Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

New York Transit Strike to End ?
New York times

Posted on 12/22/2005 6:29:07 AM PST by ElRushbo

just saw a headline come across about a possible resolution-- cnbc reporting annoncement may come shortly...


TOPICS: Business/Economy
KEYWORDS: twu
Navigation: use the links below to view more comments.
first 1-2021-4041-48 next last

1 posted on 12/22/2005 6:29:09 AM PST by ElRushbo
[ Post Reply | Private Reply | View Replies]

To: ElRushbo

Anyone wanna bet the union doesn't have to pay the $1 million a day fine? Either this judge will throw it out or they'll appeal and get it overturned.

Merry Christmas! Pffft.


2 posted on 12/22/2005 6:31:16 AM PST by RabidBartender (Bring back tpaine!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ElRushbo

I hope they still have to pay the fines.


3 posted on 12/22/2005 6:31:33 AM PST by Popman (In politics, ideas are more important than individuals.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ElRushbo

I'll say it again: who cares? (besides the sheeple of NYC, that is).

Leftists reaping what they have sown, is how I see it.


4 posted on 12/22/2005 6:32:53 AM PST by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ElRushbo

This would be good news - bump.


5 posted on 12/22/2005 6:33:10 AM PST by PilloryHillary (Government is the only enterprise in the world which expands in size when its failures increase.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ElRushbo

It was pretty well understood that the strike would only last for a couple of days. The union would be broke by then, and the leadership is facing the prospect of going to jail for violating the court order against the strike.


6 posted on 12/22/2005 6:33:40 AM PST by Alberta's Child (What it all boils down to is that no one's really got it figured out just yet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ElRushbo

Bloomberg shoud do a 'Reagan' and fire them all!


7 posted on 12/22/2005 6:34:05 AM PST by Rummyfan
[ Post Reply | Private Reply | To 1 | View Replies]

To: Alberta's Child

Hope they lock up their Mafioso leader before it's settled.


8 posted on 12/22/2005 6:34:41 AM PST by sarasota
[ Post Reply | Private Reply | To 6 | View Replies]

To: ElRushbo

$101,000 a year for being a Bus driver?


9 posted on 12/22/2005 6:34:44 AM PST by Dallas59 (“You love life, while we love death"( Al-Qaeda & Democratic Party)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dallas59
$101,000 a year for being a Bus driver?

Ralph Kramden would have been in fat city.

10 posted on 12/22/2005 6:39:18 AM PST by Semper Paratus
[ Post Reply | Private Reply | To 9 | View Replies]

To: Dallas59

And retirement at 55 with bigtime health benefits.


11 posted on 12/22/2005 6:42:05 AM PST by sarasota
[ Post Reply | Private Reply | To 9 | View Replies]

To: ElRushbo

The MTA must have caved even sooner than I thought they would. Bloomberg cut them off at the knees with his handwringing about not wanting the strikers fined or jailed.


12 posted on 12/22/2005 6:44:40 AM PST by CFC__VRWC ("Anytime a liberal squeals in outrage, an angel gets its wings!" - gidget7)
[ Post Reply | Private Reply | To 1 | View Replies]

To: sarasota

keep in mind that they want to lower retirement age to 50


13 posted on 12/22/2005 6:46:26 AM PST by soccer_maniac (www.polipundit.com -- Elections and politics with a Conservative bent.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: soccer_maniac

Unbelievable. A pity the MSM isn't shouting this info from its headlines.


14 posted on 12/22/2005 6:55:52 AM PST by sarasota
[ Post Reply | Private Reply | To 13 | View Replies]

To: Rummyfan

"Bloomberg shoud do a 'Reagan' and fire them all!"
yeah but Bloomberg is no Reagan


15 posted on 12/22/2005 6:56:53 AM PST by DM1
[ Post Reply | Private Reply | To 7 | View Replies]

To: sarasota

Any new word? Nothing on NY1.


16 posted on 12/22/2005 6:57:21 AM PST by NYCVOICE
[ Post Reply | Private Reply | To 14 | View Replies]

To: Rummyfan
Bloomberg shoud do a 'Reagan' and fire them all!

If only...

17 posted on 12/22/2005 6:58:16 AM PST by murphE (These are days when the Christian is expected to praise every creed but his own. --G.K. Chesterton)
[ Post Reply | Private Reply | To 7 | View Replies]

To: sarasota; Southack
And retirement at 55 with bigtime health benefits.

This is going to become a big problem for many public entities, not the least of which is those in New York.

Starting in 2006, GASB (Government Accounting Standards Board) 45 will require that OPEB's (Other Post Employment Benefits) such as retiree health care MUST shown as an accrued liability on the budget, similar to pension benefits. Rather than using pay-as-you-go for retiree benefits (which does not show the "true" cost of health care for employees), GASB 45 requires public entities to estimate the future value of such benefits for its retirees and then calculate an actuarially derived yearly expense to be shown on the budget.

The implications of this is huge. I'm on a local school Board and all Board Members only know is how much we pay per year for health care. The figure cited includes all current AND retired employees. But GASB 45 will change that because the actuarily derived yearly expense will end up going against the bottom line - and may cause school district entities to increase the tax levy to fund this liability.

For the school district I serve on the Board, teachers and administrators can accrue sick time, and then convert that sick time to health care upon retirement - and that is way many school districts handle retiree health care. So going back to our school district, a teacher or administrator can concert anywhere from 17-25 days of accrued sick time to one year of paid health care for themself upon retirement.

GASB 45 does not require entities (such as a New York City's MTA) to FUND the liability, but in reality, emtities will have to fund this liability in some fashion. I believe this will end up forcing many small public entities to consolidate - taxpayers are at their limit in these parts of what they can afford to pay for taxes.

I believe that offering health care upon retirement without some provisions to control cost is one of the worst benefits that can be paid to employees. It is a guaranteed benefit that has a variable cost. In 10 years, I predict you will see many school districts having to consolidate due to the inability of smaller districts in rural areas to increase the tax levy enough to cover the rising costs of health care.

Southack, sending to you, as I consider you well versed in things economic and fiscal on FR.

18 posted on 12/22/2005 7:00:10 AM PST by Fury
[ Post Reply | Private Reply | To 11 | View Replies]

To: sarasota

19 posted on 12/22/2005 7:02:28 AM PST by soccer_maniac (www.polipundit.com -- Elections and politics with a Conservative bent.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: NYCVOICE

All the news I'm getting is right here on freerepublic.


20 posted on 12/22/2005 7:10:51 AM PST by sarasota
[ Post Reply | Private Reply | To 16 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-48 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson