Tag "Detroit"
Back to homepage
‘Transit workers vs. just plain workers’
A renewed BART strike could bring chaos to the Bay Area on Monday. But as CalWatchdog founder Steven Greenhut points out in his U-T San Diego column, the BART labor strife isn’t prompting the public reaction that transit unions may
Read More
CA take note: MI state judge tests federal bankruptcy law
For municipal bankruptcy, all eyes across the nation now turn to Detroit. The latest: Michigan Circuit Court Judge Rosemary Aquilina ordered Detroit’s bankruptcy filings be withdrawn because they violate state law guaranteeing that pensions must be paid to public employees.
Read MoreCA take note: Detroit bankruptcy could slash pensions 90%
Detroit declared bankruptcy today. For California, here are the takeaways from the Detroit News report: “A bankruptcy judge could trump the state constitution by slashing retiree pensions, ripping up contracts and paying creditors roughly a dime on the dollar for
Read MoreCA take note: Detroit bankruptcy could slash pensions 90%
July 18, 2013 By John Seiler Detroit declared bankruptcy today. For California, here are the takeaways from the Detroit News report: “A bankruptcy judge could trump the state constitution by slashing retiree pensions, ripping up contracts and paying creditors roughly
Read MoreCA take note: Detroit pensions could take big hit in bankruptcy
July 13, 2013 By John Seiler Although California’s current financial fortunes seemingly are improving, the next recession could cancel the bliss. So Californians, especially government workers, should take not of what’s happening in Detroit. Emergency Manager Kevyn Orr is being
Read MoreDetroit sets precedent for radical cuts in ‘inviolate’ CA pensions
June 17, 2013 By Chris Reed In the sci-fi satire “Robocop,” we were treated to a glimpse of a future Detroit in which mechanized police ran amok. As my colleague John Seiler noted the other day, in modern-day Detroit, we’re
Read MoreDetroit to renege on pensions? CA next?
June 16, 2013 By John Seiler California’s finances are overflowing today. The Legislature just passed a $96.3 billion budget, although Gov. Jerry Brown still will have its say. It reminds me of the Detroit of my youth in the 1960s,
Read MoreYes, govt. pensions can be completely canceled
May 15, 2013 By John Seiler We’re constantly told that California governments have a “constitutional obligation” to pay for the pensions of public-sector employees. Except when there’s no money left. If a city, county or even the state goes absolutely
Read More