Social Issues

Authored by Mike Shedlock via MishTalk.com,

GE has the largest pension shortfall in the S&P 500. It’s a $31 Billion Balance Sheet Hole That Keeps Growing.

At $31 billion, GE’s pension shortfall is the biggest among S&P 500 companies and 50 percent greater than any other corporation in the U.S. It’s a deficit that has swelled in recent years as Immelt spent more than $45 billion on share buybacks to win over Wall Street and pacify activists like Nelson Peltz.

 

Via The Daily Bell

How many successful people can there be? It seems like, after every article you read these days, the author bio talks about a book they have written, an invention they created, a prestigious award or some other indicator of great success. Yet I’ve never really heard of most of them.

I used to get pings of jealousy when I would see descriptions like that of successful people; it almost felt like there were a limited number of “success” spots on planet earth, and if they were taking one up, it made it that much less likely for me to get one.

Brazil's landmark labor reform bill, intended to relax the country's restrictive labor laws and a main plank of embattled President Michel Temer's efforts to bolster investment and pull the economy out of its worst recession ever and widely seen as the country's second most important reform agenda after the Pension bill, was unexpectedly rejected by a special committee in Brazil's senate, with 10 votes against it, 9 in favor and 1 abstention. 

Authored by Ryan McMaken via The Mises Institute,

In recent years, we've examined any number of ways of decentralizing the American political system. These step-by-step moves can include decentralizing the monetary system, decentralizing the military, decentralizing immigration policy, and decentralizing elections.

Via The Daily Bell

The leviathan created by the modern welfare state is one of the gravest threats facing the American republican system. Dangers levied by the continued use of the government’s dole come both fiscally and socially. Fixes being floated from Congress to community organizations still lack a cohesive focus on reform in the mainstream public discourse.