Exploring Hydrocarbon Depletion
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vision-master wrote:Dude, these ppl don't qualify for un-enjoyment. They either don't have enough credits for the year or where laid off from part times jobs - you just don't get it oily......
OilFinder2 wrote:Classic doomer denialism!! Something is getting better but . . . nooo it just cannot be true! There just must be some doomish explanation! Must, I tell ya, MUST!! LOL!!!
Make it all go away!!!
vision-master wrote:Here, oily-the-shill.......
Michigan Governor Rick Snyder will cut aid to local towns and cities so drastically that he can then declare them in a state of fiscal emergency and then strip the local governments of their duly elected officials and inserting his own appointed financial managers with specific authority. His bill will authorize the emergency manager to reject, modify, or terminate the terms of existing contracts or collective bargaining agreements.
Additionally the Michigan Messenger reports:
http://michiganmessenger.com/47013/bill ... ers-powers
State officials estimate that dozens of local governments and school districts will soon be unable to pay their bills and the Treasury dept. is on record supporting a bill — passed by the House last week — which would recast Emergency Financial Managers as Emergency Managers and give them unprecedented new power to fire elected officials, dissolve labor contracts and reorganize or dissolve cities and school districts.
Supporters of the measure say that it is needed because the leaders of some towns and schools have been unable to muster the political will to take unpopular budget balancing steps.
Because the bill establishes no process for how appointees can carry out their new powers and specifically lays out that Emergency Managers need not consult with a community’s elected representatives, some worry that corporate managers, appointed by the governor, could liquidate community assets to cover debt and leave towns no better off than they were......
Labor officials say the legislation will give “dictatorial” powers over municipalities struggling with financial issues. They say Gov. Rick Snyder’s budget which has severe cuts to local revenue sharing and K-12 school fund per pupil rates will drive local units of government closer to financial insolvency, causing a need for financial managers. Those managers would be empowered to nullify any bargaining agreements in effect, and upon doing so it would stand for five years.
ALSO: the Governor’s budget will impose tax hikes on seniors and low-income workers to the tune of $1.7 billion AND then he will give $1.8 billion in tax cuts to businesses; Governor wants to take over the right to appoint local government rather then allow local citizens to vote in their officials. The Governor’s emergency manager will be able to disincorporate or dissolve municipal governments.
PERA Coordinated and Correctional members would effectively pay 50 percent more for their pensions under a bill introduced Monday, March 14, by Sen. Mike Parry, Waseca, and Sen. Gretchen Hoffman, Vergas. Employer contributions to the plans would drop a similar amount under
Senate File 813.
The 3 percent of pay increase would mean a contribution rate of 9.25 percent for Coordinated members and 8.83 percent for Corrections officers as of July 1. Employer rates would drop to 4.25 percent and 5.75 percent, respectively. The bill does not affect the Association's Police & Fire Plan.
In addition to PERA members, the bill’s provisions also apply to state employees, teachers and legislators. The Republican sponsors argue the legislation will bring public pensions more in line with private sector retirement plans. Union leaders immediately criticized the measure as a unilateral pay reduction for members and noted that unions supported several pension benefit concessions in last year's Omnibus Pension Bill.
Unlike Wisconsin, where, until this month pension funding has been primarily an employer responsibility, PERA members and employers have traditionally split pension costs. Both members and employers pay about 50 percent each for the General Plan and divide the costs 40%/60% for the public safety plans.
In effect, shifting more of the pension costs to employees would offset reductions employers see in future local government aid from the state. It is estimated employers would save approximately $155 million per year with the lower Coordinated Plan contribution rate, and an additional $5 million for the Correctional Plan.
The bill is headed to Parry’s Senate State Government Innovation and Veterans Committee rather than the Legislative Commission on Pensions and Retirement, the usual starting point for pension legislation. A companion bill has yet to be introduced in the House.
This is not the first legislation directly addressing PERA pensions this year. Rep. Mark Buesgens, Jordan, introduced two bills in February that would effectively freeze public pensions in Minnesota as of July 1 ( H.F.542 and H.F.594). The two measures call for closing all public retirement plans to new employees after June 30, and locking in the benefits earned as of that date for current public employees. The legislation has not been picked up in the Senate.
OilFinder2 wrote:Below 400K 4 of the past 6 weeks. Poor doomers, they must be getting really frustrated.
vision-master wrote:Who do you work for?
SEASONALLY ADJUSTED DATA
In the week ending March 19, the advance figure for seasonally adjusted initial claims was 382,000, a decrease of 5,000 from the previous week's revised figure of 387,000. The 4-week moving average was 385,250, a decrease of 1,500 from the previous week's revised average of 386,750.
The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending March 12, unchanged from the prior week's unrevised rate of 3.0 percent.
The advance number for seasonally adjusted insured unemployment during the week ending March 12 was 3,721,000, a decrease of 2,000 from the preceding week's revised level of 3,723,000. The 4-week moving average was 3,755,250, a decrease of 28,000 from the preceding week's revised average of 3,783,250.
vision-master wrote:oily is a punk.
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