Tag Archives: ows

Business/Economics, U.S.

What Economic Recovery? Updated list of more Kmart and Sears closings! More closings in Illinois! Iowa to lose almost one hundred more jobs!

“There isn’t a Kmart left in the area. This is not their strong suit. But they’ve been a good tenant over the years and good for Streator. Streator had nothing without them. We were happy to have them as long as we did.”-Wayne Fieldman, retail property owner

10 November 2012, it was revealed that a Sears in Coralville, Iowa, and the  Kmart in Streator, Illinois, will close by the end of January.

When Sears Holdings officials announced the closing of the Pontiac, Illinois, Kmart they said employees could apply for jobs at nearby Bloomington and Streator stores: “…opportunity to apply at other Sears and Kmart stores in the area.”-Chris Brathwaite

Problem is, those stores are closing as well!  (at this point reports are unconfirmed about Bloomington, Illinois, store closing)

In Opelika, Alabama, it was announced that a Sears Hometown store will be opening by the end of January.  Don’t get excited.  Sears Hometown stores sell Sears products but they’re independently owned.  The owner says he will employ only ten people.

Here’s the updated list, with the Illinois addition.

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).

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/Great Indoors, 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:  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), recently revealed Streator Kmart (45 jobs lost).  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 (at least 40 jobs lost), Davenport Kmart (at least 40 jobs lost), Burlington Kmart (50 jobs lost), recently revealed Coralville Sears (94 jobs lost, this is a store sold to GGP earlier in the year).

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), Gaithersburg Sears/Great Indoors.

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.

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, Columbus Sears/Great Indoors, 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), Farmers Branch Sears/Great Indoors, Houston Sears Great/Indoors.

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 (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

Hawaii: Ala Moana Center

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

Minnesota: Apache Mall

Illinois: Market Place Shopping Center

Business/Economics, International

Greek Civil War & What Economic Recovery? More proof it’s the fault of the Too Big to Fails!

“In the next few days, we need an agreement on further measures in Greece and additional aid from the other euro area countries to ensure debt sustainability.”-Joerg Asmussen, European Central Bank (ECB)

This statement comes after Greece enacted more government spending cuts, and the Greek Prime Minister promised no more.

Asmussen, of the ECB, said even with the new cuts Greece will not meet the demands of creditors!  The boss of the ECB, Mario Draghi, said Greece is now at the mercy of creditors because the ECB has reached its limit, in being able to help Greece, under current European Union laws.  All this chaos in Greece because of creditors!

This is what a Greece newspaper, Ta Nea Daily, had to say: “Greece cannot take it – and in any case the government will not survive it.”

 

 

 

International

Queen of England appoints oil executive as new Archbishop of Canterbury

09 November 2012, the Queen of England (who is also the “pope” of the Church of England) has appointed Justin Welby as the new Archbishop of Canterbury.

He is an evangelical who supports women as church leaders, and despite his recent anti-homophobia statements, is considered by some people to be anti-homosexual.

He has worked in the House of Lords (den of the elites), and prior to working for the “church” he worked for the French oil company Elf Aquitaine, then became the treasurer for Enterprise Oil of London.

Business/Economics, International

What Economic Recovery? Officials walk out of European Union 2013 budget talks!

09 November 2012, representatives from European countries walked out of the EU’s 2013 budget talks!

There’s a major dispute over an extra nine billion euros still needed for 2012! Representatives from various European countries refused to discuss the 2013 budget with the European Union parliament, until unaddressed funding issues for 2012 were dealt with.

This means many areas of the EU, that’re still waiting for millions in 2012 funding, will probably never get it. The next EU meeting is 22-23 November.

 

 

U.S.

Character does matter! So called Christian David Patreaus cheats on wife, then resigns from the CIA! Or is this an easy out for someone disenchanted with President Obama?

“After being married for over 37 years, I showed extremely poor judgment by engaging in an extramarital affair. Such behavior is unacceptable, both as a husband and as the leader of an organization such as ours. This afternoon, the President graciously accepted my resignation.”-David Patreaus

“Today, I accepted his resignation as Director of the Central Intelligence Agency. I am completely confident that the CIA will continue to thrive and carry out its essential mission, and I have the utmost confidence in Acting Director Michael Morell and the men and women of the CIA who work every day to keep our nation safe.”-President Barack Obama

“…of all the exceptional men and women I have worked with over the years, I can honestly say that Dave Petraeus stands out as one of our nation’s great patriots.”-James Clapper, Director of National Intelligence

“Mr. Petraeus leaves the CIA at a time when it is embroiled in controversy surrounding the events of Sept. 11, 2012, when four Americans were killed in the attack on the U.S. consulate in Benghazi, Libya. After weeks of conflicting accounts of what happened that night, the CIA acknowledged that it had played a central role in gathering intelligence and providing security for the U.S. presence there…………..Petraeus and Obama did not have the close chemistry that the president has with other top officials in his cabinet.“-Wall Street Journal

Business/Economics, U.S.

Sears & Kmart news: Free shipping, analysts warn against buying stocks, former stores turned into apartments for the rich, Sears Canada trying to remake image no more old fogies, how to get your home hired for advertising, no star upon thars for Walmart

Lake Charles, Louisiana, is moving forward with plans for the former site of Sears.  They’ve awarded a contract to a property developer who will build a $20 million USD luxury apartment complex.

In Cleveland, Ohio, hopes are high that someone will bring Sears back to the Bradley Square Mall.  Mall owners say all they need is an independent Sears Hometown & Outlet operator to come in and pay for the lease!    The inventory will still come from Sears, but the store will be independently owned.  So how much will it cost to get started? “The store costs $100,000. The cost breakdown includes $60,000 for furniture and fixtures; $25,000 for store buildout and $15,000 in miscellaneous startup costs.”–Cleveland Daily Banner

Sears Canada (partly owned by Sears Holdings/Hoffman Estates) admits it has an image problem. Despite being recently voted the favorite department store of Canadians, the CEO says it needs to stop catering to the old fogies:   “Our brand personality is older. It’s traditional. It’s less popular and some would say uninspiring. Sears needs to recreate an image and redefine what we stand for….”-Calvin McDonald

Sears Canada is starting the image make over with a new slogan: “Make every day a great day”  (I wonder if that’s what they tell the people they layoff?)

To increase internet sales, Sears and Kmart will offer free shipping as part of their Shop Your Way Max membership program, or if you buy more than $49 worth-o-crap off their website.

And while Sears and Kmarts are being closed, supposedly because there’s no money, Sears Holdings is spending big money on Apache Hadoop, a high scale, open source data processing platform, in order to track everyone who’s part of the Shop Your Way program.

The Motley Fool is warning investors to stay away from Sears and Kmart stocks: “Foolish investors should follow Buffett by staying away from Sears and loading up on shares of its rival, Walmart.”-Jonathan Yates

By the way, why does the main stream media always add a dash between Wal and mart? There’s no dash between Wal and mart, and mart is not capitalized. It’s Walmart.  I hates Walmart, but at least I spells it correctly.  Actually here’s the history: From 1962-64 there was no dash.  From 1964-92 there was a dash.  From 1992-2008 there was a star.  Since 2008 Walmart has gone back to no dash or star upon thars (but there’s like an astric following Walmart*).

The inventor of the Bionic wrench is suing Hoffman Estates. He says he patented his bionic wrench in 2005, it’s made in the United States. He claims that the Sears Craftsman brand is selling their own version called Max Axess, and it’s made in China.

So you’re thinking of ways to make more money, probably to make up for your decrease in wages or benefits. If you’re lucky enough to still be in the home you’re buying (or even luckier, the home you own) then why not rent it out to advertisers?

A home in Naperville, Illinois, was used in June for upcoming Xmas advertising for Kmart.  Here’s what the advertisers are looking for: Newer homes that don’t have a lot of trees or bushes, because it’s easier to “dress up” the home for a particular add.  Quite neighborhoods, and for some reason they like porches.  Also, the local governments must be willing to work with the advertising companies doing the production shoots, meaning they better not charge outrageous city fees for such work.  Advertisers claim they try to respect neighbors and keep production noises down, and try not to block the street for too long.

Business/Economics, U.S.

What Economic Recovery? Double whammy for ancient building; first Sears leaves, now the U.S. military is withdrawing! Anybody got $3.8 million to spare?

In the city of Albuquerque, in the U.S. state of New Mexico, an ancient building was vacated once again.  This time the U.S. Department of Defense has given up the ghost at the ‘Sears Building Downtown’.

The building was built for Sears in 1936.  Sears left the building and it was bought by a property developer in the late 1980s.  It was then remodeled into an office building, and was being used by the U.S. military as an inprocessing center.

This year (2012) the military withdrew from the building, to a new location. The owner is now asking $3.8 million for the large building (basement, 1st floor and two spaces on the 2nd floor are available for quick sale).

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

What Democracy? Idaho voters fools, lap top proposition a done deal to help save HP!

The Idaho media reported that the majority of Idaho voters turned down propositions that were an attempt to make public education better (Idaho consistently ranks low in quality of education in the United States, I guess most people in Idaho are happy with that).

What the dumb voters (encouraged by the dumb Idaho media) don’t know is that those propositions are not going away.  State legislatures will simply revisit those proposals, and can even pass them as laws without voter input (they’ve done it before).

But here’s one good reason that Proposition 3 (provision of computing devices and online courses for high school graduation, aka lap tops for students proposal) isn’t dead: Hewlett Packard was already awarded an eight year $180 million USD contract to provide those lap tops, back on 23 October!

Now you voters in Idaho don’t want to be responsible for anymore layoffs there at the Boise HP Center, do you?

Here’s some of the latest data to show you how bad education is in the Gem State:

Montana State University:  Idaho ranks 33rd for teacher quality.  Idaho ranks 35th for education input.  Idaho ranks 33rd for education social impact.  Idaho submitted no data for the education output & education efficiency rankings.

Quality Counts Education Survey, 2012: Idaho ranks 47th (tied with Nevada). 

CNBC Business ranking 2012:  Idaho ranks 48th in the survey’s Education category, a drop from 45 in 2011.

U.S. Census Bureau: Idaho ranks 50th in school spending.  I’m normally against increased spending, especially since most of the money goes to administrative costs and not actual education, or is not even accounted for, (and it seems year after year I have to pay more fees, besides property taxes, for my high school aged kids).  But maybe there is a correlation here?  However, according to National Kids Count Program (2009 data), when you adjust spending on regional cost of living then Idaho actually spends more than California, per student! Ah ha!

Here’s the problem I have with increasing funding: For example, School District 25 gets millions and millions of dollars from local property taxes (technically they’re called fees, which is why school officials get away with telling voters that school bonds/levies will not raise “taxes”.  A few years ago a local newspaper article revealed that just one major employer in Pocatello pays $1 million yearly in school fees on their property tax bill!).  Then they get money from the State and Federal governments (again from our taxes we pay).  Then, supposedly, they get millions from Powerball Lottery (at least that’s what the lottery advertisements say).  Oh, and I almost forgot the grant money, and computers they get donated from corporations, like the Albertson’s Foundation (I remember when my kids were attending Chubbuck Elementary [little more than ten years ago], seeing the school get new computers almost every year, and one year one of my kid’s teachers admitted that she didn’t even use them ’cause it was too stressful for her to learn how!)!  Yet school district officials are always whining that they don’t have enough money!  I want to see an investigation and a detailed breakdown of where all that money goes!

And if the votes of Idaho voters really count, then what’s going to happen to the $180 million HP is getting for Proposition 3, the Proposition voters just rejected?

(Here’s an update for 09 November 2012: my youngest daughter came home from school [she’s a Junior at one of the local high schools] saying that teachers were trying to explain that the “lap tops for students” was still happening, despite the election results.  You see, your votes really don’t count!)

Opinion, U.S.

Voter Incompetence & What Economic Recovery? Your elected officials spent $6 billion to get you to vote to maintain the status quo! Election monitor says election process defective! Black Sabbath is right!

“…there are real concerns over issues such as voting rights, the accuracy of voter lists, the transparency of campaign finance, recount procedures and access for international election observers.”-Daan Everts, Head of the OSCE/ODIHR Limited Election Observation Mission

So the big concern is over the looming automatic austerity measures/fiscal cliff? If that’s so, then why did the political leaders of the United States spend at least $5.8 billion USD tricking the voters into maintaining the status quo?

According to the U.S. main stream media, U.S. voters picked the same president, same Congressional House and same Congressional Senate (political party wise)!  So much for Hope & Change/Real Change!

Just think what that $5.8 billion could have been used for!  “You’re all fools! the Mob rules!”-Black Sabbath, 1981

https://youtu.be/cATPLk559XY

 

Business/Economics, International, U.S.

World War 3 & What Economic Recovery? Greece in Civil War, elected officials join rebels, parliament falling apart!

“It marks the beginning of the end of the coalition government and offers a textbook example of the terminal decay of a system of power.”-Costas Douzinas, The Guardian

08 November 2012, the situation in Greece looks like it’s deteriorated to the point of a full blown Civil War, with members of parliament being kicked out and joining the protestors.  Protests have become violent, with people directly attacking police.

Unemployment in Greece hit record levels in August; 25.4%!

Protests turned into riots a couple of days ago, as the parliament worked to pass yet another round for spending cuts and tax increases (austerity measures/fiscal cliff).  The Greek Prime Minister tried to calm things down by telling the people these would be the last austerity measures, but like Aesop’s boy who cried wolf, no one believes him!

During the parliamentary wrangling over the austerity bill, parliament employees/staff went on strike when an amendment was introduced to cut benefits for parliamentary staff members!  The strike ended when the amendment was dropped.

The new austerity includes more cuts to government employee pay, as much as 35%!  And this time even central bank employees and judges will not be spared.  25,000 more public sector jobs will be eliminated.

Here’s proof that the Greek “democratically elected” government is not democratic nor free:  Elected officials who voted against the cuts were expelled! At least seven Members of Parliament were kicked out of their own political parties!