11.10.9....We May NEVER Look The Same
DES MOINES - The chief justice of the Iowa Supreme Court today put judicial branch employees on notice that employee layoffs are in the offing.
Chief Justice Marsha Ternus issued a memo to judicial officers and judicial branch staff that "a reduction in our workforce is unavoidable" given that 95 percent of the court system budget is personnel-related costs and the court must cut $16 million to meet a 10 percent reduction in state spending ordered by Gov. Chet Culver last week.
"None of our options for reducing expenses are good," Ternus said in her memo. "The cuts are so deep that our organization may not look the same after the required reductions are implemented."
MORE AND MORE COLLEGES AS WELL....
VICTORVILLE • Victor Valley College’s Board of Trustees is slated to approve its annual budget on Tuesday, finalizing a slew of cuts to student services, several layoffs and other costsavings measures.
Despite pleas against the action by students and staff, VVC trustees voted 4-1 in August to eliminate up to 28 positions and slash funding for programs that serve students with learning disabilities, low incomes, childcare needs and more.
NOW COMPANIES ARE CUTTING 1/3 OF WORKFORCE AT A TIME.....
Studio-backed startup ZillionTV, which is developing an Internet-to-the-TV service, has reportedly laid off almost one-third of its work force.
"As a result of our expanded go-to-market market strategy announced last month, the company has realigned its resources to support this growth," ZillionTV senior vice president of global marketing Liz Davidoff said in an e-mailed statement.
The Sunnyvale, Calif.-based company -- backed by Walt Disney Co., 20th Century Fox Television, NBC Universal, Sony and Warner Bros. -- had previously reported having about 100 employees.
More than 80% of top economists believe that the recession that started almost two years ago is finally over. But most don't expect meaningful improvement in jobs, credit or housing for months to come.
That's according to a survey released Monday by the National Association for Business Economics (NABE). The group asked 43 top economists last month if they believe the battered U.S. economy has pulled out of the worst U.S. downturn since World War II. Those surveyed include economists from leading Wall Street firms and major corporations, as well as from highly respected universities and research firms.
Thirty-five respondents, or 81%, believe the recovery has begun. Only four, or 9%, believe the economy is still in a recession. The other four say they're uncertain.