Quick thought on the furloughs. Isn't it strange that they are all "coming" due right now? I mean, why not wait until Tuesday's quarterly report to use that as a "reason" for them? Could it be that corporate is going to report "good" news like Gannett did and after that it will be tougher to give a reason to implement the furloughs?
I expect Pruitt will trumpet the furloughs as a smart move to reduce McClatchy's cash expenses. But remember, a lot of the furloughs will be implemented in the second half of the year. And the vacation burndowns Sacramento and Modesto are considering in lieu of furloughs will be implemented in the second half of the year.
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5 comments:
TIMING? WITH FILTH REPORTED AS NEWS FROM THE WAPO, (MNI COULD HAVE REPORTED IT TOO) WHO CARES ABOUT TIMING, MAY THEY ALL GO CHAPTER 11 AND SOON! I'LL NEVER BUY YOUR TRASH!
WaPo Mag Contributing Editor: "Any Latina Could Make a Better Decision Than a White Man Could"
The contributing editor of the Washington Post Magazine gives racist judge Sonia Sotomayor two thumbs up.
In today's "She Really Didn't Say That, Did She?" segment, a contributing editor to Washington Post magazine claimed that if Supreme Court nominee Sonia Sotomayor were being really honest with America, "[S]he probably would want to say, 'Not only do I mean a wise Latina, I meant any Latina could make a better decision than a white man could.'"
Latest State-Run Media Lie: Sarah Palin's Hair Is Thinning. They're even lying about her hair.
Several state-run media outlets including The New York Times, Inside Edition, Keith Olbermann and the WaPo's Chris Cillizza all spread the lie this week that Sarah Palin's hair was thinning due to stress:
"I mean, why not wait until Tuesday's quarterly report to use that as a "reason" for them?"
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Because Vacation burn down doesn't effect their earnings. It is only an effective tool in the use of tricking your employees, but entirely useless on analysts or the SEC as it doesn't do anything for the bottom line.
Maybe they are right. Furloughs (vacation burn downs) will eventually help the bottom line. But why do them if the parent company reports good news? What "incentive" is there to piss off their employees when they can see the parent company is doing better?
By doing them now they can claim if questioned that their numbers were not good enough ("the other papers without furloughs pulled us through") since the local numbers are not reported publicly.
After tomorrow they likely could not implement them until the company reported bad data again (which might not happen, or might happen next year).
BURY THIS McCLATCHY
The Pelosi-Reid Congress shattered spending records this year by a cool trillion. (New York Post) d:
Data published by the White House show federal spending has inched upward annually since 1965.
But no other year comes close to matching 2009's $3.997 trillion gusher -- a spending binge that's helped put Congress on track for a record $1.8 trillion deficit.
By way of comparison, in fiscal year 2008, Congress tore through a total of $3 trillion with a then-record deficit of $458 billion, according to White House figures.
And the amount of government debt held by the public will have ballooned from $5.8 trillion to $8.5 trillion in less than a year.
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