No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Archive for May 22nd, 2009

Union battle over Chrysler

by @ 8:53. Tags:
Filed under Business, Politics - National.

(H/T – Alamo City Pundit)

The AP reports that, fresh from a denial by bankruptcy judge Arthur Gonzalez to delay the expedited sale of portions of Chrysler to Fiat, the US and Canadian governments, and the UAW, three Indiana trust funds that held senior secured debt in Chrysler, the Indiana Major Moves Construction Fund, Indiana State Police Pension Trust (both managed by Indiana’s Treasurer, Richard Mourdock), and the Indiana State Teachers Retirement Fund will be appealing to district court to try to stop the sale and the 29-cents-on-the-dollar return for the senior secured creditors.

The Louisville Courier-Journal puts the losses suffered by the teachers’ fund at $4,600,000, the police fund at $147,000, and the road-construction fund at $896,000. The NEA, which just took over operation of the largest teachers’ union in Indiana after possible fraud committed by the union’s insurance arm, can’t be happy about that.

As a result, Treasurer Mourdock has instructed the funds run by his office to not buy any more secured debt from companies receiving federal bailout money. I guess we can now add state/local public capital to the list of capital no longer flowing to bailed-out companies.

The descent to France continues

by @ 7:37. Filed under Business, Politics - National.

(H/T – Rob Port)

Politico found a stupid Florida Dem, Rep. Alan Grayson, wondering how to make Disney World even more crowded. His solution? In the middle of a major recession, demand that companies with more than 100 employees immediately start offering both full-time and part-time employees with at least a year on the job a week of paid vacation, then 3 years after that goes into effect, bump that up to 2 weeks and require companies with 50 or more employees offer both full-time and part-time employees with at least a year on the job a week of paid vacation.

Somebody better ask Milwaukee how that 9-day paid-“sick”-leave deal is going. Last I checked, that wasn’t going so well.

What else should one expect from a Congress that gives itself almost as much vacation time as teachers? Speaking of that, the story finds Sen. Lisa Murkowski (“R”-AK) whining that isn’t enough. I may not have a quarter to give, and even if I did, I wouldn’t give her it, but I can still say, “Call someone who cares.”

New guest-bloggers and an early vacation alert

by @ 6:59. Filed under The Blog.

I’m headed up north of the border for the annual Spring Walleye Hunt next week Saturday. Since Shoebox is still busy with his special project, and because Sister Toldjah gave me the keys to her place last month, I’ve brought in a couple more guest-bloggers:

Sister Toldjah, a very nice North Carolina blogger
Phineas, who runs Public Secrets out of California and who was one of my cohorts when ST took a week off

Let’s have a kegger before I go :-)

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