Saturday, 06 June 2009

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  • FL: Florida stands to lose $1 billion because of Lehman Brothers' collapse
    A price tag is now emerging for what last year's collapse of investment giant Lehman Brothers could cost the state of Florida: more than $1 billion. The losses could make Florida and its citizens among the biggest casualties in the biggest bankruptcy ever.

  • FL: Florida's failure to support Tri-Rail hurts road, transit projects
    WASHINGTON — Florida has hurt its chances of luring additional federal dollars to help unclog roads and expand train service because the state has failed to put up enough money to keep Tri-Rail running, members of Congress warned this week.

  • Reports: Bleak state budgets through 2011
    Even if the national recession ends this year as many predict, state budgets will likely be in the red for the next two years, with budget gaps topping $230 billion as tax collections of sales, personal and corporate income lag, two new reports show.


  • FL: Senator criticizes Florida's privatization initiatives
    The state's decision to consider a no-bid contract extension for a controversial human-resources company has renewed criticism from a leading state senator who says privatization initiatives have cost taxpayers $200 million with little to show for the money.

  • US: Prison blues - States slimming down inmate meals
    The recession is hitting home for inmates, too: Some cash-strapped states are taking aim at prison menus.

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