Tag Archive | "Ponzi Scheme"

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NRO on EFCA’s Binding Arbitration Provision

NRO on EFCA’s Binding Arbitration Provision

Today’s National Review Online editorial looks at the so-called Employee Free Choice Act’s arbitration provision, which would subject newly unionized companies to having a contract imposed on them by a federally appointed arbitrator.

The worst provision — worse, in fact, than the card-check gambit itself — would allow the National Labor Relations Board to impose contracts on businesses that cannot come to an agreement with a union. If a union enters the picture and the owners of a business are unable…

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Teamsters’ Pension Fund Panic

Teamsters’ Pension Fund Panic

The Teamsters union is threatening a strike that could cripple the Minneapolis Star-Tribune. Reports AP:

The Teamsters union is threatening a strike it says would likely shut down the Star Tribune if the newspaper, which is in bankruptcy protection, is allowed to scrap its contract with unionized drivers.

Teamsters Local 638 filed its opposition Monday to the newspaper’s proposal to reject the contract.

The newspaper wants to pull out of what it calls a “critically unfunded” multi-employer pension plan that was costing it…

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Posted in Economy, LaborComments (2)

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LibertyWeek 32: FCC Don’t Tread on Me

LibertyWeek 32: FCC Don’t Tread on Me

Your hosts Richard Morrison and Cord Blomquist bring you Episode 32 of the LibertyWeek podcast with special guest Sam Kazman and surprise guest co-host Jeremy Lott. We start by looking into the possible future of the Federal Communications Commission with nominee Julius Genachowski about to ascend to the chairmanship, and then take another stroll through the New Great Depression with high-level financial talks between unpopular British Prime Minister Gordon Brown and über-popular President Barack Obama. Oregonian brewers fight a proposed fifteen…

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What’s $50 Billion Among Friends?

What’s $50 Billion Among Friends?

Bernard Madoff defrauded investors out of an unprecedented $50 billion, in a massive Ponzi scheme that was perhaps the vilest swindle of the century.  But a judge has let him await trial in his cushy $7 million Park Avenue home, bought no doubt with the proceeds of fraud.  And that’s even though he failed to meet the conditions originally set for bail.  You can thank U.S. Magistrate Judge Gabriel Gorenstein for this outrage.

Here is a partial list of Madoff’s biggest victims, which included many charities for the needy. …

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Posted in LegalComments (4)

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