with British empire United Kingdom based company Pace!

Florida:  Wholesale soup maker Chef Creations is no more, they’ve sold out to a Massachusetts corporation, resulting in 110 Chef Creations HQ employees, in Orlando, becoming jobless between April and July!  Local news media made the sale sound like a surprise as Chef Creations had recently won new local tax breaks, and gotten approval for major financing, for expansion of their soup making operations.

Kentucky: Lexington based printer maker Lexmark eliminating 550 jobs on the advise of Goldman Sachs!  The company is even considering the option of selling itself off.

Massachusetts:  In Edgartown, women’s clothier hannah b shutting down, with the owner saying “it just happens”.

New York: CNN’s Manhattan Center Productions updated their WARN saying 222 people will now become unemployed by the end of April! CNN is moving its HeadLineNews (HLN) program from New York City to Atlanta, Georgia.   In Saratoga Springs, after 30 years Aggie Mullaney boutique shutting down on Monday, so the owner can focus on her new retail operation.

North Dakota:  State Department of Transportation announced it must eliminate all temporary jobs due to a $69-million USD decline in fuel tax, vehicle registration and other fee revenues.  Crashing government revenues caused by people with no money to spend is  overwhelming proof we are in a depression.

Virginia: In Bland, transformer maker ABB eliminating 30 jobs, blaming “….a slowdown in the market, we can’t say for sure what will happen next. It depends on demand.”

WARN=Worker Adjustment & Retraining Notification

22 February 2016: “We’re being thrown out….”

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.”

Perfect Storm: Low oil prices & investor exodus will kill-off oil industry?

23 February 2016 (07:34 UTC-07 Tango 01) 04 Esfand 1394/14 Jumada al-Ula 1437/16 Geng Yin 4714

“It is easy for consumers to be lulled into complacency by ample stocks and low prices today, but they should heed the writing on the wall: the historic investment cuts we are seeing raise the odds of unpleasant oil-security surprises in the not too distant future.”-Fatih Birol, International Energy Agency

A British oil industry group says not only are they dealing with low oil commodity prices, but investors are getting out fast.

The result could be that 43% of oil companies in the North Sea will cease to exist.   However, it should be noted that the Oil & Gas UK 2016 Activity Survey is making that claim to justify a permanent tax cut, even the elimination of the petroleum tax, for British oil companies!

Oil & Gas UK also clams that British oil companies cannot survive while their Brent Crude fetches only $30 per barrel.  In 2015, an estimated 65-thousands Britons lost their oil industry related jobs!

Recently several oil producing countries, including Russia and Kingdom of Saudi Arabia, agreed to hold oil production at January levels.  I’ve written how Iranian oil ministers boasted that their oil industry can make a profit even if oil hits $10 per barrel.  

“We’re being thrown out on the street!” Proof the oil layoffs are BS! 3,000 jobs lost due to no more Chrysler 200! Global warming causes Tree shortage? : U.S. Job Losses & Closings 22 February 2016

Incomplete list of job loss announcements and shutdowns.

California: Chevron is about to layoff 237 people at its beautiful Kern County oil ops!  Administrators say it’s necessary to maintain “long-term business objectives”.

Colorado:  Missouri based mattress maker Leggett & Platt eliminating 64 jobs at its Colorado Springs factory.  The factory is being shutdown by June.

Idaho:  Despite the U.S. petroleum industry slashing-n-burning jobs and drastically cutting production, the very same industry is pushing ‘lawmakers’ to create a new law that will allow them to accelerate oil and natural gas production in The Gem State.   The proposed regulation would change the way the state Department of Lands and the state Oil and Gas Conservation Commission handle the approval process for drilling.   A former manager at Aberdeen’s Idaho Select potato processing plant has been sentenced for his crime of ripping off the company.  He admitted to using company money to buy cars, homes, go on vacations, send his daughters to college and even pay his daily bills.  He must now repay $1.7-million USD within seven years, as well as spend time in prison.  Embezzlement crimes are very common here in the ‘christian’ dominated Idaho (2010 U.S. Census Bureau data says at least 80% claim to be Christians).  

Perhaps the former shed manager at the potato processor wasn’t being paid enough?  According to United Way, one in three workers in the Right to Work (you over) Idaho cannot afford to live on what they are paid!

Illinois:  Mass layoffs at Eastern Illinois University is creating what I call Ripple Effect Layoffs; the Test Center had to shut down temporarily “in order to train the remaining staff in the building to assume the duties of the lost positions”.  127 years old (surviving The Great Depression and numerous recessions) Bernzen Lumber store shutting down next month.  It was sold-off due to the health problems of the owner, it’s hoped the buyer will re-open the lumber store.

Massachusetts: MassMutual Financial Group about to eliminate 360 jobs at its operations in Springfield and Enfield, despite record dividend payouts and a 9th consecutive year of growth!  Administrators would only say that the layoffs were their way to “effectively and efficiently deliver the greatest value to our policy owners”.

Michigan: What automotive industry recovery?  Fiat Chrysler Automobiles (FCA) furloughed more than 3-thousand people at its Sterling Heights factory!  They’ll be back to work in mid-March, but only for a couple of weeks when they’ll be laid off in April for an unknown amount of time!  FCA is ending production of its slow selling Chrysler 200.     Local news are also reporting that the Right to Work (you over) Michigan government has cut in half what it normally pays furloughed auto industry workers!

Minnesota:  Richfield based Best Buy continues killing jobs, this time 24 corporate HQ employees were kicked to the curb, despite that fact Best Buy is advertising that they have 90 open jobs at their HQ.  In the past few years Best Buy has eliminated at least 4-thousand jobs!

This happened in Serbia, but U.S. regulators fear it’ll happen in the U.S.

Montana: Another saw mill blames lack of trees for shutting down.  Stoltze Land and Lumber revealed they shutdown their night shift last week, due to lack of lumber to be milled.  The lack of lumber isn’t because we’ve run out of trees, rather it’s related to load limits placed on logging trucks.  The load restrictions are blamed on ‘global warming’, meaning warmer winter temps resulting in muddy roads, which are normally frozen now.

New York:  God powerless to stop ‘his’ Albany Roman Catholic Diocese from shutting down ‘his’ Saint Augustine school in  Lansingburgh.   Church leaders blamed the state government for refusing to give them taxpayer funding (which would be a violation of the U.S. 1st Amendment).  Germany based Deutsche Bank eliminating about 30 NYC jobs, blaming new laws and competition from U.S. banks.  Alternative clothing store Trash and Vaudeville shutting down its 40 years old Saint Marks Place location.  The owner blames “perpetual rent increases”.

Ohio: U.S. Department of Energy forcing Centrus Energy to shutdown operations at the American Centrifuge Project by the end of the week. However, about 150 people will remain to take part in decontaminating the nuclear energy project.  The DoE ended funding claiming it was a waste of taxpayer money.  In Cheviot, Vitor’s Bistro shutting down on Sunday, the owner blames low sales on a bad location.   The Fort Rapids Indoor Waterpark Resort and Seafood Buffet & Grill shutdown after a long history of violating local health codes, which resulted in several customers getting sick.  In Cleveland, decades old iconic the DINER on clifton shutting down next Monday, due to the greedy landlord: “We’re being thrown out on the street! Next to my parents dying this is the most stressful time of my life!   …..This feels personal when it’s something that’s been such a huge part of my life.”-Perry Drosos, operator

The landlord claims the eviction was coming for at least a year, primarily due to planned radical remodeling of the building.

Pennsylvania:  After 104 years (surviving The Great Depression and numerous recessions) God is powerless to stop the shutdown of ‘his’ SS. Cosmas and Damian Church, in Conshohocken.   Church administrators say it just cost too much to maintain the old building, proving that the real ‘god’ is money.

South Dakota: Yes Virginia, franchised Blockbuster video stores still exist, but no longer in Rapid City.  The last franchised Blockbuster store there is now dead.  The corporate operated stores all shutdown in 2011.

Texas: Houston based oil driller Schlumberger eliminated at least 25-thousand jobs in 2015, claiming it was losing money due to low prices, then paid its CEO a bonus of $18-million USD, which was the same amount the CEO got for his 2014 bonus!  How does low prices kill 25-thousand jobs, yet has no effect on the CEO’s bonus?

WARN=Worker Adjustment & Retraining Notification

20-21 February 2016: “We need more time to….heal…”

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.”

“We need more time to regroup & heal…” Yet another layoff where employees also lost their final paychecks! : U.S. Job Losses & Closings 20 – 21 February 2016

Incomplete list of job loss announcements and shutdowns.

‘Wall Street’ analysts are finally admitting we could be in a Depression: Chilling ways the global economy echoes 1930s Great Depression era

Arkansas: Bentonville based Walmart reported yet another quarterly decline in profits.  This time, for the 2015 end of year holiday season their profits fell 8%.  Ho ho ho, Merry Xmas everyone!  Administrators blame currency wars and their own plans to shutdown at least 2-hundred stores (which they included in their 4th quarter 2015 report even though the shutdowns didn’t start until 2016, mmmm, more bookkeeping shell games).

Connecticut: Germany based drugs maker Boehringer Ingelheim conducting more layoffs, management at their Danbury plant refused to say how many people will lose their jobs.  And an update to the employee relocation contractor Cartus Corporation layoffs,  unnamed employees told local news that at least 1-hundred people were let go last week!

Florida: Best Wishes of Boca shutting down.  Local news reports say the gift shop lasted 40 years because of its competitive prices, but failed to explain why it’s shutting down.  In Jacksonville, wholesaler CEVA Logistics issued a WARN saying 93 people will lose their jobs in April.

The owner of Big City Coffee threatening to sue Boise and Delaware North

Idaho: The city of Boise being sued by some of the tenants at the Boise International Airport.  Tenants also suing the New York based food service management contractor hired by the city, Delaware North.  Owners of airport eateries accuse Delaware North, and the city, of running them into the ground, primarily by substituting their products with lower quality items and providing terrible customer service, resulting in decreased sales.  Boise area news sources say Delaware North refuses to responded to their questions.

Illinois: Moline based farm equipment maker Deere (aka John Deere) revised its 2016 profit expectations downward.  Originally administrators thought 2016 sales would drop by 7%, but now they say things are so bad they expect a 10% drop in sales.

Mississippi:  New York based Saks Fifth Avenue shutting down their Outlets of Mississippi mall store by mid-March.  Local news reports gave no reason.  In Oxford, after nine years Holli’s Sweet Tooth shutting down in April, the owner blames non-stop increasing costs of operation that now exceed sales.

Missouri:  What auto industry recovery?  Discount Auto Protection shocked 60 employees by sending them a text message saying they were now unemployed and there would be no final paychecks!  That final paycheck was three weeks worth of work!  I’ve said it before; been there, experienced that.  Except in my case my employer didn’t even notify us and we lost four weeks of pay (we were paid once per month).  Still, most people still refuse to believe you can be laid off and lose your final paycheck, especially if your employer legally ceases to exist.

New Jersey:  Sears Holdings confirmed the Lodi Kmart will shutdown in April, 75 jobs lost. 

New York:   Palio shutting down their Saratoga Springs office.  No word on how many jobs will be lost, but one news report said at one time the advertising agency had at least 1-hundred employees.    H.P. Neun shutting down their packaging ops in Lyons and Seneca Falls, 93 jobs lost by the end of May.  The WARN said the company was forced to sell their assets.

North Carolina:  Durham based ad agency McKinney laid off 34 full time employees, due to the loss of a major client.  In Winston-Salem, after 4 decades iconic Ziggy’s nightclub shutdown due to the greedy landlord.  The owners of Ziggy’s swear they even offered to pay a full years worth of rent in advance, but the landlord refused!

Ohio: Anti-gun laws failed to stop a man from attacking customers at the Nazareth Restaurant and Deli, with a machette!  Four people were wounded.  The restaurant has shutdown for an undetermined amount of time: “We need more time to regroup and heal as a team.”-Facebook post

Oregon: After ending service in January, Portland based SeaPort Airlines is now officially chapter 11 bankrupt busted.

Pennsylvania: More proof you brick-n-mortar store owners can’t directly blame the internet/high tech for your demise; West Chester based shopping channel QVC eliminating at least 1-hundred jobs in the U.S. by the end of the year, as it off-shores them to Poland!  It was also revealed that QVC eliminated 147 U.S. jobs in November 2015!  What automotive industry recovery?  Aluminum maker Alcoa is about to split off its car parts operations, but before it does at least 90 people will lose their jobs in New Kensington.  Last year 50 people were laid off.  Reports say Alcoa is shifting to a new 3-D parts printing operation elsewhere in the state.  God powerless to stop the Diocese of Erie from shutting down four of ‘his’ grade schools; Venango Catholic high school and Saint Boniface, Saint Peter Cathedral and Our Lady of Mount Carmel elementary schools.  Church leaders blame The Rapture, I mean low enrollment.  What construction industry recovery?  In Ambridge, SBC Building Systems shutting down, 80 jobs gone by April.

Washington DC: The U.S. Department of Labor reports that ObamaCare (Patient Protection & Affordable Care Act) health insurance costs jumped by at least 4.8% in 2015.  That’s faster than the official rate of inflation in 2015.

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.”

WinCo: New stores for Texas, Washingtonians & Oregonians want WinCo out!

20 February 2016 (08:49 UTC-07 Tango 01)/01 Esfand 1394/11 Jumada al-Ula 1437/13 Geng Yin 4714

Idaho based employee owned anti-unAmerican corporate America grocery store chain WinCo Foods continues to expand, while many publicly traded corporate grocery stores shutdown.

Carrollton, Texas (home of model kit builder’s iconic Squadron Mail Order), is about to get a new WinCo supermarket in a recently abandoned Target store.  Reports out of The Lone Star State say WinCo now has six food stores (since invading Texas in 2014) and is planning two more in Arlington and Fort Worth.  The Carrollton store isn’t expected to be ready until 2017, the vacant Target store must be torn down first.

In Utah, WinCo is constructing a new store in South Salt Lake, expected to open by the end of the year.  As many as 2-hundred jobs are expected and city administrators hope WinCo will make their top ten list of local taxpayers.  The U.S. Department of Agriculture recently declared South Salt Lake a ‘food desert’, meaning residents had limited access to food.

Speaking of food insecurity, in the not-so Golden State of California (see my Job Losses reports), a Ventura WinCo was hit by middle aged shoplifters who  threatened a security guard with a tazer.  Police are searching for them, security cam vid was captured.

In Grants Pass, Oregon, WinCo opened its 105th store.  It’s smaller than the normal WinCo supermarket, yet has managed to hire 150 locals (and transferred at least 11 people from other WinCo stores). Already the new WinCo has been hit by a food shoplifter.  The 25 years old woman is a meth and heroin drug addict, police had her hospitalized for an infection on her arm.

The Oregon Land Use Board of Appeals is about to hold a debate over plans to open a new WinCo in Albany.  Supposedly the issue is over the use of windows, however, a complaint was filed by the United Food and Commercial Workers Union.  Unions are anti-employee owned businesses, because employee owned businesses are a bigger threat to unions than unAmerican corporate America.  Employee owned operations get better benefits, and pay far less in ‘dues’ than union shops.

 It should be noted that Oregon suffered the mass shutdowns of Washington based Haggen grocery stores in 2015 (connected to the Albertsons-Safeway merger).

In Edmonds, Washington, city administrators have revised zoning rules to allow retail development next to the local WinCo.  Previously, in the 1990s the WinCo location was a Top Foods grocery store.  Local news reports did not indicate whether the WinCo had any influence on the city’s decision to change the zoning.

Washington state is known to be a haven for anti-WinCo-ites.    In Moses Lake an anti-employee owned business organization is suing the city to stop the potential construction of a WinCo, accusing the city of not complying with the State Environmental Policy Act (SEPA) process.  The city has yet to even approve WinCo’s request to set up shop.

It should be noted that Washington saw the demise of its Haggen grocery store chain in 2015.

Back in Idaho, the co-founder of WinCo (originally Waremart) was honored during the Twin Falls Rotary Club meeting.  Ronald L. “Bud” Williams died last month, of acute myeloid leukemia, he was 87 years old.  Local Rotary members say over the past 40 years Bud always helped with the local Xmas celebrations. His leukemia came on suddenly, being diagnosed the week before he died.

On a national level, WinCo Foods recently promised to sell only Best Aquaculture Practices (BAP) rated farmed seafood.  By the end of this year all their farmed seafood should be three star rated BAP, by the end of 2017 it’ll be four start rated.

Currently WinCo Foods employs more than 15-thousand people, all part owners of the grocery chain.

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

WinCo expanding big into Arizona! Delays caused by Arizona aesthetics cops!