I live in Rochester, NY., the home of Eastman Kodak.
Kodak used to be the largest employer in the area. On their bonus days, appliances and cars went on sale and the economy flourished. Well, those days are over and the empty buildings and parking lots are depressing to drive past and many other local businesses had to close their doors.
Retirees from there have seen there benefits reduced long after they retired. Insurance co-pays for them are now monstrous and if you took your bonus in the form of Kodak stock options, you now own very expensive toilet paper.
A friend of mine retired four years ago and his benefits were so slashed he had to find another job.
We deal in lead, friend.
