Sunday, June 3, 2012

Today's Teamster News 06.03.12

China’s renmimbi is depreciating, not appreciating  Trade Reform   ...China’s currency undervaluation is 25-40%.  That is a 25-40% price advantage when selling to the U.S. and competing with domestic firms here… courtesy of the Communist Party of China...
Analysis: Greeks count mental health cost of a country in crisis  Reuters   ... Behind every suicide in crisis-stricken countries such as Greece there are up to 20 more people desperate enough to have tried to end their own lives. And behind those attempted suicides, experts say there are thousands of hidden cases of mental illness, like depression, alcohol abuse and anxiety disorder, that never make the news, but have large and potentially long-lasting human costs...
World’s Richest Lose $24 Billion As Adelson Fortune Drops  Bloomberg   ...The world’s richest people lost a combined $24.4 billion this week as concerns over Spain’s rising borrowing costs and the sputtering American job market caused global markets to tumble. Casino mogul Sheldon Adelson lost $2.2 billion...
Mitt Romney’s big green flop  Boston Herald   ...A Bay State solar panel developer that landed a state loan from Mitt Romney when he was Massachusetts governor has gone belly up — a day after the GOP presidential hopeful ripped President Obama’s green-energy investments...
An autocratic King Scott damaged state (opinion)  Milwaukee Journal Sentinel   ...In these waning hours before Tuesday's recall election, Wisconsin's undecided voters must feel like the last pork chop on the Green Bay Packers' training table. The undecideds - all eight of them - could make a difference in a tight race...
Motion to suppress future evidence in John Doe investigation filed  WTAQ.com   ...An attorney for one of Governor Scott Walker’s former aides has filed a motion to suppress evidence gathered in the John Doe investigation...
CP workers back on the job  Northern Life   ...The Teamsters Canada Rail Conference said its members are not happy with the federal government's move to force them back to work, but are advising the 4,800 union members to obey the law and report to work...