New Jersey Makes It Official: The Slashing Of Public Employee Benefits Has Begun

New Jersey Makes It Official: The Slashing Of Public Employee Benefits Has Begun (Business Insider, Jun. 24, 2011):

New Jersey lawmakers voted to pass Governor Christie’s sweeping cuts in public worker benefits last night.

Despite the 8,500 protesters outside the capital building and a loud public outcry, the bill passed with a vote of 46-32.

Read moreNew Jersey Makes It Official: The Slashing Of Public Employee Benefits Has Begun

More than 29 states face total budget shortfall

At least 29 states plus the District of Columbia, including several of the nation’s largest states, faced an estimated $48 billion in combined shortfalls in their budgets for fiscal year 2009 (which began July 1, 2008 in most states.) At least three other states expect budget problems in fiscal year 2010.

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NYC Freedom Tower plans found in trash

The government agency building a 102-story skyscraper at the World Trade Center site is investigating the discovery of two sets of blueprints for the building that a homeless man says he found in the trash.

The schematic documents for the Freedom Tower, under construction at ground zero, were marked “Secure Document – Confidential,” the New York Post reported Friday.

The documents, dated Oct. 5, 2007, contain plans for each floor, the thickness of the concrete-core wall, and the location of air ducts, elevators, electrical systems and support columns, the Post reported.

Michael Fleming told the newspaper he found the documents on top of a public trash can in downtown Manhattan, with written warnings on it to “properly destroy if discarded.”

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Developer Sues to Win $12.3 Billion in 9/11 Attack

Larry A. Silverstein, who has won nearly $4.6 billion in insurance payments to cover his losses and help him rebuild at the World Trade Center site, is seeking $12.3 billion in damages from airlines and airport security companies for the 9/11 attack.Mr. Silverstein, the developer of ground zero, sought the damages, whose amount was not previously known, in a claim filed in 2004, that says the airlines and airport security companies failed to prevent terrorists from hijacking the planes used to destroy the buildings.

His case was consolidated last week with similar, earlier lawsuits brought by families of some victims of the attack and by other property owners. But in seeking $12.3 billion, he is by far the biggest claimant in the litigation.

Read moreDeveloper Sues to Win $12.3 Billion in 9/11 Attack