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Latest Articles: United States News
Cummins laying off 194 at Columbus MidRange Engine Plant
Post Date: 2010-03-03 00:54:04 by Nebuchadnezzar
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Cummins laying off 194 at Columbus MidRange Engine Plant By Boris Ladwig City Editor Cummins Inc. will lay off 194 Columbus MidRange Engine Plant workers after Friday because Chrysler has completed its production ramp up for the 2010 Ram pickup truck, Cummins said. After Friday, the plant, on Road 450S, will employ about 400, who will work in one shift. Mark Land, executive director of corporate communications, said the company does not know the length of the layoffs. In December, Cummins had said the two shifts would run at least through January because the main customer, Chrysler, wanted to have plenty of Cummins-powered 2010 Ram pickup trucks available. CMEP is the exclusive ...
Graph of Feb. 2010 crashing auto sales
Post Date: 2010-03-03 00:33:58 by Nebuchadnezzar
1 Comments
Three months of declining sales. The second derivative appears to be negative. A very strange recovery, no?
Auditors find misuse of stimulus money in Califfornia (Stimulus Corruption)
Post Date: 2010-03-02 20:32:45 by Nebuchadnezzar
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Auditors find misuse of stimulus money in Calif. By GARANCE BURKE, Associated Press Writer Tuesday, March 2, 2010 at 11:43 a.m. FRESNO, Calif. — Officials in the heart of recession-battered central California misspent about $1 million in federal stimulus funds that were supposed to help adults and teenagers find jobs, state auditors said Tuesday. California's Inspector General Laura Chick said the Tulare County Workforce Investment Board used nearly $1 million in Recovery Act funds to pay for their own rent and utility bills, when the bulk of the money should have gone to finding youth summer jobs. The board got $6.8 million through a package aimed at reinvigorating the ...
Obama voter who tried to rob pizza delivery man gets 35 years
Post Date: 2010-03-02 19:56:54 by dont eat that
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A Lufkin man who was found guilty of trying to rob a Papa John's delivery man at gunpoint was sentenced Friday to 35 years in prison. Johnx Greer was arrested Oct. 2008 after police say he and a second suspect tried to rob the delivery man on the 100 block of Booker Street. That is when the deliverer, who had a concealed gun permit, pulled out his gun and shot Greer. During the hearing, Greer's mother told District Judge Barry Bryan that Greer had bipolar disorder. Also testifying were a Nacogdoches Police detective and victim of another crime to talk about Greer's past behavior.
New ghost towns: Industrial communities teeter on the edge
Post Date: 2010-03-02 19:40:36 by Nebuchadnezzar
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New ghost towns: Industrial communities teeter on the edge * By Rick Hampson, USA TODAY RAVENSWOOD, W.Va. — When Henry Kaiser arrived 55 years ago, this place was no place — "a rural problem area," the government called it, so poor and isolated that the population had dropped 15% since 1940. That all changed after Kaiser, the industrialist who'd turned out ships and planes at a record pace in World War II, built the nation's largest consolidated aluminum works here on the banks of the Ohio River. The plant paid Tim Shumaker his first living wage, and he won the right to keep it two decades ago after his union was locked out for 19 months. Today, that victory ...
ABI: Personal Bankruptcy Filings Up 14% from February 2009 (More FACTS the "green shoots" are rubbish)
Post Date: 2010-03-02 18:27:48 by Nebuchadnezzar
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ABI: Personal Bankruptcy Filings Up 14% from February 2009 by CalculatedRisk on 3/02/2010 06:10:00 PM From the American Bankruptcy Institute: February Consumer Bankruptcy Filings up 14 Percent over Last Year The 111,693 consumer bankruptcies filed in February represented a 14 percent increase nationwide over the 98,344 filings recorded in February 2009, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC). NBKRC’s data also showed that the February 2010 consumer filings represented a 9 percent increase over the 102,254 consumer filings recorded in January 2010. ... “While Congress and the Obama ...
AstraZeneca to lay off 550 in Wilmington
Post Date: 2010-03-02 17:15:58 by Nebuchadnezzar
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AstraZeneca to lay off 550 in Wilmington Philadelphia Business Journal - by John George Staff Writer Send this story to a friend Email address of friend (insert comma between multiple addresses): Your email address: Add a brief note: Enter words from the security image above: Get new image | Image verificationAudio verification | reCAPTCHA™ Related News * Atlas Venture racks up exit in Astra deal * AstraZeneca layoffs to affect 8,000 as company grapples with generics * Targacept banks $200M payment AstraZeneca announced plans to lay off about 550 workers in research and development at its U.S. headquarters in Wilmington, Del. The job cuts will occur over the next two years and ...
U.S. LV Sales decline 3.5% MTM in February
Post Date: 2010-03-02 17:11:26 by Nebuchadnezzar
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U.S. Light Vehicle Sales 10.4 Million SAAR in February by CalculatedRisk on 3/02/2010 03:39:00 PM Vehicle Sales Click on graph for larger image in new window. This graph shows the historical light vehicle sales (seasonally adjusted annual rate) from the BEA (blue) and an estimate for February (red, light vehicle sales of 10.4 million SAAR from AutoData Corp). This is a 3.5% decline from the January sales rate. Vehicle Sales The second graph shows light vehicle sales since the BEA started keeping data in 1967. This is the lowest level since September - when sales fell sharply after the "Cash-for-clunkers" program ended in August. The current level of sales are very low, and ...
Rosenberg: Sorry, Those Consumer Spending Numbers Were Not As Good As They Looked (told you so)
Post Date: 2010-03-02 13:38:01 by Nebuchadnezzar
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Rosenberg: Sorry, Those Consumer Spending Numbers Were Not As Good As They Looked Joe Weisenthal | Mar. 2, 2010, 10:01 AM | 851 | comment 3 Print Tags: Consumer, David Rosenberg, Analyst Research In his latest Breakfast with Dave, David Rosenberg dumps some cold water on the latest spending and income data. The analysis is a little long, not violently decisive, and not filled with rhetoric, but the kind of in-depth take you need to get beyond the headlines. U.S. personal income came in below expected, coming in at +0.1% MoM in January versus expectations of a 0.4% increase. This was the weakest increase in six months but the gain was held back by declines in interest, dividend and farm ...
LAUSD: Up to 4,700 layoffs (Good news for a change)
Post Date: 2010-03-02 13:30:00 by Nebuchadnezzar
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LAUSD: Up to 4,700 layoffs By Connie Llanos Staff Writer Posted: 03/01/2010 07:33:43 PM PST Related Los Angeles Unified officials are expected to approve a mass mailing of nearly 4,700 layoff notices for teachers, administrators, counselors and nurses Tuesday as they work to close a crippling $640 million budget deficit. Recommended by the district's finance staff in a report to be reviewed today by the school board, the move would virtually eliminate school nurses and librarians, increase all class sizes - including a high of up to 44 students in middle school - and boost counselor loads to 1,000 students each. Layoff notices would also go out to nearly 1,000 janitors and ...
IBM layoffs top 1,600 across several work groups, union reports
Post Date: 2010-03-02 13:27:41 by Nebuchadnezzar
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IBM layoffs top 1,600 across several work groups, union reports 1 comment | Post Yours Print this blog postE-mail blog post Share IBM is cutting jobs IBM is cutting jobs Related Blog Posts * IBM workers brace for possible job cuts on Monday By RICK SMITH, Local Tech Wire editor RESEARCH TRIANGLE PARK, N.C. – Just as IBM workers feared, Big Blue began a new round of layoffs on Monday. According to Alliance@IBM, the union seeking to represent IBM (NYSE: IBM) workers, verified through various sources that IBM cut its payroll in at least 13 groups by more than 1,600 positions. “We have been able to verify almost 1,000 employees cut today,” Lee Conrad, the union’s ...
Morgan jobs go adiós- 500 laid-off (Jobs to Mexico)
Post Date: 2010-03-02 13:21:33 by Nebuchadnezzar
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Morgan jobs go adiós Is cheap Mexican labor behind mass layoff at Hartselle plant? By Eric Fleischauer Staff Writer Emerson blamed the coming layoff off of 500 of its 540 Hartselle plant employees on the recession and environmental regulations, but corporate documents suggest otherwise. CR Compressors, formerly known as Copeland Corp., is operated by Emerson Climate Technologies. Despite its explanation for the layoffs, corporate disclosures show compressor sales are growing and the regulated phase-out of R22 refrigerant is improving sales. While corporate officials offered little comment last week, corporate disclosures suggest the layoffs have less to do with the stated reasons ...
Kentucky's Bunning Again Blocks Jobless Benefits
Post Date: 2010-03-02 11:40:36 by Brian S
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(03-02) 08:23 PST WASHINGTON (AP) -- Sen. Jim Bunning on Tuesday again blocked the Senate from extending unemployment benefits and health insurance subsidies for the jobless. The Kentucky Republican objected Tuesday to a request by Maine Sen. Susan Collins, a fellow Republican, to pass a 30-day extension of jobless benefits and other expired measures. The measure would also extend highway programs and prevent a big cut in Medicare payments to doctors. Bunning has been single-handedly blocking the stopgap legislation since Thursday, to the increasing discomfort of Republicans like Collins. Collins said 500 people from her state would lose their unemployment benefits this week, while ...
Compassion and Caring in the Negro Neighborhood
Post Date: 2010-03-02 09:46:29 by dont eat that
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Tulsa Police say out of numerous potential witnesses, only one person had any information to offer in a shooting overnight Sunday at the Chicken Hut restaurant, 1500 E. Apache. The shooting victim, 27-year-old Valentino Verner, later died of his wounds at a Tulsa hospital. Restaurant patrons even shoved past emergency workers, stepping over the victim to get their food. Tulsa Police, firefighters and ambulance personnel responded to a call of shots fired at the restaurant at about 3 a.m. They say when they arrived at the Chicken Hut, they found Verner lying on the ground in front of the restaurant's pick-up window. He had been shot multiple times, according to Tulsa Police Sergeant ...
Bush Was Right All Along, It Now Comes Out
Post Date: 2010-03-02 09:27:18 by dont eat that
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President Barack Obama is morphing into George W. Bush, as administration attorneys repeatedly adopt the executive-authority and national-security rationales that their Republican predecessors preferred. In courtroom battles and freedom-of-information fights from Washington, D.C., to California, Obama's legal arguments repeatedly mirror Bush's: White House turf is to be protected, secrets must be retained and dire warnings are wielded as weapons. "It's putting up a veritable wall around the White House, and it's so at odds with Obama's campaign commitment to more open government," said Anne Weismann, chief counsel for Citizens for Responsibility and Ethics in ...
Bush Says He Won’t Criticize Obama, As It’s Just Too Easy
Post Date: 2010-03-02 09:08:46 by dont eat that
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Alright, OK, he didn't say that last part, but, for good or bad, President Bush 43 shows exactly why folks on the Right supported him even in light of his Democrat-lite domestic agenda: he's a classy guy who doesn't play the blame game FORT WORTH, Texas | Former President George W. Bush turned to his faith amid the tough times during his eight years in office, he said Saturday at a religious school's banquet. (snip) "You won't see me out there opining ... or criticizing my successor," Bush said, later adding that he is writing a book about his decisions in office so that "you can draw your own conclusions." For good or bad, that is the way Bush ...
Barack Obama – The Great American Drunk
Post Date: 2010-03-02 08:52:08 by dont eat that
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How much do you have to drink in order for your annual physical to declare a physician recommended “moderation of alcohol intake?” I’m guessing it’s significant unless he’s got some sort of genetic kidney or liver issue that pre-disposes him to issues with small amounts of alcohol that would be generally consistent with “social drinking.” Short of being an alcoholic or a medical freak, I can’t imagine why the doctors suggested putting down that drink. On to the bigger issue Do we want a president who is even moderately intoxicated? Personally, I think that would explain a lot about his decisions and spending sprees of the last year, but that’s ...
Orleans Homebuilders files bankruptcy, seeks buyer
Post Date: 2010-03-02 01:04:21 by Nebuchadnezzar
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UPDATE 2-Orleans Homebuilders files bankruptcy, seeks buyer Mon Mar 1, 2010 6:41pm EST Stocks Orleans Homebuilders, Inc. OHB.A $0.69 -0.08-10.65% 12:00am PST * Homebuilder files with Delaware bankruptcy court Stocks | Bonds | Bankruptcy * Filing follows default on credit facility * Company plans to seek a buyer (Adds CEO and company statement, byline) By Jonathan Stempel NEW YORK, March 1 (Reuters) - Orleans Homebuilders Inc (OHB.A), a housing developer operating mainly in the eastern United States, filed for bankruptcy protection on Monday after defaulting on a credit facility last month, and said it plans to seek a buyer. The Bensalem, Pennsylvania-based company and several dozen ...
Watts Bar Lay-offs: 600
Post Date: 2010-03-02 00:47:09 by Nebuchadnezzar
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KNOXVILLE -- More than 600 engineers and support staff involved in the Watts Bar Nuclear Plant project are receiving layoff notices as engineering design work to finish construction of the unit 2 reactor there is nearing completion, the Tennessee Valley Authority announced today. According to information reported to the state’s Department of Labor and Workforce Development, Bechtel Power Corp., the lead engineering, procurement and construction contractor on the project, is laying off 343 employees that worked out of TVA’s East Tower at 400 W. Summit Hill Drive in downtown Knoxville and 272 more at the project site in Spring City. The lay-offs will take effect March 1 through ...
Regents propose 4,000 layoffs, dozens of program cuts (GA)
Post Date: 2010-03-02 00:33:50 by Nebuchadnezzar
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Regents propose 4,000 layoffs, dozens of program cuts By Walter C. Jones Morris News Service ATLANTA -- The University System of Georgia released a list Monday afternoon of 4,000 layoffs and dozens of program eliminations that would be required should the General Assembly insist on taking another $300 million from the budget. Lawmakers are searching for roughly $1 billion in savings to avoid a projected shortfall in next year's budget. Last week, they ordered the system to compile a list by Friday of the cuts it would make. University System spokesman John Millsaps said the Friday deadline wasn't possible. The presidents of the 35 public colleges and universities forwarded ...
IBM to lay off 400+ workers
Post Date: 2010-03-02 00:28:16 by Nebuchadnezzar
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IBM to lay off 400-plus workers, alliance says Employee group blames cutbacks on an IBM shift to offshore work By Patrick Thibodeau March 1, 2010 06:14 PM ET Computerworld - IBM has issued layoff notices to more than 400 workers, according to the Alliance@IBM/CWA Local 1701, an employee organization that has been the principal source of layoff information at the company. The Alliance's online job cuts board was abuzz today with news from employees, all anonymous, who had received layoff notices. The Alliance gets some of the paperwork involved in the layoffs and can typically pinpoint the number of job cuts. The layoff count is expected to grow beyond 400, said Lee Conrad, national ...
February 2010 Federal Tax withholding plummet (So much for recovery)
Post Date: 2010-03-02 00:12:43 by Nebuchadnezzar
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February 2010 Federal Tax Withholdings Plunge To Multiyear Low Submitted by Tyler Durden on 03/01/2010 22:31 -0500 * Federal Tax * Recession February was not an auspicious start to Obama's record budget deficit-busting plans. The Daily Treasury Statement for the full month of February was just released, and it disclosed that while corporate tax withholdings, net of refunds, actually climbed marginally to $3.4 billion from $(3.4) billion in February 2009, individual tax withholdings plunged to a multi-year low of $30.7 billion. Combined, the two items also posted a multi low of $34 billion, less than the previous recent low from February 2009 when the first leg of the Greater ...
ACORN Workers Cleared In NYC Prostitute Video
Post Date: 2010-03-01 17:50:52 by Brian S
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Brooklyn prosecutors on Monday cleared ACORN of criminal wrongdoing after a four-month probe that began when undercover conservative activists filmed workers giving what appeared to be illegal advice on how to hide money.While the video by James O'Keefe and Hannah Giles seemed to show three ACORN workers advising a prostitute how to hide ill-gotten gains, the unedited version was not as clear, according to a law enforcement source."They edited the tape to meet their agenda," said the source.O'Keefe and Giles - who visited ACORN offices in several cities, including its Brooklyn headquarters - stirred controversy when they posted the videos on their Web site.They were hailed ...
California Delays Payments, Ponders IOUs Again, Demands 80% of Income Tax Paid Before It's Even Earned (Socialism on steroids)
Post Date: 2010-03-01 17:32:40 by Nebuchadnezzar
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California Delays Payments, Ponders IOUs Again, Demands 80% of Income Tax Paid Before It's Even Earned Tactics in California to shore up its municipal bond rating are quite humorous. Supposedly, by delaying payments to schools, California can boost confidence in its bonds. Please consider this sure-fire confidence booster: California Passes Bill to Guard Cash as Bond Delayed. California’s Assembly passed a bill allowing it to delay payments to programs including schools to avoid running out of cash, a move aimed at boosting confidence in bonds sold by the most-populous U.S. state. The passage comes a day after Treasurer Bill Lockyer told lawmakers the bill was needed to send a ...
Rep. Suzie Bassi: "Illinois in Utter Crisis, Next to Bankruptcy, $13bn Hole in a $28bn Budget"
Post Date: 2010-03-01 17:11:31 by Nebuchadnezzar
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Rep. Suzie Bassi: "Illinois in Utter Crisis, Next to Bankruptcy, $13bn Hole in a $28bn Budget"; Ambrose Evans Pritchard Inflicted with FIV Ambrose Evans-Pritchard has the right facts but the wrong cure in Don't go wobbly on us now, Ben Bernanke, an article detailing the problems in many US states, notably Illinois. Barack Obama's home state of Illinois is near the point of fiscal disintegration. "The state is in utter crisis," said Representative Suzie Bassi. "We are next to bankruptcy. We have a $13bn hole in a $28bn budget." The state has been paying bills with unfunded vouchers since October. A fifth of buses have stopped. Libraries, owed $400m ...
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