Hiring & Firing Brad Szollose's Official Blog @Work American Rights at Work BloggingStocks company offshoring jobs – Google News The Curious Capitalist Annual ReportsHello Mish I read your blog every day. I do not comment much, but I think the MSM and most blogs are missing out on the greatest story not being told. Large corporations are abandoning the US. I work for IBM. Here is a snapshot of IBM’s US headcount: 2005 133,789 2006 127,000 2007 121,000 [...]
I want you to reread this article that come across this morning incase you missed it. These same insurance companies with their leagues of attornies are the very same people that are putting Americans out of work and finding ways not to have to make good on paying insurance benefits out. I know there are [...]
Edward Hugh at Euro Watch is asking From A Greek Debt Crisis To A Eurozone Structural One? When we look back five years from now, will we see this week as marking a turning point in the short, but far from uneventful, ten year history of Europe’s common currency? Simon Derrick, chief currency strategist at [...]
In response to California USA vs. Ontario Canada – Which State (Province) Is In Worse Shape? a reader from Queensland says North America is the bush-league compared to Australia. Luke writes …. You North Americans are simply not doing debt slavery quite right. I am obliged to point out Queensland, Australia is a clear winner. [...]
By Art Levine Even as Senators skipped town before a two-week break without extending unemployment insurance and COBRA health subsidies, hopes are rising among congressional liberals and unions that stronger job creation measures could win the backing of emboldened Democratic leaders and President Obama. (Some state-based officials also expect state agencies to tide over workers at risk [...]
Want a job scooping poop? 260 people do. They applied for a job opening on Craigslist posted by Guy Palumbo, owner of Roscoe’s Ranch, a 24-kennel outfit. Please consider Recession’s untold story You want to be the kennel helper? You’re on the hook for the poop. You’ll spend part of every day scooping it up [...]
By Lindsay Beyerstein It’s about damned time. Flush from his victory on healthcare reform, President Obama announced 15 recess appointments on Saturday. Craig Becker and Mark Pearce are among the newly minted members of the Obama administration; both will join the National Labor Relations Board (NLRB). The recess appointments bypass Senate Republicans and a handful [...]
Here is a weekend wrapup of stories of interest over the past week or so that I was unable to comment on at the time in more detail. Bid Rigging Conspiracy at JPMorganJPMorgan, Lehman, UBS Named in Bid-Rigging Conspiracy March 26 (Bloomberg) — JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were [...]
It didn’t take long for Big Insurance to look for loopholes in the health care reform law. Just days after it was signed by President Obama, insurance companies are trying to weasel out of provisions designed to end the abuse and outrageous practices the insurance industry has inflicted on consumers and patients for years. Sick kids are their [...]
“The truest act of courage…is to sacrifice ourselves for others in a totally nonviolent struggle for justice.” —Cesar Chavez By R.M. Arrieta The day the body of Cesar Chavez, civil rights leader and founder of the United Farm Workers (UFW), was brought to Delano in California, I cut out of work with a co-worker and [...]
Today’s Breakfast with Dave is a long one, easily packing three days of work in a 19 page PDF as Rosenberg will not be writing the next two days. Here is a snip from Rosenberg called What’s On The Worry List? • Last week’s bond auctions did not go well. It seems that Japan and [...]
Justin Nickels, AFSCME’s state coordinator, is working with the Arkansas AFL-CIO for a few weeks and reports on Sen. Blanche Lincoln’s misleading and downright dirty political ad against her Democratic opponent, Lt. Gov. Bill Halter. Sen. Blanche Lincoln recently took out a TV ad attacking Lt. Gov. Bill Halter that was both a [...]
17,000 San Francisco city employees reach tentative contract, and more news from the “Bargaining Digest Weekly.” The AFL-CIO Collective Bargaining Department delivers daily, bargaining-related news and research resources to more than 1,200 subscribers. Union leaders can register for this service through our website, Bargaining@Work. NEGOTIATIONS Multiple, City of San Francisco: Unions representing San Francisco city [...]
he Securities and Exchange Commission today charged an Ohio-based investment adviser with fraud for lying about his investment strategy, fabricating account statements to hide losses, and using investor money to buy property and pay unrelated business expenses.
President Obama announced on Saturday he will use recess appointments to fill 15 important positions that Republican senators have blocked for an average of 214 days. Two of those appointments are Craig Becker and Mark Pearce to the National Labor Relations Board (NLRB). Says Obama: The United States Senate has the responsibility to approve or [...]
Inquiring minds are interested in a comparison between the state of California and Ontario, a province of Canada. “Firefiend” Writes: Hi Mish Love your blog. Read it on a daily basis. Heard on the radio today that Ontario, Canada budget deficit is going to be around $21 billion and thought I do some quick comparisons. [...]
To postulate (POS-chuh-late) — from the Latin for “petition” — is to hypothesize; to claim or assume as a basis for reasoning or arguing. Example (as used by Dr. Srikumar Rao today): “Bear with me as I postulate some horrible scenarios and try to ram home the idea that the model(s) you use to describe [...]
You’re at a party and are introduced to someone you find extremely attractive who asks about you. What do you say? A senior executive is interviewing you for what you’re sure is your dream job and asks you to talk about yourself. What do you say? You’re ready to buy a co-op in Manhattan and [...]
State and federal regulators closed four more banks on Friday, bringing the total for the year to 41. The biggest bank to fail was Desert Hills Bank in Phoenix, which had $426.5 million in deposits and $496.6 million in assets. The Federal Deposit Insurance Corp. was appointed as receiver, and arranged for AmTrust [...]
I had high hope that a Vallejo bankruptcy would set the tone fore dealing with unions. Sadly, that is not the case. Please consider Vallejo’s Painful Lessons in Municipal Bankruptcy by Steven Greenhut. In 2008, Vallejo, Calif., was nearly broke. Faced with falling tax revenues, rising pension costs, and unmovable public-employee unions, the city was [...]
In response to Surprising Inability To Think Clearly About Privatization; Teachers Unions, The Child Molester’s Best Friend, please consider two emails. The first is from a parent concerned about administrative overhead and other public school inefficiencies. The second is from a teacher who does not want to be held accountable for performance unless he can [...]
I have good news for those fresh out of college. New College Graduates To Be Cryogenically Frozen Until Job Market Improves In a bold new measure intended to address unemployment among young professionals, lawmakers from across the political spectrum agreed on legislation Tuesday to subsidize the cryogenic freezing of recent college graduates until the job [...]
To reach a new generation of young people, the International Trade Union Confederation (ITUC), in recent days, launched a new global campaign to help global unions combine their day-to-day work and help young people join unions. The Youth Campaign involves a range of tools, including video, social networking, posters and websites, as [...]
Inquiring minds are reading Rich Stunned by Recession Sell Munis for First Time by Bloomberg columnist Joe Mysak. For the first time in decades, the rich showed no confidence in state and local governments during a recession. This astonishing tale is told in the new edition of the Internal Revenue Service’s Statistics of Income Bulletin, [...]
"Year after year, we’ve seen billions of taxpayer dollars handed out as subsidies to the bankers and middlemen who handle federal student loans, when that money should have gone to advancing the dreams of our students and working families. And yet attempts to fix this problem and reform this program were thwarted by special interests [...]
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