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	<title>Charting Stocks &#187; arnold schwarzenegger</title>
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		<title>Schwarzenegger threatens to Layoff 10,000 State Workers</title>
		<link>http://www.chartingstocks.net/2009/02/schwarzenegger-threatens-to-layoff-10000-state-workers/</link>
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		<pubDate>Wed, 11 Feb 2009 23:08:25 +0000</pubDate>
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		<guid isPermaLink="false">http://www.chartingstocks.net/?p=741</guid>
		<description><![CDATA[California Gov. Arnold Schwarzenegger threatened to lay off up to 10,000 state workers if a new budget is not passed this week.
The layoff threat comes as the governor is forcing most state workers to take off two Fridays per month without pay &#8212; the equivalent of an approximately 9% pay cut. The first mandatory day [...]]]></description>
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		<title>California on the Brink: Fiscal Emergency Declared, Deficit Sky Rockets, S&amp;P Downgrade</title>
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		<pubDate>Thu, 11 Dec 2008 21:01:16 +0000</pubDate>
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		<guid isPermaLink="false">http://www.chartingstocks.net/?p=524</guid>
		<description><![CDATA[Gov. Arnold Schwarzenegger has revised his previous estimated budget shortfall of $11.2 billion to $14.8 billion for the fiscal year. California&#8217;s budget deficit now predicted to hit $41.8 billion within 18 months.
Schwarzenegger attributes the deficit to the collapsing economy. Sales throughout the state have plummeted as has both personal and corporate tax revenues. The governor [...]]]></description>
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