Thirty three people received layoff notices in the Department of Administration. Some workers were given a two weeks notice and others are already out of work. [www.clipsyndicate.com | WISH CBS 8 Indianapolis]
Private and household consumption rebounds in South Korea. (The Trade) [www.clipsyndicate.com | Bloomberg]
Alarm bells went off for many New Mexico educators when they heard about the proposed cuts to education. "Ultimately if you continue to move backwards in financing the schools, there's going to be an impact on learning," said Tom Sullivan, the Executive Director of the New Mexico Coalition of School Administrators ((and the Superintendents Association?)). Sullivan says a state-funded study two years ago showed New Mexico's education system was already under funded. Since then the economy forced districts to cut their spending even more. Any more cuts would mean fewer resources for students, Sullivan pointed out. "Some of those intervention specialists-- some of the nurses and counselors and after school programs-- can help close the gap for a high poverty school." He adds that when it comes to children's education there are other options, "We've been party to a survey each of the last two years which indicated that New Mexico citizenry would rather see taxes raised than see services to education cut." The governor's plan calls for temporary tax increases and a three percent cut to the state budget, including education. Ultimately, if cuts have to be made, school officials would like to see decisions left to school boards, superintendents and administrators, and not state lawmakers. [www.clipsyndicate.com | KOB Albuquerque]
Ft. Wayne's new ice arena may have a big impact on the economy by attracting new restaurants and shops. [www.clipsyndicate.com | WANE CBS 14 Fort Wayne]
indy parks deal [www.clipsyndicate.com | WISH CBS 8 Indianapolis]
hampden bank rebuilding together spfld [www.clipsyndicate.com | WWLP NBC 22 Springfield M]
cALL 12 FOR ACTION [www.clipsyndicate.com | WPRI CBS 12 Providence]
Some business owners hope that the start of a new legislative session will mean the end of a new tax. [www.clipsyndicate.com | WMUR ABC 9 Manchester NH]
The Oshkosh Area School District is looking at a combination of tax increases and budget cuts to fill a $3-5 million shortfall. [www.clipsyndicate.com | WLUK FOX 11 Green Bay]
December tax receipts in Indiana missed the target again, this time by $5 million. [www.clipsyndicate.com | WISH CBS 8 Indianapolis]
Jan. 6 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. Stocks rose as higher energy and metal prices lifted commodity producers and some Federal Reserve policy makers said they would consider more stimulus measures, overshadowing declines in technology and telephone shares. (Source: Bloomberg) [www.clipsyndicate.com | Bloomberg]
Kaine's Medicaid budget cuts [www.clipsyndicate.com | WAVY NBC 10 Norfolk]
Gov. Arnold Schwarzenegger on Wednesday acknowledged that more pain lies ahead for California as it confronts yet another massive budget deficit but pledged deep reforms he said are vital to the state's economic future. [www.clipsyndicate.com | KCRA NBC 3 Sacramento CA]
This story originally aired on NewsChannel 15's First at Five on Wednesday, January 6th, 2009. [www.clipsyndicate.com | WANE CBS 14 Fort Wayne]
Jan. 6 (Bloomberg) -- Donald Galante, senior vice president of fixed income at MF Global Ltd., talks with Bloomberg's Julie Hyman and Mark Crumpton about his investment strategy for U.S. Treasuries. Galante also discusses Federal Reserve Monetary Policy and the outlook for inflation. (Source: Bloomberg) [www.clipsyndicate.com | Bloomberg]
State of the State Part 3 [www.clipsyndicate.com | WIVB CBS 4 Buffalo]
State of the State Part 2 [www.clipsyndicate.com | WIVB CBS 4 Buffalo]
At-risk baby girls are more likely to stay out of trouble as they get older if their mothers are taught caregiving skills at home. [www.clipsyndicate.com | KXAN NBC 36 Austin]
Assembly Speaker Karen Bass, D-Los Angeles, on Wednesday questioned whether California can afford tax breaks sought by Gov. Arnold Schwarzenegger. [www.clipsyndicate.com | KCRA NBC 3 Sacramento CA]
Business Secretary alligns himself with the Government's tax policy and growth strategy [www.clipsyndicate.com | Press Association UK]
winter acts buzz [www.clipsyndicate.com | WVBT FOX 43 Hampton Roads]
02:00
Papaconstantinou Says Greece Needs No Aid to Fix Deficit: Video
Jan. 6 (Bloomberg) -- Greek Finance Minister George Papaconstantinou talks with Bloomberg's Judith Bogner about efforts to cut the country's budget deficit. Papaconstantinou, speaking from Athens, also discusses Greece's bond program and today's visit by European Union officials to scrutinize the government’s tax and spending proposals. (Source: Bloomberg) [www.clipsyndicate.com | Bloomberg]
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