Thursday, November 27, 2008

Retraining Robbers

For what?

"Three states seek funds to retrain Wall St. jobless

The three governors and six US senators from Connecticut, New York, and New Jersey have asked the federal labor secretary for $48.2 million to retrain people who have lost jobs because of the crisis on Wall Street. State officials estimate the tristate region will lose about 160,000 financial sector jobs by the end of 2008 and 82,000 more by the end of 2009. Over the past five months, the overall unemployment rate for the region has increased to 5.8 percent from 4.5 percent, meaning 146,000 fewer jobs. In addition to people employed in financial services, workers at businesses that serve the industry, such as restaurants, are also facing job cuts (AP)."

Are the restaurant workers going to get "retraining" funds?