“Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern.”-Sears Holdings, 2017 annual 10-K report
CNBC: Sears suppliers hold back shipments; “We have to protect ourselves from the risk of nonpayment.”-unnamed supplier
USAToday: Sears bankruptcy threatens pay for retirees!
Business insider: “The warranties are going to be a huge […] Continue Reading…
Incomplete list of healthcare related layoffs and shutdowns, January 2017:
Arizona: In Tucson, mental healthcare facility La Frontera Arizona laid off an additional 30 people, less than a month after laying off 22 employees, due to funding cuts: “They do more than just give medications and things like that. They are there for support and […] Continue Reading…
Disappearing Students Syndrome (DSS): A phrase created by me to describe a phenomenon taking place across the United States, affecting both privately and publicly funded schools, from Kindergarten all the way through University levels.
Incomplete list of publicly announced education related layoffs & school shutdowns, January 2017:
California: God powerless to stop the shutdown of five […] Continue Reading…
More proof you brick-n-mortar store owners can’t directly blame the internet/high-tech competition for your demise. Incomplete list of U.S. internet/high-tech/communications job destruction announcements in January 2017:
Internet publisher Medium laid off 50 employees. CEO Evan Williams (a Twitter co-founder) stated “Upon further reflection, it’s clear that the broken system is ad-driven media on the internet. It […] Continue Reading…
05 March 2017 (15:58 UTC-07 Tango 06) 15 Esfand 1395/06 Jumada t-Tania 1438/08 Gui Mao 4715
A G4S advertisement posted in Mexico says Facebook will let you know if the government is watching you, but who is watching Facebook-G4S?
In January 2017 Facebook suddenly switched to a new data collection contractor for all its data centers around the United […] Continue Reading…
Incomplete list of announced United States food supply shutdowns for the month of January, 2017: Many food suppliers/distributors are consolidating operations and killing jobs due to the collapsing grocery store and restaurant industries, as well as rising costs of food production, spread of disease and extreme weather.
Alabama: In Huntsville, after 15 years Little Paul’s […] Continue Reading…
27 February 2017 (03:57 UTC-07 Tango 06) 09 Esfand 1395/30 Jumada l-Ula 1438/02 Ren Yin (2nd month) 4715
J.C. Penney’s announcement of massive job culling for the first quarter of 2017 is directly blamed on the ongoing clothing industry death-spiral; J.C. Penney (also spelled JCPenney) administrators directly blame crashing clothing sales, especially female clothing, for their impending demise.
But […] Continue Reading…
26 February 2017 (05:54 UTC-07 Tango 06) 08 Esfand 1395/29 Jumada l-Ula 1438/01 Ren Yin (2nd month) 4715
“In the past two, two-and-a-half years, we have had about a 3-hundred-% increase in the drug-related overdose ambulance runs. And the prevalence of opiate addiction in this area continues to increase.”-William Denham, medical director for the Maysville, Kentucky, emergency services
“I don’t […] Continue Reading…
24 February 2017 (10:15 UTC-07 Tango 06) 06 Esfand 1395/27 Jumada l-Ula 1438/28 Ren Yin 4715
Despite a slight uptick in profits at the end of Gregorian year 2016, Texas based U.S. retail icon JCPenney says overall sales were down (again) and they will now go the way of the other U.S. retail icon Sears; massive shutdowns and […] Continue Reading…
22 February 2017 (12:24 UTC-07 Tango 06) 04 Esfand 1395/25 Jumada l-Ula 1438/26 Ren Yin 4715
The Republic of Ireland is one step closer to legalized marijuana use for medical treatments.
The Ministry of Health issued guidelines (Cannabis for Medical Use — a Scientific review) for ganja use, which include eight recommendations by the Health Products Regulatory Authority. But […] Continue Reading…