Tag: accounting

Hermosa Beach Police Chief and Councilman Fishman Defend $100,000 Meter Maids on Grounds "When You Outsource, You Take Away Union Jobs"
August 12, 2012 0

Hermosa Beach Police Chief and Councilman Fishman Defend $100,000 Meter Maids on Grounds "When You Outsource, You Take Away Union Jobs"

By News Desk

Please consider Hermosa Beach Meter Maids Make Nearly $100K When contemplating the many reasons cities in California and elsewhere are venturing closer to bankruptcy, look no further than the relatively lucrative and often-unjustifiable salaries bestowed on municipal employees – and the lofty pension benefits attached to the high pay. One of the latest examples comes from the California coastal city of Hermosa Beach, where some community service staffers who collect money from parking meters and manage their operations – positions once widely known as “meter maidsâ€â€“ are making nearly $100,000 a year in total compensation, according to city documents. There are 10 parking enforcement employees for the 1.3-square-mile beach city southwest of downtown Los Angeles, and they pull down some disproportionate compensation, considering their job functions.

French Central Bank Admits the Obvious: France Back in Recession
August 8, 2012 0

French Central Bank Admits the Obvious: France Back in Recession

By News Desk

French Central Bank Admits the Obvious: France Back in Recession For those who who view matters on a practical basis, France has been in recession the entire year. For those who need to see two quarters of negative growth first, France slides back in recession . France is headed back into recession for the second time in just over three years, the country’s central bank warned on Wednesday.

Crash in Spanish 2-Year Bond Yield; Monti Calls for More Crisis-Fighting Urgency; No Structural Problems Fixed
August 6, 2012 0

Crash in Spanish 2-Year Bond Yield; Monti Calls for More Crisis-Fighting Urgency; No Structural Problems Fixed

By News Desk

Bloomberg reports Monti Calls for More Crisis-Fighting Urgency in ECB Standoff Italy’s Prime Minister Mario Monti warned of a potential breakup of Europe without greater urgency in efforts to lower government borrowing costs, as a standoff over European Central Bank help for Italy and Spain hardened. Monti, in an interview with Germany’s Der Spiegel magazine published yesterday, said that disagreements within the 17- nation euro area are detracting from the policy response to the debt crisis and undermining the future of the European Union. Spain and Italy, whose surging borrowing costs have shunted them to the heart of the turmoil in the euro area, are resisting pressure from ECB President Mario Draghi to formally request aid in return for strict conditions before the central bank will buy their bonds

Four Different Viewpoints on Employment; Reflections on Biased Reporting
August 6, 2012 0

Four Different Viewpoints on Employment; Reflections on Biased Reporting

By News Desk

Four Different Viewpoints on Employment; Reflections on Biased Reporting Posted by Michael Shedlock at 12:26 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.