Incomplete list of publicly announced layoffs & shutdowns:
More proof the internet is not killing brick-n-mortar stores: Online gaming company Nerd Kingdom laid off an undisclosed number of employees (some reports called it “massive”) and jacked up the cost of playing their video games.
California: Allergan warned that Obama Care is forcing them to kill off […] Continue Reading…
08 December 2014 (13:58 UTC-07 Tango)/15 Safar 1436/17 Azar 1393/17 Bing-Zi 4712
After decades of deal making, in 2002 Cuba held the first Caribbean anti-U.S. economic forum, attended by 14 other Caribbean countries. It’s called CARICOM, an amalgamation of Caribbean Community and Common Market, and can be traced back to the British empire’s West Indies Federation.
This […] Continue Reading…
Incomplete list of publicly announced education layoffs & school shutdowns from January to June 2014:
Alabama: Hoover City Schools laid off nine employees. School officials said that despite a growing student population, local taxes began declining suddenly in 2009-10 (isn’t that when the ‘recession’ officially ended?) and it doesn’t help that Obama Care has drastically […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
Becker’s Hospital Review revealed that by the end of 2013 eighteen U.S. hospitals shutdown as a direct result of problems caused by the Affordable Care Act (Obama Care).
Arizona: PetsMart administrators laid off 176 people from its Phoenix HQ! News reports say the layoffs were the result of pressure […] Continue Reading…
05 December 2014 (12:10 UTC-07 Tango)/12 Safar 1436/14 Azar 1393/15 Bing-Zi 4712
Trendy rich teenager’s clothing store Aéropostale has just upped the ante on their 2014 store shutdown list, bringing the total to 250!
Back in April 2014, administrators with Aéropostale announced they would shutdown about 125 of their P.S. from Aéropostale children’s clothing stores across North America. Administrators also said […] Continue Reading…
“Year-to-date, we closed, or announced for closure, approximately 235 underperforming stores, the majority of which are Kmart stores….
….Revenues decreased approximately $1.1 billion to $7.2 billion for the quarter ended November 1, 2014, as compared to revenues of $8.3 billion for the quarter ended November 2, 2013….
….we do not have commitments from lenders…
…our business…may be […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
California: Taxsucker CISCO Systems announced massive layoffs planned for October, 1-thousand and five people to become unemployed! Taxsucker Boeing warned of 318 layoffs in November! After only five months Freedom Communications ceased publication of the Los Angeles Register, at least 20 jobs lost. Apparently the economy is so bad in the […] Continue Reading…
Incomplete list of publicly announced layoffs & shutdowns:
California: In Petaluma, Massachusetts based Brooks Automation announced they will cease operations and render 85 people unemployed in October. Local news reports said the shutdown was discovered after Brooks Automation held a job fair for the employees who are about to become unemployed. Cereal maker General Mills announced they will […] Continue Reading…
01 December 2014 (13:53 UTC-07 Tango)/08 Safar 1436/10 Azar 1393/11 Bing-Zi 4712
Sears Canada’s 3rd quarter 2014 report showed Sears is actually being paid to shutdown stores.
Sears Canada (hand in hand with Sears Holdings) administrators have been making deals with property owners to essentially ‘buyout’ the leases on Sears stores, so they can be shutdown. […] Continue Reading…
01 December 2014 (12:38 UTC-07 Tango)/08 Safar 1436/10 Azar 1393/11 Bing-Zi 4712
“If the won-yuan market matures, transaction costs for the two currencies will fall and the bilateral trade will rise, contributing to economic growth for both countries.”-Lee Ju-yeol, Bank of Korea
An east Asian ally of the United States, Korea (south), has stopped using the U.S. dollar for […] Continue Reading…