UNION PENSIONS - IVAN OSORIO
Forbes.com:The Pension Benefit Guaranty Corporation's Real Crisis
On February 1, American Airlines—which declared bankruptcy last November—announced plans to end defined benefit pensions as part of its Chapter 11 restructuring plan. If approved by bankruptcy court, the airline would turn over its defined benefit pension plans to the Pension Benefit Guaranty Corporation (PBGC), a federally chartered agency that insures private sector pensions.
Offloading pension liabilities would help American Airlines’ restructuring efforts, but it would place enormous strain on the PBGC, which last year reported a $26 billion deficit. If the agency takes on American Airlines’ pensions, that deficit could grow to $35 billion. > Read the full commentary on Forbes.com
AIRLINE CARBON TAXES - MARC SCRIBNER
Openmarket.org:Airline Carbon Taxes: The EU vs. the World
CEI Podcast for February 23, 2012: Global Warming and Mass Movements
Have a listen here.
In 1841, the Scottish writer Charles Mackay observed, ” the cup of life is not bitter enough to our palate, and we distill superfluous poison to put into it, or conjure up hideous things to frighten ourselves at, which would never exist if we did not make them.” CEI Warren Brookes Fellow Matt Patterson believes this glass-half-empty aspect of human nature applies directly to today’s global warming debate.
HUMAN ACHIEVEMENT HOUR
Saturday, March 31
HAH is an annual event to recognize and celebrate human achievement and innovation. During the hour, participants are asked to listen to music, surf the internet, have a glass of beer, and generally enjoy the fruits of the human mind which would not have been possible in a world where conservation restrains advancement.
HAH can be celebrated anywhere from 8:30pm to 9:30pm. In addition, CEI will be hosting a celebration at our headquarters in Washington, DC and live streaming our event online.
Join the HAH Facebook group.
Ten Thousand Commandments
By Wayne Crews
Welcome to The Other National Debt -- The Cost of Regulation
-> Read Today's Decrees
CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government. For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org. Follow CEI on Twitter! Twitter.com/ceidotorg.