According to CNN: “California Gov. Arnold Schwarzenegger on Monday declared a fiscal emergency, calling for fast legislative action to alleviate the state’s $11.2 billion shortfall in revenue.
“Without immediate action our state is headed for a fiscal disaster and that is why with more than two dozen new legislators sworn in today – I am wasting no time in calling a fiscal emergency special session,” Schwarzenegger said in a news release.”
LayoffBlog.com 
[…] corporate lay offs right here in our backyard (SD SF), government deficits are resulting in lay offs in CA, and did you know Mervyn’s is closing its […]
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