This is sad. Time runs out for nearly century-old Michigan clock company due to tariffs, other factors Associated Press Finance Fri, July 11, 2025 at 11:09 AM ZEELAND, Mich. (AP) — A Michigan clock company that has helped people keep time for 99 years says it's going out of business due to tariffs and other economic conditions. Howard Miller Co., which makes grandfather clocks, wall clocks and furniture, said production will be phased out this year. The company will stick around in 2026 to sell its inventory. “We are incredibly disappointed to have reached this point in our journey,” CEO Howard J. “Buzz” Miller, grandson of founder Howard C. Miller, said Thursday. The Zeeland-based manufacturer, 175 miles (281.6 kilometers) west of Detroit, has sought a buyer but so far hasn't found one. “Furniture sales are closely linked to the health of the housing market, which is struggling,” Miller said. “Our hopes for a market recovery early in the year were quickly dashed as tariffs rattled the supply chain, sparked recession fears and pushed mortgage rates higher. The furniture industry continues to shed jobs and announce plant closings." Miller said tariffs imposed by the Trump administration have increased the cost of essential components that aren't available in the U.S. The company employs roughly 200 people in Michigan and North Carolina. The closing of Howard Miller also includes Hekman Furniture Co., which it acquired in 1983. The clock business was founded in 1926.
Looks like a bad sell by me> NasdaqGS - Nasdaq Real Time Price•USD Kratos Defense & Security Solutions, Inc.(KTOS) 51.75 +5.48 (+11.85%)
Q-: How much money do you need to feel financially comfortable? The magic number to feel financially comfortable is $839,000 — a big jump from $778,000 in 2024. To be considered “wealthy” people think it takes $2.3 million, up from $1.9 million in 2021.
That's from Charles Schwab’s 2025 Modern Wealth Survey out this week. So while the white house says inflation is dead actual people see it differently. This out of touch and downright lying will get them swept in the mid cycle replacement election. Why the long faces? The rising cost of living, a sense that the economy is worsening, and high interest rates are to blame. “People feel like the bar to achieving wealth has gone up as they think about the effects of forces like inflation,” Rob Williams, managing director of financial planning at Charles Schwab, told Yahoo Finance. “People are focused on the challenges of the here and now, while their financial futures are harder to grasp.”
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Stoney there is no inflation to speak of right now. It reached it's high of 9%, a 40 year high under Biden. Some economists think we were in a deflationary mode until Trump did the tariff thing, and that is why our inflation rate has remained relatively stable for now. Maybe that's because companies front loaded inventories and we'll get a jolt in the coming months, or maybe not. But right now, what you wrote is incorrect.
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