Article

2017-03-03 Economy

Teamsters' Pension Fund Runs out of Money, as predicted

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Posted by Anguper Hupomosing9418 2017-03-03 00:00|| || Front Page|| [11128 views ] Top

#1 The trucking industry — almost uniformly organized by Teamsters — has suffered enormous financial losses in its pension and welfare funds due to a crippling combination of deregulation and stock market crashes, Nyhan said.

With the exception of the above single sentence addressing a possible cause of this issue the entire story is about the effects. The easy answer for this omission of information is the reporter is either lazy or ignorant. A more plausible explanation is the greed, graft, and gross mismanagement angle doesn't fit into their narrative. The clue to this theory is in the subsequent solution line.

The prognosis is bleak minus some new legislative help.

Posted by Slasing Thud5115 2017-03-03 09:04|| 2017-03-03 09:04|| Front Page Top

#2 I would be willing to bet that Joey "the clown and Eddie, "the gatt" plus others with colorful monikers got their "fair" share

Posted by Cheaderhead 2017-03-03 09:13|| 2017-03-03 09:13|| Front Page Top

#3 Jimmy Hoffa was curiously unavailable for comment.

Posted by Pappy 2017-03-03 12:43|| 2017-03-03 12:43|| Front Page Top

#4 "Ace" Rothstein's voice over at the end of some movie about Vegas:

"Once the Teamsters were knocked out of the box..."

Posted by M. Murcek 2017-03-03 12:50|| 2017-03-03 12:50|| Front Page Top

#5 A more plausible explanation is the greed, graft, and gross mismanagement angle

It should be impossible to do a story about the Teamsters, legendary worldwide for corruption, without this angle. Somehow, it happened.

Posted by Raj 2017-03-03 13:40|| 2017-03-03 13:40|| Front Page Top

#6 Arithmetic wins again! Funny, that.

Posted by SteveS 2017-03-03 14:50|| 2017-03-03 14:50|| Front Page Top

#7 Arithmetic wins again! Funny, that.

Are you sure you are taking the entire system into account? ;-)

Posted by gorb 2017-03-03 15:33|| 2017-03-03 15:33|| Front Page Top

#8 All the pols that got Teamster money for their campaigns should have to give it back.

Posted by AlanC 2017-03-03 17:19|| 2017-03-03 17:19|| Front Page Top

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