They [Unions] are searching for relevancy and realizing that collective bargaining does not solve all problems. They want their hands on the levers of economic decision making. They see this as having greater appeal to unorganized workers. They are trying to show, this is not your grandfather’s labor union. Unionization used to be thought of as that movie ‘On the Waterfront.’ This is a new face.
AFL-CIO President takes over NY Fed Branch.
This is an interesting appointment. The Strategic-Thinking area of my brain is working overtime, producing hypothetical reasons for why this was done and what we should expect to happen next. Obama appointed the New York State AFL-CIO President as Chairman of the Federal Reserve Bank of New York.
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo t...
We've noted before that a bunch of economic trends turned bad when Nixon closed the gold window and we launched into the current pure f...