Michigan Governor Snyder Vetoes Concealed Carry in Public Schools Bill

By: Tuesday December 18, 2012 1:40 pm

Embattled Michigan Governor Rick Snyder vetoed ill-timed legislation that would have allowed experienced gun owners to carry concealed weapons in public schools. This is among the first tangible impacts of the mass shooting at Sandy Hook Elementary School in Newtown, Connecticut. The bill was delivered to Snyder’s desk early Tuesday afternoon and he vetoed it [...]

Cory Booker’s Slip Reveals Role of Private Equity in Local Government Funding

By: Monday May 21, 2012 10:25 am

Against my better judgment I’m going to weigh in on this Cory Booker story. As you probably know, Booker appeared on Meet the Press yesterday and pronounced himself “nauseated” by the Obama campaign’s attacks on Mitt Romney’s record with the private equity firm Bain Capital. In a follow-up YouTube that looked like the kind of [...]

Pension Funds Win Major Victory in Ongoing BofA Mortgage Backed Securities Lawsuit

By: Wednesday April 4, 2012 6:56 am

We’ve been following the Bank of America/Bank of New York Mellon settlement with investors on mortgage-backed securities deficiencies, and it appeared the banks were getting the upper hand. They had the venue moved to a friendly state judge, and some of the objections to the settlement from outside investors were struck down. But that all [...]

Postal Service Wants to Eliminate 120,000 Jobs

By: Friday August 12, 2011 8:10 am

Because we don’t have enough economic troubles right now, the US Postal Service announced that they may cut 120,000 jobs and pull completely out of the federal health care plan, in an effort to cover a budget shortfall. The layoffs would be achieved in part by breaking labor agreements, a proposal that drew swift fire [...]

Court Cases Chipping Away at Public Employee Benefit Contracts

By: Friday July 1, 2011 11:42 am

The New York Times reports on a major change that could impact holders of public pensions, a kind of opening of the floodgates for those who want to slash the benefits that public employees earned throughout their lifetimes. Judges in Colorado and Minnesota have dismissed court challenges by retired public workers whose pensions had been [...]

Pension Funds Sue Wells Fargo for Lying to Investors

By: Friday June 24, 2011 6:55 am

Banks and government regulators met again yesterday in the ongoing foreclosure fraud settlement negotiations, and the Financial Times reports that both sides are close to a deal that would emerge over the next 3-5 weeks. FT says it would cost “the five biggest mortgage companies more than $1bn each, based on their share of the [...]

US Reaches Debt Limit; Treasury Maneuvers

By: Monday May 16, 2011 7:35 am

Happy Debt Limit Day! The US government has officially reached the ceiling for the amount of debt it can float, $14.294 trillion. This does not yet mean that the government can no longer borrow money or fund operations, at least not yet. Tax dollars flow into the Treasury on a regular basis and can be [...]

Judge Halts Implementation of Anti-Union Law in Wisconsin

By: Friday March 18, 2011 9:10 am

According to news reporter Jessica Arp, a Dane County judge in Wisconsin has halted the implementation of Gov. Scott Walker’s anti-union law. Judge Maryann Sumi said that the prosecution was likely to succeed on their claim that the conference committee for the bill, which stripped collective bargaining from most state workers, violated open meeting requirements. [...]

Republican Governors Using Same Strategies for Budgets: Harming the Poor, Rewarding the Rich

By: Wednesday March 2, 2011 8:15 am

The best thing about this PCCC ad is how the one protester says that “these issues are not unique to the state of Wisconsin, these are national issues. Money is being taken away from workers, and tax breaks given to major corporations.” That’s certainly true. Wisconsin is a bellweather, but in no way unique. You’re [...]

401(k) Savings Coming Up Woefully Short for Retirees

By: Monday February 21, 2011 1:10 pm

One of the major side issues in the Wisconsin public employees fight is the role of public pension obligations. It’s not really the main issue, since Wisconsin labor officials have agreed to all of the pension concessions which Governor Walker has sought. The idea here is that state workers don’t “deserve” these generous pensions, and [...]

Wisconsin Budget 101: The Numbers and the Stakes in the Public Employee Bill

By: Sunday February 20, 2011 1:39 pm

Wisconsin Budget Repair Bill Protest from Matt Wisniewski on Vimeo. There’s been a lot of confusion about the Wisconsin budget picture and how it plays into this assault on collective bargaining rights for public employees, so it’s worth taking a look at the full picture to get the best sense of what’s happening and why. [...]

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