BEWARE THE SUCKERS' RALLY: Sorry kiddie...no way you can sustain yesterday's Wall Street 416 point rally when oil just passed $110 per barrel. (The sixth straight day of record oil prices.) Inflation will be a major problem. Be careful out there bull traders. Dow Jones closed down 47 points to 12109.
Mayor Villaraigosa Makes Plans For Layoffs
from CBS 2
Los Angeles Mayor Antonio Villaraigosa is making plans to lay off city workers to help close a looming budget gap. The mayor's office said Wednesday that the layoffs are expected to come after July 1. The mayor's office did not say how many of the city's approximately 40,000 workers would be cut loose to help close a spending hole as big as $500 million.
And here's all the news the news thats fit to link:
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