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Day of reckoning on pensions The Little Hoover Commission paints a bleak picture of what’s ahead for state and local governments in California. Editorial Los Angeles Times 2/26/2011 The housing bubble and subsequent Wall Street collapse wreaked havoc on the nation’s retirement savings, as many pension funds and 401(k) plans suffered losses of 30% or […] February 27th, 2011 | Tags: Gov. Jerry Brown, Lincoln Chafee, public sector pensions, Steven Malanga, underfunded pensions | Category: California, Economy, Politicians, Progressives, Rhode Island, Taxes, unfunded liabilities, Unions | Comments are closed
LaborUnionReport RedState 12/23/2010 [See footnote below with regard to the GM/Toyota NUMMI plant in Fremont, California.] Because they’ve done so well with General Motors, Chrysler and Ford, the union known as United Auto Workers (or Union of Ailing Workplaces) wants to help spread some union love to its competitors working in foreign-owned U.S. factories. According […] December 28th, 2010 | Tags: Bob King, Card Check, foreign automakers, Japan, South Korea, Teamsters, underfunded pensions, United Auto Workers, Visalia | Category: Asia, Economy, Europe, Germany, unemployment, Unions | Comments are closed
Matt Cover CNSNews.com 8/18/2010 (CNSNews.com) – The addition of a powerful Senate ally may be what supporters of a new union bailout bill need to get legislation passed that would put the responsibility for funding union pension plans on the shoulders of American taxpayers. That new ally is Senate Majority Whip Dick Durbin (D-Ill.), the […] August 19th, 2010 | Tags: Card Check, Create Job and Save Benefits Act of 2010, multiemployer pension, Pension Benefit Guarantee Corporation (PBGC), Sen. Bob Casey, Sen. Dick Durbin, underfunded pensions | Category: Taxes, Unions | Comments are closed
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