ALG's Daily Grind - Like day follows night, union corruption continues


August 27, 2014

Permission to republish original opeds granted.

Like day follows night, union corruption continues
In 2013, the U.S. Department of Labor's Office of Labor-Management Standards (OLMS) obtained 97 indictments and 116 convictions of union officials for crimes against their members.

Missing IRS emails were backed up, Justice Dept. admits to Judicial Watch
Judicial Watch president Tom Fitton: "Department of Justice attorneys for the Internal Revenue Service told Judicial Watch on Friday that Lois Lerner's emails, indeed all government computer records, are backed up by the federal government in case of a government-wide catastrophe.  The Obama administration attorneys said that this back-up system would be too onerous to search."

Woodhill: No, Professor Cochrane, the Fed is not getting it right
"The Fed's policy of paying interest on bank reserves (IOR), which is nearing its sixth birthday, makes fulfilling [maintaining a stable dollar] difficult (and, given the Fed's current operating procedures, perhaps even impossible)."