Unions Underfunding Their Own Members’ Pensions, Study Says
A few days ago I posted a story on a recent article in the New York Sun by Diana Furchtgott-Roth, Senior Fellow at The Hudson Institute, that focused on how the Service Employees International Union (SEIU) had not fully funded the pension plan of their rank and file members while they had over funded the pension plan of the Union’s chief officers. Well, today at | Read More »
The Energy Crisis:
This is a true story. It just hasn’t happened yet.
Binding Arbitration = Financial Collapse of Business Sector
We are reminded here on the blog that there is one aspect of the lie that is the Employee Free Choice Act bill that isn’t much discussed. That is the binding arbitration feature of this business/economy killing legislation. Besides the card check aspect where a union can dispense with the ages old democratic system of the secret ballot when employees are voting as to whether | Read More »
Daniel Mitchell Is A Generous And Good-Hearted Soul
He reads E.J. Dionne so that other people won’t have to.
SEIU Ripping Off It’s OWN Pensioners
It must be nice to be spending 85 million dollars on political campaigns yet refuse to fully fund your own member’s pension plan. That, among other things, is exactly the sort of hypocrisy that it was revealed that the SEIU has been caught indulging in this week. Diana Furchtgott-Roth did yeoman’s work in detailing the state of the SEIU’s underfunded pension obligations in the New | Read More »
If It’s Sunday Evening in New York, It’s Monday Morning in Tokyo
Update: 9:40am EDT, 14Jul08: Overseas markets reacted well to the Paulson “we have a plan” statement. Asian markets ended lower on regional concerns while Euro markets are somewhat higher. The US stock market has opened up over 100 points, while the US Treasury market is only slightly lower. FNM and FRE stock were both up about 20% in pre-market trading, while their bonds, swaps, and | Read More »
A Much Desired Development
I’m with Greg Mankiw: It really would be a wonderful thing if Presidential candidates pandered to economists.
Obama Tells Us What He Won’t Do
From an AP wire story, we hear that Senator Obama believes the US economy is in recession. If you’re in business or you follow business, your response is likely to be “No [excrement], Sherlock.” What frustrates me no end, however, are statements like these, which are being spun as His Highness’ “most definitive” statements yet on the economy: “I have little doubt that we’ve moved | Read More »
Corrupt Dodd/Frank Passes the Senate…The Media Yawns
What if a I told you a story about a corrupt politician that was bought off by multiple corrupt banks in order to procure a quid pro quo that was presented as a life saver to struggling homeowners but was in fact a payback in order to turn a merger into a financial boon. Furthermore, what if I told you that this corrupt politician was | Read More »