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alstry (36.00)

Justice Delayed Is Justice Denied

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December 28, 2009 – Comments (2)

I predicted that based on a zombulation policy, many contracts around the nation would not be able to be fulfilled......in addition, there would be a lot of negative social fallout from the effects of zombulation jamming up the court system..........it appears the distress is now palpable in the court system.

New York State’s courts are closing the year with 4.7 million cases — the highest tally ever — and new statistics suggest that courtrooms are now seeing the delayed result of the country’s economic collapse. The Great Recession may be showing signs of easing, but the legal fallout from the financial troubles, the numbers suggest, may have only just begun.

And the increase in New York offers a preview of the recession-related cases showing up in courts across the nation.

New York’s judges are wading into these types of cases by the tens of thousands, according to the new statistics, cases involving not only bad debts and soured deals, but also filings that are indirect but still jarring measures of economic stresses, like charges of violence in families torn apart by lost jobs and homes in jeopardy.

http://www.cnbc.com/id/34607983

If we don't restructure soon......

2 Comments – Post Your Own

#1) On December 28, 2009 at 1:20 PM, alstry (36.00) wrote:

Our Court System is clogging up......our churches shutting down.....and now are cities are getting squeezed......all as we approach 1.01.10......but we are told things are improving?????

Dec. 28--BOONEVILLE -- Booneville city employees will see a 10 percent pay cut when they open their first pay envelopes in 2010.

Aldermen agreed this month to impose a temporary, across-the-board salary reduction in order to meet the city's cash flow needs until tax collections come in after the first of the year.

Mayor Joe Eaton said the 10 percent amount will save the city between $37,000 and $40,000 per month. He did not say how long the cut would stay in effect.

"We've been dealing with budget cuts ever since we took office," said the mayor, whose term began in the summer. "We've had some employees who left their jobs voluntarily and we haven't replaced them, and we've been putting cost-cutting measures in place through the summer and into fall."

The salary reduction took effect with the pay period beginning Dec. 21, and will be reflected in the first paycheck of the new year.

In addition to savings from the salary decreases, the city has borrowed $50,000 from the city gas department and $50,000 from the city water and sewer department until early next year.

"Some businesses are delaying their tax payments until after the first of the year because they have that option," Eaton said. "Our situation is worsened because we lost two car dealerships earlier this year and the tax on new car sales as well as a couple of industries, and we're beginning to feel the effects of all that."

http://www.industrial-lasers.com/display_news/139363023/39/pennwellils2/Booneville_employees_take_10_cut_in_pay

At some point, despite the income, the cash flow becomes so low that the system can no longer be sustained.  It is not the end of the world, just the end of a world as we know it.

Seventy-five years of live dog racing in Massachusetts came to a close yesterday as the former Raynham-Taunton Greyhound Park transitions to focusing on simulcast races from other parts of the country.

Patrons and employees, who turned out in massive numbers yesterday, were largely somber.

For Peter Burke, director of racing, the Raynham track had been a family affair for years.

“I’ve been here 28 years, my two daughters work here, their mom works here,’’ he said. Burke started as a lead-out, walking the dogs from the kennel to the starting gates, and worked his way up to being in charge of all racing at the track. But he’s not sure what he’s going to do for work now that the racing has ended.

“It’s not easy. There’s nothing out there,’’ he said.

http://www.boston.com/news/local/massachusetts/articles/2009/12/27/gates_close_on_live_racing_at_raynham/

UNLESS YOU WORK FOR A WALL STREET BANK OR FEDERAL GOVERNMENT WHERE THERE IS AN UNLIMITED AMOUNT OF FREE MONEY FOR THE TAKING.

 

 

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#2) On December 28, 2009 at 1:50 PM, alstry (36.00) wrote:

At the Z point, cash flow becomes so low that no matter how much you are taxed, even 100%, it is not enough!!!!!!

The Cochrane-Fountain City School Board voted to raise Property Tax levy by 14 percent for 2010

Remember, more than half of Federal Spending right now is deficit spending.....unless we deal with this issue very soon, rest assured it will deal with you.

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