Ill. Governor suspends all state business with Bank of America: In a stinging note of support for the laid off workers that have taken up residency in Chicago's Republic Windows & Doors factory, the Governor of Illinois has suspended business with Bank of America until it reissues credit to the shuttered company. Dow, 3M slashing jobs amid slowdown: Dow Chemical Co. said Monday it will slash 5,000 full-time jobs — about 11 percent of its total work force — close 20 plants and sell several businesses to control costs amid the economic recession. Mayors Get in Line for U.S. Funds: Big-city mayors will arrive on Capitol Hill Monday to lobby for more federal spending to be funneled to urban areas that they say drive the country's economic engine. California Eyes IOUs for Second Time Since Depression: California, the world’s eighth-largest economy, may pay vendors with IOUs for only the second time since the Great Depression, State Finance Director Mike Genest said. In lean times, SoCal residents trade guns for eats: — A program to exchange guns for gifts has brought in a record number of weapons this year as residents hit hard by the economy look under the bed and in closets to find items to trade for groceries.
Tuesday, 9 December 2008
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