Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

I Love New York

May 15, 2014 By E.J. Smith - Your Survival Guy

New York City Public Advocate Bill de Blasio at a rally organized by the National Association of Letter Carriers as part of their “Delivering For America” campaign (to save six day mail delivery).

Wait and see union politics has leadership singing “I Love New York” all the way to the bank. Union leaders are cashing in their chips thanks to Mayor Bill de Blasio. More from The WSJ’s Review and Outlook:

Unions refused to negotiate for five years with former mayor Michael Bloomberg, and their refusal has paid off. Union chief Michael Mulgrew stood next to Mr. de Blasio in announcing a new contract and said he couldn’t “thank the mayor enough.”

And no wonder. The deal includes an 8% retroactive raise plus a 10% cumulative bump from 2013 through 2018. The 19.5% compounded pay increase will boost the starting salary to $54,411 from $45,530 and the maximum to $119,565 from $100,049. Teachers will also get a $1,000 signing bonus for approving the contract that rewards their recalcitrance.

The raises will cost the city $5.5 billion, and Mr. de Blasio is touting some $1.3 billion in savings from health care. But the contract includes no employee contributions for premiums, though most American workers pay 20% to 30% of their health costs. The specific cuts will be determined later, which may mean never.

Related video:

Related Posts

  • Right to Work in Wisconsin
  • I Love This Article
  • NRA Reports New York Daily News Massive Newsroom Cuts
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Epic Man Cave with Car Elevator in Utah - June 13, 2025
  • Graduating from Work to Retirement Special Bonus: God Only Knows - June 12, 2025
  • Graduating from Work to Retirement #20: Life in Reverse - June 11, 2025

Dick Young’s Must Reads

  • Why Investors Should Forget Prices and Focus on Income
  • Set Sail with Stocks
  • TOP HEAVY: Focus on Big Indexing Could Cause Market Chaos
  • Democracy: The Most Dangerous and Insidious Effect of Majority Rule.
  • The Biden Cabal Wants to Stop the Use of Clean, Safe, Domestic Natural Gas
  • When the Black Swan Swoops In for You
  • DIGITAL DOLLAR DOOMSDAY: The Wall Street Journal Is NOT Going to Tell You This
  • Why Some Kids Won’t Go Back to School, Ever
  • Thanks to America’s Worst President
  • Feds Raid America’s Number One Patriot: Naples Florida’s Alfie Oakes

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Epic Man Cave with Car Elevator in Utah
  • Oil Prices Spike as Markets Brace for Potential Middle East Conflict
  • Is Private Capital Appropriate for 401(k)s?
  • US Underground Natural Gas Storage Capacity Grew in 2024
  • Trump Revokes Biden Policy on Snake River Dams
  • Graduating from Work to Retirement Special Bonus: God Only Knows
  • US Secures LNG Export Deals Worth $200 Billion
  • High-Voltage Cable Crunch Hits Global Electrification
  • May PPI Lower than Expected
  • Graduating from Work to Retirement #20: Life in Reverse

RSS Yoursurvivalguy.com

  • Epic Man Cave with Car Elevator in Utah
  • Is Private Capital Appropriate for 401(k)s?
  • Strikes Expose Israel’s Hidden Drone Operations Inside Iran
  • Even If You Don’t Golf: Part 2
  • Graduating from Work to Retirement Special Bonus: God Only Knows
  • Private Equity: Moody’s Warns There’s Ample Cause for Concern
  • Your Survival Guy: Castle Hill, Newport
  • Containerized Missiles and the New Rules of War
  • Graduating from Work to Retirement #20: Life in Reverse
  • America’s Silent Army with 423M Guns

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives