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If true, this is really an indication that recovery is going to become difficult as the cost of US Treasury borrowing increases.
The selling was stoked by an article in Britain's "Independent" newspaper that said secret meetings were taking place between Arab states, China, Russia, Japan and France, to end dollar dealings for oil and moving instead to a basket of currencies, including the euro, the yen and the Chinese yuan.
Read more of the story by clicking on the following: Officials deny UK media report on move from dollar - Yahoo! Finance
real concern here isn't health – it's money. Legislators see that we like to eat and drink unhealthy things, so they see an opportunity to charge us for those habits. The hope isn't really that we'll break our habit, but that we'll stick with it while doling out a few more dollars for it.
Our View: Taxing soda more about boosting money than health | Daily Chronicle
The fire and police unions and pensions are bankrupting the city and layoffs are suggested for many city workers not part of unions
Proposed budget of $511.4 million, a decrease of $13.7 million, or 2.7%, from the FY 2009 adopted budget
Decrease of 572, or 16%, in total number of approved full time positions (including 177 police officers), for a savings of close to $40 million.
Across the board reductions of close to 16% in all of the departments, including the complete elimination of several departments
Tiered salary reductions across all departments ranging from 6% to 15%,
Click on the following for more of the story: Beacon News :: ::
The non-union employees had their freezes put into place May 1, the first day of the current fiscal year. Over the next several months, the unions came to terms one by one.
“Unfortunately, it took us longer with some groups than others," City Administrator Brian Townsend said.
While the firefighters, electricians and Teamsters traded their raises for promises there would be no layoffs, the city's two police unions -- the police officers union and the police sergeants union -- were given no such promises. The last two holdouts, the officers union came to terms with the city in August and the sergeants union went into arbitration with the city on the matter that same month
arbitrator ruled in the city's favor regarding the wage freeze proposal
St. Charles works out wage freeze to balance budget :: Beacon News :: Local News
Monday, the only number that mattered to most of the City Council members was a projected year-end deficit of $1.2 million, a figure the mayor said could double in 2010.
After much debate, a motion to pass the sewer improvement project, which includes installing larger pipes, failed 7-3
Last week, Maggie Carlson, manager of OSF Lifeline Ambulance, told aldermen that Lifeline is running $500,000 in the red by operating two ambulances out of Belvidere: “The revenue coming in is less than our expenses going out.”
Motion for Belvidere sewer project fails - Rockford, IL - Rockford Register Star
Public meetings are scheduled for: Chicago-Dubuque Intercity Passenger Rail Corridor: October 6, 2009 from 4:00 p.m. to 7:00 p.m. at NIU Outreach Center, 8500 East State Street, Rockford, IL
The public meetings will be an open house format, so you may visit the event at any time. There will be a continuous PowerPoint presentation and exhibits that provides an overview of the Environmental Assessment, purpose and need, summary of improvements and constraints, and next steps. Representatives from IDOT will be available to discuss the study and answer your questions.
Check out further details at: IDOT High Speed Rail
