Posts Tagged ‘state’

Greece to retire or dismiss 30,000 workers

Windsor Genova – AHN News News Writer Athens, Greece (AHN) – The Greek government announced Sunday a plan to cut 30,000 people from its workforce by December to save $400 million in wage payments next year. The plan is part of an austerity measure presented by the cabinet to visiting auditors from the European Commission, [...]

Allstate Insurance files lawsuit against Goldman Sachs over $100 million mortgage securities

Vittorio Hernandez – AHN News Manhattan, NY, United States (AHN) – Allstate Insurance filed a lawsuit with the New York state Supreme Court on Monday against Goldman Sachs Group over $100 million worth of residential mortgage-backed securities. The insurer said that Goldman considered the securities junk. Goldman Sachs is not the first company sued by [...]

Washington state bank is shut; 44 failures in 2011 (AP)

AP – Regulators on Friday shut down a small bank in Washington state, pushing to 44 the number of U.S. bank failures this year in the wake of a severe recession and mounting troubled loans. View full post on All Stories

Foreclosure Contractors Face New Scrutiny From States

ProPublica Staff United States (ProPublica) – by Marian Wang While federal and state officials investigating flawed foreclosures have largely focused on holding the banks accountable and bringing relief to wronged homeowners, officials in a few states have begun targeting the more obscure middlemen of the foreclosure scandal. Prosecutors in California and Illinois have sent subpoenas [...]

Judge voids Wisconsin law repealing collective bargaining

Windsor Genova – AHN News News Writer Madison, WI, United States (AHN) – A Dane County judge on Thursday suspended the implementation of a law repealing collective bargaining for public employees in Wisconsin on grounds that Republican lawmakers passed it illegally. Circuit Judge Maryann Sumi ruled that GOP senators violated the state’s open meetings law [...]

Do states control their fiscal destiny? Not as much as they may think.

State leaders love to make promises about healing a sick economy. Often, though, economic success depends on factors far beyond their influence. View full post on All Stories

Christie: Tax windfall validates fiscal decisions

Gov. Chris Christie said the tax collection windfall state budget experts announced this week proves his economic policies are working. View full post on All Stories

Brown to unveil revised California budget, tax proposal

Kris Alingod – AHN News Contributor Sacramento, CA, United States (AHN) – California Gov. Jerry Brown on Monday was set to unveil an updated budget plan to close a record $26.6 billion deficit while taking into account better-than-expected April tax receipts and Republican opposition to a June ballot on tax extensions. The announcement will come [...]

Fiery as ever, Laffey sets cross hairs on Providence, pensions

By Barbara Polichetti EAST GREENWICH, R.I. — Drastic times call for drastic measures, and former Cranston Mayor Stephen P. Laffey didn’t pull any punches Saturday morning when telling a citizens’ watchdog group how he would solve the state’s staggering fiscal woes. The City of Providence, which could easily topple the whole state if it doesn’t [...]

Budget to be further tweaked by Senate

COLUMBUS – As the state budget moves from the House, the Senate will continue taking out and adding in bits and pieces of its own version of the recipe.Sen. Keith Faber expects policy, rather than fiscal, tweaking, he said this week. Faber,… View full post on All Stories

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