News
CNN: Money | Postal Service asks Congress to allow 120,000 layoffs, overhaul benefits
According to documents obtained by CNNMoney, the United States Postal Service is appealing to Congress to remove collective bargaining restrictions in order to lay off 120,000 workers. It also wants congressional approval to replace existing government health care and retirement plans.
CNN: Money | Americans' bleak outlook on jobs
Americans are feeling pretty grim about jobs these days. Only 29% of respondents to a poll released Friday believe more jobs will be available in their communities a year from now.
Econ Comments
Washington Post | Clueless in Washington
It’s sobering that three-fourths of Americans, according to a new Washington Post poll, have little or no confidence in our elected leaders to solve the nation’s economic problems. At this point, though, it’s hardly surprising.
Blogs
Heritage Foundation | Pennsylvania Considers Changes to Profligate Prevailing Wage Laws
State governments across the nation are looking for ways to tighten their belts in the face of declining tax revenues and growing budget shortfalls. In Pennsylvania, legislators have offered a measure that would, they claim, dramatically reduce the state’s construction costs on public works projects by bringing contractors’ wages in line with the prevailing market rates.
