Archive for May, 2012

Social Security and Medicare Trustee Reports Paint Bleak Picture

Tuesday, May 29th, 2012 Leave a comment

Solvency problems worsening for Social Security and Medicare:

Source: The Wall Street Journal

Hat Tip: The Big Picture

Categories: Economics Tags: ,

Unionization by State (2011)

Monday, May 28th, 2012 Leave a comment

Unions – you either love them or hate them. As of 2011, the total U.S. workforce was 13.3% unionized. Below is a graphic showing the unionization rate by state, courtesy of Floating Path.

Source: Center for Economic and Policy Research (CEPR)


Key takeaways:

  • Most unionized state – New York (26.4%)
  • Least unionized state – North Carolina (4.4%)
Categories: Economics, Employment Tags: ,

President Barack Obama’s Odds of Being Re-Elected in 2012

Monday, May 28th, 2012 1 comment

Source: Intrade

According to Intrade, President Obama is still the odds on favorite to win the upcoming election at 58%. We’ll see how this election play out.

Hat Tip: The Big Picture

NLRB Member Resigns Over Leak to G.O.P. Allies

Monday, May 28th, 2012 Leave a comment

It seems that we had a pattern of resignations regarding key organizational members this past weekend. The National Labor Relations Board announced yesterday that one of its five members, Terence F. Flynn, had resigned after the board’s inspector general found that Mr. Flynn, a Republican, leaked documents to G.O.P. allies.

According to The New York Times, the N.L.R.B.’s inspector general, David P. Berry, issued a report in early May that found that Mr. Flynn had committed serious ethical violations by leaking drafts of board decisions and details of internal deliberations to Peter Schaumber, a former labor board chairman who had been co-chairman of Mitt Romney’s labor advisory committee.

After Mr. Berry issued his report, Mr. Flynn’s lawyer, Barry Coburn, acknowledged that Mr. Flynn’s actions did not reflect “perfect judgment in every instance.” Despite Mr. Flynn’s questionable judgment, Mr. Coburn said Mr. Flynn’s actions had not been illegal and that there was “not a shred of evidence that they were undertaken for any improper purpose.”

It should be noted that the Flynn case has been referred to the Justice Department for investigation and to the Federal Office of Special Counsel, which is looking into possible violations of the Hatch Act, which bars federal employees from participating in partisan political activity.

RIM’s Chief Legal Officer Resigns (Reuters)

Monday, May 28th, 2012 Leave a comment

It has been quite some time since I last updated FTG, but I am excited to get back to blogging again. The last month and a half of the semester was extremely busy for me as I was bogged down with classes, interviews, extracurriculars, and finals.

With that said, I thought it was interesting to read that RIM’s CLO, Karima Bawa, is resigning as the Blackberry maker continues to struggle with stiff competition from Apple and Google (RIM’s shares have fallen about 75 percent in the last year).

During her tenure with the company, Ms. Bawa litigated numerous patent disputes and helped write many of RIM’s commercial deals. However, despite her resignation, Bawa planned to stay on to support the hiring and transition of a replacement.

According to Reuters, more layoffs are expected this year as RIM prepares to launch BlackBerry smartphones run by an operating system completely different from that used in its legacy phones.

Categories: Law, Technology Tags: , ,