Obama’s “Recovery”: Sears, J.C. Penney, Barnes & Noble and Best Buy to Close Hundreds of Stores

February 5, 2013

best buy closedIt is the time of year again when America’s largest retailers release those critical holiday season figures and disclose their annual sales.

A review of these numbers tells us a great deal about how most of the companies will do in the upcoming year.

And while successful retailers in 2012 may add stores this year, those that have performed very poorly may have to cut locations during 2013 to improve margins or reverse losses.

For many retailers, the sales situation is so bad that it is not a question of whether they will cut stores, but when and how many.

Most recently, Barnes & Noble Inc. decided it had too many stores to maintain profits. Its CEO recently said he plans to close as many as a third of the company’s locations.

Currently, the best example of a struggling retailer is J.C. Penney Co. Inc. The department store chain’s third-quarter revenue dropped more than 26 percent year-over-year, and its same-store sales fell by about the same.

With J.C. Penney’s e-commerce sales slipping by an ever greater amount, it was left with nowhere to go for bottom line improvement other than deep cost cuts.

These are the retailers that will close the most stores in 2013:

1.)  Best Buy

2.) Barnes & Noble

3.)  Sears

4.)  J.C. Penney

These forecasts were based on drops in same-store sales, drops in revenue, a review of direct competitors, Internet sales and the size of cuts at retailers in the same sector, if those were available.

From:  http://www.nbcnews.com/business/4-retailers-likely-close-stores-year-1B8170146

Advertisements

Thanks, Obama! Hundreds of Thousands of Master’s Degree Holders and Ph.Ds Now On Food Stamps

February 5, 2013

PhDs unemployedObama claims we’re in the midst of a booming recovery, and that the real problem is that America isn’t producing enough college graduates to fill the high-paying high-tech jobs available.  But the facts demonstrate otherwise.  The economic situation is now so grim, hundreds of thousands of people with advanced degrees — including Master’s degrees and Ph.Ds — are now filling the food stamp rolls.  Obama’s “recovery” is merely a cheap illusion based on manipulated statistics and empty, imperial pronouncements.  Truly, the emperor has no clothes.  And the fawning multitudes simply don’t want to admit what’s staring them in the face:  Obama’s lies, laid bare. — Spencer

(NaturalNews) Shelling out tens or even hundreds of thousands of dollars for higher education may no longer be the surefire path to a great career that it used to be.

A recent report compiled by the education resource group OnlineColleges.netfound that more than 300,000 Americans with either Master’s degrees or Ph.D.s were receiving food stamps in 2010 — and many more are likely on some form of government assistance today as economic conditions since that time have only continued to worsen.

To give a point of reference as to how bad the situation truly is, there were fewer than 100,000 Americans with Master’s degrees or Ph.D.s on food stamps in 2007, which means the overall number of people with extensive college educations on government assistance more than tripled in just three years.

And if this trend continued at the same rate between 2010 and 2013, the total number of college educated on government assistance today has easily eclipsed more than half a million, and with no end in sight.

According to the latest government data, more than 5,000 people working right now as custodians have Ph.D.s they are not using, and another more than 100,000 people with at least a bachelor’s degree currently work in some sort of custodial position.

A whopping 80,000-or-so people with at least a bachelor’s degree also currently work as attendants at amusement parks and other recreational facilities, while nearly 320,000 college graduates currently work as servers at restaurants and cafes.

“According to the Bureau of Labor Statistics, roughly one in three college graduates works in a job the Labor Department says requires less than a bachelor’s degree,” explains an infographic created by OnlineColleges.net. You can view that infographic here.

From:  http://www.naturalnews.com/038933_college_graduates_food_stamps_unemployment.html


Obama: Lord of the Flies?

February 5, 2013

obama fly most recentNot even the Secret Service could keep the fly away from Barack Obama’s furrowed brow.

The buzzing insect stole the show as the President announced two new members of his second administration, cutting wild loops around the leader of the free world before landing squarely on his forehead.

The official White House transcript simply reads: “This guy is bothering me here – (swatting at a fly.)”

Meanwhile, the pool report which describes the President’s movements throughout the day noted that “the president spoke for about five minutes while being menaced by a house fly”.

It wasn’t the first time Mr Obama has shared camera time with a fly. In June 2009, the newly-elected president dealt some tough justice to one which interrupted an interview.

And during a 2010 announcement on healthcare reform, Mr Obama cut off an emotional story about an American struggling without health insurance as a fly zipped around him.

In that instance, the fly did manage to land briefly on his face, providing an unsightly addition to the mole on the left side of his nose.

His skill has improved dramatically since his time as a candidate, when he halted a local news interview because of a swarm gathering around him.

From:  http://www.telegraph.co.uk/news/worldnews/barackobama/9825687/Barack-Obama-provides-landing-pad-for-fly.html