Los Angeles: Will the City of the Future Make it There?

By Joel Kotkin
12/12/2013
When I arrived in Los Angeles almost 40 years ago, there was a palpable sense that here, for better or worse, lay the future of America, and even the world. Los Angeles dominated so many areas — film, international trade, fashion, manufacturing, aerospace — that its ascendency seemed assured. Even in terms of the urban...

TAGS: Eric Garcetti, Los Angeles

Detroit’s Emergency Manager Threatens Pension Fund Takeover

By Mike Shedlock
12/11/2013
Detroit’s emergency manager Kevyn Orr says a pension fund takeover is a “right, if not an obligation” after Orr learned of extra, unwarranted pension payments. Please consider Emergency Manager Weighs Pension-Fund Takeover. Kevyn Orr said in a recent interview that at the current pace, the city’s General Services System pension fund could lose its ability to...

TAGS: Detroit bankruptcy, Public sector pensions

Record Corporate Profits vs. New Firm Creation

By Jordan Bruneau
12/10/2013
Corporate Profits Are at a Historic High The economic malaise characterizing the years after the financial crisis has largely bypassed corporate America. Corporate profits are currently at a historic high of 11 percent of GDP (see fig. 1 below). Expert speculation abounds as to the causes and implications of this trend. Many commentators, seeing these...

Union Watch Highlights

By Editor
12/10/2013
Here are links to the top stories available online over the past week reporting on union activity including legislation, financial impact, reform activism, etc., from California and across the USA.  Supreme Court Takes Pass on Union-Organizing Case By Brent Kendall, December 10, 2013, Wall Street Journal The Supreme Court on Tuesday reversed course in a...

Time for Media Muckrakers to Follow Public Sector Union Money and Motives

By Edward Ring
12/10/2013
Back in 2011 a California state legislator told me, off the record, that for years, a secret 7:00 a.m. meeting is held once per week in Sacramento. At this meeting are a handful of top officials representing the major public sector unions active in California. They discuss current legislation, political trends, opposition groups, emerging issues,...

Desperate Hot Springs – Another California city teeters on the edge of bankruptcy

By Steven Greenhut
12/10/2013
In what may be the most embarrassing California-related headline to appear in a while, Reuters announced last month: Tony resort city mulls bankruptcy, blaming wages, pensions. That supposedly “tony” city is Desert Hot Springs, on the northern edge of the Coachella Valley near Palm Springs. Though it’s certainly true that Palm Springs and many of its...

TAGS: Desert Hot Springs, municipal bankruptcy, public employee compensation

Union Blather and Students Matter

By Larry Sand
12/10/2013
National Education Association new “reform” document is free of substance. Apparently threatened by the education reform movement taking hold across the country, the National Education Association has decided to join the party. In concert with six other organizations – including the American Federation of Teachers – the biggest union in the country has released “Excellent...

TAGS: California Teachers Association, Finland, John Fensterwald, Larry Sand, National Education Association, seniority, Students Matter, teachers union, tenure, Vergara v California

Union-funded politicians and activists pursue the American Legislative Exchange Council

By Matthew Vadum
12/09/2013
The American Legislative Exchange Council has long worked to improve government at the state level by limiting it to its proper roles and by preventing unions and other special interest groups from currying political favors. ALEC’s effectiveness may be seen in the fury with which certain senators and left-wing activists are now trying to harass...

TAGS: ALEC, American Legislative Exchange Council

UAW Tries to Impose U.S. Union Model on Volkswagon’s “Worker Councils”

By Dave Bego
12/09/2013
Recent actions by the UAW demonstrate the desperation of the labor bosses to reverse declining membership. From a peak of 1.52 million in 1979, the UAW today represents fewer than 400,000 (see UAW Saw an Opening with Honda’s Arrival). Obviously, the UAW realizes they are in serious trouble, but instead of changing tactics and providing a...