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ANOTHER BUSINESS SHUTS DOORS

Mishawaka, Osceola, Elkhart, Plymouth, etc.

ANOTHER BUSINESS SHUTS DOORS

Postby Wilson » Tue Nov 01, 2011 10:13 pm

From WSBT:
http://www.wsbt.com/news/wsbt-mishawaka ... 3546.story

Home > News
Mishawaka Max & Erma's Restaurant closes doors

WSBT-TV Report

5:25 p.m. EDT, November 1, 2011

MISHAWAKA - Another Mishawaka restaurant has closed its doors for good.

Max and Erma's on North Main Street is no longer in business. WSBT contacted the owner but he had no comment on the closure. A note on the restaurant's door thanked its customers and employees for their support.

This comes after the Hooters restaurant on Day Road closed last month. Declining sales due to the recession led to that closure.

The Mishawaka Max and Erma's location has been removed from the restaurant's national website.

Copyright © 2011, WSBT-TV
wsbt-mishawaka-max-ermas-restaurant-closes-doors-20111101
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Re: ANOTHER BUSINESS SHUTS DOORS

Postby Happy Mom » Tue Nov 01, 2011 10:28 pm

Crap, I loved Max & Erma's!!!! :cry:
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Re: ANOTHER BUSINESS SHUTS DOORS

Postby backstagedee » Tue Nov 01, 2011 10:32 pm

There will be more to follow...
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Re: ANOTHER BUSINESS SHUTS DOORS

Postby South Bender » Wed Nov 02, 2011 3:02 pm

Lack of advertising, too pricey for the type of food and location, and too much nearby competition. I guarantee the Sonic restaurants will not be around much longer either. Especially the one on Portage, it is NEVER busy.
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Re: ANOTHER BUSINESS SHUTS DOORS

Postby OldFud » Thu Nov 03, 2011 4:40 pm

backstagedee » Tue Nov 01, 2011 10:32 pm

There will be more to follow...

I was in a Grape Road auto service shop earlier this week, and the manager stated that their business is down about five dozen cars, versus last year. You would think that people would repair instead of buying another vehicle !

Go figure !!!

The same gentleman said that car dealers' businesses are down.

Houses for sale don't seem to be moving. With the job destruction going on in St. Joseph County, who is buying ???

The news has been that the dowturn has leveled off and moving slowly up. But I just can't see it.

Would someone please enlighten this Old Fud . . . where can I see the general economy improving ?
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Re: ANOTHER BUSINESS SHUTS DOORS

Postby Happy Mom » Thu Nov 03, 2011 5:25 pm

Would someone please enlighten this Old Fud . . . where can I see the general economy improving ?


Government cronyism jobs.... :hand: :roll:
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Re: ANOTHER BUSINESS SHUTS DOORS

Postby backstagedee » Thu Nov 03, 2011 10:10 pm

Saw this on Facebook

Realty Results
‎Houlihan's in Mishawaka is not performing on their mortgage obligation. Their mortgage was auctioned today for $535,000. According to documents provided to the public for the sale, their debt is around $2,200,000 and the property was valued in 2007 around $1,500,000. This follows closure of the Mishawaka Hooters last week.
Like · · Share · October 12 at 2:35pm ·


Yikes! $1.5MM to $535k...
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Re: ANOTHER BUSINESS SHUTS DOORS

Postby jroyale » Fri Nov 04, 2011 2:33 am

Thats no good
Molon Labe

The worst form of inequality is to try to make unequal things equal.
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Re: ANOTHER BUSINESS SHUTS DOORS

Postby OldFud » Fri Nov 04, 2011 5:23 am

On the morning news @ 5:00AM today (FM95.3):

Joblessness is not getting any worse. But its not getting any better. Unemployment has been holding fairly close to 9.1% since April, according to the news report.

Employers are reporting layoffs at 16% ahead of last year, according to the report.

I'll bet this same news report as I heard will be repeated periodically throughout the day . . .

Here is the thing . . . after maybe two years of job hunting, many folks just throw in the towel. These jobless disappear off the radar screen, and are not included in the government-reported jobless numbers. So the actual jobless rates are NOT reported. It might be overkill here to use the analogy of an iceberg . . . you see only 10% of it -- the remaining 90% is below the water. The only reason you see that 10% is that ice has a lower density than water (and salt water). As the temperature of water drops, it reaches maximum density at 4 degrees C.
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Re: ANOTHER BUSINESS SHUTS DOORS

Postby OldFud » Fri Nov 04, 2011 10:50 am

October Jobs Report: Deja Vu All Over Again
..By Daniel Gross
..PostsWebsiteEmail – 1 hour 41 minutes ago....

This is getting repetitive. The October jobs report, out Friday morning, is very similar to the reports of recent months. Some 80,000 new payroll jobs were created, and the unemployment rate ticked down to 9.0 percent. It highlights a trend of an employment market that's recovering very slowly, with workers eking out meager gains.

A few items worth noting:

The "conservative recovery" continues. For months we've been noticing that, every month, the private sector adds jobs while the public sector cuts them. It's been the case for much of the past year that the U.S. economy is growing not because of government spending, but in spite of government cutbacks. In October, the private sector created 104,000 jobs, with gains led by professional and business services (33,000) and leisure and hospitality (22,000). Manufacturing posted a small 5,000 jobs gain. Meanwhile, governments at all levels cut 24,000 jobs. Since May 2010, government has cut one million jobs while the private sector has added 2.28 million positions.

Labor market frustration remains at high levels. The headline unemployment rate is only one of several data points contained in the report. And while the 9.0 percent rate is pretty dreadful, other metrics bear witness to a high and depressing level of labor market weakness. The unemployment rate for teenagers stands at 24.1 percent. The employment-population ratio checked in at a truly weak 58.4 percent. And the U-6, an alternate measure of unemployment that includes people who have given up people who are marginally attached to the workforce and people who are working part-time but would rather be working full-time, stands at 16.2 percent. That's down from 16.5 percent in September 2011, and down from 17.0 percent in October 2010, but it's still much too high.

Workers with jobs are making limited gains. While the number of jobs increased, the labor market remains remarkably loose. And that means corporations are able to get away with minimal wage increases. Average weekly earnings rose a smidge in October, to $795.42 from $793.70 in September. Average weekly wages are up just 1.8 percent in the past 12 months.

The trend is your friend. Each month, the Bureau of Labor Statistics looks back at the data reported in the prior two months and issues a revised figure on job creation. In the last two years, it has been common for prior months to be revised upwards. That trend continued. The August figure, previously reported as a gain of 57,000 jobs, was nearly doubled to a gain of 104,000 jobs. The September figure, originally reported as a 103,000 jobs gain was revised sharply higher to a gain of 158,000. In all, BLS discovered 102,000 jobs that it hadn't noted previously. So far this year, then, the economy has added 1.435 million jobs.

Here's something else that's repetitive: The jobs market won't do much to spur the bodies in Washington that have the ability to do something about the situation to act. The Federal Reserve is bound by its dual mandate to promote full employment. But Chairman Ben Bernanke on Wednesday essentially indicated that, even though the central bank is failing miserably at carrying out that mandate, he doesn't plan to do anything. And Congress and the White House are locked in their usual cycle of dysfunction. President Obama has proposed a series of measures that economists and neutral organizations agree would spur job creation. Republicans in the House and Senate, aided by a few Democrats, choose not to pass them. It's worth repeating: The recovery in the jobs market is taking place despite government, not because of it. And that's likely to be the case for next month as well.

Daniel Gross is economics editor at Yahoo! Finance.

Email him at grossdaniel11@yahoo.com
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