Archive: May 2009 (Page 2)

• 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]

• Union Disagrees With Newspaper, Demands Writers To Be Fired

  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 […]

• Unintentional Humor

  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 […]

• Combating the Teamster’s Pension Fund Ponzi Scheme on CNBC

  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 […]

• Another One Bites the Dust

  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 […]

• Union Paying Members $100 Each To Attend Rally

  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, […]

• Investors Wary Of Doing Business With Union-Dominated Companies

  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 […]

• UAW’s Infamous Black Lake Golf Resort

  Posted on by J. Justin Wilson

  The Wall Street Journal profiled the UAW’s financial assets, highlighting the  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 […]