R.T.M. <chow-chow> : May 29th-June 1st > 22nd edition ~ post Memorial Day

[Argent Dragon]

Faber: It's a Sure Thing — Global Recession Lies Ahead

The chance that the global economy falls into a recession stands at 100 percent, says Swiss money manager and Gloom, Boom and Doom editor Marc Faber. Global investors remain focused on Greece, where a messy exit from the eurozone could rattle the world economy. However, there are bigger threats lurking on the horizon to which the world is turning a blind eye. [Full Story]



Related Stories

• Dewey Files for Chapter 11 in Record US Law Firm Collapse
• Greek Exit Aftershocks Risk Reaching China as Growth Hurt
• Social Security Disability Fund Nearing Insolvency
• California State Workers Get Pay Bump Even as Brown Seeks Cuts
• Moody’s Relevance Questioned After Nordic Bank Downgrades
• Spain's Rajoy Backtracks on Bankia Bailout Plan

[Meetzos]

http://www.dailyjobcuts.com/

Layoffs
May 29 , 2012

Novant Health - 289 Mostly in Winston Salem, Charlotte NC

MaineGeneral Medical Center in Augusta, Maine - 47

Japan's Panasonic Corp - Early retirement and transfers to subsidiaries

Digital Chocolate - 180 Layoffs



Bankruptcy
May 29 , 2012

Law firm Dewey & Leboeuf LLP


Closing
May 29 , 2012

Avenue plus-size clothing stores in the Process of Closing 96 Stores

2 Ruby Tuesday Restaurants in Mobile AL

I Love Stained Glass Shoppe in CA

Forest Diner in Ellicott City MD

Ornamental Mouldings at the Marsland Drive facility

Social House in Victorville CA

The Book Gallery at Cool Springs Market in Franklin

Women Blessing Women Nonprofit

[Meetzos]

http://www.dailyjobcuts.com/

Layoffs
May 30 , 2012

Olympus - Up to 2,500 Layoffs Possible

Update: Pilgrim's Pride - up to 400 layoffs

DeKalb County Schools GA - Considers Furloughs, Layoffs

City of Dunedin FL - up to 5 Layoffs Likely

Gary Community School Corp. - 169 Layoff Notices

Humane Manufacturing Co. - 19

Mercedes-Benz ( Brazil ) - 1,500

Vantiv in Evansville - 24

Sesame Workshop - 12


Bankruptcy
May 30 , 2012

Lantern Partners LLC

Incredible Dave's - Chapter 11



Closing
May 30 , 2012

Transform Solar has announced it will close its production plant in Nampa and Offices in Boise ND - 250 Jobs Lost

Eagle Rock and Eagle Shop in Eagle Rock CA

Bob Evans Farms Inc to Close 2 Food Production Plants in Ohio

17 Veterans' Service Offices in Alabama

Port City Java in Salisbury NC

9 Farm Service Agency offices in Arkansas

Update: Bridals by Roma in Clifton NJ

Hostess Brands Inc Close its operations on 6325 San Fernando Road CA

The Dana Corp. manufacturing plant located in Longview Business Park Texas

[Argent Dragon]

Job Recovery Said to be Weakest for Those in Prime of Working Life

The jobs market for those in the prime of their professional lives is the worst it has been in more than 23 years, The Washington Post reports, citing federal data. The percentage of workers between the ages of 25 and 54 who have jobs stands at 75.7 percent, a percentage point higher than during the depths of the downturn, the newspaper finds, adding the figure falls well short of pre-recession levels of around 80 percent. [Full Story]



Related Stories

• EU Throws Spain Two Potential Lifelines
• Pending Sales of Existing Homes Tumble by Most in a Year
• Treasury 10-Year Yields Hit Record Low as US Stocks, Euro Fall
• Oil Headed for Biggest Drop Since 2008 on Slowing Global Demand
• Obama Signs Export-Import Bank Bill, Lifts ‘Cloud’ Over Business

[Meetzos]

http://www.dailyjobcuts.com/

Layoffs
May 31 , 2012

Quad/Graphics Dubuque operation - 24

United - plans to cut 1,300 starting in the fall at George Bush Intercontinental Airport

Defence giant BAE Systems ( International ) - 600

Drs. Foster and Smith, in Rhinelander WI - 13

Jefferson Parish schools La - About 200

The Atlanta-based charity Hosea Feed the Hungry and Homeless - Several Layoffs


Bankruptcy
May 31 , 2012
Publisher Boston Hannah International LLC


Closing
May 31 , 2012

Wesleyan Christian School in MD?

Oil Dri corporation, in Mounds, Illinois Moving to Mississippi

Theno's Dairy in Redmond WA

Ryan's Steakhouse in Lincolnton NC

Northport's Gemport jewelry store NY

The U.S. Postal Service Processing and Distribution Center in Rochester MN Closing Feb 2013

Nemschoff Chairs Plant Closing in Sioux Center IA - 100+

[Argent Dragon]

Jim Rogers to Moneynews: ‘Terribly Flawed’ Dollar Isn’t a Safe Haven

The U.S. dollar may be in hot demand today but it's still a "terribly flawed" currency belonging to an indebted nation, says famed commodities champion Jim Rogers, CEO and chairman of Rogers Holdings. "I do own the U.S. dollar," Rogers tells Newsmax.TV in an exclusive interview. "People see it as a safe haven, but it is not a safe haven. But people think that, and so therefore I own the dollar." [Full Story]



Related Stories

• Jim Rogers: I Won't Sell Gold Despite Losses
• Jim Rogers: The World Is ‘Running Out of Farmers’
• Jobs, GDP Data Point to Loss of Momentum in Recovery
• Midwest Business Activity Unexpectedly Grew at Slower Pace
• Shoppers Cautiously Spend More to Splurge on Spring Styles

[Meetzos]

http://www.dailyjobcuts.com/


Layoffs
June 1 , 2012


Comcast Corp - 65

Cherokee County Landfill and Recycling Center in northwest Iowa. - 6

Eagle Newspapers - 2

The Telefunken Semiconductors International plant in Roseville CA - 40 to 50 Layoffs Likely

Update: Mazda - 250 Jobs in US and Europe

The Bayview Center for Mental Health Pembroke Pines - Warns of 58 Layoffs

Pasco School District FL - 87 Layoff Notices

Key Technology - 11% of Workforce or 60

The Rochester City School District NY - 56

West Ottawa Public Schools - 50+ Support Staff

Pittsburgh Public Schools PA - 285Layoff Notices



Bankruptcy
June 1 , 2012

O&S Trucking

McMenamy's Banquet Center in Niles

European Touch Holding Inc - Chapter 7


Closing
June 1 , 2012
Bertucci' in Atrium Mall Newton MA

Office Depot is closing its Omaha location at 72nd & Jones

Ansell Hawkeye Glove Manufacturing at Fort Dodge Plant

French Antiques Direct on Washington Avenue in Natick MA

Wegmans Closing Pond Street Store in Syracuse NY

Mary Contrary Boutique in Greensboro NC

Update: Printpack Closing Plant in Hendersonville NC

General Motors is going ahead with plans to close its consolidated plant in Oshawa, Ont ( International )

Weddingbelle NYC, at 486 Main St. in Warren RI

Iowa Health System closing its pain clinic near Iowa Lutheran Hospital in Des Moines Iowa

Jazzy Crafts in Castro Valley CA

Gander Mountain is closing its store in Hanover County VA

Wayne Memorial Health System will close its unprofitable Wayne Delaware Manor in Beach Lake

Update: Brooks Food Group Talks About Closing Plant in Bedford VA

[Argent Dragon]

Job Growth Is Weakest in a Year as Unemployment Rises to 8.2%

U.S. job growth in May was the weakest in a year and employers added far fewer jobs in the prior two months than previously reported, suggesting the economic recovery was faltering. Employers created a paltry 69,000 jobs last month, the Labor Department said on Friday, the fewest since May last year. Economists polled by Reuters had expected nonfarm payrolls to increase 150,000. [Full Story]



Related Stories

• Dow Plunges 200 Points, Erasing Year's Gains on Dismal Jobs Data
• US 10-Year Yield Sinks Below 1.5% on Weak Jobs Data
• Slow Jobs Growth May Weaken Obama Campaign
• Romney: Obama Deserves 'F' for Economy, 'Devastating' Jobs Data
• US Factory Activity Expands at Slower Pace
• Chrysler Misses Estimates After 90 Days-Without-Payment Offer

[Meetzos]

Job Growth Is Weakest in a Year as Unemployment Rises to 8.2%

U.S. job growth in May was the weakest in a year and employers added far fewer jobs in the prior two months than previously reported, suggesting the economic recovery was faltering. Employers created a paltry 69,000 jobs last month, the Labor Department said on Friday, the fewest since May last year. Economists polled by Reuters had expected nonfarm payrolls to increase 150,000. [URL="http://www.moneynews.com/Economy/Job-Unemployment-labor-rate/2012/06/01/id/440883"][Full Story]
]

AD looks like they have been reading our posts and finally realized the news is out there and the rubes don't believe their scam any more. Market is taking a pounding last couple days.

[Argent Dragon]

'This Is Horrible': Jobs Market Stalls as Stocks Suffer Worst Fall of Year

The American economy is in trouble again. Employers added only 69,000 jobs in May, the fewest in a year. It was further evidence that, just as in 2010 and 2011, a winter of hope for the economy has turned to a spring of disappointment. "This is horrible," said Ian Shepherdson, chief economist at High Frequency Economics, a consulting firm. [Full Story]



Related Stories

• Global Growth at Risk as US Employment Stumbles
• Barton Biggs: Dismal Jobs Report Raises Chance of Recession to 40%
• Fed May Heed Call for More Stimulus After Bleak Jobs Report
• Lower Gas Prices Are Silver Lining as Economy Weakens
• Greenspan: ‘Fear of the Future’ Hinders Investing, Economic Growth
• Pimco’s El-Erian: Grim Jobs Numbers Show Politicians ‘Losing Control’

[Meetzos]

http://www.dailyjobcuts.com/

Layoffs
June 2 , 2012

The city of Powder Springs GA? - New Budget May = Layoffs

Treasure Hunters Roadshow - Some Layoffs

Secretary of State Jesse White’s office - 90


Bankruptcy
June 2 , 2012

Konarka Technologies



Closing
June 2 , 2012

Papa's Pizza Oak Forest IL Location

[Meetzos]

http://www.dailyjobcuts.com/

Layoffs
June 3 , 2012

Update: Reading Community Schools Michigan - 2 More Layoff Notices



Closing
June 3 , 2012

Family Dollar in Muhlenberg Township

Waterloo Gardens Closing Store and Garden Center in Devon

Spitzer's Sound Stage in Central Fresno California