Subscribe to feed

77,000 federal workers are paid more than the governors of the states in which they work

← Back to list


More than 77,000 federal government employees throughout the country — including computer operators, more than 5,000 air traffic controllers, 22 librarians and one interior designer — earned more than the governors of the states in which they work.The findings, from a Congressional Research Service report requested by Sen. Tom Coburn, Oklahoma Republican, were released at a time when public workers' salaries and benefits are under scrutiny across the country as governments try to streamline.
WASHINGTONAn index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy. Prices fell from February to March in 18 of the metro areas tracked by the Standard & Poor's/Case-Shiller 20-city index. And prices in a dozen markets have reached their lowest points since the housing bubble burst in late 2006.
BEIJING - China's regulators plan to shift 2-3 trillion yuan ($308-463 billion) of debt off local governments, sources said, reducing the risk of a wave of defaults that would threaten the stability of the world's second-biggest economy. Beijing will also lift a ban on provincial and municipal governments selling bonds, a step aimed at bolstering their finances with more transparent sources of funding.
A 10,200-acre desert site in Arizona sold for $32.5 million this week, five years after a group with investors including the California Public Employees’ Retirement System paid $400 million for the land. I suppose paying under $10,000 per lot sounded good to someone in 2005, but the new owners are more realistic: “This won’t be developed in my lifetime.” said Kent Kleinman, a spokesman for the buyer.



More Good Stuff:

The Twinkie Defense « Systematic Relative Strength 


Learn to ♥ the Bubble « Systematic Relative Strength


Fed Gave Banks Crisis Gains on Secretive Loans Low as 0.01% - Businessweek


Stephen Moore: A 62% Top Tax Rate? -


Bill would allow 'rounding up' of home values - Business - Personal finance - Real estate -


Why A Popsicle Stick Manufacturer Just Moved From China To Canada


Starbucks to Raise Packaged Coffee Price by 17% - CNBC


How Google Became a Value Stock -


Members of Congress Get Abnormally High Returns From Their Stocks


More on Evil Speculators


 Is The Human Race Doomed? Deutsche Bank On "One The Most Important (Future) Turning Points In History" | zero hedge


 QE2 Has Created a Massive New Bubble -

Click play button to listen to our most recent show.


Download an Mp3 version of the show to your iPhone or other Mp3 player!
Click here: