AIG Bonus Babies Viewed from ‘Bottom of the Food Chain’

Yesterday, we learned that the IRS can conceivably tax even those who returned their bonuses to AIG using the tax law principle of constructive receipt. Today, there comes to light an e-mail sent this past Friday to AIG employees from someone with the screenname of “Bottom of AIG’s Food Chain.” It generally portrays/betrays the angst […]

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Recession, European-Style: More Paid Time Off

I‘m beginning to think this recession, depression, or whatever it is, is going to make Eurosocialists out of all of us, even me who was bred on free market capitalism (and often victimized by it too). There’s a great discussion forum on the New York Times online blog that highlights the differences in approaches across […]

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Ouch, Now That Hurts: Returned Bonuses May Be Taxable!

A tax law doctrine known as “constructive receipt” could put those AIG employees who returned their bonuses in jeopardy of having to pay taxes on them anyway. Goes like this: Constructive receipt prevents people from gaming the system, say by performing work in late 2008 and asking to be paid in 2009 to reduce tax […]

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None Dare Call These ‘The Friendly Skies’

Spirit Airlines will fly you for as little as $9 each way, provided you don’t mind paying extra for choosing your own seat ($9-$20), checking in a piece of baggage ($100 for the third one), or drinking water while in the air (priceless). And if you work for Spirit at its Miramar, Fla., low-rent headquarters, […]

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Not Quite the Pet Rock, But ‘Layoff the Game’ Fits the Times

Someone had to do it, so now we have an online game entitled Layoff to amuse ourselves with as we await our next unemployment insurance debit card refill (while applying online for nonexistent jobs). Not only do you get to lay people off (except for the bankers), but you can merge with other banks and […]

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No Money, No Problem: Health Care Reform Still on Fast Track

Things in the nation’s capital get curiouser and curiouser everyday for those who pay attention to what’s being said and done (and who aren’t the ones actually doing the doings and saying the sayings and those who are supposed to report on them in the Fourth Estate). First, Senator Kent Conrad (D.-N.D.), chairman of the […]

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Sacre Bleu! Managers Held Hostage in France?

Let’s hope American labor leaders don’t read international news reports. Turns out that a new habit is taking hold in France in labor relations. To wit: When employees hear bad news, they hold their manager hostage until s/he changes the bad news. Police refuse to intervene for fear of violence. A manager of a French […]

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Despite Public Bravado, Labor Sees EFCA on Life Support

Pennsylvania Senator Arlen Specter, who in 2007 voted to invoke cloture on the Employee Free Choice Act (EFCA), came out yesterday and said his vote will be “no” this time around. That leaves the Democrats–Labor’s mouthpiece and sometime lackey–with 58 (59 if and when Al Franken arrives) votes to end a sure Republican filibuster. Unfortunately, […]

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Deja Vu All Over Again With Health Care Reform

Two admittedly left-leaning columnists, a married couple (he a pollster, she a lawyer), have produced a comparison of polling results then and now. “Then” refers to the Hillarycare hubbub in 1993-1994, and “now” refers to the Obamacare hubbub in 2009-?. Results are a bit different than you would expect if you listen to or read […]

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Chinese Use Card Check to Unionize All PRC Wal-Marts

I’ve written previously about the card-check union organizing provision in the Employee Free Choice Act (EFCA) now before Congress. It turns out that this is the same method, gathering signatures, that Chinese workers used to set up unions in every Wal-Mart branch in China. This was fairly revolutionary for the All-China Federation of Trade Unions […]

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