11.10.9...America Going Bankrupt????
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
RSS Headlines
Fool UK