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alstry (35.88)

Kiss The High Paying Jobs NAH NAH NAH NAH........GOODBYE!!!!!!!

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March 02, 2010 – Comments (5)

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.

5 Comments – Post Your Own

#1) On March 02, 2010 at 3:31 PM, alstry (35.88) wrote:

EVERYBODY WILL SOON FEEL THE ZOMBULATOR....CAN YOU SAY PLEASE DON'T HURT ME BENNY?

15,000 SF CA Union Workers Brace for Layoffs / Reduced Hours 

The Greeks prefer olive oil:

Greece Said to Announce $6.5 Billion in Deficit Cuts

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#2) On March 02, 2010 at 4:36 PM, JerseyShoreGirl (< 20) wrote:

Alstry .. gotta check out this analysis!

 http://economicedge.blogspot.com/2010/03/economic-reality-check.html

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#3) On March 02, 2010 at 5:08 PM, alstry (35.88) wrote:

Interesting....as America prepares to fire or slash the wages of millions upon millions of workers........as we enter the digital age.

Postal Service Outlines Sweeping Changes

New Jersey Transit - Next week More Details on Job /  Service Cuts, and Fare Hikes

Cummins Inc Columbus MidRange Engine Plant - 194

City of Lancaster - More Layoffs to be announced Today

2 Catholic Schools in Bimini and Eleuthera to close at end of school year

Hotel Lafayette in Downtown Buffalo 

Old Navy will close its Muncie Mall store

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#4) On March 08, 2010 at 11:52 AM, jdlech (< 20) wrote:

I don't know if you spend much time on various boards, but I keep getting the same mantra from all over.  "We need to make the rest of the world regulate like us".  Of course, this is totally unrealistic.  People who once were starving before they stole our jobs are now supposed to emulate us and go back to starvation?  Fat Chance!

It's a race to the bottom of a world wide cesspool, really.  America loses jobs to Mexico, China, India and Japan, who are losing jobs to Korea, Vietnam, and South Africa, who are losing their jobs to Malaysia, Philippines, etc., and so on and so forth until the most impoverished people demand the lowest wages and offer the least resistance to corporate profiteering, (plundering, operational efficiency, profitability, supply your own term).

Those who can still afford to invest might win, of course.  And the race to the bottom will take decades, if not a century, to complete.  In the end, those who have to work for a living are screwed and will have no chance of ever pulling themselves out of abject destitution. We alrready have evidence that groups like Goldman Sachs gain by deliberately causing and timing market crashes.  The implication is clear; put your money with them or miss their market timings and lose your investment money.

The coming collapse of the top two layers of the American government is just an example of what will happen all over the world.  We're the first and most obvious example simply because we were at the top and have the most to lose.  (By collapse, I don't mean anarchy, but severe belt tightening relative to past spending)

We all know how this game will end even as our moral (emotional) selves scream in denial.  A two tier socio-economic system of absolute masters and slaves.  Serve your master or starve.

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#5) On March 09, 2010 at 11:49 AM, sentinelbrit (85.80) wrote:

Read my blog just posted - are investors ignoring the turn in the economy.

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