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alstry (35.61)

Savings Drying Up....America Shutting Down

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February 20, 2010 – Comments (2)

Nevada State College Faces Possible Shutdown

HENDERSON -- Nearly 3,000 college students may lose their course credits if state lawmakers go forward with the idea of closing Nevada State College.

Nevada State College student Sean McDonald confronts Nevada Assembly Speaker Barbara Buckley in a hallway. Not only is his college in danger of shutting down due to budget cuts, he's about to lose his job at the adult day care center, yet another target of Nevada's lawmakers.

http://www.lasvegasnow.com/Global/story.asp?S=12008480

Universities, Schools, Hospitals......when there is no money, there is no money as many Fools focus on the ticker and don't dig beyond the manipulated reported numbers.

How hard is it to earn a profit for a public homebuilder if the government writes them a check for a couple hundred million dollars for extended NOL carryforwards?  How hard is it to sell computers when the government is directly or indirectly buying most of your products running a massive deficit?

It is not the end of the world...simply the end of an age as we know it.  Now the question is how  will we move into the digital age as we shut down the industiral age ??????????????????????????????????????????????????

2 Comments – Post Your Own

#1) On February 20, 2010 at 8:30 AM, alstry (35.61) wrote:

U.S. cities threatened by bankruptcy

But it is not just America.......

Greece set for critical test with bond issue...

Fuel shortage hits as strikes grow...

If we don't prepare....this will happen here.

Seeking Alpha (and Business Insider) report:

Seen on a recent Citibank (C) statement: "Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change."

From KDenninger's Market Ticker.

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#2) On February 20, 2010 at 8:45 AM, alstry (35.61) wrote:

WHEN THE MONEY RUNS OUT....PEOPLE GET STRESSED

Germany's powerful trade unions are flexing their muscles, pressing for wage increases and job guarantees just as Europe's biggest economy struggles to emerge from its worst post-war recession.

Pilots at Lufthansa, Europe's biggest airline by sales, voted on Wednesday to stage next week what is being billed as one of the most severe strikes in Germany in recent years.

Meanwhile, about 300 easyJet airline cabin crew walked off the job on Thursday morning at Berlin's Schoenefeld airport, causing the cancellation of seven flights.

But it is in the public sector that Germany's unions are making themselves heard the most, with about 120,000 workers across the country stopping work in early February in what unions called "warning strikes."

The industrial action kept buses in their depots, flights grounded, kindergartens closed and rubbish uncollected across Germany, Europe's top economy. 
From Mish's Blog

AND NOW AMERICA IS SHUTTING DOWN RAPIDLY.....

Sallie Mae - 700 Jobs at Risk

GE - Reduced its Workforce in 2009 by 6% or 19,000

Jewel Osco Chicago Supermarket - 110

Indiana University - 100

Highmark Inc - Reducing 300 Jobs

The Hard Rock Café in downtown Sacramento

Update: The DeKalb County School System in Georgia Plans 12+ Schools to Close

Detroit and Kansas City scheduled to close half the public schools...expect half of all public schools to close around America in the next 24 months.....and many private ones too.

St. Bernard's High School and Holy Childhood School in St Paul Minnesota 

Sears Closing 8 Stores 

Boeing - 1,020 Layoff Notices

 

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