New Orleans to cut staffAccording to Mayor Ray Nagin, New Orleans has to lay off as many as 3,000 workers, about 50% of its total payroll, because of the damage done to the city's finances by Hurricane Katrina. The announcement, made by Nagin on Tuesday, was a concession to a mounting financial crisis across the region that was devastated by Hurricanes Katrina and Rita. Details:
Meanwhile, the Economic Policy Institute (EPI) has prepared a memo outlining policies to guide the post-Katrina building process. According to EPI, "the recommendations cover policies for local hiring, prevailing wages, health care, training, and ensuring a voice in the process for residents of the affected areas. They mustn't be left behind again."
Tags: Economy, Labor, Public Policy, Business, Hurricane Katrina
4 comments:
We knew that the economic would suffer. It has only just begun....
New looks! I think this is more in step with the theme here.
To my blogging guru: Thank you. I am glad you approve of the new look. Send me your bill. ;-)
Let us pray, indeed, Reggie. I think many of us knew the economic impact would be huge. We are not surprised at the high-stake commercial interests in rebuilding New Orleans. One of my big concerns is that once the city is redeveloped, the people displaced will not be able to return. They will no longer be able to afford to live in their old neighborhhoods.
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