Use access key #2 to skip to page content.

alstry (36.13)

America Shutting Down......Faster and Faster

Recs

11

June 29, 2009 – Comments (16)

Expect to see more and more stories like the following:

Maintenance at Sacramento city parks will be reduced, park restrooms will be shuttered at nearly every park, and 13 day camps run by the city will close beginning next week -- part of the city's massive budget cuts.

The cuts take effect July 6.

Recreational swimming will stop at five city pools, while open swim at other pools will be closed one day a week, a city press release issued today states...

Restrooms will be closed at all parks but McKinley and Land Parks - both of which have their own maintenance crews.

Parks maintenance cuts come as dozens of workers are scheduled to lose their jobs Thursday.

http://www.sacbee.com/topstories/story/1987088.html

OAKLAND, Calif. -- The Oakland City Council is expected to decide Tuesday on a proposal that would cut millions of dollars from the Police Department's budget.

With the city facing an $83 million budget shortfall, council members are considering slashing 10 percent of the department's personnel budget.

http://www.sacbee.com/state_wire/story/1985750.html?storylink=lingospot_related_articles

Protesters had gathering at L.A. Unified headquarters to voice their displeasure over the school district’s budget.

Unified officials have already slashed almost $570 million from this year’s books, stopped offering most summer school classes and issued preliminary layoff notices to nearly 2,200 teachers in an attempt to balance the budget.

http://latimesblogs.latimes.com/lanow/2009/06/la-school-board-approves-huge-budget-cuts.html

Hmmmmm....no summer school, thousands of teachers fired, fewer police officers in high crime areas, no bathrooms in the parks........

Maybe Donner could donate a few billion to help resolve the shortfall?????  It's OK...even if he doesn't donate , Obamba is likley going to tax every dime we all have once we don't have enough to fund our military.

Go ahead, get mad at Alstry, doesn't make the issue any better.........interesting problem isn't it................................................?????????????????????????

16 Comments – Post Your Own

#1) On June 29, 2009 at 10:47 PM, alstry (36.13) wrote:

3M Co. management told employees Monday that it eliminated 1,000 jobs worldwide during the second quarter that ends today.

3M spokeswoman Jacqueline Berry said the actions are "related to market conditions." Minnesota's largest manufacturer has been battered by the global recession and projected in April that its second-quarter sales would decline by 15 to 20 percent.

More job cuts are coming.

http://www.startribune.com/business/49465457.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUX

 

Expect LOTS more job cuts coming.....

I wonder how many cars Deej thinks the millions of newly unemployed will be buying in the second half of the year?????

Report this comment
#2) On June 29, 2009 at 11:17 PM, alstry (36.13) wrote:

If this keeps up, the shutdown will be even faster than Alstry anticipated:

April General Fund revenue collections were
$621.3 million. This amount included $59.2
million in budgeted fund transfers from the
January Special Session. Excluding these
transfers and Urban Revenue Sharing, April
collections were (47.9)% below the prior year,
and $(505.9) million below the January revised
budget forecast.

 http://www.azleg.gov/jlbc/mfh-may-09.pdf

 

Report this comment
#3) On June 29, 2009 at 11:19 PM, ReadEmAnWeep (51.30) wrote:

Alstry, I have read a lot of your recent blogs (not this one yet sry, but I will). Just out of curiosty. Are you a perma-bear or do you have real reason to predict the end of american economy?

Report this comment
#4) On June 29, 2009 at 11:26 PM, alstry (36.13) wrote:

No, Alstry is not predicting the end of the American economy....simply the foundation for a new one.

 

The American economy did not end as we morphed from an Agricultural society into an Industrial one.....it was just a massive change for those that lived through it.....especially for the 80-90% of American's who were foreclosed upon and kicked off their farms.

 

Report this comment
#5) On June 29, 2009 at 11:43 PM, alstry (36.13) wrote:

IT IS NOT JUST AMERICA!!!!!!!!!!!!

This morning we saw hundreds of thousands of Russians losing jobs from the shuttering of casionos and parlors.  Now this about Japan from the NYT:

TOKYO — A group of young people recently gathered in a darkened park here. Holding placards and megaphones, they chanted slogans condemning the Japanese government and a lack of jobs and opportunity.

The scene, which is repeated often in the gritty Tokyo neighborhood of Koenji, is nothing close to the protests that have recently shaken Iran. Indeed, the protests would hardly raise an eyebrow in most parts of the world, but in this country, which values conformity, they represent a stark departure from the norm. Since the 1960s, when youth protests turned violent, even the mildest form of protests by young people has been viewed as taboo.

But the pain of recession is changing that, giving rise to a new activism among Japan’s youth, who have long been considered apathetic.

“I’m here because I want to change society,” one leader, Yoshihiro Sato, 28, recently shouted to a crowd of about 50. “Will you join me?”

Unlike the ’60s generation, which agitated to change the bourgeois basis of Japanese society, Mr. Sato and other young people are today fighting to join it. They are demanding greater professional opportunities, more job security and a stronger social safety net. Report this comment
#6) On June 29, 2009 at 11:51 PM, ReadEmAnWeep (51.30) wrote:

"The American economy did not end as we morphed from an Agricultural society into an Industrial one.....it was just a massive change for those that lived through it.....especially for the 80-90% of American's who were foreclosed upon and kicked off their farms."

 Just out of curiousity, this is the timeframe the grapes of wrath is based around?

Man, I hope we don't have crazy changed in life like they did back then. Where do you think it is headed?

Report this comment
#7) On June 30, 2009 at 2:38 AM, AdirondackFund (< 20) wrote:

It is headed off the edge of a cliff....by design.  What you do not realize is that these are 'natural' forces brought about by the actions of PEOPLE.  People are responsible for all that is occurring now.  Excess is excess, no matter how you slice it.  The Private Economy has been burdened long enough with the outrageous demands of our Government.  Most of those demands by Government are of an immoral nature to begin with, so being as they are immoral in their root, conflict will no doubt surface.  Now, guess who will win this tug of war?  Here's a hint.  It won't be the Government.  We are all about putting them out of business at this point in the cycle.  Better days are ahead once the mighty beast of Free Enterprise has shaken the fleas off of it's back and attended to it's own bleeding.  But these things take time.  Time few people have prepared for, or are even expecting at this very minute.  It is like death itself.  It always happens to the other guy.  And therein lies the sole root and cause of the entire operation. 

I think we did a pretty good job of it and I am proud of the results. 

Report this comment
#8) On June 30, 2009 at 3:23 AM, AdirondackFund (< 20) wrote:

Hey Alstry, get a load of this:

http://www.bloomberg.com/apps/news?pid=20601057&sid=aEtgUjK3mtFE

A lifelong friend of mine, who works on the floor of the NYSE, and who was up here two weeks ago fishing with me, told me he was leaving the floor.  He said there isn't any money in it anymore. 

Say goodbye to the floor operations in New York and Chicago.  Oh, and this is real....and it is very, very big. 

Report this comment
#9) On June 30, 2009 at 8:15 AM, alstry (36.13) wrote:

Ad,

What are your thoughts on how this plays out..........I mean to the end???

Report this comment
#10) On June 30, 2009 at 8:24 AM, alstry (36.13) wrote:

Lloyds cutting around 2,100 more jobs

 

 

Report this comment
#11) On June 30, 2009 at 11:17 AM, jddubya (< 20) wrote:

I give thanks that there is no "Anti-Alstry" who would likely post every single bit of news media that may have any positivity in it and then claim that the very same news media is lying for any articles with negativity.

MF blogging would become useless with all of the noise flying back and forth.

Report this comment
#12) On June 30, 2009 at 11:23 AM, alstry (36.13) wrote:

jd,

There is no equal but opposite Alstry because Alstrynomics is all about being RIGHT!!!!!!!!!!!!!!!!!!

Report this comment
#13) On June 30, 2009 at 11:24 AM, ati2ud (29.76) wrote:

good call jdub

Report this comment
#14) On June 30, 2009 at 12:13 PM, BlkAngus10 (33.40) wrote:

Thanks for the common sense comment jddubya, it's always reassuring to see that some people still possess it.

Report this comment
#15) On June 30, 2009 at 7:06 PM, mts4243369 (< 20) wrote:

But we can disagree with reason when we think he's wrong. You've got some good stuff alstry, but your not always right.

Report this comment
#16) On June 30, 2009 at 9:32 PM, ReadEmAnWeep (51.30) wrote:

Sry Alstry I have to say it. You lost a lot of credibility to me after I read a few of your posts.

You can't believe anyone who is so stuck on one side that everything that contradicts it is ignored (Thank you jdub)

Your only option is to ignore this person because they are no longer credible.

 

Report this comment

Featured Broker Partners


Advertisement