EFCA 101
Posted on May 22, 2009 by J. Justin Wilson
Here’s a great video explaining EFCA in under 4 minutes. [youtube]http://www.youtube.com/watch?v=ZWWWy4ItRoM[/youtube]
Posted on May 22, 2009 by J. Justin Wilson
Here’s a great video explaining EFCA in under 4 minutes. [youtube]http://www.youtube.com/watch?v=ZWWWy4ItRoM[/youtube]
Posted on by J. Justin Wilson
In a brazen but not all too shocking move, the union for Los Angeles police officers is demanding the owner of the San Diego Union-Tribune to “change the paper’s editorial stance on labor issues or to fire its editorial writers.” To provide some context, the police officers’ pension fund invests with Platinum Equity, a private […]
Posted on by J. Justin Wilson
This is almost as funny as the Onion News Networks Onion-SPAN segments. [youtube]http://www.youtube.com/watch?v=-_-ez22DpVU[/youtube] Here’s the list of “Heavy Hitters” from OpenSecrets.org: AT&T Inc $40,838,395 American Fedn of State, County & Municipal Employees $40,690,630 National Assn of Realtors $34,635,003 Goldman Sachs $30,878,682 American Assn for Justice $30,103,429 Intl Brotherhood of Electrical Workers $29,684,341 National Education Assn […]
Posted on by J. Justin Wilson
Earlier this month YRC–the conglomerate of Roadway and Yellow trucking companies–requested TARP funds to pay off a portion of its Teamsters pension debt. The problem, YRC’s CEO explained, is that only half of YRC pension liability is going towards former YRC employees. The remaining $1 billion is subsidizing their now-banktupt competitors’ retirees. A few years […]
Posted on by J. Justin Wilson
A federal judge in Manhattan sentenced Brian M. McLaughlin, the former president of the New York City Central Labor Council, to 10 years in prison for racketeering charges. McLaughlin, who had also been an state assemblyman from Queens, pleaded guilty in 2008 to racketeering charges that included embezzlement, fraud, and bribery. The former labor leader/assemblyman […]
Posted on by J. Justin Wilson
No, we’re not making this up. The union representing state prison guards – the New York State Correctional Officers & Police Benevolent Association – is paying $100 to every member who attends a rally at the state Capitol in Albany. In an internal memo obtained by the Daily News, the union’s treasurer John Telisky wrote, […]
Posted on by J. Justin Wilson
Prominent fund managers across the country are wary of future lending to union-dominated companies after their last bout with the Obama administration, UAW, and Chrysler. President Obama put Chrysler under bankruptcy protection after lenders objected to the proposal requiring them to take 29 cents on the dollar for the $6.9 billion in debt that they […]
Posted on by J. Justin Wilson
The Wall Street Journal profiled the UAW’s financial assets, highlighting theĀ union’s $33 million luxury golf resort. The UAW, which is the wealthiest union in the nation, had $1.2 billion in assets. Some of the noteworthy items: $700 million in U.S. Treasury securities, $321 million in investments, $100 million in fixed assets, which includes a […]