Friday, June 8, 2012

Today's Teamster News 06.08.12

Mortgage Rates In U.S. Fall To Record Lows With 30-Year At 3.67%  Bloomberg   ...Mortgage rates in the U.S. dropped to record lows for a sixth straight week as concerns over slowing job growth pushed investors into the safety of government bonds that guide interest costs...
Oil Heads For Longest Weekly Losing Streak In 13 Years  Bloomberg   ...Oil fell a second day in New York, heading for the longest weekly losing streak in more than 13 years, on speculation the economies of the U.S. and China, the world’s biggest crude consumers, will slow and curb fuel demand...
The Fortunate 400  Reuters   ...Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year's election campaign...
House Democrats Propose Increasing Minimum Wage To $10  ThinkProgress   ...The minimum wage hit its peak buying power in 1968; to have the same buying power today, the minimum wage would have to be $9.92. If the minimum wage had been indexed to the Consumer Price Index since 1968, it would be approximately $10.40 today...
Nuns' group plans bus trip to protest the Ryan budget  CNN   ...NETWORK, a group founded by 47 Catholic sisters that speaks out on social justice issues in particular, will be hitting states like Iowa, Wisconsin, Ohio, Pennsylvania and Virginia in order to reveal “how federal budget cuts proposed by Rep. Paul Ryan, (R-WI), and passed by the House of Representatives will hurt struggling families in these states,” a release by the group reads...
LABOR: Clock to start early for Teamsters, UPS  The Press-Enterprise   ...More than a year before its current contract expires, the Teamsters are gearing up for its next round of discussions with UPS...
Labor battle brewing between Teamsters, Waste Management  KOMO News   ..."It's a basic equity concept. it's equal pay for equal work. and i think everybody can understand that if you're working side by side with somebody performing exactly the same job and they're getting paid so much more than you, that's not right," said Tracey Thompson of Teamsters Local 117...