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The Daily Read – May 12, 2011

By Erica Varlese

Today, thousands will march from City Hall to Wall Street to protest teacher layoffs.

The public weighed in for the last time on balancing the budget for schools in Utica, NY. The deadline for labor negotiations and a potential pay freeze in lieu of layoffs is Monday.

Bloomberg’s popularity among voters has gone down, with a majority of those polled stating that they disapproved of his handling of the budget.

The Huffington Post covers the May 12 Coalition’s request for New York banks to take a 20 percent cut on city contracts to help the budget crisis.

New York Times blogger Catherine Rampell explains that  the problem isn’t that too many people are getting laid off, but those that are laid off have nowhere to go with a applicant to job ratio of 4 to 1.

The latest general strike in Greece happened yesterday in response to another round of budget cuts.

 

May 3, 2011

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