The article talks about forecasts for the coming years by business economists. As they did in February of this year, they recently predicted a 2.4% increase in the economy next year, followed by a 3% growth the following year. They also predicted that consumer spending will increase by 2.3%, up from the earlier forecast of [...]
The 2014 Olympics to be held in Sochi, Russia are going to be somewhat different than most of the previous Olympic games. Usually, a city that is chosen to host the game derives funds from the public, but in Sochi, most of the financing is coming from state-controlled companies and private tycoons. So far, with [...]
All levels of government, from city to state to federal, have been expecting layoffs and hiring freezes. But, as reported to the nonprofit Center for State & Local Government Excellence, these numbers have been less than expected. The employees who are able to remain on the job are finding that their benefit levels are being [...]
The California Teachers Association reports that by May 15 about 1,300 teachers, librarians, counselors, and other public school employees have received layoff notices. This represents the lowest number of layoffs since the start of the recession in 2008, and is significantly less than the 3,000 preliminary layoff notifications school districts distributed on March 15 to [...]
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