Thursday, July 26, 2012

Today's Teamster News 07.26.12

Senate passes bill to keep tax cuts for the middle class  Washington Post   ...The Senate on Wednesday narrowly approved a plan to preserve tax cuts for the middle class while letting them expire for the wealthy, a powerful if largely symbolic victory for Democrats who have been pushing to raise taxes on the rich for more than a decade...
Reliance on imports leaves U.S. vulnerable to disasters, report says  Washington Post   ...The report, which (former homeland security secretary Tom) Ridge shared with homeland security officials Tuesday morning, warns that the offshoring of U.S. factories means that rebounding from a catastrophe will be more difficult because so many critical supplies would have to come from overseas...
Public pension funds to face calls to set realistic targets  Reuters   ...At least three of the nation's largest U.S. public pension funds have already announced returns of between 1 percent and 1.8 percent, far below the 8 percent that large funds have typically targeted...
Wisconsin second worst in construction job losses  Milwaukee Journal Sentinel   ...the employment is likely to remain flat or shrink if federal and state officials continue to pull back on large infrastructure projects, Simonson said...
Waste Management drivers strike; trash, recycling collection halted  Seattle TImes   ...Garbage, recycling and yard-waste pickup for most of Waste Management's 220,000 customers in King and South Snohomish counties stopped Wednesday when Teamsters went on strike against the region's largest refuse service over wage and benefits issues...
McKesson Shareholders Back Teamsters' Call For Independent Chairman - Quick Fact  Nasdaq   ...McKesson investors have been concerned with board oversight since 1999, when the company was the center of an accounting fraud that resulted in a single day loss of $9 billion of shareholder value and paid out nearly $1 billion in shareholder lawsuit settlements...