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Posted on 02/26/2010 1:58:59 PM PST by Slyscribe
Detroit Mayor Dave Bing, struggling to close an estimated $325 million budget hole, has engaged in an open war of words with the city’s public employee unions.
At a press conference Thursday, the mayor said resistance from the American Federation of State, Council and Municipal Employees to renegotiated contracts was costing the city $500,000 per month.
“Either they can’t read or they can’t add or they can’t comprehend — it has to be one of the three,” Bing said.
The union shot back,
(Excerpt) Read more at blogs.investors.com ...
What happens when you run out of other people’s money...
Go Bing!
Life after basketball
[edit] Business
Aged 22 with an NBA contract worth $15,000, Bing was rebuffed by the National Bank of Detroit on getting a mortgage to finance a home. This led Bing to work at the bank during the offseason, holding jobs in the teller, customer relations and mortgage departments.
Immediately after retiring, he worked at a warehouse of the steel processing company Paragon Steel and was paid $35,000. He left after two years, after stints in the company’s shipping and sales operations.
In 1980, Bing opened Bing Steel with four employees in a rented warehouse from $250,000 in loans and $80,000 of his own money. Losing all his money in six months, the company shied away from manufacturing to focus on being a middleman. With General Motors as their first major client, the company turned a profit in its second year on revenues of $4.2 million. By 1984, Bing was awarded by President Ronald Reagan the National Minority Small Business Person Of The Year. By 1985, Bing Steel had expanded to two plants with 63 employees posting revenues of $40 million[5].
Bing Steel would transform itself to the Bing Group[6], a conglomerate with headquarters located in Detroit’s North End. The company, among other things, supplies metal stampings to the automobile industry.
“Either they can’t read or they can’t add or they can’t comprehend...”
Well they don’t HAVE to be able to read, add or comprehend, Dave. They belong to a UNION!!!!
Bing is about a good of a man as you’ll find in Detroit, but the problems are way too big for him to overcome.
I’m sure he is wondering what in the heck did I get myself into!
Since the so-called “men” in Detroit don’t take responsibility for their kids, don’t marry the women who birth their children and call them “Hos,” I doubt the good mayor will get much support. The best we can do is send Mr. Bing a letter and encourage him to find residence in a decent community. He’d probably win the mayorship in a landslide.
Fire them all and start over.
Bing became a minority supplier to GM. GM was required to give a percentage of their business to minority suppliers. Bing would buy the products from white owned companies mark up the price and then sell the same products to GM. Lots of minorities did that. I knew of one minority company that got minority contracts with GM and the City of Detroit. They would buy from white owned companies, but never paid their bills. White owned companies would try to sue but the money was gone. When they ran out of suppliers who would sell to them they would close the company and get the minority set aside for another company.
Just last night I watched a “House Hunters” episode where a couple were buying a place in Detroit. It looked like a “just lovely” city...don’t know if they were told to stay off the streets at night. They paid around $300K for a condo in a hotel!
“Either they can’t read or they can’t add or they can’t comprehend...”
They can’t do any useful work either. Most of these union types who worked for the City of Detroit did little or no work and were almost impossible to fire. Detroit has been dysfunctional and corrupt for a long time. They had millions of dollars of State and federal money coming in and that’s what kept them going.
The mayor wants more people to leave lol
Not that I blame him I would want a lot of those people to leave too and I think I know where a lot of the population already went Minnesota we used to get them by the bus fulls part of the reason we fled.
Wait a sec..wouldn’t that make Detroit a “green” city..you know..lots of parks..trees...
We have entered an era where attacking public sector unions should be good political stragety - as well as the right thing to do.
I do remember him having a minority contract..but he had a good rep (relatively speaking), and did not do much markup of those steel coils, not like another business I will not name, lol.
Anyway, his philosophy was to train and hire blacks, and have blacks buy cars...those were his goals during those years.
...he mayor said resistance from the American Federation of State, Council and Municipal Employees to renegotiated contracts was costing the city $500,000 per month. "Either they can'’t read or they can't add or they can't comprehend -- it has to be one of the three," Bing said.Not true, it could be more than one of them. ;') Thanks Slyscribe.
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