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execution watch

Last Build Date: Fri, 06 May 2016 14:11:19 +0000


Comment on The serenading obese female by el nuko

Fri, 06 May 2016 14:11:19 +0000

not any plans for that

Comment on The serenading obese female by markr65

Fri, 06 May 2016 02:08:29 +0000

So does this mean the site will be coming down?

Comment on It’s all in the math by el nuko

Thu, 21 Apr 2016 22:03:07 +0000

For all of the heartache that employees have endured over the years, the pension/retirement hurdle is a big, big deal. Many of the companies changed over to a cash balance plan as they terminated their traditional plans. There was a great amount of controversy about this (I remember the IBM termination), but it looks like those employees are going to be the lucky ones. Even defined contribution plans are in danger as Uncle Sam begins to eye the 6 Trillion dollars in those plans as a source of revenue. We certainly live in interesting times.

Comment on It’s all in the math by markr65

Thu, 21 Apr 2016 17:36:40 +0000

I'm personally familiar with Central States--my dad was a Teamster and that was the only thing allowing him to have a pension (his trucking company went out of business while he was working for them). What's hurting them the most is that the vast majority of traditional freight companies (by traditional I'm excluding UPS and FedEx) once were Teamster unionized but now the majority are non-union and operate their own individual plans (if they offer any at all). PBGC is in enough trouble with all the airlines ditching their plans. If Central States goes belly-up PBGC will probably be insolvent. Which means more bailouts. Which means more FedGov borrowing from the printing press that is the Federal Reserve. At that point there may not be ANY plan that helps anyone. Even a totally private one.

Comment on Execution Watch: Pablo Lucio Vasquez, Texas by el nuko

Thu, 07 Apr 2016 21:17:05 +0000

Justice delayed is justice denied. This time, Justice is served.