Skip to main content

Information is power. Our mission at Portside is to seek out and to provide information that empowers you -- that empowers the left. Every day we search hundreds of sources to connect you with the most interesting, striking and useful material. Just once a year we appeal to you to contribute to make it possible to continue this work. Please help.

 

labor

The Politics of Pensions: No Bailout for You

Marc Dann and Leo Jennings III Working Class Perspectives
Federal officials have floated a number of proposals for dealing with the dilemma of underfunded multi-employer pension plans.  Most have one thing in common: they punish the innocent victims. The contrast with the bailout of bankers is striking.

Musicians’ Pension Fund Says It’s Going Broke

Steve Wishnia LaborPress
More than 120 multiemployer pension funds—plans that cover workers who regularly work for different employers, largely in trucking, mining, construction, and entertainment—are considered in danger of insolvency. They cover about 1.3 million workers.

labor

The Mirage of Pension-Fund Activism

Bob Farkas Jacobin
Pension-fund activism is a dead-end. Organizing and empowering workers is still the only way to revive the labor movement.

Tidbits - October 26, 2017 - Reader Comments: Superstorm Sandy - March for Climate Action Now; Institutions Financing White Nationalism; Che Guevara; Balfour Declaration; Harvey Weinstein; Indonesian Slaughter; announcements; and more...

Portside
Reader Comments: 5th Anniversary of Superstorm Sandy-March for Climate Action Now; I Hate When They Say "He gave his life for his country"-Adm Gene Larocque; Che Guevara; Harvey Weinstein’s Crimes; Solidarity with Striking Workers at Charter/Spectrum

California Pension Fund Gives the Boot to Hedge Funds

Dean Baker Al Jazeera America
Investment of public money needs transparency and accountability. The CalPERS decision to end hedge fund investments should be a clarion call for pensions to re-examine their relationship with these and other nontraditional investment instruments. Trillions of dollars of public money as well as the retirement security of millions of workers are at stake.

The Hedge Fund That Ate Chicago

Les Leopold Alternet
Why does a millionaire mayor and a billionaire hedge fund CEO team up to attack public pensions? Because that's where the money is.
Subscribe to pension funds