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Governor Brown's Budget Slashes State Spending by $12.5 Billion
Bakersfield News - 4 hours ago
“These cuts will be painful, requiring sacrifice from every sector of the state, ... closes California's budget deficit “now and into the future. ...RIVERSIDE: End of redevelopment would cost jobs - Press-Enterprise
all 108 news articles »
Hard times get harder States facing states of budget emergency
Detroit Free Press - Judy Lin - Shannon McCaffrey - 1 day ago
Arkansas was the last state to default on debt payments, a move it took ... face a $1-trillion funding shortfall in public-sector retirement benefits, ...Year ahead looms as toughest yet for state budgets - The Associated Press
all 368 news articles »
A V Rajwade: First-world debt crisis?
Business Standard - 1 day ago
The fact is that the US public debt and fiscal adjustment are major ... And, in the US the debtCalifornia, ... problem extends not only to states likeAttention, Stockpickers
Barron's - Lauren R. Rublin - 2 days ago
America's structural problems, including a gargantuan deficit, and the policies ... The public sector is leveraging up, and thus will support the economy. ...Fearing state grab, Napa moves to protect redevelopment funds
Napa Valley Register - 2 days ago
Because the city is able to improve public facilities, the private sector is willing to build hotels and commercial buildings, they said. ...State bankruptcy: The best fiscal fix?
Los Angeles Times - Tom Petruno - 2 days ago
5, 2012: The state of California today filed for federal bankruptcy ... the public sector, where 37% of workers are union members compared with just over 7% ...
The Eurozone Needs A Texas
Forbes (blog) - Brian Domitrovic - 6 days ago
So over the years, as California doubled-down on public-sector pensions, ... This is tantamount to Texas guaranteeing California's debt — an unthinkable ...
Stop the Budget Cuts — Tax the Rich and Big Business
Socialist Alternative - Marty Harrison - 3 days ago
Like the rest of us, states and cities are deeply in debt. ... improve benefits for all, rather than attacking public sector workers who have preserved their.Rendell's legacy
Towanda Daily Review - robert swift - borys Krawczeniuk - 1 day ago
He left behind a legacy of debt that we're going to be paying for decades to come. ... deficit, though large, pales compared to states such as California, ...Goodbye, gravy train
Grand Forks Herald - Pamela M. Prah - 1 day ago
“We have a $13 trillion national debt,” says Oregon's new governor, ... including contracts with public-sector employees, possibly even allowing states to ...Professor warns about rising public debt in Maritimes
CTV.ca - 26 Dec 2010
"We are about to put the public sector in reverse. ... bringing forward a deficit-elimination strategy, and a debt reduction strategy to start to deal with ...
End of redevelopment?
Tahoe Daily Tribune - Adam Jensen - 3 days ago
The administration estimates the proposal would cut California's projected $14.4 billion deficit for the 2010-2011 fiscal year in half and leave the state ...Brown Proposes Eliminating All State Funding for California Public ... - Library Journal
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How to Revive the California Dream
Wall Street Journal - Andrew G. Atkeson - 9 Jan 2011
California faces its most serious budget crisis since the Great Depression. Newly inaugurated Gov. Jerry Brown is inheriting a deficit ...New California governor announces balanced state budget - Xinhua
Proposed budget cuts $1.4B from higher education - YubaNet
California faces budget cuts of $12bn - Financial Times
The Turlock Journal - New York Times
all 2026 news articles »No local government bailouts; Wasteful states, cities should pay ...
FireEngineering.com - Ray Hartwell - 13 hours ago
In California, pay and benefits for public employees account for about 80 ... an array of actions aimed at reducing the state's $3.5 billion deficit, ...Fears grow of euro-style debt crisis in US states
AFP - Andrew Beatty - 21 Dec 2010
To the west, California faces a budget shortfall of over 25 billion dollars. ... large and that public sector compensation has become too high," he said. ...Debt ceiling dilemma: How do you win a fight with crazy?
Salon - Andrew Leonard - 4 Jan 2011
More: Andrew Leonard By Alex Pareene Intransigent "deficit hawk" Tom Coburn is .... unemployment benefits and public sector job creation and a living wage? ...
Democrats, Republicans plan deep cuts in US state budgets
World Socialist Web Site - Joseph Kishore - 6 days ago
“For 10 years,” Brown declared, “we've had budget gimmicks and tricks that pushed us deep into debt. We must now return California to fiscal responsibility… ...
The Sky Isn't Falling on the Muni Market
Barron's - Randall W. Forsyth - 7 Jan 2011
Add in New York, these five states comprise 58% of the 2012 deficit. ... work in the private sector don't see why they should pay so public-sector employees ...'Europe Needs Growth to Prevent a Collapse of the Euro'
Spiegel Online - 6 days ago
Roubini: The persisting housing crisis, the implications of this on the financial condition of banks and, above all, the high public debt and deficit, ...
Dire States
The Atlantic - Megan McArdle - 4 Jan 2011
Deep in debt, most governors will have to either raise taxes or cut spending— .... His state's feisty public-sector unions enjoy extremely favorable laws ...
Our Opinion: Tough Times For Your State? Try California
Yankton Daily Press - 5 days ago
Faced with a $25 billion deficit, the new governor proposed massive spending cuts to ... “It's going to take sacrifice from every sector of California. ...Sovereign debt levels 'unsustainable', double dip a possibility
ArabianBusiness.com - Damian Reilly - 26 Dec 2010
There was only a certain shift from private to public sector debt issuance and the latter has faced increasing problems in 2010, be it in California or ...
2011 Trends: Economist: 'A lot of little green shoots springing up'
North Bay Business Journal - Gary Quackenbush - 3 Jan 2011
What Sonoma County businesses did during the recession the public sector will have to do ... California, which faces a $19 billion budget deficit next year, ...
The Gulf in 2011: forecasting the year ahead
ArabianBusiness.com - Damian Reilly - 30 Dec 2010
There was only a certain shift from private to public sector debt issuance and the latter has faced increasing problems in 2010, be it in California or ...
Newport library could lose $300000
Daily Pilot - Sarah Peters - 2 days ago
According to Cowell, the breakdown of state grant money in 2010 was: $255838 to the CaliforniaPublic Library Foundation ... Library Services Act, $30550 to theBrown's budget would hit PWAs
Bay Area Reporter - Seth Hemmelgarn - 4 days ago
"It will take sacrifice from every sector of California. ... the "gimmicks and tricks" used in recent budgets have only plunged the state deeper into debt. ...New California Governor Jerry Brown: Unions' Friend or Foe?
In These Times - Kari Lydersen - 4 Jan 2011
(Photo courtesy of Brown for Governor 2010) California public employees ... deal with public employees unions in the face of a crushing budget deficit which ...Gov. Jerry Brown to possibly eliminate redevelopment agencies - KUSI
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Battle begins over San Jose pension costs
San Jose Mercury News - John Woolfolk - 1 day ago
Campbell, which like many smaller cities uses the massive California Public Employees' Retirement System, recently negotiated less-generous Cal- PERS ...New Year, New Hope
Pacific Northwest Inlander - 4 days ago
Here are mine for the 44th president and the 112th Congress: RESOLVED, Congress and the president shall not increase the federal debt or deficit in 2011. ...Victor Davis Hanson: California, Greece and the rage against 'them'
OCRegister - 3 Jan 2011
And yet amid the furor, 60% of the public still polls in favor of the ... an inefficient statist economy, and bloated public sector suddenly went from near ...States adjust to a more frugal Washington
Bellingham Herald - Pamela M. Prah - 4 days ago
"We have a $13 trillion national debt," says Oregon's new governor, .... including contracts with public-sector employees, possibly even allowing states to ...Paul Krugman messes with Texas
Examiner.com - 7 Jan 2011
For example, compared to New York and California, Texas has relatively few union employees: Less than 20 percent of public-sector workers there are covered ...Wonkbook: So. Much. News.
Washington Post (blog) - Ezra Klein - 7 Jan 2011
Repealing health care reform will increase the deficit by $230 billion, ... press on to demonize public-sector unions as the source of all our woes, ...Alan Greenspan's housing bubble coffee break
Salon - Andrew Leonard - 2 days ago
The current federal debt explosion is being driven by an inability to stem new ... But when running a deficit because of policies executed by a Republican ...
Top Stories: Business and Finance
Bloomberg - 31 Dec 2010
Gross Says Buy Canadian, Mexican Bonds Over Dollar-Based Debt: Tom Keene 8. ... at Pacific Investment Management Co. in Newport Beach, California. ...Long Shadows Cast Over USEconomy
Gold Seek - Jim Willie Cb - 4 days ago
They bought in 2011 a full 75% of all USGovt debt issuance, ... to have suddenly found religion in reducing the budget and its deeply engrained deficit. ...Earmarks, lettermarks, phonemarks (hey -- why no textingmarks?)
Washington Post (blog) - Jonathan Bernstein - 28 Dec 2010
Payment of debt service is constitutionally protected, .... The point is while there may be some over promising of pensions in the public sector, ...For Vietnam, a capitalist trail
CTV.ca - John Ruwitch - Jason Szep - 3 days ago
Vinashin's debt problems were too big to avoid at some $4.4-billion by the middle ... a Chicago native and religion scholar from University of California, ...'US unemployment rate is 21%'
Press TV - 8 Jan 2011
We have a major crisis of deficit and debt and public employee unions are going ... To some degree there has be to savings from the public sector unions and ...The Mix: Verizon's Big Day, Groupon's Big Haul
Portfolio.com (blog) - 6 days ago
(Portfolio) The Hotel California under Governor Jerry Brown: With the state's $25.4 billion deficit... and the new governor's take-no-prisoners plan to cut theStop panicking over muni defaults!
Fortune (blog) - Cyrus Sanati - 22 Dec 2010
A large portion of California's debt is in general obligation bonds, which are mandated to be ... The town's fiscal deficit for 2010 is just $2.1 million. ...Are US cities at the center of the next financial meltdown? - OregonLive.com (blog)
all 76 news articles »The Republicans take aim
Socialist Worker Online - 4 Jan 2011
Cuomo has proposed a pay freeze on New York public-sector workers and is preparing to carve up public employees' pensions. In California, Brown wants to ...Is the Worst of Europe's Crisis Behind Us? Or Yet to Come?
Wall Street Pit - Charles Wyplosz - 4 Jan 2011
No one believes, it seems, that a debt restructuring of California would trigger ... including the setting of wages in the public sector and labour market ...Worst Governor Ever
California Progress Report - Robert Cruickshank - 29 Dec 2010
While deficit spending in a recession is sensible, California's economy was in recovery ... The debt... service on those bonds takes away from other spendingLetters blog: Unregulated U.S. capitalism is the culprit
OCRegister - 6 Jan 2011
I understand the angst of private-sector employees, like reporters, ... because he stood for lower taxes and improving the business climate in California. ...Why the United States Fears Russia: Part II, The Power of Resources
Subversify - Karla Fetrow - 2 days ago
Its budget deficit of 14.3% is higher even than in Greece. ... Ireland's government has slashed public-sector spending by 7.5% of gross domestic product ...
What Will Crash the Stock Market in 2011?
Minyanville.com - Eric Rosenbaum - 6 Jan 2011
With New York Governor Andrew Cuomo saying this week that he would take a 5% pay cut, it seemed the public-sector equivalent of Citigroup (C) CEO Vikram ...10 Big Things to Watch in 2011
California Progress Report - 31 Dec 2010
9) The States: Right now, public employee jobs are tracking significantly downward, following the exact opposite track as the private sector. ...Hong Kong Shares Kick Off 2011 With Modest Gains
RealEstateRama (press release) - 2 Jan 2011
Public-sector spending increased by 0.7% to $318.47 billion. .... need stable jobs in order to feel comfortable taking on that kind of debt,†he said. ...State Budget Crisis: Deadbeat States Need to Stop Spending, Start ...
Money Morning - Kerri Shannon - 29 Dec 2010
Look at California. It's facing a $19 billion budget deficit next year and had ... and other wild land values that can be sold to pay a portion of the debt. ...Guests: DNC Chairman Kaine, Reps. Issa, Altmire, Cummings & Israel
RealClearPolitics - 3 Jan 2011
And California Congressman Darrell Issa will take the helm of the ..... HENRY: Jason Altmire, debtdeficit, something Blue Dogs talk about this all the ... andPortugal Bond Sales 'Good News,' No Forced Rescue, Germany Says
BusinessWeek - Sandrine Rastello - Indira A.R. Lakshmanan - 4 days ago
“The United States is in the position to afford private sector deficits, plus public sector deficits, plus balance of payments deficit. ...Morning Must Reads: Turnover
TIME (blog) - Adam Sorensen - 7 Jan 2011
Also, all you folks over in California complaining about 50-degree weather? .....public-sector unions as the source of all our woes, ... press on to demonizeObama didn't govern from the "left," part 973 - Washington Post (blog)
KMPH Fox 26 Central San Joaquin Valley News Source in Fresno ... - KMPH Fox 26
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Jobs, Wars, Deficits, Sports—and the Campaign
Wall Street Journal - 2 Jan 2011
Mr. Brown will have to contend with a $28 billion deficit and so far has set a tone of austerity. He arranged for a no-frills inauguration at the California ...Valley's 'enterprise zones' could be in jeopardy
Los Angeles Daily News - Kevin Modesti - 8 Jan 2011
But Jean Ross, executive director of the California Budget Project, ... foundry site is an example of "a problem that the private sector wasn't going to ...The Dawn of the House of Boehner
TIME (blog) - Jay Newton-Small - 5 Jan 2011
Our spending has caught up with us, and our debt soon will eclipse the entire ..... nor did he even compete with the private sector with a public option, ...Meet Laura Snideman, Half Moon Bay's New City Manager
Patch - Kristine Wong - 23 Dec 2010
Faced with a deficit that has the potential to rise over $1 million in the upcoming ... who represented the 15th District of California - now represented by ...Revealed: The people's guide to common sense
Independent - 1 Jan 2011
In particular, there is no justification for Sector Skills Councils. .... to add to its mountain of debt this year with another £155 billion budget deficit, ...Canada facing fiscal time of reckoning
Eagle Valley News - 4 Jan 2011
How can we sustain continual salary increases for public service employees when the private sector is often collectively treading water? ...Jeff Miller: Bullish on Commodity Producers, Retail, Financials, CAT
Seeking Alpha - 7 Jan 2011
SA: Same question but for US states like California and Illinois. Will a government bailout ultimately be necessary to backstop state debt as defaults pile ...
AAPLWhere are the jobs? Overseas, of course
Salon - Pallavi Gogoi - 28 Dec 2010
They're still under a huge debt load. Even if and when they pay it off, ... a professor of public policy at the University of California at Berkeley, ...
World Bank`s Shantayanan Devarajan on Africa
AfricaNews - 26 Dec 2010
In Cameroon, oil revenues was hidden from the public, even members of the government ... such as cutting the budget deficit and eliminating subsidies, ...
Waging War On American Workers
CounterCurrents.org - Stephen Lendman - 9 Jan 2011
Today, workers will be punished to assure steady debt service payments. In 2009, California state treasurer Bill Lockyer said only a "thermonuclear war" ...Economic Predictions for 2011
OilPrice.com - Bruce Krasting - 29 Dec 2010
-The ECB will be forced to issue bonds that are joint and several debt of the EU members. ... -The US will have a full year deficit of 1.4 trillion dollars. ...Bull vs. Bear: How high will oil go in 2011?
Fortune (blog) - Nin-Hai Tseng - 28 Dec 2010
I have zero credit card debt. My wife cut back to two days of work, .... We cannot continue to allow one sector in the economy to bring in all the money. ...NPQ's 9 Significant Nonprofit Stories of 2010 (+ Yours makes 10)
The Nonprofit Quarterly - 3 Jan 2011
Just ask California's new governor, Jerry Brown, who is facing a $25 billion deficit that appears to grow every time he and his advisors inspect the numbers ...BRIEFING - ASIA BANKING - DEC 24, 2010
Trading Markets (press release) - 24 Dec 2010
KARACHI - Pakistan's current account deficit squeezed 72.3 per cent to US$504 ... which is expected to result in lower-than-anticipated debt levels," Fitch ...KMPH Fox 26 Central San Joaquin Valley News Source in Fresno ...
KMPH Fox 26 - Jeannine Aversa - 7 Jan 2011
President Barack Obama's debt commission at the end of last year failed to reach a consensus on a deficit-reduction plan. Over the coming decade, ...Public workers target of US austerity drive
The Militant - Seth Galinsky - 6 Jan 2011
California governor Edmund Gerald Brown, a Democrat, promised that his new budget for the state ... “Outlaw collective bargaining for public-sector workers. ...Illinois Has Days to Plug $13 Billion Budget Hole
Big Government - 3 Jan 2011
Unlike California, Moody's assigned Illinois a negative outlook. Illinois's deficit, about half its $26 billion general-fund budget, puts it among the US ...Brown budget: are you willing to share the pain?
89.3 KPCC - 29 Dec 2010
The public employee retirement age needs to be raised for more classes of publicCalifornia seems to be heading way ... employees including police and firemen.
'Sunday Sit-Down': TODAY'S GUESTS: David McKinley, Bill Johnson ...
Wheeling News Register - 1 Jan 2011
The debt is piling up, and we're going down a pretty quick path here of financial ... everything that we're facing now is deficit spending and borrowing. ...HS News Daily
Hispanically Speaking News - 5 days ago
In the working-class neighborhood of San Ysidro, California, .... “The debt these organizations have is close to 4 billion bolivars ($930 million),” ...
Obama-GOP tax plan has many corporate breaks
Salon - Stephen Ohlemacher - 24 Dec 2010
He conceded that the White House and Congress face a difficult challenge when it comes to controlling the deficit and tackling the nation's debt. ...
NBR Transcripts - December 21, 2010
Nightly Business Report - 21 Dec 2010
American politicians have known for months that the debt problems are ... Just look at what happened with the recent bipartisan deficit commission. ...
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