Kiss The High Paying Jobs NAH NAH NAH NAH........GOODBYE!!!!!!!
A major round of layoffs got under way this morning at AstraZeneca’s U.S. headquarters in Fairfax and around the world.
THE MONEY IS SIMPLY RUNNING OUT........YOU KNEW IN 9.09 WHEN THE FDIC WAS BROKE, FHA WAS BROKE, AND PENSION GUARANTY BROKE ALL AT THE SAME TIME.....NOW IT HAPPENS AFTER 1.01.10
Barack Obama's home state of Illinois is near the point of fiscal disintegration. "The state is in utter crisis," said Representative Suzie Bassi. "We are next to bankruptcy. We have a $13bn hole in a $28bn budget."
The state has been paying bills with unfunded vouchers since October. A fifth of buses have stopped. Libraries, owed $400m (£263m), are closing one day a week. Schools are owed $725m. Unable to pay teachers, they are preparing mass lay-offs. "It's a catastrophe", said the Schools Superintedent.
In Alexander County, the sheriff's patrol cars have been repossessed; three-quarters of his officers are laid off; the local prison has refused to take county inmates until debts are paid.
Florida, Arizona, Michigan, New Jersey, Pennsylvania and New York are all facing crises. California has cut teachers salaries by 5pc, and imposed a 5pc levy on pension fees.
The above from Mish's blog.