Tag Archives: banks

Business/Economics, U.S.

What Economic Recovery? Updated list of more Kmart and Sears closings! Former Sears, now a Kmart, to close in Illinois!

08 November 2012, just hours after I posted and updated closing list, yet another Kmart was revealed to be closing!

It’s a Kmart in Homer Glen, Illinois.  The store originally was a Sears, but was remodeled and turned into a Kmart just last year!

The 82 employees were told on 07 November that they were losing their jobs in late January 2013.

Here’s the updated list, with the Illinois addition.  Also, a Sears scheduled to close in Kentucky is now under independent ownership and is having a grand re-opening this month!

Alabama: Gadsden Kmart (50 jobs lost), Mobile Sears (at least 40 jobs lost), Auburn Kmart (at least 40 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 (at least 80 jobs lost), Pleasant Hill Kmart (more than 50 jobs lost).

Colorado:  Broomfield Kmart (at least 40 jobs lost), Glenwood Springs Kmart (at least 40 jobs lost), Lone Tree Sears (at least 40 jobs lost), Longmont Sears (at least 40 jobs lost), Pueblos’ South Side Kmart (52 jobs lost).

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).

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 to be closed by 03 February 2013 (69 jobs lost), Hialeah Kmart (67 jobs lost).

Idaho: Lewiston Sears (at least 60 jobs lost).

Indiana:  Anderson Sears (at least 40 jobs lost), Saint John Kmart (at least 40 jobs lost), Indianapolis Kmart (at least 40 jobs lost).

Illinois:  Melrose Park Sears parts and repair center (50 jobs lost), Fairview Heights Kmart (81 jobs lost), Freeport Kmart (45 jobs lost), Pontiac Kmart (more than 47 jobs lost), and the newly revealed Homer Glen Kmart (82 jobs lost).

Iowa:  Cedar Rapids Kmart (at least 40 jobs lost), Davenport Kmart (at least 40 jobs lost), Burlington Kmart (50 jobs lost).

Kansas: Lawrence Sears (at least 40 jobs lost).

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).

Maine: Lewiston Sears (60 to 70 jobs lost).

Maryland: Ellicott Sears (at least 40 jobs lost).

Michigan: Brighton Sears Grand/Essentials,  Harper Woods Sears Full line, Monroe Sears Full line, Adrian Sears Full line, Washington Township Kmart, Chesterfield Kmart, Woodhaven Kmart.

Minnesota: Willmar Kmart, Duluth Kmart, New Hope Kmart, White Bear Lake Kmart.

Mississippi: Jackson Sears Full line, McComb Sears Full line, Columbus Sears Full line.

Missouri: Lee’s Summit Sears Grand/Essentials, Saint Louis Sears Full line.

Montana: Missoula Kmart (50 jobs lost).

New Hampshire: Nashau Sears Grand/Essentials, Keene Sears Grand/Essentials.

North Carolina: High Point Sears, Moorehead Sears, Rocky Mount Sears, Statesville Sears, Durham Kmart (79 jobs lost).

New Jersey:  Lawnside Kmart (about 80 jobs lost).

Ohio: Chagrin Falls Kmart, Springfield Kmart, two Toledo Kmarts, Medina Kmart, Columbus Kmart, Zanesville Sears (67 jobs lost), Trotwood 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.

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) .

Pennsylvania: Upper Darby Sears Full line, Pottstown Sears Full line, Pittsburgh Kmart, Wilkins Sears.

South Carolina: Sumter Sears (at least 40 jobs lost), Orangeburg Sears (approximately 50 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).

Texas: Two Sears parts and repair centers closing in The Woodlands (117 jobs lost), rebuild center in Garland (58 jobs lost).

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).

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).

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).

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, 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

Hawaii: Ala Moana Center

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

Minnesota: Apache Mall

Illinois: Market Place Shopping Center

 

Business/Economics, Idaho, Opinion, U.S.

Economic Recovery or Civil War? Gun sales in the U.S. expected to skyrocket

07 November 2012, the day after the main stream U.S. media prematurely declared Barack Obama the new President (the Shadow Voters, aka Electoral College, vote to elect the President on 17 December 2012), investors are driving up stock prices for gun makers and those chain stores that sell guns.

Investment analysts say it because investors expect a run on guns, because many supporters of the Second Amendment think a re-elected Obama will result in more gun control laws.

That might be, but there could be another reason: Civil War.

Back in August a Texas judge warned that if Obama was re-elected there would be civil war:   “…he’s going to try to give the sovereignty of the United States away to the United Nations. What do you think the public is going to do when that happens? We are talking civil unrest, civil disobedience, possibly, possibly civil war, OK? Now what happens? What happens? Now I’m not talking just talking riots here and there. I’m talking Lexington, Concord, take up arms, get rid of the dictator. OK, what do you think he is going to do when that happens? He is going to call in the UN troops, personnel carriers, tanks and weapons.”-Tom Head, Lubbock County judge and Emergency Management Coordinator

Seemingly in response, on 06 November several so called Liberals stated on Twitter things like “Vote for Mitt Romney… It’ll better our chances to start a civil war”, “If Romney win second civil war”, “Lady in the polling line say if romney win its gone b a civil war”, “Goin buy a gun tommorow Cus if Romney win I ain’t goin out without a fight”, “If Mitt Romney win get ya gun game up” etc.

Note the pro-gun statements by so called liberals.  Here in Idaho, Democrats are just as supportive of the Second Amendment as their Republican neighbors, and the same can be said of most Idahoans who don’t claim a political party preference.   Maybe that’s why the main stream anti-gun rights north-eastern based & focused U.S. media assume all Idahoans are Republicans?

 

 

Business/Economics, International, U.S.

What Economic Recovery? Updated list of more Kmart and Sears closings! Sears Canada to focus on consumers’ “wants” and not “needs”. Kmart stores in North Carolina & Australia going down!

08 November 2012, the closing of Kmarts and Sears continues.  This time it includes a store in Australia!

The Kmart store in Katoomba, Australia, is being replaced with a Woolworths.  This comes after the Australian owned Kmart reported increased sales (Kmarts in Australia and New Zealand are not owned by the U.S. based Sears Holdings).

In Canada, Sears is spending money trying to rebuild its image through an advertising campaign.  Officials admitted that Sears doesn’t satisfy ‘needs’, and they will focus on ‘wants’ in their adds: “We sell more wants than needs. What ‘wants’ deliver is inspiration and emotion, happiness, and that was really the emotion we focused on for our brand and tag line.”-Calvin McDonald, Sears Canada CEO

The problem is that in bad economies your average working class consumer must ignore ‘wants’ and are forced to focus on ‘needs’.

U.S. based Sears Holdings announced they will release third quarter earnings on 15 November 2012.

Here’s the updated list, with the North Carolina addition.

Alabama: Gadsden Kmart (50 jobs lost), Mobile Sears (at least 40 jobs lost), Auburn Kmart (at least 40 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 (at least 80 jobs lost), Pleasant Hill Kmart (more than 50 jobs lost).

Colorado:  Broomfield Kmart (at least 40 jobs lost), Glenwood Springs Kmart (at least 40 jobs lost), Lone Tree Sears (at least 40 jobs lost), Longmont Sears (at least 40 jobs lost), Pueblos’ South Side Kmart (52 jobs lost).

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).

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 to be closed by 03 February 2013 (69 jobs lost), Hialeah Kmart (67 jobs lost).

Idaho: Lewiston Sears (at least 60 jobs lost).

Indiana:  Anderson Sears (at least 40 jobs lost), Saint John Kmart (at least 40 jobs lost), Indianapolis Kmart (at least 40 jobs lost).

Illinois:  Melrose Park Sears parts and repair center (50 jobs lost), Fairview Heights Kmart (81 jobs lost), Freeport Kmart (45 jobs lost), Pontiac Kmart (more than 47 jobs lost).

Iowa:  Cedar Rapids Kmart (at least 40 jobs lost), Davenport Kmart (at least 40 jobs lost), Burlington Kmart (50 jobs lost).

Kansas: Lawrence Sears (at least 40 jobs lost).

Kentucky: Middlesboro Sears Hard lines, Winchester Kmart, Hazard Kmart.

Maine: Lewiston Sears.

Maryland: Ellicott Sears Grand/Essentials.

Michigan: Brighton Sears Grand/Essentials,  Harper Woods Sears Full line, Monroe Sears Full line, Adrian Sears Full line, Washington Township Kmart, Chesterfield Kmart, Woodhaven Kmart.

Minnesota: Willmar Kmart, Duluth Kmart, New Hope Kmart, White Bear Lake Kmart.

Mississippi: Jackson Sears Full line, McComb Sears Full line, Columbus Sears Full line.

Missouri: Lee’s Summit Sears Grand/Essentials, Saint Louis Sears Full line.

Montana: Missoula Kmart.

New Hampshire: Nashau Sears Grand/Essentials, Keene Sears Grand/Essentials.

North Carolina: High Point Sears, Moorehead Sears, Rocky Mount Sears, Statesville Sears, and the newly revealed Durham Kmart (79 jobs lost).

New Jersey:  Lawnside Kmart.

Ohio: Chagrin Falls Kmart, Springfield Kmart, two Toledo Kmarts, Medina Kmart, Columbus Kmart, Zanesville Sears (67 jobs lost), Trotwood 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.

Oregon: Roseburg Sears, Tualatin Kmart.

Pennsylvania: Upper Darby Sears Full line, Pottstown Sears Full line, Pittsburgh Kmart, Wilkins Sears.

South Carolina: Sumter Sears, Orangeburg Sears (approximately 50 jobs lost).

Tennessee: Antioch Sears Full line, Cleveland Sears Full line, Oak Ridge Sears Full line, Hendersonville Kmart, Morristown Sears Full line.

Texas: Two Sears parts and repair centers closing in The Woodlands (117 jobs lost), rebuild center in Garland (58 jobs lost).

Virginia: Norfolk Sears Full line,  Midlothian Kmart, Richmond Kmart, Lynchburg Sears (84 jobs lost).

Washington: Walla Walla Sears Full line, Lacey Kmart, Kelso Sears, Lakewood Kmart (59 jobs lost), Bellingham Sears (92 jobs lost).

Wisconsin: West Baraboo Sears Grand/Essentials, Rice Lake Kmart.

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, 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

Hawaii: Ala Moana Center

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

Minnesota: Apache Mall

Illinois: Market Place Shopping Center

Business/Economics, International

What Economic Recovery? Economic powerhouse Germany sees surprise drop in factory orders, recession certain!

“…a catastrophe and very bad news….We have a huge problem in the rest of the euro area that now seems to be reaching Germany and its labor market. For the coming quarters, the economic outlook is quite gloomy.”-Thomas Harjes, economist at Barclays

On 06 November 2012, Deutsche Bundesbank revealed that there is no let up in the dropping factory orders for German companies.  September had a 4.7% drop, October saw a 4.6% drop, from the year before.

From October to September (month to month) there was a 3.3% drop, which was much more than analysts had expected.

Factory orders from European Union (EU) customers (Euro-area orders) make up the biggest part of the drop, followed by orders outside the EU (export orders): “The weak economic environment in the euro area and in the broader global economy is having a bigger impact on demand for German industrial goods. Therefore industrial production may weaken further in the months to come.”-Statement from Germany’s Economy Ministry

Germany is considered the economic powerhouse of the European Union.  Almost a month ago the President of the Deutsche Bundesbank, Jens Weidmann, said: “The German economy continues to be in robust shape….”

Now one analyst says Germany “…is unlikely to be spared from a technical recession.”-Annalisa Piazza, New Edge

Christian Ott, an investment bank economist said: “…the [German] resilience has come to an end…”

Opinion

What Democracy? The late great George Carlin was right! If you vote it’s your fault!!!

Video

“I have solved this political dilemma in a very direct way: I don’t vote. On Election Day, I stay home. I firmly believe that if you vote, you have no right to complain. Now, some people like to twist that around. They say, ‘If you don’t vote, you have no right to complain,’ but where’s the logic in that? If you vote, and you elect dishonest, incompetent politicians, and they get into office and screw everything up, you are responsible for what they have done. You voted them in. You caused the problem. You have no right to complain. I, on the other hand, who did not vote, who did not even leave the house on Election Day, am in no way responsible for what these politicians have done and have every right to complain about the mess that YOU created.“-George Carlin

International, U.S.

What Democracy? United States has “…worst election processes in the world”! Venezuela has “best” system in the world! Former U.S. President says so!

“We’ve learned a lot about Democracy in Latin America, and they have made a lot of progress….The elections in Venezuela, although some people have criticized the result….there’s no doubt in our mind….that he [Hugo Chavez] won fairly and squarely…As a matter a fact, of the 92 elections we’ve monitored, I would say the election process in Venezuela is the best in the world!…..Mexico had their first honest election and the Carter Center was the only monitor invited in….all the other countries in Latin America, except for one [Venezuela]….and another one in North America [United States]….has public financing of all the election process.  If you qualify to run for public office you get public financing, and outside money does not affect the outcome of the election……The United States election process is shot through now with, I’d say, financial corruption.  We have one of the worst election processes in the world.“-Former U.S. President, true Christian and international election observer Jimmy Carter, 11 September 2012 annual Carter Center “Conversation”, in response to question about election monitoring in Latin America

The former president was talking about the more than 90 countries that his organization, The Carter Center, has worked to observe elections, to make sure they are fair.

The month after Carter made his statements about U.S. democracy, the U.S. states of Texas and Iowa announced they would arrest international election observers that entered polling places.

Carter says the main problem is private financing of campaigns for public office.  He explained there was a time when candidates used only public financing to run for office: “You know how much [privately sourced] money I raised when I ran against Gerald Ford [1976 U.S. Presidential elections]? Zero!…. You know how much [privately sourced] money I raised to run against Ronald Reagan [1980 U.S. Presidential elections]? Zero! We got public financing for the elections. You know how much [privately sourced] money’s gonna be raised this year in the United States for the President, and the Senate and House elections?  Six billion dollars!…..And that money comes from people who, now under the Supreme Court ruling, don’t have to be identified….and a lot of it can come from corporations partially owned by foreigners.”

Carter said the only way the election process can begin to be fixed is if the U.S. Supreme Court reverses its “stupid decision”, and there is a return to public financing of national campaigns.

Business/Economics, Opinion, U.S.

People of the United States finally realizing that working hard does not improve your life, it only improves the life of the Man!

“The U.S. ranks outside of the top ten for the first time (down to 12th), pulled down primarily by a decline in the Entrepreneurship & Opportunity sub-index. This fall is driven by a decline in the number of U.S. citizens who
believe that hard work will get them ahead……”-2012 Legatum Prosperity Index

According to a recent study by the Legatum Institute, fewer and fewer U.S. citizens believe that hard work pays off.

I can attest to that, after three decades of busting my ass, doing my best, and I have almost nothing to show for it (I am still better off than those who’ve ended up on the streets).

I’ve been praised by employers for my attention to detail, organizing and people management skills. Yet when it came to getting a significant raise or promotion, forget it! I got zip, nada!

I’ve worked positions that required four year college degrees, only to be replaced with a college graduate, then ordered to train them!!!  I finally got a four year college degree, but now (that plus my 30 years work experience) I’m “overqualified” (and I still have to somehow pay for the student loans).

What I’ve learned working for unAmerican Corporate America, is that when it comes down to the bottom line (meaning the execs and shareholders are facing a loss of dividends or bonuses) it doesn’t matter how hard you worked for the company (or even if you can prove you’re making money for the company as happened to me in several cases), if they decide it’s time for you to go, you’re gone!

Business/Economics, International, U.S.

Government & Corporate Incompetence, World War 3 & What Economic Recovery? United States not even part the top ten most prosperous countries! War on Terror makes the U.S. insecure!

According to the Legatum Institute, the United States not only is not the most prosperous country anymore, it’s not even in the top ten!

The United States was considered the 10th most prosperous last year, but in 2012 the U.S. is now ranked 12th overall!

The Legatum Institute ranks 142 nations in eight sub-indexes: economy, entrepreneurship and opportunity, governance, education, health, safety and security, personal freedom and social capital.

According to their 2012 Prosperity Index, the U.S. now ranks 2nd in health, 5th in education, 10th in governance, 10th in social capital, 12th in entrepreneurship and opportunity, 14th in personal freedom, 20th in economy, and despite more than a decade of War on Terror 27th in safety and security (seems the war has actually made the U.S. more unsafe)!

The top 10 most prosperous countries are: Norway, Denmark, Sweden, Australia, New Zealand, Canada, Finland, Netherlands, Switzerland and Ireland.  (notice that most of these are in Europe where the economy is supposed to be worse than the U.S., many of these countries have strong labor unions and more worker rights than the U.S.)

Business/Economics, U.S.

What Economic Recovery? Updated list of more Kmart and Sears closings! More Kmart stores in Ohio & Florida going down!

02 November 2012, in the past 24 hours it has been revealed that two more Kmarts are being closed, check my updated list.

Alabama: Gadsden Kmart (50 jobs lost), Mobile Sears (at least 40 jobs lost), Auburn Kmart (at least 40 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 (at least 80 jobs lost), Pleasant Hill Kmart (more than 50 jobs lost).

Colorado:  Broomfield Kmart (at least 40 jobs lost), Glenwood Springs Kmart (at least 40 jobs lost), Lone Tree Sears (at least 40 jobs lost), Longmont Sears (at least 40 jobs lost), Pueblos’ South Side Kmart (52 jobs lost).

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).

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 to be closed by 03 February 2013 (69 jobs lost), and recently revealed Hialeah Kmart (67 jobs lost).

Idaho: Lewiston Sears (at least 60 jobs lost).

Indiana:  Anderson Sears (at least 40 jobs lost), Saint John Kmart (at least 40 jobs lost), Indianapolis Kmart (at least 40 jobs lost).

Illinois:  Melrose Park Sears parts and repair center (50 jobs lost), Fairview Heights Kmart (81 jobs lost), Freeport Kmart (45 jobs lost), Pontiac Kmart (more than 47 jobs lost).

Iowa:  Cedar Rapids Kmart (at least 40 jobs lost), Davenport Kmart (at least 40 jobs lost), Burlington Kmart (50 jobs lost).

Kansas: Lawrence Sears (at least 40 jobs lost).

Kentucky: Middlesboro Sears Hard lines, Winchester Kmart, Hazard Kmart.

Maine: Lewiston Sears.

Maryland: Ellicott Sears Grand/Essentials.

Michigan: Brighton Sears Grand/Essentials,  Harper Woods Sears Full line, Monroe Sears Full line, Adrian Sears Full line, Washington Township Kmart, Chesterfield Kmart, Woodhaven Kmart.

Minnesota: Willmar Kmart, Duluth Kmart, New Hope Kmart, White Bear Lake Kmart.

Mississippi: Jackson Sears Full line, McComb Sears Full line, Columbus Sears Full line.

Missouri: Lee’s Summit Sears Grand/Essentials, Saint Louis Sears Full line.

Montana: Missoula Kmart.

New Hampshire: Nashau Sears Grand/Essentials, Keene Sears Grand/Essentials.

North Carolina: High Point Sears Full line, Moorehead Sears Full line, Rocky Mount Sears Full line, Statesville Sears Full line.

New Jersey:  Lawnside Kmart.

Ohio: Chagrin Falls Kmart, Springfield Kmart, two Toledo Kmarts, Medina Kmart, Columbus Kmart, Zanesville Sears (67 jobs lost), and recently revealed Trotwood 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.

Oregon: Roseburg Sears Full line.

Pennsylvania: Upper Darby Sears Full line, Pottstown Sears Full line, Pittsburgh Kmart, Wilkins Sears.

South Carolina: Sumter Sears, Orangeburg Sears (approximately 50 jobs lost).

Tennessee: Antioch Sears Full line, Cleveland Sears Full line, Oak Ridge Sears Full line, Hendersonville Kmart, Morristown Sears Full line.

Texas: Two Sears parts and repair centers closing in The Woodlands (117 jobs lost), rebuild center in Garland (58 jobs lost).

Virginia: Norfolk Sears Full line,  Midlothian Kmart, Richmond Kmart, Lynchburg Sears (84 jobs lost).

Washington: Walla Walla Sears Full line, Lacey Kmart, Kelso Sears, Lakewood Kmart (59 jobs lost), Bellingham Sears (92 jobs lost).

Wisconsin: West Baraboo Sears Grand/Essentials, Rice Lake Kmart.

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

It was recently announced that the Provo, Utah, store will continue operating as a Sears.  Sears Holdings announced that GGP made a lease deal they couldn’t refuse, so they will continue running the GGP owned store.

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

Iowa: Coral Ridge Mall, and Mall of the Bluffs

Texas: The Woodlands Mall

Florida: West Oaks Mall

Utah: Fashion Place, and Provo Towne Centre (note the evil British empire way of spelling town & center)

Oklahoma: Quail Springs Mall

Hawaii: Ala Moana Center

Washington: Bellis Fair Mall

Minnesota: Apache Mall

Illinois: Market Place Shopping Center

Business/Economics, Idaho, International, Technology, U.S.

What Economic Recovery? 3M says sales in the U.S. will continue to fall for years to come! Blames crashing solar power demand in U.S.!

“We will continue our Hefei project, which includes 12 big buildings. I believe, as a clean and stable energy, solar must be promising in the future. I don’t think the behavior of the EU and the U.S. is proper.”-Kenneth Yu, 3M China operations

31 October 2012, U.S. based 3M expects its U.S. sales to fall for the next five to ten years, and they expect China to become their number one market.

In their latest quarterly report, 3M showed a big jump in revenues from Canada and Latin America, up 10.5%.  The United States had increased sales of 2.3%. Sales in Europe, Africa, Middle East and Asia were flat.  However, 3M officials think that over the next decade their sales will boom in China.

They say they will streamline their operations, with their consumer and office supplies division looking like it will be drastically cut due to flat profits.  3M will continue investing in future markets.

3M has already invested $1.2 billion USD in China since 1984.  For the next five years the corporation, formerly known as the Minnesota Mining and Manufacturing Company, is investing $120 million in the solar power industry in China.

3M officials say global demand for solar power products are booming, and China is likely to become the center of the global solar power industry.

As an example of government incompetence, President Barack Obama, with support from the Republican controlled Congress, enacted outrageous tariffs on solar products from China.  It was the death blow to struggling Hoku Materials in Pocatello, Idaho.

The newly built polysilicon factory, in southeast Idaho, had locals hopeful that hundreds of desperately needed good paying jobs would be available.  Hoku’s contracts were with Chinese solar product companies that were directly affected by the tariffs.

Now it looks like U.S. based 3M is jumping ship for better shores in China.