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alstry (35.74)

Heart Wrenching Cuts Across America

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September 23, 2009 – Comments (8)

Today we learned Conde Nast was cutting 25% of its magazine budgets of its many titles....now here comes another 25% cut from California.....

This was not a happy hump day at the San Jose Redevelopment Agency.  Today 24 staff members learned they are being laid off thanks to the state's budget trouble.  That is nearly 25 percent of the staff.

The agency said it had no choice because it was faced with a "monumental taking by the state of California of $88 million."

The layoffs follow a $2.5 billion cut in state funding for all redevelopment agencies in the state. Specifically, San Jose lost $62 million this year and will lose another $13 million next year.  That's in addition to a $13 million cut in 2008.

Projects are on hold and people are out on the street.

Somehow the cuts add up to an annual savings of $3,071,072.

The executive director called the layoffs heart-wrenching.

"The state has left us with few options. As we are forced to halt or scale back Agency-funded projects, we must begin the process of significantly scaling back our budget and our capital program to pay the State.  Much of our staffing is project-oriented, and with the significant reduction in projects, there were no other options,” Harry Mavrogenes said.

http://www.nbcbayarea.com/news/local-beat/One-in-Four-SJ-Redevelopment-Workers-Laid-Off-60823362.html

Keep watching the ticker FOOLS as the Zombulator unleashes the September Slasher....soon few will be paying taxes as 2/3 of Americans depend on Social Security for their primary source of retirement income....

Billions in funding cut off....projects cutting back.....jobs slashed.......and the recession is ending????????

When you anger the people enough.....pretty soon they get angry back!!!!!!!!!!!!!!!!!

Angry workers beat to death a human resources vice president after he laid off 42 employees at an auto-parts manufacturing company in southern India, police said Wednesday.

8 Comments – Post Your Own

#1) On September 23, 2009 at 11:01 PM, alstry (35.74) wrote:

ANGER AND FRUSTRATION RISING WITH MASSIVE JOB CUTS

Massachusetts Gov. Deval Patrick said Wednesday that he has instructed state employees to stop doing business with Hyatt hotels until it rehires 100 housekeepers it fired last month.

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#2) On September 23, 2009 at 11:28 PM, oshiri (< 20) wrote:

Earning reports Al, earning reports.

What will the end of Q3 bring?

Does anyone actually believe it'll be rosy in the "UNITED STATES?" 

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#3) On September 23, 2009 at 11:38 PM, alstry (35.74) wrote:

ohsi,

Many place will be contrained......Japan's exports down 36%...that is 11 months in a row....

As the cuts keep getting deeper and deeper!!!!!

SACRAMENTO, CA - The California Department of Corrections and Rehabilitation is sending out layoff notices to employees in adult inmate and parolee rehabilitation programs.

CDCR said pink slips have gone out for 1,437 positions. The department is cutting $250 million from its approximately $600 million adult services budget as part of nearly $1 billion the governor and lawmakers lopped from its 2009-10 budget.

IT IS AMAZING HOW FEW REALLY SEE WHAT WILL HAPPEN TO A MASSIVE CONSUMER ECONOMY WHEN YOU DON'T HAVE MANY CONSUMERS

It's another sign of the times, but this may not be the end in Baltimore City. The board that oversees spending voted to eliminate 27 city positions and have employees take at least five furlough days.

DEFINITELY NOT THE END.....JUST THE BEGINNING UNLESS WE RESTRUCTURE

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#4) On September 24, 2009 at 12:51 AM, alstry (35.74) wrote:

AS JOBS GET TIGHTER...EXPECT TRADE WARS TO GET HOTTER....NOW PAPER

United Steelworkers and three paper firms filed antidumping petitions against China and Indonesia, making good on the union's threat to protect other U.S. industries after winning a recent trade decision against China.

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#5) On September 24, 2009 at 1:03 AM, oshiri (< 20) wrote:

To sow more seeds of love . . .

     China is potentially undermining US-led efforts aimed at curbing Iran's nuclear ambitions by supplying the Middle Eastern state with petrol

 http://www.google.com/hostednews/afp/article/ALeqM5iLM9ssQSD5vdetcFeX7pw7kTty1Q

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#6) On September 24, 2009 at 1:27 AM, Seano67 (30.93) wrote:

Well, it's obviously a real drag to see all these government workers getting laid-off or furloughed, and your best wishes have to go out to them and their loved ones...but, you also have to be realistic about it. This needed to happen, it's needed to happen for a while now, and it needs to keep on happening, because government- from federal on down to local, had simply grown too large. You've got these layers of entrenched governmental bureaucracies who do nothing but shuffle papers around, and those people need to go.

This is not the country our Founding Fathers thought it would be and dreamed that it might. They wanted the most bare-boned and minimal governmental presence as possible. Hell, they fought and died in the struggle against Big Government in the form of George III and the British Empire. But over the past 70 years or so, our government has just ballooned outward into everywhere and into nearly every area of our life. 

That needs to stop. Aside from being wrong and in contravention of the principles under which this country was founded, it's unsustainable, and of course there will be pain along the way. A forced deleveraging is always a wrenching process, but it has to happen. You have to go through the hard times, before you can get back to the good. 

Hey, I can live if the Post Office only delivers mail four days a week, even three, and so on and so forth. We'll have to make some sacrifices and lose some of the more comfortable aspects that our nanny government has provided for us. Oh well, life goes on...

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#7) On September 24, 2009 at 3:18 AM, weg915 (< 20) wrote:

I think the question is what is being done to mitigate conditions for the consumer.  If you are going to fire people (as the states must, they don't have the luxury of not meeting budgets) and still leave their debt as is, what happens? 

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#8) On September 24, 2009 at 7:24 AM, alstry (35.74) wrote:

Weg,

Exactly.  Plus other expenses need to be adjusted like property taxes, health insurance etc.....America is two completely different economies when it goes from consumer to savings.  In one economy, there is lots of spending,  in the other there is much less.

When people spend much less, and you  are a consumer economy, sales evaporate at every level.

This is happening all around the world as 25% employee cuts is becoming more and more common.

Russia car maker Avtovaz to cut 27% of jobs

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