I do not recall in my 30 years covering the city, a mayor eliminating cops from the workforce, but that’s what Mayor Bill Finch announced today he’ll do to save roughly $2 million to close a growing budget deficit.
Finch said the police cuts, about 15 positions, will impact higher-ranking administrators and not patrol ranks. Finch said another 15 or so additional positions outside the police department will be eliminated. Can the police union save the jobs? We’ll see if Finch’s announcement gets them back to the bargaining table for concessions involving overtime, insurance, sick leave and future pay. The current police contract that the union negotiated three years ago apparently does not include bumping rights for employees impacted by layoffs. Maybe they thought police jobs would never be eliminated.
Finch’s announcement comes on the heels of a crazy week when Wall Street, say financial historians, took its biggest hit since The Depression, and now it’s trickle-down torture.
The Hartford Courant on Sunday ran a fascinating story about the loss impact Greenwich billionaires are having on Connecticut’s income tax revenues. All those rich folks we love to hate in Green-wich pay more state income taxes than all of the three largest cities combined. Lots of taxable income down the drain last week. I wonder what OIB friend Con Filardi thinks about that?
Finch can take heart, for what it’s worth, that he’s not alone in the financial pot of blood boiling over.
John McCain started last week saying the fundamentals of the economy are strong. He ended it by saying he wanted to fire everyone. In a snap of his fingers he went from no regulation to yes, I love regulation. And now we’re looking at Socialism because there’s just no choice. The government that Republicans want to keep out of their lives (me too) will have its biggest say yet.
This is a super close presidential race. If McCain loses it’s because of his poor temperament and disconnection from reality. He acted like a guy that’s never used the internet, never balanced a checkbook and, yes, doesn’t know how many houses he owns. This is where Barack has an opening. He acted presidential last week while McCain acted like a one-man panic squad.
The first presidential debate airs Friday night. They’re supposed to talk about international affairs. America’s economy impacts the world so I’m sure this fiscal chaos will find its way early into the debate. This race will come down to mental toughness, temperament and judgment. Whom do you trust?
News release from Christopher Shays
Shays Calls for Executive Compensation Limits in Rescue Plan
Washington , D.C. – Congressman Christopher Shays (CT-4), a senior member of the Financial Services Committee, called today for executive compensation limits for companies who will be assisted by the Department of Treasury proposal.
“The bottom line is taxpayer funds should not be used to pay executives,” said Shays. “There needs to be accountability for the investment managers and executives who made poor management decisions. Preventing golden parachutes and limiting executive compensation packages at firms that choose to participate seems like a good place to start. This package is about protecting taxpayers’ retirement funds, pension plans, college savings and other investments by ensuring continued liquidity in the marketplace, not about bailouts for the people who got us into this mess.”
“I also believe we can’t cut a $700 billion check to Treasury without strong oversight of this plan, and will be actively engaged in the debate on how to balance emergency relief with significant transparency and accountability,” Shays continued.
We Want You!
How do you attract young people to Bridgeport? You show them a side of the city they’ve never seen.
Keith Cougar Rodgerson and Daniel Comboni, displaced NEST artists, have filmed and produced a 30-second cable spot designed to woo young adults. The commercial is airing on TNT, Bravo and Comedy Central, including Coug’s favorite show The Colbert Report. The campaign is funded by a grant from One Coast, One Future with the help of the Small Business Administration, Bridgeport Regional Business Council and Business Council of Fairfield County.
“The commercial is meant to attract 22-34 year olds to Bridgeport to live, work and recreate,” according to Coug. “It features niche eateries such as Pho Saigon in the West End, the Brazilian steakhouse Pantanal Restaurant in the Hollow, the Bereket Turkish Restaurant and Micalizzis” that Italian ice institution.
The spot also highlights kayaking in Black Rock Harbor, outdoor dining at Harboview Market and the music scene downtown. Background music for the spot was provided by local band The Simple Pleasure. And Cougar even lends his lungs for the voiceover. Check it out at www.youtube.com/watch?v=p7iiAItCD1w
Party With OIB
Okay, boys and girls, make sure you’ve placed the OIB party on your calendar this Thursday, 5:30 at Captain’s Cove. First drink on OIB, plus candidate food fights. We’ll have cardboard cutouts of Sarah and her shotgun, and McCain and Barack in drag. Plus, a photographer for blackmail photos. We’ll reminisce about the future including the first presidential debate. The Democratic Town Committee had the audacity to schedule an event that night. Not to worry, more for us.
Dollar Bill Talks Economics
BILL BRADLEY TO JOIN JIM HIMES IN STAMFORD
Democratic candidate to discuss need for middle class tax relief
On Monday September 22nd at 5pm, Former New Jersey Senator, Presidential candidate, and NBA hall-of-famer Bill Bradley will join Democratic nominee for Congress Jim Himes in Stamford to discuss the need for middle class tax relief. The discussion will take place at the Stamford home of Jonathan and Georgina Rosenbaum, small business owners.
The Connecticut League of Conservation Voters has endorsed Republican State Sen. Rob Russo who is being challenged by Democrat Anthony Musto, the Trumbull town treasurer. To see a complete list of candidate endorsements go to www.ecovotect.org. Press release from organization below:
SEPTEMBER 17, 2008
CTLCV Endorses 45 Pro-Environment Candidates for Connecticut General Assembly
With just over six weeks left until Election Day on November 4, the Connecticut League of Conservation Voters is pleased to endorse its bipartisan “green” slate of 45 pro-environment candidates for Connecticut General Assembly.
We believe these candidates, if elected or re-elected, will lead Connecticut toward adopting environmental policies that are smart and sustainable over the long run.
Our endorsements are based on candidates’ record of support for pro-environment policies, their responses to CTLCV’s 2008 survey, and interviews with the League’s Board.
To view individual candidate surveys and other election-related developments throughout election season, check back at www.ecovotect.org.