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alstry (35.28)

The Street is the BATTLEGROUND...San Juan SHUTDOWN!!!!

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19

October 15, 2009 – Comments (7)

THE PROTESTS BEGIN!!!!!! 

SAN JUAN, Oct 15 (Reuters) - Tens of thousands of Puerto Rican public workers protesting layoffs shut down the center of the capital San Juan on Thursday in a one-day strike that closed many government offices, businesses and schools.

Labor unions in the U.S. Caribbean island territory called the 24-hour stoppage to protest the firing of thousands of workers by the government, which is trying to shrink a $3.2 billion budget deficit.

While Governor Luis Fortuno insisted the layoffs were essential to cut government spending and bolster the island's credit rating, around 50,000 protesters packed Roosevelt Avenue, the main thoroughfare of the central Hato Rey financial district in San Juan, witnesses said.

Most government offices and schools, and many businesses remained closed on Thursday during the strike protest, which was also backed by religious and student organizations.

"The street will be our battleground. There will only be peace when those that govern respect the will of the people," said Methodist Minister Juan Vera, who addressed the protesters along with labor leaders and other personalities.

http://www.reuters.com/article/marketsNews/idUSN1529928320091015

NOW WE FEEL..............................

Money is simply running out, sales are declining and layoffs are accelerating......

Police now posess militarized crowd control devices, blackhawks have been trained for urban distrubances.........guess what is next as more and more get fired and bankers get billions in bonuses and free money from the taxpayers.

7 Comments – Post Your Own

#1) On October 15, 2009 at 6:47 PM, alstry (35.28) wrote:

Dollar collapsing....

No Social Security Increase For 2010

vs...

Goldman Sachs: Your Tax Dollars , Their Big Bonuses 

If the bankers can borrow for free and get big bonuses loaning money to the government...why can't the citizens?

Billions to bankers and Bankrupt citizens....guess what is coming....

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#2) On October 15, 2009 at 6:51 PM, alstry (35.28) wrote:

WHEN YOU CUT OFF CREDIT, DON'T RESTRUCTURE DEBT.....REVENUES EVAPORATE AND AMERICA SHUTS DOWN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The Fernwood Truck Stop - Same Link as the 2 below

Our Gang Store

Andrews Firestone

Smith Ford Mercury in Slaton

Welco Lumber Company

Bassett Furniture to Close its Fiberboard Plant in Bassett Va

Holcomb's Education Resources closing Holcomb's Knowplace Stores

Planned Parenthood of Indiana - 25

Wyeth in Great Valley to Close Next Year 

Arizona Central Credit Union Closing Scottsdale Branch

Parlin's Furniture 

Lion's Choice in St Louis

Northern Contours Closing Plant in Arkansas City

Andy's Wood by Design

Shain Solutions Inc - 34 Job Layoffs

Harley Davidson to End Buell Line - 180 Job Cuts

McClelland Stationary & Office Supplies

Peter's Video in St Helena 

State of Ohio to Close Camp Reams Prison 

Freudenberg NOK - Closing Plant in Spencer Iowa

The Louisville Zoo - 12

Frontier Oil - 28

Standish Prison Workers Given Layoff Notices

NY Gov. Patterson Budget Cuts Could Mean Big Layoffs for Syracuse Schools

Cameco Fuel Manufacturing - 21 More

Update: Boeing Flight Test Staff - 200 - 300

Summit Holdings - 70

Golf World Magazine - 10?

Mayor Lombardi ( RI) - Looks to Cut 35 Total Positions

Dubai World ( International ) - 15% of Workforce

Foley & Lardner - 39

Louisiana State Department of Education - 50

Yuba Community College - 56 Layoffs Coming?

Pitkin County - 4

EL Super Grocery Store in Tulsa - 25

Update: Iowa Budget Problems Hits Schools

Pfizer Merger Deal - 19,500 Total Layoffs Possible?

Vogue Confirmed - 6 

Update: Spokane County - 200+ Layoffs Possible

Tulsa Police Chief Says Layoffs are Possible

Jeld-Wen Window Division in Bend - Furloughs now Permanent Layoffs - 20

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#3) On October 15, 2009 at 7:00 PM, ipfmanager (96.73) wrote:

You're always so bleak, what's the end result?  Are you saying human-kind will cease to be, or a truly-social Utopian society is forming with no currency, or China taking over?  What about robots or nuclear Armageddon?  Just curious what all this harping is trying to prove.  

 

I tend to believe a double-dip depression at worst coming back to these relative levels in 3-5 years at worst....That, or China.

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#4) On October 15, 2009 at 7:08 PM, alstry (35.28) wrote:

NO...I am saying if we don't restructure our MASSIVE debt against collapsing credit...most of America will wish it was Detroit based on the quantity of debt infecting America and now starting to default. 

HERE IS SOME HAPPY NEWS...

Google CEO: worst of recession behind us

Here is a different view....

Southwest Airlines CEO: the worst is not behind us

Who knows what "behind" means any more.......you would think Google's revenues would be increasing as advertisers migrate from print to digital...but I guess not yet.

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#5) On October 15, 2009 at 8:01 PM, Recover22kplan (45.36) wrote:

Alstry,

 It seems humankind is devouring themselves in a sort of way.

The masses are easily pacified but for how long ?

What would it take for the lowly and the meek sheepeople to rise against the machine ? Even if they were to rise how could they when they are weighted down by they're heavy wool coat that the sherperds refuse to sheer, some have already drowned to death because they were led to a stream a few inches deep that they are too ignorant to simply step out of. 

Now for that Mayan Calender thing.....I wonder how a 12-12-2012 would play out on Wall Street the worlds financial system as we know it? 

Do you think if humans where wiped out in one day starting today, that the creatures left behind would evolve and learn how to trade ?

 I have been watching too much Nat Geo - forgive me

 

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#6) On October 15, 2009 at 9:14 PM, lquadland10 (< 20) wrote:

Fortuno, who last month announced the firing of 17,000 public workers, appealed for calm but defended the government's strategy. Heavily indebted Puerto Rico is a leading issuer of tax-free bonds in the United States.

"I will not allow our credit ratings to suffer any further because of the effects it would have on the population," Fortuno told Reuters in an interview. "It is just unthinkable .... We would be impaired from providing basic services."

The government is hoping to avoid a downgrade of Puerto Rico's bond rating to junk, or non-investment, grade.

Bond rating agencies Moody's and Standard & Poor's rate Puerto Rico a notch above junk level and Fortuno says any downgrade would lead to even more job cuts.

Just think. They are protesting for bigger Government and we go to the streets for smaller. Crazy world. I applaud them for cutting the budget. 

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#7) On October 15, 2009 at 9:28 PM, guiron (20.35) wrote:

Didn't alstry say he was going to stop posting? Like, for real this time, no seriously, I promise, no, really, why aren't you believing me? Well, whatever.

I guess cheap theatrics is alstry's calling card. It was entertaining for a while, but it's obvious that attention is the goal. No reason to pay much more attention to this mess.

Reminds me of a line from Seinfeld. "Shouldn't you be out on a ledge somewhere?"

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