Friday, May 11, 2012

Today's Teamster News 05.11.12

Trade Gap Widens in March, Slowing Growth  Trade Reform   ...The $620 billion annual deficit is the most significant barrier to economic recovery and creating jobs, and oil and consumer goods from China account for virtually the entire problem. Economists agree the pace of economic recovery has been too slow, because of too little demand for what Americans make...
How Wall Street Killed Financial Reform  Rolling Stone   ...a troop of water-carrying Eric Cantor Republicans are speeding nine separate bills through the House, all designed to roll back the few genuinely toothy portions left in Dodd-Frank...
Thousands of British police join anti-austerity protest  Reuters   ...Thousands of off-duty police officers took to the streets in London on Thursday in a rare display of anger against government austerity, joining a protest by public sector workers including immigration officials, healthcare workers and prison officers...
J.P. Morgan Reveals ‘London Whale’-Size Losses  Wall Street Journal   ...J.P. Morgan Chase & Co., the nation’s largest bank, surprised the market today, saying it has taken large losses stemming from derivatives bets gone wrong in the bank’s Chief Investment Office...
Scott Walker Promised $500K Donor He Would "Divide and Conquer" Unions  The Nation   ... a remarkable videotape of the governor describing just such as a strategy has surfaced. In it, Walker is seen promising a billionaire campaign donor that the attack on collective-bargaining rights for public-sector unions -- which sparked demonstrations and the movement that has forced the recall election -- was only "the first step" in a grand plan...
Teamsters certified to represent Troy police  The Daily Review   ...The Pennsylvania Labor Relations Board has certified the Teamsters to represent Troy Borough police...