Under the threat of a credit rating downgrade, the Los Angeles City Council on Thursday instructed agency heads to eliminate 3,000 additional city jobs “by any means necessary, including layoffs” by July 1.
The reduction ”” aimed in part a wresting further concessions from the city’s unions ”” would be in addition to 1,000 job cuts already in the works. Those alone are expected to lead to 250 to 350 workers receiving pink slips, officials said.
The council vote comes a day after Moody’s Investment Services, one of the nation’s top financial credit rating agencies, issued a negative outlook for Los Angeles because of the city’s struggles with a $212-million deficit. It also comes a week after Mayor Antonio Villaraigosa called for an additional 1,200 and 2,000 job cuts ”” or wage reductions for city workers ”” to help balance the city’s books.
That is very hard and unfortunate for the people that will be receiving those slips. They got to be preparing their selves for another unemployed term for them. And now I think you’ll begin to see them punching [url=http://personalmoneystore.com/moneyblog/2010/02/16/109-cash-pin-system-protection/]PIN number[/url] keys for daily expenses.
More opportunities to come is a vey nice news for everyone. But aside from this, I am hoping also that our government will not set aside the issue regarding preservation of our nature, specifically aquatic resources. You know, if we have enough money to blow up the Third World over and over again we might throw a couple of payday loans worth into cleaning up Garbage Island. Seriously – the Great Pacific Garbage Patch is the size of Texas, and we can’t do anything about it? Trash gets caught in the currents of the North Pacific Gyre, and winds up collecting north of Hawaii – there ought to be something being done about it. Our Congressmen get to go on “fact finding missions,” and nothing can be done? You have to be kidding me.