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The Pension Crusades

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September 27, 2009
The Pension Crusades

Activity has started up on the pension front as the fall begins. The summer was a little slower as everyone took a well needed break from what had happened in the economy over the past year. Last week on a personal level there were some successes in the pension crusade and some disappointments. A...
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The High Cost of Government

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September 18, 2009
The High Cost of Government

In the Vancouver Sun today there was an article today from Veldhuis at the Fraser Institute. He notes that in BC the Finance Minister pointed out in a speech, “provincial health spending has risen by 45 per cent” since 2002. And that there was a 4.9-per-cent increase over last year’s total spending of $38.3...
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Pensions battle for profits

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September 12, 2009
Pensions battle for profits

Earlier in the week my Pension Socialism blog touch on the large ownership interests that pension have in our country. One of the threats that I see is the large pools of capital that are being accumulated and invested by public sector pension plans. They love monopoly or oligopoly type investments. Profits are high...
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The Socialism of Pension Funds

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September 9, 2009

Some of my earliest research into pension funds led me to the writings of Peter Drucker. He envisioned in the 1970′s that a move towards power in the hands of the worker through their ownership of the means of production. This ownership would be controlled by worker’s pensions. The 1970′s were the beginning of...
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Unions have the spotlight for Labour Day

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September 8, 2009
Unions have the spotlight for Labour Day

Labour Day is a good time to remember the workers in our society who are the backbone of Canada. There have been many songs dedicated to the average on the street worker. We like to think of labour as the type of worker personified in the Garth Brooks song – American Honky Tonk Bar...
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Pension changes ahead this fall

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September 7, 2009
Pension changes ahead this fall

The climate is ripe for changes in pensions in Canada and throughout the developed world. This fall numerous government and public policy groups will be examining, dissecting and discussing pension reform. Leo at the Pension Pulse reported on a BBC report about the Labour party proposing limits to the amount of pensions that public...
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B.C. throne speech signals public sector instability

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August 29, 2009
B.C. throne speech signals public sector instability

It is always interesting to watch the press releases from one of Canada’s major unions, the NUPGE. Despite the current economic times they steadfastly refuse to sacrifice for the economic well being of Canada. The most recent comment from the NUPGE (National Union of Public and General Employees) is called B.C. throne speech signals...
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August 18, 2009

There are a few groups that are fighting for taxpayers to make sure that government stay accountable to the taxpayer. One of the groups that I respect is the Canadian Taxpayers Federation. Occasionally they bring an interesting pension situation to my attention. A pension they brought to my attention is the Saskatchewan Healthcare Employees...
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Union Dust up!

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August 12, 2009
Union Dust up!

Unions have taken advantage of poor economic times to strong arm governments into luxurious settlements. It is a strategy that may have been misdirected. Especially as we are just around the corner from a major pension war. Recently the NUPGE The National Union of PUBLIC and General Workers published an article complaining about the...
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Pension Reform in California

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August 3, 2009
Pension Reform in California

California has always been a bell weather state for most trends that travel across North America. The pension crisis is a new trend where California has become the leader. California is the largest state and its pension funds are the biggest in the country. The population in California population is larger than Canada. The...
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