Perhaps you have seen the story about the United Auto Workers-owned golf course in northern Michigan and the controversy about the value of its property and tax history. Well, local blogger Chetly Zarko has dug even deeper to try to figure out why the facility's reported Pension Fund expenses are so high:The only explanation in my mind for this kind of pension fund investment is that the pension contributions are for SOMEONE ELSE other than the workers at the hotel. Just who might be receiving the long-term benefit of those contributions? It's not big enough to pay the pension debt of any serious number of rank-and-file union members - but it is big enough to sauce up a few individual's or union leadership. Or perhaps the UAW is using … [Read more...]