The Byproducts of the War on Iran
Iran’s control of the Strait of Hormuz affects not just oil and fertilizer, but also the many oil- and gas-based inputs essential to everyday goods.
By Mark Heschmeyer |February 4, 2009
In this week's issue:
* Sacked: 2008's brutal tally of job losses.
* Macy's cuts workforce by 3.9%; reduces capital expenditures; reorganizes.
* Starbucks closing 300 more stores; cutting 6,700 jobs.
* Plus, a whole new round of major U.S. corporation closures and layoffs were announced in California, Florida, Georgia, Illinois, Indiana, Michigan, Mississippi, Nevada, New Jersey, Ohio, South Dakota, Tennessee, Texas, Virginia and Washington.
Read the rest of the report.