Monday, July 9, 2012

Today's Teamster News 07.09.12

European austerity returns  Macrobusiness   ...the contagion that began in Greece and that has now reached the core of Europe is beginning to leak outwards to the rest of the world...
U.S. pushes for more scientists, but the jobs aren’t there  Washington Post   ...a decade of slash-and-burn mergers; stagnating profit; exporting of jobs to India, China and Europe; and declining investment in research and development have dramatically shrunk the U.S. drug industry, with research positions taking heavy hits...
Oakland City Council Demands Debt-Swap Renegotiation With Goldman Sachs  firedoglake   ...“This is part of a growing movement of accountability on banks who took billions from taxpayers but not paying it forward.” … aWall Street banks have over 1,000 similar interest rate-swap deals with local governments and agencies, and if Goldman Sachs blinks, it could create space for other governments to join in on this protest movement...
PA City Defies Court Order; Reduces Police Officers, Firefighters’ Pay To Minimum Wage  ThinkProgress   ...Amid Scranton’s ever-deepening financial crisis, Mayor Chris Doherty said his administration is going forward with a plan to unilaterally slash the pay of 398 workers to the federal minimum of $7.25 an hour with today’s payroll, insisting it is all the city can afford...
From "Recall Walker" to "Question Austerity." A movement continues.  Journal Sentinel   ...Hall is a co-founder and driving force in the Overpass Light Brigade —an all-volunteer gathering in Milwaukee that comes out at sunset and shows up at pedestrian passages over the freeway to hold well-lit placards and send messages to travelers below...
EOBR Cut-Off Faces Opposition in Senate  Truckinginfo.com   ...A bid by owner-operators to cut off funding for the Federal Motor Carrier Safety Administration's electronic onboard recorder rule appears unlikely to pass...