Let the Coral Gables Unions Beware: Time of Change

This is a Democratic Governor and this is a small sign that the days of out-of-control pensions and public employee unions is coming to an abrupt end.  Let the Coral Gables Commission and Mayor get the message.

The retirement age for Massachusetts state workers would be raised to 67 for new state employees and incentives for early retirement would be eliminated as part of a pension reform package announced by Gov. Deval Patrick.

The proposal, announced Tuesday, would also reduce by 0.5% each the 9% contribution rate for new employees and 11% contribution rate for teachers, according to a news release from Mr. Patrick.

The current retirement age for state employees is 60; current employees’ retirement age would not be affected.

Also included is an anti-spiking rule to limit annual salary increases that would count toward a pension to no more than 7% of the average earnings over the last two years plus inflation.

The proposal would ban elected officials who previously retired as state employees and are receiving a state pension from collecting the pension while in office.

via Massachusetts governor proposes pension reform – Pensions & Investments.

Florida: Housing Will Recover Later

Nothing to add.  Don’t believe the politicians and real estate agents.

…here are the five states where the housing recovery will be a lot longer in the making:

1. Nevada

The poster child for the housing boom was Las Vegas but now it’s lights out on Glitter Gulch. The state has the highest mortgage delinquency rate in the country at 8.3%, the highest unemployment rate at 14.4% and has suffered the biggest peak-trough home-price declines of any area, a 56.4% tumble.

2. Michigan

Not a state that enjoyed the boom, but one really feeling the bust. It has the second-highest unemployment rate in the nation at 13.1% and mortgage delinquencies hit 5.1% of outstanding loans. Home prices have also fallen hard, 31.7% from the peak.

3. California

The second-highest mortgage delinquency rate in the country at 6.0%, the third-worst unemployment rate at 12.4% and home-price declines of 40.8% put the Golden State on a long path to health.

4. Florida

Tying California with a 6.0% mortgage delinquency rate but beating its cross-coast rival with a home-price decline of 46.9%, Florida also won’t be doing well anytime soon. An unemployment rate of 11.7% doesn’t help.

5. Rhode Island

Unemployment trips up Rhode Island, which ties for the fourth highest rate in the country at 11.7%. Home-prices declines were 25.6% and 4.9% of mortgages are delinquent.

via The 5 states where housing will recover first – MarketWatch.

Jeb has the Solution for Coral Gables: Wake Up Unions!

Dear Commissioners, Unions and Mayor of Coral Gables:  Please read this quote from Jeb Bush.

Jeb is ahead of the others on what to do, and this will be the final result if unions continue with their hardline positions.

There must be found an intermediate solution if the unions will just work with the city and that the public security employees give up making wild claims about there special and indispensable role in the community.

So new Republican governors should adopt rules for countercyclical budgeting and fully funded pensions? Too timid, Mr. Bush says. “I would argue for the elimination of the defined-benefit pension system. Might as well just get right to the end of the conversation, that’s where this is all going.” Then, “figure out a creative way to deal with the unfunded liabilities.” That “means you have to take on the unions.” He notes that New Jersey Gov. Chris Christie has so far “shown that you can take on these entrenched interests and be popular and sustain the efforts to change the state.”

via Jeb Bush: Eliminate ‘defined-benefit pension system’ | Florida Independent: News. Politics. Media.

The Press: Wasserman on its Vital Role

Thanks for the Helen Thomas’s of this country.  Thanks for the Volsky’s of this city who are fully in the tradition of rooting out the incompetents, the crooks and the failed government, and drive the mayor and commissioners nuts with their articles.  While they have their fair share of mistakes, overdoing it or simply appearing more irritated than objective, we need that reporting.

Even a small town like Coral Gables needs overseers of government secrecy, and you will not find them in places like the GablesHomePage.com that is more softball than not, more irrelevant than not.

…the Society of Professional Journalists, the country’s premier order of newspeople, is furrowing its brow, a dangerous sign, and weighing whether to kill off the Helen Thomas Award for Lifetime Achievement, which SPJ has given since 2000. The problem is that Helen Thomas has crowned her own lifetime achievement as a pioneering female White House correspondent with some ridiculous remarks of late about Israel.

Now, Helen is not alone, and the world is full of people who have made ridiculous remarks about Israel, including no small number of Israelis. No matter. She has made irresponsible utterances, and she must pay. She already lost her job, but now her legacy must be dismantled.

In fact, Helen Thomas remains a giant of 20th century U.S. journalism, who ignored her peers for decades by annoying every president since John Kennedy…

But now we’re in the age of responsibility. Mainstream journalism doesn’t rock boats. Today’s curmudgeon isn’t Mencken, it’s Andy Rooney, fussing over why his corn flakes don’t come in a much smaller box, seeing how much the contents settle, know what I mean?

Or take WikiLeaks. A sobering article from McClatchy’s matchless D.C. bureau chronicles the way U.S. news media have scrambled to distance themselves from the most extraordinary worldwide assault on official secrecy ever.

Why? Why would newsfolk who should revel in chipping away at government deceit do anything but rejoice at the flood of authentic documentation that Wikileaks, withstanding enormous pressure, has directed to them — even deferring to their judgment as to what’s wise to publish?

Protecting unpopular expression instead of punishing it, defying authority instead of cuddling up to it, refusing to march in lockstep regardless of governmental or popular pressure, these are the actions not of an irresponsible press, but of one that’s doing its job.

Read more: http://www.miamiherald.com/2011/01/17/2019495/when-the-press-does-its-job-right.html#ixzz1BJS49KCt