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Old 06-16-2022, 07:53 AM
 
Location: Barrington
63,919 posts, read 46,738,058 times
Reputation: 20674

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Quote:
Originally Posted by Freak80 View Post
I can’t wait for this carnage to start. I am literally on the verge of orgasm when I think about all of the bad things that are happening to our country, because I know it will hurt Democrats and help Republicans.

I don’t care about how many people are suffering. I only care about the political consequences, and how awesome it will be to have REAL AMERICANS like Donald Trump and Ron DeSantis in power, instead of all the socialists, snowflakes, wimps, and traitors in the Democratic Party.

For real!

#MAGA
#Trump-DeSantis 2024

Seems you made partisanship about your ego.

My crystal ball does not show Biden or Trump on the 2024 ticket.

The Republican bench is deep.
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Old 06-16-2022, 07:57 AM
 
5,955 posts, read 2,878,990 times
Reputation: 7792
Quote:
Originally Posted by MetroWord View Post
LOL always entertaining to see anyone (conservative or liberal) assume that the president controls the economy with a joystick or he is president of the world (oil prices are up everywhere in the world).
The President is like the Captain of a ship.He doesnt fire the broiler to move the vessel.But looks ahead to see what will need to be. done to keep the ship safe and afloat.and. make changes accordingly.
the Captain of our ship. President Biden ,.has put us up on the rocks
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Old 06-16-2022, 07:57 AM
 
Location: Western PA
10,852 posts, read 4,534,722 times
Reputation: 6708
Quote:
Originally Posted by TMSRetired View Post
You can go to any state to their DOL website and see the WARN notices.
WARN has to be filed before the layoffs begin.

I went to a few states and there are some big names there...Walmart, Amazon, Dillards, DHL among them.
No centralized database though.

I think there is an employee threshhold that has to hit for a warn notice (50 IIRC?). Sure, it shows the heavy hitters, but it does not show the 100's of times more little places that reduce the IT department from 2 to 1.
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Old 06-16-2022, 07:57 AM
 
Location: Pennsylvania
31,340 posts, read 14,265,634 times
Reputation: 27861
Quote:
Originally Posted by middle-aged mom View Post
If POTUS controlled the economy, there would never be recessions.
Trump seemed to have the economy well under control, until the democrats decided an economic shutdown was their best chance to win the 2020 election.

The democrats and BIDEN own this disaster.
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Old 06-16-2022, 07:58 AM
 
78,414 posts, read 60,593,823 times
Reputation: 49693
Quote:
Originally Posted by middle-aged mom View Post
Seems you made partisanship about your ego.

My crystal ball does not show Biden or Trump on the 2024 ticket.

The Republican bench is deep.
I'm really on the fence about what will happen with Biden. The DNC has been pretty awful about picking winners of late instead of giving everyone a fair run. How many key insiders would it really take for them to just freeze out any challenge to him?

I agree about Trump and suspect it will be Desantis.
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Old 06-16-2022, 07:58 AM
 
Location: NMB, SC
43,096 posts, read 18,269,535 times
Reputation: 34973
Quote:
Originally Posted by RetireinPA View Post
I think there is an employee threshhold that has to hit for a warn notice (50 IIRC?). Sure, it shows the heavy hitters, but it does not show the 100's of times more little places that reduce the IT department from 2 to 1.
100 layoffs is the threshold. CA though has their own WARN Act which has a lower threshold.

I'm not interested in the small potatoes. It's the big boys of business that I watch and they do lay off more than 100 in any city when it comes time for layoffs.

Walmart and Amazon did catch my eye but only in 2 states.
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Old 06-16-2022, 07:59 AM
 
Location: Western PA
10,852 posts, read 4,534,722 times
Reputation: 6708
Quote:
Originally Posted by middle-aged mom View Post
If POTUS controlled the economy, there would never be recessions.

well to be fair, if THIS POTUS controlled the economy there would be no recessions cuz there would be no economy. I mean cmon, what do you expect when you hire dipsh**s whose only qualification is 'woke' (whatever that is) to run the place. OR once again, please explain Mayor Pete.....
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Old 06-16-2022, 07:59 AM
 
Location: Barrington
63,919 posts, read 46,738,058 times
Reputation: 20674
Quote:
Originally Posted by TMSRetired View Post
Revlon files Chap 11 bankruptcy....
I didn't see that one coming.

https://www.cnbc.com/2022/06/16/cosm...rotection.html
Choking on its own debt and supply chain issues which is a global challenge.

About 14,000 businesses filled for Chapter 11 in 2009.
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Old 06-16-2022, 08:01 AM
 
Location: Western PA
10,852 posts, read 4,534,722 times
Reputation: 6708
Quote:
Originally Posted by TMSRetired View Post
100 layoffs is the threshold. CA though has their own WARN Act which has a lower threshold.

I'm not interested in the small potatoes. It's the big boys of business that I watch and they do lay off more than 100 in any city when it comes time for layoffs.

https://uscode.house.gov/view.xhtml?...edition=prelim


turns out its any place of biz that has 100 or more people who intend to layoff 50 or more people within any 30 day period.
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Old 06-16-2022, 08:02 AM
 
78,414 posts, read 60,593,823 times
Reputation: 49693
There will be additional large interest rate increases this year, which is why the stock market tanked.

THis will slow the economy and lower inflation.

We are most certainly headed for an economic downturn which in conjunction with interest rates will pop the housing market bubble.
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