Monday, February 24, 2014

The Bottom 5 States in Fiscal Condition, New Jersey, Connecticut, Illinois, Massachusetts, California

Mish's Global Economic Trend Analysis: Bottom 5 States in Fiscal Condition: New Jersey, Connecticut, Illinois, Massachusetts, California: "In terms of long-term solvency (the most critical issue), New Jersey and Illinois are at the bottom of the heap. Pension plans and union activism are to blame. All five states at the bottom of the list have one thing in common: they got that way via "progressive" extreme-liberal politics, fueled by union activism, and promises that cannot possibly be met." (read more at link above)


Monday, February 17, 2014

Highland Park Michigan, Bankruptcy, Public Union Pensions

Mish's Global Economic Trend Analysis: Highland Park Michigan Skids Towards Bankruptcy, Public Union Pensions to Blame as Usual; Fifth Third Bank and Highland Park in Pension Funding Lawsuit: "...There is no question regarding the bankruptcy of Highland Park. The only open issue is when the city files. Those running the city ought to understand that and do what's right for taxpayers. The sooner the better. How many more "winning propositions" can residents take? Since city officials are resisting bankruptcy, one can only suspect they are out to protect their own pensions." (read more at link above)


Monday, February 10, 2014

Police, Firefighters, Disability Scams

Mish's Global Economic Trend Analysis: 102 Police and Firefighters Caught in Disability Scam: " . . . At best the union will choose not to respond. More likely, the union will protest the arrests when the story dies down, just as unions protect child molesters in LA and New York.
See the LA Times article L.A. Unified pays teachers not to teach.
Also consider Student exodus in Michigan school district where teachers defended child molester.
Please check out the above link, it's really quite amazing."
(Read more at links above)


Monday, February 3, 2014

Civil Forfeiture Abuse

Unlawful taking has been legalized in the US --

Sarah Stillman: The Use and Abuse of Civil Forfeiture : The New Yorker: "... One result is the rise of improbable case names such as United States v. One Pearl Necklace and United States v. Approximately 64,695 Pounds of Shark Fins. (Jennifer Boatright and Ron Henderson’s forfeiture was slugged State of Texas v. $6,037.) “The protections our Constitution usually affords are out the window,” Louis Rulli, a clinical law professor at the University of Pennsylvania and a leading forfeiture expert, observes. A piece of property does not share the rights of a person. There’s no right to an attorney and, in most states, no presumption of innocence. Owners who wish to contest often find that the cost of hiring a lawyer far exceeds the value of their seized goods. Washington, D.C., charges up to twenty-five hundred dollars simply for the right to challenge a police seizure in court, which can take months or even years to resolve..." (read more at the link above)