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        <title>The Free Enterprise Nation - Research</title>
        <link><![CDATA[http://www.thefreeenterprisenation.org/]]></link>
        <description>Research RSS Feed</description>  

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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/public-sector-is-bypassing-private-sector-in-ny-state.aspx]]></guid>
                <title><![CDATA[Public sector is bypassing private sector in NY state]]></title>
                <description><![CDATA[When it comes to New York state, the private sector is suffering, as it lost 247,900 jobs since 2008. Conversely, the state government employment has been on a slow rise since 2000. Not only are the employment rates moving in different directions between the public and private sector, but so are the wages. Between the years of 2007 and 2009, the private sector decreased wages by 4.2 percent, while the public sector wages rose by 5.7 percent. According to the analysis done by the Empire Center, in 55 out of the 62 counties in New York, government workers earn more on average than the private sector. The report also takes into account that government workers enjoy more time off, bigger retirement benefits and more job security, thanks to union contracts and civil service guidelines. New York has two million workers that are in a union, being the heaviest unionized state in the nation.]]></description>
                <pubDate>2010-09-03T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/public-sector-is-bypassing-private-sector-in-ny-state.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/chicago-s-mayor-daley-merges-various-city-departments.aspx]]></guid>
                <title><![CDATA[Chicago’s Mayor Daley merges various city departments]]></title>
                <description><![CDATA[Mayor Daley of Chicago has announced plans to merge several departments to trim expenses and streamline agencies. The consolidation will eliminate various government positions. The Mayor&rsquo;s Office of Special Events will be combined with the Department of Cultural Affairs. The Departments of Land Use Planning and Development and Zoning will also be merged. And finally the Graphics and General Services departments will be consolidated. Previously Chicago has been streamlined, when in October of 2008, ten departments were merged into only four.<br />]]></description>
                <pubDate>2010-09-03T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/chicago-s-mayor-daley-merges-various-city-departments.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/gov--quinn-accuses-challenger-brady-of-plan-to-lower-min-wage.aspx]]></guid>
                <title><![CDATA[Gov. Quinn accuses challenger Brady of plan to lower min wage]]></title>
                <description><![CDATA[The race for a new governor of Illinois is heating up and the accusations concerning minimum wage are flying. Current Gov. Pat Quinn has accused challenged Sen. Bill Brady of planning to reduce the minimum wage. The claim comes from Brady&rsquo;s comments that since Illinois has a minimum wage that is a dollar higher than the federal rate, the state has a significant financial disadvantage. However, Sen. Brady has no plans to slash the minimum wage. Instead, he would freeze the current pay rate until the federal wage catches up. Quinn is still accusing Brady of &ldquo;trying to backtrack and confuse people.&rdquo;<br />]]></description>
                <pubDate>2010-09-03T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/gov--quinn-accuses-challenger-brady-of-plan-to-lower-min-wage.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/private-sector-adds-67-000-jobs-in-august--unemployment-rate-up-to-9-6-.aspx]]></guid>
                <title><![CDATA[Private sector adds 67,000 jobs in August; unemployment rate up to 9.6%]]></title>
                <description><![CDATA[The Labor Department reported that the U.S. lost jobs again in August for the third straight month, while the unemployment rate increased from 9.5% to 9.6%. While the private sector added 67,000 jobs in August, nonfarm payrolls dropped by 54,000 due to the loss of 121,000 government jobs, including 114,000 temporary census positions. The other 7,000 government jobs cut were primarily at the state and local level, where budgets remain tight. The percentage of long-term unemployed, defined as those who have been out of work for six months or longer, dropped from 45% in July to 42% in August.]]></description>
                <pubDate>2010-09-03T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/private-sector-adds-67-000-jobs-in-august--unemployment-rate-up-to-9-6-.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/nebraska-debates-transparency-versus-confidentiality.aspx]]></guid>
                <title><![CDATA[Nebraska debates transparency versus confidentiality]]></title>
                <description><![CDATA[The importance of government transparency versus privacy is up for debate in Nebraska. When a survey by the National Conference of State Legislatures showed that Nebraska ranks extremely high in the cost of health insurance for state employees, Nebraska Auditor Mike Foley launched an investigation to examine why the costs of state health plans are so high. Unfortunately, his request for personal health-care records of state employees and family members has been denied by the Department of Administrative Services and the governor. The performance audit is conducted to determine the cost effectiveness, efficiency and compliance of state health insurance. The survey showed that Nebraska boasts the highest monthly premium for family coverage in 2009, at $1,861. &ldquo;At first glance it appears Nebraska has a very, very expensive plan,&rdquo; Foley said. &ldquo;It sticks out like a sore thumb. What are we doing differently (that) others aren&rsquo;t doing?&rdquo; He added that a completed audit could potentially save taxpayers tens of millions of dollars if modifications are made to the current health care system. Explaining the refusal to supply the records, the director of the Department of Administrative Services said, &ldquo;Protecting the confidentiality of individual health-care records is of utmost concern to us.&rdquo; He added that supplying the confidential records could violate federal HIPAA law and open the agency up for legal charges. Foley pointed out that the documents are subject to audit by oversight agencies and cited the notice of privacy practices which reads, &ldquo;we may disclose your protected health information to a health oversight agency for activities authorized by law, such as (an) audit.&rdquo; The same agency has already supplied the state employees&rsquo; prescription data which is subject to the same level of confidentiality. Without the details about procedures and costs it will be impossible to complete the audit and make any money saving reforms.<br />]]></description>
                <pubDate>2010-09-03T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/nebraska-debates-transparency-versus-confidentiality.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/city-attorney-s-pensions-in-vernon-fall-into--safety-worker--territory.aspx]]></guid>
                <title><![CDATA[City attorney’s pensions in Vernon fall into “safety worker” territory]]></title>
                <description><![CDATA[City attorneys in Vernon, CA, are lumped into the safety worker category, and receive pensions that are, on average, 11% higher because of it. Vernon already boasts some of the highest paid public workers in California, and on top of that they receive the rare bonus of qualifying for pension benefits that are like that of police and firefighters. One retired city administrator and city attorney, now works as a legal consultant and receives $525 an hour. In 2008, he made $1.65 million, with $340,000 of that for his retirement fund.]]></description>
                <pubDate>2010-09-02T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/city-attorney-s-pensions-in-vernon-fall-into--safety-worker--territory.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/harrisburg-skipping-bond-payment--moving-closer-to-bankruptcy.aspx]]></guid>
                <title><![CDATA[Harrisburg skipping bond payment; moving closer to bankruptcy]]></title>
                <description><![CDATA[The city of Harrisburg, Pennsylvania will skip its scheduled $3.29 million bond payment in September, increasing the calls from some to file for Chapter 9 bankruptcy. The city issued the bonds to pay for a trash incinerator. Harrisburg Mayor Linda Thompson has fought the idea of a bankruptcy filing, and blamed council members for shooting down her plans to raise the real estate tax and water rates. Moody&rsquo;s dropped the rating on Harrisburg&rsquo;s general obligation bonds to B2 in May, putting them five steps below investment grade.]]></description>
                <pubDate>2010-09-02T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/harrisburg-skipping-bond-payment--moving-closer-to-bankruptcy.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/usps-opens-talks-with-two-major-employee-unions.aspx]]></guid>
                <title><![CDATA[USPS opens talks with two major employee unions]]></title>
                <description><![CDATA[With the current four-year contract set to expire, the United States Postal Service (USPS) opened talks with the largest postal employee unions, the American Postal Workers Union, and is looking for concessions on salaries, health benefits and working conditions. The union represents approximately 211,000 mail clerks, maintenance workers, custodians, supervisors and drivers. The USPS will likewise open up talks with the 207,000 member National Rural Letter Carriers Association later this month. Postal Service employees currently enjoy more generous healthcare benefits than those available to other federal employees, with the USPS covering 79% of premiums, compared to the 72% covered by other federal agencies. Union leaders plan to fight to maintain the higher benefits, even though reducing them to the federal average would save the agency $560 million annually. Labor costs, which totaled $56 billion in 2009, account for 78% of the Postal Service&rsquo;s budget.]]></description>
                <pubDate>2010-09-02T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/usps-opens-talks-with-two-major-employee-unions.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/us-debt-approaching-critical-level--according-to-the-imf.aspx]]></guid>
                <title><![CDATA[US debt approaching critical level, according to the IMF]]></title>
                <description><![CDATA[The International Monetary Fund (IMF) released several new papers warning of the risks of escalating debt in many advanced economies, including the United States. The IMF said many countries are getting close to their &ldquo;debt limit,&rdquo; the point at which the threat of default could result in markets boosting interest rates on new borrowing. While the U.S. was not among the five listed as being on the verge of hitting their limit, it was included in the list of countries that are heading in that direction. The IMF blamed the debt levels in the Group of Seven industrialized countries, which includes the U.S., Canada, Germany, Britain, Italy, France and Japan, on the increase in entitlement programs, particularly in healthcare. It said countries rely on deficit spending during rough times, but do not pay down the debt when the economy is strong. The IMF said that the stimulus spending only added slightly to the U.S.&rsquo;s debt, and said the country must rein in spending on healthcare and pension costs in order to address the debt issue.]]></description>
                <pubDate>2010-09-02T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/us-debt-approaching-critical-level--according-to-the-imf.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/colorado-business-leaders-unite-against-card-check-bill.aspx]]></guid>
                <title><![CDATA[Colorado business leaders unite against card check bill]]></title>
                <description><![CDATA[Colorado business leaders are uniting against the Employee Free Choice Act, also called the &ldquo;card check&rdquo; bill. At a recent &ldquo;reverse jobs fair&rdquo; the opposing group claimed that 600,000 jobs could be lost in the state if the bill was to pass, according to the <i>Denver Business Journal</i>. There is no action on the bill at this time, but labor leaders are adamant about is passing in the future.]]></description>
                <pubDate>2010-09-02T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/colorado-business-leaders-unite-against-card-check-bill.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/ny-early-retirement-program-falls-victim-to--rehire-to-retire-.aspx]]></guid>
                <title><![CDATA[NY early retirement program falls victim to “rehire to retire”]]></title>
                <description><![CDATA[In the Hudson River-Black River Regulating District in New York, there were three employees of 12 that were laid off this past May who were rehired the next month only to take part in the state&rsquo;s retirement incentive program. According to the <i>Watertown Daily Times</i>, these three employees were &ldquo;rehired by the board of directors in June with the sole purpose of allowing them to enroll in the state&rsquo;s early retirement incentive program.&rdquo; Two higher level employees in this district also opted for the early retirement program, one who was making over $100,000 per year, according to the Empire Center payroll database.]]></description>
                <pubDate>2010-09-02T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/ny-early-retirement-program-falls-victim-to--rehire-to-retire-.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/white-house-contemplates-more-corporate-tax-cuts.aspx]]></guid>
                <title><![CDATA[White House contemplates more corporate tax cuts]]></title>
                <description><![CDATA[The White House is considering various corporate tax breaks to help spur hiring, possibly including a temporary payroll-tax holiday and a permanent extension of the research and development tax credit.&nbsp;While details of the payroll-tax holiday could vary, business groups have pushed for the temporary tax break, which could end up costing more than $300 billion over ten years. The R&amp;D tax credit extension would likewise be expensive, at an estimated ten-year cost of $100 billion, and concerns over the deficit could make it hard to pass both tax breaks through Congress.]]></description>
                <pubDate>2010-09-02T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/white-house-contemplates-more-corporate-tax-cuts.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/employees-paying-more-for-healthcare.aspx]]></guid>
                <title><![CDATA[Employees paying more for healthcare]]></title>
                <description><![CDATA[Private sector employees with employer-sponsored healthcare plans are covering a higher percentage of their premiums, according to a new report from the Kaiser Family Foundation and the Health Research &amp; Educational Trust. The average employee&rsquo;s share for family plans rose 13.7% this year, while the employers&rsquo; contribution dropped by 0.9%. Overall, employees covered 30% of the premiums for family plans and 19% for individual coverage, compared to last year&rsquo;s levels of 27% and 17% respectively. While 30% of employers said they reduced benefits or increased employees&rsquo; contributions this year due to the recession, the trend of shifting more healthcare costs on to employees has been going on since before the economic slowdown. Since 2005, average premiums increased 27%, yet employees&rsquo; premiums increased 47% while wages only increased 18%.]]></description>
                <pubDate>2010-09-02T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/employees-paying-more-for-healthcare.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/ny-lowering-rate-of-return-for-its-public-pension-plan.aspx]]></guid>
                <title><![CDATA[NY lowering rate of return for its public pension plan]]></title>
                <description><![CDATA[New York State Comptroller Thomas DiNapoli announced that the projected rate of return for the New York State Common Retirement Fund will be dropped from 8% to 7.5%. The move will increase required contributions from the state and local governments in New York by $900 million in February 2012, and will increase annual required contributions from $2.3 billion to $3.6 billion. The New York plan is the first major public defined benefit pension plan to reduce its rate of return assumption this year, but Mr. DiNapoli predicts that other states will follow suit.]]></description>
                <pubDate>2010-09-02T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/ny-lowering-rate-of-return-for-its-public-pension-plan.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/federal-spending-totaled--3-2-trillion-in-2009.aspx]]></guid>
                <title><![CDATA[Federal spending totaled $3.2 trillion in 2009]]></title>
                <description><![CDATA[Federal domestic spending equaled to $3.2 trillion in 2009, according to a recent Census Bureau report. The factors contributing to the 16 percent increase, was stimulus funding and extending unemployment pay. Nearly 46 percent of the spending was for Social Security, Medicaid and Medicare and about $300 billion was used for federal employee compensation.]]></description>
                <pubDate>2010-09-01T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/federal-spending-totaled--3-2-trillion-in-2009.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/ca-transit-worker-receives-65-paid-days-off-every-year.aspx]]></guid>
                <title><![CDATA[CA transit worker receives 65 paid days off every year]]></title>
                <description><![CDATA[The general manager at the North County Transit District makes $310,320 a year, which includes 65 paid days off.]]></description>
                <pubDate>2010-09-01T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/ca-transit-worker-receives-65-paid-days-off-every-year.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/pension-reform-bill-passes-legislature-and-awaits-schwarzenegger-s-signature.aspx]]></guid>
                <title><![CDATA[Pension reform bill passes legislature and awaits Schwarzenegger’s signature]]></title>
                <description><![CDATA[Senate Bill 1425, which seeks to eliminate the practice of double-dipping and spiking pensions, has passed through the California Legislature and now heads to the Governor&rsquo;s desk. The governor will also have to sign Assembly Bill 1987, which will serve the same purpose as SB 1425, but specifically address county workers.]]></description>
                <pubDate>2010-09-01T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/pension-reform-bill-passes-legislature-and-awaits-schwarzenegger-s-signature.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/california-receives-more-federal-funds-than-any-other-state.aspx]]></guid>
                <title><![CDATA[California receives more federal funds than any other state]]></title>
                <description><![CDATA[The federal government spends more money in California than it does in any other state, according to a recent Census Bureau report. All told, California received $346 billion, or 10.7% of total federal spending for 2009. Sacramento, Los Angeles and San Diego received the most money in the state, according to <i>The Sacramento Bee</i>. The high unemployment rate contributed to the increase in federal funding. The state received $12.1 billion for unemployment payments in 2009. Even though the state receives the most money, it has the lowest per capita in federal money.]]></description>
                <pubDate>2010-09-01T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/california-receives-more-federal-funds-than-any-other-state.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/private-sector-cut-10-000-jobs-in-august.aspx]]></guid>
                <title><![CDATA[Private sector cut 10,000 jobs in August]]></title>
                <description><![CDATA[In its monthly jobs report, payroll processing company Automatic Data Processing (ADP) reported that the private sector cut 10,000 jobs in August. According to Adrian Cronje, chief investment officer for Balentine, companies have cash on their books, but remain reluctant to hire due to uncertainty over federal tax and fiscal policy. In a separate report, outplacement firm Challenger, Gray &amp; Christmas, Inc, announced a ten-year low in announced job cuts. According to Challenger, there were 34,768 announced job cuts in August, which was the lowest level since June 2000. The Challenger report also showed that the government and non-profit sector account for 30% of all jobs cut this year.]]></description>
                <pubDate>2010-09-01T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/private-sector-cut-10-000-jobs-in-august.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/calstrs-could-run-out-of-money-by-2045.aspx]]></guid>
                <title><![CDATA[CalSTRS could run out of money by 2045]]></title>
                <description><![CDATA[The California pension fund for teachers, CalSTRS, could run out of money by 2045 if changes aren&rsquo;t made to fill the gap. In an effort to draw attention to the problem, the fund is spending $600,000 on a campaign to raise awareness. The pension fund covers 848,000 teachers and their families.]]></description>
                <pubDate>2010-09-01T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/calstrs-could-run-out-of-money-by-2045.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/deficit-trumps-teachers-when-it-comes-to-ri-federal-money.aspx]]></guid>
                <title><![CDATA[Deficit trumps teachers when it comes to RI federal money]]></title>
                <description><![CDATA[Rhode Island is set to receive $32.9 million in federal money, which is meant to go towards education and save teachers&rsquo; jobs; however, all this money will be shifted to plug the state&rsquo;s $38 million budget deficit. The Education Commissioner, along with teachers unions, is not happy with the governor&rsquo;s decision. The money could have saved 400 teaching positions.]]></description>
                <pubDate>2010-09-01T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/sep/deficit-trumps-teachers-when-it-comes-to-ri-federal-money.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/aug/al-now-looking-to-bank-loans-to-save-education.aspx]]></guid>
                <title><![CDATA[AL now looking to bank loans to save education]]></title>
                <description><![CDATA[There are five school districts in Alabama that have already turned to private bank loans to fund the rudimentary operations for this school year, and there are about 25 more school districts that are planning to do the same. During the past three years, Alabama schools have lost 20 percent of their education funding, taking them from $6.7 billion to $5.3 billion, in addition to dealing with midyear cuts in state funding. Even this year school superintendents were already warned for 3-5% proration. When districts are in a tight bind from these budget cuts there are no state-sponsored loan programs for which they can apply; instead, they must apply for private loans, which can be denied. One example of these was seen in Coosa County Schools, which asked for an addition line of credit worth $550,000. They were denied that credit extension and then the state took over their finances. According to the senior policy analyst at Education Sector, &ldquo;Borrowing from one year to another is much more difficult because it gets into a question of sustainability. It&rsquo;s a dangerous thing to do given the forecast doesn&rsquo;t look a lot brighter.&rdquo; Most of these loans are suppose to be paid back by the end of the school year; however, districts are still able to refinance their loans and continue digging a deeper financial hole. Tuscaloosa County School District has dug an $8 million hole with its private loans. Many blame the education cuts on declining revenues and funding the state education&rsquo;s system from income and sales tax revenues.]]></description>
                <pubDate>2010-08-31T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/aug/al-now-looking-to-bank-loans-to-save-education.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/aug/tallahassee--taj-mahal--now-under-investigation.aspx]]></guid>
                <title><![CDATA[Tallahassee “Taj Mahal” now under investigation]]></title>
                <description><![CDATA[The new court house in Tallahassee, known to many as the &ldquo;Taj Mahal&rdquo;, is now under investigation after preliminary findings revealed money was spent on the project that was initially allocated for other uses, along with $16 million taken from the state&rsquo;s Worker&rsquo;s Compensations Trust Fund. According to the Chief Financial Officer, Alex Sink, this was enough evidence to run an audit. The $48 million was originally approved on the last day of the 2007 session, through a $35 million bond added into a transportation bill. The project was lobbied for by two First District Judges.]]></description>
                <pubDate>2010-08-31T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/aug/tallahassee--taj-mahal--now-under-investigation.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/aug/citizens-struggle--while-wealthy-lawmakers-get-richer.aspx]]></guid>
                <title><![CDATA[Citizens struggle, while wealthy lawmakers get richer]]></title>
                <description><![CDATA[As unemployment rose and Americans across the country lost their homes, wealthy lawmakers in Congress only got richer. According to a review done by <i>The Hill,</i> the fifty wealthiest legislators were worth $85.1 million more in 2009 than in 2008, for a total of $1.4 billion. Sen. John Kerry (D-Mass) was the wealthiest with an estimated net worth of $188.6 million. This is the second year in a row with Kerry sitting in the number one spot; he increased his worth by $20 million from 2008 to 2009. <i>The Hill</i> used financial disclosure forms for 2009, and note that most of the accumulated wealth resulted from gains in the stock market. The rest of the high earners can be seen in a slideshow here: <a href="http://thehill.com/homenews/senate/116491-the-hills-50-wealthiest-list-slideshow"><span><font color="#800080">http://thehill.com/homenews/senate/116491-the-hills-50-wealthiest-list-slideshow</font></span> </a>]]></description>
                <pubDate>2010-08-31T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/aug/citizens-struggle--while-wealthy-lawmakers-get-richer.aspx]]></link>
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                <guid isPermaLink="true"><![CDATA[http://www.thefreeenterprisenation.org/research/2010/aug/miami-attempting-to-cut-salaries--pensions-for-current-employees.aspx]]></guid>
                <title><![CDATA[Miami attempting to cut salaries, pensions for current employees]]></title>
                <description><![CDATA[After declaring a state of &ldquo;financial urgency,&rdquo; Miami city commissioners will vote on a plan to cut salaries and pensions for city employees, despite the fact that they are currently under union contracts. The city faces a budget hole of $105 million for next year, mostly due to a $101 million required pension contribution. Employees earning $39,000 will face a 5% cut in pay, with the percentage increasing to a maximum of 13% for someone earning over $120,000. Anyone under $39,000 would not face a salary reduction. The cuts would save approximately $31 million next year. The pension changes would cap annual pensions at $100,000, but would only affect individuals who are not currently vested. Calculations would be based on the average an employee&rsquo;s five highest years&rsquo; salaries, rather than the current calculations that use either one or two years, depending on the position. Finally, benefits would only be paid out to surviving spouses for 10 years, rather than payouts for life. The pension changes are projected to save the city $41 million next year. Finally, changes to the employees&rsquo; healthcare plan would save $7 million.]]></description>
                <pubDate>2010-08-31T00:00:00</pubDate>
                <link><![CDATA[http://www.thefreeenterprisenation.org/research/2010/aug/miami-attempting-to-cut-salaries--pensions-for-current-employees.aspx]]></link>
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