Wednesday, April 07, 2010

Cruising the Web

Cheers to the D.C. Court of Appeals that yesterday ruled that the FCC didn't have the authority to regulate the internet. It seems that we still have a rule of laws and bureaucratic agencies can't just assume powers over the economy even though they were never statutorily given such powers.

Ireland has figured out how to cut salaries of public employees. This is what governments should do in times of financial trouble. States and the federal government should follow Ireland's example.

Even the Washington Post is shocked
at the indifference of the Obama administration at the huge sale of arms from Russia to Venezuela. Aren't the Obamanians and those at the State Department aware of how Chavez supports terrorists such as FARC and Basque separatist groups? All they have to do is read the newspaper. Yet they seem blithe about such developments.

Dick Morris and Eileen McGann refute Stanley Greenberg and James Carville's assertion that the GOP has peaked too soon for this year's election.

Why is the Department of Labor thinking of banning unpaid internships? Do they want to make it even harder for young people to gain experience to make themselves appealing for new employers?

Michelle Rhee has reached an interesting deal with the District of Columbia's teachers union. It's an intriguing combination of bonuses for teachers that will be funded by private organizations including the foundation set up by the Walton family. The Walton Foundation normally subsidizes charter schools and other choice reforms in education. In return, principals will have more discretion in deciding which teachers to retain if a school is either shut down or has declining enrollment. Seniority will receive the lowest priority and a teacher's most recent evaluation will receive the most priority. That only makes sense, but it all depends on the honesty of teacher evaluations. Some principals do not devote much effort into those. Now that those evaluations will be key in the age of D.C. school's decline in public school numbers, perhaps they'll wake up those senior, but mediocre teachers with honest evaluations.

1 comment:

Bachbone said...

Amanda Lang (Lang & O'Leary Show on CBC) last night interviewed Jim Leech, President and CEO of the Ontario Teachers' Pension Plan (OTPP). It seems the OTPP is some $17 billion underfunded. Leech assured Lang there was nothing to worry about, because enough funds existed in the system to pay benefits "well into the future." Lang retorted that the ratio of teachers paying into the system would soon be 1.1 for every 1 drawing on the system, making it unsustainable. Leech admitted that was true, but said he was working on a solution. He was careful to avoid exactitude, but it amounted to either the Ontario or Canadian government giving OTPP charge of investing other retirement funds (OTPP has a good record of making money investing the teachers' money). He also hinted that either the Ontario or Canadian government is dissatisfied with the low savings rate of Canadians, and was thinking of making it mandatory for everyone to save a percentage of their earnings. The management of that would also be goven over to OTPP. Lang asked if that didn't seem rather "intrusive" and wondered what Canadians would do about being forced to save. Leech said something would have to be done, because the government could not afford to provide everything for everybody as it had been.

Interesting, wot? I'll bet Obama's ears already are burning. Redistribute from those who don't deserve to have so much to those who need more, let the unions manage it in their pension funds where they can co-mingle the moneys and make them easier to transfer to union retirees (or to steal outright), and do it all in the name of making everyone self-sufficient with their own savings accounts. Even Stalin wasn't that clever.