Friday, September 2, 2011

Today's Teamster News 09.02.11

Banks Brace For New Wave Of Mortgage Lawsuits, U.S. May Seek Up To $30 Billion  Forbes   ...The worst of banks’ mortgage-related legal battles may be yet to come as the Federal Housing Finance Agency readies a massive new wave of lawsuits aimed at a dozen major lenders...
Ohio sells state prison to private contractor for $73 million  Reuters   ...Officials said the state had sold the Lake Erie Correctional Institution, an 11-year-old prison housing about 1,500 nonviolent prisoners, to the Corrections Corporation of America...
Mich. holds off sending layoff notices -- for now  Bloomberg Business Week   ...Gov. Rick Snyder on Thursday decided to hold off on sending notices to state employees warning they could lose their jobs in 30 days, and his spokeswoman said the governor still hopes a labor coalition representing most of the workers will make $145 million in concessions so layoffs aren't needed...
Christie and Labor: Ready for the Next Round  NJ Spotlight   ...In the coming year, the governor's relationship with public- and private-sector unions will deeply affect New Jersey's politics and its economy...
Farmworkers march for union bill  Monterey County Herald   ...(Alejandro) Nolasco left Saturday to join the 200-mile march to Sacramento that farmworkers and their supporters are undertaking to try to convince the governor to sign legislation that would make it easier to unionize...
Sotheby’s Auction House Tries to Break Union, Teamsters Vow “If they don’t settle, we’re going to shut this place down”  The Indypendent   ...The 43 locked-out art handlers at Sotheby’s, all members of Teamsters Local 814, sent their message loud and clear – negotiate now – to management at a rally on August 26, where their ranks were swelled by hundreds of Teamster women in town from across the country for the annual Teamster Women’s Conference...