The new division of labor: Adding profits, subtracting workers Washington Post ...If Chamber President Tom Donohue wants to round up those responsible for the lack of job growth in this country, all he has to do is call a meeting of his board of directors.
In Michigan Visit, Trade Talk Is Taboo Wall Street Journal ...On his first presidential visit to the heart of the American auto industry Friday, President Barack Obama is likely to avoid a subject that's high on Detroit's list of concerns—trade.
Thrifty Rivals Know Value of Dollar Wall Street Journal ...Avis Budget vowed not to let Hertz carjack Dollar Thrifty, but its own offer still has a whiff of grand theft auto about it.
Jobless Claims Fall Wall Street Journal ...In a positive sign for the labor market, the number of workers filing new claims for jobless benefits fell last week by more than expected and continuing claims fell to their lowest level since December 2008.
U.S. Economic Growth Slowed to 2.4% Rate in 2nd Quarter New York Times ...The United States economy expanded at an annual rate of 2.4 percent in the second quarter, after expanding 3.7 percent in the previous three months.
House rejects bill to aid sick 9/11 responders Associated Press
Friday, July 30, 2010
Thursday, July 29, 2010
Analogies we didn't expect
Hank Stuever describes how the 20-something cast of 'Jersey Shore' headed to Florida during the winter. From today's Washington Post:
They have the grim determination of Teamsters about them this time -- they have a job to do and they'll do it well.
Make It In America
United Steelworkers President Leo Gerard argues that the federal government needs to spend money on manufacturing.
he writes in In These Times.
Speaker Nancy Pelosi says the House will soon pass “one bill after another” supporting American manufacturing. The House last week passed a bill to train people for jobs in emerging industries, which the Teamsters support. Another bill passed to ease American industries’ access to raw materials.
On Wednesday the House passed three more "Make it in America" bills.
Pelosi said in a statement:
More are on the way. It's about time.
...After all the support America has given the financial sector – estimated to total more than $4 trillion – it’s time for Congress to invest in the productive sector, the one that creates jobs, real wealth and American power,
he writes in In These Times.
Speaker Nancy Pelosi says the House will soon pass “one bill after another” supporting American manufacturing. The House last week passed a bill to train people for jobs in emerging industries, which the Teamsters support. Another bill passed to ease American industries’ access to raw materials.
On Wednesday the House passed three more "Make it in America" bills.
Pelosi said in a statement:
With these measures, we are calling for a strategy to strengthen our manufacturing base and create jobs. We will help U.S. clean energy technology firms market and sell their products here and around the world – ensuring that American energy and know how power the 21st century. And we will take steps to reduce our trade deficit, strengthening our economy and our national security.
More are on the way. It's about time.
Links 07/29/10
California's Building Bust Choking Off Jobs Wall Street Journal ... California's construction industry continues to hemorrhage jobs, helping to explain why unemployment across the state remains so much worse than elsewhere in the country.
Avis Tops Hertz Bid For Dollar Wall Street Journal ...Avis Budget Group Inc. announced Wednesday that it is offering $46.50 a share for Dollar Thrifty Automotive Group Inc., topping rival Hertz Global Holdings Inc.'s $39-a-share proposal.
Job Subsidies Also Provide Help to Private Sector New York Times ...States are putting hundreds of thousands of people directly into jobs.
Ports trade tricks for greener jobs Politico ...Rep. Jerrold Nadler (D-N.Y.) — with over 55 colleagues from 15 states — is leading the effort Thursday to end the Third World practices of our nation’s ports by introducing the CLEAN Ports Act.
Avis Tops Hertz Bid For Dollar Wall Street Journal ...Avis Budget Group Inc. announced Wednesday that it is offering $46.50 a share for Dollar Thrifty Automotive Group Inc., topping rival Hertz Global Holdings Inc.'s $39-a-share proposal.
Job Subsidies Also Provide Help to Private Sector New York Times ...States are putting hundreds of thousands of people directly into jobs.
Ports trade tricks for greener jobs Politico ...Rep. Jerrold Nadler (D-N.Y.) — with over 55 colleagues from 15 states — is leading the effort Thursday to end the Third World practices of our nation’s ports by introducing the CLEAN Ports Act.
Wednesday, July 28, 2010
Links 07/28/10
Public Employees Get More Benefits Wall Street Journal ...88% of state and local government workers had access to employer-sponsored medical plans, compared with 71% of private-sector workers
UAL-Continental Merger Moves Ahead Wall Street Journal ...Negotiations between UAL Corp.'s United Airlines and Continental Airlines Inc. are picking up pace, with parties believing a merger deal could be reached at the end of this month or early May
The jobs machine grinds to a halt Washington Post ...Ain't no hiring. And ain't likely to be any for a good long time.
Qualms build over consumer agency Politico ...The BCFP will also enjoy broad rule-making and enforcement authority over virtually all financial institutions in the nation.
Companies hold record $837B in cash, yet won't hire workers USA Today ...instead of spending on the typical things, such as expanding and hiring people, companies are mostly pocketing the money and stuffing it under their corporate mattresses.
Cities, counties face job cuts Las Vegas Review-Journal ...Nearly half a million city and county government jobs could be eliminated nationwide in the next two years because of budget shortfalls, a new study estimates.
UAL-Continental Merger Moves Ahead Wall Street Journal ...Negotiations between UAL Corp.'s United Airlines and Continental Airlines Inc. are picking up pace, with parties believing a merger deal could be reached at the end of this month or early May
The jobs machine grinds to a halt Washington Post ...Ain't no hiring. And ain't likely to be any for a good long time.
Qualms build over consumer agency Politico ...The BCFP will also enjoy broad rule-making and enforcement authority over virtually all financial institutions in the nation.
Companies hold record $837B in cash, yet won't hire workers USA Today ...instead of spending on the typical things, such as expanding and hiring people, companies are mostly pocketing the money and stuffing it under their corporate mattresses.
Cities, counties face job cuts Las Vegas Review-Journal ...Nearly half a million city and county government jobs could be eliminated nationwide in the next two years because of budget shortfalls, a new study estimates.
Friday, July 23, 2010
Links 07/23/10
President Obama signs six-month extension of emergency unemployment benefits Washington Post ...The jobless bill revives a program that provides up to 99 weeks of income support to those who have lost their jobs in the recession.
Treasury Secretary Geithner says tax cuts for rich should expire Washington Post ...the White House wants to extend Bush-era tax cuts that benefit families earning less than $250,000 a year. But he said President Obama believes cuts affecting the top tax brackets should be allowed to expire on Jan. 1 to help reduce the nation's bloated budget deficit.
Lobbying By Obama Administration Foe U.S. Chamber of Commerce Grows To More Than $44 Million This Year OpenSecrets.org ...The lobbying powerhouse U.S. Chamber of Commerce, along with its subsidiaries, spent a whopping $13.4 million on federal, state-level and grassroots lobbying during the second quarter.
Netroots-Labor Solidarity: A Work in Progress In These Times ...Netroots Nation shuns hotel over worker treatment, as bloggers and labor strenghen alliance.
Union, Giant Food strike deal on 341 jobs for warehouse: Grocer transferring operations in Jessup Maryland Business Gazette ..."We have reached agreement with Teamsters Local 730 concerning the effects of the transfer...
Which Senate hopefuls would defend secret ballots in union votes? Charleston Daily Mail ...
The AFL-CIO believes Manchin supports the plan. The state Chamber of Commerce believes Manchin opposes such measures.
U.P.S., Citing a Strong Performance, Raises Outlook New York Times ... the package delivery company said Thursday that its second-quarter net income increased 90 percent and raised its earnings outlook for the year
Continental Returns to Profit Wall Street Journal ...Continental Airlines Inc. reversed a big year-earlier loss in the second quarter, beating Wall Street estimates and underlining the airline industry's broader turnaround.
Treasury Secretary Geithner says tax cuts for rich should expire Washington Post ...the White House wants to extend Bush-era tax cuts that benefit families earning less than $250,000 a year. But he said President Obama believes cuts affecting the top tax brackets should be allowed to expire on Jan. 1 to help reduce the nation's bloated budget deficit.
Lobbying By Obama Administration Foe U.S. Chamber of Commerce Grows To More Than $44 Million This Year OpenSecrets.org ...The lobbying powerhouse U.S. Chamber of Commerce, along with its subsidiaries, spent a whopping $13.4 million on federal, state-level and grassroots lobbying during the second quarter.
Netroots-Labor Solidarity: A Work in Progress In These Times ...Netroots Nation shuns hotel over worker treatment, as bloggers and labor strenghen alliance.
Union, Giant Food strike deal on 341 jobs for warehouse: Grocer transferring operations in Jessup Maryland Business Gazette ..."We have reached agreement with Teamsters Local 730 concerning the effects of the transfer...
Which Senate hopefuls would defend secret ballots in union votes? Charleston Daily Mail ...
The AFL-CIO believes Manchin supports the plan. The state Chamber of Commerce believes Manchin opposes such measures.
U.P.S., Citing a Strong Performance, Raises Outlook New York Times ... the package delivery company said Thursday that its second-quarter net income increased 90 percent and raised its earnings outlook for the year
Continental Returns to Profit Wall Street Journal ...Continental Airlines Inc. reversed a big year-earlier loss in the second quarter, beating Wall Street estimates and underlining the airline industry's broader turnaround.
Thursday, July 22, 2010
Q. What do small businesses want most?
A. People to buy their stuff.
Thanks to the Washington Post's Ezra Klein, we have the results of a recent National Federation of Independent Business survey. It shows small businesses aren't mostly concerned with taxes or regulation. They're concerned about lack of demand.
Which brings us to the next question.
Q. How do you increase demand?
A. Create jobs.
Thanks to the Washington Post's Ezra Klein, we have the results of a recent National Federation of Independent Business survey. It shows small businesses aren't mostly concerned with taxes or regulation. They're concerned about lack of demand.
Which brings us to the next question.
Q. How do you increase demand?
A. Create jobs.
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