Tag Archive | "Pension Funds"

America’s public infrastructure spending is “Daft”, guess who says that?

“With the economy weak and borrowing cheap, it is daft that America’s public infrastructure spending is at a 20-year low, even as the country’s roads, bridges and dams are rated D+ by the American Society of Civil Engineers.” A new free-trade lover-turned-liberal superhero? Left-wing irrelevant magazine? Progressive think-tank looking for foundation money? Nope…straight from the mouths of The Economist.

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It’s Time To Mobilize Workers’ Capital

Here’s a riddle: what large entity has the theoretical access to deploy a few trillion dollars, quickly, if given the chance? If you answered the Chinese or US governments, thank you for playing and please try again another time. The answer: labor unions.

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And What Do The People Get For This?

   On the face of it, it’s a good thing when the labor movement leverages the trillions of dollars–yes, that’s TRILLIONS–that sit in pension funds. It’s been a topic of debate for a long time. The question is: what do we get? Here is the example, via The Wall Street Journal: New York Gov. Andrew […]

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Citi Big Fish Skate, Leave Minnows and Workers Holding The Bag

   Pardon me while I yawn. The measly fine that Citigroup is paying to settle civil complaints charging that the bank defrauded investors is really something else: it’s a stay-out-of-jail, keep-your-reputation card for Robert Rubin and a lot of other senior Citi officials, past and present. Instead, this deal–as was true with the miniscule fines […]

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