Right now, the state is wrestling with a fiscal megacrisis that goes back to 2006, when the Legislature cut local property taxes and made up for the lost revenue with a new business tax. The new tax produced billions less than expected to the shock and horror of everyone except all the experts who had been predicting that all along.
The experience of a nearby state, Indiana, where Gov. Mitch Daniels eliminated bargaining for state employees six years ago, shows just how much is at stake, both for the government and for workers. His 2005 executive order has had a sweeping impact: no raises for state employees in some years, a weakening of seniority preferences and a far greater freedom to consolidate state operations or outsource them to private companies.
During a private two-hour interview in a visitor room here on Tuesday, and in earlier e-mail exchanges, he asserted that unidentified banks and hedge funds were somehow 'complicit' in his elaborate fraud, an about-face from earlier claims that he was the only person involved.
THE collapse of Lebanon s government on Tuesday signaled the final stage in Hezbollah s rise from resistance group to ruling power. While Hezbollah technically remains the head of the political opposition in Beirut, make no mistake: the Party of God has fully consolidated its control in Lebanon, and will stop at nothing including civil war to protect its position.