Sunday, June 10, 2012

Today's Teamster News 06.10.12

Did Republicans deliberately crash the US economy?  The Guardian   ...Be it ideology or stratagem, the GOP has blocked pro-growth policy and backed job-killing austerity – all while blaming Obama...
Zippo makes its 500 millionth lighter in the USA  Manufacture This   ...Zippo manufactures 12 million lighters a year, but it's estimated that Chinese factories manufacture 12 million counterfeits annually.  These cheap knockoffs do not have Zippo's famous durability, and the company finds itself being asked to repair them...
North Las Vegas Crisis Shows Fragility Of Nevada Economy  Bloomberg   ... Nevada’s third-largest city, whose population more than doubled to 217,482 in 2010 from 1999, is on the verge of insolvency. Facing a $33 million budget gap, elected leaders last week declared a state of emergency and gave the city manager unprecedented powers to suspend union contracts...
Spain Seeks $125 Billion Bailout As Bank Crisis Worsens  Bloomberg   ... A statement by euro region finance ministers said the loan amount will “cover estimated capital requirements with an additional safety margin.” Just seven months after winning a landslide victory, Prime Minister Mariano Rajoy was forced to abandon his bid to recapitalize Spanish banks without recourse to external help as a deepening recession forced lenders to recognize spiraling losses...
Michigan Court of Appeals delays ruling on Emergency Manager repeal petition signatures, weighs forming a 7-judge panel to review  eclectablog   ...This all smacks of an intentional effort to thwart the repeal without having to actually rule against the petitions...
School Bus Drivers, Teamsters Rally At Napa Valley Vineyard  IBT   ...School bus drivers with Cook-Illinois Corporation and Teamsters Joint Council 7 held a rally today at Benessere Vineyards in Napa Valley to call on its owner, John Benish Sr., to stop squashing Illinois school bus workers' rights...