Reader’s Digest bankrupt. RDA Holding, the company that owns the little magazine, blames the bankruptcy on lost sales due to internet media.
YMCA in South Brunswick, New Jersey, bankrupt: “Like so many businesses and organizations in our area, the South Brunswick Family YMCA has been adversely affected by the economic recession.”
In Virginia, Arlington County is warning that they could layoff 20 county employees. They blame a $50 million USD budget shortfall.
In Washington DC, Ray’s Hell-Burger and Ray’s Hell-Burger Too restaurants closed down. This is the joint where President Obama had a photo op in. The restaurants were closed for failing to pay rent. The Restaurant owner did not comment to media.
Granite City Elementary School, Illinois, shut down. The school was opened in 1928. The school district said the old building became too expensive to maintain.
Conotton Valley Union Local Schools District, Ohio, might have to shut down an elementary school. They say they’re $400000 in debt.
United Technologies to layoff 3000 more employees in 2013! United Technologies has already been selling off divisions. Their announcement did not specify the locations of the factory closings and layoffs. Company officials blame “…the demands of the prevailing market conditions.”
In Emmett, Idaho, the Emerald Forest Products lumber mill shut down without notice, and some reports said without paying employees final paychecks (I experienced that back in September 2012, when Metro Couriers went bust without notice, and no help from Idaho Job Service). According to signs on the company’s gate Emerald Forest Products was getting money from U.S. taxpayers ($4 million from the American Recovery and Reinvestment Act). Media reports did not explain why the mill closed, but gave the impression lumber mills in Idaho could only operate profitably with tax payer subsidies. (so much for Idaho being a Republican Right Wing Conservative state)
In San Diego, California, Pfizer shut down its CovX operation. 100 people out-o-work! Basically Pfizer decided the CovX operation wasn’t worth it.
In Georgia, Formal Elegance women’s clothing stores being closed in Columbus. The owner said “…I can no longer support the Columbus Consolidated Government with my tax dollars.” Also in Columbia County, three KFC restaurants closed down. The owner said “It was just impossible to make any money.” 75 employees lost their jobs. And in North Augusta, Al’s Family Restaurant shut down. The owner said “The economy bites the bullet on another one.”
In Liberty, New York, Liberty Lanes bowling alley shut down. The owners said they could no longer make the property tax payments because the local government keeps raising them even though the economy sucks.
In Wisconsin, after 90 years in business E.J. Salentine Buick dealer closed down in Muskego. The owners blamed GM on cancelling the production of Pontiacs, which was the dealer’s bread and butter brand. Apparently most people in their area don’t want Buicks. In Brookfield, Maroon Bells of Colorado closed down. Owners did not explain why. Planned Parenthood closes four clinics. The state ended taxpayer funding.
In Iowa, all Blockbuster video stores closed down!
The music store, Whyevernot, closed in Mystic, Connecticut. The owner retired.
In Texas, Fratelli’s Authentic Italian Cuisine Restaurant closed down. The owners said they were not able to renew their lease.
In Maryland, distributor of snacks, candy and tobacco products, Marley Neck, ending operations in Baltimore. 200 employees out-o-work! Company officials say they lost a major customer.