Tag Archives: AFSCME

Unions Dying In Wisconsin!

By Dr. Kevin "Coach" Collins

Ford Racing Aluminum Driveshaft

There is some very good news from Wisconsin. Republican Governor Scott Walker is winning his war with the state’s public employee unions.

When Walker stepped into the political ring to battle his state’s powerful government workers’ unions, no one gave him much chance of surviving, let alone winning.  Walker’s efforts have been startling. He has succeeded beyond what anyone could have foreseen.

Wisconsin’s American Federation of State, County, and Municipal Employees (AFSCME), Council 40, has seen its members steadily jump over its plantation walls since Walker, backed by a thin but courageous Republican majority in the state’s legislature, voted to give workers the right to opt out of union membership.

When the law took effect, 31,730 union members were imprisoned in AFSCME’s clutches. They were being extorted for dues, which kept union thugs in a comfortable life style. At first, the newly freed slaves were a bit hesitant to run away even with the gates wide open; so only about 2,000 opted out.

Those was the “good old days” for the union because at the end of last year, its rolls had fallen to just 20,488. Since the first day of Walker’s law, 11,242 union victims have chosen to stop paying their extortionists.

Happily, this is nowhere near the best news from Wisconsin. A Wall Street Journal study confirmed that AFSCME’s  statewide Badger State membership has fallen by an eye popping 34,073  in just two years. More than 46 % of AFSCME’s slaves have run off, taking their union dues with them!

Not surprisingly, Council 40’s expenditures have not been posted since February 2011 when it lost its fight with Walker and its members were freed of their chains. In true Marxist style, Council 40 has not bothered to update its official membership count either and still lists the same 29,777 members it had at the end of 2011.

What else can we expect? With rare exception, unions are run by either the Mafia or devout Marxists. Both lie and hide their true intentions. This union is no different except that it is melting away.  They can lie and deny, but they can’t change the truth.

From: http://www.westernjournalism.com/unions-dying-in-wisconsin/

Should Jamie Dimon Say Goodbye to His Role As Chairman?

By John Grgurich, The Motley Fool

Filed under:

A group of powerful investors is calling for the head of JPMorgan Chase CEO Jamie Dimon. Well, at least one of his heads. The coalition wants to split the duties of CEO and Chairman, both of which Dimon currently performs.

At this point, it doesn’t look like it’s going to happen, though it’s time to consider the idea.

AFSCME asks again
The coalition includes the AFSCME Employees Pension Plan, the Connecticut Retirement Plans and Trust Funds, Hermes Equity Ownership Services, and the NYC Pension Funds. Together these groups hold $820 million in JPMorgan shares.

According to the group’s press release, the filing to name an independent board chairman “reflects mounting investor concerns with the board’s oversight in the wake of the London Whale losses, recent regulatory sanctions, and its failure to fully demonstrate that it can manage the size and complexity of its balance sheet.”

A similar proposal, filed by the AFSCME Employees Pension Plan last year and voted on by shareholders, garnered a 40% approval rating. JPMorgan shareholders will have the chance to vote on this new proposal in May.

Foolish bottom line
This shareholder proposal couldn’t have come at a worse time for Dimon. JPMorgan has had the bad week of bad weeks.

The good news for Dimon is, the board will likely back him in his current dual-role job structures. But this good news for Dimon is also bad news for shareholders, and potentially the taxpaying public at large.

With trillions of dollars in assets, JPMorgan is a beast for any one person to stay reliably on top of, and Jamie Dimon isn’t just any old CEO. In this Fool’s opinion, he’s the best risk manager in the business.

His obsessive fear of risk is exactly what kept JPMorgan away from the worst excesses of the housing boom, and even allowed the superbank to scoop up Bear Stearns as it was failing back in 2008: a boon not just for the bank but also for the country, as a bankrupt Bear might have touched off the financial crash months sooner.

The London Whale incident, while never a threat to the solvency of the bank, nevertheless showed that even the best CEOs can’t keep their eye on everything going on in a giant organization like JPMorgan. A second, critical eye on the bank’s operations could only be a help.

Unfortunately, that doesn’t look like it’s going to happen. But there’s always next year.

Looking for in-depth analysis on JPMorgan? Check out a new Motley Fool report on the superbank, written by Ilan Moscovitz — The Motley Fool‘s senior banking analyst and JPMorgan Chase specialist.

You’ll learn where the key opportunities for the superbank lie, where its core growth will come from, and the potential business risks. You’ll also get an analysis of its leadership team. For immediate access click here now.

…read more
Source: FULL ARTICLE at DailyFinance

Illinois reintroduces prison early release program

Illinois prisons are preparing to introduce a more restrictive early-release program to replace one that was halted three years ago amid public outcry over inmates serving just fractions of their sentences.

Democratic Gov. Pat Quinn shut down the former program after The Associated Press reported that 1,745 inmates — some convicted of violent crimes — had been released within weeks or even days of their arrival at the penitentiary.

The end of the program caused the prison population to swell by more than 4,000 inmates, and there are now more than 49,000 people in prisons designed to hold 33,000. The new program is aimed at easing the problem, the way early-out programs were previously used for decades to manage the population.

But unlike in the old program, inmates must serve at least 60 days of their sentence before being released. The new law also allows the prison director to decide early release eligibility on a range of factors, including a past record of violence, something the department had said court rulings previously prohibited.

The Illinois Department of Corrections has started reviewing records of potentially eligible inmates.

“This will be an ongoing, careful and thoughtful process,” Corrections spokeswoman Stacey Solano said in a statement.

The previous program allowed an inmate to get up to six months’ sentence credit for good behavior. The AP found that some inmates served as few as eight days because the Corrections Department secretly waived a minimum 60-day penitentiary stay to move inmates out faster.

The General Assembly has since put that two-month requirement into law.

Lawmakers approved the new early release program last spring, and Quinn signed it into law. But it wasn’t until this week that a legislative committee approved rules for the program. The Corrections Department may proceed after the rules are officially filed with the secretary of state in the coming weeks.

“The department is committed to the responsible implementation of sentence credit as safety and security remains the top priority,” Solano said.

The American Federation of State, County and Municipal Employees, the union representing most of the Corrections Department‘s 11,000 employees, agrees that if done properly, good-behavior incentives such as shaving time off sentences are sound management functions.

But AFSCME spokesman Anders Lindall said the union remains cautious.

He noted that even as the inmate population grows, Quinn is closing two prisons the governor says are too costly to operate. The high-security “supermax” prison in Tamms closed on Jan. 4, and officials are planning to soon close the Dwight women’s facility and shift inmates among three existing prisons.

AFSCME has opposed Quinn on closures, as well as reducing employee headcount and penitentiary crowding.

“Given the Quinn administration’s record of reckless closures, employee layoffs, inattention to overcrowding and its previous early release fiasco, we are extremely cautious about the prospect of a good-time program implemented by this administration,” Lindall said.

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Online: http://www2.illinois.gov/idoc/

Source: FULL ARTICLE at Fox US News