Textile workers feel credit crunch
by henrycopeland
Friday, October 3rd, 2008
Friday, October 3rd, 2008
Spectrum Yarn is laying of 200 textile workers because of lack of financing.
Assume this is happening in 100 other factories this week, 2 per state, that puts initial unemployment claims at 520k next week. If you see other specific reports of credit related closings, mail me or leave in the comments.