Showing posts with label pensions. Show all posts
Showing posts with label pensions. Show all posts

Wednesday, February 23, 2011

The Debate Over Public Workers’ Rights Comes to California

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Over the past couple of days, the debate over the rights of public workers in America to collectively bargain has spread from Wisconsin, where GOP Gov. Scott Walker proposed tough union legislation last week, to Indiana and now California, where Republican state assemblyman Allan Mansoor (R-Costa Mesa) introduced a bill on Tuesday that would eliminate collective bargaining rights for California’s public school teachers, nurses and every other public worker in the state.

The bill proposed in California likely faces an early death, because the state’s legislature leans heavily Democratic, and Democratic Gov. Jerry Brown has already vowed not to target public workers to help solve the state’s monumental budget woes. Many of California’s Republican lawmakers, however, are calling for dramatic public pension reform as a component of the state’s budget negotiations. Despite the numerical advantage enjoyed by state Democrats in the legislature, Brown still needs a handful of Republicans to cross the aisle before his budget can pass, notes Reuters.

The Commonwealth Club of California has often examined the role of unions in California and across the country, and below are some examples of related material:

–By Ella Arnold

Monday, May 18, 2009

Robert Heller: How to Heal the Financial Markets

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The economy and financial system may look like messes today, but they can be fixed. Robert Heller, a former governor of the Federal Reserve Board and the former CEO of VISA U.S.A., told The Commonwealth Club on April 29 that there were several things that needed to be done to restore confidence in our financial markets.

First, we need to "sharply limit or even eliminate" the ability of certain financial institutions to take speculative positions. Second, let corporations choose a set of rules under which their securities are traded (to, for example, require buyers to hold their securities for a week before reselling them). Third, establish a safe pension system.

Find out how he thinks these things will have an impact. Watch the video:

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