After a long, strange trip, Election 2012 is in the books. It’s been a long week, so sit back and relax with my latest edition of TGIF. Your comments are welcome, as always, at idonnis (at) ripr (dot) org.
Providence Journal managers have closed the door on cost-saving talks with the Providence Newspaper Guild and plan to move ahead with layoffs in the first week of November, according to Guild president John Hill.
Hill says a ”very bad” October revenue report made management unwilling to offer a guarantee of no layoffs in 2013. Management plans to eliminate enough positions to cut spending by $1.2 million.
Once upon a time, politicians across the land found a magical formula for achieving popularity. They kept public employees’ pay low, enabling low tax rates (hooray!); to make up for the low pay, they promised fat pensions down the road (huzzah!). The pensions were funded by gimmicks and wishful thinking. But that would be a problem for future politicians to reckon with.