In states where employees are forced by government to join unions, the dignity of citizens takes a backseat to power. Union bosses crave the money and power they derive from subjugating their forced members, and politicians enjoy the benefits of catering to the bosses by reaping campaign donations. With backing from their bought-and-paid-for politicians, union bosses believe they can act with impunity. An example of that behavior comes out of the International Association of Fire Fighters, where union bosses siphoned off pension money to their own accounts. The National Right to Work Committee … [Read more...]
Archives for December 2020
Does This Signal the Bottom in Oil & Gas Stocks?
In a move reminiscent of Wall Street shutting down their commodities businesses right as one of the greatest commodity booms on record was getting underway, BMO is winding down its U.S. oil and gas investment banking unit. Bloomberg has more on this potential contrary indicator. Bank of Montreal is winding down its U.S. oil and gas investment banking business and will focus on assets in Canada going forward, becoming the latest financial institution to cut ties with America’s beleaguered shale industry. BMO said it has made “the financial decision for an orderly wind-down of our … [Read more...]
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