What's Wrong With This Picture?
While just wandering around some online news sites this rainy, misty day, I was struck by two "breaking news" items.
The first is from the Sacramento Bee:
Nearly 70 police jobs in the city of Sacramento likely have been saved after the police union and city officials reached a tentative agreement early this morning on a series of salary concessions aimed at solving a historic budget gap, The Bee has learned.
Police salary concessions -- forgoing a 5 percent cost-of-living increase and other raises associated with tenure -- will carve more than $6 million from the city's $50 million deficit for the 2009-10 fiscal year, city officials say.
The agreement must be approved by the City Council and by the union members, but I suspect this is a done deal. It would be pretty hard not to approve a deal which saves money and saves jobs during these times.
And then there's this brief article from the Associated Press, which because it is an AP article, I won't be quoting directly.
It has to do with Google, you know, those "Do No Evil" folks. The company has just awarded four top executives bonuses of more than $1.2 million dollars each after the company managed a 1% growth in earnings in 2008. The bonuses weren't as big as last year, but in 2007, the company reported a 37% earnings growth.
Good Lord!
The first is from the Sacramento Bee:
Nearly 70 police jobs in the city of Sacramento likely have been saved after the police union and city officials reached a tentative agreement early this morning on a series of salary concessions aimed at solving a historic budget gap, The Bee has learned.
Police salary concessions -- forgoing a 5 percent cost-of-living increase and other raises associated with tenure -- will carve more than $6 million from the city's $50 million deficit for the 2009-10 fiscal year, city officials say.
The agreement must be approved by the City Council and by the union members, but I suspect this is a done deal. It would be pretty hard not to approve a deal which saves money and saves jobs during these times.
And then there's this brief article from the Associated Press, which because it is an AP article, I won't be quoting directly.
It has to do with Google, you know, those "Do No Evil" folks. The company has just awarded four top executives bonuses of more than $1.2 million dollars each after the company managed a 1% growth in earnings in 2008. The bonuses weren't as big as last year, but in 2007, the company reported a 37% earnings growth.
Good Lord!
Labels: Economic Justice
posted by Diane at 5:00 PM
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