U.S. central bank going negative? Insurance wants martial law enforcement of ObamaCare! : U.S. Job Losses & Closings 02 February 2016

Incomplete list of job loss announcements and shutdowns.

British empire based British Petroleum (BP, formerly known as Anglo-Iranian Oil) boosting its January layoff announcement by another 3-thousand! Last month it said it would eliminate at least 4-thousand jobs around the world, now it’s 7-thousand jobs gone by the end of 2017, including within the U.S.  Low oil prices and lawsuit settlements caused BP to lose $5.2-billion USD in 2015 (its biggest loss ever).

Alabama: Birmingham based Regions Bank (aka Regions Financial Corporation) announced it will eliminate 260 jobs across several states!  The layoffs will take place by the end of March.

California: In Los Angeles, t-shirt shop Johnny Cupcakes shutting down by the end of April.  News reports say despite being popular sales weren’t high enough to justify the “overpriced lease”.  In Oakland, Outer Harbor Terminal now chapter 11 bankrupt busted. It’s the result of a major client shifting to other port operations along the U.S. west coast.

Connecticut: Hartford based health insurance giant Aetna is now accusing the federal government of not enforcing ObamaCare with martial law, saying current enforcement is “not sufficient”!  Greedy Aetna administrators blame low ObamaCare participation rates for their loss of revenues.

Florida: In Bradenton, after almost five years Tarpon Pointe Grill & Tiki Bar shutting down by the end of the month, because of an evil landlord: “Our landlord has chosen not to renew our lease. Why? He states we are not successful. We have always paid our rent and a percentage of our sales to him on time, which has equated to almost $1.1 million in five years, and our initial investment of over $800,000 to build Tarpon Pointe.”-Facebook posting

Illinois: Eastern Illinois University quietly issuing layoff notices to non-instructional staff (latest reports say as many as 2-hundred!).  It’s blamed on the state ‘lawmakers’ failing to come up with a budget. The layoffs will start in March, university administrators say the state owes them at least $40-million USD.  Chicago Public Schools (CPS) warning of even more layoffs after the teacher union rejected their latest offer.  The Failed State system CPS claims it is lacking $500-million for its latest budget, but they’re actually $1-billion ‘in the hole’, structurally!  In Carbondale, after 32 years The Great Outdoors clothing store shutting down, the owner said his retirement is an “economic decision”.  Local news media revealed that three other Carbondale/Route 13 area businesses shutdown in January; KFC (Kentucky Fried Chicken), Show Me’s Restaurant and Advanced Auto Parts.  In Galesburg, after 21 years Casey’s Party Creations shutting down in March.

Kansas: In Wichita, payday loan shark Speedy Cash laid off 50 people at its HQ and call center.  Administrators blame a ‘slow’ federal tax return season.  However, Speedy Cash also shutdown ten offices in the British empire country of United Kingdom (can’t blame U.S. tax refunds on that).

Louisiana: In Lafayette, the Winn-Dixie grocery store, on Ambassador Caffery Parkway, shutting down.  61 jobs lost by March.

Michigan: Midland based Dow Chemical revealed it eliminated 1-thousand 2-hundred jobs and will eliminate another 1-thousand jobs, for a total of 2-thousand 2-hundred!  Administrators say they need to cut $300-million USD in costs this year.

Mississippi:  Chapter 11 bankrupt busted (for the second time in nine years) Baldwyn based Hancock Fabrics shutting down/liquidating at least 70 stores across the U.S.  

New York:  In Brooklyn, after seven years the owners of Bark Hot Dogs shutting down their Park Slope eatery this weekend, saying “…economics just weren’t working out.”  NYC based music event promoter SFX Entertainment now chapter 11 bankrupt busted after only two years on the NASDAQ.  In Yonkers, Sterling National Bank eliminating ten jobs by June.

Oklahoma: Non-profit Sayre Memorial Hospital shutdown without warning, due to “continual financial strain” caused by declining Medicare reimbursements, and the crashing-n-burning of the local economy.

Oregon: In Portland, California based logistics company UTi Worldwide issued a WARN, 41 jobs lost by the end of March.  After 36 years Sewick’s Dive Bar shutting down, to be replaced by a 46 unit apartment building.

Pennsylvania: Pittsburgh based Horsehead Holding now chapter 11 bankrupt busted.  Administrators blame the low prices of zinc, however it also sounds like financial incompetence as the bankruptcy attorneys could only guess that the company had between 1-thousand and 5-thousand creditors!

Virginia: In Fredericksburg, after 27 years The Cat’s Closet shutting down in late Spring. The family owners will rent out the building to somebody else.   Huntington Ingalls Industries eliminating 738 jobs at the crashing-n-burning Newport News shipyards!  It’s blamed on the completion of construction of new USN aircraft carriers, and reduced taxpayer spending by the federal government.  In Richmond, God refuses to get involved with the scandal with ‘his’ Southern Baptist Convention International Mission Board (IMB).  The so called Christian organization began laying off employees without warning, drawing criticism from fellow Baptists: “Unexplainably, IMB planned no announcement about eliminating its entire communications department. Nothing was to be said about jettisoning about 10 percent of its staff or about how IMB would tell its missions stories going forward.”-Bob Terry, editor The Alabama Baptist

Washington DC: The Federal Reserve Bank about to go the way of Japan and officially charge negative interests rates.  Essentially Too Big to Jail banks would actually be paid to ‘borrow’ money from The Fed.

Wisconsin: Sussex based Quad Graphics announced it will shutdown two printing ops, one in Pennsylvania and one in Kansas.  The newspaper insert shutdown in Pennsylvania will cost 150 jobs, that’s on top of 4-hundred Pennsylvania Quad Graphics jobs lost at the beginning of January!  About 1-hundred jobs lost in Kansas!

WARN=Worker Adjustment & Retraining Notification

Former employees who receive severance are not counted as unemployed

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.”