board77

Meril36 wrote:

You know the saying. "Those who can't do, teach."

Meril36 wrote:

You know the saying. "Those who can't do, teach."

sauronsfinger wrote:

Onizuka

here is a news flash for you THIS IS NOT MANWE on TORC

I was banned there for saying three words in a single post.... "that explains it".

Ara-anna wrote:

Onizuka Eikichi

Being banned from Torc is an honor here at B77.

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I was banned there for saying three words in a single post.... "that explains it".

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Yovargas seems to be trying hard to come up with charter violations to get me banned and he has threatened this before.

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what is this TRUTH you refer to?

I thought you were talking about IDEAS.

sauronsfinger wrote:

If you have no longer any interest in banning anyone, why would you make a post just today saying this

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Put differently, you prefer to attack the person than to attack the person's ideas, breaking rule #1 in Manwe-esque debates

seems to me that calling someone a rule breaker is just a step away from calling for a hearing on that mean old nasty SOB rule breaker....

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Rangers at their discretion may split quarrelsome or disruptive posts and move them to the Bike Racks if they threaten to impinge on member rights.

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Sprint freezes its employee pension plan
Monday 23 January 2006, 0:33am EST
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NEW YORK, Jan 22 (Reuters) - Sprint Nextel Corp. (S.N: Quote, Profile, Research), the No. 3 U.S. wireless provider, has frozen its pension plan, affecting about 39,000 employees or roughly half of its workforce, a company spokesman said on Sunday.

Several large companies, including telecom rival Verizon Communications (VZ.N: Quote, Profile, Research) and International Business Machines (IBM.N: Quote, Profile, Research), recently announced moves away from traditional pension plans with aims to save billions.

In place of a defined-benefits pension plan, Sprint Nextel is offering workers who sign up for its 401(k) retirement plan a company contribution matching up to 5 percent of their salary, according to company spokesman David Gunasegaram.

Workers will keep pension benefits earned before Sprint Nextel stopped contributing at year-end, he said.

Gunasegaram said he was not immediately able to comment on the financial impact to Sprint Nextel.

"We always continue to review and analyze our benefits plan to ensure associates have the most flexibility," he said.

The freeze will not affect roughly 20,000 workers at Sprint's local phone unit, which is being spun-off this year. The local business plans to keep the program intact. he said.

Sprint Nextel, which currently has about 80,000 employees, was formed in August when Sprint bought Nextel Communications. Nextel did not have a pension plan.

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The Treasury Department has started drawing from the civil service pension fund to avoid hitting the $8.2 trillion national debt limit. The move to tap the pension fund follows last month's decision to suspend investments in a retirement savings plan held by government employees.

In a letter to Congress this week, Treasury Secretary John W. Snow said he would rely on the Civil Service Retirement and Disability Fund to avoid bumping up against the statutory debt limit. He said the Treasury is suspending investments and will redeem a portion of the money credited to the fund.

Once Congress raises the debt limit, the Treasury will "restore all due interest and principal" to the pension fund as soon as possible, Snow said. He made a similar promise when the Treasury announced that reinvestment of some assets in the Thrift Savings Plan's government securities fund, or G Fund, had been suspended.

The civil service trust fund will provide the Treasury with several billion dollars for extra borrowing. The fund had an estimated balance of about $655 billion at the start of the year, but only a small portion of that is available to the Treasury because of the statutes restricting the fund's use during "debt issuance suspension" periods. The G Fund has assets of about $65.3 billion, and all are available for Treasury's use.

The Treasury has leaned on federal employee retirement funds in past years when officials worried about a possible default on the national debt, and most federal employees take it in stride. Still, many employees object to the financial maneuvers, arguing that they amount to a raid on their personal accounts.

Colleen M. Kelley , president of the National Treasury Employees Union, said last month that federal employees should not have their pension accounts "used as a rainy day fund. . . . No private-sector employer would ever be allowed to do this."

Snow wrote to Congress that his maneuvers will buy time until mid-March and urged lawmakers "to pass a debt limit increase immediately." He said the Treasury "has now taken all prudent and legal actions to avoid reaching the statutory debt limit."

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Meanwhile,Treasury Secretary John Snow informed Congress today (March 6) that the Bush administration has been embezzling from various accounts (or, in the language of the regime, using “all prudent and legal actions”) to avoid exceeding the $8.2 trillion national debt limit.
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So the Fed is firing up its printing presses, or the cyber-equivalent, in order to ensure that the coterie of thieves and perverts we call a “government” remains liquid. This explains why the Fed has decided to stop publishing M3 data, oh, at about the same time the debt ceiling is to be raised and another gusher of greenbacks is scheduled to spout. Think of it for a second. A kid who conveniently loses his report card isn't trying to hide his straight-A performance.