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Posts Tagged ‘out of business’

The Price of Cheap: The Hidden Cost of E-Commerce

For years “energy independence” has been the catch-all solution promoted by politicians, talk radio hosts, newspaper columnists and others who point out that the U.S. is short on oil refining capacity. Nonetheless, petroleum production facilities are not only in the process of downsizing in response to a weak economy, but permanently so the Los Angeles Times reports in “Oil companies look at permanent refinery cutbacks” [March 11, 2010].

The oil industry, which as recently as 2007 broke so many profit records that allegations of collusion and price-gouging surfaced, is singing a different tune: Limiting supply to increase sagging profit margins is the solution, analysts say, for losses induced by everything from fuel efficient cars to retiring baby boomers who no longer commute to and from work.

And to think: Just a few years ago SUVs, with their paltry ~13 mpg, were the rage from Coast to Coast. Could it be that Cash for Clunkers, unintentionally so, was a little too effective — or are oil industry insiders selling Americans up the river when they can least afford it? Whatever the case may be, nothing says Green like fuel-efficient automobiles and the beginnings of an alternative energy infrastructure. Even so, the picture the LAT paints is far from complete. The Perfect Storm of tightening supply, increasing commodity prices, rising taxes and further job losses looms on the horizon.

Hang on to your hat! The price of life is going up.

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Job Loss Breaks Social Ties — Starting Over

Don’t be a stranger.

That’s the message of a 45-year-long study according to US News and World Report in “Job Loss Has Long-Term Impact on Social Lives“.

Once someone in the prime of life suffers a layoff or is otherwise displaced from the workforce, community connections — anything from a PTA meeting, charity involvement, sporting team or church attendance — are severed for good at least 35 percent of the time, study results show.

Perhaps this comes as a surprise. It shouldn’t. How many of us have grown distant from someone simply because they left our school, workplace, club or church?

And how many of us, by the same token, have isolated ourselves because we fear that others will judge us when the chips are down?

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