Word: cutting
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...coffee! Maybe coffee will save journalism! In June, MSNBC signed a deal to make Starbucks the official caffeinated beverage of its talk show Morning Joe. In 2008 a chain of TV affiliates cut a deal to place McDonald's iced coffee on anchor desks. (Watch an interview with Joe Scarborough...
...Booker hired Garry McCarthy, a respected, no-nonsense New York City cop, to run his police department. McCarthy had helped New York City mayors Rudy Giuliani and Michael Bloomberg cut Big Apple crime. Booker took a huge risk because in Newark, McCarthy had two strikes against him. First, he's white. In a majority-black city fraught with racial tension between residents and police officers, that was sure to anger some locals. Second, he's not from Newark, a provincial town accustomed to giving plum public-sector jobs to its own. So here comes this Ivy League mayor reared...
...million to $73 million, according to the city, as a healthy return on his talent investments. A more professional and efficient city hall has helped Newark collect an extra $10 million in property taxes this year in spite of the foreclosure crisis. Further, Booker has proposed a 2% pay cut for all non-police and non-firefighter employees making more than $100,000 and is pushing for mandatory furloughs...
California's crisis winds all the way back to 1978's Proposition 13, which cut property-tax rates 57% and forced the state to rely more heavily on income tax revenue. When Californians were wealthy, the tactic generated a surplus, enabling politicians to cut taxes, pad budgets and bask in their popularity. But when times were lean, the state struggled to pay its bills. Governor Pete Wilson encountered this dilemma in 1991, as did Gray Davis in 2003. Now it's Arnold Schwarzenegger's turn to try to wrestle a highly partisan legislature into slashing enough programs to eliminate...
Rolling in Dough 1998 California records a $4 billion surplus. State leaders agree on a $1.4 billion tax cut...