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Labor law, along with other employment-related policy matters, is at the forefront of the political, economic, and oftentimes cultural divide in the nation. With the change in Presidential administrations, some knowledgeable commentators contend that “everything” in the law and broader economy is now up for change, and much hangs on whether the filibuster rule remains viable in the U.S. Senate. Immediate change is likely, including revocation of Trump Executive Orders and issuance of new ones by President Joe Biden, regulatory changes, and possible legislative amendments to the National Labor Relations Act and other laws.
Leon Spinks’ six-month bender did little to help his chances of beating Muhammad Ali in their New Orleans rematch, writes Steve Bunce
IN the minutes before the ring walk a gathering of desperate souls tried their best to act like they had a clue what was going on. They stood in a dressing room, knowing that out there, down the corridor, 63,350 people had packed the New Orleans Superdome to watch the rematch between Muhammad Ali and Leon Spinks; the fans were chanting and booing and drinking. A model stripped at ringside, Rocky took applause. It was heavyweight boxing’s maddest sideshow.
A Conversation With a Union Pension Funding Advocate
One outspoken advocate for the Butch Lewis Act says the time is ripe for addressing the funding challenges faced by union sponsored multiemployer pension plans.
Reported by
Russell Kamp, managing director at Ryan ALM, recently sat down for a wide-ranging discussion with PLANSPONSOR in which he spoke in no uncertain terms about the need to immediately address the union multiemployer pension funding crisis.
For context, Ryan ALM’s stated mission is to solve liability-driven problems faced by pensions and other institutional investors through the provision of “low-cost, low-risk solutions.” Additionally, Kamp himself was on the team of government and industry professionals that drafted the Butch Lewis Act. That legislation would, among other features, provide funds for 30-year loans and new forgivable financial assistance, in the form of government grants, aimed at supporting the most financially troubled multiemployer pens