Hiding Bear Posted April 7, 2004 Report Share Posted April 7, 2004 If I'm understanding this correctly, the Senate Democrats' objection is that the bill doesn't lower the standards for an EVEN BROADER group of pension plans, including the multi-employer plans run by many unions. The "race to the bottom" continues. With further bipartisan effort, EVERYBODY'S future can be sold down the drain. You are correct. There is almost no discussion as to what these pension "reforms" will cost the US taxpayer - and cost it will and probably very soon. Link to comment Share on other sites More sharing options...
zensmoke Posted April 7, 2004 Report Share Posted April 7, 2004 While this may come as surprise to workers, the US Chamber of Commerce sayspension contributions are "unnecessary": The U.S. Chamber of Commerce issued a letter Tuesday telling lawmakers it would count votes related to the pension bill in its legislative scorecard. "Swift action by the Congress and President Bush will prevent unnecessary plan contributions and protect workers' pensions,"? said Bruce Josten, the group's chief lobbyist, in a statement. "Dedicating available corporate funds to the economic recovery underway, instead of excess pension contributions, is a win-win for workers and the economy." Why make contributions when you have the PBGC to pay for it? (pension benefit guaranty corp.) From the linked article: Senate Minority Leader Tom Daschle on Wednesday said Democrats remained upset over the lack of broader relief for multi-employer pension plans, and said the results of the conference were part of a pattern that has shut Democratic lawmakers out of House-Senate negotiations. If I'm understanding this correctly, the Senate Democrats' objection is that the bill doesn't lower the standards for an EVEN BROADER group of pension plans, including the multi-employer plans run by many unions. The "race to the bottom" continues. With further bipartisan effort, EVERYBODY'S future can be sold down the drain. You guys just plain worry too much---we still have Social Security and Medicare to take care of us in our declining years Link to comment Share on other sites More sharing options...
zensmoke Posted April 7, 2004 Report Share Posted April 7, 2004 *DJ US Tsy 10-Yr Inflation Notes: Bid-To-Cover 1.78 Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 7, 2004 Report Share Posted April 7, 2004 Seems like the old tricks are not working so well today. Jams followed by SELLING Longs are bailing and the few shorts that have survived are not taking the bait. I have a very sick feeling about where we are going regardless of my pretty portfolio Link to comment Share on other sites More sharing options...
zensmoke Posted April 7, 2004 Report Share Posted April 7, 2004 Dollar Index Cash (NYBOT:DXY0) Link to comment Share on other sites More sharing options...
zensmoke Posted April 7, 2004 Report Share Posted April 7, 2004 DJ US Tsy 10-Yr Inflation Notes: 1.809%; 30.62% At High WASHINGTON (Dow Jones)--The U.S. Treasury awarded $9.00 billion in reopened 10-year inflation-indexed notes at Wednesday's auction at a high rate of 1.809%. The Treasury received bids totaling $16.00 billion and accepted $9.00 billion, including $165.56 million of noncompetitive tenders, down from $247.69 million at the previous 10-year inflation-indexed note auction on Jan. 8. The 10-year note sale is a reopening of the notes first sold in January, with the coupon set at 2%. In Wednesday's auction, tenders submitted at the high yield were allotted 30.62%. The dollar price was 102.189. The median rate was 1.709%; that is, 50% of the amount of accepted competitive bids were tendered at or below that rate. Dow Jones Newswires Link to comment Share on other sites More sharing options...
thesun Posted April 7, 2004 Report Share Posted April 7, 2004 If I'm understanding this correctly, the Senate Democrats' objection is that the bill doesn't lower the standards for an EVEN BROADER group of pension plans, including the multi-employer plans run by many unions. The "race to the bottom" continues. With further bipartisan effort, EVERYBODY'S future can be sold down the drain. You are correct. There is almost no discussion as to what these pension "reforms" will cost the US taxpayer - and cost it will and probably very soon. It is more important to bring in great profits for Corp. Just a little more for the grand kids to be taxed on, no big deal. Link to comment Share on other sites More sharing options...
zensmoke Posted April 7, 2004 Report Share Posted April 7, 2004 DJ 2 US Journalists Kidnapped In Iraq -MSNBC NEW YORK (Dow Jones)--Two U.S. journalists were kidnapped south of Baghdad by a mob believed to be connected to radical Shiite cleric Muqtada Al-Sadr, MSNBC reported Wednesday, citing unidentified Pentagon sources. The journalists - a newspaper reporter and a photographer - were weeded out from a larger group of eight to 10 people who were traveling in two separate vehicles, the report said. The remaining people in the group were told by the kidnappers that the two journalists were taken specifically because they were Americans, MSNBC reported. DJ 2 US Journalists Kidnapped In Iraq -2 The photojournalist that had been detained later was identified as Lynsey Addario, on free-lance assignment for the Times, according to a spokesman for Corbis, a Seattle, Wash.-based agency representing her. Dow Jones Newswires Link to comment Share on other sites More sharing options...
Lock Limit Down Posted April 7, 2004 Report Share Posted April 7, 2004 FRE waking up LOB Link to comment Share on other sites More sharing options...
brian4 Posted April 7, 2004 Report Share Posted April 7, 2004 ok window opening in 5 minutes for 30 minutes-helmets on-lock n load. Link to comment Share on other sites More sharing options...
brian4 Posted April 7, 2004 Report Share Posted April 7, 2004 stop 1144 on all. Link to comment Share on other sites More sharing options...
zensmoke Posted April 7, 2004 Report Share Posted April 7, 2004 HOUSING INDEX (^HGX) Components http://finance.yahoo.com/q/cp?s=^HGX Link to comment Share on other sites More sharing options...
zensmoke Posted April 7, 2004 Report Share Posted April 7, 2004 *DJ Deutsche Bk Funds Find 'Significant Deficiency' In Acctg Dow Jones Newswires Is the term 'Significant Deficiency' bullish? Link to comment Share on other sites More sharing options...
zensmoke Posted April 7, 2004 Report Share Posted April 7, 2004 QQV 20.06 VXN 22.28 VIX 16.27 VXO 15.72 Link to comment Share on other sites More sharing options...
brian4 Posted April 7, 2004 Report Share Posted April 7, 2004 Zen- the QQV is up 6 cents from yesterdays close, those NazCrack "no fear" addicts won't give up until they are blown out for good. Link to comment Share on other sites More sharing options...
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