Tag Archives: ethics

Who Drove the Settlement?

Posted on by
Reply

Centerview Partners, a niche investment bank, agreed to settle a lawsuit brought by an intern who claimed she was terminated improperly over a disability she said she had. As is usual in many civil suits, the terms are unknown. The settlement came just before the trial was due to start, and

just a few days after the judge seemed to cast doubt on [Kathryn ] Shiber’s ability to claim the millions of dollars in compensation. During a pretrial conference Thursday, the judge said at one point that it would be improper for the jury to consider what she would have earned had she stayed at Centerview beyond the three-year program.

That timing raises questions in my suspicious pea brain, primary of which is who was the motivator for the settlement. Was it Centerview, looking to avoid the potential of an enormous payout to Shiber? Was it Shiber, who was satisfied with the settlement terms, whatever they are? Was it her lawyers, who in a fee-seeking imperative, bailed on Shiber since they no longer would be guaranteed their own enormous payout cut from those millions of dollars in compensation that otherwise would have been available to get access to?

Enquiring minds want to know.

A Cynically Irrelevant Argument

Posted on by
Reply

Here’s the lede:

A coalition of climate and health organizations sued the Environmental Protection Agency on Wednesday in an effort to combat its repeal of a landmark climate finding.

Because of course they do. The landmark climate “finding” that has been repealed is the finding that plant food in the form of atmospheric CO2 actually is a pollutant. That fiction has expanded costs of living for us American citizens for decades, and its removal is good riddance. Nevertheless, the climate funding industry is waxing hysterical over the nation’s turn toward rationality.

Their suit proceeds, cynically, from an irrelevancy. Peter Zalzal, of the Environmental Defense Fund:

Repealing the endangerment finding endangers all of us. People everywhere will face more pollution, higher costs, and thousands of avoidable deaths.

Even were that true—it isn’t—it’s irrelevant. The question is an economic, and so a political, one. Our courts have no jurisdiction for hearing this argument. Our judges and Justices are bound by our Constitution and their oaths of office to uphold and defend it, and by their oaths they’re further constrained to rule based on the text of any statute that comes before them. They cannot, legitimately, rule based on what they wished our Constitution and statutes said, nor can they, legitimately, rule based on their personal views of what’s good or bad for our society.

This sort of suit should be tossed at the outset, with prejudice, and with sanctions on the lawyers and their employing firms for bringing frivolous suits.

California Teacher Strikes

Posted on by
Reply

More accurately, teacher union strikes in California.

A wave of teacher contracts is up for renegotiation now, thanks to a strategy the unions implemented a few years ago to synchronize expiration dates. Dozens of California school districts are in talks, with some already at an impasse or in mediation.
…
By coordinating negotiations across the state with the threat of strikes, the unions aim to escalate funding battles from local school boards to the state legislature, said David Goldberg, president of the California Teachers Association, a union representing more than 300,000 educators. …
“This resets the power dynamic,” Goldberg said.

There’s this, too:

Total enrollment in the district has fallen by about 37% since 2018-19 to just over 390,000 students, officials say. Over that span, the number of teachers has held steady at around 25,500 while overall staffing has increased 15%.

Can you say “featherbedding,” boys and girls?

Kids’ public school education would suffer from a strike prolonged by school boards’ refusal to deal with unions “negotiating” in blatantly bad faith? How would anyone tell the difference? Kids in California already are afflicted by an education regime in those public school environments that’s so bad as to border on child abuse.

School boards need to screw their collective courage to the sticking post and tell the unions and their baldly excessive demands to go…pound sand.

The Left’s Mantra

Posted on by
Reply

And I offer an equally oft-repeated alternative.

The Left wants to ever more heavily tax the rich, and their Progressive-Democratic Party politicians can’t conceive of any taxing or spending alternative. Conservatives want to lower taxes and cut government spending. A current example of the former is playing out in California.

Federal cuts to the state’s Medicaid program will leave its health system short of billions of dollars. A California healthcare union wants an emergency, one-time 5% levy on the wealth of any resident worth over $1 billion to plug the hole.

Those Federal cuts are a small and rare spending cut victory. Raising taxes on the rich (for those who truly think that 5% tax is a one-off, I might have some beachfront property north of Santa Fe that might interest you) is the only answer Progressive-Democrats and rent-seeking union managers can think of.

The Wall Street Journal‘s news writer is cut from the same cloth. She opened her piece with this:

The risk is that the US economy becomes increasingly dependent on a narrow group of very rich households, whose spending is tied to the performance of the stock market. This could mean the entire economy pays a steep price in the next market correction.

It’s inconceivable to the denizens of the Left that alternatives exist. There are two—closely intertwined—that come readily to mind. In no particular order, they are cutting tax rates and cutting government spending.

Don’t just willy-nilly do allegedly targeted tax cuts, instead, lower the tax rates on the bottom 80% of us tax payers to the level paid by the top 20%. An easy, but all too difficult politically, way to do this is simply to reform our tax code to charge a single low flat rate on all income regardless of source—a rate in the range of 10%-15% on the sum of an individual’s income from all sources. Of course, that would include the market value of stock options on the date of an award’s vesting and other such moves to transfer income from W-2 forms into other venues. That guarantees all of us are paying the same rates and it eliminates the news writer’s plaint: that claimed dependency of the government on tax revenue from the rich.

The other component of the intertwining is to reduce government spending. Exercise true fiscal discipline, and spend taxpayers’ money only on those things truly, critically needed; stop spending on the nice-to-have goodies.

A wealth gap will still exist, but that’s neither good nor bad in itself. The gap—especially under the more equitable tax regime—is, and would be, the result of differences in luck, work ethic, and innate talent. The increased economic mobility that would obtain also would have folks on the lower rungs moving up the economic ladder as their fortune, ethic, and talent have it, and folks on the upper rungs moving down as their fortune, ethic, and talent have it.

An Idiotic Move

Posted on by
Reply

It turns out that Hennepin County, MN, has some 3,000 persons on its registered voter rolls that are missing key identifying data, such as birthdates, names and addresses. Many of those incomplete records suggest a registered voter age of more than 100 years including many with birth years listed as 1900. According to Alpha News, though, that bogus birth year was just a placeholder, since Minnesota law did not require a birth date before 1983.

That’s just idiotic, though. It would have been simple enough to set the “placeholder” year to 1962, so those voters, for good or ill, could be adjudged old enough to vote, and then year by year to walk that placeholder year forward until 1983 and then freeze the placeholder to that year.

Even better, when that 1983 law required birth dates and the fields (month-day-year) created in the voter registration database, it would have been simple to fill in the birth date fields associated with the year 1900 with NA and then send requests to those voters for their birth dates—and then remove altogether those voters who did not respond within some reasonable period of time, say three months.

Whether 1900 was chosen out of laziness, incompetence, or an overt effort to masquerade the ineligible as eligible is anyone’s guess.