Sunday, August 31, 2014

Today's Teamster News 08.31.14

Teamsters
Wage Watch: Court ruling could upend FedEx's business model  Fortune   ...In a ruling with the potential to upend the logistics industry, a three-judge panel on Wednesday decided that FedEx Ground and FedEx Home Delivery drivers are employees of the company and not independent contractors, as FedEx had characterized them...
Trade
Top TPP negotiators to meet in Hanoi for 10-day trade talks  Japan Times   ...Top trade negotiators from 12 countries will hold 10-day talks in Hanoi from Monday, aiming to clinch a broad accord on a proposed Trans-Pacific Partnership pact by the end of November...
Wake up America Champions  Trade Reform   ...Post World War II we had about 19 million people employed directly in manufacturing – a sector where producers work.  That was roughly 10% of the population.  Today there are about 330 million people living in the United States.  About 3.5% of the population makes the stuff we consume. ..
State Battles
John Ketzenberger: Right to work and unions  The Star Press   ...The Indiana Supreme Court is scheduled to hear a case Sept. 4 from Lake County that found the right-to-work law unconstitutional. Another Lake County judge ruled the law unconstitutional in July. Both decisions hinge on the "particular services" clause of the state Constitution, which states "no person's particular services shall be demanded without just compensation."...
Who's Getting a Raise? Minimum Wage Hikes Gain Steam in States, Cities  NBC News   ...“Because Congress hasn’t acted, states and cities are doing it instead; $10.10 is the new starting point...”
Michigan hourly minimum wage rises to $8.15 on Labor Day  Oakland Press   ...It’s scheduled to increase regularly over the next few years before topping out Jan. 1, 2018 at $9.25...
War on Workers
Private equity's giant collusion case is over, as Carlyle folds  Fortune   ...The plaintiffs had argued that Carlyle and its co-defendants had conspired to not bid against each other on eight large “take-private” buyouts that occurred prior to the financial crisis...
Skydiving event in memory of worker killed in propeller accident  Journal-News   ...Sarah Rhoads, 24, of Miamisburg, died after being critically injured when she accidentally walked into an operating airplane propeller this past June...
More Jobs That Pay Decent Wages: How To Fight Poverty In The United States  IMF   ...nearly 40 percent of American adults will spend at least one year in poverty by the time they reach 60. During 1968–2000, the risk was less than 20 percent. More devastatingly, 1 in 5 children currently live in poverty and, during their childhood, roughly 1 in 3 Americans will spend at least one year living below the poverty line...
The Unprecedented Failure to Regulate Citigroup Continues  Wall Street on Parade   ...Wall Street’s self-regulator, the Financial Industry Regulatory Authority (FINRA), charged Citigroup with cheating its customers out of fair prices on preferred stock trades — 22,000 times. Citigroup was fined a meager $1.85 million, ordered to pay $638,000 in restitution, allowed to neither deny or admit the charges, and sent on its merry way to loot the next unwary investor...