Massive Layoffs Coming Everywhere | |
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Anonymous Coward User ID: 770865 United States 02/01/2010 07:35 PM Report Abusive Post Report Copyright Violation | AWESOME! Quoting: Anonymous Coward 787523MORE UNEMPLOYMENT TRANSLATES INTO HIGHER STOCK PRICES. KEEP ON LAYING PEOPLE OFF AND WE'LL ALL BE RICH. Lol yup...more revenue and more productivity to the poor saps that are stuck and afraid of losing their job...gotta love being corporate America |
acer51 (OP) User ID: 624823 United States 02/01/2010 07:37 PM Report Abusive Post Report Copyright Violation | AWESOME! Quoting: Anonymous Coward 770865MORE UNEMPLOYMENT TRANSLATES INTO HIGHER STOCK PRICES. KEEP ON LAYING PEOPLE OFF AND WE'LL ALL BE RICH. Lol yup...more revenue and more productivity to the poor saps that are stuck and afraid of losing their job...gotta love being corporate America Productivity the new America! That's all we have left to give. |
acer51 (OP) User ID: 624823 United States 02/01/2010 07:39 PM Report Abusive Post Report Copyright Violation | 2011. Cavazos' proposal would eliminate 1,379 of the city's 16,000 positions, though a third of the targeted positions are vacant. The Police Department would lose about 353 sworn positions, from patrol officers to assistant chiefs. The Fire Department would cut 144 sworn jobs. The cuts represent about 18 percent of the total sworn police and fire force. Six of the city's 15 library branches, five of its senior centers and numerous sports complexes and community centers would be shuttered. Funding for the arts and after-school programs would be slashed. And bus routes and light-rail hours would be reduced. |
acer51 (OP) User ID: 624823 United States 02/01/2010 07:44 PM Report Abusive Post Report Copyright Violation | Pennsylvania Capital Should Weigh Bankruptcy, Controller Says y Dunstan McNichol Jan. 26 (Bloomberg) -- Harrisburg, Pennsylvania, the capital of the sixth-largest U.S. state by population, should skip a $2.2 million debt service payment due Feb. 1 and consider bankruptcy, City Controller Dan Miller said. Harrisburg faces $68 million in payments this year in connection with a waste-to-energy incinerator and should weigh Chapter 9 protection from creditors or state oversight through a program known as Act 47, Miller said today. Chapter 9 bankruptcy allows municipalities to reorganize rather than liquidate. The alternatives are to sell assets such as an historic downtown market; an island in the Susquehanna River that includes the city’s minor-league baseball stadium; and the city’s parking, sewer and water systems, according to a preliminary 2010 budget and an emergency financial plan submitted yesterday. “What I’m suggesting is we stop paying the debt service until we have a plan or we decide which way to go, in bankruptcy or Act 47,” Miller, a former city council member who became controller this month, said in a telephone interview. “I think it could save our assets instead of selling them.” Mayor Linda Thompson, who unseated 18-year incumbent Mayor Stephen Reed in a Democratic party primary last year to lead the city of 47,000, didn’t return a call to her office for comment. Thompson is scheduled to present her budget proposal to the city council tonight. The council has until Feb. 15 to adopt a final budget. Asset Sales, Fees Management Partners Inc. of Cincinnati, a consulting firm hired to study the city’s finances, recommended selling assets, raising city inspection and recreation fees, and reopening city labor contracts. Harrisburg owes a total of $68 million in payments it guaranteed on bonds issued by the Harrisburg Authority for the incinerator and on a $35 million working capital loan for the project. The city skipped more than $3.5 million in debt service and swap payments last year, prompting draws on reserves and back-up payments by Dauphin County, where Harrisburg is located, which has sued the city to recover its payments. Harrisburg’s debt was downgraded to high-yield, high-risk junk status by Moody’s Investors Service in October. Moody’s lowered the city’s rating to Ba2 from Baa2, the second-lowest investment grade. The city’s credit rating could be lowered further after an analysis of the steps taken to address future payments on debt and two interest-rate swaps that are costing about $800,000 a year, Moody’s said in an Oct. 19 report. |
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Anonymous Coward User ID: 785073 United States 02/01/2010 07:54 PM Report Abusive Post Report Copyright Violation | I work in Hershey, Pa. which is only 20-30 minute drive away from Harrisburg and were currently going through some very difficult contract negotiations between our company and union too. I feel that most of the Harrisburg/Hershey area have not noticed any significance towards the economical impact on their personnel lives but I suspect that this is going to slowly change for the worse. |
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acer51 (OP) User ID: 624823 United States 02/01/2010 11:11 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 871925 United States 02/01/2010 11:24 PM Report Abusive Post Report Copyright Violation | But but but the left claims BO saved all the teacher's and fire and police jobs with the first and second stimulus bill, right? Quoting: Anonymous Coward 867669Dont worry.. if you need some loven and don't got no money Michele Obama will share some Loven your way... her and the girls are setting up at Mustang Ranch in Nevada.. they are taking over the loans the FDIC made to the WHore Houses and its sorta right up her ally she knows all about screwing AMERICA.. her and he largest staff of assistants to a First Lady... Thank you for all you do for us Barack. |
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Fantasia II Koo Koo Ka Choo User ID: 839765 United States 02/02/2010 12:49 AM Report Abusive Post Report Copyright Violation | My heart goes out to anyone who has lost their jobs. George Orwell was right..Black is White, Up is Down, War is Peace... "Never believe anything until it has been officially denied." Yesterday is history.......Tomorrow a mystery.......Today is a gift......thats why we call it the Present!!! |
Anonymous Coward User ID: 742489 United States 02/02/2010 08:41 AM Report Abusive Post Report Copyright Violation | The problem is that most cities, and state governments are run by democrats ( leftists ) who always crave " more revenue ". When they keep spending more than they take in, they immediately want tax increases. What cities and state legislatures should do is: Eliminate the position of mayor. Let the city council decide by majority vote. That eliminates the need for "bodyguards". Lay off city employees who don't actually accomplish anything, and have titles like assistant so and so, in the Department of Uselessness. States should fire at least 25 % of teachers, and increase class sizes. Combine school districts so that you don't waste money on all those duplicate positions, like Superintendents. There is a LOT of FAT in city and state government to cut, but democrats never do that. Instead they frighten the public by saying they "NEED" to lay off police and firefighters. It's all BS. |
acer51 (OP) User ID: 624823 United States 02/02/2010 09:38 AM Report Abusive Post Report Copyright Violation | The problem is that most cities, and state governments are run by democrats ( leftists ) who always crave " more revenue ". Quoting: Anonymous Coward 742489When they keep spending more than they take in, they immediately want tax increases. What cities and state legislatures should do is: Eliminate the position of mayor. Let the city council decide by majority vote. That eliminates the need for "bodyguards". Lay off city employees who don't actually accomplish anything, and have titles like assistant so and so, in the Department of Uselessness. States should fire at least 25 % of teachers, and increase class sizes. Combine school districts so that you don't waste money on all those duplicate positions, like Superintendents. There is a LOT of FAT in city and state government to cut, but democrats never do that. Instead they frighten the public by saying they "NEED" to lay off police and firefighters. It's all BS. Agreed there is always a lot of excess to be cut, but then what do you do with all the unemployed people? You have just moved them from one payroll to another. We are still going to be paying them. Too many people? |
itdincor User ID: 588013 United States 02/02/2010 12:17 PM Report Abusive Post Report Copyright Violation | Less cops, more potholes, less teachers.... Quoting: Anonymous Coward 624823This is the doom that will hit the average joe right smack in the face. They will have no choice then, but to finally open their eyes to what the rest of us have seeing for the last few years. Folks begin to awaken. A bit late, I admit, but at least the general public begins to realize what's been going on behind their backs. |