How pension costs clobbered one California city
"When Santa Cruz, a picturesque and funky coastal city, first started to feel the pinch of rising retirement costs for city workers, it took several steps to limit the fiscal pain.
As recommended by the League of Cities and other authorities, Santa Cruz issued a bond to pay down its rising pension liabilities, set aside funds to cover increasing demands from the California Public Employees Retirement System (CalPERS), shifted some employees into lower-benefit pension plans and made sure that its workers paid significant portions of pension costs."
Instead of requiring all of the employees take the same hit, the young take a very large hit, and the old take no hit at all. The problem is the old created the situation by failing to fund their pensions sufficiently, and now the young will pay to fund the oldsters' pensions and receive much lower pension payments themselves. The young take a double hit; the old get a plump retirement. How cool is that?
No CEO should earn 1,000 times more than a regular employee | Sarah Anderson
This is the reality in all areas of human endeavor where creativity and productivity intersect. CEOs earn 1,000 times as much as their average employee. In a business with 100,000 employees, only 316 of those will produce one half of all of the creative value. The same applies to artists, if one takes 100,000 artists, 316 of those will produce one half of the art. If those 316 artists create 100,000 pieces of art over their lifetimes, 316 of those artistic works will receive half of all views and will represent one half of the total value.
MSNBC's Stephanie Ruhle apologizes after mocking Larry Kudlow's faith in 'God's will'
Reality is they are paternalistic, authoritarian nitwits who will believe anything no matter how silly. Go ahead and mock Steph, no one cares what you think.
Ruling Climate Fanatics Obliterated in Aussie State Election
The cattle have been willing to suffer under the fools for an awfully long time. What happened to the Aussies to make them so meekly compliant?
McCabe statement suggests Comey lied to Congress
The left calls these people "Choirboys" but they are anything but. Choirboys don't lie, leak confidential information to the public and participate in soft coups to damage the President's ability to govern. We are gonna need a bigger prison!
How deep does this go Mr. Comey?
New Texts Reveal FBI's Peter Strzok Had Relationship With Recused Judge In Flynn Case
Now I know, the sleaze, in this case, is unbelievable. It is not clear how deep this corruption goes but so far it is shocking.
Brennan, Holder, Comey Rage After McCabe Fired; Veiled Threats And Temper Tantrums Fly
Lock them up! Lock them up! Lock them up!
McCabe Gave Interview, Handed Over Trump Memos To Mueller
"Axios' source reveals that the memos include corroboration by McCabe of Comey's account of his firing by Trump, as well as an account of at least one in-person meeting with Trump, which however considering McCabe was fired for perjury - among other things - may not carry quite as much weight."
Mueller should put zero weight on these memos, but he will likely do the opposite. Liars lie, cheaters cheat the world goes round, but no sensible person takes such people at their word. In small communities like the FBI and my litigation practice area, one quickly learns that reputations are extremely valuable, hard to build, and quickly destroyed. Anyone in these areas knows never to do anything which would mark or slight one's reputation. McCabe didn't follow this maxim, and he will now pay the price.
Mueller seems to be playing a game in an attempt to erode confidence in Trump by toddling off on wild goose chases which net charges unrelated to Trump or collusion but make it seem that Mueller is making headway. He seems to be playing another game as well which is an attempt to smokescreen the area, so the FBI and DOJ appear to be less corrupt than they were.
I doubt the IG will be confused. I expect his report will be eye-opening.
Silicon Valley’s Favorite Prison Reformer Accused of Sexual Assault and Harassment
Our betters in action.