Ironic Tidbit Du Jour: Decline in Foreclosure Notices Forces Layoffs

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    Oct 09, 2012 6:32 PM GMT
    Decline in foreclosure notices prompts layoffs at Bend Bulletin
    Published: Tuesday, October 09, 2012, 10:49 AM Updated: Tuesday, October 09, 2012, 11:01 AM
    By The Associated Press

    The parent company of The Bulletin newspaper of Bend announced it is reducing employees because of a loss of revenue from foreclosure notices.

    Western Communications, which also published the Redmond Spokesman and five other papers, says the cuts affecting less than 10 percent of the company's nearly 400 workers will be accomplished through layoffs and attrition.

    The Bulletin newspaper reports that new legal and legislative requirements caused banks to abandon the non-judicial foreclosure process, practically eliminating foreclosure notices from Oregon newspapers.

    The company says the absence of those notices has resulted in hundreds of thousands of dollars in monthly losses.

    WesCom President and Bulletin Publisher Gordon Black says the painful cuts ironically come at a time when The Bulletin's circulation is increasing.

    -- The Associated Press

    I have to admit that I did pretty well during the worst of the slump, doing water tests that were required for all those real estate transactions. That's all dried up now.
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    Oct 09, 2012 6:36 PM GMT
    Don't worry. If R&R gets elected, the foreclosure bubble will re-inflate...with gays being fired and kicked out of their homes for being gay.