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Rams most likely to go to L.A.

If not L.A. how about L,E. The really wacky idea keeps popping up that the NFL will put a team in London. Story today (http://sports.yahoo.com/news/british-government-w…) "LONDON (AP) -- The British government wants an NFL team based in London. George Osborne, the British treasury chief, told the Evening Standard newspaper on Wednesday that the government will do whatever it can ''to make this happen.'' Of course the players will fight this idea - I think no matter how nice the airplane flight is jet lag will be a serious problem for teams travelling between London and USA.
— October 22, 2014 10:12 p.m.

Unemployment rate down, so are jobs

It is a bit difficult to make an apples/apples comparison because the skillsets of the government workforce vs. private sector workforce aren't the same for that many cases. What is clear is that the private sector employee has to sustain a great deal more risk for retirement. The public sector employees have very little risk in their retirement benefits which can be quite generous in many cases. The only risk is that in some extreme case like Detroit or Stockton there is a chance the public employee may lose part of their retirement benefits. Private sector employees typically have 401k plans which of course can lose value due to bad choices or just bad luck. The problem with the public sector pension benefits is that it's so easy for politicians and labor leaders to write big checks now that future generations have to pay for. It's not so much the amount of compensation that's the problem per se (although as Don says there are plenty of examples of outrageous public employee pension benefits) but the fact that the costs and risks get shifted to future generations of taxpayers so that present generations don't have to make tough decision. Tough decision is: better services, higher taxes vs. lower services, lower taxes. Easy (but unethical) decision is better services AND lower taxes and shift costs and risks to the future. The compensation packages to many private sector executives are clearly beyond absurd at this point.
— October 19, 2014 5:55 p.m.

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