Depression Diary

Nike second-quarter earnings down 4 percent; CEO stands by Woods!

"Revenues slide 4 percent to $4.4 billion as footwear and apparel
demand slumps in the U.S. and all of Europe."

Feds indict former Countrywide mortgage broker from Portland!

"FRONT PORCH BLOG: A federal grand jury indicted Portland mortgage
broker Alex Z. Biscocho of bank fraud in connection with the sale of
his parent’s home in 2006."

(Some bad **** went down at Countywide!)

Town of Huntington fears for its future after cement plant layoffs!

"Residents of the eastern Oregon town worry that stricter EPA rules on
mercury will prompt a shutdown."

Stocks fall as dollar gains, FedEx disappoints!

"More poor news came in on the economy as the government reported an
unexpected rise in unemployment claims last week. The number of new
jobless claims rose to 480,000 last week, up 7,000 from the previous
week."

Money fund assets fell to $3.269T in latest week!

"NEW YORK - Total money market mutual fund assets fell by $51.13
billion to $3.269 trillion for the week, the Investment Company
Institute said Thursday."

Fannie, Freddie suspend foreclosures!

"WASHINGTON - Mortgage finance companies Fannie Mae and Freddie Mac
are suspending foreclosures and evictions for about two weeks in a
temporary break for borrowers during the holiday season."

(Doesn't that put you in the Holiday spirit?)

General Growth Properties considers equity sale to raise cash
[Baltimore]

Real estate shop files for Chapter 11 [Boston]

Epiq Systems’ bankruptcy business hits record high [Kansas City]

Rainbows consolidating facilities, laying off staff [Wichita]

More bankruptcies:

Nickinello Realty Corp. of Natick - Chapter 11

Vion Pharma Inc - Chapter 11

Thomson SA

Roper Bros. Lumber Company - Chapter 11

Roaring Fork Lodge project in Glenwood Springs Co.

Ridgefields Country Club - Chapter 11

Closing:

St. Therese of Lisieux and St. Casimir elementary Schools in Lansing

Menomonee Falls Driving School

The Bandera branch of Guaranty Bank-BBVA Compass

The Sam Goody store at the Adrian Mall

Cincinnati’s Metro Bus System Will Eliminate 5 Routes

Forest Café in Cambridge Mass Closing?

Cotati's Backdoor Disc & Tape Store

CVS Closing Calhoun Road Location Rome Ga

Western Colorado Research Center on Rogers Mesa

Sheffield's Auto Parts Warehouse to Close

Hunt Real Estate Corp Closing Sarasota Fl Office

Kingston Sports ( Canada )

Butterfield Elementary School in Riverside

The Blockbuster Store on Route 28 in South Yarmouth

Southwest Museum of the American Indian Ca, Possibly Closing

The Spotlight Cafe Eatery Closing

John Morrell & Co. plant in Sioux Falls ( International ) Talks of
Closing

Layoffs:

Licking County OH - 17 Positions on the Line

Paul Mueller in Springfield MO - Entire Production Staff? 150 to 250

Update: New York Times - 18

Update: Livonia School Board Approves 83 Layoffs

Rainbows United Inc - Consolidates Buildings - Cuts 11 Jobs

AT&T - 400 in Florida

Trans State Airlines - 50 At Lambert Airport

Audubon - 3 Officers by End of Year

Progress Rail in Raceland, Ky - 64

Pitney Bowes Inc - Cutting Workforce by up to 10% over Next 2 Years

Bridgeport-Spaulding Community School District - Possibly 15

Ericsson ( Sweden ) - 150

Ultimus - Cuts Small Number of Jobs

Gov McDonnell Va - Hints at State Employee Job Cuts

Robbinsville NJ - Layoffs and Furloughs

Mullen Boston HQ - 15

Johnstown Pa - 18 Receive Layoff Notices

Anderson Water Department Indiana - 5

Pasadena Unified Schools Ca - Possibly 82 Layoffs Coming

Double-A