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4 days 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

So are their owners and stockholders...such as pensioners...ironic.

Posted 57 days ago.

BeRight

abby: Don't you know all corporation are evil?

Posted 57 days ago.

absolem

I called whirlpool headquarters to ask how many are employed at the .headquarters...there was no answer. Feel free to pursue this Avenue if you desire. The city was failed by the decisions of its leadrrship.

Posted 57 days ago.

absolem

You and OWO should take a gander at the independent audits as well as the findings by the emergency manager the pdf files are online and easily retrieved with minimum effort.

Posted 57 days ago.

absolem

Mod....read about the abatement deal. Whirlpool cuts the city a check for $300,000.00 yearly until they reach $3.8 million which offsets the abatement minus $71,000.00. The facility that they closed made parts for obsolete product.

Posted 57 days ago.

moderation

And they moved jobs offshore.

Posted 57 days ago.

moderation

They haven't paid taxes since 2008

Posted 57 days ago.

absolem

Moderation.....and?????

Do they not employ people and pay taxes?

Posted 57 days ago.

moderation

absolem- that headquarters is a luxury waterfront community including a golf course. Hmmm.

Posted 57 days ago.

absolem

OWO....great question. It appears that they had JP Morgan managing their pensions. I feel certain that union leaders were aware of the status of the pension programs and the administration thereof. Under the emergency manager, they joined the states pension program. The report of the audit as well as a thorough reading of the emergency managers report reveals a city lead by fools.

Posted 57 days ago.

No Abby , what was the change that caused these people who were in charge of these pensions to blatently risk money that had no business being in the market in the first place ?

Posted 57 days ago.

absolem

An addendum to my post. In 2010 Whirlpool closed a facility in Benton which displaced 216 workers. Now that would affect the city....but it should not have caused the financial calamity they found themselves in.

Posted 57 days ago.

absolem

Moderation....from what I have read...no. Whirlpool actually received a net tax abatement of $71,000.00 in exchange for building a $68 million dollar headquarters in Benton. This is from WNDU television Website. Dated October 18, 2010.

Posted 57 days ago.

absolem

OWO....nothing happened my fried...I just needed to go for the evening. I should have been more time conscious in my statement...sorry.

Posted 57 days ago.

moderation

Do you think the whirlpool tax abatements had anything to do with the city's demise,absolem?

Posted 57 days ago.

What changed Abby ?

Posted 58 days ago.

absolem

Fella's...i'm out of here...take care and i hope to talk with you all soon.

Posted 58 days ago.

absolem

OWO...i think that greed had less to do with it than the distaseful nature of local city council having to increase taxes, permits, or fee's to cover the shortfall in what is paid in and what is paid out. the only way to gain money is to take it or be given it. you should be well aware of how it works. tsk..tsk

Posted 58 days ago.

50 years ago it would have been unheard of risking pensions in the stock market , greed changed that and the little guy got hurt !

Posted 58 days ago.

absolem

policy for custodial credit risk. At year end, investment securities of $11,577,619 were uninsured and unregistered, with securities held.

JPMorgan Chase Bk Diversified Plus Fund - Police and fire pension $ 7,478,519 100%

JPMorgan Chase Bk Diversified Plus Fund - General pension 4,099,100 100%.

Posted 58 days ago.
 
 
 
 

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