What housing market recovery? “The supply of existing homes for sale is incredibly short, and while builders are starting to construct more homes than they did a year ago, they are still producing well below normal volumes…..
…..More than 60 percent of builders surveyed in May reported that the overall supply of developed lots…..was low to very low, according to the National Association of Home Builders (NAHB). That is the highest percentage since the builders began asking the question back in 1997.”-NBR, Why aren’t more homes being built?
Four Too Big to Jail mortgage stealers are having their home loan ops restricted by the Office of the Comptroller of the Currency. This because JPMorgan, Wells Fargo, Santander, HSBC, US Bank and EverBank failed to comply with a 2011 consent order in which they promised they would stop their fraudulent robo-home foreclosure practices.
Incomplete list of publicly announced layoffs & shutdowns:
God refuses to stop ObamaCare from forcing ‘his’ multi-state non-profit Mercy Health System to eliminate at least 350 jobs! The layoffs will take place in the states of Missouri, Kansas, Oklahoma, Arkansas, Louisiana, Mississippi and Texas: “Mercy faces increasing challenges to our reimbursement structure as we adjust to reductions mandated by the Affordable Care Act and other budget cuts, as well as the lack of Medicaid expansion in most of our states.”-official statement
Alaska: What automotive & construction industry recovery? Johnson’s Tire Service now chapter 11 bankrupt busted. It’s blamed on a lawsuit filed by a construction contractor.
California: In San Francisco, Starbucks announced it is shutting down its recently acquired La Boulange bakery operations, which includes 23 stores! Starbucks also announced it will shutdown its San Francisco Evolution Fresh juice store.
Connecticut: ObamaCare forcing Yale-New Haven Health System to shutdown their East Haven and Branford clinics, through taxpayer funding cuts. 31 jobs lost. ObamaCare forcing Hartford HealthCare to eliminate 355 full-time jobs, along with part-time jobs, at two of its hospitals; Backus and Windham. Hartford laid off 350 healthcare workers in 2014: “Despite our best efforts to reduce costs and increase revenues this year, Hartford HealthCare faces additional Medicaid cuts, bringing our total Medicaid payment reductions from the State of Connecticut to more than $100-million over five years. The magnitude of these cuts makes our model unsustainable going forward.”-Jeffrey Flaks
Florida: After 40 years, Wet n Wild Orlando amusement park shutting down by the end of 2016. It’s being replaced with a ‘volcano park’.
Idaho: The Boise Co-Op grocery store shutdown after 30 people tested positive for salmonella after eating food from the store’s delicatessen. Cash strapped School District 93 taxpayers voted down the latest school bond, again! The bond issue was put to voters a second time after it was voted down the first time. On top of that district administrators called for a recount this time, the recount actually resulted in more votes against the bond issue! You can’t squeeze blood from a turnip!
Illinois: For the first time since 1970, Oak Brook based McDonald’s will shutdown more U.S. restaurants than it plans to open. Fast food administrators refused to go into details. What housing market recovery? Riverwoods based credit card company Discover announced it is getting out of the home loan business, 460 jobs lost! Their mortgage business is being transfered to AmeriSave Mortgage in August. In Jacksonville, after 40 years the maker of trusses for building construction, ALCO White, shutting down in July. What automotive industry recovery? Heavy vehicle maker Caterpillar laid off another 120 people, this time at their East Peoria factory! It’s blamed on the crashing mining industry.
Indiana: Proof the economy is only getting worse; Lafayette Transitional Housing Center shutting down their meal service. Operators say they are “overcrowded” and have decided to focus their service only on providing a place to live for people who’re homeless. Operators say they are working to find a charity who can take over their meal service. Over the past few years Lafayette Transitional Housing Center has become the largest food provider in a 16-county region!
Iowa: In Valley Junction, after 32 years Elinor’s Wood’n Wares shutdown. God refuses to stop ObamaCare from shutting down ‘his’ Quakerdale residential treatment programs. Administrators say since ObamaCare went into effect referrals have crashed and state funding has dried up. In Cedar Rapids, Smuggler’s Warf Big Bam Boo Bar shutdown. The owner blames crashing business for causing him to lose his booze license and for preventing him from paying rent, plus health problems: “I am 60 years old, got some health issues, and couldn’t take it anymore.”-Al Zindrick
Kansas: In Topeka, after more than 40 years the owners of Grover’s Smokehouse announced they must shutdown in July, due to the landlord kicking them out. It sounds like the property has been sold to some evil property developers.
Maine: God refuses to stop ObamaCare from pushing ‘his’ Parkview Adventist Medical Center into chapter 11 bankruptcy. They plan to merge with Mid Coast Health Services, 180 jobs affected!
Maryland: After more than 40 years The Gazette newspaper shutdown. US Foods shutting down its Anne Arundel County distribution warehouse, 350 jobs lost! Because of the bad economy US Foods is consolidating ops “serving the Washington DC metropolitan area”.
Massachusetts: In New Bedford, the Horatio A. Kempton Elementary School being shutdown. Administrators are hoping that by shutting down a school they won’t have to eliminate jobs. In Springfield, non-profit New England Farm Workers Council laid off 40 people due to loss of state taxpayer funding.
Minnesota: Retailer Target eliminated an additional 190 jobs at their Minneapolis HQ! It’s all part of their bigger plan to eliminate thousands of U.S. jobs this year.
New Hampshire: Tri-County Community Action Program shutting down five of its eight walk-in offices. The program helps people pay for home heating.
New Jersey: British empire based United Kingdom drugs maker GlaxoSmithKline issued a WARN saying 350 people at its Parsippany operations will be laid off! The Paterson School District eliminating 3-hundred teachers in an effort to eliminate $20-million in costs! The teacher’s union blames gov’na Chris Christie: “I don’t see anybody overwhelming the governor’s veto. I don’t know why they’re afraid of him?”-Peter Tirri, Paterson Teacher’s Union
New York: In NYC, the publisher of Rolling Stone, Us Weekly and Men’s Journal, Wenner Media, laid off an undisclosed number of employees. Also, reports from union reps say the Wall Street Journal laid off less than 30 people. In Canandaigua, news reports say Wade’s Market Center will shutdown, 133 grocery jobs lost! The property was sold-off without warning. Local residents say they will now have to drive 20 miles to shop for food. Earthlink issued a shutdown WARN for their Amherst call center, 65 jobs lost by the end of the year.
Ohio: Rumors have been confirmed, Haverhill Chemicals in Franklin Furnace shutting down within 60 days, 175 jobs lost! Company administrators claim that despite three years and millions of dollars spent to improve the factory it is still not economically sustainable. In Coshocton, the Cheez-Kake Bake Shop shutdown. The owner is selling his assets and moving to Florida.
Oregon: More revelations about California based computer chip maker Intel, and the massive job destruction about to hit The Beaver State; the county of Washington gave Intel a record setting $2-billion in tax breaks! But wait there’s more! None of those tax breaks were connected to creating jobs! All that was required was that Intel keep the vague promise of maintaining economic security. News reports say there are 18-thousand Intel workers in Washington County, and Intel plans on cutting $300-million in operating costs, which will include cutting jobs. Analysts are reporting that Intel is already pushing employees to voluntarily quit. After 43 years the Grande Ronde Child Center shutting down. It’s blamed on the loss of a contract with Greater Oregon Behavioral Health. State mental health administrators blame ObamaCare: “The services currently being offered by GRCC are not in line with the direction health care reform is going.”-Henry O’Keefe, Greater Oregon Behavioral Health
Pennsylvania: In Lower Township, the Mount Hill Tavern shutdown and up for sale. The owners implied it was too much work for what they got in return. Pittsburgh Filmmakers/Pittsburgh Center for the Arts laid off 18 people.
Rhode Island: Cash strapped Coventry taxpayers have spoken, and voted not to increase taxes to prevent the collapse of the financially broke Coventry Fire District. You can’t squeeze blood from a turnip!
Texas: School bus contractor Gold Star will shutdown in Manor, eliminating 69 jobs. The Manor Independent School District realized it’s actually cheaper to run their own school bus system. Gary Shelton, the owner of the Sack & Save grocery store on Interstate 35E, says “We stuck it out as long as we could, but there’s not a light at the end of the tunnel anymore.” Sack & Save will shutdown on 27 June, due to the landlord owner selling property to the University of North Texas for $6.25-million (almost three times the appraised value!).
Vermont: Cash strapped Concord taxpayers voted to shutdown their high school. High school students will now travel to other districts. You can’t squeeze blood from a turnip!
Virginia: Tax-sucker Northrop Grumman laid off 51 state employees. The military contractor was hired to take over the multi-billion-dollar Virginia Information Technologies Agency. Not all state employees elected to transfer to Northrop Grumman. Florida based Home Shopping Network shutting down their Roanoke County operations and moving it to Tennessee. The county will lose 350 jobs by April 2016!
Washington: In Seattle, after 39 years restaurant Charlie’s shutting down by this weekend. The owners have been trying to sell it since 2010. What was that about ObamaCare increasing access to healthcare? In Castle Rock, Peace Health shutting down their clinic by the end of September. 1-thousand 6-hundred primary and pediatric care patients affected! Customers are being told they will have to travel to Longview for services.
Washington DC: The U.S. Army/Defense Manpower Data Center revealed that in the past 12 months 26,425 Regular Army personnel have been laid off, and another 2-thousand jobs will be eliminated by September!
West Virginia: What housing market recovery? The new owners of the 120 years old (surviving the Great deflationary Depression and numerous recessions) Duncan Box & Lumber gave up and are shutting it down.
Wisconsin: Kodiak Jack’s Steak and Seafood Restaurant bankrupt busted and being evicted!
15 – 16 June 2015: “insurmountable financial challenges”
WARN=Worker Adjustment & Retraining Notification
The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”