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They have been trying to find a buyer since last January, and if they don't find one by this january, they will close thier doors. Definatley sucks for all those families dependant on that income.....
The unemployment rate alone, as calculated back in the great depression days, is closer to 20-22%. The gov't changed how the calculated this decades ago to make it look better than it is. The great depression was 25%.
Our economy hasn't really improved since the last bubble burst, it's been pretty stagnant.
The only people not calling it a depression are the economists that helped create this mess in the first place and the politicians that don't want a depression started on their watch.