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In a Sentimental Mood

December 13, 2013 By E.J. Smith - Your Survival Guy

Map of Right to Work states vs forced unionism states.

Map of Right to Work states vs forced unionism states.

“Last week President Obama waxed nostalgic about the ‘good old days’ when union bosses wielded monopoly power in the workplace over more than a third of private-sector employees in America,” writes Stan Greer at the National Right to Work Committee. Union leaders are problem creators. Greer continues:

An acclaimed new biography of jazz titan Duke Ellington by Wall Street Journal drama critic Terry Teachout serves as a reminder of how in the 1940′s even extraordinarily talented and popular figures in the entertainment world couldn’t afford to defy (at least not openly!) the union hierarchy’s dictates.  (See the New York Times review).

In Chapter 12 of The Duke: A Life of Duke Ellington, Teachout sets the scene.  At the beginning of 1941, top bosses of the American Society of Composers, Authors and Publishers (ASCAP), a “performing-rights organization” that was effectively a union, were “determined to extract more money from the radio networks for the privilege of airing songs written by [ASCAP] members . . . .”  Rather than accept the 100% increase in licensing fees demanded by the ASCAP brass, the networks helped set up a competing union, Broadcast Music Inc (BMI), and also sought out arrangements of public-domain songs to air.  Some 1.25 million ASCAP songs, including nearly all the top hits of 1940, could no longer be heard on the radio as of January 1, 1941.

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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 and Paris.

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

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