Thursday, July 1, 2010

Mensa International
EXCERPT:
It was to be free from all social distinctions (racial, religious, etc.), represented by the name of the organization, which comprises two Latin words: mens, which means "mind;" and mensa, which means "table", indicating that it is a round-table society of minds. Mensa also was to be a non-political organization, reflected in its constitution: "Mensa encompasses members representing many points of view. Consequently, Mensa as an organization shall not express an opinion as being that of Mensa, take any political action other than the publication of the results of its investigations, or have any ideological, philosophical, political, or religious affiliations."

Pension Benefit Guaranty Group Fraud
EXCERPT:
Please do the other 40-million hard-working American citizens who still have defined-benefit pension plans a huge favor by clicking on 'SHARE' above so that the rest of the global community are made aware of the lengths that the Bush administration and Wall Street banks went to steal pension plans from employees and retirees in Chapter 11 bankruptcies!

Kindly note the cc addees on this November 2006 letter to District Attorney Patrick Fitzgerald. Did not United Airlines CEO Glenn Tilton have a fiduciary responsibility to shareholders to report this matter to the Securities and Exchange Commission and the Department of Justice for investigation? Where was the Securities and Exchange Commission Public Company Accounting Oversight Board overview of Kirkland & Ellis?

Did it not raise eyebrows in DC that United Airlines Chief Bankruptcy Kirkland & Ellis Attorney Jamie Sprayregen accepted a position at Goldman-Sachs immediately upon bankruptcy exit, indicative of a possible conflict of interest? Goldman-Sachs was a major secured creditor in the United Airlines bankruptcy. Mr. Spreyregen is currently re-employed at Kirkland & Ellis.

Why did it take over two years for the Securities and Exchange Commission to acknowlege their failure to investigate Sarbanes-Oxley allegations? Where is the Department of Justice?


Sully Sullenberger pay has been cut 40%
EXCERPT:
Sullenberger, a 58-year-old who joined a US Airways predecessor in 1980, told the House aviation subcommittee that his pay has been cut 40 percent in recent years and his pension has been terminated and replaced with a promise "worth pennies on the dollar" from the federally created Pension Benefit Guaranty Corp. These cuts followed a wave of airline bankruptcies after the Sept. 11, 2001, terrorist attacks compounded by the current recession, he said.

"The bankruptcies were used by some as a fishing expedition to get what they could not get in normal times," Sullenberger said of the airlines. He said the problems began with the deregulation of the industry in the 1970s.

The reduced compensation has placed "pilots and their families in an untenable financial situation," Sullenberger said. "I do not know a single professional airline pilot who wants his or her children to follow in their footsteps."

The subcommittee of the House Transportation and Infrastructure Committee heard from the crew of Flight 1549, the air traffic controller who handled the flight and aviation experts to examine what safety lessons could be learned from the accident.

Sullenberger's copilot Jeffrey B. Skiles said unless federal laws are revised to improve labor-management relations "experienced crews in the cockpit will be a thing of the past." And Sullenberger added that without experienced pilots "we will see negative consequences to the flying public."

Sullenberger himself has started a consulting business to help make ends meet. Skiles added, "For the last six years, I have worked seven days a week between my two jobs just to maintain a middle class standard of living."

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