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Pension Bonds: State and Local Official Should Proceed with Caution

Aaron Kuriloff WSJ Money Beat
Kansas Gov. Sam Brownback wants to make a decades-long bet that pension-fund returns will exceed current interest rates for taxable municipal bonds. “The use of pension bonds impugns an issuer more than a downgrade, because it shows they’re willing to saddle future generations with risk in order to make current budget discussions easier,” says Matt Fabian, a partner at Concord, MA-based research firm Municipal Market Analytics.

Safety Is Life-or-Death, Say Refinery Strikers

Samantha Winslow Labor Notes
So far 3,800 workers are off the job. Non-striking refinery locals are getting 24-hour contract extensions each day. But the unions says, if need be, it will bring more sites out. It's the first national refinery strike since 1980. Back then workers at all represented refineries went out together, and stayed out for three months before they got a deal.

A Bigger Tent: Can Richard Trumka Save the Labor Movement?

Amy B. Dean Boston Review
Trumka’s ambition to create connections between union members and non-union workers is still far from completely realized. Some say those links barely exist, even in blueprint form. Yet, his analysis points to an economy that is hurting all working people. This translates into a focus on immigration reform, ending mass incarceration and challenging inequality.

TONY MAZZOCCHI’S SPIRIT HAUNTS BIG OIL AGAIN

Steve Early Beyond Chron
Oil workers belonging to the United Steel Workers of America put-up picket lines in Northern California, Texas, Kentucky and Washington State this week. It has been 35 years since Tony Mazzocchi helped lead a strike against big oil.

Group Appeals Mandatory Union Fees to Supreme Court

David G. Savage Los Angeles Times
The court case could pose a major threat to public-sector unions whose clout grew in the 1970s after the high court upheld laws requiring all employees who benefit from collective bargaining to contribute to the union. Although teachers and other public workers may refuse to pay dues used to support a union's political activities, they can still be forced to pay a so-called "fair share" fee that covers operation costs.

A Thank You to the Readers of Portside Labor

Portside
The Portside moderators send our heartfelt thanks to our Portside Labor readers, for coming through in response to our annual appeal! This year all Portside readers responded with the largest amount in contributions ever - nearly $19,000.