Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those…
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Some Potentially VERY Good Economic News

Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those with "skin in the game," and who likely possess the best perspective, are betting heavily on an upturn, as highlighted by Friday's Wall Street Journal:

Corporate insiders are buying stock in their own companies at a pact not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.  More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March.  That's the third-highest level on both an individual and dollar basis since 1988, according to the Washington Service, which provides data analytics about trading activity by insiders."

Here's why that's important:

Because insiders typically know the…[more]

March 30, 2020 • 11:02 am

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Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
Union Coffers Dwindle Following Supreme Court Decision Restoring Worker Freedom Print
By Timothy H. Lee
Thursday, August 23 2018
[U]nions' efforts to rationalize compulsory agency fees from non-members as work-related never passed the laugh test.

It's amazing what happens when people finally enjoy a greater degree of individual freedom. 

Also, we now know why union leaders and leftist politicians fought so tenaciously for decades to deny that individual freedom to captive employees. 

Specifically, it appears that when unions must actually receive permission before extracting dollars from the paychecks of non-member employees who oppose the unions' political activities, those workers immediately respond with a resounding, "Thanks, but no thanks." 

That's the harsh reality suddenly confronting public sector labor unions across America, in the wake of the historic U.S. Supreme Court ruling in Janus v. American Federation of State, County and Municipal Employees (AFSCME) two months ago. 

In Janus, the Court finally ruled that public-sector labor unions can no longer force unwilling non-member employees to pay so-called "agency fees" from their paychecks to cover what the unions dubiously label collective bargaining activities.  In the case of Janus, that amounted to 80% of full union membership dues. 

In a 5-4 decision that shouldn't have been that close, the Court held that those compulsory dues violate the First Amendment: 

Forcing free and independent individuals to endorse ideas they find objectionable raises serious First Amendment concerns. That includes compelling a person to subsidize the speech of other private speakers. 

For decades, union leaders and their apologists rationalized compulsory agency fees from non-member employees by claiming that they merely covered work-related union activities. 

The open secret, of course, was that those fees were largely diverted toward unions' political operations. 

Consider AFSCME, the union at issue in the Janus case. 

In 2017, its membership totaled 1.3 million, and it spent $35 million on organizing and representation activities, according to the U.S. Department of Labor.  Its spending on political activities, however, totaled approximately $27 million. 

That's a lot more than 20%.  The plaintiff in Janus was obviously involuntarily subsidizing AFSCME's political operations. 

Or consider the American Federation of Teachers (AFT), which steers the proceeds it collects toward everything from the Clinton Foundation to Al Sharpton's National Action Network to global warming alarmists.  AFT claims 1.6 million members, and spent $75 million on collective bargaining in 2017, but its political spending totaled $40 million. 

And then there's the National Education Association (NEA).  With 3 million members, it spent $44 million on actual organizing and member representation in 2017.  But get this  it spent over $53 million on political activities. 

That's just a sample, but it illustrates the hyperpartisan nature of labor unions and their bosses. 

And whenever you hear unions claim that they're simply engaging in political activity in the same way that corporations do, it's worth pointing out an important difference.  Namely, corporations tend to split their political spending closer to 50/50 between Democrats and Republicans.  Unions, in contrast, spend over 90% of theirs on Democrats and leftist candidates and organizations. 

Accordingly, unions' efforts to rationalize compulsory agency fees from non-members as work-related never passed the laugh test. 

Unfortunately for them, that party is quickly ending in the wake of the Supreme Court's Janus ruling in June. 

In the 22 states where non-unionized public employees were previously required to pay agency fees, governments have stopped collecting.  In Pennsylvania, 24,000 state workers who paid $6.6 million in 2017 are no longer having agency fees docked from their paychecks, while 31,000 New York state employees are no longer on the hook for the nearly $10 million they paid last year. 

And that's just state employees.  Once municipal employees are included, public sector unions will lose $112 million in agency fees from 200,000 combined state and local workers they received in 2016 in New York alone. 

Nationwide, that means hundreds of millions of dollars that unions can no longer spend on leftist candidates and causes, now that they can no longer force unsympathetic non-members to subsidize them. 

For the individual workers themselves, they now enjoy hundreds or even thousands of dollars each year that are no longer involuntarily subtracted from their paychecks.  That's a significant loss for far-left politicians and activists, but a significant gain for the broader U.S. economy and individual workers. 

But unions aren't giving up. 

Across America, labor leaders are demanding that members continue to pay dues until their membership agreements expire, regardless of the Janus ruling.  Workers, in contrast, are suing in order to immediately resign and retain more of their hard-earned dollars. 

Unions will obviously scratch and claw to retain whatever amounts they can to keep subsidizing leftist political activities.  But as we're already witnessing, their ability to leverage unwilling non-members' earnings to do so have reached their end. 

Question of the Week   
Which one of the following pandemics caused the largest number of deaths in the 20th Century alone?
More Questions
Quote of the Day   
 
"To characterize Biden's response to the most serious and immediately pressing issue of our time as a series of featherweight banalities would be an insult to the oeuvre of Rupert Holmes.Biden has called for - imagine this! - 'a decisive public-health response.'Biden proposes to respond decisively with a combination of platitudes ('restoring trust, credibility, and common purpose'), wishful thinking…[more]
 
 
—Kevin D. Williamson, National Review
— Kevin D. Williamson, National Review
 
Liberty Poll   

Who is most to blame for the delay in passage of the critical coronavirus economic recovery (or stimulus) bill?