Use access key #2 to skip to page content.

alstry (35.36)

11.10.9...America Going Bankrupt????

Recs

9

November 08, 2009 – Comments (3)

In the western half of Wisconsin, there were about 7,000 filings for all of last year. This year there were almost that many as of last month.

A Clerk of Courts for the Western District of the U.S. Bankruptcy Court says the increase is probably due to an increase in job losses combined with health issues.

The clerk says more people over 60 are filing for bankruptcy, especially those who are trying to pay medical expenses on fixed incomes.

NONE OF THIS WAS HARD TO SEE............

At The Salvation Army's homeless shelter on Front Street NE in Salem, the shelter's staff see concrete examples of how layoffs and underemployment turn to desperation. The shelter routinely turns away about four families per week because of lack of room. Requests for food boxes have increased.

"In this kind of job market, you have people with college degrees who are looking for janitorial work. It's hard to compete," said Dan Reichman, the shelter's chaplain. People living at the shelter take work wherever they can find it, but it's often short-term or seasonal employment, he said.

WITH MILLIONS OF JOBS MIGRATING FROM HIGHER PAYING MANUFACTURING, CONSTRUCTION AND IT TO LOWER PAYING WALMART, RETAIL/RESTAURANT, AND HOME HEALTH CARE....IT IS BECOMING HARDER AND HARDER OT MAKE ENDS MEET.

Kathleen McCarty, 54, a Keizer resident who was laid off in August, doesn't need a government report to know how dismal the job market has become.

"The stuff that is out there, the thing is, it's not going to keep a roof over my head," McCarty said. For six years, she had worked at manufacturing plant in Stayton that made wooden joists for commercial and residential construction. She operated a type of specialized saw.

WITH A FUNCTIONAL UNEMPLOYMENT RATE OVER 20%.....IT MAKES SENSE THAT INCOME TAX RECEIPTS ARE DOWN OVER 20%.  NOW THAT WE FACE THE GOVERNMENT CRASH AHEAD, THE BIG ISSUE IS HOW MANY JOBS WILL BE CUT AND BUSINESSES SHUT DOWN NOW THAT THE BIGGEST CONSUMER IN THE WORLD IS WATCHING ITS INCOME EVAPORATE?????

Ohio - Layoffs Force City Jail to Close

City of Palatine - Layoffs to Balance Budget?

Central Moloney Inc - 50

Alvord Unified School District - Layoffs Coming?

Update: Lewis County - 27 Layoffs Possible

Holyoke Soldiers Home - 10

Topeka Unified School District 501 - Layoffs Very Possible

Update: Chippewa County - 6 or 7 Layoffs

Shorewood Packaging Corporation - 33

Laguna Honda & San Francisco General Hospital - 600 Layoff Notices

American Red Cross in Connecticut - 22

City of San Jose - 43

A&E TV - 100

Colville Indian Precision Pine Closing Omak Mill

Family Support Systems Unlimited Inc - 92 Layoffs

Myoptix Fashion Eyewear

Update: Cheswick Theatre on Pittsburgh Street

The Inside and Out Playground in Waterville 

Aber’s Hallmark on Baltimore Street

Carhartt to close Glasgow Facility 

Clemons Inc. of Newton

Paper Lily Closing

Elder-Beerman Salem Furniture Gallery in Trotwood Ohio

Update: GM plans to Close Solar Plant in Delaware

Maple Lane Youth Prison at Grand Mound Possibly closing

Genmab to Sell US Plant, 300 Jobs Cut Across the Business

Vlana Vlee store at the Pinehurst Square

Miramx closing NYC Offices

Kmart in Jeffersonville Closing After Holidays

Dingbats Restaurant Closing at the Galleria

Age of Aquariums in Goshen

Conway Bus Plant ( International ) Closing - 477 Layoffs?

Scranton Ford

Update: Paradise Sushi Bar in North Myrtle Beach

Crane & Co. Closing North Adams Plant

Saturn of Flint

Aurora Pharmacy located in Sentry Foods

3 Comments – Post Your Own

#1) On November 08, 2009 at 5:26 AM, alstry (35.36) wrote:

JAILS AND JOBS SHUTTING DOWN....THE GOVERNMENT CRASH IS JUST BEGINNING.....

LORAIN — Among the 36 city workers who received layoff notices yesterday are the three correctional officers who keep the city's jail open.

Now, after the city spent more than $300,000 to renovate the jail and reopen it in May 2008, it will close, another consequence of the city's dire financial predicament. Mayor Anthony Krasienko met with city employees, dispatchers and correctional officers who received layoff notices to deliver the bad news.

AND....

TROY – Sheriff Charles Cox will close the Miami County Incarceration Facility at year’s end, cutting another 28 corrections officer jobs and idling 240 jail beds.

The decision to close the facility resulted from a third round of cuts this year to meet a combined 12-percent reduction in budgets from 2009 to 2010 by the county commissioners.

“You’re either going to have to layoff a lot of deputies or, another option, is closing the incarceration facility,” Cox said in October as he looked at ways to cut his $10 million-a-year budget.

Before cuts began, the sheriff’s department had 135 employees including 53 sworn officers.

In May, Cox laid off five correction officers followed by another 10 in September. In addition, five positions were vacant at the time of the first layoffs.

Those steps resulted in closing of two of the pods at the 10-year-old incarceration facility on County Road 25A between Troy and Piqua.

The building houses non-violent offenders and prisoners under contract from other jails and the federal marshal’s service. Use declined as other counties battled budget woes and did not send as many inmates. The county jail housed with the sheriff’s office in downtown Troy holds 110.

County elected officials and department heads met again Thursday, Nov. 5, with commission Chairman John “Bud” O’Brien to discuss how to implement the 12-percent budget cut.  Pay cuts, furloughs and layoffs have been among options discussed by officials who earlier were given information on various implications of a cost-saving measure such as unemployment payments required for those laid off.

Sales tax income for the county has consistently been down from a year ago in month-by-month comparisons and income from investments has dropped.

Revenues to the general fund from those two sources this year is down nearly $1 million from the same period in 2008, the commissioners were told in late October.

 

Report this comment
#2) On November 08, 2009 at 8:55 AM, alstry (35.36) wrote:

NOT JUST AMERICA.....

More people than ever before were declared insolvent in England and Wales during the third quarter of the year. Figures released by the Insolvency Service yesterday reveal that there were 35,242 personal insolvencies over the three months to the end of September, up by 28 per cent on the same period of 2008 ...

Report this comment
#3) On November 08, 2009 at 9:27 AM, BMFPitt (74.15) wrote:

We've been insolvent for a while, but we're OK as long as people keep taking our currency hot off the presses.

Report this comment

Featured Broker Partners


Advertisement