Jim Willie seems to think that we’re in a Depression / Treasury Bond Default. He brings up some interesting points in this long 2 part interview.
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- Thread starter Hobo Hilton
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This is big news to the folks around Hillsboro, Oregon. Nike was an anchor in that area.
The "second phase of impacts" would begin by June 28 at its headquarters, Michele Adams, Nike's vice president for people solutions, said in a legally mandated notice to state authorities.
The company's shares were up marginally in after-hours trading. They have declined nearly 13% this year.
Nike had in December announced a cost savings plan for $2 billion over the next three years, and in February said it would cut about 2% of its total workforce, or more than 1,600 roles.
Nike to lay off 740 employees at Oregon headquarters
April 19 (Reuters) - Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025.The "second phase of impacts" would begin by June 28 at its headquarters, Michele Adams, Nike's vice president for people solutions, said in a legally mandated notice to state authorities.
The company's shares were up marginally in after-hours trading. They have declined nearly 13% this year.
Nike had in December announced a cost savings plan for $2 billion over the next three years, and in February said it would cut about 2% of its total workforce, or more than 1,600 roles.
Lululemon Warehouse in Washington Set to Close, Laying Off More than 100 Employees
The world has changed. The "Strong Dollar" is now worthless to the US Consumer struggling under the load of inflation.
A strong dollar allows U.S. consumers to purchase goods and services from overseas for less than if the dollar was weaker. It also helps compensate for rising inflation by keeping purchasing power from dropping too much.
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www.investopedia.com
A strong dollar allows U.S. consumers to purchase goods and services from overseas for less than if the dollar was weaker. It also helps compensate for rising inflation by keeping purchasing power from dropping too much.
Strong Dollar: Advantages and Disadvantages
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar, and who gains and loses.
Just be patient, we are circling the airport, waiting for the soft landing.
www.morningstar.com
U.S. economy takes a step backward in April, S&P surveys show
The numbers: The U.S. economy lost some momentum in April, a pair of S&P surveys found, as businesses reported a decline in new orders and reduced employment for the first time since the pandemic. The flash U.S. manufacturing purchasing managers index slipped to a four-month low of 49.9 in April from 51.9 in March.U.S. economy takes a step backward in April, S&P surveys show
They have to make room on the payroll for Caitlin up to 28 million
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