Sunday, May 20, 2012

Today's Teamster News 05.20.12

At Big U.S. Companies, 60% of Cash Sits Offshore: J.P. Morgan  CFO Journal   ...Apple had the highest offshore corporate cash balance, with $74 billion held overseas, representing 67% of its total cash holdings. But as a percentage of total cash, J.P. Morgan said the company had a smaller amount sitting offshore than many of its tech rivals, including Microsoft, Cisco, and Hewlett-Packard, which had 89% or more of their cash overseas. Microsoft, General Electric, Cisco Systems, Google,  and Oracle had the next largest dollar amounts of cash held overseas...
A Victory for All of Us  truthdig   ...Judge Forrest struck down language in the law that she said gave the government the ability to incarcerate people based on what they said or wrote...
Quebec student protesters find creative ways around controversial new law  The Star   ...Bill 78 lays out strict regulations governing demonstrations of over 50 people, including having to give eight hours’ notice for details such as the protest route, the duration and the time at which they are being held. Failure to comply could bring stiff penalties for the organizers, but the law could be difficult to enforce...
How Competition Is Killing Higher Education  Bloomberg   ...It’s about “keeping up with the Joneses,” an official at Wright State University said in a Dayton Daily News article last fall detailing why colleges in Ohio were spending hundreds of millions of dollars on student centers and other nonacademic attractions in a down economy...
Marquette faculty members rebuke Ryan budget  Milwaukee Journal Sentinel   ...More than 50 faculty members at Marquette University, including a dozen theologians, have issued a public letter to U.S. Rep. Paul Ryan criticizing his proposed budget as morally unjust and accusing him of distorting Catholic social teaching in its defense...
Canadian Pacific says union gives strike notice  Reuters   ...Canadian Pacific Railway Ltd (CP.TO: Quote) said on Saturday the union representing nearly 5,000 engineers, conductors and traffic controllers submitted a 72-hour strike notice, giving workers the right to walk off their jobs as early as Wednesday...