All New Wilmott Jobs Board                     (r)

407,000 American Workers To Lose Most of Their Pensions

Photo Credit: US Navy Jeep

 

The Central States Pension Fund, which handles the retirement benefits for current and former Teamster union truck drivers across various states applied for reductions. Currently the plan pays out $3.46 in pension benefits for every $1 it receives from employers. That’s a drain of $2 billion annually.

Please read more here.

 

Closing out the trading day with jazz trumpeter Herb Alpert

 

 

Nice way to close out the trading day.  Feel like a giant vacuum cleaner, grabbing all the profits from my options trades (covered calls and credit spreads).  

Bon weekend!

Math Confused as Terrorism Halts American Airlines Flight

 

Professor Guido Menzio - an Italian economist - says his flight was delayed after a fellow passenger saw him working on a differential equation and alerted the cabin crew.  He wrote:

It's a bit funny. It's a bit worrisome. The lady just looked at me, looked at my writing of mysterious formulae, and concluded I was up to no good.  Because of that an entire flight was delayed.

 

Please see more on this story here.

Happy Mother's Day --- courtesy of Prince!

94,044,000 Americans NOT Participating in the Labor Force

 

 

Headlines from today's Drudge Report reveal some more dismal statistics.

The number of Americans not in the labor force last month totaled 94,044,000, 562,000 more than in March -- and the labor force participation rate dropped to 62.8 percent (near a 38-year low), following four straight months of slight improvement...

Please read more here.

Lynne Patton: "The Trump Family That I Know" - A Black Female Trump Executive Speaks

Trump executive Lynne Patton published this video on youtube on May 2, 2016.