States Warned of $2 Trillion Pensions Shortfall
US public pensions face a shortfall of $2,500 billion that will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey's pension fund.
http://www.cnbc.com/id/41129099
JPMorgan Chase overcharged troops on mortgages
The bank also tells NBC News that it improperly foreclosed on more than a dozen military families.
http://today.msnbc.msn.com/id/41043127/ns/business-real_estate/
State Budgets: Year Ahead Looms As Toughest Yet
If 2011 is hinting at a national recovery, there is little sign of it in statehouses across the country.
http://www.huffingtonpost.com/2011/01/15/state-budgets-year-ahead-_n_809521.html
Texas: Thousands of Job Cuts May Be Just the Beginning
With some top state leaders warning that Texas' dire fiscal situation will lead to the loss of several thousand state jobs, House budget writers will release their first draft budget today - and big job cuts may be just the beginning.
http://bit.ly/gj920F
Deep layoffs take effect in struggling NJ city
About 335 workers, representing one-sixth of the local government work force, lost their jobs, according to Mayor Dana Redd. It was worst in the public safety departments, where nearly half the police force and close to one-third of the city's firefighters were laid off.
http://news.yahoo.com/s/ap/20110118/ap_on_re_us/us_camden_layoffs
Detroit may close half of its schools
Detroit Public Schools would close nearly half of its schools in the next two years, and increase high school class sizes to 62 by the following year, under a deficit-reduction plan filed with the state.
http://bit.ly/f3EKpq
From Information Clearing House
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=pensions
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recovery
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclosure
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=JPMorgan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=layoffs
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http://www.cnbc.com/id/41129099
JPMorgan Chase overcharged troops on mortgages
The bank also tells NBC News that it improperly foreclosed on more than a dozen military families.
http://today.msnbc.msn.com/id/41043127/ns/business-real_estate/
State Budgets: Year Ahead Looms As Toughest Yet
If 2011 is hinting at a national recovery, there is little sign of it in statehouses across the country.
http://www.huffingtonpost.com/2011/01/15/state-budgets-year-ahead-_n_809521.html
Texas: Thousands of Job Cuts May Be Just the Beginning
With some top state leaders warning that Texas' dire fiscal situation will lead to the loss of several thousand state jobs, House budget writers will release their first draft budget today - and big job cuts may be just the beginning.
http://bit.ly/gj920F
Deep layoffs take effect in struggling NJ city
About 335 workers, representing one-sixth of the local government work force, lost their jobs, according to Mayor Dana Redd. It was worst in the public safety departments, where nearly half the police force and close to one-third of the city's firefighters were laid off.
http://news.yahoo.com/s/ap/20110118/ap_on_re_us/us_camden_layoffs
Detroit may close half of its schools
Detroit Public Schools would close nearly half of its schools in the next two years, and increase high school class sizes to 62 by the following year, under a deficit-reduction plan filed with the state.
http://bit.ly/f3EKpq
From Information Clearing House
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=pensions
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recovery
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclosure
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=JPMorgan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=layoffs
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Starmail - 19. Jan, 05:22
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