Posted on Apr 30, 2009 by J. Justin Wilson
The Labor Department heeded union complaints against greater transparency by moving to rescind financial disclosure rules. This was at the top of the AFL-CIO’s “To Do List” for the Obama Administration. Union officials complain about financial disclosure and transparency requirements. But they have few qualms with imposing those same requirements upon others. In a January […]
Posted on by J. Justin Wilson
The New York Times has a brutally honest headline: “As Detroit Is Remade, the U.A.W. Stands to Gain.” The article goes onto highlight just how much the UAW stands to gain and its disproportionate influence on automobile policy. A few of the key points to take away from the article: The UAW will get to […]
Posted on by J. Justin Wilson
The Hill has a piece on the AFL-CIO’s Bill Samuel calling for Congress to act soon on EFCA rather than wait after the 2010 elections. Samuel: “I think it would be a mistake to wait. We don’t know what the outcome of the 2010 election will be. We don’t know what the political situation is […]
Posted on by J. Justin Wilson
The Wall Street Journal has a scathing editorial today against the government’s restructuring plan for GM. Under the terms of the debt-for-equity swap, the Treasury will get 50 percent of the stock and $8.1 billion in debt – as much as 87 cents on the dollar. The UAW’s retiree health care trust fund will get […]
Posted on by J. Justin Wilson
The SEIU is patting itself on the bank for their supposed role in Ken Lewis’ ouster as chairman of Bank of America yesterday. Lewis still remains President and CEO of the company though. The SEIU has railed on the bank for executive compensation, lending practices, and taking government bailout funds. But what you won’t hear […]
Posted on Apr 29, 2009 by J. Justin Wilson
According to a recent report by the FEC, unions spent the most on independent expenditures for the 2008 cycle of any interest group. Unions spent $58.6 million to be exact, which was nearly $14 million more than the next group (trade/membership/health) and accounted for 43 percent of total independent expenditures for the cycle. The amount […]
Posted on by J. Justin Wilson
Following up on the cartoon we shared yesterday, The Denver Post details Colorado business leaders’ efforts to persuade Sen. Michael Bennet to oppose EFCA. The president of the Denver Metro Chamber of Commerce and other business officials met with the senator in D.C. this week to detail their opposition and deliver a letter signed by […]
Posted on Apr 28, 2009 by J. Justin Wilson
The Wall Street Journal reports that the United Auto Workers will eventually own 55 percent of Chrysler stock under the terms of a deal reached by the union and company. Fiat SpA will eventually take up 35 percent while the U.S. government and Chrysler’s other lenders will end up with the remaining 10 percent. According […]
