The market has been extremely volatile of late. An investment 10 years ago would have yielded almost no gains, and would have absorbed a giant loss in 2008. Too much of the stock market these days is ruled not by efficient capital flows, but high-frequency trading and other forms of gambling, none of which will be ameliorated by the financial reform bill. Putting 10-15% of the trust fund into that casino could result in lower returns or even losses from the safe investments in which it’s currently exposed.
|By: David Dayen Thursday July 1, 2010 9:00 am|
|By: David Dayen Friday June 11, 2010 6:45 am|
When SEIU hatched this idea to start a third party in North Carolina, I was skeptical of their chances at success. Turns out I was right about that – it was too daunting a task to up and start a party in a couple of months, in time to qualify for the November ballot. However, SEIU didn’t quit with their plans at accountability for Democrats they feel betrayed them, and as a result, they are seeking to qualify a third-party candidate to run against Larry Kissell in NC-08.
|By: Michael Whitney Sunday May 9, 2010 12:45 pm|
SEIU has a new President. The union’s executive committee elected health care organizer Mary Kay Henry as SEIU’s first female president today, after now President Emeritus Andy Stern announced his resignation several weeks ago.
|By: Michael Whitney Thursday May 6, 2010 1:30 pm|
On Tuesday a radio ad hit the airwaves in Arkansas, featuring Barack Obama encouraging voters to support Blanche Lincoln in the Democratic Senate primary later this month. SEIU, which is supporting Lincoln challenger Bill Halter, cut their own ad to directly challenge Obama. You can hear the ad exclusively at Firedoglake.
|By: Michael Whitney Thursday April 29, 2010 6:50 pm|
President Obama makes a bold statement to audience members at a town hall in Iowa yesterday. “I am a pro-union guy,” said Obama to a union member woman who asked how Obama would “continue to support” union members. Wow…except that he launched into a knee-jerk defense of baseless union stereotypes.
|By: Jane Hamsher Tuesday April 13, 2010 3:46 pm|
The fate of the Employee Free Choice Act (EFCA) over the course of the past year and a half has been largely determined by the White House. Rahm Emanuel would not let it come up for a vote until after health care was passed, and by that time the Democrats no longer had 60 votes in the Senate. But its evolution is also intimately tied to the electoral prospects of Harry Reid and Arlen Specter, and unless you understand one, you can’t understand the other.
|By: Michael Whitney Tuesday April 13, 2010 6:00 am|
Ben Smith dropped a bombshell this evening with his report that SEIU President Andy Stern will resign. Stern, president of one of the country’s biggest unions since 1996, reportedly plans to resign before the end of his term in 2012. So what’s really going on here?
|By: David Dayen Friday April 9, 2010 6:40 am|
Larry Kissell, one of the three North Carolina Dems who voted No on health care, has a primary challenger in Nancy Shakir, and this might be somewhere the NC First Party wants to go. But the primary is, um, next month, and right now NC First is in the “talking” and “figuring out what it wants to do” stage of development. It is virtually impossible for it to be a factor in the 2010 midterms.
|By: Michael Whitney Thursday March 18, 2010 4:00 pm|
The Change to Win labor federation has unsurprisingly backed the health care bill, even with the increased excise tax on middle class health care plans. Later, the AFL-CIO’s Executive Committee also decided to endorse the bill.
|By: Gregg Levine Tuesday March 16, 2010 9:00 am|
Ahhh, the power of the Democrats! To all of you who said that Dems couldn’t get anything done, to all of you that said Congressional Democrats couldn’t find the President’s desk with a map, a flashlight, and guided tour from Desirée Rogers, to all of you that said this White House did not know how to play political hardball, I say: Behold!