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(Detroit Free Press)   In spite of being broke, Detroit was still able to spend $22,000 to send 4 people to a Hawaiian beach resort this weekend. Well there's your problem   (freep.com) divider line 172
    More: Dumbass, Hawaiian Beaches, Detroit, Hawaiian, Hawaii, beach resort, stipends, Waikiki, underfunded  
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7304 clicks; posted to Main » on 17 May 2013 at 11:59 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-17 09:59:00 AM  
Trustees say the conference provides the education they need to manage complex investments for the funds' retirees and beneficiaries.

Free lesson 1: don't spend $22K on a Hawaiian vacation when your pension fund is $600M underfunded.

Free lesson 2: don't participate in a pension fund that spends $22k on Hawaiian vacations for its board when it is $600M underfunded.
 
2013-05-17 12:01:18 PM  
cdn.crooksandliars.com
 
2013-05-17 12:05:07 PM  

SlothB77: Trustees say the conference provides the education they need to manage complex investments for the funds' retirees and beneficiaries.

Free lesson 1: don't spend $22K on a Hawaiian vacation when your pension fund is $600M underfunded.

Free lesson 2: don't participate in a pension fund that spends $22k on Hawaiian vacations for its board when it is $600M underfunded.


Will $22k really affect the solvency of a trust worth 5 billion. Heck if the education received is of substantial value it might save the fund way above that.  Though most likely its just a paid vacation for these guys under the guise of being educational.
 
2013-05-17 12:05:20 PM  
Corrupt management?  In Detroit?  Well, I never!
 
2013-05-17 12:06:58 PM  
done in 1...


// spending my own money to fly to portland, pay for my own lodging,  to participate in a conference in better
// practices for my job.  The school is footing the $360 fee for the conference...

// maybe this pension fund can think the same way from now on...
 
2013-05-17 12:07:04 PM  
cmsimg.mansfieldnewsjournal.com
"Take them to... Hawaii."
 
2013-05-17 12:07:07 PM  
i142.photobucket.com
Miss me yet?

They are going to Hawaii because It's so cold in the D!
 
2013-05-17 12:07:15 PM  
Trustees say the conference provides the education they need to manage complex investments for the funds' retirees and beneficiaries.

And all this valuable knowledge is only in one place...Hawaii.  Suppose they have never heard of on-line meetings.  Wonder if the conference was at the Pierre, SD conference center these 4 would have been so eager to attend
 
2013-05-17 12:07:47 PM  
You'd think whatever education they are going to get could be gotten somewhere a tad more locally.
 
2013-05-17 12:08:04 PM  

MindStalker: Heck if the education received is of substantial value it might save the fund way above that. Though most likely its just a paid vacation for these guys under the guise of being educational.


$1000 will get them the DVD of all the talks at the conference, that they can then show to everyone at the fund.
 
2013-05-17 12:08:44 PM  
Politicians/Admistrators SUCK!

They say they need to "keep on top of things"  Well, if they had, they wouldn't be in the jam they're in now, would they?
 
2013-05-17 12:09:45 PM  

maddogdelta: done in 1...


// spending my own money to fly to portland, pay for my own lodging,  to participate in a conference in better
// practices for my job.  The school is footing the $360 fee for the conference...

// maybe this pension fund can think the same way from now on...


Yes, the world would be a better place if every employee was a foolish as you. Everyone should be willing toi pick up their employers legitimate business expenses. You pay rent for your desk and computer too, I bet.
 
2013-05-17 12:10:29 PM  

SlothB77: Free lesson 1: don't spend $22K on a Hawaiian vacation when your pension fund is $600M underfunded.

Free lesson 2: don't participate in a pension fund that spends $22k on Hawaiian vacations for its board when it is $600M underfunded.


cdn.cnwimg.com
"You have to pay out big bonuses like this to retain your top talent!"
 
2013-05-17 12:10:33 PM  

ox45tallboy: [cmsimg.mansfieldnewsjournal.com image 471x329]
"Take them to... Hawaii."


not the Volcano?
awesomebmovies.com
 
2013-05-17 12:12:16 PM  
"That just happens to be where the conference is this year," said General Retirement System Trustee John Riehl, who will be attending. "We have to stay on top. We have to know what we're doing."

Yes, because when I think of Detroit, I think of quality, competence, best practices and an outstanding administration.
 
2013-05-17 12:12:55 PM  
4.bp.blogspot.com
Approves
 
2013-05-17 12:13:41 PM  
In my experience having been to destination conferences, they're vacations intersparsed with sales pitches. The educational aspects are demonstrations set up under the absolute ideal circumstances to sell a product or service and have little bearing on real world scenarios.
 
2013-05-17 12:15:18 PM  

buckler: Yes, because when I think of Detroit, I think of quality, competence, best practices and an outstanding administration.


jgtwo.files.wordpress.com
"Mmm.... yup."
 
2013-05-17 12:15:19 PM  
Sounds like Detroit is a microcosm of the entire United States.

That's sad.
 
2013-05-17 12:15:47 PM  
We should always reward incompetence.
 
2013-05-17 12:17:08 PM  
The Indian tribe I work for sends me to training conferences from time to time - it's expected, as part of my job, that I will participate in this additional training. Some of the conferences are held in North Dakota, while others are held in places like Reno, Key West, and yes, Hawaii. Guess which is generally more expensive? Answer: North Dakota. Airfares to "destination locations" are considerably less than airfares to North Dakota, and I have to rent a car rather than rely on public transportation. Hotels are also more expensive in North Dakota, because it's generally easier to get a deal on accommodations in a resort community.
 
2013-05-17 12:17:14 PM  
what will happen when Detroit declares bankruptcy?

/seriously asking.
 
2013-05-17 12:17:57 PM  

lockers: We should always reward incompetence.


yuuuuup
 
2013-05-17 12:18:02 PM  
WebEx/GoToMeeting are a lot less expensive than flying out to Hawaii.
 
2013-05-17 12:18:32 PM  

a_feral_duck: In my experience having been to destination conferences, they're vacations intersparsed with sales pitches. The educational aspects are demonstrations set up under the absolute ideal circumstances to sell a product or service and have little bearing on real world scenarios.


So you're saying it was all just a big scheme to get the City of Detroit to purchase timeshares in Hawaii?

mexicantimesharesolutions.files.wordpress.com


That's probably more reasonable than what actually happened.
 
2013-05-17 12:19:01 PM  

chubby muppet: [4.bp.blogspot.com image 240x330]
Approves


Ahh, well played!
 
2013-05-17 12:19:30 PM  

stir22: what will happen when Detroit declares bankruptcy?

/seriously asking.


Here's a piece from Forbes about municipal bankruptcies in general.

http://www.forbes.com/sites/danielfisher/2013/04/03/muni-bankruptcie s- set-up-war-between-pensioners-and-bondholders/
 
2013-05-17 12:19:57 PM  

Philip Francis Queeg: Yes, the world would be a better place if every employee was a foolish as you. Everyone should be willing toi pick up their employers legitimate business expenses. You pay rent for your desk and computer too, I bet.


Welcome to the greedy world of public education, where all of us vampire teachers sucking the blood of the public treasury steal office supplies from home to bring them to school...

As a matter of fact, I do use my own computer to write lessons, curriculum and track how your little snowflake is doing..
 
2013-05-17 12:20:21 PM  

stir22: what will happen when Detroit declares bankruptcy?

/seriously asking.


Not exactly sure who would want to repo it.

stumbler.org
 
2013-05-17 12:23:42 PM  
Thanks a lot Rick Snyder.
 
2013-05-17 12:25:00 PM  

maddogdelta: Philip Francis Queeg: Yes, the world would be a better place if every employee was a foolish as you. Everyone should be willing toi pick up their employers legitimate business expenses. You pay rent for your desk and computer too, I bet.

Welcome to the greedy world of public education, where all of us vampire teachers sucking the blood of the public treasury steal office supplies from home to bring them to school...

As a matter of fact, I do use my own computer to write lessons, curriculum and track how your little snowflake is doing..


And do you think that is appropriate? Should every worker in America be expected to subsidize their employer's legitimate expenses?
 
2013-05-17 12:28:48 PM  

Philip Francis Queeg: Should every worker in America be expected to subsidize their employer's legitimate expenses?


Do you know the difference between "public service" and "profit"?

(Hint: When I was IT manager of a for profit company, and I saved the company $50,000 in expenses the first year I was there, they provided  my laptop and cell phone)
 
2013-05-17 12:30:38 PM  

maddogdelta: Philip Francis Queeg: Yes, the world would be a better place if every employee was a foolish as you. Everyone should be willing toi pick up their employers legitimate business expenses. You pay rent for your desk and computer too, I bet.

Welcome to the greedy world of public education, where all of us vampire teachers sucking the blood of the public treasury steal office supplies from home to bring them to school...

As a matter of fact, I do use my own computer to write lessons, curriculum and track how your little snowflake is doing..


It's a give and take relationship usually anyway. This isn't my computer I'm posting from and it isn't the company computer or phone I use when working from home for a few minutes on vacation days or weekends. I have spent my own money on educational activities some people might expect their employer to pick up. Education is part of a person's life-long career that extends past the job they are currently at. My employer isn't screwing me, I'm preparing for the day I don't work for them. If I were of a different political persuasion I might have a different outlook.
 
2013-05-17 12:30:56 PM  
Lemme try and explain this.

Governance on any level either prints or demands money from the governed and if you don't pay them, they take it.

They don't use it for much of anything but themselves and that's the whole point of busting your ass to get a sh*tty public service job because a week later, you can just disappear up the ass of bureaucracy and start getting your nose in the trough.  There's nothing left to to save in that ruin and as long as government and media can keep people barking tough guy sh*t at each other, and not paying attention to them, the grift will pay off.  And that's a long time, so far.

Government is a job wherein a clueless nobody can sell the correct flavor of malarkey that will get him or her elevated to "big wheel" and their purse hear the coffers.  A huge amount of money rolls around the halls of power, even in decaying little sh*tholes like this and you best believe that ANYBODY wants the wheel of a sinking ship isn't working on altruism.  And it won't change until there's either nothing left to steal or people are pouring into the streets with rope and torches.  *taps watch*
 
2013-05-17 12:31:52 PM  
I bet all those guys own refrigerators and color TVs too.
 
2013-05-17 12:32:00 PM  
Typical Republicans!
 
2013-05-17 12:33:26 PM  
$5000 a head for everything really isn't that bad.  $22,000 is a rounding error in that environment.
 
2013-05-17 12:34:08 PM  
really does seem like it is time for some govt officials to be getting fired and this is not limited to the motor city. I just heard a guy on NPR say that it will be harder to track the flight impact of an active volcano because of the funding cuts (that impact the future install of a monitoring system that would have not been in place now regardless of the cuts)
 
2013-05-17 12:34:42 PM  

theknuckler_33: stir22: what will happen when Detroit declares bankruptcy?

/seriously asking.

Here's a piece from Forbes about municipal bankruptcies in general.

http://www.forbes.com/sites/danielfisher/2013/04/03/muni-bankruptcie s- set-up-war-between-pensioners-and-bondholders/


wow.....just wow.

thanks for the link!!
 
2013-05-17 12:34:43 PM  

dabbletech: Typical Republicans!


Detroit is run by Rick Snyder's hand picked Manger.  Everything that happens in Detroit is Snyder's responsibility.
 
2013-05-17 12:34:46 PM  

ox45tallboy: stir22: what will happen when Detroit declares bankruptcy?

/seriously asking.

Not exactly sure who would want to repo it.

[stumbler.org image 850x633]


Looks like someone tried to brighten up the place with some color and art on the walls.
 
2013-05-17 12:35:53 PM  
$22K isn't worth the time to have the discussion, or to print an article.  You're talking about something that's half a billion dollars in the red.  No, $22K shouldn't be spent on a conference in Hawaii, and a managing director should have axed it the second it was requested.  But making a big deal about it is beyond silly.

This is the same problem as people saying we should cut NPR to balance the national budget.  You don't clip your toenails to deal with morbid obesity.  You don't argue with your family about a 25 cent pack of gum when you're $100,000 in credit card debt.  Focus on things that make a difference, and stop wasting energy and time on something that falls out of the finance margins from insignificance.

Aim higher, guys.
 
2013-05-17 12:36:22 PM  
Black ppl go to conferences like this.

White ppl be at conferences all like this.
 
2013-05-17 12:37:31 PM  
and Republicans in congress spend 55 million dollars for another repeal of Obamacare vote so their new members can use it in their campaign ads.
 
2013-05-17 12:40:15 PM  

bunner: as long as government and media can keep people barking tough guy sh*t at each other, and not paying attention to them, the grift will pay off.


dabbletech: Typical Republicans!


See?
 
2013-05-17 12:40:41 PM  

bunner: Governance on any level either prints or demands money from the governed and if you don't pay them, they take it.

"Taxes are the price we pay for civilization."

- Oliver Wendell Holmes

bunner: Government is a job wherein a clueless nobody can sell the correct flavor of malarkey that will get him or her elevated to "big wheel" and their purse hear the coffers. A huge amount of money rolls around the halls of power, even in decaying little sh*tholes like this and you best believe that ANYBODY wants the wheel of a sinking ship isn't working on altruism. And it won't change until there's either nothing left to steal or people are pouring into the streets with rope and torches. *taps watch*


Sheesh, I thought I was a cynic. Look, this is because we work off a capitalistic form of government. But the thing is, most politicians are actually accepting a lower paying job when they are elected. Most really do want something better, but he nature of humans means that nearly everyone is in reality only a one-or two issue candidate that is eventually convinced by big donors to take on other issues that the candidate really doesn't care about, but must take on in order to get elected and handle heir one or two issues.

However, you are correct in that as long as our society views large bank accounts as the biggest measure of success, this problem will perpetuate itself.
 
2013-05-17 12:43:40 PM  

ox45tallboy: bunner: Governance on any level either prints or demands money from the governed and if you don't pay them, they take it.

"Taxes are the price we pay for civilization." - Oliver Wendell Holmes


What makes you think that these chuckleheads value modern civilization? Is it not abundantly obvious that they would actual prefer to revert to a feudal model?
 
2013-05-17 12:44:25 PM  
I have a receptionist whose parents were both teachers and taught from their early 20s to their early 40s when they were fully vested in the retirement plan and then quit got second jobs in the municipality and worked for another 20 years and have retired with the school system paying them $100,000 each and then they draw on their second job retirement as well. So they're retired and making close to $500,000 per year from public employee retirement funds. With current interest rates of 2.5% they'd have to be worth $200,000,000 to be drawing the same money from a retirement fund.
 
2013-05-17 12:44:25 PM  

cig-mkr: ox45tallboy: stir22: what will happen when Detroit declares bankruptcy?

/seriously asking.

Not exactly sure who would want to repo it.

[stumbler.org image 850x633]

Looks like someone tried to brighten up the place with some color and art on the walls.


Thanks. You made me giggle and I was having a rough day.
 
2013-05-17 12:45:04 PM  

cig-mkr: ox45tallboy: stir22: what will happen when Detroit declares bankruptcy?

/seriously asking.

Not exactly sure who would want to repo it.

[stumbler.org image 850x633]

Looks like someone tried to brighten up the place with some color and art on the walls.


No, in Detroit, they actually have an unorthodox way of dealing with graffiti with artistic value.

But by Tuesday, artists from the 555 Nonprofit Gallery and Studios, a feisty grassroots group, had excavated the 7-by-8-foot, 1,500-pound cinder block wall with a masonry saw and forklift and moved the piece to their grounds near the foot of the Ambassador Bridge in southwest Detroit.
 
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