...He said tax revenue across the state is far short of the forecast set by lawmakers last winter. Collapsing construction activity, plummeting real-estate sales and thousands of job cuts at large employers forced the belt-tightening....
New Jersey Gov Corzine: We're in a recession (click here)
Wed Mar 12, 2008 4:45pm EDT
..."I certainly concur with the view that we are in a recession," Corzine said in an exclusive interview at Reuters' U.S. headquarters in New York. "We have pretty strong indications that we have seen a major, major downshift in the economy. I think we'll find we started in the last quarter of last year."...
The BOSS in the Oval Office ONLY figured this out now? Really? I can't wait to hear when we are finally in a depression.
US recession 'began last year' (click here)
Page last updated at 18:32 GMT
Monday, 1 December 2008
The US entered a recession in December 2007, according to the National Bureau of Economic Research (NBER).
Its business cycle dating committee, which is considered the arbiter of whether the US is in recession, met on Friday to make the decision.
The NBER says that the US economic expansion lasted 73 months, from November 2001, before contracting.
It used a broad range of economic indicators, such as employment and production, to make this judgement....
National Bureau of Economic Research (click here) is a private institution. It is behind the curve in its prediction and why government has to redefine its responsibility in calling it like it is rather than as the private sector wishes it would be. We aren't in Kansas anymore. Bush, no different than his father or Reagan or Nixon attempted to turn the entire government infrastructure, including the military, to privatized organizations.
IT DOESN'T WORK !!!
The USA economy can't be sold to the highest private bidder by decentralizing the authority of the government, be it federal, state or local. The USA economy has to be based in PRODUCTION, not faux 're-organizing' of government infrastructure. In decentalizing the authority of government it is simply shifting 'that aspect' of the USA economy to the private sector while diminishing the tax base. It is a hideous way to approach a viable economy, no different than 'de-regulation' of USA natural resources. The power of the USA economy is in innovation and not EXPLOITATION.
Employees fail in challenging outsourcing decisions before GAO (click here)
By ELISE CASTELLI
September 07, 2008
Since Congress allowed federal employees to challenge outsourcing decisions at their agencies, beginning this past January, many employees have done so.
But so far, none has been successful.
Employees can challenge an outsourcing decision before the Government Accountability Office. Before January, only contractors could challenge an adverse agency contracting decision — also, before the GAO.
Since January, GAO has seen a doubling in the number of challenges being lodged over competitive sourcing decisions. GAO has decided 14 cases protesting decisions and solicitations issued under Office of Management and Budget Circular A-76, the rulebook that governs how agencies can outsource work. Eight of those cases have been brought by employees since January — the rest are challenges waged by companies. In fiscal 2007, GAO handled just seven cases for the entire year....
...Outsourcing at Sheppard air base
A recent large outsourcing decision by the Air Force is likely to prompt another employee protest.
The Air Force announced last month it will outsource 180 civilian jobs — mostly civil engineers — at Sheppard Air Force Base in Texas.
AFGE is waiting to be briefed on the decision before it files a protest.
The union contends the Air Force broke the law by allowing the competition to continue beyond the 30-month statutory time limit for public-private competitions....
