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alstry (36.07)

Alstry Update

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March 17, 2010 – Comments (5)

I took my kids to the dentist, a higher end child practice, and asked the asssistants how is business expecting not much difference as the answer.  The response was shocking, it appears that a number of the patients' parents have stopped bringing  their kids in due to loss of a job or loss of dental insurance as businesses cut back.

Then I talked to a buddy of mine who is a retired former CEO of a public company and he indicated that a number of his executuve level friends, mainly in their fifties, are unemployed and home depressed with not much to do.

It is clear that the zombulator is affecting a greater and greater percentage of society, even highly qualified and educated, as people withhold paying their mortgages simply to keep retail sales flowing.

With government running out of money while borrowing $2 trillion dollars, it appears that we are soon going to become acutely conscious of our condition.....as Benny the B and Timmy the G talk about recovery.  Who couldn't live high on the hog if they were borrowing $2 trilllon per year?

You can only borrow as long as there is access to borrowing....once the borrowing ends, game over.

THE FUNNY PART IS MUCH OF AMERICA IS BEING OUTSOURCED AND AMERICANS DON'T EVEN KNOW IT.....

M&T Bank in Northwest Buffalo 

Queens NY - Warns of Possible 100 Senior Centers to Close

Equine Protection of North America

Freetown Elementary School in Jackson County Indiana 

Mecklenburg County plan 12 Library Branches Closing and 140 Job Cuts

West Corp. Closing Bryan Call Center - 260 Jobs Lost

Gateway Market in Northern Tulsa in Jeopardy of Closing

SunOpta Healthy Fruit Snacks Summerland Facility ( International ) 

Convergys Call Centers Jefferson and Osuna in northeast Albuquerque - 700 Jobs Lost

Lighting Creations in Orangeburg SC

Coca Cola is closing its Woodland distribution center

Update: Mattingly Foods - 80% of Workforce or 250

AAER Inc - 28 Temp Layoffs

Delaware - Coon's Budget Includes Layoffs

Siemens IT SIS Unit - 1,000

Update: Los Angeles Court System - 300, and Closing Some Court Rooms

Mecklenburg County NC - $20 Million in Cuts Could = 500+ Layoffs

Sonoma County Ca - Anticipates 87 Layoffs 

The Alton school District - 48

The City of Sheridan - 10

Oregon School District - 10

Well Fargo Sacramento - Merging Call Centers  = 415 Layoffs

5 Comments – Post Your Own

#1) On March 17, 2010 at 2:39 PM, alstry (36.07) wrote:

By the way....a totally objective way to measure how quickly America is being outsourced is to keep track of how quickly tax receipts are slowing......

right now, despite government borrowing $2 trillion dollars and spending like drunken sailors generating a huge amount of tax revenues from such spending, tax receipts are continuing to evaporate.......that should tell ya a thing or two.

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#2) On March 17, 2010 at 2:39 PM, TheClub55 (< 20) wrote:

Just went to my dentist yesterday, it was a rebooked appt and the only reason I got in was due to cacellation.  I asked about business as well and they are currelty booked solid for the next 3 months and my choice for the next follow-up in 6 months were very limited.

I agree that things are being glossed over by a ton of printed slips of paper, but one example does not make a trend.  

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#3) On March 17, 2010 at 2:44 PM, TheClub55 (< 20) wrote:

The 30 layoff listing you have make the trend... and that is the part that's sad.

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#4) On March 17, 2010 at 2:53 PM, alstry (36.07) wrote:

First of several job-creation bills clears congress

$17 Billion...that is less than Goldman's bonuses....as the outsourcing of America continues.

America is simply shutting down and going bankrupt yet we are told it is a recovery?????

Cloud of Bankruptcy Looms Over City of Los Angeles 

About 1 in 4 California Lack Health Insurance

Dozens Protest Albany NY-  YMCA Closing

Blockbuster Raises Chapter 11 as Possibility 

New Jersey Governor Proposes Steep Spending Cuts

Kitchen Gadgetry Customers Stew after Bankruptcy

 

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#5) On March 18, 2010 at 11:26 AM, jason2713 (< 20) wrote:

What I read the other day is that the gov't had everything ass backwards when buying up toxic debt.  They should have never bought that debt.  Instead, they should have kept floating the concervative "good" investments in housing to prop up the real estate markets.  I had never thought of it that way, but helping people with bad mortgages will ultimately lead to foreclosure anyways, and bringing down all those homes that are actually good loans.

Now I know the problem is how to classify a "good" loan when real estate prices are plummeting.  I would say its going to vary, but definitely won't be those homes bought at the height of the bubble and with people having no business buying such expensive homes.  That's the place to start.

 

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