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View Full Version : Some inconvenient truths about the teacher's union



LWW
10-13-2010, 04:29 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">A lawsuit filed last week in federal court in Washington State contends that the National Education Association breached its duty to members by accepting millions of dollars in payments from two financial firms whose high-cost investments it recommended to members in an association-sponsored retirement plan.

The case was filed on behalf of two N.E.A. members who had invested in annuities sold by Nationwide Life Insurance Company and the Security Benefit Group. It contends that by actively endorsing these products, which carry high fees, the N.E.A., through its N.E.A. Member Benefits subsidiary, took on the role of a retirement plan sponsor, which must put its members' interests ahead of its own.

By taking fees from the two companies whose annuities N.E.A. Member Benefits recommended to its members, the N.E.A. breached its duty to them, the suit contends. The N.E.A. is the nation's largest professional organization; its Web site says it serves 3.2 million workers in education, from preschool to university graduate programs.

The suit reflects heightened concern among retirement plan participants that excessive fees are diminishing their savings and enriching financial services firms. Last November, the Government Accountability Office published a study concluding that retirement plan participants, as well as the Labor Department, needed clearer information on fees in these investment vehicles.

Lawyers representing the plaintiffs said they had been unable to calculate the total payments received by N.E.A. officials from Nationwide and Security Benefit since 1991, when the products were first endorsed by the organization. But a recent Security Benefit prospectus indicated that fees paid to N.E.A. Member Benefits might exceed $2 million a year. That prospectus said Security Benefit paid the N.E.A. subsidiary $510,000 a quarter. </div></div>

THEY TAKE KICKBACKS (http://query.nytimes.com/gst/fullpage.html?res=9A03E3D71631F934A25754C0A9619C8B 63&sec=&spon=&pagewanted=2) from investment firms for betraying their legal and moral duty to members.

LWW

LWW
10-13-2010, 04:33 AM
And then they take union dues and give it to organizations that are willing to aid child prostitution rings.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Teachers unions have contributed over $1.3 million to ACORN and its affiliates, since 2005, according to U.S. Labor Department financial disclosure forms.

But there is no guarantee that the $1,333,112 million in donations from the National Education Association (NEA) and Teachers AFL-CIO unions are actually being used for their stated purposes, according to present and former Association of Community Organizers for Reform Now (ACORN) officials.
Some of the larger donations include $100,000 from the NEA in 2008 and $200,000 in 2007 for political activities. The Teachers AFL-CIO Local Union 2 contributed $406,730 in 2008, $457,778 in 2007, and $346,300 in 2006 for representational activities.

Now that ACORN staffers have been caught on video helping a man and woman posing as a pimp and a prostitute acquire illegal home loans to set up a brothel it is imperative that these organizations reconsider their support, said Ron Sykes, treasurer for ACORN’s Washington D.C. branch.

Both the NEA and Teachers AFL-CIO advertise as strong advocates for children. ACORN staffers in Baltimore were caught on video instructing James O’Keefe, the undercover filmmaker, and his partner Hannah Giles how they could falsify documents and obtain benefits for 13 “very young girls” from El Salvador.


Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinio...l#ixzz12EY8EymE (http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Teachers-unions-have-contributed-over-13-million-to-ACORN--59179227.html#ixzz12EY8EymE)</div></div>

LWW

LWW
10-13-2010, 04:44 AM
One of the NEA's early leaders, known as the father of American progressive education, John Dewt was an early supporter of the USSR and the USSR educational system was modeled oh his principles.

OH DEAR! (http://www.stlawrenceinstitute.org/vol13brk.html)

LWW

Deeman3
10-13-2010, 08:05 AM
Hey! It's those young girls own bodies to do with what they want, according to some on here!