Former Enron Trader Funding PBS Series On Pensions

By: Wednesday February 12, 2014 11:08 am

Ask why. Like why is a former Enron trader covertly funding a public television series on pension systems? According to David Sirota over at Pando Daily, billionaire and Enron alum John Arnold has financed a new two-year news series entitled “Pension Peril.” A program that, not surprisingly, pushes an agenda that companies like Enron would [...]

After Record Year Boeing Forces Workers To Kill Pensions

By: Thursday January 9, 2014 7:24 am

Boeing delivered a record number of jetliners in 2013. The large amount of orders is likely to keep Boeing as the number 1 airline manufacturer, outpacing its longtime European rival Airbus though both firms are said to be in a boom time as air travel to Asia and Latin America picks up. Boeing is what [...]

Greece Attempts to Pass Another Round of Austerity

By: Thursday October 25, 2012 7:45 am

The Finance Minister for Greece, Yannis Stournaras, claims that the country will be given more time by its international creditors to reach deficit targets, smoothing out the level of austerity required in the near term. But he might want to tell his international creditors about it. Greece had been asking for two more years to [...]

Social Security a Far Better Deal for Workers Than Modern Retirement Plans

By: Wednesday October 24, 2012 10:04 am

is brief set of calculations from the Wall Street Journal’s Ellen Schultz shows simply how much of a raw deal American workers have been getting from defined-contribution retirement plans. It is impossible for them to generate the rate of return of a defined benefit plan, just completely impossible.

Romney Profited From Auto Bailout

By: Thursday October 18, 2012 8:30 am

Greg Palast has a new story out about Mitt Romney’s profit from Delphi Automotive, an auto parts subsidiary of GM, during the auto rescue. No bailout of GM—or Chrysler, for that matter—could have been successful without saving Delphi. So, in addition to making massive loans to automakers in 2009, the federal government sent, directly or [...]

The Other Big Labor Dispute: The NFL Referees Lockout

By: Tuesday September 18, 2012 1:56 pm

As we wait for the outcome of the most high-profile labor dispute currently happening in America, the Chicago Teachers Union strike, I want to call attention to the other big labor action out there. National Football League referees have been locked out of the job since the beginning of the year. Four weeks of preseason [...]

Responding to Comments on the Future of the Postal Service

By: Friday August 3, 2012 8:55 am

My article about the postal service got an unusually robust amount of play among the blogosphere, so I thought I’d respond to some of the comments. First of all, I think there’s wide agreement on the left that the postal service doesn’t actually have a funding problem at the current time. This recent default stems [...]

Congress Abandons Key Bills, a Mark of Its Historic Dysfunction

By: Tuesday July 24, 2012 6:23 am

It’s the time of the (election) season where Congress does everything it can to delay contentious issues until after November. So it is with two particular measures they’d rather not deal with at this time. Senate-passed bills to cut farm subsidies and food stamps and overhaul the financially teetering Postal Service have been put on [...]

Congress Passes Student Loan/Transportation Package

By: Friday June 29, 2012 12:58 pm

Congress has quickly passed a series of bills, consolidated into one package, that freezes federal student loan interest rates at 3.4% for one year, and extends surface transportation funding for two years. The package also reauthorizes the federal flood insurance program for five years. Congress was clearly eager to get out of town for the [...]

In Bipartisan Deal, Congress to Package Student Loan, Transportation, Flood Insurance Bills

By: Thursday June 28, 2012 6:15 am

As we await the Supreme Court ruling on health care, two of the other major stories of the week have reached a conclusion. Congress has reached agreement on a compromise package that will avert three separate deadlines and deliver some of the more robust lawmaking of the entire year to date. The first bill averts [...]

Congress Nearing Compromise on Student Loan, Highway Bills, But Not There Yet

By: Wednesday June 27, 2012 8:59 am

House Speaker John Boehner assured reporters today that bipartisan deals are near on two pieces of legislation that must be passed before expiration on Saturday. The two bills, one to prevent the federal student loan interest rate from doubling, and the other to extend surface transportation funding for two years, have been tied up in [...]

Follow FDL News Desk
TODAY’S TOP POSTS
Advertisement

Close