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NEWS
October 28, 1987 | United Press International
Mayor Edward I. Koch imposed a 90-day hiring freeze on the city Tuesday and announced a series of emergency measures intended to guard against possible revenue losses caused by Wall Street's stock crisis. Koch, in a City Hall news conference, said that the city would indefinitely delay the hiring of 5,200 municipal employees--a step expected to save the city $14.5 million by Feb. 1.
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NEWS
October 28, 1987 | United Press International
Mayor Edward I. Koch imposed a 90-day hiring freeze on the city Tuesday and announced a series of emergency measures intended to guard against possible revenue losses caused by Wall Street's stock crisis. Koch, in a City Hall news conference, said that the city would indefinitely delay the hiring of 5,200 municipal employees--a step expected to save the city $14.5 million by Feb. 1.
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BUSINESS
February 23, 2010 | By Nathaniel Popper
Bonuses at Wall Street firms jumped 17% last year, showing how quickly the industry had rebounded from the financial crisis, New York state's top economic office reported Tuesday. Although investment banks have responded to public anger over compensation by reducing the pay of some high-profile executives, the new figures suggest that, for other employees, bonuses are rising. At three leading firms -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. -- compensation in 2009 rose 31% from 2008, averaging $340,000 per employee, the state comptroller's office said.
BUSINESS
November 6, 1987 | JOHN TIGHE, Times Staff Writer
A national recession that will depress Orange County's economy appears inevitable, a panel of Southern California economic authorities agreed Thursday, but the timing of its arrival and the extent of its impact are uncertain. A newly issued report by the Center for Economic Research at Chapman College, meanwhile, predicts that employment growth, the principal measure of Orange County's economic activity, will drop sharply in the first half of 1988.
OPINION
June 12, 1994 | David Friedman, David Friedman, director of the New Economy Project, writes frequently on regional and technology issues
While the New York media have relentlessly trumpeted California's demise, the Northeast is the last place that should celebrate California's economic difficulties. Starting from virtually the same non-farm employment base, New York City-area job losses during the recession exceeded those in all Los Angeles County by more than 53,000. And Los Angeles County itself accounted for 75% of California's total job losses.
CALIFORNIA | LOCAL
March 3, 2006 | Lee Romney, Times Staff Writer
For years, Dorsey Nunn informally compiled the grievances of other former prisoners denied housing, frozen out of job interviews or abruptly fired years after they had done their time. But when his wife, also formerly incarcerated, was rejected no-questions-asked as a volunteer in one of this crime-pocked city's neediest elementary schools, he decided he'd had enough. How, Nunn asked, could he and millions of other felons contribute to society if society no longer wanted them?
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