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Any advice? Will be sure to pass it along.
"You're going to see a different city now," Councilman Ricky Burgess, the finance chairman, predicted after council gave the borrowing final approval.
Officials said market interest in the borrowing, which comes about two weeks after two ratings agencies revised the city's financial outlook from "negative" to "stable," offered additional evidence of the city's financial progress.
"This is proof positive that our mayor has been leading the city on strong fiscal ground and is leading us toward economic recovery," Mr. Burgess said. (P-G, Joe Smydo)
Developers of a long-blighted North Side block at North Avenue and Federal Street said on Friday that they signed a lease with Nakama restaurant, which should help jump-start development there. (Trib, Thomas Olson)
So, the city took out this huge loan which seems like a sort of good idea. On the one hand, the refinancing should help out with their last loan but on the other hand, it seems a little like we're still paying off our undergraduate degree in psychology and have decided to get a Master's degree...at 30k/year. I guess I would be less worried if I knew exactly what all of this money was going to be spent on. (The Collected Notes of Secret Agent Ska)
Thing is that these bonds are callable on March 1, 2012, with a minimum of a 30 day notice to the registered holders of those bonds. 30 days left of March 1st is... tomorrow? You are talking seriously down to the wire in all of this. (Null Space)
Like I said.. not quite the stuff for a general audience, but beyond any headlines on this, there must be a very serious inside game of poker going on between the city, ICA and everyone else involved in the timing of this. Given how much ink we spill over some incredibly minutia things, you think this all would get a little more coverage or public debate. (ibid)
For more than a year, reporters and anchors seeking a contract through collective bargaining at WTAE-TV (Channel 4) have been stonewalled by owner Hearst TV. After 13 bargaining sessions, Hearst still refuses employee proposals for such basic contract standards as:Meanwhile, Hearst signed collective-bargaining agreements containing these basic standards in six other cities: Baltimore, Cincinnati, Kansas City, Boston, New Orleans and Omaha. (Fairness 4 WTAE)
- Severance benefits when the station fires a worker without cause.
- A minimum salary scale.
- Overtime pay after eight hours work in a day.
- Retirement plan benefits on same terms as other employees at the station.
- Consideration for unscheduled call-outs, split shifts and work on the sixth consecutive day and thereafter.