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Showing posts with label unemployed. Show all posts
Showing posts with label unemployed. Show all posts
Tuesday, March 6, 2012
Videos to show You why you Should vote for Ron Paul
PROOF PEOPLE!!! HIS SUPPORTERS ARE COLLECTIVELY COMING TOGETHER~!!
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Sunday, February 26, 2012
Moody's downgrades Stockton's credit
STOCKTON, CA - Moody's downgraded Stockton's credit-worthiness Friday to below investment grade, affecting nearly $341 million of debt.
The rating for Stockton's 2007 pension obligation bonds were downgraded to Ba3 and 2006 lease revenue bonds were downgraded to B1.
"Moody's rates over 12,000 municipalities in the United States. Fewer than 30 are currently rated non-investment grade (Ba1 or lower)," Moody's spokesperson David Jacobson said. "With yesterday's downgrade, Stockton is now rated Ba2. The most notable city on the same list is Detroit, which is currently rated Ba3 and is under review for a potential downgrade."
Moody's also downgraded the city's water enterprise rating to A3.
Moody's decision to downgrade Stockton's credit-worthiness comes after city officials said they will vote Tuesday on whether or not to start the 60-day meditation period required before filing for bankruptcy.
During the meditation process, the city would suspend payments to creditors and work with them on payments. Stockton City Manager Bob Dies proposed that payments only be suspended for the rest of the fiscal year and payments would be made through other revenue sources.
RELATED STORY: Official: Bad money moves, bad luck got Stockton in trouble
Moody's Senior Vice President Eric Hoffmann said "the proposed suspension and entry into a mediation process demonstrates significantly reduced willingness, if not ability, to make full and timely debt service payments."
"The downgrade also reflects the city's indication that it is in the process of restating prior year audited financial results," Hoffmann added. "While this process is in its preliminary stages and only estimates have been released, the potential for restatement reduces the credibility of the city's financial reporting to date. The preliminary estimates released by the city indicate that adjustment to the city's fiscal 2010 audit report will likely be negative and material."
The highest rating is AAA.
"Moody's currently rates the state of California A1 with a stable outlook," Jacobson said. "California is our second lowest rated state. Illinois, rated A2, is the lowest."
Hoffmann said Stockton's credit rating could be further downgraded if the city files for bankruptcy.
Stockton city councilman Dale Fritchen and the Stockton police union have expressed concern over filing for bankruptcy.
"This will hurt Stockton, hurt my neighbors, my family, and my community," Fritchen said. "I'm putting everything in to make sure this doesn't happen."
In a statement, the union said the city is starting to work its way back financially, but filing for bankruptcy would be disastrous.
"Sales revenues are up and residents' confidence is coming back," the police union said in a statement. "Bankruptcy would send the city spiraling backward with no recovery in sight."
The union is calling for residents to show up at Tuesday night's council meeting and push for a public release of the city's budget.
News10/KXTV
The rating for Stockton's 2007 pension obligation bonds were downgraded to Ba3 and 2006 lease revenue bonds were downgraded to B1.
"Moody's rates over 12,000 municipalities in the United States. Fewer than 30 are currently rated non-investment grade (Ba1 or lower)," Moody's spokesperson David Jacobson said. "With yesterday's downgrade, Stockton is now rated Ba2. The most notable city on the same list is Detroit, which is currently rated Ba3 and is under review for a potential downgrade."
Moody's also downgraded the city's water enterprise rating to A3.
Moody's decision to downgrade Stockton's credit-worthiness comes after city officials said they will vote Tuesday on whether or not to start the 60-day meditation period required before filing for bankruptcy.
During the meditation process, the city would suspend payments to creditors and work with them on payments. Stockton City Manager Bob Dies proposed that payments only be suspended for the rest of the fiscal year and payments would be made through other revenue sources.
RELATED STORY: Official: Bad money moves, bad luck got Stockton in trouble
Moody's Senior Vice President Eric Hoffmann said "the proposed suspension and entry into a mediation process demonstrates significantly reduced willingness, if not ability, to make full and timely debt service payments."
"The downgrade also reflects the city's indication that it is in the process of restating prior year audited financial results," Hoffmann added. "While this process is in its preliminary stages and only estimates have been released, the potential for restatement reduces the credibility of the city's financial reporting to date. The preliminary estimates released by the city indicate that adjustment to the city's fiscal 2010 audit report will likely be negative and material."
The highest rating is AAA.
"Moody's currently rates the state of California A1 with a stable outlook," Jacobson said. "California is our second lowest rated state. Illinois, rated A2, is the lowest."
Hoffmann said Stockton's credit rating could be further downgraded if the city files for bankruptcy.
Stockton city councilman Dale Fritchen and the Stockton police union have expressed concern over filing for bankruptcy.
"This will hurt Stockton, hurt my neighbors, my family, and my community," Fritchen said. "I'm putting everything in to make sure this doesn't happen."
In a statement, the union said the city is starting to work its way back financially, but filing for bankruptcy would be disastrous.
"Sales revenues are up and residents' confidence is coming back," the police union said in a statement. "Bankruptcy would send the city spiraling backward with no recovery in sight."
The union is calling for residents to show up at Tuesday night's council meeting and push for a public release of the city's budget.
News10/KXTV
Thursday, February 23, 2012
How Stupid Some People Can Be
Honestly, where does one find an ego that far out of touch with humanity, that they cry because someone moved something and or borrowed it and put it back exactly where it was. They are so caught up in their own world, they have forgotten who really Runs this shit. Step up and see what happens, I know exactly where I stand, and that is in The Right.
I mean my own brother, seriously he has not come to terms with the fact that very soon, nobody is going to own any type of materialistic goods. There will no longer be a need to outshine, or out-spend 'The Johnsons.' There will not be a cry for someone's ego trips, because nobody will care if that hurt your feelings or not. Just because you tell me not to take anything out of your room without permission, means I can't borrow something real quick and return it in the same condition it was in when I found it. You really need to blow off some steam, if that alone is causing you to flip your top.
You are not a Dictator, nor am I a servant. I am not gonna have my own Family treating me like an un-educated Animal anymore, it is very disheartening when they don't listen to you, they don't believe you, and they want you to do better, but aren't willing to go that extra step, to help you get back on the right track. It's easy to tell someone they are on the wrong track, but helping them get going in the right direction again is their problem, Right? Granted I have made a few mistakes along the way, but nobody is perfect. Needless to say, I feel unwelcome on this Planet, and it's only because I am too good for it!
I mean my own brother, seriously he has not come to terms with the fact that very soon, nobody is going to own any type of materialistic goods. There will no longer be a need to outshine, or out-spend 'The Johnsons.' There will not be a cry for someone's ego trips, because nobody will care if that hurt your feelings or not. Just because you tell me not to take anything out of your room without permission, means I can't borrow something real quick and return it in the same condition it was in when I found it. You really need to blow off some steam, if that alone is causing you to flip your top.
You are not a Dictator, nor am I a servant. I am not gonna have my own Family treating me like an un-educated Animal anymore, it is very disheartening when they don't listen to you, they don't believe you, and they want you to do better, but aren't willing to go that extra step, to help you get back on the right track. It's easy to tell someone they are on the wrong track, but helping them get going in the right direction again is their problem, Right? Granted I have made a few mistakes along the way, but nobody is perfect. Needless to say, I feel unwelcome on this Planet, and it's only because I am too good for it!
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