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The Chilean Model

1:57 pm in Economic News by acai_berry

Pensions: Nearly 30 years ago, on the very day Ronald Reagan was sworn in as U.S. president, Chile became the first nation to privatize its social security system. Three decades hence, it has surpassed all expectations. Decades ago, Chile’s then-military dictatorship shuddered at a proposal from then-Labor Minister Jose Pinera to privatize Chile’s liability-laden pension system. The military men argued that the public was too ignorant to manage

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by AAlex

Bloody Snow

4:45 am in Economic News, General News by AAlex

Big Labor: A New York City councilman has exposed that labor bosses don’t need “On the Waterfront”-style corruption to kill innocents. Sometimes all it takes is a snowstorm. It is well over a half century since Elia Kazan revealed the dark underside of organized labor in his Oscar-winning film starring Marlon Brando and Lee J. Cobb, based on a lengthy Pulitzer-Prize-winning series of articles by New York Sun investigative reporter Malcolm Johnson

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