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Today's Teamster News 02.08.13

US citizens braced for austerity impact  Financial Times   ...The Pentagon has said that 800,000 civilian employees would see their hours cut by 20 per cent for the rest of the year and 46,000 temporary workers would be laid off. Other agencies would also see deep cuts in staff. There are estimates of a 25 per cent drop in border patrol agents, 600 fewer food safety inspectors at slaughterhouses and meat processing plants, and 1,200 fewer air traffic control operators...

Ireland: A scary example of what fiscal austerity does to a country

A frightening portrait of Ireland after the government decided to tighten its belt, from Liz Alderman in The New York Times.

...the once thriving nation is struggling, with no sign of a rapid turnaround in sight.

Nearly two years ago, an economic collapse forced Ireland to cut public spending and raise taxes, the type of austerity measures that financial markets are now pressing on most advanced industrial nations.

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