1. Lowell Ponte: Union Workers May Lose
More than Half of Their Pensions
2. Crista Huff: USITC Report Portrays
Lackluster TPP Economic Benefits
3. Michelle Seiler-Tucker: Did Uber Try to Change
the World Too Fast?
4. Daniel Greenfield: The Muslim World is a
Permanent Refugee Crisis
5. Michael Stumo: U.S. Trade Rep’s Parallel Universe
6. Rabbi Ganz: How to Fix Our Broken
Immigration System... Permanently
Union
Workers May Lose More than Half of Their Pensions
By
Lowell Ponte
407,000 workers – mostly unionized Teamster truck drivers
and retirees – learned days ago from the Central States Pension Fund director
Thomas Nyhan, that the pensions they were depending on may be cut to “virtually
nothing.” Bleeding $2 billion a year that it cannot replace, this fund proposed
to the government that it could remain solvent by slashing pension payments by
a retirement-crushing 60 percent. The U.S. Treasury’s response: No. Even
cutting pensions by 60 percent would not be enough to keep this underfunded
fund going for much longer. The cuts must be far deeper, or the cost to workers
must be much higher. [more...]
USITC
Report Portrays Lackluster TPP Economic Benefits
By
Crista
Huff
The
U.S.
International Trade Commission (USITC) issued its long-awaited
report on the potential outcome of the Trans-Pacific Partnership (TPP) trade
agreement on May 18, 2016. The report shows the TPP potentially resulting in
“small gains in U.S. gross domestic product and a very slight uptick in
employment over the 30-year implementation period of the deal.” Here are some
of the report’s projected economic results of the TPP... [more...]
Did
Uber Try to Change the World Too Fast?
What
do the International Association of Machinists and Aerospace Workers, the
International Brotherhood of Electrical Workers, and the Teamsters all have in
common? They all want to represent Uber drivers in a burgeoning Uber Driver
union bid. Uber, the ridesharing startup which revolutionized the way people
move through cities, may have tried to change the world just a little too much.
Uber’s drivers are not employees, but rather independent contractors. This
allows Uber to keep costs low and grants drivers the flexibility to work when
they want. Some drivers, however, want benefits and bargaining power; and
this is why the Machinists, Electrical Workers, and Teamsters have joined
forces with Uber drivers. [more...]
The
Muslim World is a Permanent Refugee Crisis
Forget
the Syrian Civil War for a moment. Even without the Sunnis and Shiites
competing to give each other machete haircuts every sunny morning, there would
still be a permanent Muslim refugee crisis. The vast majority of civil
wars over the last ten years have taken place in Muslim countries. Muslim
countries are also some of the poorest in the world. And Muslim countries also
have high birth rates. Combine violence and poverty with a population boom and
you get a permanent migration crisis. No matter what happens in Syria or Libya
next year, that permanent migration crisis isn’t going away. [more...]
U.S. Trade Rep’s Parallel Universe
By
Michael
Stumo, CEO of Coalition for a Prosperous America
I
listened to U.S. Trade Representative Michael Froman discuss the Trans-Pacific
Partnership yesterday on a business group conference call, after the U.S.
International Trade Commission report came out. Despite the fact that the
report nullified Froman's entire economic case for the TPP, you would never
know it from his talk. Froman created a parallel universe which was enabled by
the Business Forward group sponsoring the call. The U.S. International Trade
Commission report on May 18 should crush the case for the TPP. The report shows
worsening trade deficits and basically no growth or job creation which CPA outlined
here. In addition, manufacturing will shrink and lose employment. [more...]
How
to Fix Our Broken Immigration System... Permanently
By
Rabbi
Ganz
Number
1: DON’T build a security fence along the
U.S.-Mexico border. It would likely cost hundreds of billions if not
trillions and take years to complete. And walls don’t work. Ask Israel. Despite
being well armed and technically advanced, they cannot stop Hamas terrorists in
Gaza from tunneling under the few miles of border they share. With billions to
be made from smuggling drugs and illegals, the many tunnels under the 2,000-mile
wall would quickly turn our very expensive barrier into a very sad joke. [more...]