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Red Flags for a Looming (Arrived?) Crisis - PART 8


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I do see red flags nationally that are impacting locally. Some of the national chains Circuit City, El Chico, etc are closeing down. My friend who works for the board of realty says there are not many homes selling. It seems like the local things are doing pretty well. shrug

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That's alot of jobs gone. frown

 

http://money.cnn.com/2008/11/10/news/companies/dhl/index.htm

 

DHL to cut 9,500 U.S. jobs

The firm will end deliveries within the U.S., but will continue shipments to other countries.

 

NEW YORK (CNNMoney.com) -- Global delivery company DHL announced Monday that it was cutting 9,500 jobs as it discontinues air and ground operations within the United States.

 

DHL said its DHL Express unit will continue to operate between the United States and other nations. But the company said it was dropping "domestic-only" air and ground services within the United States by Jan. 30 "to minimize future uncertainties."

 

"We see [a] significant shortfall in the U.S. part of our express business due to the fact that the economy has weakened deeply," said Frank Appel, chief executive of DHL's parent company Deutsche Post World Net. "We have taken a massive action in the U.S."

 

"As you can imagine, this was not an easy decision," said Appel, speaking by webcast from corporate headquarters in Bonn, Germany. "It has a massive impact on jobs for our people."

 

Elias Sleiman, a quality control worker and one of 375 DHL employees at a shipping facility in Allentown, Pa., said the company has scheduled a 10:30 p.m. meeting to explain their fate.

 

"At the meeting they're going to be telling us the bad news," said Sleiman. "We don't know what's going to happen."

 

U.S. job losses have been mounting for months. On Friday, the Labor Department reported that the U.S. economy shed nearly 1.2 million jobs through October. Just in the month of October, the economy lost 240,000 jobs, raising the unemployment rate to 6.5%. Another 15,000 cuts were announced in the first week of November.

 

DHL's 9,500 job cuts are on top of 5,400 job reductions announced earlier this year. After these layoffs, between 3,000 and 4,000 employees will remain at DHL's U.S. operations, the company said.

 

The company also said it was shutting down all ground hubs and reducing the number of its U.S. stations to 103 from 412.

 

DHL said it was making the cuts to improve profitability and "to prepare the company for the economic challenges ahead."

 

The company said this latest action would add $1.9 billion to its restructuring costs, for a total of $3.8 billion over two years, most of it during 2008. The company said the cuts would reduce the annual operating costs of DHL's U.S. unit to less than $1 billion, from its current cost of $5.4 billion.

 

8,000 more jobs

DHL's main U.S. hub is in Wilmington, Ohio, a town of about 12,000 people. Sen. John McCain, R-Ariz., visited Wilmington in August as part of his bid for the presidency, noting at the time that he was "deeply troubled by the specter of job loss confronting Wilmington" and the surrounding area.

 

DHL spokespersons said the cuts would take place nationwide and will not be concentrated in any one location. But there could be many non-DHL jobs on the line in Wilmington as well.

 

Because DHL isn't U.S.-owned, the company isn't permitted to make deliveries between U.S. airports. Instead, these services are currently performed for DHL by U.S.-based carriers like ABX Air, Inc. and Air Cargo Carrier, which are both also based in Wilmington.

 

As DHL scales down its domestic operations, it's working on a deal to outsource these services to UPS Inc., (UPS, Fortune 500) based in Atlanta. If the deal goes through, then UPS could transport DHL packages between U.S. airports, instead of ABX and ASTAR.

 

ABX and ASTAR depend heavily on DHL for their business. Joseph Teuchert, a 16-year captain on an ASTAR cargo plane and a spokesman for the "Save the Jobs" organization in Wilmington, said that if the UPS deal goes through, "you're going to see a minimum of 8,000 jobs gone from Wilmington."

 

DHL spokesman Robert Mintz told CNNMoney that the company is still "in full negotiations with UPS [and] expects to reach an agreement by the end of the year."

 

"If [domestic shipping] goes to UPS, then my job is probably gone," said James Garner, a shipping handler for ABX Air in Wilmington.

 

Michele Nadeem, vice president of corporate communications for DHL, said "a great number" of the non-DHL workers "will be affected" by the job cuts, but she wouldn't say how many.

 

DHL's pullback in the U.S. should help not only UPS but also competitor FedEx Corp (FDX, Fortune 500), said Donald Broughton, analyst for Avondale Partners.

 

"Obviously, it's good news for FedEx and UPS, because this puts the 3-4% market share that DHL had [for domestic ground and air shipping within the U.S.] up for grabs," said Broughton. "Makes it a jump ball, if you will."

 

UPS shares rose more than 3% in Monday trading, and FedEx shares rose about 2%. Both outperformed the Dow Jones industrial average, the Nasdaq and the S&P 500, which declined.

 

First Published: November 10, 2008: 8:15 AM ET

 

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Found this link earlier and its long so I won't paste the article: http://money.cnn.com/2008/11/08/markets/ma...ahead/index.htm

 

National unemployment rate is now up to 6.5% with 1.2 million jobs lost this year already. This is not looking good at all. Okay we knew this at least a year ago but now... sofa

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Originally Posted By: michelle
Found this link earlier and its long so I won't paste the article: http://money.cnn.com/2008/11/08/markets/ma...ahead/index.htm

National unemployment rate is now up to 6.5% with 1.2 million jobs lost this year already. This is not looking good at all. Okay we knew this at least a year ago but now... sofa


Still, for all the hype, panic, hysteria, and exaggeration the media and pols keep throwing out.......It isn't nearly as bad as 1976 - 1982, and no matter what they say, we aren't even approaching the level of trouble of the 1930's!!
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We live 2 miles north of a town of 1300. We have 28 acres and our house is set back from the road an eighth of a mile. Tonight, at ten pm in the pouring rain, a man and woman in their mid thirties knocked on our door and asked if we would be interested in buying some cinnamon rolls. Jeff said no and the man asked what the lettering on the side of one of our trailers was. Jeff explained that we at one time were going to make movies to sell and that is the name of our production company.

 

They said ok and went away but it was very unnerving. Jeff alerted the police as well.

 

Maybe they were crack heads and really had no clue. Perhaps they needed some money for their next party.

 

Maybe they are normal people that are just really hungry and that was their last batch of rolls.

 

Or perhaps they were scoping out our house. Looks like we'll be putting up a fence and a gate at the front of the property tomorrow. Let's try to keep the weirdos away from the front door.

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Originally Posted By: TeamBettendorf
We live 2 miles north of a town of 1300. We have 28 acres and our house is set back from the road an eighth of a mile. Tonight, at ten pm in the pouring rain, a man and woman in their mid thirties knocked on our door and asked if we would be interested in buying some cinnamon rolls. Jeff said no and the man asked what the lettering on the side of one of our trailers was. Jeff explained that we at one time were going to make movies to sell and that is the name of our production company.

They said ok and went away but it was very unnerving. Jeff alerted the police as well.

Maybe they were crack heads and really had no clue. Perhaps they needed some money for their next party.

Maybe they are normal people that are just really hungry and that was their last batch of rolls.

Or perhaps they were scoping out our house. Looks like we'll be putting up a fence and a gate at the front of the property tomorrow. Let's try to keep the weirdos away from the front door.


Stay on guard. All I can think of is that I would want a dog to warn me. That sounds just crazy.
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Originally Posted By: TeamBettendorf
We live 2 miles north of a town of 1300. We have 28 acres and our house is set back from the road an eighth of a mile. Tonight, at ten pm in the pouring rain, a man and woman in their mid thirties knocked on our door and asked if we would be interested in buying some cinnamon rolls. Jeff said no and the man asked what the lettering on the side of one of our trailers was. Jeff explained that we at one time were going to make movies to sell and that is the name of our production company.

They said ok and went away but it was very unnerving. Jeff alerted the police as well.

Maybe they were crack heads and really had no clue. Perhaps they needed some money for their next party.

Maybe they are normal people that are just really hungry and that was their last batch of rolls.

Or perhaps they were scoping out our house. Looks like we'll be putting up a fence and a gate at the front of the property tomorrow. Let's try to keep the weirdos away from the front door.


That is really frightening!!! Stay safe!
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Last night DH and I were talking and discussed changing out the door locks, putting wrought iron on our glass sunroom exterior door and reinforcing our bedroom glass sliding door.

 

My company is discussing the following measures to combat the growing economic problems:

 

Additional staff layoffs

Eliminating year end bonuses

Salary cuts for management

Suspension of company 401K match.

 

Some economic forecasts are saying we are rapidly heading for a super dose of inflation or worse, deflation, which will result in skyrocketing fuel and food costs (stock up now)

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Originally Posted By: preparing
Originally Posted By: TeamBettendorf


Or perhaps they were scoping out our house. Looks like we'll be putting up a fence and a gate at the front of the property tomorrow. Let's try to keep the weirdos away from the front door.


Stay on guard. All I can think of is that I would want a dog to warn me. That sounds just crazy.


We have two dogs!! And we are currently looking for more. Maybe a yappy dog? But it was pouring out last night and I think they didn't hear the car pull up with the wind and rain. We are gating and fencing the front today...in the rain.
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Originally Posted By: Percysgirl
Thanks, Stephanie.

I see it as a red flag because we know there were things they concealed before the election. So now you have to wonder if they're going to start publishing some of this stuff, and then the result being the tide turn against Obama before the election since most folks don't know anything outside of what the MSM puts out. That could get nasty.


I agree. In fact this came out just a few hours ago. (sorry if it has already been posted elsewhere) If someone thinks its inappropriate to post here, please move. It is not intended to be politcal/controversial in nature. But the second amendment rights and a social security force are a HUGE red flag to me.

http://www.msnbc.msn.com/id/27655039

U.S. rep: Obama wants Gestapo-like force
GOP rep invokes Nazis, Soviets, but Bush backed Obama's civilian corps idea
The Associated Press
updated 1:16 a.m. MT, Tues., Nov. 11, 2008
WASHINGTON - A Republican congressman from Georgia said Monday he fears that President-elect Obama will establish a Gestapo-like security force to impose a Marxist dictatorship.

"It may sound a bit crazy and off base, but the thing is, he's the one who proposed this national security force," Rep. Paul Broun said of Obama in an interview Monday with The Associated Press. "I'm just trying to bring attention to the fact that we may — may not, I hope not — but we may have a problem with that type of philosophy of radical socialism or Marxism."

Broun cited a July speech by Obama that has circulated on the Internet in which the then-Democratic presidential candidate called for a civilian force to take some of the national security burden off the military.

"That's exactly what Hitler did in Nazi Germany and it's exactly what the Soviet Union did," Broun said. "When he's proposing to have a national security force that's answering to him, that is as strong as the U.S. military, he's showing me signs of being Marxist."

Obama's comments about a national security force came during a speech in Colorado in which he called for expanding the nation's foreign service.

"We cannot continue to rely only on our military in order to achieve the national security objectives that we've set," Obama said in July. "We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

Obama's idea endorsed by Bush
The Obama transition team declined to comment on Broun's remarks. But spokesman Tommy Vietor said Obama was referring in the speech to a proposal for a civilian reserve corps that could handle postwar reconstruction efforts such as rebuilding infrastructure — an idea endorsed by the Bush administration.

Broun said he believes Obama would move to ban gun ownership if he does build a national security force.

Obama has said he respects the Second Amendment right to bear arms and favors "common sense" gun laws. Gun rights advocates interpret that as meaning he'll at least enact curbs on ownership of assault weapons and concealed weapons. As an Illinois state lawmaker, Obama supported a ban on semiautomatic weapons and tighter restrictions on firearms generally.

"We can't be lulled into complacency," Broun said. "You have to remember that Adolf Hitler was elected in a democratic Germany. I'm not comparing him to Adolf Hitler. What I'm saying is there is the potential of going down that road."


© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
URL: http://www.msnbc.msn.com/id/27655039/



MSN Privacy . Legal
© 2008 MSNBC.com
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My bestfriend is an RN at a hospital. They held a staff meeting yesterday and told them that they would still get their Christmas pay and end of year bonuses, BUT that was it.....not to expect any other bonuses until further notice, that ALL overtime would have to be OK'd BEFORE they did it, if it meant calling and waking up a superior in the middle of the night. They are tightening up on EVERYTHING there. They also were laying off alot of non-essential staff. She lives in North Carolina.

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Originally Posted By: FunkyPioneer
If this isn't a red flag I don't know what is


Is this guy for real? Or is he a nut?

The stuff he is saying is really scary. What news station is this? I mean...oh never mind. That's really yucky. Really really yucky.
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Shandy, evidently the guy is a good forecaster of such things, so I would say he is for real. He has been right on many things before this statement he made in the interview, for years, according to the interview. He is a good analyst, in other words and can guage affects clearly.

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I would too! A big big gate. Your story scared me for you, but also for myself. I just cannot imagine somebody out in the rain at that time of night with a story like selling cinnamon rolls. If they were just thinking about stealing something then I doubt they would knock on the door. Maybe they were just interested in that trailer you mentioned.

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Yikes, Katie. A big heavy gate is a good idea.

 

I am viewing that video from your blog (which I assume is the same one linked here) and it's unnerving. I'm so thankful that I found this site 'in time' and have been preparing. Any prep is better than none! I pray that we are raptured before TS-REALLY-HTF, but if we aren't, praise the Lord and MARANATHA, anyway!

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Here in Southern California we are plagued by thieves that will distract you at the front door while an accomplice comes in the back door and rifles the house, or worse.

 

I have a wooden wedge under foot when I open my front door just in case somebody decides to force their way in once the door is partially opened. A chain lock isn't strong enough for my door frame unfortunately.

 

 

 

 

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Originally Posted By: Shandy
Originally Posted By: FunkyPioneer
If this isn't a red flag I don't know what is


Is this guy for real? Or is he a nut?

The stuff he is saying is really scary. What news station is this? I mean...oh never mind. That's really yucky. Really really yucky.
Yes he is for real and usually 100% right on his predictions (with the exception of predicting Kerry would be president, but then again Kerry would have been president if it wouldn't have been for all the fraud going on)
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To me, the red flag was more that MSM aired it than he said it. I don't know anything about him, and don't care how right or wrong he has been in the past. What I do know is he is putting a voice to what many of us have been thinking (about a coming depression) and they are airing it.

 

 

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RED FLAG!!!

 

This is a place for reporting RED FLAGS and brief commenting.

 

This is not a place to DEBATE, or even DISCUSS AT LENGTH

 

If you think a post merits some further, in depth discussion, start a thread in the appropriate forum.

 

Think it has Biblical explanations, start it in Streams. Possibly a bit edgy, the Edge. Perhaps What Do You Think?

 

As much information as we have on this site, it's important to keep it organized. A place for everything, everything in its place! A good preppers attitude!

 

thanks

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