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1 day ago.
by absolem
rocker
#1

Daily breaking news and news the liberal media doesn't want you to know, won't report, or just daily news issues.

Americans for many years have had to rely on left leaning biased news reporting from liberal media such as NBC, ABC, and CBS and the New York Times. As most of these outlets struggle to remain on the air and in print, the new media is flourishing and people are hearing both sides of the issues. This forum will provide people with a place to discuss daily news issues of any kind or discuss articles not printed or aired by the liberal news outlets.

 
 

Member Comments

absolem

Moderation...i did a review of the audit conducted in 2009. below you will find the pertinent and condensed informaton regarding the two pensions and the amounts as well as where there were invested. while almost 12million is alot of money, it is hardly an amount that should sink most credit worthy cities as they could always sell bonds to recoup any loss. please note the classification of the investment.....perhaps in the macro sense, you are correct in one aspect...maybe more...that this indeed did uncover the cat poo in the litter box. but like many other cities within Michigan, fudiciary duties and fiscal management seem foreign to many democratically led cities....just an observation.

Custodial Credit Risk of Investments - Custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. The City does not have a p

Posted 55 days ago.

BeRight

I can't believe the Republicans let Romney speak out against Trump and possible tax problems of Trump.

Romney hasn't paid any taxes in ten years. That must be true since Harry Reid said it,

Posted 55 days ago.

moderation

I guess IT would have been discovered at a later date had we not had the collapse.?

Posted 55 days ago.

absolem

Breath taken.....it appears that they could have used you without spending time on audits and investigations of public malfeasance on the part of the elected officials. Denial and the inability to reel in the comfy perks afforded to the gravy trough of unfunded liabilities as well as non payment of employee payroll taxes...there alot more......

Posted 55 days ago.

moderation

Take a breath absolem,... the real collapse was directly associated with the cds's and the leveraging of the buck by as much as 40:1, was it not? Who made the big bucks at the selling of that prime property? Never let a crisis go unexploited.

Posted 55 days ago.

BeRight

Why we will just take those millions of dollars and invest them in the stock market and the payments will make themselves...............Got news for you. Pension money is already invested in the stock market.

Posted 55 days ago.

And coaldust , the duly elected officals had nothing init , the republinutz "emergancy managers " were the ones with the purse strings , so they alone bear the blame !

Posted 55 days ago.

And on top of that we will get kickbacks from those investment companies and the managers will make out from it ! So you see it not quite as clear an issue as you righties make out !

Posted 55 days ago.

I see a need for some education ! Pension and benefits were fine for 45 years and only when the powers that be thought they found a way around those pesky monthly payments to pensions and benefit packages did we start to see problems !Why we will just take those millions of dollars and invest them in the stock market and the payments will make themselves !

Posted 55 days ago.

Caspiansynn

Shopsteward, I also collect Boker knives and still daily carry a Barlow style Boker my Grandfather gave me used in 1973. In the last few years I have began collecting home made and artisan knives found online or at flea markets, the uniqueness of them attracts me. I have also been dabbling in making some myself, just for fun.

Posted 55 days ago.

Coaluser

The former mayor of Flint as well as the current one (both democrats) tried unsuccessfully to blame the rep. gov of Mich. The gov. of Mich tried to get funds from the fed gov and that was turned down so I guess Obama should now be blamed. hey?

Posted 55 days ago.

absolem

The leaching of lead or copper was caused by the lack of applications of phosphates...namely corrosion inhibitors. They create a film that encases the lead as well as the interior of the pipes. This is mostly done to control the deterioration of distribution lines....it just so happens to benefit those with outdated piping and solders.

Posted 55 days ago.

absolem

Btw Harris was replaced and the financial issues are still problematic.

Posted 55 days ago.

absolem

Mod...what was that Benton Harbor thingy?.....the fiscal mismanagement by the democratically allied with the AFL-CIO city leadership icluding the massive unfunded benefit program for the employees as well as a various malfeasance by elected officials.

Posted 55 days ago.

The Scandal of Michigan's Emergency Managers | The Nation

www dot thenation dot com

Posted 55 days ago.

moderation

What was that Benton Harbor thingy.....!?

Posted 55 days ago.

moderation

Don't forget the real estate that changed hands, y'all.

Posted 55 days ago.

Conscious decision made by republinutz to go around the duly elected local officals in an effort to save money is why this will last a long , long , time !

Posted 55 days ago.

BeRight

Yup. Maybe they should appoint Kwame Kilpatrick as interim Gov so he could work his Detroit magic.

Posted 55 days ago.

moderation

Kabar has always produced a fine product. I just never consciously collected any particular make/brand.

Posted 55 days ago.
 
 
 
 

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