Jan 16 2009
More Bad News
More bad news comes today about Circiuit City, which is now going to have to liquidate due to not being able to find a buyer or being able to come up with another plan to get out of bankruptcy. It was just announced on Yahoo News! recently that they are now going to be liquidating the remaining stores they have left that are open. This is very sad, not only for the store itself and the owners, but even moreso for all the employees. According to Yahoo News! they employ more than 30,000 people. They are actually headquarted in Richmond, VA, where I live. This means more people in our area will be without a job soon. Another company in Richmond that recently laid off people was Genworth Financial. Although Richmond’s unemployment rate has actually been below the national average during the last year, I see that changing quickly. There are several companies in and around Richmond that have announced layoffs or went out of business within the last month, including MeadWestVaco, Genworth and now Circuit City.
It’s all very sad and troublesome. I just pray that it gets better for everyone in America. I feel everyone’s pain right now and their stife in the daily struggle to pull through this recession. I guess this is the part of the year where it’s getting worse before it gets better. You know what they say “When it rains, it pours.” It can only be bad for so long though, or at least that is my hope. Things have to turn around and get better. I’m hoping by May or June things will start looking brighter and begin to turn around. This recession makes me feel like I need to stockpile food and water, just in case of a crisis or if complete and utter chaos break out in society. Lets all hope and pray and stick together. I would advise people to not do anything desperate or stupid, even though our situation seems to be becoming more desperate every day. God will help us and take care of us, that much I know.
