http://www.themeyersreport.com Sat, 28 Aug 2010 17:10:30 +0000 http://backend.userland.com/rss092 en 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. ... http://www.themeyersreport.com/?p=488 by James Hendricks, Esq. Business owners with union contracts, pay attention. Companies that lay off workers and have partial withdrawal liability may find themselves faced with a new but old weapon being resurrected by union pension fund counsel. There is a little known provision in ERISA that allows a union pension fund ... http://www.themeyersreport.com/?p=486 by Gary S. Meyers and L. Steven Platt The Meyers Report got it right again. Just as we had predicted in our June 14th, 2010 newsletter, Rod Blagojevich was convicted on only one minor count out of a 24 count indictment; his brother was convicted of none. The jury was hung ... http://www.themeyersreport.com/?p=484 by Gary S. Meyers and L. Steven Platt Home prices are still 28% or more from their peak in April of 2006, according to the HPI (Home Price Index) of San Francisco-based CoreLogic. However, prices in some states are showing a modest increase over the past four months. Of the major metro ... http://www.themeyersreport.com/?p=482 by Gary S. Meyers and L. Steven Platt The Illinois legislature recently increased the remedies available to employees under the Illinois Wage Payment and Collection Act (WPCA). The amendment, which takes effect January 1, 2011, strengthens an employee’s ability to bring claims against employers who fail to timely pay an employee’s ... http://www.themeyersreport.com/?p=480 by Gary S. Meyers and L. Steven Platt By force of habit, people tend to think that trends must always continue, even when we all know that change is inevitable. That’s why when home prices and the real estate market were rocketing skyward, investors thought it would never end—and then it ... http://www.themeyersreport.com/?p=478 by Gary S. Meyers and L. Steven Platt We are getting reports of increased construction orders coming in from around the country. We also are hearing about increased business-to-business activity that is looking for financing and finding some relief from asset based lending and other non-bank sources. http://www.themeyersreport.com/?p=476 by Gary S. Meyers and L. Steven Platt The new home building market is showing no improvement. “The guys who were hoarding cash are now showing up to buy finished land. There still is no economic reason to buy raw land, because finished land is cheaper than the cost of improving ... http://www.themeyersreport.com/?p=474 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 ... http://www.themeyersreport.com/?p=471 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 ... http://www.themeyersreport.com/?p=469