Teamster News
Rep. Ellison Statement On The 80th Anniversary Of The 1934 Minnesota Teamsters Strike Rep. Keith Ellison ...The rights and protections that we enjoy today, from the 40-hour workweek to the minimum wage, are all thanks to the men and women of organized labor who faced violent backlash for their organizing....
Teamsters move to restrict obscene payout to McKesson CEO teamsternation ...The Teamsters are more than a little annoyed that McKesson CEO John Hammergren stands to take home $616.5 million if the company were sold tomorrow...
McKesson CEO's $292 Million Golden Parachute Faces A Proxy Fight Bloomberg Businessweek ...Hammergren’s potential payout under a change in control would include equity awards worth $140.6 million that were set up to vest only over time. They’d be his right away, though, if he were terminated after a sale. The International Brotherhood of Teamsters, which calls that kind of pay “unearned compensation for top executives on their way out the door,” has proposed a ballot measure urging McKesson’s board to reduce the accelerated vesting...
Trade
Proposed U.S.-China Treaty Would Expose U.S. Laws to Extrajudicial Attacks by Chinese Corporations, Incentivize More U.S. Job Offshoring Public Citizen ...Chinese Acquisitions, Establishment of U.S. Subsidiaries Growing at 80 Percent Annual Rate with 820 Major Deals Totaling More Than $37 Billion Since 2000...
US loses multi-billion dollar court cases against China and India Reuters ...The World Trade Organization agreed on Monday this week to side with claims against the United States made by both China and India concerning US-imposed tariffs on products exported to America...
Production Halted At Samsung China Supplier Amid China Labor Probe Reuters ...Production has been indefinitely halted at a Chinese supplier to Samsung Electronics Co Ltd after the factory was suspected of using child workers...
No US-Japan TPP framework seen until fall Nikkei Asian Review ...The mood was strained at times during negotiations Tuesday in Washington, and differences remain, but both sides agreed to work toward an early agreement, fearing that delays could derail the wider talks...
State Battles
Private Prison CEO Will Host Governor At $10-K-A-Plate Fundraiser Think Progress ...Over the past few years, private prison firm GEO Group has become known for inmate abuse, workplace violence, and fraudulent reporting at its U.S. facilities. ... But on Monday, Florida Gov. Rick Scott (R) will headline a $10,000-per-person VIP fundraiser at the home of GEO Group Chief Executive Officer George Zoley...
States That Raised Minimum Wage See Faster Job Growth, Report Says NPR ...New data released by the Department of Labor suggests that raising the minimum wage in some states might have spurred job growth, contrary to what critics said would happen...
Walker spent $320,000 from campaign on Doe defense attorneys Milwaukee Journal Sentinel ...The latest legal expenses come on top of almost $650,000 that Walker's campaign paid to attorneys during an earlier John Doe investigation into his aides and associates during his time as Milwaukee County executive. That brings the total the governor has had to spend on John Doe investigations to nearly $1 million...
Gov. Walker's Cross Country Cash Grab Rolls On One Wisconsin Now ...Fully 52 percent of his money raised from individuals ($4 million) came from donations in excess of $1,000 and 106 individuals gave Walker the maximum allowable contribution of $10,000 in the last six months...
War On Workers
Is the Employment Situation Really Improving? Wall Street Cheat Sheet ...The labor participation rate peaked at a little over 67 percent in the year 2000, and it has been declining ever since. It is now 62.8 percent, which is the lowest level since 1978, and it has been declining especially rapidly since the financial crisis when it was about 66 percent...
1 Worker Killed, 2 Hospitalized In Fort Lauderdale Construction Site Accident NBC South Florida ...One worker was killed and two others were hospitalized following an accident at a construction site in Fort Lauderdale Monday morning...
New college grads hit by slow wage growth: Fed study Reuters ...The researchers found that the slow wage growth does not reflect any shift in the types of jobs college grads get, and argued it would be "misguided'' to conclude that going to college is a poor investment...
Is Your Job Becoming Obsolete? 10 Most Endangered Careers of 2014 Wall Street Cheat Sheet ...The jobs to be wary of? Anything paper related. The decrease in paper can be attributed to several factors, including people reading the news on their tablets and smartphones, in addition to using email and social media to stay in touch rather than writing letters, per Forbes...
Rep. Keith Ellison Wants To Make Union Organizing A Civil Right MSNBC ...Minnesota Democratic Rep. Keith Ellison plans to unveil legislation that would make unionization into a legally protected civil right, the congressman said on Saturday. The bill, which he plans to formally introduce on July 30, would make it easier for workers to take legal action against companies that violate their right to organize...
Miscellaneous
Bad bet: Atlantic City's future looks bleak thanks to glut of casinos FOX News ...The rapid disintegration of Atlantic City's casino market might be an early indicator of what could happen in other parts of the country that have too many casinos and not enough gamblers...
