08 May 2009
Page 1
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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 08, 2009
Page
1
The Kansas House passed a bipartisan plan to trim the state budget by 2.75 percent across the board in a 64 to 60 vote. Democrats and moderate Republicans face pressure from GOP leaders seeking deeper cuts and disability advocates warning of severe impacts, though Gov. Mark Parkinson praised the approach as a balanced response in tough times.
The president proposes trimming or ending 121 federal programs as part of a broader budget strategy. The cuts are small relative to the substantial increases in overall spending he seeks, signaling a selective approach within a larger fiscal agenda.
Nancy O Connor from The Community Mercantile Co op poured four and a half cups of sugar to illustrate daily intake during a Schwegler School wellness presentation. Sixth graders Elyse Boxberger and Kyle Berkley reacted by pledging healthier choices and more exercise.
City commissioners debate a 5 percent departmental cut for 2010 affecting evening hours at the Lawrence Public Library while Parks and Recreation warn of fewer gym and ballfield spaces. Day Two of budget talks features red flags yet optimism that public services will suffer little if any cuts. Commissioner Aron notes confidence in a balanced plan despite concerns.
The Fed found 10 of 19 large banks require about 75 billion in extra capital to withstand deeper losses, signaling a vulnerable but viable system. Bank of America leads with 33.9 billion. Wells Fargo 13.7. GMAC 11.5. Citigroup 5.5. Morgan Stanley 1.8. Regions 2.5. SunTrust 2.2. KeyCorp 1.8. Fifth Third 1.1. PNC 0.6 billion.
The graduation season kicks off with a ceremony at Haskell Indian Nations University this Saturday. The event marks the start of ceremonies across campuses as graduates prepare to receive degrees and celebrate milestones with families and friends.
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