by Gary S. Meyers and L. Steven Platt
Senator Bob Casey (D-PA), as reported in the Wall Street Journal, has introduced legislation that would put the burden of underfunded union pension plans on the Pension Benefit Guaranty Corporation (PBGC), the equivalent of the FDIC, and have taxpayers pick up the tab. However, Casey and the others [...]
09 Aug
Posted by: gmeyers in: Economy, Ethics, Leadership, Politics
by Gary S. Meyers and L. Steven Platt
The federal government has pumped almost two trillion dollars into the economy and yet unemployment is roughly at 10%. Job losses have been so severe that it would take us until 2012, or later, to recover the jobs lost in the last year even if the economy fully [...]
by Gary S. Meyers and L. Steven Platt
Good news. Steel sales are good and they are going for domestic manufacturing of automobiles for export to China. GM is the beneficiary of this large increase in Chinese buys. The hot brands that the Chinese want are the Chevy Malibu and Buick Regal.
These export sales are enabling [...]
by Gary S. Meyers and L. Steven Platt
A “Fair Trade” bill is currently pending in Congress to make changes to this country’s open-ended free trade policy most visibly exemplified by the North American Free Trade Agreement (NAFTA).
This agreement between the United States, Canada and Mexico took effect on January 1, 1994, with the “promise” of [...]
by Gary S. Meyers and L. Steven Platt
It is nothing short of amazing how our government repeats past errors…and calls it change. Consider this history:
June 1973. While sitting with Max Eisenstein, an owner of Terminal Construction (aptly named), one of this column’s authors asked, “What market research and product planning did you do before starting [...]
12 Jul
Posted by: gmeyers in: Banking, Economy, Housing, JOBS, Leadership, Politics
by Gary S. Meyers and L. Steven Platt
Wonder why there are fewer ads promoting new homes for sale? Or, why more homebuilders are going out of business? The reason is the same all across the country; no one is buying new construction. According to the Greater Chicago Market Report, a 35-year old cooperative activity report [...]
21 Jun
Posted by: gmeyers in: Banking, Economy, Foreclosure, Housing, Leadership, Mortgage, Politics
by Gary S. Meyers and L. Steven Platt
Municipalities The current recession has had an enormous impact on local municipalities. Local governments traditionally count on revenue from impact fees for residential and commercial real estate projects that are simply not happening. They also are getting hurt badly by reduced retail sales taxes as stores go out [...]
It appears that the Obama Administration has finally found an issue where there’s bipartisanship. There is bipartisan silence on the leaking oil well in the Gulf. Who says Democrats and Republicans can’t agree on anything?
The Stolen Valor Act would make it a crime punishable by up to six months in prison to make inaccurate or misleading statements about one’s military service record.
01 Jun
Posted by: gmeyers in: Economy, Ethics, Leadership, Politics
by Gary S. Meyers and L. Steven Platt
In the 1960’s and well into the 1970’s it was sport to laugh at the Eisenhower Administration as a do-nothing Presidency. People joked that someone else must have written his “beware the military-industrial complex speech,” because good ‘ol Ike couldn’t put two sentences together without stumbling.
It turned out [...]