"Anatomy of a failed liberal state"

Stephen Moore:

. . . Chicago is the canary in the coal mine when it comes to the government pension crisis. Pensions to retired teachers and state employees are bleeding the state dry. Since 2006, annual pension payments have grown tenfold, from $60 million to over $650 million. A state budget office spokesman tells me that “nearly one of three state tax dollars now goes to paying pensions for retired municipal and state employees.”

"The Wonderful Life Of Being A Lifeguard In Newport Beach, California"

Unless the author has omitted something important, the compensation does sound rather grand.

Locally, in California, the lifeguards are viewed more as first responders and as such are handsomely compensated.  In years past, the Orange County Register reported that Newport Beach paid its lifeguards up to $211,000 and $203,000 (2010). Data at shows in 2013 the “Lifeguard Battalion Chief” made $148,000 and four others earned between $101,000 and $113,500.

"China’s Economy: Not All It Seems"

Rich Lowry observes that yet another economy some Liberals have had an unseemly crush on seems to be having some trouble.

See also "China is experiencing something worse than a hard landing," "On Socialist Death Spirals," and "China: The new Spanish Empire?"

Related: "Printing Money Goes Haywire in Venezuela" and "There Is (Still) No Alternative".

In Venezuela, the same lessons as Cuba, North Korea, USSR . . .

Zut alors!

"How France finally bowed to the global economy."

With domestic spending down, packs of selfie-taking Chinese 20-somethings are about the only thing that keep Paris’ storied department stores open at any hour.

And workers’ attitudes have changed. Younger people and other people who don’t have good jobs have grasped that unions are mostly interested in protecting people who do have good jobs.

"One Of America's Worst Blunders: Allowing Public Workers To Unionize"

George Leef, reviewing Daniel DiSalvo's book, Government Against Itself, is absolutely correct.

This country has made a lot of terrible financial blunders. Easily among the top ten would be the decision to allow public employees to form unions and engage in collective bargaining. Only a little more than 50 years old, that mistake has done prodigious harm to us both economically and politically – and the worst is yet to come.