The state of Michigan apparently does not keep track of the afflictions of state workers collecting disability payments provided by taxpayers.
According to the departments that should be overseeing the program, the state spent $42.8 million in 2011 on disability payments without knowing whether employees are disabled. If true, the state may be breaking the law.
A decade ago, Michigan spent $35.5 million on disability payments. The state has 47,818 current employees [...]
Irvin Goldman, who oversaw risks in the JPMorgan Chase & Co. (JPM) unit that suffered more than $2 billion in trading losses, was fired by another Wall Street firm in 2007 for money-losing bets that prompted a regulatory sanction at the firm, Cantor Fitzgerald LP, three people with direct knowledge of the matter said.
JPMorgan appointed Goldman in February as the top risk official in its chief investment office while the unit was [...]
The White House is on the political offensive, and one of its chief claims is that it isn’t the overregulator of business and Republican lore. This line has been picked up by impressionable columnists, so it’s a good time to consider the evidence in some detail.
Jan Eberly, an Assistant Treasury Secretary, kicked off the Administration campaign with a white paper in October that purported to debunk the “misconceptions” that “uncertainty [...]
Euro Pacific Capital
September 14, 2011
On Tuesday, September 13, Peter Schiff, the CEO of Euro Pacific Capital, www.europac.net will testify before the House of Representatives Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending. The hearing entitled, “Take Two: The President’s Proposal to Stimulate the Economy and Create Jobs” will examine federal job creation efforts. Mr. Schiff, author of many best-selling books including “How an Economy [...]