Kroger Hit By A Flood Of Store Closures As A Nightmarish Scenario For Retail Bankruptcies Begins
Epic Economis, March 28, 2023
Now one of the most famous grocery chains in the U.S. is getting hit by a massive wave of store closings as a nightmarish scenario for retail bankruptcies starts to unfold. Earlier this month, a spokesperson confirmed that Kroger is shuttering multiple stores, and by early 2024 over 400 locations could go dark permanently. Thousands of jobs will be slashed and many communities may lose their main grocer. And the worst part is that Kroger will not be the only one.
The news came as a surprise to many, given that Kroger has been a staple in the grocery industry for decades. "As part of a recent real estate portfolio review, we expect to close 11 stores in April," Teresa Dickerson, a Kroger spokesperson, said in a March 2 press release. "The closing stores, on average, are approximately 30% larger than our current prototype and are underperforming financially."
NATIONAL CATASTROPHE! California Farmers Suffering Record Losses from Flooding as "Worst is Yet to Come"
by Brian Shilhavy, March 29, 2023
With the threat of a World War 3 escalation into a nuclear conflict, while the world’s financial system is on the brink of collapse, it is easy to see why a local, regional news story about the weather will not make national headlines.
But there is a local, regional story developing in California that I guarantee will eventually make national headline news, as the flooding continues with more heavy rain and snow this week, and with local officials declaring that in terms of the flooding and damage, "the worst is yet to come."
With California producing over half of America’s agriculture, this is indeed HUGE news, as this is also going to affect food prices around the world, since many of California’s agricultural products, a $51 BILLION economy, are exported outside the U.S.
The main reason this is not a major worldwide headline, yet, is because there are still very few estimates as to how high the losses are going to be, since the farming community in California is just trying to survive right now, bracing for new storms that entered the State yesterday and are continuing today.
Medical Cannabis Cultivation Bill Approved in New Hampshire House
by Nicole Potter, March 24, 2023
A New Hampshire bill that would allow medical patients to grow their own plants recently passed in the state House of Representatives.
PAHouse Bill 431 was introduced on Jan. 5, 2023, and has proceeded through numerous sessions and hearings before passing in the House on March 22. If passed, it would allow patients as well as caregivers to cultivate up to three mature plants, three immature plants, and 12 seedlings at home. Additionally, HB-341 would also increase the number of plants that medical cannabis dispensaries can grow, with 80 mature plants, 160 immature plants, and an endless number of seedlings.
The bill requires that patients report their cultivation to the Department of Health and Human Services, and as a qualifying patient or caregiver, would be protected from arrest by state or local law enforcement or penalty under state or municipal law.
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