Category Archives: Business/Economics

Business/Economics

U.S. Job Losses & Store Closings 27 March 2014: Toy R Us loses $1-billion! No more Canadian cheese? More healthcare cuts!

Incomplete list of announced closings & layoffs.

Arizona: In Phoenix, after 50 years Karsh’s Bakery shutdown!  The owner blames the failed economy: “It’s sad to say we are closing today because of the economy and stuff, we’ve tried to come back from 2008.”-Wayne Kinding

California: In Los Angeles, tax sucker Aerojet Rocketdyne killed 230 jobs!  It’s blamed on the takeover by GenCorp.  More layoffs are in the works.  In Temecula, after 25 years the Paperback Shack book store shutdown.

Florida: Another Books-A-Million shuts down, this time in Palm Coast.

Georgia: In Atlanta, reports that Cable News Network (CNN) laid off 16 employees, due to new “technologies”.

Kansas: In Coffeeyville, wire maker Southwire announced it is shutting down its factory.  200 jobs will be lost by March 2015!

Maryland: In Hancock, British empire Canada based Saputo shutting down a cheese factory, starting in May.  In Gambrills, after 14 years Caribou Coffee shutdown.

Massachusetts: Cambridge Health Alliance eliminated 30 positions.  It’s blamed on the Affordable Healthcare Act (Obama Care).

Michigan: Mackinac Straits Health Systems eliminated 23 positions, and reduced the hours for other employees.  Hospital officials say that benefits for employees are being reduced and even top managers are getting a 5% pay cut.  Officials directly blame Obama Care for taking a “toll” on the hospital.

Mississippi: Harrah’s Tunica casino shutting down, 950 jobs lost, a total of 1300 jobs affected!  Casino officials say there are too many gambling joints in the U.S.

Missouri: In Saint Joseph, after 34 years Record Wear House shutdown.

New Jersey:  Mitt Romney/Bain Capitol controlled Toys R Us killed 500 jobs!  Company officials blame a $1-billion USD decrease in sales in 2013!

New York:  In Long Island, Mexico based Bimbo Bakeries shutting down their Entenmann’s Bay Shore bakery, 178 jobs lost!  Company officials basically said there were too many bakeries in the area.   Too Big to Jail Key Bank shutting down ten branch offices, in July and August!  In Yonkers, Mile Square Transportation laying off 90 school bus drivers in June.  In Suffern, legal drugs pusher Novartis laid off 28 employees for “economic” reasons.

Ohio:  In Mentor, 100 jobs to be lost when Steris shuts down its sterilizer factory by October 2015!  Steris specializes in infection prevention and contamination control solutions for the healthcare industry.  Does this have anything to do with the new medical industry taxes created by Obama Care?  In Kent, after less than three years Second Sole shoe store shutdown!  The owners said the economy in Kent sucks ass!

Texas:  Grapevine based video game seller GameStop to shutdown 130 stores this year.  They’ve made a deal with AT&T to open new cell phone based stores.

Vermont: In Lyndonville, factory tooling maker Kennametal shutting down.  80 high paying jobs lost.  In Shaftsbury, after 22 years the Shaftsbury Country Store shutdown.

Wisconsin: In New London, British empire Canada based Saputo shutting down a cheese factory, starting in May.

25 – 26 March 2014: “We are dumbfounded!”

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.

“Our ideals and principles, as well as our national security……..That’s what makes America different. That’s what makes us exceptional.”-Barack Obama, 10 September 2013

Business/Economics, International, U.S.

Martial Law U.S.A.: Americans renouncing U.S. citizenship to skyrocket as new FACTA tax law begins! Back door isolationism!

01 July 2014 (14:37 UTC-07 Tango)/03 Ramadan 1435/10 Tir 1393/05 Xin-Wei  4712

Beginning now, a new Fair and Trade Accurate Transaction Act (FACTA) rule goes into effect:  Any foreign bank account belonging to a U.S. citizen living abroad, which has $50-thousand or more, must be reported to the U.S. Treasury or that foreign bank could be sanctioned from making transactions with U.S. banks.

FACTA is the number one reason for skyrocketing exodus of middle class U.S. citizens.  FACTA does not go after the wealthy elites who avoid taxes by moving their money offshore, it goes after middle and upper class U.S. citizens who are working outside the United States.  In effect they are being double/triple taxed, and they have no Congressional representation, which equates to taxation without representation.

Anybody who understands the creation of the United States would understand that “no taxation without representation” was one of the   rallying cries for revolution against the evil British empire.  Now the U.S. government is perpetrating the same crime against its own citizens!

Another ‘shoot yourself in the foot’ problem with FACTA: This is slowly isolating the U.S. economy from international trade, as many foreign banks are willing to risk ending business transactions with U.S. banks by considering non-compliance with FACTA.

accelerating destruction of the U.S. Dollar!

CHINESE RMB TO REPLACE USD FOR INTERNATIONAL TRADE!

2014 TO BE ANOTHER RECORD YEAR FOR REJECTION OF U.S. CITIZENSHIP!

Business/Economics, Idaho

U.S. Job Losses & Store Closings 25 – 26 March 2014: “We are dumbfounded!” ObamaCare killing Walgreens? More hospital shutdowns! No more Levis? More women’s clothing stores in trouble!

Incomplete list of announced closings & layoffs.

California: San Francisco based Levi Strauss killed 800 corporate jobs!  In Pasadena, Too Big to Jail Bank of America revealed it will kill 153 mortgage service jobs in April!  In Napa, after 29 years the Golden Carrot Natural Foods store shutdown.  In El Segundo, toy maker Mattel killed 128 jobs!

Florida: In Jacksonville, women’s clothing retailer Body Central warned of massive layoffs, after realizing they lost $42-million USD in 2013!  In Boca Raton, after only two years and $250-thousand in remodeling upscale Red, The Steakhouse shutdown.  The owner was shocked at how much business crashed since last summer: “We are dumbfounded it came to this!……..When summer hit, there weren’t enough people…..No energy!”-Brad Friedlander

Idaho: In Nampa, food producer Simplot announced they will shutdown operations at the end of May.  206 jobs lost!  It’s part of their ongoing consolidations of food processing.

Illinois: Bushnell-Prairie City School District will layoff at least 16 employees, end two sports programs and end elementary summer school for the 2014-15 school year.  It’s blamed on massive funding cuts at the states level.   Springfield based legal drugs pusher Walgreens announced it will shutdown 76 stores across the country!   Company officials say they also need to cut expenses by $50-million by the end of 2015!  Blame it on drastically reduced government and insurance company reimbursements under Obama Care.

Massachusetts: In North Adams, after 129 years North Adams Regional Hospital now chapter 7 bankrupt busted, and shutting down, 530 jobs lost!  VNA & Hospice and the Northern Berkshire Healthcare Physicians Group affected by the bankruptcy as well!  This will have a major effect on North Adams as the hospital is the city’s main employer.

Minnesota: Who said high tech jobs are recession proof? Food processor Cargill announced it will kill 900 IT jobs across the country, 300 of which are in Minneapolis–Saint Paul.  Cargill will now rely on lower paid contractors.  After only nine years the only two Christian Camden Music Schools shutdown.  God didn’t stop the ‘great recession’ from killing off the schools: “The revenues were not sufficient for me to sustain it.”-Janet Zahn, founder

Nevada: Who said high tech jobs are recession proof?  Gambling machine maker International Game Technology (IGT) killing 350 jobs!  Company officials said the need to cut $30-million in expenses.

New York: Queensbury Union Free School District warned of job cuts  for the upcoming school year.   It’s blamed on continued reduction in funding, and of course they want the cash strapped property owners to fork over more money.  Saranac Lake Central School District wants to layoff at least 20 employees for the upcoming school year.  Adirondack Health killed 18 healthcare jobs, and reduced the hours of 15 others.  Hospital officials blamed Obama Care for a $1.2-million drop in funding in 2013, and said it’ll be even worse in 2014!  They’re also considering turning the Adirondack Medical Center emergency room into a 24 hour urgent care center.  In Brooklyn, school bus contractor RPM Systems laying off 47 employees in June.  Mountainside Transportation also laying off 47 school bus employees in June.

North Carolina: In Raleigh, after 29 years Fat Daddy’s Market & Grill  shutdown.  45 jobs lost.

Ohio: In Lakewood, after 67 years Wings Hobby Shop shutdown.  The owner blames lazy young people: “We peaked out, volume-wise, in 1995.  Little by little it started to go away, because we weren’t getting any young people……Society has evolved into a mode of instant gratification…….They want to have a collection to look at, but they don’t want to build anything. “-Al Cicerchi

Oregon: In Medford, after 37 years roller skate rink Roller Odyssey shutdown.  The owners said the could not afford the new rent.

Pennsylvania: In Coraopolis,  British empire Australia based QBE Insurance laying off 59 employees.  The Pittsburgh Riverhounds football (soccer) team, and the owners of the Highmark Stadium now chapter 11 bankrupt busted.  It’s blamed on the millions of dollars it took to build the stadium.

Texas: Oil industry seismic service company Global Geophysical Service now chapter 11 bankrupt busted.  Company officials blame the past few years of the ‘great recession’ for causing them to get into massive debt. In Sugar Land, after less than one year the Fiesta Market Place grocery store shutdown!  I couldn’t find any reports that explained why.  In Woodland, after 23 years the Affinity & Tux Shop shutdown.  The owner blamed it on health problems.

Virginia: In Hampton Roads, baby killing tax sucking DynCorp laying off 62 military base security guards.  Company officials blame it on the expiration of their government contract.  In Charleston, reports that the Sushi Atlantic market shutdown.

22 – 24 March 2014: “I hate working for nothing!”

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.

“Our ideals and principles, as well as our national security……..That’s what makes America different. That’s what makes us exceptional.”-Barack Obama, 10 September 2013

Business/Economics

U.S. Job Losses & Store Closings 22 – 24 March 2014: “I hate working for nothing!” The Christian God shutting down His(?) own churches! “Out-migration” killing schools! More businesses that survived the Great Depression being killed off by the great recession! American Money Center now bankrupt! More healthcare cuts!

Incomplete list of announced closings & layoffs.

Arizona: The city of Phoenix warns of layoffs as they are short $38-million USD!  The Fiesta Bowl officials warned of layoffs, blaming the bad economy: “We don’t have the revenue pieces we used to have.”-Duane Woods

California: Sacramento International Airport warned of layoffs.  Officials say passenger traffic has dropped by 20% over the past seven years, and they need to cut $14-million from next year’s budget!    In Inglewood, 8 Points Management and Hollywood Park Casino killed 487 jobs!  In Commerce, Microcell Communications laid off 32 employees.  In Hayward, Obama Care killed 116 jobs with Solta Medical!  In San Jose, the National Hispanic University shutting down in 2015: “…the Board has determined that because the university continues to face significant ongoing regulatory and financial challenges, the institution cannot operate…”

Connecticut: The Waterford Board of Education announced they will shutdown four elementary schools!  School officials officially call disappearing students “out-migration”:  “The Waterford School District has seen a total decline of 1-thousand students over the last four years, with this trend expected to continue!”-Rhonda Lessel

Florida: In Daytona Beach, after 51 years Stan’s Transmission shutdown.  The pissed off owner blamed the suck ass economy: “….everything has changed and the overhead is just too high. Taxes and medical and workman’s comp and insurance. It costs so much money and I hate working for nothing!”-Robert Mitchell

Illinois: In Lakemore, after 38 years Le Vichyssois restaurant shutdown.

Indiana: In Indianapolis, medical charity Project Health now dead!  The Indianapolis Medical Society blames the bad economy for killing donations.

Iowa: In Sioux City, after 30 years Rhonda’s Speak Easy shutting down, 10 jobs lost.  Blame Obama Care!  The bar owner is going to take advantage of Obama Care’s focus on in-home healthcare, and she’s going to start an in-home healthcare service.

Kansas: In McPherson a major food processor, Nation Pizza and Foods, ending operations.  As many as 195 jobs lost!

Maryland: In Baltimore, after 25 years Video American shutdown.

Massachusetts: In Holyoke, the Geriatric Authority nursing home shutting down due to money problems.  They’ve already laid off 15 healthcare workers. The state Department of Public Health will fund the nursing home until it is shutdown.

Michigan:  The South Haven Community Hospital shutdown its birthing unit, 19 jobs lost.

Minnesota: In Marshall, Kmart announced they will shutdown in July, 57 jobs lost.

Montana: In Missoula, nonprofit Project Vote Smart laid off six employees without notice.  Some of those employees had just moved in from other states.  Project Vote Smart officials said it has become too “expensive” to conduct their political science research.

New York:  In Buffalo, after 80 years (and surviving the Great Depression) Radio Equipment Corporation shutdown.  A loyal customer blamed the shutdown on the new “disposable world”.  In Rochester, Eastman Kodak laying off 35 employees in June.  In Brooklyn, Voila Sweets shutting down in June, 72 jobs lost.

North Carolina: In Wilmington, after 32 years Teacher’s Aid shutdown.  The owner of the education supply store blamed the past five years of declining sales.

Ohio: Grocery store Giant Eagle shutting down two stores, one in Toledo, one in Rossford.  179 jobs will be lost in May!  Company officials say there are too many grocery stores in the U.S.

Pennsylvania:  In Pittsburg, God refuses to stop the Catholic Church from shutting down three churches.   King of Prussia based Money Centers of America now chapter 11 bankrupt busted!  The electronic payment processor for casinos is fighting court actions that could cost it more than $10-million.  In West Manchester Township, Voith Hydro eliminating 90 jobs. They said demand for hydroelectric equipment is falling.

South Carolina: In Richmond, the Piggly Wiggly grocery store shutdown, 37 jobs lost.

Texas:  In Dallas, Japan based Sony shutting down a distribution center, it’s connected to the massive layoff announcement made in California the week prior.  In Marshall, after 20 years The Diamond Store shutdown.   In Tyler, after 85 years Gulf State Lumber shutdown.  The business survived the Great Depression, but not this so called ‘great recession’: “Tyler used to be immune to a recession, and to me this last, I call it the great recession, really has hurt our business.”-Sam Wolf, great great grandson of Gulf State Lumber’s founder

Washington DC: California based tax sucker Bechtel laying off 117 workers as it ends the first phase of the Silver Line commuter rail service.

West Virginia: Wetzel County Hospital laid off eight healthcare workers, cut the hours of 11 others, and will not fill vacant positions.  Hospital officials blamed Obama Care for shifting focus to outpatient care.

Wisconsin: Grocery store Supervalu shut down their Pleasant Prairie regional office, 155 jobs lost! Another 200 jobs will be eliminated across the country!

20 – 21 March 2014: 13-thousand + teaching jobs being killed? 

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.

“Our ideals and principles, as well as our national security……..That’s what makes America different. That’s what makes us exceptional.”-Barack Obama, 10 September 2013

Business/Economics, International

World War 3: British Empire issuing Muslim Sukuk, accelerating destruction of the U.S. Dollar!

26 June 2014 (23:45 UTC-07 Tango 25 June 2014)/27 Sha’ban 1435/05 Tir 1393/29 Geng Wu 4712

“Today’s issuance of Britain’s first sovereign Sukuk delivers on the government’s commitment to become the western hub of Islamic finance and is part of our long term economic plan to make Britain the undisputed center of the global financial system.“–George Osborne, Chancellor of the Exchequer United Kingdom

The United Kingdom, the center of international markets and recently signed a deal to with China to stop using the U.S. dollar, is now the first ‘non-Muslim’ sovereign entity to issue Bonds based on Islamic finance rules.

The Sukuk bond (sukuk means financial instrument or even a check) does not pay a return based on interest, but on profits from three rental properties held by the government of the United Kingdom.

So far the U.K. has sold the equivalent of $340-million USD worth of their Sukuk.

Islamic financing is not the enemy of the United States, the British Empire is the mortal enemy of the U.S.  The British empire has been working long and hard to destroy the U.S. dominance of global finance (ever since it started to lose that position to the U.S. in the late 1890s).  It should be the U.S. issuing Sukuk bonds.  The dragging of the U.S. into the European theaters of war, during the First and Second World Wars,  was not only a hope by British officials to have their asses saved from physical destruction by Germany, but to financially weaken their mortal enemy the United States of America.

In other words, there has been a covert banker board room directed war waged by the British Empire against the United States, for at least the past one hundred years.  Don’t blame China and don’t blame Islam for your economic destruction!

 British Empire joins Russia to destroy U.S. dollar! 

Statement by People’s Republic of China & United Kingdom

British empire plan for global takeover, the people of the United States are patsies! 

it is not China who is the biggest foreign direct investor (FDI) in the United States…..it is the British empire’s United Kingdom….Canada

Business/Economics

U.S. Job Losses & Store Closings 20 – 21 March 2014: 13-thousand + teaching jobs being killed? Kiss 40-thousand Army jobs good bye! 10-thousand postal service jobs gone to hell! More proof of coming housing market crash! ObamaCare killing education jobs!

Incomplete list of announced closings & layoffs.

The U.S. Army wants to kill 40-thousand jobs by the end of 2015!

The Congress controlled U.S. Postal Regulatory Commission will eliminate 10-thousand U.S. Postal Service jobs between now and the end of 2015!  USPS has halted hiring. The USPS has already lost 320-thousand jobs since 2000!!!

California: Tax sucker Boeing continued killing jobs, this time 16 people became unemployed.  In Fresno, GAF continued killing jobs, this time 11 people became unemployed.  In San Jose, after only four years Elefante Blanco upscale thrift shop shutdown.  The owner blames it on a rent increase.

Colorado: Obama Care killing healthcare management company Global Healthcare Exchange (GHX).  Company officials said they must “restructure” to adjust to the new realities of Obama Care, which means more than 130 employees are now unemployed!  In Grand Junction, CenturyLink shutting down their call center by July.  The number of call center jobs being lost was not reported, but local news media said it would affect dozens of jobs outside the call center.

Connecticut: The city of New Britain warned its 500 employees of massive layoffs.  The city is projected to be in the hole $33-million USD!

Georgia: Jackson County School District wants to kill 42 jobs.  District officials blamed decreased funding and gott damned Obama Care for jacking up health insurance and retirement costs for employees!  Officials say reduced taxpayer funding and increased Obama Care costs have created a $4.6-million shortfall!   In Richmond Hill, after more than 33 years manufacturer of foodservice and food retail products, Hobart, shutting down.  50 jobs lost.  Operations are being consolidated to Ohio.

Hawaii: United Airlines laying off an undisclosed number of employees.  Reports say it could be in the “hundreds”!

Illinois: In Saint Charles, after only five years Dolce Bakery and Cafe shutdown without notice.  In Chicago, Angel Food Bakery shutdown, the owner Stephanie Samuels blames the gott damned economy, saying  “I have given my heart, soul, and just about everything else I’ve got to this project of mine, but I have not been able to make it sustainable for me….”     Dunlap School District laid off 17 employees.  It was revealed the district is in the hole $2.1-million.   Employees are pissed because last year the district led everybody to believe the district was in good shape.   State officials warned of massive layoffs across the board, because of a massive 2015 budget shortfall.  The Superintendent of Schools warned 13400 teachers could become unemployed!  Department of Corrections says besides a 20% reduction of prison guard jobs, 11 prisons will be shutdown and 15500 prisoners released!   ‘Elected’ officials said the only way to avoid such an economic hell is to massively raise taxes.  Sounds like the people of Illinois are damned if they do, damned if they don’t!

Kansas: Overland Park, cell phone service Sprint finally admitted they are going to hell!  Not only have they closed three major call centers (reported in previous Job Losses & Store Closings reports) but they will shutdown 55 Sprint stores and kill 1400 jobs across the United States!

Michigan: In White Lake Township, Kmart announced they will shutdown in April.  It was once called the Kmart Store of the Future.

Minnesota: Mortgage default servicing and publishing operation The Dolan Company, now chapter 11 bankrupt busted!  The really big banks halted all mortgage loans to the company!  The company’s CEO has resigned.  In Saint Cloud, Bo Diddley’s Pub & Deli shutting down in April.  The owner refused to say why, but did say he was expanding his other restaurants.

Missouri: In Kansas City, after 42 years Superlatives home furnishings and gift store shutdown.

New Hampshire: In Manchester, light maker Osram Sylvania shutting down a factory in September, 139 jobs lost!

New Mexico: After more than 3 decades Albuquerque Lighting shutdown.  The owner said the suck ass economy has “…been devastating for 5½ years!”

New York: In Amsterdam, Quandt’s Foodservice Distributors moved their planned layoffs to the end of April.  The company was sold off.  116 jobs will be lost!  In Fredonia, food supplier ConAgra continues factory shutdowns.  395 jobs to be killed between October 2014 and May 2015!  Trenton School District to layoff 77 employees. District officials blamed part of their $10.5-million shortfall on charter schools.

Pennsylvania: In York, light maker Osram Sylvania shutting down a factory in September, 118 jobs lost!

Rhode Island: In Central Falls, light maker Osram Sylvania shutting down a factory in September, 88 jobs lost.

South Carolina: The U.S. Army has warned of layoffs at Fort Jackson.  If the Defense Department doesn’t get the taxpayer funding it demands, then 3100 Fort Jackson employees will become unemployed!

South Dakota: In Sioux Falls, after 60 years Sid’s Liquor shutdown.  The president of Sid’s blamed his crashing sales on state officials who, in 2008, passed a law that allowed big corporations to have more than one liquor license: “It’s like there’s a liquor store on every block.  And we saw our sales decline by over 1-Million dollars a year! Which was a real kick in the pants. And we started losing money, and the losses just keep getting bigger!”-Paul Damyan

Tennessee: In Gallatin, after only two years Butterbean Bakery and Bistro shutdown.  It’s blamed on health problems.

Texas: Obama Care has killed off Hospice House of Odessa! The operators said the new health care law made it almost impossible for them to provide care for terminally ill people!

Virginia: In Charlottesville, tax sucker Niitek laid off 78 employees.  It’s blamed on reduced military spending.

Washington:  The U.S. Department of Energy announced it will shutdown the Waste Sampling and Characterization Facility for the highly contaminated Hanford nuke site.  60 jobs lost.  Apparently the DoE is going to send nuke waste samples to “offsite” labs.  Sounds like a False Flag set up to me.

19 March 2014: Government fails to dole out what it collects in school taxes, is it a conspiracy to kill education? 

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.

“Our ideals and principles, as well as our national security……..That’s what makes America different. That’s what makes us exceptional.”-Barack Obama, 10 September 2013

Business/Economics

Exceptional Failed State: Recession on verge of Depression, “Total collapse” of U.S. GDP, $200-billion drop in production profits! Blame weather? Blame ObamaCare!!!

25 June 2014 (10:00 UTC-07 Tango)/26 Sha’ban 1435/04 Tir 1393/28 Geng Wu 4712

The 1st quarter of the 2014 U.S. economy went into the shitter!  Zero Hedge is calling it “Total collapse”!

The gott damned main stream news media is blaming the drastically revised Q1 GDP data on winter weather!  However, if you read my Job Losses & Store Closings reports you’ll see that the healthcare industry has been killing thousands of jobs, no thanks to Obama Care.

Zero Hedge also blames the crashed GDP numbers on Obama Care culling healthcare jobs, saying Obama Care subtracted $6.4-billion USD from Q1 2014!   This is based on the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) third (aka final) revised Healthcare Services Contribution to GDP data.

It’s interesting that in prior Q1 2014 revisions the BEA showed huge gains due to Obama Care, but in their “Third Revision” the BEA shows Obama Care pushed Healthcare Services GDP into the Red by $6.4-billion!  It ain’t the gott damned climate change you numb nuts main stream news media!

But wait, there’s more!  Despite the main streamer news constantly reporting that consumer confidence is up, the truth is it’s way down!  The BEA reports consumer spending for Q1 2014 dropped below the  Q4 2009 Recession data!  Consumer Consumption was only 0.7%!  (again, read my Job Losses & Store Closings and you’ll see many business owners have been blaming crashing sales on their demise)

The result of citizens with no jobs and no money to burn resulted in  total Q1 2014 GDP dropping by 2.9%, I believe we’re in negative Depression level numbers folks!  According to what I learned in my college economics courses, anything at 3% or more is considered growth, 2.9%-0% is stagnation, once you go negative you’re in a Recession/Depression.

Main stream news media use their rule that if you get two or three quarters in a row of negative GDP then they call it a Depression (lets see if that happens this time).   True economists try to avoid declaring a Depression, because they see so many more variables than the news media reports.  They prefer to go by GNP (Gross National Product), but basically if GDP (Gross Domestic Product) drops by 10% or more they call it a Depression.

The Q1 2014 GDP revision has the biggest disparity between the first report and the third (final) report, since 1976!

Here’s more details from the BEA:

Personal spending increased 1%, but total domestic sales dropped 1.4%.  This is because of inflation; Prices paid by shoppers increased 1.3%.  In other words, people spent more money but got less in return!

And people had less money to spend, domestic income dropped 2.6%!

Commercial property/asset investments decreased 1.2%

Exports decreased 8.9% (this is a biggie, it means the U.S. isn’t selling anything to other countries), and the value of U.S. exports dropped by 1.7%, or $73.6-billion!!!

Federal government spending increased by only 0.6%, despite corporate taxes paid increasing by $27. 8-billion!

Increase in corporate taxes might have contributed to a decrease in dividends paid out to investors; a decrease of $87.1-billion!

Profits for financial corporations (Too Big to Jail banks) dropped $52.6-billion!

Profits from production dropped by a sickening $198.3-billion!!!

GNP, products and services, decreased 3.6%

“Our ideals and principles, as well as our national security……..That’s what makes America different. That’s what makes us exceptional.”-Barack Obama, 10 September 2013

U.S. Dollar to crash & burn!

Business/Economics

Exceptional Failed State: Sears kills more Kmarts! Store says it’s “Now hiring” then shuts down! Sears Outlet is not Sears!

25 June 2014 (08:58 UTC-07 Tango)/26 Sha’ban 1435/04 Tir 1393/28 Geng Wu 4712

California losing a 40 years old Kmart, in July.  And a 70+ years old California Sears was sold for $25-million USD!  People should’ve known it was coming when protestors broke out the store front windows last year, and Sears simply boarded them up.  Another Ohio Kmart shutting down, in September.   Pennsylvania losing two Kmarts, including a 40+ years old Kmart whose only notice of their shutdown was a sign on the store front, right near their “Now hiring” sign: “Ironically, a small sign taped to the window of one of the store’s front doors reported it was hiring personnel for summer seasonal positions.”-The Post

A woman in Arizona learned the hard way that Sears Outlet stores are not true Sears stores.   She tried to return a new but broken washing machine for money back, the store manager refused.  In 2012 Sears Holdings spun off Sears Outlet and Sears Hometown into a new company known as Newco, it is an independent franchised store chain now.  Newco still uses the Sears name for their Outlet and Hometown stores, but they do not have to honor any of Sears’ customer policies.

In Mount Dora, Florida, an abandoned Kmart caught fire.  Firefighters said it was a small roof fire.

In Kanasa, the Merriam Kmart shutdown last year but people are still having their vehicles impounded for parking in the vacant lot!  The parking lot has signs posted saying  “Kmart Employees and Customers Only”, and somebody is still enforcing it: “There’s no Kmart, there’s no employees, there’s no customers, so what were we hurting if we parked there?”-car impound victim

However, the tow company operators told a local Merriam news source that the parking lot is actually a crime scene, ever since the tractor-trailer of a murdered trucker was found on the lot.

By the way, if you research crimes committed in Kmart stores you’ll notice an upward trend, especially for customers being robbed in the stores, and even in the public toilet rooms (like in Utah).

Here’s the updated list of U.S. Sears/Kmart store closings since the end of 2011:

Arizona: Scottsdale Sears/Great Indoors, Chandler Sears/Great Indoors.

Alabama: Gadsden Kmart (50 jobs lost), Mobile Sears (at least 40 jobs lost), Auburn Kmart (at least 40 jobs lost), Anniston Kmart (no word yet on how many jobs lost), Birmingham Eastwood Kmart (70 jobs lost), Decatur Mall Sears (91 jobs lost), Fort Payne Kmart, Northport Kmart (68 jobs lost).

Delaware: Dover Kmart (at least 72 jobs lost, some reports said 100), Seaford Sears (30 jobs lost).

California: El Monte Sears (at least 40 jobs lost. Damien Arrula, El Monte’s economic development director, said the store manager had lied about what was going on: “The general manager of the store had just indicated to me that they were remodeling.”), two San Diego Sears (more than 80 jobs lost), Pleasant Hill Kmart (more than 50 jobs lost), Torrance Kmart, Fairfield Kmart (63 jobs lost), Lampert owned OSH taken over by Lowe’s home improvement in bankruptcy court, at least 17 of 99 stores to be closed down (935 jobs lost!), Rancho Cordova Kmart (97 jobs lost), San Clemente Kmart/Sears/Kmart on Camino de Estrella (58 jobs lost), placed on an official hit list in 2011 the Oceanside Kmart on College Boulevard finally being shut down, Banning Kmart (91 jobs lost), Laguna Hills Mall Sears, San Diego Mid-City Kmart (73 jobs lost), recently revealed Hemet Kmart (77 jobs lost), recently revealed Oakland Sears (jobs lost unknown).

Colorado: Broomfield Kmart (at least 40 jobs lost), Glenwood Springs Kmart (at least 40 jobs lost), Lone Tree Sears/Great Indoors, Longmont Sears (at least 40 jobs lost), Pueblos’ South Side Kmart (52 jobs lost), Denver Kmart (number of jobs lost have not been made public at this time, but could be at least 40), Colorado Springs Kmart at Powers and Palmer Park boulevards (57 jobs lost).

Connecticut: Waterbury Big Kmart.

Georgia: Macon Sears (at least 40 jobs lost), Buford Kmart (at least 40 jobs lost), Douglasville Kmart (at least 40 jobs lost), Atlanta Kmart (at least 40 jobs lost), Columbus Kmart (at least 40 jobs lost), Jonesboro Kmart (at least 40 jobs lost), Cartersville Kmart (74 jobs lost), Hiram Kmart (53 jobs lost), Marietta-East Cobb Kmart.

Guam: Sears Hometown Store.

Florida: Fernandina Beach Kmart (at least 40 jobs lost), Callaway Kmart (at least 40 jobs lost), Orange City Kmart (at least 40 jobs lost), Deland Sears (at least 40 jobs lost), Stuart Sears (at least 40 jobs lost), West Palm Beach Sears (at least 40 jobs lost), Port St. Lucie Sears (at least 40 jobs lost), Crystal River Sears (at least 40 jobs lost), New Smyrna Beach Kmart (at least 40 jobs lost), Saint Augustine Kmart (at least 40 jobs lost), Pompano Beach Kmart (at least 40 jobs lost), Jacksonville Kmart on 5751 Beach Boulevard (71 jobs lost), second Kmart in Jacksonville on 4645 Blanding Boulevard (83 jobs lost), Ocoee Sears (102 jobs lost), Pensacola Kmart on Airport Boulevard closed in 2011, Pensacola Kmart on Mobile Highway closed in February 2013 (69 jobs lost), Pensacola Kmart on East 9 Mile Road will close in May (73 jobs lost), Hialeah Kmart (67 jobs lost), Bonita Springs Kmart (67 jobs lost), Mount Dora Kmart (100 jobs lost), Lake Mary Kmart, Panama City Beach Kmart (54 jobs lost), Winter Park Kmart (100 jobs lost), Niceville Kmart (59 jobs lost).

Hawaii: Honolulu Sears (owned by GGP, 372 jobs lost!!!), Kauai Sears (41 jobs lost), Iwilei-Honolulu Kmart for lease (no confirmation of store closing).

Idaho: Lewiston Sears (at least 60 jobs lost), Rexburg Kmart (63 jobs lost). No official announcement, but it’s painfully obvious the Chubbuck Pine Ridge Mall Sears going’ down. Or, maybe it’s preps for Shop within a Shop, or one of those domestic spy data storage centers? On 07 November 2013, GGP sold off the Pine Ridge Mall for a paltry $9 million USD. Across the street, in Pocatello, the property where the Kmart is located has a “pad site available” sign, posted ever since the Kmart bankruptcy. The Kmart building takes up most of the “pad”.

Indiana: Anderson Sears (at least 40 jobs lost), Saint John Kmart (at least 40 jobs lost), Indianapolis Kmart (at least 40 jobs lost), Richmond Sears (49 jobs lost), South Anthony Kmart (70 jobs lost), Fort Wayne Kmart on South Anthony Boulevard (70 jobs lost), FairOaks Mall Kmart, Logansport Sears (43 jobs lost).

Illinois: Alton Sears (at least 40 jobs lost), Melrose Park Sears parts and repair center (50 jobs lost), Zion Kmart (at least 40 jobs lost), Oak Lawn Kmart (at least 40 jobs lost), McHenry Kmart (at least 40 jobs lost), Peru Kmart (at least 40 jobs lost), Lombard Sears/Great Indoors (at least 40 jobs lost), Fairview Heights Kmart (81 jobs lost), Freeport Kmart (45 jobs lost), Pontiac Kmart (more than 47 jobs lost), Homer Glen Kmart (82 jobs lost), Streator Kmart (45 jobs lost), Lombard Kmart (70 jobs lost), Naperville Kmart (98 jobs lost), Calumet Sears (164 jobs lost), two Sears stores in Grand Crossing area of Chicago (247 jobs lost!), Mount Vernon Sears (68 jobs lost), Moline Sears (at least 60 jobs lost), Homewood Kmart (185 jobs lost), Belvidere Kmart (91 jobs lost), Champaign’s Market Place Mall Sears (56 jobs lost), Sterling Kmart (60 jobs lost), Montgomery Kmart (81 jobs lost), Mattoon Sears (more than 40 jobs lost), Chicago Sears on North State Street (160 jobs lost), Chicago Sears Craftsman Experience store, Galesburg Sears (46 jobs lost), White Lake Township Kmart (42 jobs lost), Orland Park Sears Appliance, Collinsville Kmart (84 jobs lost). 58 Chicago area stores up for lease or sale. By the way, Illinois elected officials gave Sears Holdings/Hoffman Estates a $150 million USD tax break to keep their headquarters in the state. The tax break was not tied to any promise not to close stores.

Iowa: Cedar Rapids Kmart on 16th Ave (at least 40 jobs lost), Davenport Kmart (at least 40 jobs lost), Burlington Kmart (50 jobs lost), Coralville Sears (94 jobs lost, this is a store sold to GGP earlier in the year), Cedar Rapids Kmart on Collins Road NE (56 jobs lost), Mason City Kmart (50 jobs lost).

Kansas: Lawrence Sears (at least 40 jobs lost), Merriam Kmart-then Sears-then Kmart (jobs lost unknown).

Kentucky: Middlesboro Sears (in September 2012 the Sears store re-opened under independent ownership, official grand re-opening scheduled for November), Winchester Kmart (back in May, Rankin Paynter bought out what was left of the inventory and gave it to charity), Hazard Kmart (at least 40 jobs lost), Lexington Fayette Mall Sears (114 jobs lost!), Newport Kmart (81 jobs lost), Cannonsburg Sears and Sears Auto Center (no employee info given), Louisville Dixie Highway Kmart/Sears/Kmart.

Louisiana: Slidell Sears (77 job lost), Gretna Kmart (94 jobs lost).

Maine: Lewiston Sears (60 to 70 jobs lost), Presque Isle Sears (80 jobs lost).

Maryland: Ellicott Sears (at least 40 jobs lost), Gaithersburg Sears/Great Indoors, Landover Sears (115 jobs lost).

Massachusetts: North Reading Sears Hardware store closed, lease not renewed.

Michigan: Novi Sears/Great Indoors, Brighton Sears Grand/Essentials, Harper Woods Sears Full line, Monroe Sears Full line, Adrian Sears Full line, Washington Township Kmart, Chesterfield Kmart, Woodhaven Kmart, Flint Kmart (46 jobs lost), Gaylord Kmart (48 jobs lost), Sterling Kmart (58 jobs lost), Bloomfield Township Kmart and Sears, Bad Axe Kmart (61 jobs lost), Ypsilanti Township Kmart (83 jobs lost), Petoskey Kmart (45 jobs lost), Saint John’s Kmart (48 jobs lost), White Lake Township “Store of the Future” Kmart (42 jobs lost),  Grand Blanc Kmart (49 jobs lost), Lapeer Kmart (56 jobs lost).

Minnesota: Willmar Kmart, Duluth Kmart, New Hope Kmart, White Bear Lake Kmart, Bemidji Kmart, Monticello Kmart, GGP owned Sears Auto Center in the Apache Mall closed (10 jobs lost), the entire Sears store in the Apache Mall being sold off, Fergus Falls Kmart (40 jobs lost), Fergus Falls Kmart (at least 40 jobs lost), Alexandria Kmart (46 jobs lost), Grand Rapids Kmart (61 jobs lost), Seritage is selling off three Sears Auto Centers in Minnetonka, Brooklyn Center and Saint Paul, Marshall Kmart (57 jobs lost).

Mississippi: Jackson Sears Full line, McComb Sears Full line, Columbus Sears Full line, Gautier Sears (71 jobs lost), Waveland Gulfport Kmart (32 jobs lost), Pass Road Gulfport Kmart (52 jobs lost), Pascagoula Sears at the Singing River Mall.

Missouri: Lee’s Summit Sears Grand/Essentials, Saint Louis Sears Full line, High Ridge Kmart (59 jobs lost), Ellisville Kmart (55 jobs lost), Springfield Kmart on South Campbell Avenue (60 jobs lost).

Montana: Missoula Kmart (50 jobs lost).

Nebraska: Grand Island Kmart (55 jobs lost).

New Hampshire: Nashau Sears Grand/Essentials, Keene Sears Grand/Essentials, Portsmouth Kmart (30 jobs lost).

New Jersey: Lawnside Kmart (about 80 jobs lost), Howell Kmart (57 jobs lost), Berlin Kmart, Dover Kmart (92 jobs lost).

New Mexico: Las Cruces Kmart (58 jobs lost), Albuquerque Kmart on Central SW (80 jobs lost).

New York: Depew (Lancaster?) Kmart (68 jobs lost), Colonie Kmart (72 jobs lost), Fulton Kmart (51 jobs lost), Clifton Park Kmart (74 jobs lost), Latham Kmart (61 jobs lost), East Greenbush-Rensselaer Kmart (70 jobs lost), Tonawanda Sears Appliance and Hardware.

North Carolina: Cary Kmart (71 jobs lost), High Point Sears, Moorehead Sears, Rocky Mount Sears, Statesville Sears, Durham Kmart (79 jobs lost), Asheville Kmart (53 jobs lost), West Smithfield Kmart (59 jobs lost), Winston-Salem Kmart (69 jobs lost), Hendersonville Kmart (58 jobs lost), South Ashville Kmart on Hendersonville Road, Raleigh Kmart (88 jobs lost), Garner Kmart, Cleveland County mall Sears (56 jobs lost), Charlotte Kmart (89 jobs lost), Conover Kmart (74 jobs lost), Raleigh Kmart on Capital Boulevard (53 jobs lost), High Point Kmart (71 jobs lost), Boone Kmart (41 jobs lost).

North Dakota: Jamestown Kmart (45 jobs lost).

Ohio: Chagrin Falls Kmart, Springfield Kmart, two Toledo Kmarts, Medina Kmart, Columbus Kmart, Columbus Sears/Great Indoors, Zanesville Sears (67 jobs lost), Trotwood Kmart (71 jobs lost), Austintown Sears auto parts and service on Interstate Boulevard, London Kmart (no word on number of jobs lost), Trotwood Sears (67 jobs lost), Westlake Kmart/Sears (at least 57 jobs lost), Xenia Kmart (at least 57 jobs lost), Norwalk Kmart (52 jobs lost), Blue Ash Kmart (77 jobs lost), Northwood Sears at Woodville Mall (36 jobs lost), Conneaut Kmart (43 jobs lost), recently revealed Anderson Township Kmart (71 jobs lost).  Also, Van Wert Sears franchise bought out by Kirk Berryman, owner of Computer & Networking Technologies (CNT), who plans on moving the store to a new location.

Oklahoma: Oklahoma City Sears (98 jobs lost, GGP owned, GGP wants a $2 million sales tax rebate, claiming it’s needed to offset capital investments needed to bring the space up to the standards for potential new tenants), Shawnee Sears (31 jobs lost).

Oregon: Roseburg Sears (at least 40 jobs lost), Tualatin Kmart Center (new property owner from California is tearing everything down for new shopping center, so far no indication the Kmart will be part of the new shopping center), Milwaukie Kmart (61 jobs lost), Coos Bay Kmart (25 jobs lost), Bend Sears (48 jobs lost), Klamath Falls Kmart (64 jobs lost), Albany Kmart (64 jobs lost), Portland Sears Homes Services (no notice).

Pennsylvania: Upper Darby Sears Full line, Pottstown Sears Full line, Pittsburgh Kmart, Wilkins Sears, Warminster Kmart (85 jobs lost), Shippensburg Kmart (46 jobs lost), Moon Kmart (143 jobs lost), Bethlehem Township Kmart (62 jobs lost), Philadelphia Gallery Mall Kmart (120 jobs lost), Philadelphia Kmart on Orthodox Street and Castor Avenue (169 jobs lost), Levittown/Middle Township Kmart (87 jobs lost), Waynesboro Kmart (43 jobs lost), recently revealed Sanatoga Kmart (jobs lost unknown, but the store was advertising for new hires!), recently revealed Lower Pottsgrove Kmart (65 jobs lost).

South Carolina: Sumter Sears (at least 40 jobs lost), Orangeburg Sears (57 jobs lost), Columbia Kmart on Fort Jackson Boulevard in 2012, Columbia Kmart on Bush River Road in 2009, Columbia Kmart on St Andrews Road (66 jobs lost), Irmo Kmart (no info on how many jobs lost), both Greenville Kmarts (140 jobs lost between the two), Mount Pleasant Kmart (43 jobs lost), Harbison Sears & Sears Auto Center in the Columbiana Centre mall (97 jobs lost), Aiken Sears & Sears Auto Center (at least 54 jobs lost), Inlet Square Mall Kmart (50 jobs lost), West Ashely Kmart (69 jobs lost).

Tennessee: Antioch Sears (at least 40 jobs lost), Cleveland Sears (at least 40 jobs lost), Oak Ridge Sears (at least 40 jobs lost), Hendersonville Kmart (at least 40 jobs lost), Morristown Sears (about 70 jobs lost), Clinton South Kmart, Franklin CoolSprings Galleria Sears (92 jobs lost), Memphis Hickory Ridge mall Sears (job loss data not revealed), 48 years old Nashville Kmart on Nolensville Pike to close by January 2014 (57 jobs lost), Franklin Kmart (33 jobs lost).

Texas: Two Sears parts and repair centers closing in The Woodlands (117 jobs lost), rebuild center in Garland (58 jobs lost), Farmers Branch Sears/Great Indoors, Houston Sears Great/Indoors.

Utah: Murray Sears (for some reason Mormon controlled news media in Utah never reported the closure, but they’re reporting that the building has just been demolished), Orem Kmart (no details reported).

Virginia: Norfolk Sears (at least 40 jobs lost), Midlothian Kmart (at least 40 jobs lost), Richmond Kmart (at least 40 jobs lost), Lynchburg Sears (84 jobs lost), Fairfax Kmart (no word on how many jobs lost), Christiansburg Sears (59 jobs lost), Norfolk Kmart on East Little Creek Road (77 jobs lost), Manassas Kmart (71 jobs lost), Stafford Sears Hometown, Newport News Kmart (at least 50 jobs lost), Wise Kmart (58 jobs lost), Harrisonburg Kmart (79 jobs lost), Wincester Kmart (91 jobs lost).

Washington: Walla Walla Sears Full line (in August 2012, it was reported that an independent owner of Sears Hometown stores will open a store in Walla Walla), Lacey Kmart (at least 40 jobs lost), Kelso Sears (47 jobs lost), Lakewood Kmart (59 jobs lost), Bellingham Sears (92 jobs lost), Seattle Kmart (85 jobs lost), East Wenatchee Sears (59 jobs lost), Puyallup Kmart (51 jobs lost), Oak Harbor Kmart (68 jobs lost), Sodo Sears and Sears Auto Center (79 jobs lost).

West Virginia: Oak Hill Kmart (59 jobs lost), Morgantown Kmart (100 jobs lost).

Wisconsin: West Baraboo Sears (at least 40 jobs lost, local village officials say the store generated 3% of local tax collections), Rice Lake Kmart (about 71 jobs lost), Brookfield Kmart (56 jobs lost), Racine’s Regency Mall Sears (52 jobs lost), Fort Atkinson Kmart (51 jobs lost), Greenfield Kmart (107 jobs lost), Portage Kmart (78 jobs lost) and Hales Corner (129 jobs lost), Chippewa Falls Kmart (79 jobs lost), Menomonie Kmart (at least 50 jobs lost), Ashwaubenon Kmart (80 jobs lost).

On top of that, Sears Holdings sold stores to General Growth Properties (GGP), of which it has been reported that most of those stores will be closed.

Here’s the list of 11 Sears stores now owned by GGP:

Iowa: Coral Ridge Mall (it’s official the Sears is closing, see above), and Mall of the Bluffs

Texas: The Woodlands Mall (this does not involve the two repair centers being closed by Sears)

Florida: West Oaks Mall

Utah: Fashion Place, and Provo Towne Centre (note the evil British empire way of spelling town & center. Due to a favorable lease agreement the GGP owned Provo Sears will continue to stay open under Sears Holdings management)

Oklahoma: Quail Springs Mall (it’s official, the Sears closed, see above)

Hawaii: Ala Moana Center (closed, see above)

Washington: Bellis Fair Mall (Bellingham store, see above)

Minnesota: Apache Mall (see update above, GGP will close Sears store by 2014)

Illinois: Market Place Shopping Center (see update above, GGP closing store)

Business/Economics

What Economic Recovery? Too Big to Jail bank blows off 89-thousand job applicants! More & more U.S. college students trying to get jobs with the evil banks!

25 June 2014 (01:00 UTC-07 Tango)/26 Sha’ban 1435/04 Tir 1393/28 Geng Wu 4712

Bloomberg News reported that Morgan Stanley was hit with almost 90-thousand applications for summer intern positions, and the Too Big to Jail bank rejected 89-thousand!

According to Bloomberg Businessweek, over the past three years there’s been a big shift in undergraduate business majors regarding where they apply for internships.  The majority are now trying to get jobs with the evil Too Big to Jail banks!

 

Business/Economics, Idaho

More Economic Decline: New Pocatello furniture store shuts down after less than 3 months!

25 June 2014 (00:46 UTC-07 Tango)/26 Sha’ban 1435/04 Tir 1393/28 Geng Wu 4712

After less than three months Timberline Home Furnishings-3G Used Car Sales is already busted!  The location used to be the Ashley Furniture Liquidation store, which went away in March.

Timberline already up for auction! Note that their Grand Opening sign is still up!

Timberline already up for auction! Note that their Grand Re-Opening sign (indicating they used to be Ashley Furniture Liquidation) is still up!

Timberline Home Furnishings is now going under the auction gavel on 28 June 2014.  “Everything must go!”