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Tip of the Day Refinance Your Mortgage if You Can Cut At Least One Point

Refinance Your Mortgage if You Can Cut At Least One Point - Refinancing a mortgage only makes good sense if you are going to save more than 1% on the...

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Taft-Hartley Act Of 1947

Taft-Hartley Act Of 1947 –  This is a labour relations term and law, more appropriately and aptly termed the Labour-Management Relations Act. Named after the co-sponsor, House Representative Fred A. Harley, Jr, and Senator Robert Taft. Defining and clarifying the scope and mandates of unions, their actions, disputes and such related matters. What and how management would be permitted to act and do when a labor/management dispute arises. It is on the law books.  It stood for dealing more effectively with things like tension, power and mandates during these disruptions. It addresses aspects like: prohibited activities, injunctions, legal recourses of action, banning of jurisdictional strikes, wildcat strikes and secondary boycotts and not being communists, firing of supervisors with union sympathies. Some of these tensions still linger and remain today in labour circles.

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Definition of the Day Survivorship Bias

Survivorship Bias In many cases, a company that has made it through a rough patch in its existence will be penalized in any reports that come out because of survivorship bias. These reports will not show that other companies have gone out of business during the...

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