Sunday, July 1, 2012

Today's Teamster News 07.01.12

Consumer Spending In U.S. Stalls As Hiring Weakens: Economy  Bloomberg   ...Purchases were little changed after a 0.1 percent rise the prior month that was smaller than initially reported, according to Commerce Department figures issued today in Washington. Another report showed household sentiment dropped this month to the lowest level of the year...
House and Senate pass highway bill that includes updated Buy America preferences  Manufacture This   ...The conference report of the highway bill contains several modest improvements to longstanding Buy America laws, including a provision that will end a segmentation loophole that is sometimes used to avoid utilizing American-made steel, iron, and manufactured goods when building highways and bridges...
Report: Investors buy nearly half of Oakland's foreclosed homes  The Bay Citizen   ...real estate investors have purchased – usually with cash – 42 percent of the 10,508 homes in Oakland that went into foreclosure between January 2007 and October 2011. Many of these investors are turning the homes into rental properties and charging rent that is significantly higher than the monthly mortgage payments many families would make if they purchased the homes...
Bobby Jindal: Libraries? We Don't Need No Stinkin' Libraries!  Crooks and Liars   ...No libraries for you, little people of Louisiana! Bobby Jindal just signed a $25 billion dollar budget that cut all state funding for libraries...
Studios and Teamsters, Other Crafts Unions Reach Tentative Agreement  The Hollywood Reporter   ...The tentative deal features 2 percent wage increases and additional funding of the health plan...
Teamsters approve bus contract for Reno area  RGJ.com   ...Nearly a decade after bus service in the Reno area screeched to a halt amid a strike, union officials and the company that now runs the service avoided another one. Negotiations between Teamsters Local 533 and MV Transportation Inc. resulted in a contract until June 30, 2014...