Archive for March, 2009

Unions Abuse Teachers

Thursday, March 26th, 2009

If you want to be a teacher, in many places you are forced to give money for left-wing causes:
In 28 states, a teacher is essentially forced to join a costly union. A typical teacher in Southern California, where I teach, pays $922 every year to his or her local, which then sends $611 of that [...]

Why Executive Pay Keeps Increasing

Thursday, March 26th, 2009

This paper describes why compensation committees of large companies keep increasing executive pay:
The compensation committees of boards make heavy use of “pay surveys” compiled by compensation consultants on executive pay at companies that are comparable (in terms of size, industry, and so on). But since most boards feel that their executives are “above average,” they [...]

Move Your Business to Texas

Sunday, March 22nd, 2009

Have a business that you would like to relocate from say California or New York? For the 4th year in a row Texas is ranked #1 for business growth by CEOs.
While Texas ranked first, California ranked dead last. Amazing. It is like two different countries. And New York ranked next to last.
I have lived [...]

Obama Team to Begin Setting Wages at Corporations

Sunday, March 22nd, 2009

The Democrats are moving us on to the slippery slope of regulating executive pay. This is an issue that could play well for them election after election in the future. They can feed the populist fires by demanding further reductions in executive pay. Why should all those lousy executives make much more than the average [...]

Democrats + Populism = Bad Policies

Saturday, March 21st, 2009

Charles Krauthammer:
That’s $165 million in bonus money handed out to AIG debt manipulators who may be the only ones who know how to defuse the bomb they themselves built. Now, in the scheme of things, $165 million is a rounding error. It amounts to less than 1/18,500 of the $3.1 trillion federal budget. It’s less [...]

Barney Frank’s Incompetence

Monday, March 16th, 2009

I get sick of hearing the Democrats complain about big bonuses in the banking sector when they have done far more damage to the US economy than US private sector bankers. These Democrats have no sense of shame.
And we have Barney Frank talking as if he can be trusted to help get us out [...]

Obama’s Bad News Budget

Saturday, March 14th, 2009

The Cato Institute analyzes the broad impact of the Obama/Democrat budget:
President Barack Obama has introduced his federal budget plan for the coming years, and it includes large increases in spending, taxes, and debt. The Obama plan includes the costs of recent financial bailouts and the stimulus package, but it also foresees a long-term increase in [...]

Everything is Amazing, But Nobody is Happy

Wednesday, March 11th, 2009

Pervasive Corporate Workplace Discrimination

Sunday, March 8th, 2009

Marty Nemko, who works as a career counseling in Oakland, CA, writes of today’s workplace: “The rule seems to be: discriminate–as long as the ones being discriminated against are white males.”
This is so true. Corporate America has in place a vast system of affirmative action that is targeted at lifting women and minorities at the [...]

Finland, Ruskies, and Scandinavia

Wednesday, March 4th, 2009

In Finland this week. What a nice country. It has just 5 millions people, yet it is the size of Germany. (But it is pretty cold in the far north of Finland, so no wonder nobody lives there.) It seems in the US we did not hear much about Finland until the Cold War ended. [...]