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alstry (35.21)

11.10.9....We May NEVER Look The Same

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October 12, 2009 – Comments (10)

ALSTRYNOMICS REALITY:

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."

http://www.wcfcourier.com/news/local/govt-and-politics/article_c0dbb9ea-b73b-11de-95d0-001cc4c002e0.html

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.

http://www.vvdailypress.com/news/victorville-14981-approve-budget.html

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.

http://www.videobusiness.com/article/CA6701487.html

ECONOMICS.....

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.

10 Comments – Post Your Own

#1) On October 12, 2009 at 2:08 PM, catoismymotor (36.11) wrote:

Son, if you don't learn a new tune I'm gonna have to eBay your guitar.

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#2) On October 12, 2009 at 2:13 PM, alstry (35.21) wrote:

Just curious...what are your thoughts about America shutting down???

Thanks again for reading and commenting.

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#3) On October 12, 2009 at 2:25 PM, bridgeboy0 (82.40) wrote:

99.8, 99.4, 99.0...  What is happening to your CAPS score?  I mean the S&P is up 50%, you would think it would not be that hard to find stocks doing worse than that YTD. 

What has happened to your insight into the market and the economy?

I wouldn't normally point this out, but I seem to remember when you were riding high how you'd scoff at people's opinions because of their scores were not very high.  How's it feel to reap what you sowed?

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#4) On October 12, 2009 at 2:28 PM, alstry (35.21) wrote:

Now we play for the Gold......

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#5) On October 12, 2009 at 3:08 PM, FreundInvesting (29.60) wrote:

Alstry, what's 11/10/09?

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#6) On October 12, 2009 at 3:11 PM, alstry (35.21) wrote:

In 9.09 you knew America was bankrupt.....by 11.10.9....you will Feel that America is bankrupt.

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#7) On October 12, 2009 at 3:20 PM, alstry (35.21) wrote:

Banks squeezing entrepreneurs
U.S. banks are reducing their lending to businesses at the fastest rate on record, threatening to derail the economic recovery.


In 9.09...you KNEW banks were cutting off credit to the economy....by 11.10.9.......you will FEEL what happens to a credit dependent economy when the banks cut off credit....especially a leveraged credit dependent economy.

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#8) On October 12, 2009 at 4:15 PM, cudakhan (< 20) wrote:

For all fairness, 9.09 was not a prediction that America was bankrupt.  That happened a long time ago if you recall.  9.09 was MOAP, the end of the finanical world as we know it.  Currency would no longer be the standard in governing how things are distrubuted.  We were going to be purchasing wagons in exchange for a couple of sheep or my daughter's hand in marriage, if you recall.

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#9) On October 12, 2009 at 5:26 PM, JerseyShoreGirl (< 20) wrote:

 Zero Hedge (10/12/09):  Why Did U.S. SDR Holdings Increase Five Fold In The Last Week Of August?

http://www.zerohedge.com/article/why-did-us-sdr-holdings-increase-five-fold-last-week-august

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#10) On October 12, 2009 at 5:34 PM, dare1182 (< 20) wrote:

alsrty

           dude, I thought you said you're quitting for a while.. jesus christ,what happened?.........you must be a republican.. Listen the world is not going to end, ok? and america is not going to vanish, ok? now please do what you said you will and stop blogging. I could defintley tell that business must be down big time wherever you work.

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