Condé Nast President Bob Sauerberg and Chief Financial Officer John Bellando are in the middle of going over preliminary budgets for next year and are looking to trim some fat. They are asking all the magazines to cut 5 percent from next year’s budget, the Post reports.
“I think the goal is 5 percent, and there is Read More
Israeli journalists at the widely-respected Haaretz newspaper are on strike to protest probable layoffs and budget cuts, the Haaretz website announced. Up to 100 employees are expected to be laid off.
The strike, which began at 4 p.m. Israeli time, will last until midnight. At midnight, employees will vote on whether to continue to the strike or go back to work.
Mayor Bloomberg recently put all of his commissioners on notice that they have to figure out a way to cut their budgets in anticipation of a $2.5 billion budget shortfall in the coming months. Police Commissioner Ray Kelly was asked to submit a new spending plan that includes a cut of some 2.7 percent in the current fiscal year and 4 percent next year. Other agencies have been asked to produce similar, and sometimes even larger, reductions, but it’s the NYPD’s cuts that have many politicians crying foul.
After Mayor Bloomberg released his bad-news budget several weeks ago, we argued in this space that City Council Speaker Christine Quinn—another mayoral aspirant—had to do more than complain about cuts to popular programs. If she wanted to be taken seriously, we argued, she had to provide an alternative vision.
She did just that the other Read More
THE PEOPLE SPEAK
A new Quinnipiac University poll confirms that a soaring budget deficit is the most important issue to most New Yorkers, but also registers resistance to most budget-cutting measures other than freezing wages for state workers.
77% of respondents said New York State has “very serious” budget problems, and 70% were “dissatisfied” or “very dissatisfied” Read More
A coalition of groups advocating for environmental reform sent a detailed memo to Governor Andrew Cuomo and the New York State Legislature today, hoping to make environmental issues a priority for the freshly installed government.
The report calls for tighter regulations on natural gas drilling and water extraction, urges the state to develop a comprehensive Read More
ALBANY—The New York State United Teachers union, which has made no bones about its displeasure with David Paterson's call to cut funding for education, is not ruling out an advertising blitz against him.
"That's always on the table," said Frank Maurizio, a NYSUT spokesman. Already, the union is running an open letter to lawmakers Read More