Re: Depression Diary
Double-A
"Oregon officials have charged tax foe Bill Sizemore and his wife with
tax evasion for their failure to file state tax returns the past three
years, the first time Sizemore has faced criminal indictment in more
than 15 years of political activism."
http://www.oregonlive.com/politics/index.ssf/2009/11/sizemore_wife_charged_with_tax.html
(This is what state government does to a guy who took a couple of
petitions to the people, who then voted in property tax limitations,
forcing government to scale back their budgets, downsize, slice off
government jobs, including teachers, but everyone's taxes were lower!
In the process, the teacher's union has become his sworn enemy and has
done everything it could to destroy him! If they can't get you for
anything else, they'll get you on a tax charge. Hell, I haven't filed
any returns in a couple of years now either. There's no law against
it if you can prove you didn't owe any taxes. In fact the government
likes people who don't file when they have refunds coming!)
GE returns to roots as it looks to spin off NBC!
"WASHINGTON - For General Electric Co., the NBC entertainment division
was always an odd fit."
New shelter opens tonight in Hillsboro for homeless families,
individuals!
"Shelter at Orenco Station has room for 25 people on a first-come,
first-served basis, including families and single men or women."
(Whoopee! 25 people! That's all?)
AOL falls short of S&P 500 listing!
"The freshly minted AOL will be added to the S&P MidCap 400 Index when
it is spun off from Time Warner next month, falling short of
requirements to be listed on the more broadly followed S&P 500 Index."
Credit-card delinquencies near record high!
"BOSTON (MarketWatch) -- Fitch Ratings on Wednesday said late payments
on credit cards rose again in November and are close to setting record
highs as consumers continue to struggle to pay off debt in a weak job
market. Payments that are late by at least 60 days rose to 4.41% in
November. Late-stage delinquencies are 31% higher than a year ago and
just below the record high of 4.45% set in June, the ratings agency
said. "Credit-card delinquencies are on the rise again and cardholder
defaults will retest recent highs as we head into the new year," said
Michael Dean, managing director at Fitch. "Consumer credit quality
remains under significant strain as a result of the persistent
weakness in the labor markets.""
Video stores a casualty of technology!
"Growth of movie rentals online and on demand, through the mail and
from the bright red kiosks that line the entrance of many supermarkets
is leading to the demise of one business -- video stores. The latest
movie retailer to take a hit from the competition is Blockbuster. The
video store giant recently announced that more than 900 stores could
be shuttered by 2011. That's 20 percent of the company's total number
of stores."
Bankruptcies:
Fairvue Club Properties files Ch. 11 [Nashville]
General Growth files reorganization plan [South Florida]
Judge gives Tribune more time for bankruptcy plan
Closing:
Lake County Boys Group Home
(Sure. Turn those boys back to the streets and watch them turn bad!)
Old Navy Store in Wytheville
Update: Old Time Pottery - Holds Liquation Sales at 8 Locations
Wells Fargo to Close 122 Branches in California
Daytona Middle School Could Close Next Year
Famima in OC
Webster Correctional Institution Possibly Closing
Exelon Corp. to Close 4 Power Generating Units in Philadelphia
Blackthorne Antiques & Interiors
Northern Trust Golf Course ( International )
Boyer's Food Markets in Shoemakersville
White's Music Center in Tulare
Healthy Malden
American Sound Recording Studios
Three Lexington PNC Bank Branches
Layoffs:
US Airways - Plans 260 layoffs at La Guardia
City of Santa Rosa - 24
Update: Georgia Pacific - 160 Layoffs?... More Details Friday
The Miami Herald - 24
Permanent TSB ( International ) - 120
Town of Williamsport - No Layoffs , But Reduced Hours / Furloughs
Carroll County - 18 , and 44 Vacant Positions
Marionnaud Group ( International ) - 582
The Northern Transportation Company Ltd - 10
Pfizer Notifies NY of 414 Layoffs
Fowlerville Schools - Several Layoffs Proposed
Merrill Area Public School District - 3
Air Force - Possible 3,700 Job Cuts
Baton Rogue - Layoffs?
Newseum - Trims More Staff ?
Time Warner Cable 6's Newsroom - 10
United Solar Ovonics - About 90
Electric Boat - Postponed 96 Layoffs Till After Holidays
Old Bridge Township NJ - 9
Denver - > 80 Layoffs Because of Some Employees Taking Early
Retirement
City of Kalamazoo - 40
The Greenspun Media Group - Layoffs Today
Double-A
HVAC
"Double-A" <doub...@hush.com> wrote in message
news:b6d9fc87-1003-4b9c...@d20g2000yqh.googlegroups.com...
Oregon charges anti-tax activist Sizemore, wife with tax evasion!
"Oregon officials have charged tax foe Bill Sizemore and his wife with
tax evasion for their failure to file state tax returns the past three
years, the first time Sizemore has faced criminal indictment in more
than 15 years of political activism."
Ya. We had some people that claimed that the constitution
says that they didn't have to pay income taxes here in NH.
They were holed up in their house for months.
I thought it was going to end ugly..... Waco style.
Eventually they were arrested and jailed, along with a few
of their supporters.
The government has no choice in these matters except to
railroad these high profile tax evaders, lest the entire
system come crashing down.
--
The world will scream out, "Help Us!"
I'll answer, "No".
G=EMC^2 Glazier
by May of 2010 the people will know the worse is around the corner.
Stimulus was just a holding pattern. No credit no new homes or cars.
Time for all to wait for bus in the rain. In the 30s you could put out
your thumb and get a ride. No more rides Bert
Double-A
Yup!
College graduates' loan debt climbs to record levels!
"Jessica Hiddleson never thought she'd be on food stamps after
graduating from college.
But with $18,000 in student loan debt and a part-time minimum wage
job, the 22-year-old needed the help. She deferred her loan payments,
but she still can't afford her rent in Ashland, so she's moving home
to Albany and her parents next month.
Hiddleson and other new college graduates are getting a tough reality
check as they hit the toughest job market in decades while saddled
with record loan debt.
A national report released Tuesday shows just how hard it is for them:
More than 60 percent of Oregon's 2008 graduates in public and private
colleges took loans averaging $21,029. That is the 22nd highest debt
rate in the nation, and just slightly lower than the national average
– a record high of $23,200.
Aggravating the problem is their difficulty in finding jobs that
enable them to pay off their loans. National unemployment rates for
college graduates ages 20 to 24 rose from 7.6 percent in 2008 to 10.6
percent this year, according to the report by The Project on Student
Debt, part of the Berkeley-based Institute for College Access &
Success.
"It's pretty rough," said Hiddleson, who graduated from Southern
Oregon University in June. "I'm pretty much taking whatever jobs I can
get, and I'm thankful for them.""
* * * * *
Double-A
G=EMC^2 Glazier
starve trying to sell siding or room additions. and replacement windows.
I have only one idea left and will try it this spring. My friend Jeff
that bought the house across from me told me today he might lose his
job. Right now he is on part time. No money and that house will be
auctioned off again. Reality is my house has lost 75% of its value. That
is true just about all over Osceola. People owe more than their house
is worth. go figure Bert
Double-A
"Wilsonville software company says it sees signs of recovery, but its
stock falls in after-hours trading."
Farmers Insurance fined for rerating policies using credit scores!
"Oregon regulators levy a $10,000 after Farmers boosted premiums on
1,050 policies based on credit histories."
DeFazio calls for tax on financial transactions but critics abound!
"Rep. Peter DeFazio proposes a tax on Wall Street trader to help
finance a federal jobs program and to whittle down the deficit."
Tektronix eases salary cuts!
"SILICON FOREST BLOG: Ten percent salary cut reduced to 5 percent,
employees say."
(Whoopee!)
US service sector activity, retail sales down!
"Further evidence that the economic recovery will be a slow and bumpy
one emerged today with reports that service sector activity and retail
sales unexpectedly shrank."
Defunct trade school agrees to $3.2M settlement with ex-students in
Oregon!
"The deal, pending court approval, affects students who attended the
Business Computer Training Institute's Beaverton and Salem campuses."
Portland area housing prices still looking for a bottom!
""We didn't expect it would be as bad as it got," real estate
consultant Jerry Johnson says following his presentation to the Home
Builders Association of Metropolitan Portland."
Unemployment unchanged or worse in most U.S. metro areas, including
Portland!
"The Portland-Vancouver-Beaverton unemployment rate remained flat in
October, while Bend posts the highest and Corvallis the lowest
unemployment."
Rates on 30-year mortgages set new record low!
"WASHINGTON - The average interest rate for a 30-year mortgage dropped
to a record low of 4.71 percent this week, pushed down by an
aggressive government campaign to reduce borrowing costs."
Retailers report surprise drop in November!
"NEW YORK - The nation's retailers, particularly clothing merchants,
suffered miserably through November as a modestly positive start to
the holiday shopping season wasn't strong enough to offset weak
spending the rest of the month."
The McClatchy Company Expect Pension Fund to Lose 32 Million
FedEx to Raise Ground, Home Delivery Rates by About 5%
Mortgages Rates Fall to New Low, Lowest Since at Least 1971
Fed's Bullard says Oil, Gold Spike Not Inflationary .......
Bankruptcies:
General Growth files reorganization plan [Charlotte]
NutraCea downsizes offices as part of Chapter 11 reorganization
[Phoenix]
Stock Building Supply properties up for auction [Raleigh/Durham]
Ciena's Nortel bid gets bankruptcy court OK [Washington, D.C.]
NYC's Off-Track-Betting Seeks Bankruptcy Protection
Closing:
The Chick-Fil-A in Schuylkill Mall
Iggy’s Sports Grill in Meridian and Idaho Falls
Whitaker Foods in Waterloo
Iowa Mental Health Centers - At Least 1 will Close
The Nelson and District Arts Council
National Geographic closing Adventure Magazine
McElroy Tire
Terex Load King in Elk Point - 73 Jobs Eliminated
Quality Markets in Ellicottville
Shop Rite in Warminster Pa - 50 Layoffs
Linamar Corporation ( International ) Closing Canada Plant - 134 Jobs
Lost
Camp Appalachian Wilderness
Verizon Call Center in Shreveport , and others
Farmington Medical Supplies and Services
New York City - 4 Schools Closed with More to Come
Regole's Harvest Shoppe
Jimmy John’s Gourmet Sandwiches & Talbots Clothing Store in Downtown
Ames
Update: Fashion Bug in Norwalk
Qwest will close its directory assistance operation in Duluth
Mimi's Plus
Kindred Healthcare Inc in Modesto
Beecroft & Bull Closing Hilton Village Store
Century Boat Co in Pamela City
Update: Dollar Store in Pasco
Layoffs:
Waurn Ponds Blue Circle plant - Job Cuts Coming?
Update: Florida A&M to Consider Furloughs and Layoffs
Lockheed Martin - Lay off 600 Workers that likely to be DFAS workers
The Peabody Essex Museum in Salem - 16
The Port Authority of New York and New Jersey - Plans 150 Job Cuts
Thomson Reuters Corporation - 240
Fuzzyeyes Gaming - Confirms Layoffs
Teleperformance USA - 151 in Dublin
FirstCare Health Plans - 88
Alcoa Australia Rolled Products ( International ) - 90
Canada / Restaurants Owners - New HST Tax Could Cost 10,000 Jobs
Neiman Marcus Inc.’s - Outsourcing More Jobs
Goochland's School - Proposes 20 Cuts
Human Kinetics - 30
IberiaBank - Possible Layoffs at Some of The Failed Banks its
Purchased
Luzerne County - Job Cuts / Furloughs Possible
Regence - 5% Workforce Reduction
Ericsson ( International ) - 600
North Star Foodservice of Pennsylvania - 10
Williamsport Firefighters - 3 Jobs on the Line
Marine Corps Logistics Base in Barstow - 395
Chicago Park District - up to 100 if Union Don't accept Furlough Days
City of Villa Rica - 9
City of Des Moines - 55
Consumer Health Interactive - Entire Editorial Department
Maine Community College System - Job Cuts Likely
Update: Visteon Corp - 187 Temp. Layoffs to Become Permanent Layoffs
Dartmouth College - $100M in Cuts = Possible Layoffs
Harley Davidson York PA Plant - Union Agree to Huge Job Cuts - 900+
Double-A
G=EMC^2 Glazier
control. best to keep in mind it was the Godfather's giving small
business "protection" that got him his first bucks. Now small business
is flushed down the toilet. Not even USA presidents will go against the
Mafia,for its Mafia bucks that got them elected. Obama is no exception.
M&M is long gone It had its day and those good old days are gone for
good. America has lost its balls Bert
Double-A
St. Louis business bankruptcies up 16% from last year [St. Louis]
New Jersey Losing $22,000 a Day With Swap For Bonds Never Sold
Bank of America to Repay Bailout by Selling $19.29 Billion in
Securities
Reported: November Jobless Rate 10.% and 11,00 Jobs Lost ......?
Bankruptcies:
Retailer Limetree
New York City OTC
Eco2 Plastics Inc - Chapter 11
Daily Grind Unwind Inc - Chapter 11
The Indiana Troopers Association Fraternal Group
Closures:
Gerbes Pharmacy in Fulton Closes Today
Fella Bella in Downtown Lebanon
Update: Minnesota Correctional Facility
Warren Hospital Closing Drug & Alcohol Center
Owens Inc Closes 2 Shawano Plants - 150 Jobs Lost
Rock and Roll Hall of Fame Annex in New York City
The N.C. Chamber
Natale's Men's Clothier
CD Connection in Jacksonville Beach
Publix Supermarkets at Memorial and Northfield
Nokia Closing Regent Flagship Store ( International )
Maternity Unit at Willingboro Hospital?
Standard Motors
Sunoco Plant in Westville Closed - 400 Jobs Lost
Layoffs:
Update: Jefferson County - 18 Sheriffs
Josam Co - 8
Avid Technology Inc - 120
Telus ( International ) - 125
Bank of Bermuda - Warns of Layoffs
Toyota Formula One facility in Cologne, Germany - 500 to 600
Update: University of Georgia - More Jobs Cuts May be Needed
Berkshire Hills Regional School District - 9
Lincoln Foodservice Products Inc - 190
Corus ( International ) - 1,700
Saugerties school district - 36 Possible Layoffs
Calhoun County - 5
ZymoGenetics - 52
MiddleBrook Pharmaceuticals - 145
Pfizer ( Pearl River Facility ) - 200
Abbott Laboratories - 80 Temp. Layoffs
Upper Deck Co. LLC - 33
The Motion Picture Home - 13
Energy Conversion Devices - 400
Double-A
Double-A
"September's rate of 63 percent - down from 70 percent in May - towers
over rates in any other part of the state."
(Warm Springs Indian Reservation in Oregon.)
Idaho's Tamarack Resort at a standstill!
"The central Idaho resort, which opened in Christmas 2004, is now a
target for bargain hunters."
Oregon Iron Works will build first buoy for wave farm off Reedsport!
"A New Jersey firm has hired Oregon Iron Works to build the first of
10 wave energy buoys that it will begin installing off the Oregon
coast."
Slim-Fast initiates massive recall over health fears!
"The New Jersey-based company that makes Slim-Fast has announced a
massive recall of the diet drinks over fears they're contaminated with
a harmful bacteria."
Economist Tell Cattlemen it will Be Tough in 2010
COBRA Catch 22 for December Layoffs
Congress Moves to Extend Jobless Benefits
Closing:
Wanamingo Chevrolet
Update: Rainwater Restaurant in San Diego
Tinty’s Furniture in Bristol
Rite Aid on Fairview in Boise
Metropolitan Distributing Co. Moving/Closing?
Jo-Ann Fabric & Crafts store in Monroe
FSI Fulfillment Systems Inc.- 93 Jobs Cut
Frost Cadillac in Newton
Fairlawn Early Learning Center
FastCare clinic in Shopko
Layoffs:
Georgia Schools Face - Layoffs / Furlough / Larger Classes
Hospital of Saint Raphael - Service Cut / Job Layoffs Possible
School Specialty - 40 to 50
Alcoa Wenatchee Works - 10
CTA - Plans Layoffs 2010
Double-A
Double-A
(Those staff cuts at the news services are starting to show!)
'Buy local' movement takes off at Providence shops!
"PROVIDENCE, R.I. - Providence is among many cities and states that's
pushing a "buy local" philosophy this holiday season."
Oklahoma man sentenced for money laundering!
"EDMOND, Okla. - An Edmond man has been sentenced to 30 months in
prison for money laundering."
(There are laws against money laundering! Interestingly, there seem
to be no laws against soiling it!)
Nebraska Business will Be Hit With Sharp Increase in Unemployment Tax
Kuwait Sells CitiGroup Stake For $1.1 Billion
FCC Asks Verizon Wireless to Explain Doubling of Fees
Town of Harrison , Westchester County NY - Could See 21% Tax Increase
Closing:
Lambda Rising Bookstore
The New Vista Theatre Company
The Goody Shop
Skinner Sales and Service of Juneau
Fashion Kraze will close its Gouverneur store
The Richmond and Roanoke armories
Thousand Springs State Park May Close if More Cuts Are Needed
ALD Thermal Treatment in Blythewood
Warner Co. Jewelers Closing Fresno Location and Downsizing
New Directions to Hope
Today Realtor Advisors Inc Dallas HQ
FYE in Hoover
Layoffs:
San Francisco Parking Cops - 24
Wells Fargo - 26
Westchester Medical Center - More Job Cuts?
Airlines at L.A./Ontario International Airport - 22% Wage Increase
Could Result in Layoffs
Mount Vernon - Layoffs Possible
Partygaming - 200?
Karachi Electricity Supply Company ( International ) - 160
Double-A
Double-A
"WASHINGTON - The Federal Reserve says consumers borrowed less for a
record ninth straight month in October. It was another sign that
consumer spending will remain weak, making it harder for the economy
to mount a sustained rebound."
Gresham OR offers $10,000 loans for those wanting to buy foreclosed
homes!
"The federally funded program would cover 43 houses in the city, but
they must be in specific target areas."
(Think that will cover it? Maybe at the prices they're going for!)
Hundreds of claims filed in Jesuits in the Northwest bankruptcy case!
"More than 500 claims have been filed in the bankruptcy case of the
Jesuits in the Northwest. The Society of Jesus, Oregon Province,
declared bankruptcy in February, saying it couldn't pay for hundreds
of pending or threatened sexual-abuse lawsuits. Nov. 30 was the
cutoff for filing claims. So far, 554 claims have been logged, most
stemming from sexual-abuse allegations. The Oregon Province,
headquartered in Portland, already has settled more than 200 claims."
(The Jesuits, once the backbone of the Inquisition, now apparently
devote themselve to buggering little boys backsides!)
Old Time Pottery to close Memphis location [Memphis]
Retail bankruptcies may hit new wave in 2010 [Phoenix]
State investment goes sour: Bankrupt company not likely to pay back
$20 million loan [Portland]
Molina Media Group files for Chapter 7 bankruptcy [Phoenix]
Feds investigate disaster Restoration execs: Fireline Restoration
founder faces bankruptcies, fraud allegations [Tampa Bay]
AG Report: Nonprofits Get Only 41% of Proceeds from Professional
Fundraisers
(And that's even before the nonprofits management takes their cut!
The President of the national United Way was pulling in 1.2 million
before they fired her last year!)
Jaxport Cargo Down 19% in October
US State News: 29 States Hike Taxes in 2009 - Totaling $23.9 Billion
Generation Brands - Files Chapter 11
Swing Zone Family Fun Park - bankrupt!
Closing:
Yarbrough’s Family Restaurant
Xstrata Copper Canada - Kidd Creek Metallurgical site (Canada )
Lott-Mather Chevrolet in Haines City
San Diego Unified Doing Away With Football Program?
Elevations Credit Union Closing 1 Branch in Erie
Grafton Garage, formerly Grafton Dodge
Alpin Haus Closing Clifton Park Location and Consolidating
Sheringham branch of HSBC bank ( International )
Calpyte Biomedical Corporation in Danger of Closing, Unless it can
obtain Funding
Update: Logistics Management Corp
National Irish Bank Closing 25 Branches
Update: 18 National Guard Armories to Close
PaperlinX Ltd Closes Australia Location
Automated Research and Marketing - 100 Layoffs
Update: Center for Maine Contemporary Art Closure Causes Outrage
North Star Craft Brewery
Bloedel Conservatory in Vancouver’s Queen Elizabeth Park Possible
Closure
Some PayDay Lenders Closing Shop Due to Restrictions
Layoffs:
Liz Claiborne Inc - 115
State of Kentucky - Layoffs Possible Next Year
The Flint Generals Hockey Club - 20
Vestas Shutting Down Production for Unknown Time - Up to 500 Workers
to be Furlough
San Jose City College - Possible 15 Layoffs
Milwaukee Journal Sentinel - 39
Tulsa Public Schools - up to 100 Administrative Jobs
Variable Annuity Life Insurance Co. - 121 Jobs Moving to another
Office, Some Layoffs
CenterPoint Teleservices - 60
The Flint Area Convention & Visitors Bureau - 4
The Indiana State Police - 42
Kehe Food Distributors - 91
Elevation Credit Union - 13
Kansas City’s Aviation Department - 3
Perry County - 16% Tax Increase / Layoffs
City of Des Monies - 55
LPGA - Layoffs Helps Cut Budget
Update: BAE Systems ( International - Insyte Division) - 462
IMG - 200
The Swan Hose facility - 72
IBM Sterling Forest - If There are Layoffs = Loss of Tax Breaks
Island County - 8 More
City of Ann Arbor - 14+
Small Business Job Losses to Continue
Double-A
G=EMC^2 Glazier
make sure the banks could not foreclose. Make sure the original owners
had a chance to keep their homes. after all is said and done it was bank
fraud . Banks got trillions families got 0,and their credit rating
hitting bottom So sad so true. It could never happen in a democracy.
Bert
Double-A
The government was promoting home ownership. The banks were
encouraged to loan money to borderline qualified customers. Automatic
increases where scheduled into their adjustable rate mortgages,
assuming those people would get raises and be able to afford bigger
payments later. Any slowing of the economy could bring down this
house of cards. Bank executives are paid their multimillion dollar
salaries because they are the best and the brightest. Therefore there
is no way they could not have been smart enough to know this was going
to happen. Doing business in a way that gooses current profits at the
cost incurring future catastrophe after you have retired to the
Bahamas with your final multimillion dollar bonus is criminal! But
that is what happened!
Double-A
Double-A
"A quarterly survey from the Business Roundtable released today found
that 19 percent of the CEO expect to expand their work forces, while
31 percent predict a decrease in the next six months. That's slightly
better than the 13 percent who expected increased hiring three months
earlier. At that time, 40 percent forecast cuts."
Weyerhaeuser's sale of Warrenton mill will put 94 out of work!
"Weyerhaeuser Co. plans to sell its Warrenton mill to Hampton
Affiliates, a family-owned forest products company."
Fidelity: Gen Y buried in plastic debt [Boston]
Arena league sale helps Fifth Third recoup some losses [Cincinnati]
Kansas City condo developer Buckeye Development files Chapter 7
bankruptcy [Kansas City]
Dan Stern Homes, owners file for Ch. 7 [Nashville]
General Crane files Chapter 11 [South Florida]
84% of Americans Believe we are Still in a Recession
New Plan: 'Spend our Way out' of Recession
(On freshly printed money?)
More Firms Plan Layoffs Than Hire in Early 2010, Study Says
YRC Shares to be Deleted From Dow Jones Index
Closing:
Jetton to Close Consulting Firm
Pacific Grill in Downtown LA
The F.Y.E. Store at the Wilson Mall - Part of the 125 Nationwide
Closing
Clay Bezel Jewelers in Port Angeles, Washington
Smucker's in West Fargo - 141 Job Losses
Transoma Medical Inc
The Cookie Cafe in downtown Rock Hill
Southwest Federal Credit Union in Mesquite
Publix Westside Village Store in Alanta?
Update: Wayne-Westland Community Schools Still Plans 6 Schools to be
Closed
Muncie Animal Shelter to Close
Cardinal Dougherty High School Closing Next Year
Update: The Lott-Mather Closes Group of General Motors Dealerships
Market Rug Co.
The Artworks in Fairbanks
Weyerhaeuser Company to Sell Warrenton Lumber Mill - Closing likely
with 140 Jobs Lost
Wyoming County SPCA Possibly Closing
Key Club Closed Last Week
Layoffs:
GMAC Financial Services - 45
Convergys ( Winnipeg) - 500
St. Vincent's Hospital Manhattan - 180
Village of Mariemont - Possibly 3
Tobyhanna Army Depot - 161
Update: Ericsson - Up to 1,000
Consol Energy - 2 Plants Idle - 500
Kansas City Schools - 1,000 To Many Employees
City of Minneapolis - 100 Layoffs Next Year
Orbit- Showtime - 140
Village of Palatine - 3?
Riverside Unified School Teachers - 124
Bryon Center Schools - 12
City of Minneapolis - 2010 Budget = 55 Layoffs
Los Angeles Unified school District - Possible 5,000
United Arab Emirate ( International ) - 1/5 Lost There Jobs in Past 12
Months
City of Ludington - 5
Shelton Schools - Layoffs Likely
Farmers Insurance Group - 200
Emory University Campus Services - 12
Grand School District - $2 Million Error = up to 45 Layoffs
KeyCorp Ohio - 150
An Post ( International ) - 1,300
Greenspun Media Group Cuts Staff Again?
Double-A
G=EMC^2 Glazier
built and sold in USA Her would be the end results. China and Japan
would flood the market and sell them under cost. It happened in the
70s,and it will happen easier now. America in not competitive. Its
people are now going broke. Its shop at Walmart and pay less. Walmart is
what is wrong with America,for it sells only China goods. Made in China
&sold in Walmarts. Its the rage,and plague of America. Melt the Statue
of Liberty to have copper at the bottom of pots made in China. get the
picture Bert
HVAC
news:26442-4B...@storefull-3253.bay.webtv.net...
No. The US needs to LEAD... not try and compete with
cheap Chinese labor.
We should be leading the field in energy production.
Solar, wind, nuclear..... All of it.
If we had taken that trillion dollars and spent it on these
types of projects, we would have the jobs that we wanted
AND get off the oil tit forever.
Instead, we squandered the money on foolishness.
--
All truths are easy to understand once they are discovered; the point is to
discover them. - Galileo Galilei
Nightcrawler
"HVAC" <harlowc...@gmail.com> wrote in message news:hfod51$hev$1...@hvac.motzarella.org...
> No. The US needs to LEAD... not try and compete with
> cheap Chinese labor.
Yep, and the U.S. can start by banning imports from China. Wait, the morons in DC needed
China to fund the social programs. Sorry, my bad. I thought it would have been enough for
the Dems to give them our nuclear and missile system secrets, but that was in exchange for
campaign contributions. Silly me...
Double-A
"{The Obama administration's pay czar is limiting the cash
compensation for executives at companies that received the largest
taxpayer bailouts to $500,000."
(It's about time!)
Portland foreclosure rate doubles in October from year earlier!
Suntron to shut down Newberg plant, lay off 190!
"The Arizona-based electronics manufacturer will close its Oregon
facility by the end of March, according to Newberg officials."
Nielsen shutters Editor & Publisher, Kirkus Reviews!
"The trade publisher also announces plans to sell some of its most
prominent journals, including The Hollywood Reporter and Billboard."
Government mortgage relief program helps only 10,000 homeowners!
Site of boarded up downtown Burger King will be health clinic!
"Central City Concern plans to build a two-story, $12.5 million health
clinic on the site, replacing one of the most blighted buildings in
downtown."
(But it was such a fun place! Whoppers being sold inside the door,
drugs and sex being sold outside the door!)
OREGON ATTORNEY GENERAL ANNOUNCES OREGON'S 20 WORST CHARITIES!
http://www.doj.state.or.us/charigroup/pdf/oregons_20_worst_charities.pdf
(With all of these less than 20% of donations goes to the cause, with
some as little as 3%!)
Billionaire Adelson receiving Zionism's top award!
"LAS VEGAS - Billionaire casino-resort developer Sheldon Adelson has
been given a rare Zionism award for a lifetime of supporting Jewish
causes."
(You reading this, Brad?)
Connecticut going after online cigarette buyers!
"HARTFORD, Conn. - Connecticut officials are going after more than 900
state residents who bought cigarettes on the Internet but didn't pay
state sales taxes as required by law."
(What happened to the Internet as a tax free environment?)
Arizona Food- Stamp rolls up 37%!
Video: What Recovery? America's Problems "Getting Worse, Not Better":
Jim Rogers!
Federal Workers Earning Six Figures Increased Rapidly During the
Recession!
Bankruptcy news:
Henry S. Miller Commercial agrees to enter bankruptcy [Dallas]
Colorado InkStop stores hold bankruptcy liquidation sale [Denver]
Foreclosure expected for 3rd Veranda Park building [Orlando]
Bankrupt ethanol plant sells for $15M [Portland]
Greater Atlantic Financial ponders liquidation [Washington, D.C.]
Olana Restaurant - bankrupt
Citadel Broadcasting Corp - Prepares for Bankruptcy
National Home Centers Inc - Chapter 11
Joffco Square Shopping Center in Chicago - bankrupt
General Crane - Chapter 11
Closing:
Patheon Inc ( International ) to Sell or Close Puerto Rico Plant
Volvo Construction Equipment Closing Ashville NC Facility by March 31,
2010
The Kansas National Guard Closing 18 Armories, List to Be Announced
Today
Saturn of Augusta
Crowe Manufacturing Services in Dayton OH Closing Next Week?
First American Homebuyers Protection Closing its Odessa office
Pala Middle School Closing Next Year
Roper Brothers Lumber Company Closing Today
Allerca - Allergy Free Cat Business
The Illini Market
Global Detailing
Wendy's in Japan Closing all Stores 71
FrieslandCampina ( International ) Closing 6 Sites - Total 624 Job
Losses
Waldenbooks will close its Victoria Mall Location
Taylor Brothers Lumber Company
Sussex County Will Close its Juvenile Detention Center
Smart PCS Closed?
Paradise Cafe in Honolulu
Deaconess Hospital is Closing its Emergency Room
Commercial Vehicle Group Inc Closing truck cab Assembly Facility in
Norwalk, Ohio
Railhead Saloon and Gullet’s Gourmet in Fayetteville Ark.
Unilever PLC Closing Southern California Plant + 61 Job Cuts
Andy's Pet Shop in San Jose
Suntron to Close Newberg Plant - 190 Layoffs
Kirkus Reviews Closing
GMAC to Close Mortgage Processing Center in West Hartford - 84 Layoffs
Borders Express in Rotterdam Square Mall
FS Fast Stop Gas Station in Watson
Apache Junction Unified School district Considers Closing 2 Schools
Bill's Lake Tahoe Casino
Ahtanum View Corrections Center in Yakima's West Valley Possibly
Closing
The Brown Shoe Distribution Center in Fredericktown
Gidan Activewear Closing Alabama Distribution Center- 120 Jobs Lost
Editor & Publisher is shutting down
Update: Nokia Closing NY Flagship Store
FYE Store in Lufkin Mall
Weiss Furs in Cleveland Area
Beach Channel High School in Far Rockaway Possibly Closing
Update: Sunshine Market Pa closing Saturday?
Blondie's IGA in Deadwood Closing Thursday
Madison Center Youth Treatment Center
La Bonne Auberge Restaurant
The Peoria Castle Lodge
Brigham's Restaurant in Burlington Mall Closed Last Week
Beiersdorf in Norwalk To Close Next Year?
Nokia to Close 2 US Retail Stores
Mayorga Coffee Factory on Georgia Avenue
Rappaport Agency, LLC
The Floydada Rehab Care Center
Weber State University is closing its Community Education Program?
McQuade Children's Services Closing?
Trane Commercial Systems Closing Springhill Site
Action Chrysler, Jeep Dodge in Jackson
Georgia-Pacific Corp Closing Fordyce Mill
Ivy's Vine Gift Shop in Genoa
Update: Hanks’ Pharmacy in Cumberland Closing Monday
Backstreet Mission’s Thrift Store
Majors Books in Houston
The Arbors at Toledo nursing home
Lola Bellini Bar
Tinley Park Mental Health Center
Truck Company 16 in Baltimore Maryland?
Cessna Closing Columbus Ga Plant
Pink Tea Cup Restaurant in NYC
The Walking Company Plans to Close 90 Stores
The Crescent Gallery in Spartanburg
Layoffs:
Update: Lancaster Ky Mayor Explains Layoffs
BBDO New York - 20
Update: Santa Cruz County Ca - 7
The Triton Regional School District - Possibly 13
The American Petroleum Institute - 40
Update: Vallejo Police Department Ca - 7 , and 17 Demoted by Jan 1
CFR Marfa ( Romania ) - 6,400
Port Huron Area School District Mi- 17
Sandwich Public Schools - 5
The Great Falls Clinic Montana - Plans Layoffs
Streetsboro School - 10 Teachers in January
Update: Upper Merion Township - 4
McCann New York - About 6
ATK Space Systems - 800 in 2010
MCLB Albany - 41
Big Boy Restaurants International - 88
Big Y Supermarkets - Ask Employees to Take Voluntary Layoffs
UK’s Barclays Bank ( International ) - 150
Des Moines Council - Expect to Cut 5 Officers Jobs Tonight
Norampac Paper Mill in Trenton - 100 Temp. Layoffs
Harmonix - 39
Washoe County - Service Cuts / Possible Layoffs
Independence Blue Cross - 200 Total Job Losses
Upper Merion Township Police Department - Furloughs or Layoffs
The Livonia School Michigan - 45 Teacher Jobs on the Line
Channel 7 Buffalo - 6
Saginaw School District Michigan - 15
City of Plainfield - 3 Last Week
RJE Telecom - 100 Recently Laid off
B.C. Institute of Technology ( International ) - 82
Shippensburg Township Pa - 2
Allendale Schools - 11 ?
Tulare County - Proposes 12 More
Governor of Pa - Warns of More Layoffs as Revenues Lag
Stanley Works - 40 in Myrtle Street New Britain CT
Toronto Star ( International ) - 9 More?
Summit County Engineer's Office - 7
Putnam Investments - 5% of Workforce
The Horizon Casino - 20+
US Foodservice in Streator - 95
Cuesta College - Disabled Student Program, Job Cuts Coming?
The Visalia School District - Approves Another Round of Layoffs
The Virginia Institute of Marine Science - 16
Cianbro Corporation - 9
Bay City School - 13
Chicago Transit Board Votes Today on More Layoffs Next Year or Not
Injex Industries Inc - 378
Mayor Tim Davlin Springfield IL - Warns Layoffs Inevitable
California State Prison Systems - More Job Cuts
City of Greensburg Pa - Possible 5
Minneapolis Police Department - up to 25
Circulation Fulfillment Inc - 97
Chicago Park District - May Lose Programs which mean 100 Layoffs
Overland Park Kansas - Considers Layoffs in 2010
Town of Beloit - New Budget = Possible Layoffs Coming
Belleville Intelligencer - 40 to 50
Sermo - 30
Zanesville Police Department - Layoffs / Pay Cut all Possible
Northern Transportation Company Ltd - 8 Positions in Hay River
Brinks Hofer Gilson & Lione - 7 Lawyers, 19 Staff
Comcast in NH - 77
Gov. Gibbons Nevada - Budget Shortfall = Possible Layoffs
Double-A
Double-A
"ASHEVILLE, N.C. - Volvo is closing its heavy construction equipment
plant in North Carolina next March, leaving 228 workers without jobs."
Recession, fakes, tough times for Indian jewelers!
"GALLUP, N.M. - Navajo silversmith Jackie Platero has been selling her
family's handmade jewelry for 18 years. These past two years have been
the most difficult."
Hawaii Biotech declares bankruptcy!
"HONOLULU - Hawaii Biotech Inc. has filed for bankruptcy."
Venezuela shuts down 8th bank in less than 3 weeks!
"CARACAS, Venezuela - Venezuela's government shut down another bank
Friday, the eighth institution closed in less than three weeks in a
growing intervention to contain damage to the country's financial
sector."
Measure 67 business tax would hit few, but they'd feel it!
The tax burden on Oregon businesses would still rank among the lowest
in the nation if voters next month approve the corporate tax increases
proposed in Measure 67. Most of the tax would fall hard on a small
number of big businesses that pay the bulk of corporate taxes in
Oregon, and on an even smaller number of companies that post big sales
but show little or no profits. An analysis by The Oregonian shows
that the tax increase is equivalent to 3,800 to 4,700 jobs statewide
if voters approve Measure 67. Economists predict that job losses will
result, but it's just as likely that companies will pass higher taxes
on to consumers or cut pay or benefits for workers."
"Basing this new minimum tax on sales and not profits means some
companies would get hit hard. They're typically companies that have
lots of sales but low profit margins."
(Haha! It's targeting Wal-Mart!)
Tree lot owner gets 'grinched' by city of Tigard!
"Larry Knudsen has sold trees at the same spot for years but Tigard
officials said he was violating zoning regulations, was lacking
permits and had to shut down right away."
(Right! What until a recession to enfore the rules and close down a
business!)
Closing:
Trammell Crow Residential will Close its Raleigh Office Within 4 -6
Months
Don's Gym & Fitness Center in Huntsville Alabama
180 Sports and Fitness health club in West Knoxville Closed Temp?
Amato's Restaurant in Vineland NJ Closes Tonight
The Chester Carousel Store NJ?
Salem Repertory Theatre
Staples Office Supply Store in Derby
Agway in Phillipsburg
Little River County jail in Ashdown, Ark. Possible Closing
The Adult Day Health Program in South Boston Closing Programs due to
Medicaid Changes
Intermet Corp. will close the New River Foundry in Radford
Valley Lumber in Winchester
Eddie Bauer Outlet Store in Holland Township
Bishops Pro-Home Center in Ithaca NY
Confections Bakery and Gwin Flooring
Layoffs:
East Texas Baptist University - 16
Coca-Cola Bottling Lubbock Warehouse - 14
Warner Electric in South Beloit - 7 More
Sanofi Pasteur Plans Layoffs at Swiftwater
McQuade Children’s Services - Layoffs Today?
CMC Joist & Deck Hope AK. - 60 in January
City of Warren - 13 Layoff Notices Next Week
Lincoln County Mo - Layoffs Possible
Cupertino Union School District - Furloughs / Reduced Hours / Layoffs
all Possible
Double-A
Double-A
"Global consulting firm Accenture PLC has ended its relationship with
Tiger Woods, marking the first major sponsor to cut ties altogether
with the golfer since his alleged infidelities surfaced and he
announced an indefinite leave from the sport to work on his marriage."
Shoppers remain cautious amid steep discounts!
"NEW YORK - Holiday shoppers are out in full force this weekend but
sticking closely to their lists and holding out for just the right
deal."
GM in talks to sell old Saab technology!
"STOCKHOLM - General Motors Co. is in talks to sell parts of Saab
Automobile's old technology to a Chinese company and the entire brand
to another buyer, a person familiar with the negotiations said
Sunday."
Closing:
Kelly Volkswagen in Pasco
Layoffs:
Zanesville - 2010 Budget includes 5 Layoffs
Kaufhof -Karstadt ( International ) Merger May Lead to 25,000 Job
Cuts
Double-A
G=EMC^2 Glazier
toilet seats) this year they will wish they had a pillow fight. If it
was in a poor black Orlando neighbor hood they both would have been put
in jail for disturbing the peace and destroying public property. Oi ya
Bert
Double-A
"SAN FRANCISCO - Wells Fargo is selling $10.4 billion in new stock to
help repay all $25 billion in bailout aid it received from the
government at the height of the market meltdown last fall."
(Anything to duck out of those executive bonus cut requirements!)
Tech job erosion continues apace!
"SILICON FOREST BLOG: November tech employment down 7.3 percent from
last year."
Oregon unemployment remains above 11 percent!
"The main reason Oregon's jobless rate has dropped from 12.2 percent
in the spring is because many job seekers are giving up, economists
say."
Fairfield Residential files bankruptcy [Dallas]
Report: KGO-AM parent to seek Chapter 11 [San Francisco]
Smurfit-Stone to close 2 plants, lay off 600 [St. Louis]
Economy sends another Johnson County project into bankruptcy: Varnum’s
site in Shawnee hit by foreclosure action [Kansas City]
Closing:
PNC Financial Group to Close 22 Branches
South Toledo YMCA Will Close Before Christmas
Some Philadelphia Libraries Have to Temp. Close Due to Staffing
Shortage
Smurfit-Stone Closing 2 Plants - 600 Jobs Cut
Irvin Candy Co. Inc
Brigadoon Restaurant in Fenwick Plaza
The West Elm furniture store at Short Pump Town Center
Waukesha County Closing 2 Senior Dining Sites
Benedictine sisters of Our Lady of Peace in Columbia Will Close Their
Monastery
Layoffs:
SCEA Consolidation - up to 100?
US Fidelis - Layoffs Today
Verari Systems - Has Laid off Bulk of Its Employees
Update: Village of Wheeling - 5
SPX Dielectric - 31
Cardinal Logistics Management - 64
ArcelorMittal ( International ) - Considering More Job Cuts
Cummins - 212
Tree Dot Com Inc. - Layoffs Happen Last Week
Insituform Technologies Inc - 35
Tucson AZ - 140 Officers and Firefighters Face Layoffs
2 West Michigan Schools - Possible Teacher Layoffs
Lawrence / Franklin Township Ind. Schools Face Major Budget Cuts =
Closing / Layoffs
Deutsche Bahn ( Rail Provider International ) - 14,000 in Next 5 Years
Hancock County Sheriff's office - 7
City of Livonia Detroit Schools Vote Tonight on up to 84 Layoffs
Brighton Area School District - 2010-2011 Budget Talks Could = 186
Layoffs
Food Service at the Hospital in Fernie - 2
Trenton NJ Schools - Less Aid = Layoffs
City of Warren Ohio - 13
Redlands Unified School District - Budget 2010 Includes Layoffs
Nokia ( International ) - 2,000
Double-A
Double-A
"Oregon unemployment: Oregon's job losses in November hit 4,600, a
drop that disappointed economists and raised the specter of a longer
and more painful recovery from recession."
Integra Telecom cuts back as recession lingers!
"About 70 people lost their jobs altogether, including roughly two
dozen in Oregon."
Where not to work -- computer chip making, telecom (and newspapers)!
"SILICON FOREST BLOG: Declines in tech manufacturing are coming."
NY tribe aiming to open casino gets US recognition!
'GARDEN CITY, N.Y. - The federal government has given preliminary
approval to formally recognize a small tribe of Indians based in Long
Island's Hamptons region."
(Indians in the Hanptons?)
Adobe Systems posts 4Q loss, hurt by charges!
"NEW YORK - Adobe, the maker of Photoshop and Flash software, is
reporting a net loss for its fiscal fourth quarter, weighed by
charges."
GE CEO: Company undergoing rebuilding after crisis!
"WASHINGTON - General Electric CEO Jeffrey Immelt said Tuesday the
giant conglomerate is undergoing a renewal after what has been one of
the most difficult years in the company's 117-year history."
Sahara mothballing Vegas hotel rooms, cites demand!
"LAS VEGAS - The Sahara hotel-casino on the Las Vegas Strip is
mothballing rooms in two of its towers for the winter season due to
low demand."
Frontier Airlines' New Mexico call center closes [Denver]
Japanese Budget Deficit to Hit Record High
Passenger Airline Employment Down 3.7% in October
Presidents Influences on Bank Lending is in Doubt
New York Factory Index Falls to 5 Month Low
Closing:
HD Supply Closing 25 Branches - 350 Job Cuts
Slo’ Smokin’ Barbecue in Rock Hill SC
Dinner a Go-Go in Wilmington NC
Craig Middle School Indiana Set to Close
The Mount Pleasant Mental Health Institute Set for Closure
Black Hawk Elementary school
Regions Bank will close its Lehigh Acres branch
Wayne-Westland Michigan Closing 6 Schools
Altru Health System Closing 2 Branches
Hollywood Video along Main Street in Wintersville
Oklahoma State Fair Speedway
Layoffs:
Mariemont Council - 3
City Grand Rapids - 22 Firefighters
Update: Port Huron Area School District - 8
The Battle Creek Public Schools - Possibly 40 Layoffs
Philippine National Construction Corporation ( International ) - 1,000
Update: ArcelorMittal ( International ) - 10,000
San Diego - 200 Layoffs
Update: Minneapolis Officers - 41 At End of Year
Double-A
Double-A
"FRONT PORCH BLOG: Thanks to the Fed's action to keep rates low,
Bernanke refinanced into a 30-year, fixed rate 5 percent mortgage."
Intel faces antitrust lawsuit from FTC!
"Intel has faced similar charges for years and has denied any
wrongdoing. The lawsuit comes after a recent $1.25 billion settlement
with rival Advanced Micro Devices Inc. over similar claims."
(Why is the FTC screwing with out own companies at a time like this?
Why don't they take antitrust action against the foreign government
subsidized competition?)
Fla. parimutuels betting on casinos for rebirth 12/19/2009, 12:00 a.m.
PST
(AP) — HIALEAH, Fla. - An overflow crowd of 26,874 flocked to Hialeah
Park's hallowed grounds when the historic track threw open its gates
Nov. 28 after an eight-year hibernation.
(Notice the date on this news release? Any news service that can
bring us news from the future at Hialeah is worth paying close
attention to!)
McCain backs bills that would split big banks!
"WASHINGTON - Two senators, one from each party, called Wednesday for
breaking up large financial firms that perform both commercial and
investment banking, adding a wrinkle to already difficult talks in the
Senate on how to regulate Wall Street."
(A good first step, I would say!)
Russell Stover laying off 46 employees in Abilene!
"ABILENE, Kan. - Russell Stover, Abilene's biggest employer, has
announced layoffs affecting 46 employees at its candy manufacturing
plant in Abilene."
Hovnanian Enterprises trims loss for Q4!
"Hovnanian Enterprises Inc.'s shares fell 6 percent in aftermarket
trading Wednesday following disappointing fourth-quarter earnings."
Former Lazard banker accused of insider trading!
"SAN FRANCISCO - A former Lazard Freres banker has been charged with
insider trading."
Century Plaza future unclear as owner restructures $10.25B in debt
[Birmingham]
East Wareham campground owner files for bankruptcy protection
[Boston]
General Growth gets OK to restructure [Charlotte]
Park Meadows owner General Growth Properties wins debt restructuring
OK [Denver]
Kobra trustee plans sale of 24 properties [Sacramento]
California Taxes Fall Short of November Target by $439 Million
Mortgage Originations Probably Will Decline 16% Next Year
New York Transit Authority Approves Drastic Service Cuts
Bankruptcies:
Scottish airline Flyglobespan ( International )
Brookside Tampa LLC
Jones Stephens Corporation - Chapter 11
The Fresno Metropolitan Museum Near Bankruptcy
Closing:
All Blockbuster Stores in the Roanoke Valley
Diner A Go-Go in Wilmington
The Sound Shop in West End Mall Atlanta
The Chick-Fil-A restaurant in Evansville
Fourth Street Gallery in Covington Indiana
Cumberland Cycle Center in Carlisle Closing at the End of The Month
Oak Island Seafood in Rockland Maine
Fort Smith Town Club
Bug-A-Boo Bay in Alexandria MN is closing
Back to Books Store
The Lone Mountain Store and Post Office
Rock-Tenn Converting Co. in Columbus Indiana Plans on Closing - 71
Layoffs
Dack's Shoes in Canada Closing
Men's Initiative in Willow Grove Closing
Midland Forge Finishing Closing Cedar Rapids Plant by Christmas
Esterline Haskon Aerospace Closing Down - 100 Jobs Lost
Nine Columbus Ohio City Schools will close at the end of the year
Yahoo Closing French R&D Site ? - 78 Layoffs ?
CD Cellar in Boulder CO
Century Boats in Bay County Florida
Design Book I.D. Magazine Finial Issue Jan/Feb
Sahara hotel/casino Temporary Closing 2 Towers
Layoffs:
Russell Stover in Abilene - 46
New York Times Layoffs Continue Today?
Beaudry RV in Tuscan AZ - 51
Massachusetts Port Authority - 25
Saks Fifth Avenue - Plans 116
Cardinal Stritch University - Will Cut 4% of its Employees This Month
Update: Fairfield County Ohio - Layoffs Likely
SUNY Potsdam NY - 59 Jobs on the Chopping Block
Agrium Phosphate Mine in Southeast Idaho - 118
Mohawk Eden Carpet Mill - 140
Monroe County - 2010 Budget = 16 Layoffs
Liberty Mutual Insurance in Gainesville - 125
The New Republic - 6
(Not the venerable "New Republic"!)
Multichannel News - 2+
Baker University Kansas - 3
B.C. Institute of Technology ( International ) - up to 82
Fresno County Public Defender's Office - 6 Attorneys
Dell Inc ( Malaysian ) - 700
Reynolds American Inc. - 400
Baldwin School District - 6
Pierce County Library System - 24
Update: City of Tucson - Expects 300 Layoffs After the Holidays
Cincinnati Bell Inc - Major Cuts Coming Next Year
Alabama's Prisons - Layoffs Coming?
Colorado State University - 10
Portland Schools - 7
WongDoody - Around 6
Hoffman Estates Police Officers - 4
Ottawa-area Hospitals Facing Major Budget Cuts Which Could Mean Job
Cuts
Hennepin County Medical Center - up to 200
Florida State Jobs Shrink as Recession Continues
City of Reno - More Budget Cuts = Possible Layoffs
Double-A
Double-A
"Revenues slide 4 percent to $4.4 billion as footwear and apparel
demand slumps in the U.S. and all of Europe."
Feds indict former Countrywide mortgage broker from Portland!
"FRONT PORCH BLOG: A federal grand jury indicted Portland mortgage
broker Alex Z. Biscocho of bank fraud in connection with the sale of
his parent’s home in 2006."
(Some bad shit went down at Countywide!)
Town of Huntington fears for its future after cement plant layoffs!
"Residents of the eastern Oregon town worry that stricter EPA rules on
mercury will prompt a shutdown."
Stocks fall as dollar gains, FedEx disappoints!
"More poor news came in on the economy as the government reported an
unexpected rise in unemployment claims last week. The number of new
jobless claims rose to 480,000 last week, up 7,000 from the previous
week."
Money fund assets fell to $3.269T in latest week!
"NEW YORK - Total money market mutual fund assets fell by $51.13
billion to $3.269 trillion for the week, the Investment Company
Institute said Thursday."
Fannie, Freddie suspend foreclosures!
"WASHINGTON - Mortgage finance companies Fannie Mae and Freddie Mac
are suspending foreclosures and evictions for about two weeks in a
temporary break for borrowers during the holiday season."
(Doesn't that put you in the Holiday spirit?)
General Growth Properties considers equity sale to raise cash
[Baltimore]
Real estate shop files for Chapter 11 [Boston]
Epiq Systems’ bankruptcy business hits record high [Kansas City]
Rainbows consolidating facilities, laying off staff [Wichita]
More bankruptcies:
Nickinello Realty Corp. of Natick - Chapter 11
Vion Pharma Inc - Chapter 11
Thomson SA
Roper Bros. Lumber Company - Chapter 11
Roaring Fork Lodge project in Glenwood Springs Co.
Ridgefields Country Club - Chapter 11
Closing:
St. Therese of Lisieux and St. Casimir elementary Schools in Lansing
Menomonee Falls Driving School
The Bandera branch of Guaranty Bank-BBVA Compass
The Sam Goody store at the Adrian Mall
Cincinnati’s Metro Bus System Will Eliminate 5 Routes
Forest Café in Cambridge Mass Closing?
Cotati's Backdoor Disc & Tape Store
CVS Closing Calhoun Road Location Rome Ga
Western Colorado Research Center on Rogers Mesa
Sheffield's Auto Parts Warehouse to Close
Hunt Real Estate Corp Closing Sarasota Fl Office
Kingston Sports ( Canada )
Butterfield Elementary School in Riverside
The Blockbuster Store on Route 28 in South Yarmouth
Southwest Museum of the American Indian Ca, Possibly Closing
The Spotlight Cafe Eatery Closing
John Morrell & Co. plant in Sioux Falls ( International ) Talks of
Closing
Layoffs:
Licking County OH - 17 Positions on the Line
Paul Mueller in Springfield MO - Entire Production Staff? 150 to 250
Update: New York Times - 18
Update: Livonia School Board Approves 83 Layoffs
Rainbows United Inc - Consolidates Buildings - Cuts 11 Jobs
AT&T - 400 in Florida
Trans State Airlines - 50 At Lambert Airport
Audubon - 3 Officers by End of Year
Progress Rail in Raceland, Ky - 64
Pitney Bowes Inc - Cutting Workforce by up to 10% over Next 2 Years
Bridgeport-Spaulding Community School District - Possibly 15
Ericsson ( Sweden ) - 150
Ultimus - Cuts Small Number of Jobs
Gov McDonnell Va - Hints at State Employee Job Cuts
Robbinsville NJ - Layoffs and Furloughs
Mullen Boston HQ - 15
Johnstown Pa - 18 Receive Layoff Notices
Anderson Water Department Indiana - 5
Pasadena Unified Schools Ca - Possibly 82 Layoffs Coming
Double-A
Double-A
"No one has built a new semiconductor plant in Oregon in six years,
and there aren't any on the drawing board."
(I guess we'll have to start calling this the Silicon Stumpage!
Oregon's gloomy high-tech job outlook!
"FRONT PORCH BLOG: Technology manufacturing employment, a key driver
for the housing market, is down 30% since 2001 peak."
Bend, Oregon reports nation’s biggest home decline in Q3!
Judge approves Renaissance Homes reorganization plan!
"The Lake Oswego company in September 2008 was the third major
Portland-area builder to file bankruptcy."
Oil jumps after Iranians seize Iraqi oil field!
"While there are enormous supplies of crude now because of the global
economic downturn, a conflict between Iran and Iraq would certainly
crimp supply."
(Wait a minute! I thought WE were defending Iraq!)
Carmakers paid $6.4M in fuel efficiency fines!
"WASHINGTON - Six automakers paid fines totaling $6.4 million in 2009
because they failed to comply with federal fuel-efficiency standards."
Banks earned $5.7B in 3Q trading!
"WASHINGTON - The government says U.S. banks earned $5.7 billion
trading derivatives and cash investments in the third quarter, as the
level of credit risk continued to decline in the global market."
(Glad to know the banks are keeping afloat by gambling in the
derivatives market! That makes me feel so reassured!)
Mass. silversmith files for Chapter 11 [Boston]
(Could it be Paul Revere and Sons???)
Baby gender-identification company in Ch. 11 [Boston]
Vanderschaaf & Vanderschaaf files Ch. 11 [Nashville]
Honolulu Symphony files for bankruptcy [Honolulu]
(Too bad, Tholen!)
Government Helps More American Pay Their Heat Bills
Continental Airlines to Offer in-flight Internet Service
Carnival Corporation 4th Quarter Profits Fall 48%
Hotels Face More Challenges in 2010
Bankruptcies:
Lunt Silversmiths Inc - Chapter 11
(Oh, not Paul Revere.)
Acu-Gen Biolab,Inc - Chapter 11
The Shoppes of Kenwood
Closing:
Iowa State Patrol is closing its district office in Cherokee
Child Care Alliance in east Nashville in Jeopardy of Closing
Willits Justice Center Ca. Closing?
Borders Closing Newburgh Mall Store
Symmetry Medical Inc Closing Plant in Maine
Sonoma County May Close HIV/AID Clinic in Santa Rosa
Saturn of Syracuse Closed
Lehmann Center in Minneapolis
Spagnolo's Restaurant in Glenwood Springs Co
Borders Express in Crossroads Center mall
The Orchard Tree Restaurant in Van Wert Ohio Closed
Waldenbooks in the Birchwood Mall
Forbes Juvenile Attention Center in Topeka
San Joaquin Bank on Panama Lane Plans on Closing
Yeg’s Sports, a Charles City Sporting Goods Store
Bishop's Pro Home Center in Ithaca
State of Idaho Could Close Some Parks
Carlisle Interconnect Technologies will close its Vancouver Plant
Layoffs:
City of Canton - Rejected Proposal - 28 Firefighters to be Laid of
Saturday
Update: Utica Community Schools - 43
Southeast Corporate Federal Credit Union - More Layoffs This Week
Aveos Fleet Performance Inc ( International ) - 250 Jobs on the Line
20 Minneapolis PD Recruits Graduate to Layoffs
Nahan Printing, St. Cloud, will cut staff 15%
Air Canada - 255 Temp. Layoffs
Pennsylvania Casino Bill Needs to be Passed by Jan 8 or Job Cuts
Gov Kaine Va - Possibly Scrap Car Tax Rebates = Layoffs up to 600
Cincinnati Bell - More Layoffs in 2010?
Calhoun County Michigan? - 4
Willow Run school district - Cuts Approved: 10 Teachers , Pay Cuts,
Sporting Programs Eliminated
Aramark - 118 in Norwell
Eaton Corporation - 20
Sullivan County NY - 26
San Joaquin County District Attorney's Office - 7
Hampton Schools Va - Getting Prepared for Job Cuts
San Carlos Ca - Possible Cop Layoffs / Closing Parks
City of Wildwood NJ - Layoffs Likely Before Year End
Colorado Springs City Employees - 93 Layoffs, 88 Opt. For Retirement
The Highland Local Schools Ohio - 22
Hawthorne Army Depot - 91
Update: Great Falls Clinic - up to 50
General Electric Fort Edward Plant - 32 in April
Double-A
Double-A
"Nurseries and greenhouses have suffered a slumping economy, a drop in
home building, lack of access to credit and ruinous weather the past
two winters."
Fewer states add jobs as recovery sputters along!
"In a reversal of earlier gains, more states lost jobs than added them
in November, signaling that hiring is occurring only sporadically
around the country."
Rockwell Automation CEO pay drops 28 percent!
"MILWAUKEE - The compensation package for Rockwell Automation Inc.'s
top executive fell more than 28 percent during the 2009 fiscal year
after the industrial automation equipment company was battered by the
deep recession, according to a company regulatory filing Friday."
Feds shutter 7 banks for a total of 140 failures this year!
"WASHINGTON — Regulators on Friday shut down two big California banks,
as well as banks in Alabama, Florida, Georgia, Michigan and Illinois,
bringing to 140 the number of U.S. banks brought down this year by the
weak economy and mounting loan defaults.
The Federal Deposit Insurance Corp. took over all seven.
Regulators shuttered First Federal Bank of California, based in Santa
Monica, with $6.1 billion in assets and $4.5 billion in deposits, as
was as Imperial Capital Bank of La Jolla, Calif., with about $4
billion in assets and $2.8 billion in deposits.
California was one of the states hardest hit by the real estate market
meltdown and many banks there have suffered under the weight of soured
mortgage loans. First Federal and Imperial Capital bring to 17 the
number of California banks to fail this year.
Also closing their doors Friday were Atlanta-based RockBridge
Commercial Bank, with $294 million in assets and $291.7 million in
deposits; and New South Federal Savings Bank, based in Irondale,
Alabama, with $1.5 billion in assets and $1.2 billion in deposits.
Citizens State Bank of New Baltimore, Michigan, with $168.6 million in
assets and $157.1 million in deposits, was shut down, along with
Peoples First Community Bank of Panama City, Florida, with $1.8
billion in assets and $1.7 billion in deposits.
Regulators also closed Independent Bankers' Bank, based in
Springfield, Illinois — a sort of wholesale bank that provided
services to 450 client banks in four states — with $585.5 million in
assets and $511.5 million in deposits.
OneWest Bank of Pasadena, California, agreed to buy all of the
deposits and essentially all of the assets of First Federal Bank. All
39 of its branches will reopen on Saturday as branches of OneWest.
Los Angeles-based City National Bank agreed to assume all of Imperial
Capital's deposits, as well as $3.3 billion of the failed bank's
assets. The FDIC will retain the remaining assets for a later sale.
All nine branches of Imperial Capital will reopen Monday as City
National Bank branches.
Beal Bank, based in Plano, Texas, agreed to assume the assets and
deposits of New South Federal Savings Bank, which only had one branch.
Hancock Bank, based in Gulfport, Mississippi, agreed to assume the
deposits and about $1.6 billion of the loans and other assets of
Peoples First Community Bank. The FDIC will retain the rest for
eventual sale."
Senate Approves $636 Billion Military Spending Bill
Traffic Drop Continues at San Jose Airport
Senate OK's Filing Extension For Jobless
Bankruptcies:
KeyLime Cove - Chapter 11
Honolulu Symphony - Chapter 11
Vanderschaaf & Vanderschaaf - Chapter 11
Closing:
Federal Coach Closing its Fort Smith Plant in Spring - 140 Jobs Lost
Update: Tallahassee's Vinyl Fever
The Book & Bean in Berea Ohio
Intellicolor Photo Lab in Riverside
Selkirk Canada's Brockville Plant ( International )
Faith Lutheran Church in Otterbein
Richey's Market in Corvallis Ore.
Dover Center Elementary School May Close
Layoffs:
IAC ( International ) - Job Cuts Coming?
Fujitsu ( International ) - Staff Begins Walkout, over Plan of 1,200
Job Cuts
Shell ( International ) - 250
Saratoga Spring Layoff Talks Sparks Words
The Porter Township School Corp - 5
Merrill Stevens Shipyards - Lays off Workforce
La Palma Paper - 3
City of Sheboygan - 9
Bollinger Shipyards - Layoffs Could Start Next Year
Double-A
Double-A
"Skeptical kids can doubt whether Santa Claus exists. But for stock-
market statisticians, there's not much debate: The year-end lift known
as the Santa Claus rally is no myth."
(But don't bet the farm on it!)
Citadel Broadcasting files Chapter 11 bankruptcy!
"Citadel Broadcasting Corp., the nation's third-largest radio
broadcasting company, filed for Chapter 11 bankruptcy protection on
Sunday in an effort to restructure its hefty debt load as it continues
to face declining advertising revenue."
(Who killed the radio star?)
RI gov wants $4M cut to hospitals amid recession!
"PROVIDENCE, R.I. - Gov. Don Carcieri (kuh-CHEHR'-ee) has proposed
cutting nearly $4 million meant to help Rhode Island hospitals care
for the poor during a deep recession."
(Deep recession a.k.a depression!
Eurostar train service suspended!
"LONDON - The only passenger rail link connecting Britain to the rest
of Europe remained shut Sunday for a second day as engineers
investigate the mystery behind a glitch that left thousands stranded
for hours in the darkened tunnel running under the English Channel."
(There is that train safety issue again!)
Minneapolis Toys for Tots Donations Down 70%!
Closing:
United Methodist Children's Home in Selma AL
Borders UK Set to Close all Store Tuesday?
The B. Dalton Booksellers store at College Square Mall
Rich’s Food and Liquor St Jospeh MO
Beggars and Choosers - Pittsboro NC
Update: Brunswick Naval Air Station Maine Closing Soon
Layoffs:
Cuyahoga Falls - Job Cuts Coming?
Waze Inc - 15 Temporary Employees
Dearborn Public Schools - 100 More Layoffs Coming
Ash Grove plant in Durkee - 67 Temp Layoffs
City of Cleveland - 260 Layoff Notices Next Week
Ferche Millwork Inc - 22 Next Month
Stephenson County - 24+ ?
Double-A
"The Great One"
"Double-A" <doub...@hush.com> wrote in message
Santa Claus rally could still show up this year!
Satan Claus rally could still show-up this year!!
--
John C.
Double-A
"My co-worker Jeff Manning reports on a little-known strategy for
underwater home owners with a second mortgage: More than two years
into Oregon's historic residential real estate crash, an unusual
opportunity presents itself to struggling homeowners. An increasing
number of Oregonians qualify to use a rarely utilized bankruptcy court
maneuver to reduce, or even eliminate, their second-mortgage or home-
equity debt. The strategy works like this: Homeowners must first file
Chapter 13 bankruptcy and file a motion asserting their home's value
has diminished to the point that it's worth less than they owe on the
first mortgage."
Multnomah County foreclosure starts up 20 percent so far in Q4!
"Lenders filed 1,045 new foreclosure notices in Multnomah County (OR)
in the fourth quarter through Dec. 15. That’s up 20 percent from the
same period a year ago, according to county records. But oddly, the
notice of default filings, the first step of a foreclosure, were
basically flat in the first half of December. By comparison, Deschutes
County notices of default are up 23.6 percent between Nov. 1 and Dec.
15."
Newspaper publisher Heartland files for Chapter 11!
"NEW YORK - Heartland Publications LLC, the owner of 23 daily
newspapers and other publications in nine states, filed for Chapter 11
bankruptcy protection in Delaware on Monday. It has agreed with its
major lender, GE Capital, on a plan to cut the company's debt load by
more than half."
Pay czar agrees to boost AIG exec's pay package!
"WASHINGTON - A top executive of American International Group Inc. has
been granted a $4.3 million pay-package bump by the troubled insurance
giant's majority owner-the U.S. government-because the executive has
decided to remain with the company."
(How sweet!)
Washington Times cuts Sunday edition!
"WASHINGTON - The Washington Times said Monday it will publish its
last Sunday edition this weekend."
Citadel Broadcasting files for bankruptcy [Memphis]
Sonic supplier heads to bankruptcy [Nashville]
Suit: Chick Downtown defaults on line of credit [Pittsburgh]
Courts battle over Ion Media bankruptcy [South Florida]
TLC Vision files for bankruptcy [St. Louis]
Shoppes of Kenwood files Chap. 11 [Cincinnati]
Shuttered Snyder’s stores draw suit against survivors [Minneapolis /
St. Paul]
Creditors seek personal bankruptcy for Bulk Petro owner [Milwaukee]
Hawkeye Renewables LLC - Chapter 11
Closing:
The RockTenn Converting Co. to Close Columbus Plant
Philly Wild Bird in the Willow Grove Shopping Center
Autoliv ( International ) Closing 4 Plants - 820 Jobs Lost
Washington Spaces Magazine
Big Boy Restaurants, Inc in Warren Michigan Permanently Closing
The Eclectic Shop in Colonial Heights Closing?
Discount USA in Illinois
Jefferson West Intermediate School in Ozawkie .Kansas - Possible
Closure
CoCo Key Water Resort and the Sheraton Chicago Northwest Possible
Closure Next Week
Layoffs:
Four Middle Tennessee Manufacturing Operation - 300 Total
Fort Dodge Animal Health in Overland Park - 150 - 170
Veolia Transportation Co - 67
Heavy Iron - 70% of Staff?
Nebraska Department of Health and Human Services - Possible Layoffs
Update: Oberon Media Confirms - 100 Job Cuts
Yale University Security - 2 or 3
Merry Christmas and welcome to the dole!
Double-A
Double-A
"When borrowers get into financial trouble, lenders have several ways
to help. They can offer grace periods, longer repayment schedules,
lower interest rates or reduced balances."
Hazelnut recall hurts Oregon growers at crucial holidays!
"These are not festive days for several producers of hazelnuts,
Oregon's state nut and one of its top crops. The Food and Drug
Administration found salmonella in a processing plant in Newberg,
triggering a recall of more than 114,000 pounds of shelled hazelnuts.
That recall has hit several Oregon companies at a crucial time of
year".
IT manager finds work after a year without it!
"SILICON FOREST BLOG: Veteran IT manager, laid off by manufacturers,
finds a job with a conservation group."
(One man finds a job and it makes the paper!)
Disney credit rating affirmed but outlook negative!
"(AP) — NEW YORK - The Walt Disney Co.'s ability to meet its debt
payments was affirmed on Tuesday by a major credit ratings agency. But
the entertainment giant's outlook is negative due to the continuing
drag on business from a sluggish economy."
Latham International files for bankruptcy; $239.4M in debt [Albany]
Court confirms Idearc’s Ch. 11 reorganization plan [Dallas]
Bankruptcy court approves sale of Grede Foundries [Milwaukee]
Facing $1.4M bill, Optima HVAC files for Chapter 11 [Tampa Bay]
(Sorry to hear about your bankruptcy, HVAC. Does this mean you will
now be standing in the soup line instead of volunteering?)
The Senate is about to put coal in the stocking of home builders and
other small construction firms.
Health bill hammers small construction firms!
"The amended version of the health care reform bill, which cleared
another procedural hurdle Wednesday morning, includes a provision that
penalizes small construction firms if they don’t offer insurance to
their employees. Under the bill, businesses with more than 50
employees would have to pay a $750-per-worker penalty to the federal
government if any of their employees purchases subsidized insurance on
their own. The new version of the bill lowers that threshold to five
employees for construction firms."
Ramsey Industries Inc - bankrupt!
Closing:
Garneau Inc.is closing its Nisku manufacturing plant ( International )
The Wyndham O'Hare at Rosemont
FormTech Industries in Minerva Area
Tavern on the Green in NYC Closing
Kibbn in Redmond Center
American Greetings in Kalamazoo - 225 Jobs Lost
The Safeway grocery store in South Reno
D.J. Walters Chevrolet Oldsmobile Pontiac Buick in Gouverner NY
Sally's Fine Foods
Jack's Women & Children's/Bridal Fashion, IL
Update: Sound Shop in Governor's Square Mall
Tulsa OK, Arrow Trucking Company Closing / Ending Services Selected??
Athletic Club and Vanilla Day Spa in Savannah Georgia
Sirlin Photographers in Sacramento
Whole Life Fitness in Tulare
Metaplace To Close Virtual World Platform
Layoffs:
AOL - Plans to Cut 1/3 of Workforce
Trane Inc. - Another 113
GlaxoSmithKline ( International ) - 180
Council Bluffs Community School District NE - Layoffs on the Table
Navajo County Nevada - 8
Southeastern Kentucky Rehabilitation Industries - 80 Temp Layoffs
through January
Warrensville Heights Ohio - 18
Idaho Juvenile Correction Center - 3
Kellogg Community College - Offer Retirement to 24 , No Layoffs Yet
Watertown Covidien Plant - 11 End of Feb.
Update: Licking County - Approves 17 Layoffs
Ball Corporation in Fairfield - 40 to 50
Mississippi - Considers Tuition Increases and 3,600 Job Cuts
Gov Lingle Hawaii - Plans More Layoffs Total 1,900 Over next 2 Years
Springs Preserve Las Vegas - 11
Update: Air Canada - Significant Layoffs Possible in 2010
The Santa Claus rally continues with Dow up 50.79 points!
Double-A
Double-A
"FRONT PORCH BLOG: The Bellevue chain recently told a bankruptcy court
that it will close 11 stores, including one at the base of the
Metropolitan condo tower in the Pearl District." (Portland)
OppenheimerFunds reaches settlements with NM, Illinois!
"Illinois' State Treasurer, vying to be a U.S. Senator, is taking heat
for not recovering as much for college savings investors as he said he
would."
November new home sales sink 11 percent!
"Sales of new homes plunged unexpectedly last month to the lowest
level since April, a sign the housing market recovery will be rocky."
Russian owner of Oregon Steel gets huge loan!
"Evraz Group North America, which owns Oregon Steel, has secured $225
million in financing from a bank syndicate."
Implant Sciences defaults on loan payments [Boston]
HyperMed files for bankruptcy protection [Boston]
Small banks, big problems!
"NEW YORK (Fortune) -- The New Year is shaping up to be a rough one
for community lenders. Dozens if not hundreds of small banks figure
to disappear in 2010, as a weak economy and regulatory pressure lead
to more failures and mergers."
Closures:
Mount Pleasant Aerobics & Fitness Closes Last Week
Big Lots in Summit Plaza
Big Town Bowlanes in Mesquite Closing Sunday
1st Security Bank of Washington Closing 2 Branches in Seattle and
Everett by March
Koppers Inc. is closing its Gainesville Wood Treatment Facility
Tennessee Valley Travel, Inc.
Update: Eddie Bauer to Close Portland Store
Sports Authority - Sparks Location
Tech Depot in Trumbull CT Closing by March 4
Need Magazine to Close in January
Layoffs:
Sangamon County, IL - 14 Layoff Notices
Glazer's Distributors operations in San Angelo - 12?
Health Care Bills May Cause Layoffs at Local Company
FKI Logistex - Warns of Possible 200 Layoffs / Moving Jobs
Buena Vista School District - 3
Tennessee Records 17 Mass Layoffs in November
AND the Santa Claus rally is sputtering! Dow only up 1.51 today.
Double-A
BradGuth
Got any GOOD news? (such as self-help bank robbing is way up)
~ BG
Double-A
Intel employees get an unexpected year-end bump!
"SILICON FOREST BLOG: Company's employees, including 15,000 in Oregon,
get a $1,000 one-time bonus."
Good news for them.
Double-A
Double-A
"A new initiative intends to place 30 homeless families in apartments
or houses in 30 days."
Another Oregon gold rush?
"Some miners say high prices, unemployment could lure prospectors."
We made it through tough year -- mostly!
"The year we wish wasn't is nearly over, and It's Only Money is shying
away from a year-in-review or -ahead column for the good of readers
and its own safety."
Treasury removes cap for Fannie and Freddie aid!
"The government has handed its ATM card to beleaguered mortgage giants
Fannie Mae and Freddie Mac."
Even as economy mends, a jobless decade may loom!
"WASHINGTON - Call it the Terrible Teens."
"ALL BUSINESS: No consequences for lying borrowers!
"NEW YORK - The government shouldn't reward liars. But that's the
effect of changes to the Obama administration's failing program to
help homeowners modify their mortgages."
Credit crunch: Home equity lending evaporates!
"Borrowing on the home for quick cash is a lot harder than it used to
be in the United States, and it's causing headaches for homeowners,
banks and the economy.
Bankruptcies:
Park Lafayette developer files Chapter 11 [Milwaukee]
HyperMed - Chapter 11
Black Gaming LLC - Plans Chapter 11
Closing:
Update: Lynchburg Foundry Company Officially Closes Today
Michigan City - A few School Closings Possible
Holiday Hardware in Greensboro NC
National Fuel's customer assistance center in Niagara Falls Closing /
Moving
Grisillo's Thriftway - New Castle Area Delaware Grocery Store
Butler County 211 Call Center
Fine Things in Downtown Antioch California
Riverwest Firefighting Company in Milwaukee
Boondocks on Height of Land Lake
New York & Co at Oakdale Mall
Claremont Museum of Art Closing This Weekend
Update: Tulsa Oklahoma Arrow Trucking Shutting Down - 1,400 Drivers
without Jobs
Mitchell's Floral Gallery in Dayton Fl
The Child Care & Development Center in Windbor
T.J. Carmody Restaurant in Hoosick NY
Ben Franklin Crafts in Charles Town Va
Smith’s Furniture in Louisville
Welcome Wagon International to Close Plainview Office
Update: Bobcat in Bismarck Closing Today - 500 Jobs Lost
Allied Systems Holding
Layoffs:
Jefferson County Al - Job Cuts Possible if Conditions Don't Improve
Berkshire Hathaway - Eliminated 21,000 Jobs This Year
(Ouch!)
Frontier Communications - 3% of Workforce in Pen.
City of Parma - 2
Plymouth Rock Studios - 9 Few Weeks Ago
Means Nursery Inc - 100 Next Year
Cleveland's Safety Force - 160 Layoff Notices
(Safety last!)
The York County Pa - 16
Stericycle Inc in Boynton Beach - 29 in Feb
AM General's Humvee plant in Mishawaka - 250 Temp Layoffs?
University of New Orleans - Planning Furloughs / Job Cuts
Urbana Police and Fire Divisions - Layoffs Possible Next Year
Cardinal Logistics Management Corp - 50+
Double-A
BradGuth
Yes, and good news for those others getting their secondary fair
share. Some of those fortunate Intel employees might even buy for you
that next cup of coffee or donut. However, nowadays $15M doesn't go
very far.
~ BG
Double-A
It would buy me a lot of cups of coffee at Starbucks!
Double-A
Semmalon
--
S e m m a
Be well and come... be welcome!
"Double-A" <doub...@hush.com> wrote in message
news:c24e7c2c-b661-4156...@n38g2000yqf.googlegroups.com...
Double-A
"VIRGINIA, Minn. - Northeastern Minnesota's taconite mines have
mirrored the economic downturn that's been hitting the national steel
industry. And experts say that's meant a massive hit to state and
local tax revenues."
Stocks higher? Famed investor says don't bet on it!
"We're on a sugar high," El-Erian says. "It feels good for a while but
is unsustainable." His point: This burst of economic activity fed by
government spending and near-zero interest rates will soon peter out.
Closing:
Rhythm Fusion in Santa Cruz
Plan Loving Adoptions Now
Santa Clara County - Some 2010 Fishing Areas to be Closed
Alum Rock Hardware in San Jose Ca Closed
Raynham Park Dog Track
Hallmark Store in Meridian's Bonita Lakes Mall
Sterling Hotel in Allentown Pa
Pickett’s Charge on East Center Hill Road
Grace Best Elementary School Closing at End of School Year
Layoffs:
William Morris Endeavor Entertainment Merger = Layoffs
Ad Agencies Forced to Shed Jobs
Saratoga Springs NY - 42 Job Cuts Coming Dec. 31
Tulsa Ok. Transit - Bus Driver Layoffs, Rise Fares all possible
Warren Fire Department - More Layoffs Possible
Double-A
Double-A
"TUSTIN, CA -- (Marketwire)-12/28/09 -- Radient Pharmaceuticals
Corporation (RPC) (NYSE Amex: RPC) today announced it has received
notice from the NYSE Amex that the Company is not in compliance with
the continued listing standard in Section 1003(a)(iv) of the
Exchange's Company Guide. The Company has until January 22, 2010 to
submit a plan to regain compliance by June 23, 2010. If the Company
does not submit a plan or if the plan is not accepted by the Exchange,
or if our plan is accepted but we fail to make progress consistent
with our plan, or we are not in compliance by June 23, 2010, the
Company would be subject to delisting procedures."
AP: Ponzi collapses nearly quadrupled in '09!
"MIAMI - It was a rough year for Ponzi schemes in the United States.
In 2009, the recession unraveled nearly four times as many of the
investment scams as fell apart in 2008, with "Ponzi" becoming a
buzzword again thanks to the collapse of Bernard Madoff's $50 billion
plot."
Report: Summit Accommodators diverted $66.5 million of client money
[Portland]
Pilgrim’s Pride completes bankruptcy reorganization [San Antonio]
M&I again extends foreclosure moratorium [St. Louis]
Sappington Square developer faces foreclosure [St. Louis]
Latham International, $239M in debt, files Chapter 11; plans to be out
by late February [Albany]
Groveland concrete pump firm files for Ch. 11: C&C faces nearly $10.2M
in debt [Orlando]
Sagging Tourism Forces 'Fiscal Crisis' For Hawaii
Before Buying First Home, Brace Yourself for Costs
NYC to Ban Backpacks , Deploy Officers for New Year's
Hawaii Restaurant and Hotel Jobs Down
Closing:
Red Raven Bookstore in Sandusky OH Closing
Update: Regions Bank Closing 5 Central Florida Branches
Birkenstock store in the Reno Town Mall
Waldorf Tuxedo Co Closes Last Store Early Next Year
Update: Arlington Heights Hotel / Water Park Illinois Closes Today?
Oakwood Interiors in California
Sam Goody in Holiday Village Mall
Elevation Burger in East Harbor
Wiles Smith drug store in Memphis Tenn. Possibly Closing
Austin's Old Fashioned Ice Cream Closed?
Waldenbooks in Indian Mound Mall Confirmed Closing
Great American Video in Idaho
St. Mary’s and Notre Dame Churches in Biddeford
Hallmark in the Riverbend Center
The Olive Branch in Corning NY
California's only state-owned reforestation nursery
John Leidy Gift Shop in Michigan
(I also noticed the mailboxes and shipping store where I used to take
my mail is now closed and vacated!)
Layoffs:
City of Grand Rapids - Layoffs Coming At End of the Week
Virginia Department of Transportation - Plans for Next Round of
Layoffs
Jackson Rancheria Casino and Hotel in Jackson Ca - 113
Virginia Manufacturing Jobs Fall
Affiliated Computer Services ( Houston Call Center ) - 181
DAX Stock Market Companies (International ) - Cut 116,000 Jobs in 2009
KT Corporation ( International ) - 5,992 or 16% of Workforce
Alliance Tire Co - More Job Cuts Coming?
New York Times - 18 Last Week?
Update: Yuba Community College - 58 Still to be Laid off in Jan
Gustine Unified School District Ca - Asking Staff to Take Furloughs
otherwise Layoffs
Double-A
Double-A
DJI down 1.67 today breaking the Santa Claus rally!
Broadcasters' woes could spell trouble for free TV!
"The business model is unraveling at ABC, CBS, NBC and Fox and the
local stations that carry the networks' programming. Cable TV and the
Web have fractured the audience for free TV and siphoned its ad
dollars."
GM offering deep price cuts on Saturn, Pontiac!
"Dealers will be paid $7,000 for every new Saturn or Pontiac left on
their lot if the vehicle is moved to dealer-operated rental or service
fleets, according to news reports."
Qwest ending death benefits for retirees in '10!
"DENVER - Qwest says it will eliminate death benefits for retirees
starting in March."
St. Joseph’s Housing Corp. files for Chap. 11 [Albany]
SunCruz parent files for Chapter 7 [Jacksonville]
Former high-flyer Three-Five Systems makes final distribution
[Phoenix]
Core Communities gets default notice on $14M loans [South Florida]
Credit Card Write-offs Increase and Could Keep Getting Worse
'Meltdown' is Coming for The Bond Market : Strategist Says
State and Local Tax Revenues Down Again
Bad News For Housing - Prices Flattening
Bankruptcies:
Ridgeview Heights LLC - Chapter 11
McNally Robinson
Oceans Casino Cruises, Inc
Tripp CDC Inc - Chapter 11 on Dec 22
Closing:
Auto Truck Transport USA Inc in Springfield - 186 Jobs Lost
Update: International Paper Co.’s Franklin mill to Shut Down Paper
Machine 1
Savvy Scrubs in Rome
Old Navy in Aviation Mall NY
Golf Discount Closed Wolfchase Store
Whitfield Financial Services Inc - Basically Shut Down by California
Department of Real Estate
The Disney Store at Opry Mills
Scottsdale Jean Co - Park West Mall in Peoria
McNally Robinson Closing 2 Locations
Radio Shack in Kingsport Town Centre
Wilson's sandwich shop in downtown Findlay in Danger of Closing
Pottery Barn Kids at Mayfield
Save-A-Lot Grocery Store in Campustown Shopping Center
Brass Eagle to Close Neosho Operation
2 Harvey Davidson Dealerships in Rocklin and Jackson California
Supplier Link Services in Jeopardy or Layoffs / Closing due to NUMMI
Plant Closing
Women's Attire in West Frankfort Illinois
New Tampa Young Chefs Academy
Harpers Ferry in Yuba City
The Beach House restaurant At Dana Point
Burger King on Madison Avenue in Minnesota
The Broadway revival of “Ragtime” Musical Closing Sunday?
Russell's Steak and Seafood House Closing This Week
Layoffs:
Rail Jobs Sink to New Low
Performance Technologies in Rochester NY - 20
US Fidelis - Hundreds More Layoffs Coming
Update: Tulsa Ok - Number of Police Layoffs 56 up to 135
VLST Corporation Complete 30% Workforce Reduction
South China Morning Post ( International ) - 30
South African Football Association ( International ) - Job Cuts
Possible Next Year
City of Oceanside - Final Number 26
Schuyler County - 3
Chippewa Falls - 5 Department Workers Take Retirement
American Steamship in Amherst NY - 319 Layoffs Possible Between March
- April 2010
Tennessee Counties - Trooper Layoffs Likely
Double-A
Double-A
DJI up by 3.10.
GM recalling some Corvettes over removable roof!
"WASHINGTON - The National Highway Traffic Safety Administration says
General Motors is recalling more than 22,000 Chevrolet Corvettes over
problems with their removable roofs, which could separate from the
vehicle."
Pilgrim's Pride pays $4.5M to end immigrant probe!
"DALLAS - Federal investigators will not prosecute Pilgrim's Pride
Corp. for employing illegal immigrants and have dropped an
investigation into the chicken producer and its workers, the U.S.
Attorney's Office in the Eastern District of Texas said Wednesday."
Haya Enterprises files for Chapter 11 [Portland]
Wake Forest church bankrupt; Fidelity Bank holds lien [Raleigh/
Durham]
Manufacturing Falls in December
Tolls on Pennsylvania Turnpike to go up 3% on Sunday
US Slaps Levy on Chinese's Pipes
Haya Enterprises LLC - Chapter 11 Bankruptcy
Brown's Chicken and Pasta - Chapter 11
Closing:
Dresser-Rand plans to shut down the plants in Olean, Wellsville
Porters of Racine ,to Close after 152 Years in Business
Rafav's in Grand Rapid
Wohali Academy Charter School in Greenville SC
Lakeview Castle on Lake Superior
Waters Restaurant in Irvine Ca.
The Sideline Bar and Grill in Largo
DuClaw Brewing Company's Fells Point Maryland Location?
Off the Track Bar and Grill Closed
Bob's Cycle Shop
Coffee Pot Sandwich Shop in Bangor in Maine
The Vineyard Café in Hyde Park
Medley ( Canada)
2 Damon's restaurants in the Susquehanna Valley Pa.
City of Aurora Colorado closing 4 Libraries
Wittenauer Pharmacy and Gift Shop in Portland
Sable's Jewelry Inc in Moline Illinois
Saturn of Bloomington-Normal - 25 Jobs Gone
Bebop Baby Shop in Essex Junction VT
Melwood Drug Co in Oakland Pen.?
Herbert Jewelers in Fort Valley
Hugo Boss to Close Cleveland Plant in April - 300 Jobs Lost
Prevent Child Abuse Wyoming
Cross Seed Company in Charleston Officially Closed
APL Logistics to close Jacksonville Office - 40 Jobs Lost
Tigard Sub Shop in Tigard Oregon
Palmen to Close Racine Dealership
Goerings Book Store , Center Stage Costumes & Magic , Gause and Son
Jewelers in Gainesville Fl
Update: Rexam in Nashua NH Bottle Plant
Fusion Warehouse Youth Center in Anderson
Submarina California Subs
Smart & Finial Extra Store in Brentwoods
Small Appliance Repair in Hagerstown, Maryland
Puckett & Company in Gadsden Al - Possible Closing
Sidney's Coffee in Boulder Co.
Desoto County, MS May be Force to Close 1 Court
Layoffs:
Center Grove Schools - 50 Notices Sent out
The Washington Times - Layoffs today
Honeywell Aerospace - 265 Temp. Layoffs / Temp Shutdown Phoenix Area
Operation
Aetna - Continues with Layoff Plans
City of Gloversville NY - Job Cuts to Balance Budget?
Madison County Department of Family and Children’s Services - Could
Face Layoffs
Idearc Media ( Verizon Yellow Pages ) - 150 Jobs Moved to India
Sangamon County - Confirms 3 Dispatcher Lay offs
Evansville-Vanderburgh School Corporation - Layoffs Possible
Double-A
Double-A
Colorado's minimum wage becomes 1st in U.S. to drop!
"Thirteen other states and the District of Columbia will keep a
minimum wage higher than the federal minimum, according to the U.S.
Labor Department. Alaska will join them Friday when its minimum wage
rises 50 cents to $7.75.
AT&T ends sponsorship of Tiger Woods!
"AT&T Inc.’s logo appeared on Woods’ golf bag, and he was the host of
the AT&T National PGA event in July. The phone company says it will
continue to sponsor the event."
Seniors won't see an automatic cost of living increase in their Social
Security checks for the first time since 1975!
Decision Biomarkers files for Ch. 7 bankruptcy [Boston]
Blue Heron Paper files for bankruptcy [Portland]
Anesiva scraps merger, will seek bankruptcy protection [San
Francisco]
Goldfinger strip club faces foreclosure [South Florida]
Cape Fear bank exiting market listing [Raleigh/Durham]
Closing:
Father Fud's Central Market in Oskaloosa County
Portland Capital
Borders in Parmatown Mall
Jonathan's Steakhouse
Bob Maloney Ford in Northern Arkansas
Saturn of Greenville
Eddie Bauer and Rave Store to Close at Steamtown Mall
The Playhouse Lounge in Cedar City Utah
First National Bank will close its branch in downtown Denver in March
Primrose Garage in Clitheroe ( International )
Elaine’s Café in Downtown Bakersfield
Tuesday Morning Store in Danville Va
The Chatterbox
Eagle Point Juvenile Correctional Facility in Buckeye Closing?
The Rite Aid on Washington Street in Wellesley
Mid America bank Closing Footville Branch
Danville Auto Auction
Layoffs:
The City of McAlester - Layoffs Begin at City Hall
Hanjin Heavy Industries and Construction Co ( International ) - 30% of
Workforce
Hoffman Estates - 4 Officers Let Go Today
The City of Johnstown Pa - 14
Update: Merrill-Stevens Boatyard - More Layoffs Expected
Big Blue IBM - Job Cutting Again?
Update: City of Warren Ohio - 2 Firefighters
City of Barberton OH - 7
Update Fairfield County in Ohio - 6
Department of Health and Hospitals Louisiana - 500
Double-A
Double-A
"The company, owned in part by its 216 employees, will reorganize
under Chapter 11 of the federal bankruptcy code, according to a
statement from the company's president and chief executive officer,
Mike Siebers."
Wells Fargo execs denied cash bonuses!
"But the bank's board awards the CEO and three other high-ranking
executives performance-based stock awards worth a combined $25
million."
Bad year for biofuel ends on a dour note!
"OKLAHOMA CITY - An alternative fuel for diesel engines is off to a
shaky start this year though it emits fewer pollutants and cuts down
on petroleum use because it's made from environmentally friendly waste
and vegetable oil."
Russia sets minimum price for vodka!
"MOSCOW - The price of the cheapest vodka on the Russian market more
than doubled as the government set a minimum price in an effort to
fight rampant alcoholism."
(Oh no! The poor will be hardest hit!)
Bank sues owner, stables over $3 million loan!
"LEXINGTON, Ky. - A Kentucky bank has sued Thoroughbred trainer and
owner Cash Asmussen and his Mark Point Stables, saying a $3 million
loan has gone unrepaid."
New Year Bankruptcies:
Anesiva - Chapter 11 Bankruptcy
FFS Data - Chapter 11 Bankruptcy
Blue Heron Paper Company - Chapter 11
New Year Closings:
Reebok Store at the Fort Chiswell Outlet Mall
Maui Land & Pineapple Company Closing? - 285 Jobs Lost
Carnelian Room atop the Bank of America Building in San Francisco
(OH NO! The Carnelian Room! Best abalone I ever had! Great view of
the city of San Francisco. A rich man's restaurant. An attendant in
the restroom would hold your coat for you while you took care of
business! I might still have their matchbook. All that's left now of
a great memory back when I was courting my wife!)
Update: Iseli Company Closing CT. Plant Moving to Wisconsin
Le Coq D'or Restaurant
Alabama Department of Conservation and Natural Resources is closing
its Prattville office
Cellular Junction in Northern Colorado
Harper's To Go Go Restaurant in Southpark Charlotte
Quizno's in River Falls Wisconsin
Lorenzo's Dry Cleaners in Downtown Buffalo NY
StarGaze Bar in Chicago
Cadillac of Whittier in California
Thomson Correctional Center - Possible Closure
New Year Layoffs:
Update: Nordyne - 100 Layoffs today
Niagara Falls Memorial Medical Center - 24+
City of Quincy - Some Layoffs / Some Early Retirement
(And a Happy New Year!)
Double-A
Double-A
"Oregon lost 77,900 payroll jobs during the first 11 months of 2009, a
toll that casts a long shadow on prospects for economic recovery in
2010."
Contractors see bleak prospects for 2010!
"Contractors see few reasons for optimism in 2010 as they face a tight
private-sector commercial job market, high unemployment, slow
population growth and lack of business expansion."
US Loan Efforts is Seen as Added to the Housing Woes!
Cities and Counties Take Back Corporate Tax Breaks!
Banks Roll Out New Check, Card Fees!
Bankruptcy:
Ski Market - Chapter 11 Bankruptcy
Closing:
B. Dalton bookstore in Fargo West Acres Mall
The Marion County Law Library Closing this Year
APG Meridian in Richmond ? - Workers Surprised to See Plant Closing
Mandala Books in Dayton Beach Closing in April
The Gaylord Old Navy clothing store, located at Alpine Crossings
Jimmie's Auto Parts in Culpeper
Lane Auto Parts in Fredericksburg
B&C Grocery in NC
St. Cloud Transitional Home Closing
Layoffs:
California - 200,000 State Workers Set to Go on Furloughs, Many Fear
Layoffs Next
Reed Business US - Layoffs / Closures Coming?
Update: Rookie Cleveland Cops set to Lose Their Jobs
Double-A
Double-A
due to this depression after 40 years in business!
A breathtakingly beautiful spot! I dined there in 1982. It survived
the turbulent Carter economy, but it couldn't survive this one.
Foreclosures weigh on home appraisals!
"LOS ANGELES - It wasn't the first time that Katherine Scheri ruined a
real estate agent's day with a low property appraisal."
Cities, counties take back corporate tax breaks!
"CHICAGO - Cash-strapped communities have a message for corporations
that promised jobs in return for tax breaks: A deal's a deal."
IRS cuts the business mileage deduction for 2010!
"The Internal Revenue Service isn't wishing a happy new year to
millions of sales representatives, contractors and other business
people who drive a lot. It's slashing the business mileage
deduction. The cuts went into effect yesterday, New Year's Day. From
now on, taxpayers face a 9% cut in the business mileage deduction --
from 55 cents a mile previously to 50 cents a mile now. The IRS also
announced that those who moved for work or counted travel as a medical
expense will see a reduction from 24 cents per mile to 16.5 cents. The
reductions could have a noticeable impact on those who rack up a hefty
number of miles as a business expense: This includes things like
delivering pizzas, attending meetings, driving to the post office and
anything else where traveling by car is a part of your job. But
before you go muttering darkly about the IRS, keep in mind that the
feds bumped up the mileage deduction in 2008 because of the sharp rise
in gas prices."
(That's OK. Then don't use the mileage rate deduction. Itemize all
your vehicle expenses and prorate them according to its percentage of
business use. Anything to give the IRS auditors more to wade
through!)
Washington slaps fee on plastic shopping bags!
"Residents of the US capital may have to dig a little deeper into
their pockets when they go grocery shopping once the city slaps a five-
cent levy on each plastic bag issued at the checkout line. The
measure, which takes effect on January 1, 2010 and is the first such
initiative in the United States, seeks to make consumers bear the
brunt of clean up costs for the bags which currently are dispensed for
free with a customer's purchases."
(The poor will be hardest hit!)
Closing:
Ford of Colchester Inc Closed Dec 20th
The Chambersburg Mall Waldenbooks
United Hyundai Closes without Any Warning - 100 Jobs Lost
The Cage in Indiana Theater Basement
Contra Costa / Alameda County Ca. Has Lost 15 Beverage Redemptions
Centers Over Past Year
Layoffs:
Hillside NJ Mayor wants Restructure or Layoffs
City of Cuyahoga Falls - 4 Police Job Cut Notices
Governments Statewide - Layoffs / Pay / Program Cuts all Possible
Huntsville Al. Area Schools - Layoffs / Consolidations Likely
Saratoga Springs - Recent Layoffs to Possibly Effect Dare Program
Update: Gamesa Wind Turbine - 79 Temp. Layoffs
Double-A
BradGuth
It could get worse, and lo and behold it is.
So, what are you doing to fix any of it (besides mooching off the rest
of us)?
~ BG
bert
AA banks created this greatest depression.Banks give out no money
(credit zipo) Why should they when Bush and Obama gives them the key
to the treasury.Obama changed nothing. Its bull shit from the top
Americans will lick food stamps. The Mafia has won. China has all the
jobs.They will build a base on the moon.Obama has bowed to the Chinese
commie heads. So has our Mafie press. Chjna is growing at 8% per
year.The Fiats will be built in China so we can drive them So sad
Bert
bert
AA Schools closing in Fl. so Sunrail can put big bucks inthe good old
boys pockets Children 0 Crist 10 No hope for democracy ever returning
to Florida. Bert PS waiting for new web reciever to work with digital
signal Its costing about $175
bert
AA Record cold wave. 28F at 7am Will last for a week.Progress Energy
will be cutting off juice,and the poor will get sick. My having no
water only proves what is happening I would be dead if I had no heat.
You are a mountain Oreagon man. Still you must cuddle up with Kim.
Its the best way to go Bert
HVAC
"bert" <herbertg...@msn.com> wrote in message
news:b8489bd6-9bec-4db4...@m25g2000yqc.googlegroups.com...
AA Record cold wave. 28F at 7am Will last for a week.Progress Energy
will be cutting off juice,and the poor will get sick. My having no
water only proves what is happening I would be dead if I had no heat.
You are a mountain Oreagon man. Still you must cuddle up with Kim.
Its the best way to go Bert
I bet AA's already hittin that homeless ass!
bert
AA does that go for papper bags? When they say paper or plastic(takes
some thinking) I always said paper.I am use to paper.What happened to
wax paper? bert
Double-A
Send me $100, and I will take Kim to a fancy restaurant, and thus do
my part to keep them in business!
Double-A
Double-A
This is a tax on plastic bags, so when in DC, say, "Paper please."
> When they say paper or plastic(takes
> some thinking) I always said paper.
I think most stores here will still give you paper if you ask for it,
but they don't ask you anymore.
> I am use to paper.
I had more uses for paper bags around the house, so I would ask for
paper. Now I find uses for my plastic bags.
> What happened to
> wax paper?
What happened to easy to open cellophane?
> bert
These charges for plastic bags are coming to a city near you.
Double-A
Double-A
day of traiding took off with a bang as the DJI rose by +155.91! And
as they say on Wall Street: As goes the first the first day, so goes
January! As goes January, so goes the year! Let us hope so!
Greek Cusina closes, but controversy continues!
"The owner of the longtime Portland restaurant has been at odds with
the city for nearly two years."
KOIN Center sells for steep discount!
"The terms of the sale weren’t disclosed but my friend Brent
Hunsberger reported that the price is between $50 million and $60
million. That’s more than a 40 percent discount from the last sale.
California Public Employees' Retirement System, or CalPERS, bought the
tower."
(High rise condominiums.)
Little improvement seen in Conn. economy!
"HARTFORD, Conn. - Two state economists say Connecticut's economy will
improve little, if at all, in 2010."
Conn. AG seeks credit card fee rollback!
"HARTFORD, Conn. - Connecticut Attorney General Richard Blumenthal
asked Federal Reserve Chairman Ben Bernanke Monday to roll back
increases in fees and interest charged to credit card holders."
New Continental CEO makes salary pledge!
"DALLAS - The new CEO of Continental Airlines Inc. says he will refuse
to accept his $730,000 salary or annual bonus until the company makes
a full-year profit."
Airlines hike fares up to $10 round-trip!
"MINNEAPOLIS - Some airlines are keeping their New Year's resolution
to raise fares."
Jones Energy acquires bankrupt oil and gas co. [Austin]
Idearc leaves Ch. 11 with a new name [Dallas]
Foreclosure.com parent seeks bankruptcy court protection [South
Florida]
Bankrupt Hawaii hospitals face uncertain future: Three competing
reorganization plans take Hawaii Medical Center hospitals in different
directions [Honolulu]
Seminole Mall loan classified as troubled: There are 55 area
properties securing $457.5M in distressed loans [Tampa Bay]
JE Dunn filing wants to get West Edge bankruptcy moving [Kansas City]
Bankruptcy filings surge 80% in North Texas [Dallas]
Colo. bankruptcy cases up a third in ’09 [Denver]
US Airways Reinstates Baggage Fees
IRS Proposes Tax Preparer Regulations
(So those preparers who find too many dections for their clients can
be punished?)
More Than 40,000 New Laws Go Into Effect in 2010
(And you will be expected to memorize every one of them before you
attempt to do anything, because remember, ignorance of the law is no
excuse!)
Foxland Harbor Marina LLC - Chapter 11 Bankruptcy
Closing:
Contemporary Arts Studio in Hilliard Ohio
Robles Center Welfare Office in Milwaukee Closed
Big Y Supermarkets Closing Boston Road Store in Feb.
Aubuchon Hardware in Laconia New Hampshire
List of 34 Toronto Stores That Didn't Make it Through 2009
Gerbes Supermarket at 2020 North Bluff St. in Fulton Closing??
Pueblo Azul Store
Update: Nashua Corporation Plans to Closing Omaha Plant ?
The Hopkinton Independent School in New Hampshire
Bittersville United Methodist Church in Lower Windsor Township
Surf City Urgent Care and Family Medicine Temp. Closing?
West Elm Store in Kentwood Towne Center
Fort Ticonderoga Ferry Closes Down due to Unable to Obtain Insurance
Layoffs:
McDermont Field House - 33
Virginia Department of Transportation - 678 Layoffs Notices Issued
Today
(Gasp!)
Alcoa Tennessee Operations - 90
Guaranty Bank Closure - 270 in Travis County
Kamloops-Thompson School District - Job Cuts Possible
The Longaberger Company - 125
(This may have been downsized to the Shortaberger Company!
Dartmouth College Seeks to Reduce Staff Size?
Large Law Firms - More than 12,000 Job Cuts in 2009
(Wow! Now who are going to handle all those bankruptcies?)
Trumbull County Board of Developmental Disabilities MRDD - 18 Layoff
Notices
Doublle-A
bert
AA Hospital will be taken over by Mafia "Hanna" Like hospitals here.
Best to keep in mind Fast trains are being built,and that will be the
solution to all our probles. When you are broke you can stay on a warm
train. I did. Fact is I did not mind riding it for 5 hours. I did not
mind the many stops. It only cost a dime and no dime you ducked under
the turn style. Oi ya It was nice Bert
Double-A
Here the MAX train costs $2.30 to ride all the way across town.
Ticket good for about 2 hours. You can get on without a ticket, but
fare inspectors can board the train at any stop and check everyone's
tickets. They are doing more ticket checking now to crack down on
free riders. If you get caught it's a $200+ fine. If you get caught
too many times, you can end up like that homeless woman who passed
though here a few weeks ago: banned from all TriMet property! TriMet
runs all the local busses and trains here.
Double-A
Double-A
"MISSOULA -- Macy's has announced the closure of five stores,
including those in Missoula and Boise, Idaho. Major sales are
scheduled to begin on Sunday and continue for 60 days, after which the
stores will close. According to the Missoulian, he company said today
the closure is part of an annual effort to close underperforming
locations while also opening stores in new markets. Also closing are
Macy's stores at Summit Place Mall in Waterford, Mich.; at Northwest
Plaza in St. Ann, Mo., and at Burlington Center Mall in Burlington,
N.J. All the stores will follow a similar closure timeline. Macy's
CEO Terry Lundgren says employees at stores that are closing may be
offered positions at other Macy's stores, where possible. Regular full-
time and part-time associates that are laid off will receive severance
benefits. The downtown Missoula Macy's has 55 employees while the
downtown Boise store employs 61."
Gas prices on the rise in Oregon and U.S.!
"The national average for regular unleaded jumped 6 cents to $2.67 and
the average in Oregon rose 3 cents to $2.74."
(Looks closer to $3.00 around here!)
Money woes force Beaverton-based Tualatin Valley Housing Partners to
close!
"Embezzlement, fewer grants, a credit freeze and defaulting renters do
in the nonprofit housing agency."
New management means Tualatin Valley Housing Partners complex in
Tigard may avoid wrecking ball!
"Hawthorne Villa, run by the defunct nonprofit, is a dilapidated mess.
But a changes mean residents, many of them poor and special needs,
will probably not have to find a new place to live."
Americans' job satisfaction falls to record low!
"Even Americans who are lucky enough to have work in this economy are
becoming more unhappy with their jobs, according to a new survey that
found only 45 percent of Americans are satisfied with their work."
Big Carmakers Report 2009 Sales Decline!
Report Shows 17 Cities Face Unemployment Rates Higher than 15%!
Pending Home Sales Index Plunges 16% in Nov.!
Bankruptcies:
Classic Sleep Products
Ironhorse Country Club
Haights Cross Communications Inc - Chapter 11
International Aluminum Corporation - Chapter 11
Mesa Air Group - Chapter 11 Bankruptcy
Closing:
Bway Corp. is closing two plants -- in Chicago and Canada
Syms Store Closing Cranston RI Location
Ashley Furniture HomeStore Closing Carmel Location Indiana
Wildwood Catholic school
Step2 Closing its Fort Valley Plant
Fresno Metropolitan Museum
Spartan Stores Inc Possible Closing Plymouth Distribution Center
Macy's Closing 5 Stores Mostly in Midwest
Pier 1 Imports Store on the Southside
Village Bicycle in Westport
EA Shutting Down Multiple Game Servers Next Month
Greek Cusina in Portland Oregon
Bay City's Fire Station 5 in Michigan
Layoffs:
San Diego PD - Letting 12 Dogs Go From the K-9 Force
(Oh no! Now even dogs can't keep their jobs anymore! I hope their
unemplyment benefits don't include a trip to the Euthovac
machine!)
Hanjin Heavy Industries and Construction ( International ) - Plans 30%
Staff Reduction
Forterra Systems - 1/2 its Workforce Last Month
Opus Northwest LLC - 15
Alcoa Warrick Operations - 145 Layoffs this Year
Pilgrims Pride Corporation - 230 Today
Wisconsin State Assistant District Attorneys - Job Cuts Coming?
Regional Medical Center in Anniston Al - 14
The Naperville PD - 10
AT&T - 160 in Connecticut
Village of Roseville Chicago - 2
Vermilion County Health Department - 12
American Medical Response in Monterey County - Switch 11 Full Time
Jobs to Part Time
Radiant Communications Corp ( International ) - Job Cuts unknown
Number
Update: Windstream - Cutting Jobs as Stated Last November
City of Hollywood Unions - Furloughs or Layoffs
Cleveland Unions - Accept Concessions or Face Job Cuts
Lancaster Pa - 23 Layoffs Expect this week
Double-A
Double-A
diary, has been jacking up people subscription rates by 24%! However
when people call up to cancel, they back off, or give them a month for
free. Yet they are delivering a thinner paper than ever before!
Seems like the death throws of another great metropolitan newspaper!
I keep expecting to see them show up on one of the bankruptcy lists.
Haggen, the 24-hour store in whose food court I used to sleep, is now
changing its hours to be open only from 6:00 AM until 11:00 PM. I
guess they will have to take the big block golden letters down from
over their doorless front door that say "OPEN 24 HOURS". They will
also have to install the door that they can close, that they used to
only use when they closed for Christmas! This is a continuation of a
downsizing of staff that I have noted over the past year. The
payphones are gone. They lost their Starbucks franchise a year ago.
Their prices are just not competitive in this recessionary economy.
However, they do have a value brand, which Safeway doesn't have, but
stores like Target and Fred Meyer do.
Adidas: Adidas AG will close its Pearl District store next week, the
second big-name athletic shoe store to go out of business in the
Northwest Portland shopping district.
Blue Heron Paper Co.: The Oregon City mill has reached an agreement
with its creditors to stay in business during bankruptcy.
Opus NW lays off workers but says bankruptcy not in its future!
"FRONT PORCH BLOG: While other Opus divisions filed bankruptcy, Opus
NW's CEO tells a trade journal his division won't have to file
bankruptcy."
Multnomah County (OR) mortgage defaults up 54% in 2009!
Tight money market hurts NW bank stock offers!
"After opening a crack in August and September, the window of
opportunity for Northwest banks to raise badly needed capital may have
slammed shut."
American Airlines traffic fell 1.6 percent!
"FORT WORTH, Texas - American Airlines said Wednesday that December
traffic fell 1.6 percent, but planes were fuller as the airline cut
capacity by reducing flights."
Seed maker Monsanto posts 1Q loss on weak sales!
"ST. LOUIS - Monsanto Co., the world's biggest seed maker, said
Wednesday it lost $19 million in the first quarter as global sales of
its popular Roundup herbicide sank in the face of generic
competition."
Nasdaq to drop Mesa Air stock Jan. 14 [Phoenix]
Vermillion creditors bless reorganization plan [San Francisco]
Bankruptcy auction planned for 333 units in Kendall [South Florida]
AeroThrust files Chapter 11 [South Florida]
Country Club of the South sold at auction [Atlanta]
Mesa Air Group files Chapter 11 [Phoenix]
Carolina Custom Concrete shuts down [Raleigh/Durham]
Pilgrim’s Pride cutting 230 jobs [Dallas]
S. Fla. foreclosures up 29% in 2009 [South Florida]
Ironhorse Country Club seeks bankruptcy auction [South Florida]
Mortgage Demand Near 6-Month Low as Rates Rise
Saturday Parking Fee in D.C to Start Mid- Jan
(They are already imposing Sunday parking fees in Portland!)
Toyota , Honda Sales off 20% in 2009
AeroThrust - Files Chapter 11
Closing:
Williams-Sonoma Closing Beavercreek Store
St. Daniel-St. Matthew Academy in East Syracuse
New Breed Logistics in Greensboro Closing
Kathy's Klippers
Hamburg Township Michgan? Post Office Temp. Closing?
Amicus Books
The Second Fret Coffeehouse & Music Hall in Downtown Statesville
Fort Smith Town Club
The Jude 3 Book Store in Holland Township Michigan
Adidas AG Store in Portland’s Pearl District
Hickory Hollow Mall in Nashville Tennessee - 5 More Stores Leaving
Cleveland Ohio to Close 18 Schools
(18 Schools ???)
Sanctuary Day Spa at the Seascape Resort shopping center
Master Shoe Repair in Coastland Center
La Cantina Restaurant ( Canada )
Pacchia Restaurant in Dayton Oregon
Traverse City PD Closing Downtown Office
Layoffs:
GlaxoSmithKline - Cost / Job Cuts
Contra Costa County California - Layoffs Unavoidable
Westcode Inc - 45
Gallaway Township NJ - 5
Springfield IL Mayor Tim Davlin’s Plan Includes Job Cuts / Furloughs
University Medical Center Clark County NV - Job Cuts, and Other Cost
Cuts Planned
Konecranes Service Corporation - 15
Update: Cumberland County NJ - Layoffs Notices Could be Going out Soon
Wayne County OH. - 13
VictoryLand - 225 Temp Layoffs
Nationwide Grove City - 30
Oklahoma City - Cutting Positions , some Vacant
Canfor Corporation ( International ) - 180
Update: Alcoa Rigid Packaging Division - 235
Wi-Fi Industries - Number of Employees Let Go
Cascade Steel Rolling Mills in McMinnville - 17
(More Portland area layoffs!)
Double-A
Double-A
"Owners of shops in Lake Oswego and Hillsboro find that tight times
prompt more customers to fix their shoes instead of throw them away."
(And Lake Oswego is a posh neighborhood!)
Ensequence announces "meaningful" layoff!
"SILICON FOREST BLOG: Interactive TV company says it's paring back to
focus on a core market."
Struggling Blue Heron mill in Oregon City lays off 50 workers!
""This is a very difficult time for our employees who have worked hard
for the company and done nothing wrong," said Mike Siebers, president
and chief executive officer of the Blue Heron Paper Co."
Oregon AG goes after loan modification firm USMAC Law Group!
F"RONT PORCH BLOG: State law prohibits loan modification companies
from collecting advance fees and using confusing contract language."
West Coast Bank sells 58 homes for 42% discount!
"West Coast Bank of Lake Oswego disclosed yesterday that it had sold
69 foreclosed homes in a bulk deal. The buyer was S-Cap 09-5080 LLC,
an affiliate of Sierra Capital Investment Partners of San Diego. The
Portland Business Journal had the story. The interesting part is
buried in West Coast Bank’s SEC filing. The bank lists the address,
current list price and sale price for the properties. (11 properties
had incomplete information.) The combined value of the 58 homes based
on their current list price was $18.6 million. West Coast Bank agreed
to sell those 58 homes for $10.8 million, a 42 percent discount of
$7.8 million. (See all the details here in this spreadsheet.) Of the
69 total homes, 25 were in Lebanon (of all places) and 13 were in
Washougal. As the PBJ reported, the sales come as the bank is trying
to reduce its nonperforming assets and to take advantage of recent tax
law changes extending the carry back period for net operating losses."
U.S. apartment vacancy nearly hits 30-year high!
"Reuters reports that the U.S. apartment vacancy rate rose to an
almost 30-year high of 8 percent in the fourth quarter, and rents
dropped in the biggest one-year slump, according to real estate
research company Reis Inc. For 2009 asking rents fell 2.3 percent,
also the largest decline in 30 years. "Never before have we observed
rental properties in so much distress, both on the space and pricing
side," Calanog said."
Mortgage purchase applications at lowest level in 12 years!
"The Mortgage Bankers Association said mortgage application volume
rose .5 percent in the week ending Jan. 1 compared to the week before.
But more importantly, Calculated Risk reports that MBA’s purchase
index is following a steep decline since the mid-October (the heart of
the first-time buyer tax credit wave).The four-week moving average for
the purchase index is at its lowest level since November 1997."
Zell Bros., the landmark Portland jeweler, closes!
"Another holiday catch up story. But in case you missed it, Zell Bros.
finally announced that it’s closing for good. The chain that owns the
store now had been less than clear about its plans last year. But as
Tom Hallman reports in this nice piece, Zell and piece of Portland
history has ended. And another downtown storefront goes empty."
Vue bankruptcy auction set for March 15 [Orlando]
Court OKs Vermillion reorganization [San Francisco]
WaMu shareholders could get seat at bankruptcy table [Seattle]
Six Flags aims for March bankruptcy exit [Washington, D.C.]
The AIG Fiasco Keeps Getting Worse
US Warns Banks to Guard Against Rate Rise Risks
Economists Worry Economy Won't Recoup 7 Million Lost Jobs
Pain at the Pump, $3 Gas Returns
Sargent Ranch LLC, bankrupt
FirstFed Financial Corp - Chapter 11
Mattress King - Chapter 11
Closing:
Six Wags Dog Park in Salem
Blockbuster Store in Lakeland Florida
ACME in Jersey City
Ninepipes Museum of Early Montana
Nampac on Industrial Boulevard in Toccoa Ga
Coastal Credit Union - 4 Offices
3 publications: Manufacturing Business Technology, Industrial
Distribution and Video Business
Belltown Bistro
The Medicine Shoppe’s Adrian Michigan Location
Crate & Barrel is closing its Faneuil Hall Marketplace store
EMCO Confirms Closing of Des Moines Distribution Center
The Los Angeles Times is closing its printing facility in Orange
County
Tar Heels University’s Temporary Staffing Service
Lollipop Decor and MJ Sugar Shack
Ray's Candy in Danger of Closing?
Western Kentucky Navigation - 161 Jobs Lost
NN, Inc Closing Manufacturing Facility in Tempe Arizona
Dairy Queen Near University of Dayton Ohio
Rhode Island Public Broadcasting Service Foundation - Opening 2 news
Studios, But Closing 4
Update: The Nashua Corp. plant in Omaha, Neb Closing This week
Danco Furniture in Mount Pleasant
Update: Pier 1 Imports Store in Owensboro
Shooters nightclub in Alamogordo NM
Music Box Center
Winona Area Public School to Discuss tonight Which Elementary School
to Close
Jack in The Box Closed El Camino Real, Ca. Store
Amy's Hallmark in northeast Bakersfield.
Old Navy in Sunset Mall
Kirlin's Hallmark Store in Centralia
Sitel Corporation Closing Winfield Al - Call Center - 302 Jobs Lost
FYE store in the Oviedo Marketplace Mall
Mohawk Industries in Eton - 190 Jobs Lost
Layoffs:
Shell Canada - Job Cuts Expected
Bradford Hospital Pa. - 59
Anheuser-Busch InBev - 263 in Belgium
Star Tribune - 30
Cecilware Corporation - 80
Merck Layoffs Loom
Pfizer and Merck Signals Deep Cuts in R&D Groups
ASTAR Air Cargo - 303 Pilots
L.E Rader Center in Sand Spring OK. - Job Cuts Coming?
Debswana ( International ) - up to 1,000 in Jwaneng, Orapa
Update: Nationwide's Grove City operation - Up to 120 more job cuts
Smithfield Foods - Lowers Layoffs to Few Than 30
Update: United Airlines - Total 140 This Month
Portage County Sheriff - 15 Layoff Notices
BAE Systems Riverside Office - 17
Alcan Cable - 33
Accent Marketing - 340
American Health Quality Association - 2
Double-A
Double-A
"Deschutes County (Oregon) continued to stumble in 2009 with 3,507 new
foreclosures started, according to county records. That’s 82 percent
more than a year earlier and 15 times more than the number recorded in
the bubble year of 2006. In the Portland metro area, lenders recorded
12,893 new foreclosures, up 62 percent from a year ago. Clark County’s
new filings rose 24 percent to 3,813."
Stocks fall as December job losses top estimates!
"NEW YORK — Stocks retreated Friday after the government said
employers cut more jobs than expected last month. Interest rates fell
as some investors sought the safety of Treasury notes and bonds. The
Labor Department, which also said the unemployment rate stayed at 10
percent, reported that employers cut 85,000 jobs last month, worse
than the 8,000 drop analysts expected. The report also signals that
many jobless people are giving up on their search for work."
Shrinking US Labor Force Keeps Unemployment Rate From Rising!
Schwarzenegger Declares Budget Emergency in California!
Official : GM is Closing Saab!
Why Job Growth will Be Weak and Painful This time!
Closing:
Grand Traverse Stamping Plans on Closing in Traverse City Moving Jobs
to Mexico
DeSoto Mills in Fort Payne - 104 Jobs Gone
Regal Cinemas at Inlet Square Mall
Update: Polyair Inter Pack Inc will close its plant in Youngstown,
Ohio
Albertson Grocery to Close 8 Florida Stores
Albertsons Grocery Chain Plans to Close 3 More Denver Area Stores
Gate Gourmet Airlines Closing Philadelphia Site - 27 Jobs Lost
Porter Novelli to Close Sacramento Ca Office
Movie Gallery - 400 More Stores
Zen Sushi & Noodle in IA
UPS Closing Cincinnati District Office
Deck The Walls at Westfield Gateway mall
CalNeva Broadband Office Closing
Blackhawk Restaurant in Wheeling Closed Dec 31
Video Business End Publications
Foot Locker to Close 117 Stores
Annville-Cleona School District Proposes Closing North Annville
Elementary School
Los Angeles label Anzevino and Florence Closes LA Store
Wavelengths in Bakersfield CA Closing, May Reopen
Marshalls in Mohave Crossroads shopping center
Rite Aid store in Harte Haven Plaza in Massena NY
Boys & Girls Clubs of the Blue Ridge
Montreal Canada Shell Refinery to Close
The Gap store at Westwood Mall
The Wishing Well party supply stores in Sacramento CA
Update: Accubuilt an Elkhart plant Closing in March
Caritas Health and Wellness Center Norwood MA
Borrego Ranch Resort & Spa in San Diego Ca?
Burger King in Kettering
Popeye’s Chicken & Biscuit restaurant in Centerville
Layoffs:
Update: City of Urbana - 3
AT&T Customer Service Center in Albany - 75 in March
Pratt & Whitney in North Berwick Maine - 17
Puerto Rico Gov. - 2,400
Case New Holland ( Grand Island Plant ) - Plans 128 Layoffs, as
Previous Announced in Nov.
Pfizer Collegeville - 450
The Battleship New Jersey Tourist Attraction - 12
WDTN- TV Channel 2 - 4
ConMed Corporation Utica - up to 100 Over the next 8 Months
Booth Newspapers Michigan Today announced Staff Reductions At The
Grand Rapid Press
CenturyLink - 600 in Past 6 Months
Update: Merck + Schering Reps - Face 500+ Job Cuts
The Westport Shipyard - More Job Cuts
Update: City of Reno - 48-58 Layoffs Possible Today
Engineered Machined Products, Inc.in Escanaba - 26 Temp?
The Taney County MO - 13
Clark County - 67 Today
Thomas Nelson Community College - Layoffs Details Later Today
Molecular Insight Pharmaceuticals Inc. - 9
Baton Rouge La - Budget Due out Today - 6 Jobs to be Cut this Month
Already
Foot Locker - 120 Corporate Jobs
Fresno County Sheriff Department - More Layoffs Coming
UPS - Plans 1,800
The West Penn Allegheny Health System - 213
Technicolor - 105
Fairfax County Public Schools - Budget Proposal = 600 Jobs Cut
Reno NV Fire Department - Layoffs Expected Soon
Tucson Regional Economic Opportunities - Job Cuts This Week
City of Tucson Arizona - 3 Prosecutors
Gurit in Canada - 125 Temporary Layoffs
Village of Matteson - 22
Sutter Lakeside Hospital - 19
The Pleasanton School District - Possible 50+ Layoffs Increased Class
Size
McQuay International - 75
Rockford Public Library - Layoff Announcement Monday
Corel Corporation ( International ) - 20% of Global Workforce
Westport Shipyard Inc - 6+
Pfizer Pearl River - 116 in April
Double-A
Double-A
"International Game Technology will cut 57 jobs in a cost-saving
move."
Wash. bank regulators shutter Horizon Financial!
"Horizon Financial Corp., the holding company for Bellingham, Wash.-
based Horizon Bank, was shutdown today by the state of Washington's
Department of Financial Institutions and the Federal Deposit Insurance
Corp."
Portland area churches pull together to provide shelter for homeless
families!
"Families with children account for 56 percent of Multnomah County's
homeless population, and they present special challenges for those
trying to help".
For the unemployed, new job often means a pay cut!
"Unemployed for nearly a year, David Becker was relieved to land a new
job in information technology last summer. The offer carried a price,
though: It was a lower-rung job than the one Becker had lost. He had
to uproot his family from Wisconsin to Nevada. And, like many formerly
jobless people who find work these days, Becker is now paid far less
than before-$25,000 less. It's one of the bleak realities of the
economic recovery: Even as more employers are starting to hire, the
new jobs typically pay less than the ones that were lost."
Western Ky. towboat company faces possible closure!
"PADUCAH, Ky. - A western Kentucky towboat company faces the prospect
of closing by spring if it can't find a new partner to work with on
the waterways."
Spain reassures Iceland on EU entry bid!
"REYKJAVIK, Iceland - The European Union presidency is assuring
Iceland that the political fallout following the collapse of an
Icelandic bank will not affect its bid to join the EU."
Frozen Europe: 100s of flights canceled in Germany!
BERLIN - A plane slid off an icy runway and powerful winds and heavy
snow forced hundreds of flight cancellations across Europe on Saturday
as blasts of freezing cold buffeted Europe."
(There's that global warming again!)
Reports: JAL could file for bankruptcy on Jan. 19!
"TOKYO - Struggling Japan Airlines Corp. could file for bankruptcy as
early as Jan. 19 under a government-backed restructuring plan that
includes 13,000 job cuts, reports said Saturday."
(GASP! 13,000 job cuts!)
Arrow Trucking - Chapter 11!
Closing:
The Banana Tree in Traverse City
Stone Mountain Super Target Store in Georgia
International Game Technology is closing its Corvallis office - 57
Jobs Lost
Simon Gallery and Red Gallery in Yakima Washington
Owens-Illinois ( Toano Plant ) Closing for up to Six Months
Newman Catholic Schools - 2 to Close
Auntie Anne's pretzels in Columbia Mall
The Etc. cards and gifts shop in Sacramento Ca
Nu-Tec Coatings - Temp Closing - 77 Workers Furlough
The Cherry Nightclub at Red Rock Resort Las Vegas
The Roger Dunn Golf Shop in Visalia
12 Arizona Motor Vehicle Division Branches
3 Albany Georgia Restaurants
The Body Shop at Bella Fair WA
Layoffs:
Plainwell Community Schools - Reduces Custodians / More Cuts Likely
Louisiana Area Colleges - Announces Job Cuts / Class Cuts
Makaha Resort & Golf Club - 20% of NonUnion Workforce
Duluth Paper - 2 Execs
Thomas Nelson Community College in Hampton - 21
Update: City of Reno Approved - 78 Layoffs
Update: City of Naperville - 49
Double-A
Double-A
"Bryce Morrow, an owner of shoe-retailer Solestruck, says "As with
everything, the Pearl District got caught up in the bubble. There was
a little too much of everything. Too many restaurants, too many
condos.”"
Gas prices up 14 cents nationwide over 3 weeks!
"CAMARILLO, Calif. - The average price of regular gasoline in the
United States is up 14 cents over a three-week period to $2.74."
Romer: Employment key to curbing deficit!
"WASHINGTON - A top White House economic adviser says reducing the
country's 10 percent unemployment rate is essential to reining in the
growing budget deficit."
China overtakes Germany as biggest exporter!
"BEIJING - Already the biggest auto market and steel maker, China
edged past Germany in 2009 to become the top exporter, yet another
sign of its rapid rise and the spread of economic power from West to
East."
Calif. regulators order small credit union closed!
Credit union ordered liquidated -- among first financial institutions
to fail in 2010!
"SAN FRANCISCO (AP) -- California banking regulators have ordered the
liquidation of a small Central Valley credit union -- the first U.S.
credit union to fail in 2010. The California Department of Financial
Institutions says that it ordered the closure of the Kern Central
Credit Union in Bakersfield -- a three-branch institution that had
$34.9 million in assets and 8,400 members -- because the credit union
had inadequate funds. The National Credit Union Administration was
appointed as the credit union's liquidating agent, and has arranged
the transfer of Kern Central's accounts to the Self Help Federal
Credit Union, the California regulators said in a statement Friday.
Also Friday, the Federal Deposit Insurance Corp. said regulators had
shut Horizon Bank, in Bellingham, Wash., the first U.S. bank to fail
in 2010. Seattle-based Washington Federal Savings and Loan Association
will assume the deposits of Horizon bank, which had assets of $1.3
billion and $1.1 billion in deposits as of Sept. 30. The FDIC closed
140 banks last year."
Inter-City Sales, Inc - Chapter 7 on Dec 31!
Closing:
Rexam Closing Nashua Plant Late 2010
Detroit Daily Press Wont Resume Publication as Planned
2 Quiznos Subs Store and Howard Johnson in Fort Smith
The Millennium Call Center in Wellston OH
Lido's Caffe, 122 N. Marion St, IL
Smart Studios
Baden-Baden Boutique on Fort Street.( International )
The Communications Center at the Wellsville Village
Layoffs:
Jefferson County Town of Altheime - Layoffs Most Employees
Update: University of Louisiana - 42
Double-A
Double-A
"Lake Oswego plans to deposit $1 million in local banks as part of
several initiatives in coming months to spur economic development.
The funds will be transferred from accounts with Wells Fargo, which is
headquartered in California, to four area banks, with preference given
to those based locally.'
(And where were their heads at dealing with a "California" bank to
begin with?)
Minn.-based Home Valu Interiors to close!
"FRIDLEY, Minn. - A chain of home-improvement stores founded by former
Minnesota Sen. Rudy Boschwitz is closing its doors after 46 years, a
victim of the poor economy."
Wal-Mart to close 10 Sam's Clubs stores in US!
"BENTONVILLE, Ark. - Wal-Mart said Monday it will close 10 money-
losing Sam's Club stores and cut 1,500 jobs to reduce costs."
(It's a depression even at Wal-Mart!)
SEC expands charges against Bank of America!
"WASHINGTON - Federal regulators have expanded their charges against
Bank of America Corp. over billions in bonuses paid at Merrill Lynch,
accusing the bank of failing to disclose mounting losses at Merrill
before a shareholder vote approving the combination of the two firms."
AP source: Obama weighing new levy on banks!
"WASHINGTON - President Barack Obama is weighing a levy on Washington-
rescued banks to help recover shortfalls in a $700 billion bailout
fund and to help balance a budget that is looking increasingly grim
amid an ongoing economic crisis."
Miami-Dade County selling foreclosures online!
"MIAMI - Miami-Dade County started auctioning foreclosures online
Monday, allowing potential buyers to place bids from anywhere in the
world with the click of a computer mouse."
St. Louis business bankruptcies up 19% in ’09 [St. Louis]
Corbin Park builder files bankruptcy: Foreclosure efforts bare money
woes [Kansas City]
Liquidating Firms Claim Billions in US Stimulus
Bankruptcies:
Kiddie Kandids - Chapter 7
Haemacure Corporation
Connolly Properties Inc - Chapter 11
Closing:
Pearl Arts and Crafts Closing Several Stores
Total of 10 Sam's Clubs Closing - 1,500 Jobs Lost
Charles River Laboratories International Inc in Shrewsbury MA - 300
Layoffs
Home Valu Interiors in Minnesota
Maggiano’s Little Italy in MN
The Sam’s Club in Louisville
Curiosity Shoppe in Pa
Festivities Stores in Salem and Mt. Vernon
Avon Products Glenview Facility - 225 Jobs Gone
Techma USA to close Gretna Plant in March
The Naturalizer store at Brookfield Square Wisconsin
Sam's Club LA Quinta Location
Sam's Club to Close Clay Location
Sam's Club in Natomas Ca Closing Jan 22
A fulfillment center for Dell Computers at Patrick is closing
(Even Dell is in trouble?)
The Nocturnal House at the Seattle's Woodland Park Zoo
The Omaha Fire Union told that Engine 2, Medic Units 2 and 44 were all
taken out of service on Sunday
Layoffs:
Japan Airlines - 15,600
(Choke!)
Molecular Insight Pharmaceuticals Inc - 9
The Sacramento Bee - 25
Wasaya Airways ( International ) - 20 to 25
Edwards and Associates in Piney Flats, Tenn - 50
The News & Observer - 21
Palms and CasaBlanca Golf Courses. - 9
Update: AOL - up to 1,200 to Reach Target
(Remember when AOL took over Time Warner? Happier days!)
Update: Georgia Schools - Job Cuts, Furloughs, Bigger Class Size all
Could be Coming
Update: Cleveland Safety Force - Expect 100 Layoffs Today
(Who needs safety anyway?)
Railway Company CFR Marfa ( International ) - 6,380 in March
(Wow!)
Washington Metro - 60 and 90 Vacant Positions
Ensequence - More Job Cuts
The Riverside school board - Votes Today on 124 Layoffs
JAL - Plan for Many Job Cuts
SF Municipal Transportation Agency - 100
(Maybe the tourists can operate the cable cars themselves!)
Casino: NW Indiana Bridge Closure Leads to Layoffs
Somerset School Department - No Layoffs, 14 Positions Unfilled
Double-A
Double-A
rail service)
"Service cuts and the dismal economy have caused the most dramatic
drop in ridership in TriMet's 40-year history. Just since July,
weekly trips on bus and rail lines have plummeted by about 300,000, or
15 percent, from nearly 2 million to 1.7 million, according to
TriMet statistics. An analysis by The Oregonian finds that the
current recession has eaten away at ridership more quickly and
severely than any economic downturn in the past four decades.
(And this surprises you why? People with no jobs have no reason to
ride the bus or train everyday.)
United Airlines matches baggage fee increases!
"The air carrier, following Delta and Continental, will now charge $25
to check the first bag and $35 for the second."
(And with carry on bags you have to get past all those dogs sniffing
out your stash!)
Bank CEOs apologize for risky behavior!
"The executives concede they underestimated the severity of the 2008
financial crisis but defend bonus and pay practices before the
Financial Crisis Inquiry Commission."
(Rewarding failure is what I don't understand!)
Yahoo backs Google on China hackers!
"The move follows Google's decision to stop censoring search results,
defying the government there, and possibly pull out of the country
altogether."
(Why not censure there? They censure here! If you don't believe me,
just try to Google find a foreign site where you can procure something
that's illegal here. It isn't just child porn, even many Canadian
online pharmacies were taken of Google under pressure from the US
government.)
GM ending Hummer production!
"Production will halt Jan. 19 because there's "sufficient inventory"
to sustain dealers while the sale to a Chinese company goes through
the regulatory process. Hummer spokesman Nick Richards said today it
was unclear whether jobs would be affected at the Shreveport plant,
which also builds Chevrolet pickup trucks. The plant is the only one
making Hummers."
(Ever get a hummer?)
JAL shares plunge amid feared bankruptcy!
"Shares in troubled Japan Airlines Corp. plunged to just 7 yen
Wednesday while the money-losing airline was expected to file for
bankruptcy protection as early as next week."
November trade deficit rises to $36.4B!
"The U.S. trade deficit jumped to the highest level in 10 months as an
improving U.S. economy pushed up demand for imports."
China jewelry makers say toxic metal cuts costs!
"For China's low-cost jewelry makers, it was an open trade secret: The
metal cadmium is shiny, strong and malleable at low temperatures. And
it's cheap."
(Life is cheap, but a buck is still a buck!
Retailer Claire's pulls cadmium-tainted jewelry!
"Chinese regulators say they will investigate dangerous levels of the
toxin in children's jewelry being exported to the United States.
Meanwhile, a U.S. senator calls for hearings."
(Oh, in children's jewelrey no less! A country that so prides itself
in the protection of its children allows the Chinese to sell poison
jewelry to them! Yes, Senator, call a hearing!
Fed paid Treasury a record $46.1B in '09!
"The payment marks an increase of $14.4 billion from what the Treasury
was provided in 2008 and is the largest since the Fed began operating
in 1914, the central bank says."
Stocks fall after Alcoa results disappoint!
"fter the market closed Monday, Alcoa said it earned a penny a share
excluding one-time items and special charges. Analysts polled by
Thomson Reuters, on average, forecast earnings of 6 cents per share.
The company said higher metal prices were offset by ongoing weakness
in aerospace, construction and gas turbines businesses. Revenue also
fell at Alcoa. Investors will be tracking revenue as companies report
earnings over the next few weeks for any signs that customers are
returning to the marketplace. Upbeat earnings in recent quarters have
often been due to cost cutting and not revenue growth."
Stimulus dollars for road jobs have no effect on local unemployment
rates!
"An Associated Press analysis of stimulus spending found that it
didn't matter if a lot of money was spent on highways or none at all:
Local unemployment rates rose and fell regardless. And the stimulus
spending only barely helped the beleaguered construction industry, the
analysis showed."
Morris Publishing announces bankruptcy plan!
"SAVANNAH, Ga. - Morris Publishing Group, owner of 13 daily newspapers
including The Augusta Chronicle, Savannah Morning News and Florida
Times-Union of Jacksonville, said Wednesday it plans to file for
Chapter 11 bankruptcy protection within a week."
(There go more newspapers!)
Standard & Poor's lowers ratings on Calif. debt!
"SACRAMENTO, Calif. - A major credit-rating agency has lowered
California's debt rating, putting pressure on Gov. Arnold
Schwarzenegger and lawmakers to start tackling the state's deficit."
Feds say Mattress World recalls 750 mattress sets!
"WASHINGTON - Mattress World recalled 750 mattress sets Wednesday,
saying the bedding posed a fire hazard."
(I was just smoking in bed, and the next thing I know, POOF!)
December budget deficit sets record!
"WASHINGTON - The federal budget deficit hit an all-time high for the
month of December, and the red ink for the first three months of the
current budget year is rising at a more rapid pace than last year's
record clip."
(Just keep those printing presses rolling!)
Tenn. revenue collections fall for 5th month!
"NASHVILLE, Tenn. - State tax collections fell below budgeted
estimates for the fifth consecutive month of the fiscal year and
continued a trend of negative tax revenue growth."
Top Pratt executive begins testimony about cuts!
"BRIDGEPORT, Conn. - Pratt & Whitney's top executive has begun
testifying during hearings over the jet engine manufacturer's plans to
move 1,000 jobs out of Connecticut."
Deere shareholders try to limit executive pay!
"LINCOLN, Neb. - Shareholders of Deere & Co. will get to vote on two
proposals recommending limits on executive pay at the heavy equipment
maker."
T-U's parent announces bankruptcy plan [Jacksonville]
Hawaii December credit card debt up 7% [Honolulu]
Lower Bucks Hospital seeks Chap. 11 [Philadelphia]
Bankrupt small business lender Advanta to liquidate assets
[Philadelphia]
Raleigh appraisal company ALA Inc. files for Chapter 7 liquidation
[Raleigh/Durham]
Grass Valley couple extradited for tax evasion [Sacramento]
Haemacure bankruptcy shows Aldina, Bioventures as creditors [Tampa
Bay]
More Bankruptcies:
Black Crow Media Group
ALA Inc - Chapter 7
Bentley Energy Corporation
Closing:
Capozio's Restaurant in South Michigan
Morton's the Steakhouse in Annapolis
Disney Store at Yorktown Center
Ligne Roset in North Minneapolis
StarTek Closing Thunder Bay Facility in Victoriaville Mall
HM Revenue & Customs ( International ) 130 Tax Offices
Art & Clay in Lancaster
2 Brookshire Grocery Stores in Jackson Mississippi Area
The Uno Chicago Grill restaurant in Spotsylvania Va
The Clear Haven Centre ( International )
Foodservice Division of Hoffmaster Group Inc Suspends Production at
its West Haven Facility
Switzerland's Lonza Group Closing 3 Sites - 175 Jobs Lost
Renault ( International ) to Shut Down Production of its Clio Model in
Spain and Slovenia
Update Kiddie Kandids Closes 184 Studios
Update: The two area Kalamazoo Kmart Stores Will Close Feb 14
Apple River Middle Illinois Possible Closing
Tabu Ultra Lounge and Nightclub in Saugus MA Closing?
Market Place Gifts and The Walking Co. Both Closing in Boise Mall
Maestro's Cafe in Statesville NC?
The Book Mark in Mount Pleasant
Tacoma’s Bronze Works in WA
Rainbow Children's Center in Coshocton
2 Loveland Colorado Restaurants
Chester Middle School in VA
Raytheon to Close Derry Plant ( International )
Dry Bridge Station Train Store in Mount Airy
John-Richard Furniture in Tennessee
Thiele Manufacturing in Somerset County Closed for Good?
Eastcoast Music Mall in Danbury CT
Monkeytown in Williamsburg
Sollenberger's Engraving & Awards in Chambersburg
Bodhi Tree Bookstore in La
Home Town Furniture in Barstow Ca
Gertrude Hawk Chocolates Retail Store
The Disney Store in the Boise Towne Square Mall
Verizon Closing Lexington Call Center - 250 Jobs Lost
John's TV and Appliance store Near Milton
Update: Bway Corp Closing Plant in Toccoa Ga
Thirty-One Gifts Closing Chattanooga Office
West Virginia Rib Station Restaurant
Deaconess Hospital is Closing the Doors of its Emergency Room - 80
Jobs Lost
Rebellion Developments Closing Their Derby Studio
Stovetrotters Restaurant in Asheville NC
The Disney Store at Valley View Mall
Spex Appeal Eye Wear Shop in Aptos Ca Closes
Dominos Pizza in Bowlers Plaza
Norwalk Hallmark
Canada Bread Co. Ltd. plans to close three Toronto bakeries
Bob’s Cycle Shop in Rome Closing Today?
Charley's Eating and Drinking Saloon at the Crystal Mall
Bedrooms Direct in Redding
Main House Intensive Treatment Unit in Northfield ( International )
AAA East Tennessee to Close Kingsport Office
CF Penn's Hamburgers in Decatur AL May Close
Villager Foods in Oak Park
Superfresh in Newberry Township Pa
International Game Technology Closing Corvallis Oregon
AOL Inc Closing some European Offices
Layoffs:
Fort Worth Star Telegram - 28
Federal Reserve of Atlanta - 55
Applied Micro Circuits Corp. - 11% of Staff
The Code Monkeys - Undergoing Staff Reductions
Pelco - 100
Kira Inc Contractor at Fort Carson - 61
Oklahoma State Mental Facilities - 45 Notices
Natus Medical Inc - 50
The Saugerties School District - 8
The Abilene Russell Stover - Temporary Layoffs
City of Anaheim Ca - 11
Update: City of Reno - 12 Nonunion
Jersey Shore - 2
City of Winooski VT - 3
Charlotte-Mecklenburg Schools - More Job Cuts Possible
Village of Freeport - Proposes 4
Indiana State University - Up to 100 Positions
Update: Mayor Tim Davlin Springfield IL Plan - 15 Layoffs Now and
Total of 55
Illinois Lost More Than 50,000 Manufacturing Jobs
Northern Berkshire Healthcare - 19
City of Williamsport - 2 in the Coming Weeks
Dearborn Public Schools - 30
Town of Normal IL - 5
Hawker Beechcraft Wichita Kansas - 70
Village of Lincolnshire - 4
The State SC Newspaper - 12
Suncor Energy ( International ) -1,000 Layoffs This Year
Pawnee Mental Health Services in Manhattan - 18 and not Filling 16
Others
The Louisiana Immersive Technologies Enterprise - 5
City of Surprise Arizona - 17
Warner Bros. Interactive Entertainment - Job Cuts at 3 Seattle Studios
Today
SchulteRoth & Zebel LLP - Layoffs Announced Last Year to Happen
Friday?
City of Wheaton Illinois - 17
Electric Boats - Job Cuts Expected this Year
Lake Nona Management Company - Some Employees Let Go on Monday
Update: Yale Universities Security - 2 or 3
The Medicines Co. - 31
Village of Franklin Park - 14 Proposed Layoffs
Spotsylvania Schools Va - Job Cuts Likely
Update: Pfizer / Merck - 1,700 Layoffs Following Mergers
Update: Forest Company UPM ( International ) - 830
Newark NJ - Layoffs , Furloughs Almost Certain
Community Medical Center in Missoula - 50
Community Unit District 300 Chicago Schools - 40 Job Cuts Possible
Chicago Area - 950 Layoffs Coming in the Next few Months
Augusta Ga Park Recreation Department - Couple Parks Closed , and Job
Cuts
And the big question is: After a year of Obama, are we better off
now, or worse off than before?
Double-A
Gro...@jeffrelf.f-m.fm
You ( Double·A ) asked:
“ And the big question is: After a year of Obama,
are we better off now, or worse off than before? ”.
You can't change the past.
You'll go insane pondering the past, don't do it.
Think only of the future ( as you fade into the sunset ).
Double-A
You mean, three more years of Obama? Ralph Nader would have been a
better choice if we wanted a real socialized style health care plan!
Double-A
Gro...@jeffrelf.f-m.fm
With Obama·Care, you get (cost·free) Medic·Aid with your food·stamps.
Today, you don't qualify for Medic·Aid. ( because you're childless )
Medicaid pay so little, only special clinics ( charities, non·profits )
accept it. ( Medic·Aid pays only PART the clinic's costs ! )
Double-A
Medicare doesn't pay very well either. That's why doctors like you to
carry some other insurance besides, so they can collect twice as
much. Before medicare and the prevalence of private insurance,
doctors billed much lower. So what have we gained?
Double-A
Double-A
"FRONT PORCH BLOG: Reports of sports bar's departure follows a string
of recent closures downtown." (Portland)
RealtyTrac: U.S. foreclosure filings up 21 percent in 2009; 89% in
Oregon!
"FRONT PORCH BLOG: Oregon ranks No. 11 in 2009 with one foreclosure
filing for every 47 housing units."
Portland home prices fall to $242,200 median!
"The Portland-area housing market closed out 2009 with a December
fizzle, an apt end for a down pour of a year in real estate."
RMLS: Portland-area home prices fall another 3% in 2009!
"FRONT PORCH BLOG: The Regional Multiple Listing Service report shows
the median home priced clocked in at $242,200 in December, down from
$250,000 in January."
Federal regulators warn parents to take cheap jewelry away from kids
over safety concerns!
"The Consumer Product Safety Commission advises parents and caretakers
to remove such trinkets over concerns they could be tainted with heavy
metals like cadmium. Writing in a blog posted today evening, the
chairman of the Consumer Product Safety Commission noted that children
who chew, suck on or swallow a bracelet charm or necklace may be
endangering their health."
(And you really thought you could entrust your kids' health to the
Chinese and Wal-Mart?)
Price Busters declares bankruptcy [Honolulu]
Protective Products files Chapter 11 [South Florida]
Ex-NFL QB Kosar faces foreclosure on Weston home [South Florida]
(Bernie Joseph Kosar of the Miami Dolphins? Say it ain't so, Joe!)
Vision Care Holdings files Chapter 11 [South Florida]
Court gives Smurfit-Stone more time for reorganization [St. Louis]
December another strong month for Tampa Bay area foreclosures [Tampa
Bay]
$50 Million in California IOUs Remain Unclaimed
Arizona State Sells 20 Properties for $735 Million
632,573 California Properties Received a Foreclosure Filing in 2009
Manhattan Apartment Rents Dropped 9%
Bankruptcies:
Vision Care Holdings - Chapter 11
Bernie's Electronic/Appliance Chain - Chapter 11
Price Busters - Chapter 11
Protective Products of America - Chapter 11
The Las Vegas Monorail - Chapter 11 Bankruptcy
Morris Publishing to File Bankruptcy
Lower Bucks Hospital - Chapter 11
Closing:
Max & Erma Restaurant Inc Columbus Ohio
Knights Clothing in NE
Tabor Store in Wallace
Last 2 Papa Johns Restaurants in Northern Penn.
The Tennessee Governor's Academy in Knoxville
4 Chaska Minnesota Businesses Closed
Mont Vernon General Store
Update: SOHO Small Office, Home Office Store in Rome Georgia
Talbots in Fashion Square Mall Michigan
Lambert Airport Looking to Close 1 Fire Station by June
St. Joseph Roman Catholic School in Vermont
Rockingham Community College Closing Child Development Center
The YWCA of Greater Des Moines
15 Food Lion Stores
Muse-E-Yum
3 Reno Firestations in Jeopardy of Closing
Shell Beach’s Old Vienna Restaurant
Ultimo, the Chicago Boutique
Canyon School in Hungry Horse Possible Closing
Eddie Bauer Call Centre in Saint John ( International ) - 175 Jobs
Lost
Food Mart in Hanna Wyoming
The Mad Hatter Children's Clothing Shop in Bangor Maine
American Eagle Outfitters and Gap in Swansea Mall
Fit For Her Gym in Sherman
Snyders Drug Stores in Minnesota - 150 Jobs Cut
Layoffs:
Update: Affiliated Computer Services Minnesota - 220
Walt Disney Studios - Layoffs Underway?
Pepsi Plant in Conway - 35
Update: Louisiana State University - Hundreds of Teachers at Risk of
Losing Their Jobs
Meredith Corporation - 45
Fort Gibson Schools Muskogee Okla. - Layoffs Likely Next Year
The Berry Co - 105
New Millennium Building Systems - 46
Pactiv Chippewa Falls Facility - 29
Test equipment vendor Ixia - 80
Hospira - 1,400 to 1,500
Spire - 21
Department of Alcohol, Drug and Mental Health Woodland Ca - 14
The state Department of Printing WA - 20
Romania's Finance Minister Says - 100,000 Public Jobs to Go
Gunite Corporation Elkhart Facility - 282
Tippecanoe School Corporation Indiana - Program Cuts = Staff Job Cuts
City of Tempe? AZ - 215 Jobs Possibly to be cut
Cemex Inc in Wampum in Lawrence County - 124 Temporary . Layoffs
The River Road Independent School District Amarillo Texas - 5
St. Gregory's University in Shawnee Okla. - Job Cuts by End of Week
Cumberland County NJ - Plans 25 Job Cuts, and Eliminate 25 Vacant
Positions
Highland Local Schools - 23
Hannaford - Layoffs Likely Coming in Finance / Accounting Department
Advertising com - < 50
Eaton's Hydraulics Group - 16 in Eden Prairie Campus, And Dozens More
Across The County
Montana Rail Link - 46
Columbia River Fire & Rescue - 6
(Oh no! I'd better stay away from that river.)
Hamilton Township - 4
Baker County Jail - 16 Layoffs Coming
Well Fargo - 26
(The end of the stage line for Wells Fargo?)
Double-A
Double-A
Wall Street: Stocks fall early today on JPMorgan results, sentiment
survey!
"NEW YORK -- Rising loan losses at JPMorgan Chase & Co.'s consumer
bank and a disappointing reading on consumer sentiment sent investors
rushing from stocks today. JPMorgan, regarded as one of the strongest
U.S. banks, warned investors that it was too soon to say that losses
on mortgages and other loans have peaked. The weakness in JPMorgan's
consumer business hurt other financial stocks."
From today's Wall Street Journal:
Banks Set for Record Pay!
"Top 38 Firms on Pace to Award $145 Billion for '09, Up 18% Study
Shows"
(Those are salaries and bonuses to big bank executives!)
Portland's fast-tracked stimulus projects aren't so fast!
"FRONT PORCH BLOG: Portland Mayor Sam Adams announced $503 million
worth of projects a year ago that he said the city could fast track in
2009. But the city awarded contracts worth less than half that goal
and many of those would have happened anyway."
AmberGlen sale scrapes bottom!
"A savvy investor picks up the Sunset Corridor office park for less
than half what the eight buildings sold for in '07"
Retail sales down in December, economists puzzled
"Early reports from stores on the holiday shopping season looked
good."
(But NO!)
Family Finance: Job loss impacts child support!
"Even parents who have gone their separate ways often share the pain
of the recession."
Canadian pleads guilty to financial fraud!
"MONTREAL - A Canadian former financial adviser pleaded guilty Friday
to fraud charges after duping 158 investors out of about 50 million
Canadian dollars ($48 million)."
Ga. Dept. of Labor reports unemployment claim rise!
"ATLANTA - The Georgia Department of Labor reported Friday that more
than 100,000 laid-off workers filed initial claims for unemployment
insurance benefits in December, an increase of nearly 40 percent over
the previous month."
Capital One Charge Offs Tops 10%!
Daphne's Greek Café, bankrupt!
Closing:
Ken Crane's California Closing 4 Stores
Elm Place Tower in Dallas
Update: Food Lion in Winchester
Spontex’s Columbia plant?
Vertis Communications in West Manchester Township Pa
Dream Xtreme in Elk Grove
St. Jude Polymer Corp., Frackville - 41 Jobs Lost
The Econo Lodge Inn & Suites in South Jacksonville
Michelin Closing Japan Tire Plant
Update: Eclipse Jewelry Designs Co in Cali.
Sam & Stan's Army-Navy store and House of Rand in Ohio?
Starbucks Corporation Seattle Call Center by September
Jefferson County to Close only 1 School not Four - Russell Elementary
School
Update: Webster Correctional Institution in Cheshire Conn.
The Sears store in F airfield Closing Sunday
Louisiana Conservationist Magazine and Ferriday District 4 Office
Smart Monkey Cafe in Ithaca
Borders Books Movies & Cafe store in Fairlawn Ohio
The Bosch plans Plant Closure International - 900 Jobs Cut
Drinx in Scottsdale
Layoffs:
Missouri Gov. Jay Nixon Plans - 31 State Gov. Boards and Eliminate 473
Appointed Positions
Truckers Consolidate P.A.M / Allen Freight Services - 17
Anheuser - Busch - Job Cuts Today at Local Breweries
(Oh no! Bert, you are just going to have to drink more to keep those
breweries afloat!)
Baltimore Fire Department - 125 Possible
Palm Plastics Ltd - Temporary Layoffs?
Dartmouth College - Layoffs Today?
Special Metals - 85
The Boeing Corporation - 36
Annapolis Gov. - Budget to be Release Next week to Contain "
Significant Layoffs"
AeroGrow International Inc - Job Cuts Coming
City of Vallejo Ca - 2 Officers Let go Today
Hattiesburg Zoo - 8 Part Timers
Kyoho Manufacturing California in Stockton - Plans All 154 Staffers
Beginning April 1
Oklahoma Indigent Defense System employees in Norman - 8 Today
Great Ape Trust - 10
Delaware Area Career Center Ohio - 14 Layoffs Possible
Marshfield Fire Department MA - Possibly 6
BB&T Bank Alabama - 244 in Past 2 Months
The Boys & Girls Club of the Lower Naugatuck Valley - 5
South Carolina Department of Natural Resources - 50
Seyfarth Shaw - 40
Springfield police officers - 30 Layoff Notices
Southeast Missouri State University - 24
Clariant Corporation - 50 , But Some Employees May Transfer
Sykes Enterprises Inc - 300
More Lawyer Layoffs Coming in 2010
("First fire all the lawyers!")
Double-A
Double-A
"Oregon hospitals, squeezed by investment losses and expansion debts,
saw their operating costs climb 40 percent over the four years ending
in 2008. It costs Oregon hospitals on average about $2,800 per patient
per day to operate."
Feds: Johnson & Johnson paid kickbacks to boost sales!
"Federal prosecutors said Friday that health care giant Johnson &
Johnson paid tens of millions of dollars in kickbacks so nursing homes
would put more patients on its blockbuster schizophrenia medicine and
other drugs."
(That's the American medical system in a nutshell!)
Charges for former execs of failed Neb. bank!
"LINCOLN, Neb. - Four former top executives of the failed Sherman
County Bank are facing misdemeanor charges for lending people too much
money."
Renault to develop just part of new car in France!
(I wonder what people will do with just part of a car?)
Nashville-based Captain D's for sale!
"NASHVILLE, Tenn. - Nashville-based restaurant chain Captain D's
Seafood Kitchen is for sale."
German government warns against MS Explorer use!
"a German government warning against using Internet Explorer until a
patch can be developed to fix a security flaw,"
Kaysville, Utah-based Barnes Banking Company fails!
"SALT LAKE CITY - Regulators have shut down a Utah bank-the first bank
failure in the state since May 2009."
Denver Post owner plans prepackaged Ch. 11 filing!
"DENVER - The holding company for MediaNews Group Inc. newspapers,
including The Denver Post and San Jose Mercury News, says it plans to
file for Chapter 11 bankruptcy protection."
Markets not Facing the Reality of Slow Economy: El-Erian
UPW Hawaii Workers to get Pay Cuts , Furloughs
Starbucks Prices Get Frothier
Mortgage Relief Program Fails to Deliver
Affiliated Media Inc - Plans Chapter 11
Closing:
St. Joseph School in Dyer
Update: 13 Arizona State Parks by June
2 Pizza Uno's in New Hampshire Closed
The Mahoning Women’s Center in Ohio
Clothing boutique Native Sun in NewburyPort Mass.
Pepperwood Grill and Alehouse
Carol's Cakes and Moore in Clarksville
Uno's Chicago Grill From Kingston Independence Mall
Douglas Battery Manufacturing in NC Stop Making Industrial Batteries
by March 31 - 90 Jobs Lost
Syms Store in Commack
Layoffs:
Provincetown School Budget Likely to Include Layoffs
City of Lorain Ohio - 18
Eaton Corporation Sumter Plant - 42
Southern Connecticut Gas and Conn. Natural Gas - 67
Des Moines Iowa Public School District - Worst Case Possible 450 Job
Cuts
Update: City of Reno NV - 30 Layoff Notices Today
Bank of America Bellevue - 50
Fetzer Vineyards - 12
(Is this still then Bush-Cheney recession?)
Double-A
Double-A
"EUGENE -- LibertyBank in Eugene (OR) has agreed to a consent order
that gives state and federal regulators significant oversight of its
operations. Now the bank must get an infusion of up to $30 million
within six months after it had to charge off more than $60 million of
bad debt last year."
Bankruptcy court filings jump in Nevada!
"LAS VEGAS - Nevada businesses and individuals struggling with
foreclosures and unemployment have led to a jump in bankruptcy
filings. And figures for the first two weeks of the new year are
showing no signs of a letup."
Saudi billionaire Prince Alwaleed eyes expanding alliance with
Murdoch's News Corp.!
"CAIRO - A Saudi billionaire whose investment firm is one of the
biggest stakeholders in Citigroup and News Corp. says he is looking to
expand alliances with the media giant."
(Hmmm! A Muslim Jewish alliance?)
Closing:
John Leidy Shop in Ann Arbor
Tyndall Galleries in Chapel Hill NC
Organics boutique in Bethlehem
The Salvation Army may close its Thrift Store in Collinsville
Taylor Galleries in Summer Hill ( International )
Uno's Chicago Grill in Fairhaven MA
Update: Snyders Drug Stores Closing 8 Stores
Layoffs:
Cadence Design Systems - 120
City of Gloversville NY - 3 Layoff Notice, to be let go in 30 days
City of Juneau Alaska - 8 to 10 this Week
The Town of Rockingham VT - 3
City of Allen Park - 9
Florida State Employees Face Possible Job Cuts Again
Commercial Appeal - Layoffs Coming?
(Isn't it a bitch when you're in working on Sunday to gain brownie
points and your boss lays you off?)
Double-A
Double-A
"A Californian meat producer announced the recall today of nearly
900,000 pounds of beef products that could be contaminated with a
potentially fatal strain of E. coli. Huntington Meat Packing Inc., in
Montebello, Calif., said the meat, including ground beef, patties and
burrito filling mix, were sold to distribution centers, stores and
restaurants in California. The recall was prompted by tests conducted
by the U.S. Department of Agriculture, which turned up positive for E.
coli O157:H7. The bacteria, which lives in the intestines of cattle,
for example, produces a Shiga toxin which can cause bloody diarrhea,
kidney damage and even death. The company said the potentially
infected products were produced between Jan. 5 and Jan. 15. It said no
illnesses had been reported in connection with the recall."
(So will this be the end of the line for Huntington Meat Packing? It
sometimes has been for other meat packers! More layoffs?)
Portland: Green, walkable and ... jobless!
"FRONT PORCH BLOG: As one author put it: "Portland is to today's
generation what San Francisco was to mine: a hip, not too expensive
place for young slackers to go.""
(Nice to know, I guess.)
American Airlines raises checked bag fees!
"FORT WORTH, Texas - American Airlines is raising its fees on checked
bags for passengers buying tickets starting Feb. 1."
(And they won't let you carry on board your mouthwash or deodorant
spray anymore. Of course, an actual bomb would probably go
undetected!)
Taco Bell founder dead!
(Terminal heartburn?)
Orders gain for UK homebuilder Taylor Wimpey!
(Yes, apparently the orders gain was really wimpy!)
Clark County (WA): Home sales slowing, median price 8.9%!
"Clark County: Home sales slowing, median price falls 8.9%: Clark
County is seeing the same trends as the Portland side of the market in
the December RMLS Market Action report."
WSJ: Movie Gallery Inc. weighs second bankruptcy [Portland]
MediaNews parent plans Chapter 11 [San Francisco]
Reliance Aviation – Fort Lauderdale files Chapter 11 [South Florida]
Smurfit-Stone to cut 600 workers in 2010 [St. Louis]
Fight ensues over irreplaceable Princess Diana gowns: Businesswoman
once described as an ‘American millionairess’ seeks bankruptcy [Tampa
Bay]
HB Equities defaults on $100M note [Phoenix]
‘Prepackaged’ deal helps Express Energy Services expedite court
process [Houston]
Top apartment owner Miles files Chapter 11 [Atlanta]
Number of Louisville-area corporations seeking Chapter 11 protection
doubles in one year [Louisville]
Japan Airlines Bankruptcy Expected Tuesday!
Closing:
The Wells Cargo trailer plant in Carbondale - 50 Workers Offered Jobs
at Another Plant
Bogan Supply and The Emerald Turtle in Pensacola
Bodarc school building northeast of Harrison Nebraska - Possibly
Closing
HOWS Markets in North Hollywood
Michael's Furniture in Boise
Copeland Variety Store in Burlington NC
JJ's Hobby Shop in Roseburg Valley Mall Oregon
Layoffs:
NutraCea Inc - 17% of Workforce
Holophane - Jobs Cuts But No Exact Number
City Water, Light and Power in Springfield IL - Layoffs Possible
Blick Newspaper ( Switzerland ) - 29
Cadence Design Systems - 120
Double-A
Saul Levy
Saul Levy
Double-A
> Wasn't Huntington cited before for the same reason?
>
> Saul Levy
I don't know, but it sounds like they have been shipping out
contaminated products for a couple years now.
"During a subsequent review of the establishment’s records, FSIS also
determined additional products produced and shipped in 2008 to be
adulterated because they may have been contaminated with E coli
O157:H7. As a result, these products (the same ones described in the
aforementioned 2010 recall list) from Feb 19, 2008, to May 15, 2008,
are subject to recall."
Double-A
> >sometimes has been for other meat packers! More layoffs?)- Hide quoted text -
>
> - Show quoted text -
Double-A
"The carrier, staggering under $25.6 billion in debt, will shed nearly
16,000 jobs and shift to more fuel efficient planes as part of its
restructuring."
GAO says 13% of Portland’s nonprime borrowers underwater, among lowest
U.S. rates!
"About 13 percent of the 42,000 nonprime borrowers in the Portland
market owed more on their home than it was worth in June 2009,
according to a report from the General Accounting Office. That was one
of the lowest rates among the cities mentioned in the report. Among
other findings, the report says serious delinquencies are more common
for subprime loans and ARMs, but the Alt-A and fixed-rate loans are
seeing saw the fastest growth in serious delinquencies in the second
quarter of 2009. The report isn’t enthralling reading. But if you want
to understand how subprime and alt-a loans are performing and what the
future holds, you should read this report. As has been reported,
negative equity is one of the biggest drivers of defaults, even more
so than unemployment."
Another foreclosure auction hits Portland!
"REDC, the same company that did Roger Pollock’s 2007 auction, will
try to unload about 50 bank-owned homes at a public auction on Monday,
Feb. 8, at the Sheraton hotel near the Portland Airport. You can find
all the property listings here. The units up for auction include one
in the Lexis condo project in the Pearl and homes across Oregon and
Southwest Washington. As always with auctions, it’s buyer beware. Be
sure to read the terms and conditions carefully."
76% of trial loan modifications still in limbo!
"Paul Kiel at ProPublica has been doggedly following the banks loan
modification work. Today, he reports that in spite of Treasury Dept.
efforts to speed up the process, 76 percent of trial modifications
started three or more months ago are still in limbo. The big names are
among the worst performers. Bank of America, JPMorgan Chase,
CitiMortgage and Wells Fargo together account for more than 60 percent
of the 3.4 million mortgages eligible for the program. All four have
converted a small percentage of the trials begun three or more months
ago into permanent modifications. The highest is Wells Fargo, with
only 13 percent. The worst among them is by far the largest: Bank of
America."
Hollywood Video faces fresh restructuring!
"Hollywood Video: Movie Gallery, parent of Hollywood Video, may be
about to launch a major restructuring that could include another mass
store closure."
Employment: A survey of employers find they want workers with writing,
speaking, critical thinking and reasoning skills.
(Wow! They want workers who can speak, write, and think. Pretty high
standards there!)
Morris Publishing files Chapter 11 [Atlanta]
Times-Union parent files for bankruptcy [Jacksonville]
NY financiers to reap $64 billion in bonuses in 2010!
"NEW YORK (Reuters) - New York's financial sector will pay an
estimated $64.2 billion in bonuses this year, up from about $57
billion in 2009, though still around $19 billion less than the amount
paid out in 2008, the state budget division forecast on Tuesday. New
York's economy is led by financial and insurance companies and Wall
Street usually accounts for about a fifth of its tax collections. But
banks and brokerages are trying to quell public outrage over bonuses,
partly by paying their workers with stock. That can delay the tax bill
by as much as five years, Budget Director Robert Megna told the
legislature. In 2011, bonuses are expected to edge down to $61.9
billion before rising to $71.1 billion in 2012 and $75.7 billion in
2013, the state budget plan predicted."
Intercoastal Inc - Chapter 7
Associated Construction Enterprises - Springboro - bankrupt
Closing:
The Big Boy Restaurant in Stow
Gov Paterson NY - Proposes to close 3 North County Jails
Haldex Plant in Statesville NC - Some Layoffs / Some Transfer to
Different Facility
WineStyles Franchise Wine Store in Eugene
Evanston Chicago Library Looking to Close 2 Branches
Ray's Candy Store in NY possibly Closing
Finish Line Shoe Store in Oak Hollow Mall NC?
Clark Foodservice in Haring Township MI
Bloom Store in Ashburn - 35 to 45 Job Losses Expected
National Home Center Inc to close 3 Stores
Worldcolor ( International ) to Consolidate Facilities - 200 Job
Losses Expected
Layoffs:
Chevron - Layoffs Coming
(Oh no! Is it because I defaulted on my gas card that these people
will lose their jobs?)
Wartsila Corp - 1,400
PSA Peugeot Citroen ( European Carmaker ) - 5,700 French Jobs
Vancouver and Prince George school boards ( International ) - Budget
Crunch could mean Job Cuts
Toronto Star ( International ) - Planning 70 Job Cuts
The Charlotte Observer - 25
Store Kraft Manufacturing - 15 Temp Layoffs?
The Lexington Herald-Leader - 8
Stanley Furniture ( StanleyTown Plant ) - 150
Durrell Wildlife in Jersey - Reports Say 14
(Even the wildlife are being laid off?)
Barclays House in Poole ( International ) - 110
Hastings Public Schools Michigan - 11 Through Retirement / Job Cuts
Update: RBS ( International ) - 200
Shirokiya Stores In Hawaii - Slashes 1/2 its Employees or 71 in March
The City of Ukiah Ca - Considers 12
Duke Energy Corporation - Voluntary Buyouts, Hopefully no Job Cuts
Update: Alstom Transportation in Hornell NY - Layoffs Starting , up to
500 this year?
Double-A
Double-A
"Oregon added 2,900 jobs in December, the biggest such increase since
July 2008. But the increase doesn't begin to make up for the nearly
70,000 jobs lost in the first 11 months of 2009."
Wall Street: Stocks fall as China clamps down on bank lending!
(Down-122.28 (-1.14%))
"Stocks have posted sharp swings since last week as investors try to
determine the overall direction of the market. The Dow fell 101 points
Friday and jumped 116 Tuesday."
(Falling despite the much ballyhooed Republican victory in
Massachusetts.)
House approves tax deduction for Haiti contributions!
"House moves quickly to make donations made in 2010 to help Haiti
deductible on 2009 tax returns."
(Why not make it a tax credit so that those of us with 0 taxable
income can get a tax refund too? What? Is our money no good in
Haiti?)
1.5 million Graco strollers recalled due to fingertip amputations!
"It's the second such recall in the past few months; Maclaren
strollers were recalled in November because of similar injuries."
Seattle sees record high downtown office vacancies!
"The Seattle Times reports: The total vacancy rate hit 21.1 percent
during the fourth quarter, according to statistics released Tuesday by
brokerage Cushman & Wakefield. That's "a record vacancy for downtown
Seattle," senior director Matt Christian said. It hadn't topped 20
percent before in the 22 years the firm has been tracking the market."
(Lots of space available for more Starbucks!)
Chrysler recalls vehicles over brakes!
"Chrysler Group LLC is recalling 24,177 vehicles because of a defect
that could result in brake failure."
Portland Wi-Fi revisited!
"Nineteen months after Portland's ill-fated Wi-Fi network shut down,
officials are finally preparing to dismantle the hundreds of Wi-Fi
antennas still perched atop Portland's traffic signals and
streetlights."
IBM's profit rises 9%, revenue growth resumes!
"IBM Corp. said today that it managed a 9 percent increase in profit
in the last quarter as the technology company's revenue grew for the
first time in a year and a half."
(Big blue still solid as a rock! Stock: 130.25.)
600,000 cribs recalled after baby's death!
"The Consumer Product Safety Commission announced the recall of 20
models of Dorel Asia cribs with both drop sides and fixed front
rails."
Lenders seize Olympic ski resort in Canada!
"VANCOUVER, British Columbia - Lenders have seized the assets of
Intrawest ULC, including the Whistler ski resort that will be home to
the Olympic downhill races next month."
(The Winter Olympics under foreclosure??? Will the games go on?)
Icahn last bidder for Fontainebleau in bankruptcy!
"LAS VEGAS - Billionaire investor Carl Icahn is closer to buying the
unfinished Fontainebleau Las Vegas casino-resort on the Strip after
two other bids failed to satisfy bankruptcy auction rules."
Uno files for Ch. 11 bankruptcy protection [Boston]
Media guru says Hearst Corp. to lose $317M in MediaNews bankruptcy
[San Francisco]
2009 Airline Revenues , Worst Drop Ever
AGCA : Construction Outlook Grim
Payroll Taxes Increase For Many Employers Across US
Bankruptcies:
Atrium Cos Inc - Chapter 11
Brundage-Bone Concrete Pumping Inc - Chapter 11
Uno Restaurant Holding Corp. - Chapter 11
Miles Properties Inc - Filed Earlier this Month
KDJ Advertising - Chapter 11
Closing:
City Lights Records in PA
Update: Abercrombie and Fitch South Pointe Pavilion Store Lincoln NE
The Stanley Car Dealership in George West Texas? - 20 Jobs Gone
Talbot's Inc Cold Spring Harbor Store
CD Alley in Wilmington NC on Jan 31
Bishop Guilfoyle Regional School in Carneys Point Salem
Deluxe restaurant, bar, and concert venue in Maplewood MO
Sherard Elementary School
Coastal Vision 3000 FL Closing, For now?
Update: Wild Birds Unlimited in Ogden NC
Ryan's Grill Buffet & Bakery on Lee Highway Chattanooga
The BP Whiting Refinery Indiana Temporary Shutdown?
Clark's Red River Marina in Northern Louisiana
The Lynchburg-Elliott Child Development Center Closed
Morse Block in Bennington VT Closing?
GM's Opel Plant in the Belgian Port City of Antwerp - 2,300 Jobs Cut
Dailey Fence and Supply
Monique's Boutique in Coca Beach FL
The Village Market in Goshen CT
Turkey Hill Location on Harrisburg Pike
Ampcor Casket Maker in LaPorte
Head start program in York County Maine to close next year
John Morrell & Co. Pork Plant in Sioux City Plans Closing this Spring
- 1,500 Workers At the Plant
4 Under performing Chicago Public Schools
Layoffs:
Vale SA's Inco unit in Canada Sudbury Operation - 1,300 Over 5 Years
Cuyahoga Heights Ohio - 19
City of Battle Creek Michigan - Layoffs and Furloughs Planned
Nashua NH School Districts - Budget Proposal = 100 Layoffs , Sports /
Art Cuts
Nantucket Cottage Hospital - 16
The B.C. Gov. ( International ) - 233 in Forests and Citizens Service
Ministries
Beatrice State Developmental Center NE - Some Job Cuts Coming
Update: Sitel Call Center in Starkville Miss. - 250 in next few months
Black Hawk County Courthouse IA - Layoffs Possible
Update: Nebraska State Gov. - 250 next 18 months
Madera County CA - 20 - 40 Likely in Feb.
City of Fairfield - Plans 9 Officers Layoffs
CityTV Stations ( International ) - 60
The Kansas City Star - About 12
The Department of Administrative Services Nebraska - 7
Broward School District - up to 475 Job Cuts Possible
TWU President in Chicago Warns - American Airlines in O'Hare may Lay
off 75 this Spring
Double-A
Double-A
Facebook has picked Prineville (OR) for its first company-owned data
center, drawn to Central Oregon by the region's affordable power
rates, a favorable atmospheric climate, and the prospect of state and
local tax incentives.
Wall Street: Stocks slide as Obama calls for tougher bank rules!
"Obama said he would seek to limit the size and complexity of large
financial companies so that a bank's collapse wouldn't endanger the
overall financial system. Tightening the rules on risk-taking and
trading at banks could hurt profits at those companies."
Dow down -213.27 (-2.01%)
Big bank shares hammered after Obama proposal!
"NEW YORK - A new proposal from President Barack Obama to limit the
size and trading capabilities of big banks sent shares of major
financial institutions plummeting Thursday."
Hoffman Construction exec sees bleak demand for construction through
of 2012!
Prime mortgage delinquencies up 47 percent from a year ago!
"Here’s more evidence that joblessness is creating pain for more
credit-worthy borrowers. Prime mortgages issued between 2005 and 2008
saw a big rise in loans 60 days late or more. The rate is based on
total the outstanding balance. Delinquencies among 2008 vintage prime
loans nearly tripled since December 2008, says credit-rating agency
DBRS."
Days may be numbered for Players, Lake Oswego sports bar/bowling
alley!
John Musumeci, major Eugene (OR) developer, puts company into Chapter
11!
"FRONT PORCH BLOG:John Musumeci, who had been on a nearly two decade
run of successful projects, faces bankruptcy for his company and
unpaid contractors at his $250 million Crescent Village project in
North Eugene."
Toyota recalls 2.3M US vehicles to fix gas pedals!
"NEW YORK - Toyota is recalling 2.3 million U.S. vehicles to correct
sticking accelerator pedals, the latest in a string of quality
problems that have bedeviled the Japanese automaker."
Tenn. December unemployment rate rises to 10.9!
"NASHVILLE, Tenn. - The Tennessee Department of Labor and Workforce
Development says the state's unemployment rate rose to 10.9 percent in
December. That is up 0.7 percent from the November rate of 10.2. It's
a 3.3 percent increase over last year's December rate of 7.6."
• Ariz. jobless rate rises to 9.1 pct in December!
"PHOENIX - Arizona's unemployment rate is nudging upward again."
Freedom Communications files Chapter 11 plan!
"IRVINE, Calif. - Newspaper and television owner Freedom
Communications says it has reached a compromise with creditors on a
reorganization plan to emerge from Chapter 11 bankruptcy protection."
Air America signs off!
"Air America, the 6-year-old, left-leaning talk radio network that
featured hosts like Al Franken and Rachel Maddow, is pulling the plug,
citing the poor economy. Air America, based in New York, was heard in
the Washington area on AM-1050. It had studio space on Idaho Avenue NW
as part of a marketing deal with Bonneville International Corp., which
owns WTOP."
(How ironic! A left-leaning network cannot survive even after a year
of the Obama paradise!)
Bankruptcies:
Air America to Cease Operation / To File Chapter 7
PanAmerican Paper LLC ??
Arlie & Company
Rubicon US REIT Inc
Closing:
Eades Hardware in Perkins Okla.
Old London Foods in Morris Park Bronx NY - 228 Jobs Lost
J.C. Penney Co - Chesterfield County Call Center - 252 Jobs Affected
Comerica Bank Closing its Carleton Branch
Update: 3 Albertsons Stores in Utah
Galeria La Sirena in Tucson
Furniture Sellers Home Furnishings
Grand River Poultry in Paris - 70 Jobs Lost
The Dillon House in Fremont
Otto's in Houston Texas
Ben Franklin Crafts in York Va?
Choice Hotel Call Center in Minot
Waikiki Self Storage Near Hawaii Convention Center Possibly Closing
Shop 'n Save grocery store in Central City Plaza - 30 Jobs Lost /
Transferred
Somerset Place nursing home Chicago in Danger of Closing
Coldwater Creek Store in Seattle
Safeway Grocery Store in Pleasanton California
Our Lady of Lourdes School Closing this Summer
Mode Salon Closing Roosevelt Location
Layoffs:
GMAC Inc - 22
United Utilities ( International ) - More Job Cuts Coming
Modernfold, Inc in Dyersville Iowa - 30
Update: Tulsa OK - 155 Police Officers, Plan tomorrow for Layoff
Notices
Update: Tulsa OK - 147 Firefighter Prepare for Tomorrows Layoff
Notices
TSYS Credit Card Processor - 225
Oklahoma Career and Technology Education Dept. - 12+
DRS Technologies in Richland Township - 50
Nuclear Fuel Services in Erwin Texas - 150
Comerica Inc - Plans 300
Whirlpool’s Fort Smith plant - maybe 400 on Aug. 31
Energy Giant E.ON ( International ) - up to 800
GM ( Europe ) - 8,300
City of Portsmouth Maine - Job Cuts are Coming?
Austin Schools Texas - Hiring Freeze, 70 Jobs on the Line
Xerox - Plans 2,500
Los Angeles Ca - 1,000 More Job Cuts by July 1?
Littleton Public Schools Denver - Possible 100+ Layoffs
Luzerne County Pa - 13
Town of Harrison NJ - 48
Lloyds Banking Group ( International ) - 585
Tulsa Okla. City Employees Agreed to Job Cuts over Pay Cuts - So....
65
Portland Maine Schools - 100 Notices to Teachers / Staff Next Year
Wilson Sonsini - 20
ITT Communications Systems in Fort Wayne - 62
Overland Park Kansas - up to 50 Layoffs Coming soon
Double-A
Double-A
"SILICON FOREST BLOG: Last year was a tough one for venture capital in
Oregon."
Stocks on Wall Street slide downward for third day!
"The market is extending a decline that saw the Dow Jones industrial
average post its biggest two-day drop since June."
Dow down -216.90 (-2.09%).
North Pacific, Tigard wood distributor, forced into receivership!
"A federal judge has appointed a receiver to oversee Tigard-based
North Pacific Group Inc., one of the nation's largest wholesale
distributors of wood products, after the company defaulted on $42
million in debt."
Auto warehouse company will lay off 55 in Portland!
"Auto Warehousing Co., a Washington company that stores, delivers and
repairs cars, has notified state officials that it plans to lay off 55
Portland employees on March 22."
SC jobless rate hits record 12.6 percent in Dec.
"COLUMBIA, S.C. - South Carolina's unemployment rate rose sharply in
December to a record 12.6 percent despite a drop in the number of
people looking for work."
Florida unemployment rate highest in 25 years!
"Florida’s unemployment rate continued to edge up in December,
reaching 11.8 percent, up 0.3 percentage points from November and up
4.2 percentage points from a year earlier. It’s the highest since May
1975, when it was 11.9 percent, according to the Florida Agency for
Workforce Innovation. That represents a little more than 1 million
Floridians who are out of work, out of a labor force of 9.1 million."
Jobless rates climb in all 50 states!
All 50 states ended 2009 with higher unemployment rates than a year
earlier, according to a report issued Friday morning by the U.S.
Bureau of Labor Statistics. Nevada and West Virginia registered the
sharpest upswings in unemployment last year, each rising by 4.6
percentage points. Nevada’s jobless rate soared from 8.4 percent in
December 2008 to 13.0 percent in December 2009, while West Virginia’s
rate climbed from 4.5 percent to 9.1 percent.
(But aren't we being told we are in the Obama recovery?)
Bankruptcies:
Taco Del Mar - Chapter 11
Moosehead Furniture Co - Chapter 11
Remington Ranch LLC - Chapter 11
Closing:
The Augusta Museum of History Closing Its Museum Store
Margarita's Mexican restaurant + Foot Locker Closed this Week at Tower
Place Mall
Coastal Lumber Company is closing its Buckhannon facility - 30 Jobs
Affected
Cheboygan Memorial will close its Maternity Ward April 1st.
Greenwood Lake Newspaper
PNC Financial Services Group Closing Port St Lucie Branch Fl, and
Several Other in the Coming Months
Koglin German Royal Hams in Grand Central Terminal NY
Suncoast Motion Picture Co at Ocean County Mall NJ
Prime Steak and Seafood at McNary Golf Club
Parker Furniture in Columbus Mississippi
Red Cross Food Pantry in Waltham Boston
(Fitting response to a recession: Close the food pantry?)
3 National Chains Closing 5 Store in Jacksonville
Dinner is Done Restaurant Closing in Louisville - Catering Still
Running
Huerfano County Correctional Facility in Colorado to Close in April -
188 Jobs Lost
Johnson Controls Inc ( International ) Confirms Closing of Lakeshore
Plant by March
Kornblut’s Department Store in Latta SC
Reverie Bakery Cafe in Pensacola Fl
Mary's Wicker Outlet in Volusia County FL
Social and Rehabilitation Services office in Abilene Kansas
Indiana State Police post in Seymour
Southeast Regional Library in Garner County NC Maybe Closing This Year
The Salvation Army Thrift Store on Fowler Street FL
(No need for a thrift store in a recession?)
A-Reliable Roofing in Southern Colorado
Waco Guaranty Branch to Close
Layoffs:
Astorino - 30+
Crispy Gamer - Entire Editorial Staff?
Namco Bandai - Job Cuts Coming
Kentucky State University - Job Cuts / Furlough Very Possible
Milford School Ohio - 3
Eight public universities in Mississippi - Could See Job Cuts in Next
3 Years
American Airlines - 130 Pilots Over Next Few Months
Tyson Foods Inc Council Bluffs Plant - 480
Christian Heritage School - 12
Alcoa Howmet Hampton Plant - 4 Layoffs and 125 on Extended Furloughs
PeaceHealth - 38
Lake Elsinore Unified School District - Concessions or Layoffs
Fresno Sheriff Office Ca - 71 Job Cut Notices
IKBI Inc - 47
Freetown Elementary School - 5 Job Cuts Possible
Double-A
Double-A
U.S.!
"The outbreak, with eight cases in Oregon and 14 in Washington, stems
from salami sold by Daniele Inc. in Costco, Walmart and elsewhere."
(Don't eat the salami!
Oft-delayed, The Round in Beaverton hits another snag!
"FRONT PORCH BLOG:This marks the second time that the City of
Beaverton's chosen developer has failed to make good on promises for
the complex of shops, offices, and condos centered around light-rail."
(What do they expect in the middle of a depression?)
Refund anticipation loan? Just say no!
"There are better, cheaper ways to get your tax refund without using
these short-term, high-cost loans offered by H&R Block and other tax
chains."
(You could do worse. You could go to that pay day loan shark down the
street!)
China slams US criticism of Internet controls!
"Beijing issued a stinging response Friday to Hillary Rodham Clinton's
criticism that it is jamming the free flow of words and ideas on the
Internet."
(So when will the sites we can visit in the US become uncensored?)
Regulators seize Columbia River Bank!
"The Dalles-based bank with $1 billion in assets is the fourth, and by
far the largest, bank in Oregon felled by the economic downturn.
Columbia River, founded in 1976 by a group of business leaders from
The Dalles, had just over $1 billion in assets and 21 branches in
Oregon and Washington. Like many Northwest banks, Columbia River
aggressively loaned to residential home developers during the boom.
Those loans contributed to the bank's demise after the residential
real estate market crashed."
(It's a good thing I have none of my money in that one!)
New bank rules unlikely to hurt big institutions!
"President Barack Obama's latest broadside against big banks may have
more bark than bite."
(Of course. He's not a big enough dog to bite the big bankers in
their asses!)
Former Freightliner exec sentenced to federal prison in fraud scheme!
"U.S. District Judge Anna J. Brown orders Sabina Vieru to make
restitution of more than $7 million for a scheme that helped her
invest in a condo project on the Black Sea."
Consumers Cut Back, But Dislike Fate of Unsold Goods!
"The demise of the Waldenbooks chain this month would probably have
been just another blip on the bleak retail landscape-until some
employees confronted a mountain of unwanted books. The chain, owned
by Borders, had deemed them unsellables-leftover bodice-ripping
romance novels and true-crime stories-and workers were instructed to
strip off the covers and toss the guts. Online and in interviews,
employees and customers across the country called it wasteful and
launched a viral Internet campaign to change the practice."
(Has anyone thought of simply burning the books?)
Bankruptcy judge ready to approve bonuses!
"DOVER, Del. - A Delaware bankruptcy judge is ready to approve Tribune
Co.'s request to pay bonuses of up to $45 million to hundreds of
managers, including the media conglomerate's top 10 executives. In an
order Thursday, the judge said that unless he receives any objection
by noon Tuesday, he is prepared to grant Tribune's request at a
hearing Thursday. The judge heard arguments on the bonuses in
September. On Wednesday, Tribune attorneys informed him that the
bonuses at issue typically are paid in February and asked that they be
considered separately from two other incentive plans the company has
proposed."
(Of course, all they did was drive their company into bankruptcy!
Failure should be rewarded! And no good deed should go unpunished!)
Morgan CEO could get $8.1M stock bonus for 2009!
"NEW YORK - Morgan Stanley CEO James Gorman could receive a stock
bonus currently valued at $8.1 million for 2009 if he meets certain
performance targets, the bank said Friday."
(Hey! Let the good times roll at Morgan! Too bad about you investors
who lost all your money in those worthless mortgage derivatives they
were pushing!)
Haiti's earthquake lays waste to weak economy!
"PORT-AU-PRINCE, Haiti - The deadliest earthquake in more than 200
years not only flattened homes and stole hundreds of thousands of
lives. It also collapsed an economy that was nearly in need of life
support before the tragedy."
(What economy? Selling trinkets to the tourists?)
The Giant Cincinnati Mall, Struggling to Lease Space
Price Tag to Buy St Louis Rams Drops Below $800 Million
(The Rams finished (1-15) in their sixth consecutive losing season!
Perhaps like the Silverdome, they should sell for the price of a
house!)
Closing:
Allentown Diocese to Merge 3 Schools, Close 2 Others
Patina in Downtown Winston-Salem
Update: The Wine Styles shop in South Eugene
Its Your Move Store in Boulder Co.
The UPMC Braddock Cot Club in Pa
The Autry Court in Palm Springs Ca - July 1
Creston Elementary School Oregon - Free Dental Clinic to Shut Down
Cemex in Davenport Ca - 120 Workers Gone
La Bamba Mexican Restaurant in Hawaii
Fort Erie Racetrack and Slots Not Closing but to Eliminate 679 Slot
Machines
(Well when you can't even make a profit with slot machines, the
economy must be really sucking!)
Fuji Film in Tullahoma Tenn. - 201 to Lose Their Jobs March 31
The Walking Shoes - 40 More Stores
Downtown Fresno's Ca Newsroom Cafe
Westerman’s Tuxedo Junction
(Not many strutting around in tuxedos in these times!
Layoffs:
Aerial Machine and Tool Corp - up to 100?
Ingram Content Group - 57
Spotlight 29 Casino - Cutting Pay and Employees
KUED Channel 7 Utah - 3 Job Cuts = Program Cuts
Sangamon County IL Emergency Dispatch Center - 3
Flint County Michigan - Furloughs or Layoffs
Double-A
Double-A
"The Nooksack tribe is in court with its lender; the Snoqualmie
tribe's new casino east of Seattle is in trouble; and the Skokomish
tribe has already closed its casino."
(It's that lack of a Social Security check increase that did them in!)
Uncertainty on Bernanke vote raises economic fears!
"WASHINGTON - A defeat of Federal Reserve Chairman Ben Bernanke's
quest for another four-year term could raise the risk of a "double
dip" recession if political jousting over a successor were to drag on
for months, economists warn."
(Heck, the double dip is coming anyway!)
Looking air-travel safety up and down: Hundreds of full-body scanners
to be added!
(There are no longer any private parts!)
Farmers threaten to block roads in Greece!
"ATHENS, Greece - Farmers threatened to block traffic on major roads
in Greece on Monday to demand full payment of subsidies they are
entitled to and better prices for their produce."
First Tennessee Bank being probed by feds!
"JOHNSON CITY, Tenn. - A Tennessee bank is among 15 mortgage lenders
being probed by the federal government over the default rates on FHA-
backed mortgages originated since 2007."
Wal-Mart cuts about 11,200 Sam's Club staffers!
"NEW YORK - Wal-Mart Stores Inc. said Sunday it is cutting about
11,200 jobs at its Sam's Club warehouse division as it outsources its
product-sampling department to marketing company Shopper Events in an
effort to win more customers and boost lagging sales."
(Well, so much for Wal-Mart as your employer of last resort!)
Closing:
3 - Ninety Nine Restaurants in Connecticut
Dayton Airport Hotel Prepares for Closing - 35 Jobs Lost
Layoffs:
Comverse ( International ) - 500 Globally
Lucia Mar Unified School District Ca - Budget Cuts = Layoffs
City of Lawrence - Layoffs Need to Eliminate Deficit
Porterville Developmental Center - Replace Security Guards With Camera
in May
Double-A
Double-A
"FRONT PORCH BLOG: An apartment appraiser says he expect vacancies to
rise to at least 7 percent in 2010, with the worst showings seen among
downtown high-rise apartments and outlying suburbs."
West Coast Bancorp posts $51.8M Q4 loss!
"The Lake Oswego-based bank also records a $94.2 million loss for all
of 2009 despite reporting fewer problem loans."
Oregon's rich getting richer and all others falling behind, wage study
showsBy Jeff Manning, The Oregonian
"A new analysis of state wages shows that the gulf between Oregon's
wealthy and everyone else continues to widen."
( For whosoever hath, to him shall be given, and he shall have more
abundance: but whosoever hath not, from him shall be taken away even
that he hath. - Matthew 13:12)
Minn. legislators seek new drug industry controls!
"ST. PAUL, Minn. - Minnesota lawmakers plan to go after the
pharmaceutical industry's relationship with doctors again this year,
according to proposals outlined Monday."
Ex-WGBH staffer pleads guilty to embezzlement [Boston]
Judge OKs Tops' bid for 79 bankrupt stores [Buffalo]
Quality Candy files for bankruptcy [Milwaukee]
Investors force Largo Metro Development into Chapter 7 [Washington,
D.C.]
Carothers Crossing faces financial troubles, but developers determined
[Nashville]
Denver Post parent’s bankruptcy filing may hurt ex-partners [Denver]
1,336 Mutual Funds Cease to Exist in 2009
Orlando Condo Sales Dominated 2009 : Values down 55%
Closing:
Blue Heron Hills Country Club NY
The Jewel of Orleans Store in Disneyland
Heritage Park Mall in Midwest City Oklahoma
Update: AEES Closing Mattawan Michigan - 372 Jobs Lost
2 Catholic Churches Could Possible Close in Irondequoit NY
The Open Book in Greenville SC
Missouri Regulators Move to Shut Down President Casino in St Louis
Emmett Grade School Kansas
Empire Music in Limerick ( International )
Amicus Books in Maryville Ca
A Berrien County youth crisis intervention center - Cutting its
Shelter Program - 14 Layoffs
Lowell Community Charter Public School - Voting this Week on Proposal
to Close
Layoffs:
Montgomery Township NJ - Service Cuts / Layoffs Possible
Trane Corporation Fort Smith - Confirms 200 by End of Year
Sitel Memphis Call Center - 426
Convergys Corporation - Fine Tuning Operation = Jobs to be Cut
Tower Tech's plant in Abilene - 15
Rite-Aid Distribution Center in Poca - 7
Update: ArcelorMittal - Starts 171 Layoffs Already Announced
East Ohio Regional Hospital - 23
Barnes Noble - 12+ Job Cuts Last Week?
Mayor Bloomberg NY - Warns of 19,000 Layoffs if State Cuts Aid
(Choke!)
Holland Michigan - More Job Cuts Likely
US Meat Sector Job Cuts to Almost 2,000 in Three Days
Ormet Aluminum - Layoffs to Start Feb 1st
Ericsson ( Sweden ) - 1,500
ABB - 29
Update: Clariant ( International ) - 500
Walmart - 11,200 Sam's Club Staffers
Korea Electric Power Corp - 147
Double-A
Double-A
"The automaker is shutting down production at five plans next week to
address a flaw in which accelerator pedals stick. As part of the plan,
Toyota is halting production at five manufacturing facilities for the
week of Feb. 1 "to assess and coordinate activities." There are 2.3
million vehicles involved in the recall, which was announced last
week."
GM sells Saab to Dutch carmaker!
"General Motors will get $74 million in cash, $326 million worth of
preferred shares in Saab and "other considerations" under the deal."
Recall: Boys' three-piece Santa sets!
"About 9,600 First Impressions sets have loose jacket buttons that can
detach, posing a choking hazard."
Recall: Knight Hawk toy helicopters, due to fire hazard!
"About 6,000 Danbar Knight Hawk toy helicopters have a battery housing
that can overheat while charging."
(Can't they make anything right anymore?)
Sunwest CEO Jon Harder agrees to $4.2 million in fines!
"The settlement also strictly limits Harder's ability to raise money
from investors in the future."
Franklin CEO awarded $6.9M compensation in 2009!
"NEW YORK - The president and CEO of investment manager Franklin
Resources Inc. received compensation valued at $6.9 million in fiscal
2009, according to Associated Press calculations of data filed Monday
with the Securities and Exchange Commission."
Over 1,500 GM, Chrysler dealers appeal closures!
"WHAT'S NEW? 1,550 Chrysler and General Motors dealers met a deadline
to appeal the automakers' decisions to shut them down, the American
Arbitration Association said Tuesday."
Fiat plans two-week production stop!
"ROME - Fiat will halt car production at all its Italian plants for
two weeks starting at the end of February amid a sharp drop in orders,
the company said Tuesday."
Dallas Logistics Hub developer files Ch. 11 [Dallas]
Filene’s Basement bankruptcy gets OK [Washington, D.C.]
DLH Master Land Holding LLC - bankrupt
Chesapeake Hardwood Products Inc - Chapter 11
Hopkinton Independent School Intents to File Chapter 7
Closing"
Aventino Restaurant in Fort Worth
3 Boys & Girls Clubs in Santa Paula , Filmore Temporary Closing?
The St. Tarcisius School in Framingham
Honeywell International to Close Factory in Rock Island Ill by March
2011 - 245 Jobs to be eliminated
The Fertile Mind Bookshop in Belfast Maine
3 Home Depot Test Stores - Small Store in Wilson NC, Outlet is
Waveland Miss., Outlet Store in Austell Ga
Champion Pools and Pets in Fostoria Ohio - Pet Store Closing, Pool
Business may Still Run
Hangtime Sports in Midland MI - Closing March 1
Mega Deals Discount Store in Isanti Minnesota
Ann Taylor Loft Store at Colonial Tutwiler AL.
Disney Store in Winnipeg Canada - April 1
Project House Hold - Foreclosure Defense Program in Jacksonville
The Naturalist Store in Davis Ca
Cardinal Health Findlay Ohio Distribution Center - 115 Workers to be
let go
Carolina Boys Home in Eau Claire SC Closed
Buckhead Saloon in Raleigh
Update: Crazy Gideon in Downtown LA Closing Sat.
Bentley's Restaurant in Cary NC to Close
Helmsley Spear Brokerage to Shut Down - 22 Jobs
Layoffs:
Red 5 Studios - 30
St Louis Lincoln County Sheriff - > 8
City of Interim Development Services Department - 7
City of Williams - 2
Bombardier Learjet - 100
Siemens ( International ) - Job Cuts Coming, More News expected on
Thursday
Johnson and Johnson - Profits Fall on Program that will Eliminated up
to 8,000 Jobs
(And this after Johnson and Johnson has just been charged with
bribery!)
Crenlo - 33 on Thursday
Averill Park Central School District NY - 26 Layoffs Likely
Lowell Observatory - 3
Home Depot - 1,000
Pinellas County FL - Job Reductions Coming?
Verizon Communications - 10,000 This Year
Wellington-Dufferin-Guelph Public Health office in Orangeville - 3
Update: Plainfield schools IL - Budget Proposal Includes 200 Layoffs
Champaign Schools Illinois - Jobs Cuts Coming?
City of Sandusky Ohio - 23
Warren County School District Indiana - State Funding Cuts = Job Cuts
City of Zanesville - Layoffs / Furlough Likely
Palms of Pasadena Hospital - 25 so far this year
Secretaries in the Mt. Diablo Unified School District Ca - Considering
23
City of Vancouver ( International ) - Plans 65 to 75 this week
Double-A
"The Great One"
"Double-A" <doub...@hush.com> wrote in message
Toyota halts sales of 8 recalled vehicles!
"The automaker is shutting down production at five plans next week to
address a flaw in which accelerator pedals stick.
Double-A
~~~~~~~~~~~~~~~~~~~~~
The gas pedals are fine....the floor mats are fine....it's the faulty electronics that is pushing the idle-regulator solenoid to "wide-open"...Toyota was simply grasping at straws blaming this on the floor mats and sticking gas pedals. FUCK "Rice Burners" !!!!
--
HJ
Double-A
wrote:
> "Double-A" <double...@hush.com> wrote in message
I once had a new Dodge Aspen that would shift itself from park into
reverse while it was just sitting there idling! Never got recalled
for that, but that model got recalled for a lot of other things!
Double-A
"The Great One"
"Double-A" <doub...@hush.com> wrote in message news:453d6ca3-4cae-4897...@c29g2000yqd.googlegroups.com...
Double-A
~~~~~~~~~~~~~~~~~~~
I've still got a Mazda 626 that vibrates my nuts at 62 mph.....never noticed any complants on that model.....even from me !!
--
CHJ
Saul Levy
BAWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!
I asked: WHAT RELIABILITY?
Saul Levy
bert
> Nike second-quarter earnings down 4 percent; CEO stands by Woods!
>
> "Revenues slide 4 percent to $4.4 billion as footwear and apparel
> demand slumps in the U.S. and all of Europe."
>
> Feds indict former Countrywide mortgage broker from Portland!
>
> "FRONT PORCH BLOG: A federal grand jury indicted Portland mortgage
> broker Alex Z. Biscocho of bank fraud in connection with the sale of
> his parent’s home in 2006."
>
> (Some bad shit went down at Countywide!)
>
> Town of Huntington fears for its future after cement plant layoffs!
>
> "Residents of the eastern Oregon town worry that stricter EPA rules on
> mercury will prompt a shutdown."
>
> Stocks fall as dollar gains, FedEx disappoints!
>
> "More poor news came in on the economy as the government reported an
> unexpected rise in unemployment claims last week. The number of new
> jobless claims rose to 480,000 last week, up 7,000 from the previous
> week."
>
> Money fund assets fell to $3.269T in latest week!
>
> "NEW YORK - Total money market mutual fund assets fell by $51.13
> billion to $3.269 trillion for the week, the Investment Company
> Institute said Thursday."
>
> Fannie, Freddie suspend foreclosures!
>
> "WASHINGTON - Mortgage finance companies Fannie Mae and Freddie Mac
> are suspending foreclosures and evictions for about two weeks in a
> temporary break for borrowers during the holiday season."
>
> (Doesn't that put you in the Holiday spirit?)
>
> General Growth Properties considers equity sale to raise cash
> [Baltimore]
>
> Real estate shop files for Chapter 11 [Boston]
>
> Epiq Systems’ bankruptcy business hits record high [Kansas City]
>
> Rainbows consolidating facilities, laying off staff [Wichita]
>
> More bankruptcies:
>
> Nickinello Realty Corp. of Natick - Chapter 11
>
> Vion Pharma Inc - Chapter 11
>
> Thomson SA
>
> Roper Bros. Lumber Company - Chapter 11
>
> Roaring Fork Lodge project in Glenwood Springs Co.
>
> Ridgefields Country Club - Chapter 11
>
> Closing:
>
> St. Therese of Lisieux and St. Casimir elementary Schools in Lansing
>
> Menomonee Falls Driving School
>
> The Bandera branch of Guaranty Bank-BBVA Compass
>
> The Sam Goody store at the Adrian Mall
>
> Cincinnati’s Metro Bus System Will Eliminate 5 Routes
>
> Forest Café in Cambridge Mass Closing?
>
> Cotati's Backdoor Disc & Tape Store
>
> CVS Closing Calhoun Road Location Rome Ga
>
> Western Colorado Research Center on Rogers Mesa
>
> Sheffield's Auto Parts Warehouse to Close
>
> Hunt Real Estate Corp Closing Sarasota Fl Office
>
> Kingston Sports ( Canada )
>
> Butterfield Elementary School in Riverside
>
> The Blockbuster Store on Route 28 in South Yarmouth
>
> Southwest Museum of the American Indian Ca, Possibly Closing
>
> The Spotlight Cafe Eatery Closing
>
> John Morrell & Co. plant in Sioux Falls ( International ) Talks of
> Closing
>
> Layoffs:
>
> Licking County OH - 17 Positions on the Line
>
> Paul Mueller in Springfield MO - Entire Production Staff? 150 to 250
>
> Update: New York Times - 18
>
> Update: Livonia School Board Approves 83 Layoffs
>
> Rainbows United Inc - Consolidates Buildings - Cuts 11 Jobs
>
> AT&T - 400 in Florida
>
> Trans State Airlines - 50 At Lambert Airport
>
> Audubon - 3 Officers by End of Year
>
> Progress Rail in Raceland, Ky - 64
>
> Pitney Bowes Inc - Cutting Workforce by up to 10% over Next 2 Years
>
> Bridgeport-Spaulding Community School District - Possibly 15
>
> Ericsson ( Sweden ) - 150
>
> Ultimus - Cuts Small Number of Jobs
>
> Gov McDonnell Va - Hints at State Employee Job Cuts
>
> Robbinsville NJ - Layoffs and Furloughs
>
> Mullen Boston HQ - 15
>
> Johnstown Pa - 18 Receive Layoff Notices
>
> Anderson Water Department Indiana - 5
>
> Pasadena Unified Schools Ca - Possibly 82 Layoffs Coming
>
> Double-A
Double A Winn Dixie will go bellie up in the next 15 months. They are
losing money as Walmart is right on top of their stores. Been selling
off (franchizing) M&M for $500 and that means they get their money
back in two jobs. If I am not up in Mass. this early spring I am
franchizing full time. Also need your help in finding who manufactures
NASA's ISS insulating material. I want to make home air-conditioneers
more effective. PE is over billing without stealing since they have
Charlie Crist in their pocket. TreBert
Double-A
Double-A
"View full sizeThe U.S. Consumer Product Safety Commission has
announced a voluntary recall of about 1,100 CYBEX strollers because
the stroller's hinge mechanism poses a fingertip amputation and
laceration hazard to the child when the consumer is unfolding/opening
the stroller."
(Fingertip amputation a problem? Well then I guess selling working
model toy guillotines is out of the question!)
Pepper on salami tainted with salmonella!
"Daniele International Inc. said that tests of black pepper used to
coat some of its products came back positive for the bacteria."
(Now not even the pepper's safe!)
Group pushes for vote on Portland-area casino!
"January 27, 2010, 12:01PMA group has filed initiatives with the state
to create Oregon's "first taxpaying, smoke-free resort casino" at the
former Multnomah Kennel Club in Wood Village, which used to host
greyhound races. Calling itself The Good for Oregon Committee, the
main supporters are Matt Rossman and Bruce Studer, the same pair of
Lake Oswego businessmen who have tried the same idea before. "With
double-digit unemployment in Oregon, declining tax and lottery
revenues, along with slow job growth opportunities, the time has come
to stop the political divisiveness and come together for positive
economic change," Rossman said in a statement. The casino would
provide thousands of construction and permanent jobs and pay an
estimated $200 million in taxes each year, the statement said. The
project would use no tax dollars, it said." The next step, according
to the statement, is to put together an ownership group. Once that's
done, the group would gather signatures to put the issue to a
statewide vote next November. Opening a full-service casino in the
Portland area has long been a goal of Oregon tribes and entrepreneurs
because of the high numbers of gamblers in close proximity."
(The big new to me was that the dog track closed at the end of 2004!
Shows what a big gambler I was! I wondered why races results were no
longer being posted in the paper.)
Old Navy to leave Salem shopping center in 2011, mall says!
"The retail chain expects to close its Salem store in the first three
months of 2011, according to the mall management company, and relocate
to Keizer."
(Keizer? A move to the "low rent district".)
Robert Duncan Plaza defaults on loan, placed in bankruptcy [Portland]
Icahn’s bid for Fontainebleau accepted [South Florida]
GM offers $1,000 incentive to Toyota owners!
"NEW YORK (CNNMoney.com) -- General Motors is offering incentives of
$1,000 and low financing rates specifically for Toyota customers
worried about their recalled vehicles, beginning Wednesday. "We
decided to make this offer after receiving many e-mails and calls from
our dealers, who have been approached by Toyota customers asking for
help," GM said in a statement. The offers will run through the end of
February. GM is offering $1,000 rebates or up to $1,000 to help pay
off current leases on Toyota products. The automaker is also offering
0% financing on most models for Toyota customers. The offers apply to
2009 and 2010 model year cars. Such "conquest incentives" --
incentives targeted at owners of other manufacturers' vehicles -- are
common in the industry, GM spokesman Tom Henderson said. In this
case, however, the incentives are designed to take advantage of Toyota
owner's worries at a time when they're concerned about the safety and
quality of their cars.
Toyota announced last week that it was recalling 2.3 million cars,
SUVs and trucks for a problem with a potentially sticky gas pedal.
This was after the company recalled 4.2 million vehicles -- many of
them the same as last week's recall -- for a problem in which the gas
pedal could become stuck on the floormat. Toyota recently announced
that will temporarily stop selling models affected by the most recent
recall, including some of their most popular products like the Camry
sedan and the Rav4 small SUV. The problem plays to GM's current
strengths, said James Bell, an analyst with Kelley Blue Book's
KBB.com. Some of GM's strongest products, like the Chevrolet Malibu
sedan and Chevrolet Equinox SUV, are strong competitors to products
Toyota is now not selling. "The Equinox is the obvious buy over a
Rav4," he said. If the Chevrolet dealers were still selling last
year's Equinox, before the new, completely redesigned model was
introduced, GM's position wouldn't have been as strong, he said."
(Way to make a move, GM!)
Closing:
Anastasia in Murfreesboro Tenn.
Furniture North in Nisswa
Wall Street Trading , Valerie's and RAK Outfitters in Calhoun
10 Wachovia Branch in Austin Texas to close in July
St. Louis river boat casino to Possibly close by July 1
Zeledyne LLC plans to close 1 Production Line Southwest Tulsa Plant -
220 Layoffs on March 28
Spartans Stores to Close Plymouth Facility
South Carolina I-95 - 4 Rest Areas Closing Down Today
The Walt Disney Co.'s Partners Federal Credit Union is closing its
Anaheim operations
Nokia to Close Boca Raton Facility - 86 Jobs Lost
NYC - Panel Votes to Close 19 Failing Schools
Update: Cumberland Hall Hospital in Chattanooga TN - 70 Jobs Lost
Pearl Art & Craft Supplies in Cambridge
Layoffs:
Time Warner Cable Denver Area - 350
Medica Missouri Health Insurer - 150
Update: Apria Healthcare Inc - Plans 33 on Friday
Trane - Completed 59 Layoffs at Clarksville Tenn. Plant
("Nothing Can Stop A Trane!" Except a depression, I guess.)
Southampton Memorial Hospital - 10
The Lorain Public Library System Ohio - Agreed on 20
Colchester Conn. School Budget - Plans 10 Job Cuts
Summitville Tile Plant in Minerva. Ohio - 22
Meta Financial Group - 40
AFSCME Union Chicago - Agreed to 200 State Worker Layoffs
Update: Convergys ( International ) - 800
Oracle + Sun Microsystems Merger - < 2,000
Update: Grand Rapids - 45 Layoffs.. Lower than Expected
Ingham Regional Medical Center - Layoffs to Be announced Next Week
Yolo County Ca - 44
Tellabs - 200 From Global Workforce
ABC's Broadcast Operations & Engineering - 12+
ATK - 50 Yesterday and more to come up to Possible 450
Double-A
Double-A
"The automaker still has no details on when drivers would see repairs
as the recall spreads to more than 2.4 million vehicles on three
continents."
Bernanke wins second term as Fed chairman!
"The vote was the closest ever for a nominee for Fed chairman. It came
amid roiling public anger over the economy and stubbornly high
unemployment that fueled a populist backlash against Ben Bernanke."
(So why didn't Obama appoint somebody new, if he really wants to do
things differently than Bush?)
Importer recalls noodles from China that don't pass muster!
"Under U.S. Department of Agriculture pressure, a New Jersey recalls
50,000 pounds of instant noodles from China."
(Hey! Those noodles are still alive!)
Tax fight!
"Tuesday's tax vote left business leaders frustrated across Oregon,
lamenting the bitter tone of the campaign and damage they perceive to
the state's economic climate."
Clark County (WA)!
"Business recruiters in Washington don't expect a mass migration
across the Columbia River following the tax hike Oregon voters
approved Tuesday."
(But then you never know!
The kicker!
"Now that voters have raised income taxes and given the state budget a
breather, Gov. Ted Kulongoski says it's time to close the loop and
change Oregon's unique kicker law."
(This means another tax increase, of course. The "kicker" was a
biannual refund to the people of surplus tax revenues above what the
state had budgeted for.)
Schnitzers cede control of Schnitzer Steel!
"After selling off stock, the family no longer controls the company
that bears its name."
(Poor Arlene Schnitzer, and now hit by that new Oregon income tax on
top bracket payers! But at least she still has her concert hall!)
NASA to get more money, but must scratch moon plan!
(WHAT!!!???)
"WASHINGTON - President Barack Obama is essentially grounding plans to
return astronauts to the moon and instead is sending NASA in new
directions with roughly $6 billion more.
A White House official confirmed Thursday that when next week's budget
is proposed, NASA will get an additional $5.9 billion over five years,
as first reported in Florida newspapers. Some of that money will be
used to extend the life of the International Space Station to 2020.
(USELESS!)
The official said it also will be used to entice companies to build
private spacecraft to ferry astronauts to the space station after the
space shuttle retires.
An aide to an elected official who was told of the plans said Obama is
basically ending the return-to-the-moon effort pushed by President
George W. Bush. So far, that effort has cost $9.1 billion."
(So much for a meaningful space program. Round and round we'll go for
another 40 years!)
Sobering news: Calif. wine sales down in 2009!
"SACRAMENTO, Calif. - The wine industry received sobering news this
week: California wine shipments dropped in 2009 for the first time in
16 years."
SoBe’s Continental Oceanfront faces foreclosure! [South Florida]
Mayor Bloomberg NY - Outlines Cuts for Broad Range of Services!
Senate Boost US Debt Limit to $14.3 Trillion!
Bankruptcies:
Parking Company of America Airports LLC
Wentworth Home to file for Chapter 11
Natural Products Group
Harborwalk LP
Closing:
Update: Palm Beach Mall Florida Closes Saturday
Driver License office at 6202 George Bush Drive in Katy Texas
Miramax Studios in New York and La Closed Today? - 80 Jobs
Penn. state Plans to Close Allentown State Hospital by Dec. 31
Popolos Cafe in Dallas
Tenn. Clover Bottom Development Center Possibly Closing
New Era Cap Co - Demopolis Ala. Facility to Close Later this Year
Mekong Vietnamese Restaurant in Johnson City NY
Burt Ford in Parker Colorado - 25 Jobs Gone
Owens-Illinois Closing Plant in Charlotte on May 1 - 137 Jobs Lost
Layoffs:
Visteon Corp Indianapolis - 15 Permanent Layoffs
Dana Holding Corp. Statesville - 25
Capital Region International Airport - 4 Officers
Virginia State Education Group - Warns That Public Schools will Face
Thousands of Layoffs
Sierra College - Budget Cuts = Possible Layoffs , Furloughs
Borders Group Inc - 124 or 10% of Corp. Staff
Update: Connectivity Solutions - 110 and Might Close Omaha Neb Plant
Old National Bancorp Evansville - < 30
The Eastern Maine Medical Center in Bangor Maine - 100 through
Retirement / Layoffs
Arizona Officers - Layoff Numbers Should be Released today
Berryville Graphics - 68
Macy's Dept. Store - 1,500 Effective March 6
AstraZeneca - 10,400 Worldwide over Next 4 Years
Townsend Bay Marine - 40
Update: Mayor Bloomberg NY - Expect 934 Layoffs to be announced
Siemens ( Germany ) - About 2,000
Home shopping group Shop Direct ( International ) - 1,500
Deutsche Boerse AG ( International ) - 10% of Workforce or around 330?
TTX Headquarters - 67
The Star Tribune - 15
Wayne County Ohio Officers - 13
Double-A
Double-A
"Once one of the nation's fastest-growing cities, Bend (OR) has shed
thousands of jobs during the past two years. The number of families
receiving food stamps has more than doubled. Last week, the state
Employment Department reported Bend's seasonally adjusted unemployment
rate for December at 14 percent."
Umpqua Bank disappoints!
(Sounds like a wife with a headache!)
"The largest, and one of the strongest, banks based in Oregon,
reported Thursday hefty fourth quarter and annual losses plus some
slippage in loan quality."
Health insurance
"Low-income Oregonians can sign up for a Feb. 1 drawing to get medical
insurance coverage under Oregon Health Plan, the state's Medicaid
plan."
(Notice they didn't say anything about No-Income Oregonians.)
State lottery for health insurance approaches!
Low income Oregonians can sign up for a Feb. 1 drawing to get medical
insurance coverage under Oregon Health Plan, the state's Medicaid
plan. The state has enough funding to add up to 35,000 more adults 19
to 64 to the health insurance plan. That's a small fraction of the
estimated 140,000 Oregonians whose incomes qualify for the plan. But
the state doesn't have enough money to enroll everyone who would
qualify, so it selects new plan members at random from a pool who have
put their names in the running. The next drawing for OHP insurance
coverage is scheduled for Feb. 1. The state will hold regular drawings
after that, as needed, until the budget for covering more Oregonians
is used up. To put your name in the insurance lottery, call (800)
699-9075 or go online to www.oregon.gov/DHS/open. The same Web site
has information about income limits and other guidelines to see if you
might qualify for coverage.
(Raving Loonie, who lives in Canada where everyone is believed to be
entitled to health care, just can't get over how here in Oregon they
are raffling off state subsidized health insurance plans to a mere
subset of those otherwise qualified for it! All others go without!)
Public pension board to vote on employer rate increases!
"The board for Oregon's state pension fund will vote today on a policy
change that could alleviate some of the budget-sting stemming from the
fund's investment losses in 2008."
(Yes, make employers pay for the losses incurred by the state's
foolish investment strategies!
Inventory liquidation sale at Liquid Solutions!
"Matt Maples is closing the doors to Liquid Solutions after nine years
of operation. People can buy beer, mead and ciders at 10 to 30 percent
below cost in an Inventory Liquidation Sale today through Feb. 5 at
the warehouse at 275 Beavercreek Road, C149."
NASA contractor lays off 420 in Utah!
"CLEARFIELD, Utah - The company that builds booster rockets for the
space shuttle has laid another 420 workers in Utah."
(Remember back in the "Space Age"?)
Honda recalls 140,000 Fits in US!
"NEW YORK - Honda is recalling 646,000 Fit hatchbacks worldwide
because of a glitch that could cause water to enter the power window
mechanism, causing components to overheat."
Electric Boat to lay off 434 workers!
"GROTON, Conn. - Submarine manufacturer Electric Boat says it has
notified 434 employees they will be laid off due a downturn in work."
Official: World Bank seeks help for crisis-poor!
"DAVOS, Switzerland - The World Bank's managing director urged global
power players Friday to start investing and lending in low-income
countries to help the tens of millions of people plunged into poverty
because of the global economic crisis."
(Wouldn't those have to be "sub-prime" mortgages?)
American Express CEO gets 60 percent salary raise!
"DES MOINES, Iowa - The CEO of American Express Co. is getting a 60
percent pay raise."
(Sigh!)
Miami Dolphins' stadium gets new name, again!
"MIAMI - The Pro Bowl and the Super Bowl will be played over the next
couple of Sundays in South Florida. Exactly where-that's causing a
little confusion. To some fans, the building that's hosting both
games will always be Joe Robbie Stadium. But the NFL's Web site called
it Dolphin Stadium earlier this week. And its official name, as of
last week, is Sun Life Stadium. Even some of the Pro Bowlers were
surprised to hear that. Toronto-based Sun Life Financial is paying at
least $4 million a year for a five-year naming rights agreement to the
stadium where the Miami Dolphins and Florida Marlins play."
(What? The Pro Bowl is no longer being played in traditional Hawaii?
Is this the NFL's attempt to cut back on travel expenses in these
recessionary times, or what?)
Miramax offices close, Disney says brand continues!
"(AP) — LOS ANGELES - The offices of award-winning Miramax Films were
closing on Friday, but the brand will continue to exist for at least
two years."
Appliance World shutters Denver-area stores! [Denver]
Toyota US Dealers May Lose $2.47 Billion a Month!
SlideShow: Foreclosure Plague - Where it's Spreading:
http://money.cnn.com/galleries/2010/real_estate/1001/gallery.New_foreclosure_hot_spots/index.html
Bankruptcies:
Cine Qua Non - Japanese Film Company
Elite Electric of Washington II Inc
Appliance World Denver?
Realvest Corporation - Chapter 11
Closing:
Horizon Milling Closing Around Dec 1 - 56 Jobs
Chinchuba Institute KidSpeak Learning Center in Gretna
Standish Bakery and Restaurant in Standish Michigan
2 Montreal Radio Stations AM Info690 and AM940
Mineta San Jose International Airport to Close Oldest Terminal
IGT to close Cabinet Shop within 60 Days - 25 Jobs Lost
Shoemaker Rockport Moving From Lancaster to SC
WisdomTree ETF Issuer to Close 10 ETF's
Bonnie Brae Flowers Closing?
All 5 Denver Area Appliance Worlds Closed
Bremer Hardware Store in Gridley - All Employees moving to Ace
Brunswick Maine Naval Air Station - Closing 2 Runways , total Closure
in May
Onondaga County Electronics Recycling Center
Merced Hyundai Dealership in Merced CA
Louis Leather & Motorcycle Wear in Downtown Maple Ridge
St. Joseph School in Joliet
The RC Cola-7UP plant in Buena Park Ca - Shutting Down Later this Year
Hastings Entertainment Inc in Rio Grande Valley
Honeywell Hobbs Expected to Close Springfield Plant by Year end - 120
Jobs Lost
Layoffs:
Ryder Logistics and Transportation - 67 by the End of March
Brown McCarroll - 10
Burns & McDonnell - 25
Update: Mayor Bloomberg NY - 4,300 Jobs Must be Cut to Balance Budget
TTX Co. - 51 in Jacksonville
Sifto Canada Corp. Mine in Goderich, Ontario - 80
Bank of America Corp. - Brokerage Firm in Lincoln - up to 99
Cincinnati Bell Inc - Offering Buyouts to 900
Iberdrola USA's - 140
Studio Liverpool Gaming - Layoffs / Possibly Closing
Erie Community College - Budget Cuts May Mean Layoffs Coming
Electric Boat - 434
Royal Dutch Shell - More Layoffs Possible this Year
Toyota Derbyshire ( International ) - up to 750
Sterling Chemicals - 15 to 30
Barclaycard Delaware - 150
St. Luke's Miners Memorial Hospital - 30 , and Cut Hours for 6 others
Amanda-Clearcreek School - 4 Teachers in April
The Bloomington Area Arts Center - 5
NYC Budget Cuts - Layoffs, and Big hit to Libraries
Highland Park Michigan school district - 48
Update: ATK Utah - 380
Double-A
Double-A
is now empty space. One more empty store front!
Short sales leave homebuyers, sellers in limbo!
"When they made their offer to buy a Southwest Portland home last
March, Catriona McCracken and Paul Thiers had every reason to think
the deal would rapidly close."
"McCracken and Thiers still have not closed on the house. After months
of false starts, blown closing dates and repeated requests for the
same information from an endlessly rotating cast of bank officials,
McCracken's offer remains stuck somewhere in the bowels of the Bank of
America and JP Morgan Chase bureaucracies."
http://www.oregonlive.com/business/index.ssf/2010/01/short_sales_leave_homebuyers_s.html
Regulators shut down banks in 5 states!
"WASHINGTON (AP) -- Regulators shut down a big bank in California
today, along with two banks in Georgia and one each in Florida,
Minnesota and Washington. That brought to 15 the number of bank
failures so far in 2010 atop the 140 shuttered last year in the
punishing economic climate.
The failure of Los Angeles-based First Regional Bank, with nearly $2.2
billion in assets and $1.9 billion in deposits, is expected to cost
the federal deposit insurance fund $825.5 million.
The Federal Deposit Insurance Corp. took over the bank as well as the
others: First National Bank of Georgia, based in Carrollton, Ga., with
$832.6 million in assets and $757.9 million in deposits and Community
Bank and Trust of Cornelia, Ga., with $1.2 billion in assets and $1.1
billion in deposits; Florida Community Bank of Immokalee, Fla., with
$875.5 million in assets and $795.5 million in deposits; Marshall Bank
of Hallock, Minn., with $59.9 million in assets and $54.7 million in
deposits; and American Marine Bank of Bainbridge Island, Wash., with
$373.2 million in assets and $308.5 million in deposits.
First Regional Bank's collapse followed the shutdown of several large
California banks in the last months of 2009. California was one of the
states hardest hit by the real estate market meltdown, and many banks
there have suffered under the weight of soured mortgage loans. Last
year saw the failure of 17 banks in the state.
First-Citizens Bank & Trust Co., based in Raleigh, N.C., agreed to buy
the deposits and $2.17 billion of the assets of First Regional Bank.
The FDIC retained the remaining assets for later sale. In addition,
the FDIC and First-Citizens agreed to share losses on $2 billion of
the failed bank's loans and other assets.
Community & Southern Bank, also based in Carrollton, Ga., agreed to
assume the deposits and assets of First National Bank of Georgia.
SCBT, a national bank based in Orangeburg, S.C., is assuming the
assets and deposits of Community Bank and Trust. United Valley Bank,
based in Cavalier, N.D., is buying the assets and deposits of Marshall
Bank.
Miami-based Premier American Bank, N.A., a new bank with a national
charter set up last week, is buying the deposits and $499.1 million of
the assets of Florida Community Bank. The FDIC will retain the
remaining assets for later sale. In addition, the FDIC and Premier
American Bank -- owned by the investment firm Bond Street Holdings --
agreed to share losses on $305.4 million of Florida Community Bank's
loans and other assets.
Columbia State Bank, based in Tacoma, Wash., is assuming the assets
and deposits of American Marine Bank.
The two shuttered banks in Georgia followed 25 bank failures there
last year, more than in any other state.
The government's resolution of First National Bank of Georgia is
expected to cost the deposit insurance fund $260.4 million. That of
Community Bank and Trust is estimated to cost $354.5 million. Florida
Community Bank's resolution is expected to cost the fund $352.6
million and Marshall Bank is expected to cost $4.1 million. The hit to
the fund from American Marine Bank is estimated at $58.9 million.
As the economy has soured, with unemployment rising, home prices
tumbling and loan defaults soaring, bank failures have accelerated and
sapped billions out of the federal deposit insurance fund. It fell
into the red last year.
The 140 bank failures last year were the highest annual tally since
1992, at the height of the savings and loan crisis. They cost the
insurance fund more than $30 billion. There were 25 bank failures in
2008 and just three in 2007.
The number of bank failures is expected to rise further this year. The
FDIC expects the cost of resolving failed banks to grow to about $100
billion over the next four years.
The agency last year mandated banks to prepay about $45 billion in
premiums, for 2010 through 2012, to replenish the insurance fund.
Depositors' money -- insured up to $250,000 per account -- is not at
risk, with the FDIC backed by the government. Besides the fund, the
FDIC has about $21 billion in cash available in reserve to cover
losses at failed banks.
Banks have been especially hurt by failed real estate loans, both
residential and commercial. Banks that had lent to seemingly solid
businesses are suffering losses as buildings sit vacant. As
development projects collapse, builders are defaulting on their
loans.
If the economic recovery falters, defaults on the high-risk loans
could spike. Many regional banks hold large concentrations of these
loans. Nearly $500 billion in commercial real estate loans are
expected to come due annually over the next few years.
In his State of the Union address this week, President Barack Obama
said he will initiate a $30 billion program to provide money to
community banks at low rates, if they boost lending to small
businesses. The money would come from balances left in the $700
billion bailout fund.
Hundreds of banks, including major Wall Street institutions, received
taxpayer support through that politically unpopular rescue program,
enacted by Congress in October 2008 at the height of the financial
crisis."
Budget cuts keep companies from Portland auto show!
"Tight budgets changed the face of this year's Portland International
Auto Show. Some longtime participants chose not to set up displays
because of the costs involved."
Xerox Cuts Severance Plan Ahead of Layoffs!
"Underemployment" Tops 20% in 3 States!
California Wine Shipments Fall for First time in 16 Years!
WSJ: Movie Gallery will File for Bankruptcy Next Week!
Closing:
CompuCredit Corporation Closing 3 Offices in Utah, Georgia, NC - 740
out of work
Discount Video in Pasco Washington
Clyde's Jewelers in Howard
TD Bank North Closing 2 Cape Cod Branches
The Charles Poletti Power Project in Queens - NYC Dirtiest Power
Plant
The Physiotherapy Associates regional service center in Indiana - 100
Jobs Lost on March 19
Solstice Cafe in Grant Park GA
Gardens - Closing Austin Texas Store
O’Connell Jewelers in Valley Mall Near Halfway
MaggieMoo's ice cream shop in Orange County
Sylvan Learning Center, in the Lakeport Commons
The private City Club in North Palm Beach
Layoffs:
Regions Financial Corp - 58 in Birmingham
Quest Aircrafts Company - 22
The city of Whitefish Montana - 4 Layoffs and Furlough for Other City
Workers
City of Ripon Ca - 13
The Crystal Cathedral - Makes Deep Cuts including Layoffs
(Even God is being hurt by this depression!)
The Harris County Hospital District Texas - 17
Update: Tulsa Ok. Public Schools - 161
Double-A
Gro...@jeffrelf.f-m.fm
Re: The 15 bank failures in the U.S. so far this year,
including one with deposits totalling 1.9 billion dollars...
You ( Double·A ) quoted Oregon·Live:
“ The 140 bank failures last year were
the highest annual tally since 19'92,
at the height of the savings and loan crisis.
They cost the insurance fund more than 30 billion dollars.
There were 25 bank failures in 20'08 and just three in 20'07. ”.
http://www.oregonlive.com/business/index.ssf/2010/01/short_sales_leave_homebuyers_s.html
Clinton was elected in 19·92,
republican Senators swept into office in 1994,
right when the Internet really started to take off.
It feels like 19·94 all over again... some things never change.
Double-A
> Re: The 15 bank failures in the U.S. so far this year,
> including one with deposits totalling 1.9 billion dollars...
>
> You ( Double·A ) quoted Oregon·Live:
> “ The 140 bank failures last year were
> the highest annual tally since 19'92,
> at the height of the savings and loan crisis.
>
> They cost the insurance fund more than 30 billion dollars.
> There were 25 bank failures in 20'08 and just three in 20'07. ”.
>
> Clinton was elected in 19·92,
> republican Senators swept into office in 1994,
> right when the Internet really started to take off.
>
> It feels like 19·94 all over again... some things never change.
When the voters swept Obama into office, they were hoping for radical
changes to address the recession the likes of which they recalled from
the days of FDR. What they did not expect was a President who would
merely "stay the course" and stick with Bush's policies. Obama just
missed the chance to replace the Federal Reserve Bank Chairman, whom
people are angry at for his policies of bailing out the banks (and
their management's bonuses), while letting out of work people continue
to lose their homes. Obama seems to be all out of new ideas, and
can't remember any old ideas from FDR. Foreclosures continue, people
continue to lose there jobs (and health insurance), and unemployment
benefits continue to run out. If Obama doesn't come up with some new
measures soon to improve the economy, it will certainly feel like 1994
again as Republicans sweep back into Congress. This recent Senatorial
election for Kennedy's old seat was just a foretaste! If Obama is the
consummate politician he thinks he is, he may try to do like Clinton
did and jump out in front of the Republican's parade. If he does
that, his base of liberal supporters may get changes they never
bargained for!
Double-A
Double-A
"The economy might be on the mend. The job market is not.
About 360,000 Oregonians received unemployment checks last year.
That's the population of Salem, Corvallis and Eugene combined. And
while Oregon's unemployment rate was 11 percent last month, its
underemployment rate is much higher -- 20.7 percent, federal officials
say.
That rate includes workers taking part-time jobs because they can't
find the full-time position they want.
It also counts discouraged workers, or those who've given up looking
entirely.
What's more, the percentage of workers unemployed for 15 weeks or more
nationwide was 5.9 percent last month. That's the highest its been
since the government began recording it in 1948.
With no new extensions, about 12,000 people will exhaust their
benefits in late March or early April, state employment officials say.
Another large exhaustion is expected in August.
It stands to reason, then, that a lot of folks have drained their
savings, maybe even their retirement accounts, or will do so this
year. They need extra money soon."
Closing:
The Volunteers of America Thrift Store in Durango Colorado
Western Sizzlin in Evans Colorado
The Factory Card & Party Outlet in Greenbrier Shopping Center Va will
close July 1
Tiger Tyme, the LSU specialty store
Liquid Solutions in Oregon?
FYE Store in the Finger Lakes Mall Closing Sunday
Layoffs:
Update: Saugerties School District - 9 Job Cuts Effective Monday
First Federal Port Angeles - 10
City of Hickory NC - Layoffs Possible
Glaxo Smith Kline - 4,000 in US / Europe
Aurora public schools Colorado - Considering Layoffs
Double-A
Double-A
"Daniele Inc., based in Rhode Island, pulls 17,235 more pounds of
salami that could have been contaminated by pepper."
(Eat that stuff and you'll know you've had the salami!)
Toyota tells dealers parts on way to fix pedals!
"The company said in a statement that it has begun shipping parts and
is training dealers on the repairs."
Computer chip sales fell 9 percent in 2009!
"SILICON FOREST BLOG: Worldwide semiconductor sales totaled $226.3
billion last year, down 9 percent from 2008 but ahead of industry
forecasts."
Conn. lawmakers want to tax TARP bonuses!
"HARTFORD, Conn. - Some Connecticut lawmakers are eyeing bonuses paid
to employees of investment banks and insurers that received funds from
the federal Troubled Asset Relief Program to raise cash to help small
businesses."
(Why not a federal 100% tax on such bonuses? It would be called
"repaying the debt"!)
MDU-Resources Group annual profit down for 2009!
"BISMARCK, N.D. - MDU Resources Group Inc. on Monday reported a drop
in profits for the second consecutive year due to lower oil and
natural gas prices."
Recession top factor in swelling budget deficits!
"WASHINGTON - As costly as President Barack Obama's proposals to
revive the economy are, they pale in comparison to the impact the
recession has had on the federal budget and its astonishingly huge
deficits."
Treasury Dept. projects $392B in 1Q borrowing!
"WASHINGTON - The Treasury Department says it expects to borrow $392
billion in the current quarter to help finance the largest annual
budget deficit in history."
(When are those widows, orphans, Arabs, and Chinese going to realize
that buying he securities of any organization that is in the deepest
debt in its history is not really the most "secure" thing to do?)
Interest rates rise as investors pull out of bonds!
"NEW YORK - Interest rates rose in the bond market Monday as investors
sold Treasurys following upbeat economic reports and a rebound in
stocks."
(They heard me already!)
Experiment takes aim at genetic learning disorder!
"WASHINGTON - A pill to ease a type of mental retardation? An
experiment is under way to develop one, aimed at a genetic disorder
that might unravel some of the mysteries of autism along the way."
(Good! There might be hope yet for some in this group!)
HUD eyeing $41.6B budget for 2011!
"LOS ANGELES - Housing and Urban Development Secretary Shaun Donovan
says the agency will be able to fund key needs despite what amounts to
a 5 percent cut in its slice of President Obama's proposed 2011
budget."
Time Warner CEO gets up to $3.25M annual pay raise!
"NEW YORK - Time Warner Inc. Chief Executive Jeffrey Bewkes is getting
a pay raise potentially worth an extra $3.25 million a year."Sa
(I wonder how long it's been since a bag boy here at Safeway got a
raise? I guess the last time they raised the minimum wage!)
Calif. mine locks out 540 workers over contract!
"BORON, Calif. - An open-pit boron mine in California has locked out
about 540 workers in a contract dispute."
(I wonder how much of a pay cut they're negotiating over?)
Crescent Resources submits reorganization plan [Atlanta]
Crescent eyes Chapter 11 exit in 2Q [Charlotte]
Report: Movie Gallery weighs liquidation [Portland]
R.H. Donnelley exits Chapter 11 as Dex One Corp. [Raleigh/Durham]
Heck of a deal: $6.6M house sells for $3.5M (Owner in Chapter 11)
[Minneapolis / St. Paul]
Trilogy Development wants West Edge claims vetted: Debts could exceed
sale price for building [Kansas City]
Bank of America: Strip Corbin Park of bankruptcy protections [Kansas
City]
Pres. Seeks $1.9 Billion Tax Increase on Rich, Business
Construction Spending Plunged Record 12.4% in 2009
Central Metals Inc - Chapter 11
States Seeking to Ban Mandatory Health Insurance
"JEFFERSON CITY, Mo. (AP) -- Although President Barack Obama's push
for a health care overhaul has stalled, conservative lawmakers in more
than two-thirds of the states are forging ahead with constitutional
amendments to ban government health insurance mandates. The proposals
would assert a state-based right for people to pay medical bills from
their own pocketbooks and prohibit penalties against those who refuse
to carry health insurance.
In many states, the proposals began as a backlash to Democratic health
care plans pending in Congress. But instead of backing away after a
Massachusetts election gave Senate Republicans the filibuster power to
halt the health care legislation, many state lawmakers are ramping up
their efforts with new enthusiasm."
(States Rights to the rescue, Jeff! Wave that confederate flag!)
Closing:
Update: Arizona Closing 11 Motor Vehicle Offices Next Week
Update: Beckman Coulter to Close Webster Facility Texas Around Oct. 10
- 19 Layoffs in next Few Months
Wooden Horse Antiques in Madison New Jersey
JCPenny's Timmerman Plaza Outlet Store - Dec 4, 2010
The Chocolate Forest in Cape Coral FL
FujiFilms Closing Terrell Facility - 100 Layoffs
Bella's Restaurant Cape St. Claire Maryland
Cafe Cork & Canape in Wichita Kansas
Gibraltar Industries Plant in Cheektowaga to close - No Date Set
Royton Express ( International )
Little House Fashions in La Porte Indiana
Moraine Park Technical College closing of its Tiny Tech day care
center May 21
3 - Warren County Michigan Libraries on List to Close by July 1
Sebago Pacific Trucking in Naples Maine
Simply deVine
Braddock Hospital in Braddock Pa
West Builders Supply in McCombs Miss. - 15 Jobs Lost in March
Layoffs:
PNC Financial Cleveland - 58
Wyndham Vacation Ownership - Margate Facility Plan 83 Job Cuts on
April 2
Renewable Energy Group Inc - Tax Credit Lapse = 21 Layoffs So Far,
More Job/ Pay Cut Coming
Florida Blood Centers - 42
Update: Lincoln County Sheriff - 6 Job Cuts , and Pay Cuts Coming
Update: CBS - 100 Layoffs Predicted this Week
Valley Health System - Pending Sale may = Layoffs
Sun Microsystems - 197 in March/April in Colorado
Update: Tulsa Oklahoma - 147 Firefighters either Pay Cuts or Layoffs,
Announcement Soon
Mayor McGinn Seattle - Recommends Halting Job Cuts Temporary
Double-A
Gro...@jeffrelf.f-m.fm
I make 500 dollars per month.
The Self·Employmnet tax* is HIGHLY REGRESSIVE...
...it could make me HOME·LESS !
*: a type of income·tax, for Social Security and Medicare
Obama quintupled ( 5x ) the price of rolling tobacco last April;
another hyper·regressive tax.
Regressive Taxation and income·tracking are the heart·and·soul of
Obama's health·care efforts... fill out those forms, everybody !
On the bright side, slacking off pays* better than it used to.
*: Social Security income, Medicaid and Medicare
Double-A
> I make 500 dollars per month.
>
> The Self·Employmnet tax* is HIGHLY REGRESSIVE...
> ...it could make me HOME·LESS !
> *: a type of income·tax, for Social Security and Medicare
Yeah. I used to pay it. Now I'm homeless!
> Obama quintupled ( 5x ) the price of rolling tobacco last April;
> another hyper·regressive tax.
They would like to outlaw tabacco, but they can't. Goverments are too
addicted to the tabacco tax!
> Regressive Taxation and income·tracking are the heart·and·soul of
> Obama's health·care efforts... fill out those forms, everybody !
Yep. Tax that middle class!
> On the bright side, slacking off pays* better than it used to.
> *: Social Security income, Medicaid and Medicare
Why won't anyone take my proposal seriously to tax the assets of the
rich? That way they will have to pay a tax proportional to their
wealth! As it is now the wealthy often find ways to avoid income tax
altogether, but the middle class are kept down by it. Some other
countries have a tax on assets. Of course, the fact that the wealthy
will stop at nothing to keep such a tax from being imposed might have
something to do with the fact no one will even discuss it.
Double-A