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Posted on 11/08/2012 10:08:08 AM PST by ScottinVA
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Your not kidding.
|Company||# Laid off||Running total||Sector|
|Career Education Corp||900||8929||Education|
|West Ridge Mine||102||10011||Energy|
|Brake Parts LLC||75||10438||Automotive|
|Associated Milk Producers Inc||130||10568||Agriculture|
|Murray Energy Corporation||48||10616||Energy|
|Momentive Performance Materials||150||11416||Chemicals|
|Umatilla Chemical Depot||34||11450||Defense|
I will continue to track these layoffs that were clearly planned before the election but held until afterwords and add those companies to my permanent boycott list. Note: I buy several hundred dollars worth of batteries annually in case of emergency, and on Thanksgiving weekend I replace them and donate the year-old batteries to local children's hospitals to power toys for the kids in recovery. This year's purchase will not be Energizer. I'm also dropping my Cigna medical insurance for the same reason and switching to another carrier (new carrier to be decided in the next week or so).
“Meanwhile, as of 1:33 EST, the dow is now at -87.53.”
I no longer see the DOW as tied to the well-being of America’s economy; with today’s gloablization, a rising DOW is simply indicative of a rise in Red China and India. The average American has no direct link to many of our indices anymore; the most critical ones that still have relevance are unemployment and inflation (the real inflation, not the BS peddled to the public to suppress cost-of-living adjustments for retirees).
Why are the “cost-of-living” adjustments so low for retirees but so high for public school teachers when it is time to review annual increases?
“Like Obama getting 99% of the vote totals in those Philly precincts”
Obama’s a newbie; I recall Gore getting 105% there (seriously).
Vermont has been in tough straights for decades (like much of the rust belt); beautiful place to visit, but it seems to be a tough place to make a go of it.
Has the Champlain shoreline recovered from Irene yet? I know they had a lot of damage.
Brilliant. Keyword Added and to all like threads. If you make a ping list, I'm at the top.
I've never had so much fun shorting a stock in my life. Competitors had no barriers to entry, and the scale was/is transparently easy.
I actually volunteered for a layoff a few weeks ago as the writing is on the wall. After 31 years, I’m ready financially as well as mentally. It will help save 2 co-workers as well, as they will split my workload. They’ve been my friends for 30 years.
I’m also in defense.
It was more the center and eastern part of the state that took the brunt of Irene (we barely even got any rain in the Burlington area) but they have largely recovered. I wish I could say the political culture here recovered as well.
Vermont has been in tough straights for decades
The state is so hostile to business that I doubt any out of state companies would ever build a plant here now. I work for IBM and the state has dumped on them for years. IBM built their newest fab in NY because they could break ground there in 9 months. Vermont officials hinted that it would take about a decade for the permits. IBM has been pushing for a bypass road in the area for 30 years.
< / rant>
I had family up there on the Champlain Islands during Irene; they said there was a lot of flooding. I was in Burlington this past summer, and didn’t see much effect.
A friend who lives up there describes Vermont as a state where the residents want the other 49 states to subsidize them as one giant park. It is a shame, because they used to have real industry up there; as I understand it part of the decline in fortunes came when railroads replaced the lakes/canals as the main transporter of goods.
Bookmarked for later reference...
The interesting thing is that the CNBC article points out that going over the "fiscal cliff", given current conditions, would initiate a recession. But then they go on to say that the tax increases and spending cuts needed to avoid sequestration would also trigger a recession. One might think the latter might not be as bad, but IMO other factors are at work, and it could be just as bad. The CNBC article even seems to hint at that.
Basically, we are screwed either way -- no news to Freepers, and not even "new news" to CNBC -- but CNBC would of course never release such an article just before the election.
I’m not sure why the link won’t hyperlink. I checked the list of restricted sites B4 I posted. Did I miss something? But the link works if I copy / paste it into my browser(s).