Posted on 27 May 2009. Tags: 401(k)s, Labor, Pensions, Retirement
It should not surprise anyone that people are scared about the future of their retirement. Yesterday, the Financial Times had this: Anxiety about having enough income in retirement is growing, according to a new Financial Times/Harris Poll, with more than half of adults in the US, France, Italy and Spain saying they are more […]
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Posted in General Interest
Posted on 02 May 2009. Tags: Bankruptcy, Barack Obama, Chrysler, Labor, Larry Kudlow, Pensions, Single Payer, UAW
The bankruptcy of Chrysler crystallized a pretty straightforward choice about which side you are on in our society: do you care about what happens to workers and their communities or are you more interested in making a few more dollars? The Administration made its choice. A few hedge funds made their choice and, along with […]
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Posted on 30 April 2009. Tags: Bankruptcy, Barack Obama, Chrysler, Hedge Funds, Labor, UAW
It is a pretty extraordinary scenario: in a blazingly short amount of time, the Administration has forged a deal that could save thousands of jobs at Chrysler–the major banks are on board, the UAW has made more significant concessions. But all that may come crashing to a halt because of a few hedge funds who […]
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Posted on 28 April 2009. Tags: Chrysler, Health Care, Labor, Single Payer, UAW
There are really two things that jump out of the details about the Chrysler deal, via The Wall Street Journal: The United Auto Workers union would eventually own 55% of the stock in a restructured Chrysler LLC under the deal reached by the union and the auto maker, according to a summary of the […]
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Posted on 27 April 2009. Tags: Bankruptcy, Chrysler, Health Care, Labor, Single Payer, UAW
You probably have heard that a deal was reach between the UAW and Chrysler. Like last week, though, it’s really had to tell from reading the traditional media what exactly the deal will be–other than workers are going to get the shaft. The Wall Street Journal doesn’t say much about enhanced pension protection (meaning, […]
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Posted on 20 April 2009. Tags: "Free Trade", Barack Obama, Colombia, Death Squads, Labor, Murder
Last week, I wondered whether the president would keep his campaign promise about NAFTA. Today, Colombia is on my mind because of this piece in The Wall Street Journal: President Barack Obama discussed a pending free-trade agreement with his Colombian counterpart Saturday and dispatched his trade representative to discuss U.S. concerns over Colombia’s treatment […]
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Posted on 02 April 2009. Tags: Bill Thompson, Labor, Local 1500, Michael Bloomberg, Politics, UFCW
I’m not sure that anyone has told NY Comptroller Bill Thompson yet but his race for mayor is over…effectively. His only prayer (and any other candidate’s only prayer) to defeat the billionaire mayor was to have a unified labor movement behind him. It was the only way–and even that was a big "if"–to balance […]
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Posted on 02 April 2009. Tags: Construction, Financial Crisis, Greed, Labor, New York City, Wages
This is not a post about the auto industry. The attack against the decent standard of living fought for and won by auto workers over many generations is just one of the most visible assaults on the American Dream–an assault that is sweeping through every corner of the economy as workers have to pay for […]
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Posted on 11 March 2009. Tags: EFCA, Labor, Organizing, Senate
Yesterday, I pointed out that the math being used to figure out whether the Employee Free Choice Act would pass is a bit flawed, particularly as it relates to the Senate. Today, the New York Times has an article about yesterday’s introduction of the bill, which says this: Republican and business strategists said some […]
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Posted on 11 March 2009. Tags: Ben Nelson, EFCA, George Miller, Labor, Mark Pryor, Mary Landrieu, Organizing, Primaries, Tom Harkin, Wages
If you believe that a society cannot be truly democratic without a strong labor movement, and if you believe that the only way to build a fair economy is by making sure people can belong to unions, then, this is where a line must be drawn: Democratic Senators who block or undercut the Employee Free […]
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Posted in General Interest