Search Results for: public sector unions

Outrage Grows Over Public Sector Unions – NY Times

We’ve posted how underfunded state and local pensions are going to be a huge economic and political issue in 2011.   Go no further than the New Year’s Day NY Times article, Across the nation, a rising irritation with public … Continue reading

Posted in Muni Bonds, Policy, Politics, Sovereign Risk | Tagged , , , | 5 Comments

Where Are the Labor Unions? The Public Sector….

Excellent chart from the BLS on the union affiliation of U.S. wage and salary workers. We’ve noted the differences between public vs. private sector unions in prior posts.   Here is the WSJ cited in one of those posts, …unlike in … Continue reading

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“Fort Sumter” Opens Fire: Battle for the Public Sector Is On

The battle for the public sector is on.  The Governor of Wisconsin just announced what amounts to be the abolishment of public sector unions in his state.   What an incredible contrast of the health of the private sector x/banks, reflected … Continue reading

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GOP plan: “Push states to bankruptcy and smash unions”

In his Reuters blog,  James Pethokoukis states the biggest political battle in Washington next year will be the Congressional Republicans plan to:  a) avoid a federal bailout of financially troubled states; and b) cripple employee unions by pushing fiscally troubled … Continue reading

Posted in Black Swan Watch, Charts, Muni Market | Tagged , , , , | 1 Comment

Heeee’s Back…Karl, Is That You?

In case you missed it, or don’t read the Drudge Report,  here is the current banner headline: Should we?  Ah, uh, well…we can’t help ourselves:   YOU HEARD IT HERE FIRST! In February 2018, we looked at the data of the political … Continue reading

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The Prairie Fire Ignites

After the defeat of Governor Scott Walker’s recall tonight, we thought we’d post this piece from January 2011.   Big pension reform ballot measures won big in San Jose and San Diego.   This gives us our children hope. Interestingly,  … Continue reading

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Connecting the Dots: The Coming War Between Generations

Almost everyday the newspaper headlines across the country warn of problems with local government budgets centered around public sector employee wages and benefits.  Today one read,  County Pension System Hits Tipping Point.  The other day it was how one city … Continue reading

Posted in Budget Deficit, Currency, Demographics, Dollar, Economics, Employment, State and Local Government | Tagged , , , , | 11 Comments

State and Local Governments, Man Your Battle Stations!

Take a look at the new cover of the Economist. We have been all over the coming “battle royal” between the state and local governments and their public sector unions, but not as much as Mike Shedlock over at the … Continue reading

Posted in Black Swan Watch, Bonds, Budget Deficit, Muni Bonds, Muni Market, Sovereign Risk | Tagged , , , | 1 Comment

Did the Russell 2000 predict the better than expected ADP?

Did you notice the better than expected ADP employment report this morning.  It was the largest monthly jump ever in this report, with most of the jobs created in small and medium sized businesses? Recall we wrote on January 3rd … Continue reading

Posted in Budget Deficit, Currency, Employment, Fiscal Policy, Muni Bonds, News, Policy, Politics | Tagged , , , , | 2 Comments

Betting on a Jobs Recovery, Christie, and Brown….

Like others, we can’t help but notice the massive outperformance of small caps in 2010, with the Russell 2000 doubling the performance of the S&P500. The Russell was up over 25 percent in 2010.  Isn’t this only supposed to happen … Continue reading

Posted in Bonds, Budget Deficit, Economics, Employment, Equities, Fiscal Policy, Muni Bonds, Muni Market, Politics | Tagged , , , | 2 Comments