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Pension

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No More Twinkies: Hostess Brands Going Out Of Business

via Rachel Feintzeig, The Wall Street Journal Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and firing about 18,000 workers as it seeks to liquidate the 82-year-old business. The collapse and probable liquidation of Twinkie-maker Hostess Brands is a … Continue reading

County Judge Strikes Down Wisconsin’s Collective Bargaining Law

via Scott Bauer, The Huffington Post A Wisconsin judge on Friday struck down nearly all of the state law championed by Gov. Scott Walker that effectively ended collective bargaining rights for most public workers. Walker’s administration immediately vowed to appeal, while unions, which have vigorously fought the law, declared victory. But what the ruling meant … Continue reading

Mexico’s Supreme Court: Same-Sex Marriages Performed In Mexico City Must Be Nationally Recognized

via Lester Brathwaite, Queerty Earlier this month, Mexico’s Supreme Court upheld Mexico City’s same-sex marriage law as constitutional, but on Tuesday the court extended the legality of those marriages to all 31 states. So basically, any gay marriage registered in Mexico City has to be honored in all of Mexico. Each state, however, is not required … Continue reading

What The Default Really Means For The U.S. Postal Service

via Devin Leonard, Businessweek The U.S. Postal Service essentially went broke yesterday. It skipped a $5.5 billion payment to the U.S. Treasury for future retiree health-care payments and said it would do the same early next month when another $5.6 billion is due. This comes as no surprise. The USPS has been losing $25 million … Continue reading

Wisconsin Heads To Polls In Recall Election

via Douglas Belkin and Caroline Porter, The Wall Street Journal Wisconsin voters headed to the polls Tuesday to decide whether to recall Republican Gov. Scott Walker in a bitter dispute over his efforts to curb unions that could affect the presidential race and influence policy toward organized labor nationwide. More than $60 million has flooded … Continue reading

Illinois’ Budget: From Worst to ‘Worster’

via Steven Malanga, Real Clear Markets What could be worse in Illinois right now? It’s November and ‘Da Bears’ are barely above .500, while the hated Packers are undefeated and the Lions (the Lions?!) are positioning themselves for a playoff run. Here’s what could be worse. Illinois’ state budget, filled with gimmicks, constructed for years … Continue reading

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