Tuesday, May 15, 2012

Today's Teamster News 05.15.12

Germans getting ahead by getting along  Washington Times   ...Underlying Germany’s vaunted manufacturing machine is a system of close collaboration among business, labor and government that has served the nation well in recent years and stands in marked contrast to the increasingly adversarial system in the U.S. Most factories in Germany are unionized, businesses have labor representatives on their boards, and union demands typically are not sources of tension or hostility with management.,,
KC Man Sues Bank Over Foreclosure Error  KMBC.com   ...Allan Danforth bought a house in a short sale in fall 2010. JPMorgan Chase held the previous owner's mortgage. Danforth said two months later, without notice, the bank changed the locks and hauled away $25,000 worth of furniture, appliances and family heirlooms...
China’s Yuan Remains Hugely Undervalued, Dragging down U.S. Growth, Jobs  Trade Reform   ...The biggest barrier to U.S. sales in China, and greatest advantage Chinese products enjoy in U.S. markets, remains the undervalued yuan...
Making Banks Small Enough And Simple Enough To Fail  The Baseline Scenario   ...This week’s debacle at JP Morgan only strengthens the case for this kind of legislative action in the near future. The proposition is simple: Too-big-to-fail banks should be made smaller, and preferably small enough to fail without causing global panic...
Secrecy, Dishonesty At Center Of Walker's Performance, Recallability  The Political Environment   ...This penchant for secrecy and power politicking has corroded the state's civic climate and led to poisonous partisan legislating and ideological policy-making...
Teamsters get 3 percent raise in each of two years  Pekin Daily Times   ...Teamsters Local 627 workers with the city of Pekin will see a 3 percent pay increase in each of the next few years, but they will also see a slight increase in their health insurance contributions...