Posted on 29 April 2007. Tags: Economics, GDP, Prices, Wages
I’ve never liked government statistics that claim to measure the economy–particularly the Gross Domestic Product. GDP only tells you that stuff is being made–not who truly benefits from the growth in GDP. But, it is worth noting yesterday’s news, from The New York Times, that not only is economic growth slower but, more important, for […]
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Posted on 27 April 2007. Tags: Circuit City, Class Warfare, Corporate Greed
This doesn’t surprise anymore, does it? Even though it is obscene beyond belief. After firing 3,400, Circuit City enriches CFO By Michael Rapoport, Dow Jones Newswires NEW YORK — Even as Circuit City Stores (CC) pushed 3,400 purportedly overpaid employees out the door, the company went out of its way to make the departure of […]
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Posted on 26 April 2007. Tags: CEO Pay, Chrysler, Class Warfare, Health Care, Pensions, UAW
    The real story bubbling within the auto industry is not the news that Toyota vaulted over General Motors in worldwide auto sales. Rather, it’s the growing ideological–not economic–drumbeat that is gathering targeting the livelihoods of tens of thousands of auto workers. And this is a direct attack against a decent standard of living for […]
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Posted on 24 April 2007. Tags: CEO Pay, Chrysler, Class Warfare, Health Care, Pensions, UAW
The inevitable ideological attacks against the UAW has begun. Just in time for the news that Toyota overtook General Motors in worldwide sales for the first time in history, the drumbeat has picked up in the pages of the business press: auto workers have to just buck it up and take the hit to save […]
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Posted on 24 April 2007. Tags: Chrysler, ESOP, Labor, Private Equity, UAW
I don’t really find this story to be too credible. UAW Group, Tracinda Discuss Bids for Chrysler By GINA CHON and JOHN D. STOLL April 23, 2007 Representatives of billionaire investor Kirk Kerkorian’s Tracinda Corp., which has proposed a $4.5 billion acquisition of DaimlerChrysler AG’s Chrysler Group, met yesterday with United Auto Workers members who […]
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Posted on 23 April 2007. Tags: Economy
Catching up to this so you’all may know about this…busy weekend…From The Wall Street Journal yesterday: Democrats Move Ahead On Minimum-Wage Rise By DAVID ROGERSApril 21, 2007; Page A3 WASHINGTON — House and Senate Democrats reached agreement on a $4.8 billion package of business tax breaks that the party hopes will clear the way for […]
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Posted on 21 April 2007. Tags: UFCW, Wal-Mart
Count me as one person not shedding too many tears about the death of Helen Walton, the matriarch of the Walton family–she of the $16 billion net worth. After all, this family, worth tens of billions of dollars, has made live a living hell for thousands of workers. And just in time to mourn dear […]
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Posted on 20 April 2007.
  Smithfield Foods is a very ugly company. As the UFCW explains, “Smithfield Foods is the largest pork producer and processor in the world, the fourth largest turkey processor and fifth largest beef processor in the U.S.” It has its own police force and jail cell in its Tar Heel, North Carolina processing plant. […]
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Posted on 19 April 2007. Tags: Ben Nelson, Blanche Lincoln, Class Warfare, Employees Free Choice Act, Ken Salazar, Mark Pryor, Unions, Workers
Supporting the Employee Free Choice Act should be a no-brainer for every Democratic senator. So, we need to ask: why are four Democratic Senators not co-sponsoring the legislation (S1041)? Are they anti-union? As of today, every Democratic senator is on-board as a co-sponsor of the bill (as are the two independents, Bernie Sanders and Joe […]
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Posted on 18 April 2007. Tags: The War
I don’t think the Democrats have gone far enough in the legislation to end the war. Having said that, there is no reason for the Democratic leadership to give an inch to the madman in the White House. The public stands behind the Democrats on the issue and, apparently, despite Bush’s attempt to use the […]
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