Wednesday, November 24, 2010

Today's Teamster News 11.24.10

Teamsters leader loses layoff arbitration case against Martin County  TCPalm  ...Curley led the revolt against the Public Employees United union in 2007 that resulted in the county's clerical and blue collar workers being represented by Teamsters Local 769. She was later named chief shop steward...
Corporate Profits Hit Record  Wall Street Journal  ...U.S. companies' profits rose in the third quarter to an annual rate of $1.66 trillion, the highest on record, reflecting the divergence between the recovery for the corporate sector and American households...
Record Corporate Profits Are Coming Out of Workers' Hides  Daily Finance   ...between the third quarter of 2009 and the same period on 2010, productivity was up 2.5% as output rose 4.1%, hours worked increased 1.6%, and unit labor costs fell 1.9%...
Barack Obama: Kokomo proves auto bailout worked  Politico   ...The GM stock sale and the revival of the plant, he added, proves that his decision to rescue the industry — decried by Republicans — saved jobs that otherwise would have vanished and triggered Kokomo’s economic rebound...
"Effects of the Financial Crisis and Great Recession on American Households"  Economist's View   ... almost 40% of households have been affected either by unemployment, negative home equity, arrears on their mortgage payments, or foreclosure...
Bush Excessive Tax Cuts for Wealthy Go to Help Create Jobs Overseas, Not in America  Buzzflash
Wallets Out, Wall Street Dares to Indulge  New York Times   ...Two years after the onset of the financial crisis, the stock market is recovering and Wall Street’s elite are splurging...