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After New Jersey Governor Chris "Powderkeg" Christie mentioned state bankruptcy in connection with health-care costs, New Jersey had to reduce a bond sale (hat tip: a friend in New Jersey). While state officials are denying any connection, this should put a damper on any foolish schemes to declare local or state bankruptcy for the sole purpose of […]
So Rick Scott says he's worried about Florida's pension fund. Folks: at first glance, this looks to be a distraction and not about the pension fund's underlying stability. The Florida Retirement System (FRS) is the largest in the country that has neither financial experts nor stakeholders sitting on the governance board, and the St. Pete Times […]
Some other union members (from K-12 locals) have criticized my last post which points to the excessive absences of Central Falls high school teachers as something that undermines the efforts of K-12 and other unions outside Central Falls defending their jobs when they were scapegoated last winter. The latest Providence Journal article (from yesterday, which […]
After national affiliates and union activists around the country fought to get Central Falls High School teachers their jobs back last winter, it does not help when news breaks of excessive teacher absences by any measure. I'm feeling right now like the defense attorney whose client leaves the courthouse to go rob a bank. Sometimes […]
This weekend's Tampa Tribune profile of Judy Genshaft follows a similar story in July by Rick Danielson in the St. Petersburg Times. There was one comment attributed to me by the Tribune's Lindsay Peterson that I think could be read in a way that is not consistent with what our conversation was about. Since the […]