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450,000 Businesses Shut Down in Italy; Constitutional Crisis in Spain
Townhall.com ^ | November 26, 2012 | Mike Shedlock

Posted on 11/26/2012 6:32:01 PM PST by Kaslin

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1 posted on 11/26/2012 6:32:05 PM PST by Kaslin
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To: Kaslin

Ummm.... What’s a Constitutional Crisis????

I’m so confused

I’m glad we don’t have that problem.


2 posted on 11/26/2012 6:35:10 PM PST by Safrguns
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To: Kaslin

There is a bit of chaos going on in Spain. You have some companies who are shutting down...with no real benefit packages for the employees....mostly because they are not full-up companies, with full status.

In Europe, you can create business operations with minimum capital...but you gain the status of a business without the ‘extras’ (significant cash to handle a bankruptcy, if it were to occur). This means that you just kinda shut down the operation without much warning, and the only plus-side for employees is the state-run unemployment insurance. Naturally, this angers employees because a full-status company would offer a severance package as you walk out the frontdoor.


3 posted on 11/26/2012 6:41:45 PM PST by pepsionice
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To: Kaslin; null and void

450,000 companies and 300,000 jobs?

series??

does that make any sense?


4 posted on 11/26/2012 6:45:05 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

Maybe some of the companies did not have employees, and only consisted of one incorporated business owner?


5 posted on 11/26/2012 6:48:46 PM PST by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: GeronL

If true its hugh.

I’m thinking that perhaps the number was 45,000 - or maybe - 4,500...


6 posted on 11/26/2012 6:52:22 PM PST by jonno (Having an opinion is not the same as having the answer...)
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To: GeronL

The numbers probably do not include business proprietors in the unemployed rolls when they shut their doors. For example, if my business closed it would not show up as a job loss. I’m a sole proprietor and do not collect unemplomnt so while I would in reality be jobless, I would not be included in the official jobless numbers.


7 posted on 11/26/2012 6:53:04 PM PST by piasa (Attitude adjustments offered here free of charge)
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To: GeronL

I’ve been able to document 483 companies that closed their doors since the election, with zero reported jobs lost.


8 posted on 11/26/2012 6:56:53 PM PST by null and void (The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.)
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To: null and void

That is weird...

“shelf” or “shell” companies?


9 posted on 11/26/2012 6:58:46 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

Names like Target, GameStop, Lone Star Steak House, St. Vincent de Paul Thrift Store, Kmart, Caterpillar Inc., All had plant/facility/store closures with no reported jobs lost.


10 posted on 11/26/2012 7:04:26 PM PST by null and void (The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.)
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To: Kaslin

And the Egyptian markets crashed 10% and all this resulted in only a 40 point loss on the DJIA.

Talk about a rigged casino.

Get out while you can, folks.


11 posted on 11/26/2012 7:04:42 PM PST by Ghost of Philip Marlowe (Prepare for survival.)
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To: null and void

Well, I guess they could transfer employees to other locations in some cases, maybe self-employed “contractors” were laid off and that wouldn’t count as their layoffs I guess.

Other than that, I have no idea.


12 posted on 11/26/2012 7:11:29 PM PST by GeronL (http://asspos.blogspot.com)
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To: Ghost of Philip Marlowe

Is there a relatively safe harbor for 401ks. I feel like I might as well get a big screen


13 posted on 11/26/2012 7:11:29 PM PST by MattinNJ (Col. West in 2016!!!!!!!!)
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To: exDemMom; jonno
Maybe some of the companies did not have employees, and only consisted of one incorporated business owner?

I guess that is possible

14 posted on 11/26/2012 7:12:56 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

Or they could be flat out lying.

Only the news the State wants reported gets reported, Citizen.


15 posted on 11/26/2012 7:14:09 PM PST by null and void (The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.)
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To: Kaslin

What do people expect? Perhaps they can borrow our Declaration of Independence from plunderers. We’re not reading it.


16 posted on 11/26/2012 7:14:09 PM PST by PGalt
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To: MattinNJ

How long do you think 401K’s will be safe?


17 posted on 11/26/2012 7:27:31 PM PST by GeronL (http://asspos.blogspot.com)
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To: Kaslin
It's good that nothing like that could happen here.

/johnny

18 posted on 11/26/2012 7:32:18 PM PST by JRandomFreeper (Gone Galt)
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To: GeronL

I don’t know. I think the GOP will cave and the markets will spring up for a month. Then doom will set in. Crying shame.


19 posted on 11/26/2012 7:39:12 PM PST by MattinNJ (Col. West in 2016!!!!!!!!)
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To: MattinNJ

You think the “deal” will fool people for a whole month??


20 posted on 11/26/2012 7:40:39 PM PST by GeronL (http://asspos.blogspot.com)
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