World War 3, U.S. Economic Front: Job losses & store closings 27-29 May 2013. Property owners strike again! California hit hard again!

In New York, Dance New Amsterdam bankrupt.  The people who operate the dance center had to enlist the help of politicians to get the bankruptcy through.  The center has been barley able to pay day to day operating expenses, due to the loss of decreased foundation funding and the loss of a major partner.   And the Albion Public Schools laid off 15 Albion High School teachers, paraprofessionals and administrators, basically the entire staff of the high school.  This after they decided to stop using teaching students and close an elementary school.

The 81 years old restaurant, Pals Cabin, in Wet Orange, New Jersey closed down.  Local news media had asked the owners if the restaurant was closing and the response, every time, was basically NO.  Turns out the owners discovered they can make more money “redeveloping the site”.

In California, after 30 years of business the Presto Magic store in Long Beach now out-o-business.  The store owner blames it on the property owner jacking up the rent.  Reports that a Jack in the Box fast food joint closed in Cathedral City.  In LA, Labcorp-National Genetics Institute laid off 45 employees.  In Rancho Cordova, PennySaver newspaper laid off 43 employees.  In San Jose, Cisco Systems laid off 182 people!  In San Mateo, reports that Mills Health Center will close its 4th floor Senior Health Services operations, 76 people unemployed. In San Diego, the Union Tribune laid off at least ten employees. The newspaper is restructuring.  In Sacramento, the 21 years old 4th Street Bar & Grille closed, the owner blames the bad economy: “…Unfortunately, for me I got the rug pulled out from under me and that is how it goes.”-Ron Fleming

Texas based Highway Technologies finally came out of the job layoff closet.  Company officials finally admitted they are bust and have laid off 740 of their 825 employees, countrywide!  The news was first reported a week ago by Montana news media, but Highway Technologies refused comment.  Montana was hit hard because the road construction company is a major employer in the sparsely populated state.  300 Montanans lost their jobs, with no warning!  Interestingly, Texas news media reported the company notified Texas officials days before the layoffs took place.  Somebodies lying!  In a long winded explanation company officials revealed they had been trying to sell the company off, and basically said their line of operating credit was frozen: The company had been working to obtain the necessary funding to continue operations and was actively pursuing other alternatives (including sales of assets) to avoid permanently closing its facilities. More specifically, the company anticipated a commitment to finance ongoing operations, as had occurred previously, and attempted to enter into an agreement to sell to a key competitor. Regrettably, the company’s best efforts were unsuccessful. Unforeseeably, financing was denied and the prospective purchaser was not willing to proceed with the sale…..”

In Dallas, Texas, 52 people lost their jobs with Diebold.  It’s part of the corporate realignment.

Chemtura Corp plans as many as 50 layoffs at their Middlebury, Pennsylvania, facility.  In 2007 the chemical company announced they would undergo massive restructuring.

In Michigan, Milan Board of Education will be voting on eliminating at least 12 positions.

In Brownsville, Oregon, the Central Linn Kidco Head Start shut down due to federal funding cuts.

The New Bedford School Department, in Massachusetts, laying off 250 people!  The school had been relying on $11 million USD in federal stimulus money, which expired.  In Lexington, Wild & Woolly yarn store closed after 34 years in business.  The store owner blames it on the property owner jacking up the rent.  In Worcester, Tortilla Sam’s Fresh Mex closed.  After 11 years of operations the owner decided the economy had gotten so bad that it was time to get out of the restaurant business.

In Florida, the Christian God can’t stop the closing of the Saint Mark school.  After 50 years of operations the Catholic school closed due to declining enrollment. And the lease is up on the Cheri Bloom Bridal and Formalwear, and the owner can’t afford to renew it. The sushi restaurant, Bond Street lounge, closed in the Townhouse Hotel, in South Beach. It’s being replaced with a pub.

Georgia based HeritageBank of the South closing its Sylacauga, Alabama, office.  Bank officials said the operating costs of the office were not justified by the revenues coming into the office.

Frank’s Shoe Repair closed down in Illinois.  The owner of the 98 years old store died.

The U.S. Department of Labor (DoL) doesn’t count the hundreds of layoffs involving less than 50 people each, in its mass layoff reports. It also doesn’t count all the little ‘mom & pop’ businesses that shut down.