Monthly Archives: June 2012

labor movement

A Republican in North Carolina did the right thing on Workers’ Comp?

North Carolina business owners may find it harder to escape having workers’ compensation coverage after state lawmakers approved a bill closing a legal loophole that had resulted in tens of thousands of employers going without coverage leaving injured workers to fend for themselves. State lawmakers’ approval of HB 273, sponsored by Nelson Dollar, R-Wake, came


Brothers and Sisters! Letter Carrier hunger strike in DC!

Planned cuts to the U.S. Postal Service that would cost more than 100,000 active workers their jobs, cut another 100,000 by attrition, close post offices and cut service nationwide prompted eight retired union Letter Carriers to begin a hunger strike in D.C. on June 25. via Hunger strike underway in D.C. » peoplesworld. My mother

labor movement

New chapter in the American Airlines labor story

But if American can win six-year cost-cutting deals with pilots, and possibly also with mechanics, it could demonstrate to creditors that it has a workable plan to reduce costs and come out of bankruptcy as a profitable operation. That’s been the goal of AMR CEO Thomas Horton. via American offers to drop plans to lay


Wells Fargo too big to fail?

But old-fashioned banking can be risky too. By expanding so much in the mortgage industry, Wells Fargo is building a potentially dangerous concentration in one type of loan, said Mark Williams, a former U.S. Federal Reserve bank examiner who teaches at the Boston University School of Management. “What we know is that diversification is extremely


Merrill Lynch fined for overcharging customers

“Investors must be able to trust that the fees charged by their securities firm are, in fact, correct,” said Brad Bennett, the regulator’s chief of enforcement. “When this is not the case, investor confidence is threatened.” via Merrill Lynch fined for overcharging customers – Yahoo! News.