Cuts
Report Ranks Alabama Worst in the U.S. for Higher Education Cuts
Alabama has cut per student funding at state colleges and universities more than any state in the U.S. According to a new report from the Center on Budget and Policy Priorities, Alabama cut higher education funding by nearly 36% between 2008 and 2018.
Postal Workers Rally to Oppose Privatization
The White House has proposed privatizing the U.S. Postal Service in a move to cut costs. Postal workers rallied in opposition in cities across the country, including Birmingham.
Banking Woes
It's been a sour housing market of late with rising mortgage defaults and consumer debt. And big banks have been feeling the hurt too. Birmingham's Regions Financial reported second quarter profits are down by more than 50% and cut their dividends by an even higher percentage. Charlotte, N.C.-based Wachovia had losses approaching $9 billion and is cutting more than 6,300 jobs nationwide, including some jobs in Alabama.
