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What is the Message – From Far Away Bulawayo?

Touch the Soil News #512 Where is Bulawayo? It’s a city of 1.2 million people in Zimbabwe in the deep south of Africa. Bulawayo was historically known as the industrial center of Zimbabwe. However, severe economic contraction has left the industrial sectors of the city vacant and deteriorating. And it’s not that what was produced in Bulawayo is not needed – textiles, engineering, metals, blankets and shoes. Through a combination of financial maneuverings and unhealthy competition – whole cities (even nations) can be left behind. The popular phrase “no person left behind” explains frustrations by Americans about the economic landscape (or lack thereof) leaving people behind. Tthe larger world is…

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Ruby Tuesday Says Goodbye to 95 Restaurants

Touch the Soil News #460 The food chain is a great place to take the pulse of the economy. Unfortunately, the Ruby Tuesday Restaurant chain of some 724 restaurants is painfully showing a down pulse. The company just announced that it was closing 95 restaurants (13 percent of its locations) as early as next month (September). Talk is that they might close another 5 to 10 more. The reasons given were drops in sales over the past two years. Ruby Tuesday closed 30 of its restaurants in 2014 and another 12 in 2015. All in all from two years ago, Ruby Tuesday may end up closing close to 20 percent…

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