New Mexico may be running out of money to pay unemployment benefits, but 25 states are in worse shape, the Washington Post reports. Those state have already run out of unemployment money and have borrowed $24 billion from the federal government to cover the gaps. New Mexico’s fund is shrinking because of a 75 percent rise in unemployment over the past year.
In the meantime, dozens of New Mexico state representatives must balance election-year calculus with fiscal responsibility when next month’s legislative session gets underway. New Mexico faces a huge budgetary shortfall — some estimates put it at $1 billion — at a time when lawmakers from the House are facing re-election next year. But imagine if you were up for re-election at the same time you were staring at a $20 billion budget hole. That’s what California lawmakers are up against, reports the San Jose Mercury News.
Economic conditions are bad pretty much everywhere, including Pennsylvania, which will send 2,000 prisoners out of state to correctional facilities in cash-strapped Michigan and Virginia in February to ease overcrowding in its state prisons, the Philadelphia Inquirer reports.
Meanwhile, federal inspectors are discovering slipshod work at homes targeted for weatherizing, which is intended to cut energy use and utility bills. The discovery comes as the federal government plans to spend $5 billion in the next few years to weatherize homes across the country and underscores the challenges in taking a government program and supersizing it with stimulus cash, the New York Times reports.
Reflecting on the year that’s almost over, here’s a list of the Top 10 stories of 2009 as selected by members of the Associated Press.
And from the tech world, monetizing the real-time web in 2010 will develop as a big trend. Evidence of this comes from One Riot, which just announced the launch of a new advertising product for real-time apps, according to the geeks over at ReadWriteWeb.
Here’s an excerpt:
RiotWise Trending Ads will give OneRiot’s partners a feed of ads related to currently trending topics on the Web. These ads can, for example, be integrated in a user’s stream of updates in Twitter apps or displayed as regular mobile ad units.