Mike “Mish” Shedlock is an American investment advisor and financial commentator. He operates the blog MishTalk.com, offering economic trend analysis. Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management, an asset management firm whose goal is strong performance and low volatility, regardless of market direction. He is also a contributing “professor” on Minyanville, a community site focused on economic and financial education.
Congratulation go to South Carolina Governor Nikki Haley who made comments about South Carolina being a right-to-work state, and in the process essentially told unions to go to hell. She was a bit more polite than that, but not by much. Please consider Union sues over Haley’s remarks about Boeing plant South Carolina Gov. Nikki...
Governor Brown has a budget shortfall of $28 billion. He seeks to get $12.5 billion from spending cuts. That is 44.6% of what needs to be done. Please consider California’s Brown Unveils $12.5 Billion in Spending Reductions California Governor Jerry Brown’s budget will cut spending by $12.5 billion, including as much as a 10 percent...
Here is a story of a laid-off firefighter blaming the wrong thing for his woes. Meet Jason Pickering begging for money. “We took an oath to save people’s lives … and the city just threw us to the curb,” Jason Pickering told WGN-TV. The 34-year-old Pickering, a 10-year department veteran and one of 34 Gary...
Please watch this CBS 60 Minutes interview on the crisis that states face. I have been talking about this for several years while most bloggers and nearly all of mainstream media have ignored the story. It is no longer possible to ignore the story. State Budgets: Day of Reckoning – CBS 60 Minutes Unlike the...
Cincinnati, like every union-plagued city in the country is having huge budget problems over untenable union wages and pension benefits. Big problems call for big actions. I am pleased to report that several thinking members on the Cincinnati City Council proposed to outsource the entire police department to the local sheriff’s association. Unfortunately, the mayor...
California’s “Fantasy Land” budget finally comes to light of day. Jerry Brown said “We’ve been living in fantasy land. I’m shocked. The mess is much worse than I thought.” In turn, educators and unions were shocked by Jerry Brown’s and state treasurer Bill Lockyer’s statements “cuts are coming”. Brown promised more cuts but no tax...
Anyone thinking clearly knows full well public unions are blatant liars when they request more money for schools under the pretense “It’s for the kids”. Well it’s NOT for the kids and CSEA moves to the top of the list in proving it. If it was “all about the kids” we would not see articles...
A few days ago I noted Hamtramck, Michigan Seeks Bankruptcy. That Hamtramck is clearly bankrupt, unable to bay bills, saddled with unions salaries, pension promises that cannot be met, as well as other problems it desperately needs to get rid of without burdening taxpayers even more, is of no concern to the current governor of...
a new form will got here