On May 2, Jason Grotto of the Chicago Tribune penned his two-year experience in ferreting out how former Mayor Richard M. Daley and his friends were able to milk the city’s pension system for millions and hide it from public view for 20 years.
General Motors' CEO Dan Akerson supports increasingly closer ties with the Chinese tyrants, explaining that it's good for business. "By Bob Adelmann"
The bankruptcy trustee in charge of liquidating MF Global issued a report today that there "may be valid claims" against CEO Jon Corzine.
Last Friday the City Council of North Las Vegas, Nevada’s fourth largest city just north and east of Las Vegas, voted unanimously to suspend part of its union agreement in order to balance its budget. With property tax and general tax revenues down by more than 30 percent in just the last three years, North Las Vegas was facing a shortfall of $30 million in its $500 million budget.
Under state law it must submit a balanced budget by June 1. Negotiations with three public employee unions, the North Las Vegas Police Officers Association (POA), the North Las Vegas Police Supervisors Association (PSA), and the International Association of Firefighters (IAFF), began in January but the unions refused to make the concessions necessary to keep the city solvent.
The English language is insufficiently stocked with words to express adequately here the degree of evil involved in the fraud, deceit, and deliberate murder of hundreds of thousands of people that the movie U.N. Me exposes. It’s almost like lifting a rug and finding whole colonies of cockroaches nesting there.
On Wednesday the Marquette Law School poll showed Wisconsin Governor Scott Walker with a comfortable lead over his rival, former Milwaukee mayor Tom Barrett, in next week’s recall election, 52 percent to 45 percent. This was an improvement from their poll taken two weeks earlier when Walker held a six-point lead over Barrett. It was also confirmed by a poll taken May 23 by We Ask America that showed Walker leading Barrett 54 percent to 42 percent. More telling perhaps was the Intrade site that measures voter sentiment which showed Walker on Thursday with a 94.5 percent chance of winning the recall election.
With Walker’s anticipated vanquishing of Barrett and his union backers on Tuesday, the unions will suffer a humiliating defeat and a major setback in their attempt to maintain their enforced extraction of privileges from Wisconsin’s beleaguered taxpayers. This could also be a harbinger for the national election.
On Wednesday, Rep. David Rivera (R-Fla.) introduced his bill, “Studying Towards Adjusted Status Act” or the STARS Act, in an effort to break the logjam over immigration reform and provide a path to US citizenship for children of illegal immigrants.The STARS Act is a limited version of the hotly contested DREAM Act.
The latest report from the nonpartisan Center for Retirement Research (CRR) at Boston College was brutal in its assessment of the status of state and local pension plans and their ability to keep their promises to their beneficiaries and retirees. With public pension funds underfunded by half, those states, cities and municipalities — and their taxpayers — would have to double their contributions to those plans just to have any chance of them avoiding default on their promises to those depending on them for their retirement.
Despite an increasingly noisy chorus of resistance to many of its provisions, the Cyber Intelligence Sharing and Protection Act (CISPA) passed the House, 248-168, on April 26. Passage in the House was assured with more than 70 percent of those supported by the Tea Party voting for it. It moved to an uncertain future in the Senate.
The opposition noted that the bill’s many flaws included precious little “protection” for rights guaranteed in the Bill of Rights, especially those guaranteed by the Fourth Amendment.
Upon receipt of verification from Hawaii that President Obama was born there, Arizona Secretary of State Ken Bennett said that it satisfies his state’s requirement for placing the President’s name on the ballot for the November election.