mary gives john murphy the kevin mccaffrey divinity test

and asks him to place his bet on the kevin mccaffrey election

Claude Solnik

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Long Island Business News

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Home > LI Confidential > Stop scratching on holidays

Stop scratching on holidays
Published: June 1, 2012

Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.

notice the language of the bills and the devils details are nowhere to be found

follow the puerto rivo bond cases or contrast and comoarison and note whether and when there is s forgivess clause when the bonds are defaulted on 

Top Teamster officials twice headed to Capitol Hill in the last week to brief House and Senate staffers on legislation backed by the union that would stabilize failing multiemployer pension plans.

Led by John Murphy, an International Vice President-At Large who has headed the Teamsters’ pension reform efforts, the union educated congressional aides about the Butch Lewis Act of 2017 and the history of troubled pension plans. The meetings came just days before the Joint Select Committee on Solvency of Multiemployer Pension Plans meeting set for today.

“The Teamsters decided to talk to those who work behind the scenes in Congress because it is essential they understand the retirement crisis that is looming if nothing is fixed,” Murphy said. “We hope that once they know the facts, they will tell their respective legislators how change is needed and that they should back this legislation.” 

As it stands, there are more than 300 multiemployer plans across the country — including the Teamsters’ Central States Pension Fund — that are in danger of failing. The congressional pension panel, co-chaired by pension reform advocate Sen. Sherrod Brown (D-Ohio), needs to find a vehicle that will deliver for these hard-working Americans who are paying, or have paid, into the pension pool and have played by the rules all their lives.

Luckily, the Butch Lewis Act (H.R. 4444/S. 2147) would solve the problem. Brown is the lead sponsor in the Senate, while Rep. Richard Neal (D-Mass.) introduced the billin the House. But this measure is not just a one-party plan.

Republicans such as Reps. Peter King and Dan Donovan of New York, Chris Smith, Frank LoBiondo, and Tom MacArthur of New Jersey, Brian Fitzpatrick and Ryan Costello of Pennsylvania, and Kevin Cramer of North Dakota and Don Young of Alaska understand the value of the bill and should be lauded for supporting this legislation. The measure would boost financially-troubled multiemployer pensions so they don’t fail. It would create an agency under the Treasury Department that would sell bonds in the open market to large investors such as financial firms.

As of now, the Central States fund is facing an unfunded liability of $17.2 billion, the largest of all multiemployer plan shortfalls. The Bakery and Confectionary Union pension is second with a $3.2 billion shortfall, while the United Mine Workers are third at $2.4 billion. Other threatened multiemployer plans face a total shortfall of $13.6 billion. That’s why Murphy stressed the importance of the joint pension committee to come up with a solution as soon as possible.

Workers and retirees aren’t asking for a handout; they just want what is rightfully theirs. It’s time for the joint committee to get to work and endorse this legislation that will make retirees whole. They’ve waited long enough.