Tag: business

December 13, 2012 0

EU Punts on Creating Timetable for Fiscal and Banking Unions

By News Desk

Those looking for a step in the right direction today can find it in the Financial Times Live Blog which announces “EU drops timetable for creating eurozone fiscal and banking union”. EU heads of state and government have started gathering in Brussels even though their summit isn’t scheduled to begin until 5pm.

December 11, 2012 0

Union "Victory": Chrysler Reinstates 13 Workers Fired for Drinking on the Job

By News Desk

Please consider the Detroit News article Chrysler reinstates 13 workers fired for drinking on job . Chrysler Group LLC says it was forced to reinstate 13 workers who were fired from its Jefferson North Assembly Plant two years ago after being filmed by a local television station drinking and smoking what the network suggested was a controlled substance before and during work. "The workers followed the grievance procedure process outlined in the collective bargaining agreement between Chrysler and the United Auto Workers.

December 11, 2012 0

Decentralize Big-Retail

By News Desk

How to Uproot Walmart & Bring Jobs Back Home.  December 11, 2012 ( LocalOrg ) – In many towns across America, Walmart, or a similar mega-retailer, is the only option you have when you need (almost) anything. Big-retail is a monopoly in its truest form and it has become so, not through “free market” economics, technological innovation, supply and demand, or healthy competition, but rather through a combination of pro-monopoly rules and regulations, human exploitation, outsourcing labor overseas, while preventing labor domestically from unionizing for better wages, job security, and benefits.  The sub-par trinkets, poisoned food and beverages, and slave-made goods that line the corporate consumer troughs at Walmart are the result of a global network taking advantage of socioeconomic disparity, consumer ignorance, and deplorable labor conditions to bring the very lowest prices possible to consumers. The consumers pushing their carts through the aisles of Walmart scarcely realize the conditions within which workers overseas toil to line those aisles.

December 9, 2012 0

Gallup Reports Upper-Income Spending Worst November Ever

By News Desk

Gallup Reports Upper-Income Spending Worst November Ever With the generally upbeat spending reports on black Friday and cyber-Monday, Gallup paints a different point of view in its most recent poll that shows U.S. Consumer Spending Holds Steady, Consistent With 2011 Americans’ self-reported daily spending averaged $73 in November, essentially on par with September and October.

December 8, 2012 0

Michigan Passes Right-to-Work Legislation; Email from Canadian Teacher Threatened With $500 Fines Per Day for Not Picketing; Collective Bargaining vs….

By News Desk

Right-to-Work provisions are at long last coming to Michigan. Reuters reports ‘right-to-work’ law exempts existing union contracts Right-to-Work could be approved within a week Stunning blow to organized labor Immediate impact blunted by "grandfather" clause Opponents vow to overturn new law The proposed Michigan "right-to-work" law will not apply to existing union contracts, a leading sponsor of the proposal said on Friday, which may blunt its immediate impact on the huge auto industry in the state.

December 6, 2012 0

France Unemployment Rate Hits 10.3%, Youth Unemployment at Record High 24.9%; New Business Activity Plunges

By News Desk

Reuters reports French jobless rate hits 10.3 pct, highest in 13 years France’s unemployment rate rose to 10.3 percent in the third quarter of 2012, its highest since the third quarter of 1999, from 10.2 percent in the previous quarter, data published by national statistics office INSEE showed on Thursday. Youth unemployment rose more markedly, with the jobless rate edging up to 24.9 percent, from 23.6 percent, among people under 25 years old