One of the bright spots in today's economy had been Wal-Mart. With more people looking for bargains, the chain had been expected to weather the current economic storm. But now comes word that the company will be laying off 700-800 people at its Arkansas headquarters.
Also, Sirius XM--formed when the two rival satellite companies merged late last year--is rumored to be on the verge of filing for bankruptcy. Since most of their new customers come from new car sales, the company has taken a big hit.
And if you're not already depressed enough, Us News & World Report has come out with a list of 15 companies that may not survive the year. What's most disturbing about the list is that there are some very familiar names on it, including Rite Aid, Chrysler, Blockbuster, and Six Flags. But the most disturbing company name on the list is one that embodies all that is good and wonderful about America, and the loss of which would carry disturbing implications for our nation's law enforcement community: Krispy Kreme donuts.
My God, is nothing safe?
Wednesday, February 11, 2009
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