Blog
Is Harris v. Quinn Decision Preview of Abood Challenge?
The U.S. Supreme Court’s decision in Harris v. Quinn puts a brake on an ongoing effort by organize labor to expand the definition of “public employee”…
Blog
When Hedge Funds Meet Pension Funds
Are hedge funds dangerous? Depends on who you ask — and where you look. For most investors, they’re no riskier than other assets — just…
Blog
Warren Buffett: “During the next decade, you will read a lot of news – bad news – about public pension plans.”
Thus warns Warren Buffett in his latest message to investors, part of Berkshire Hathaway's annual report. And when the Oracle of Omaha speaks, most of…
Blog
Finally Free to Leave SEIU, Michigan Home Care Workers Do Exactly That
Michigan becoming the nation's 24th right to work state in 2012 appeared to pose a challenge to major industrial private sector unions like United Auto…
Blog
The “California Rule” and the “The Fall of Pacific Grove”
In my previous post, I described the "California rule," which puts state governments in a legal straitjacket when trying to reform underfunded public pensions.
Blog
How the “California Rule” Holds Back Pension Reform
These days, local governments announcing bankruptcy seems like routine in California. Since the onset of the 2008 financial crisis, many state and local governments have…