Portside

In April, the union included four billionaires on its “watch list” of money managers that support groups the labor organization said are hostile to traditional public pensions. The groups included StudentsFirst, an organization that backs eliminating tenure and funding charter schools at the same level as public ones. Daniel Loeb, founder of Third Point LLC, an activist investor is the only one of 33 managers targeted by the AFT to push back publicly against the union.

The first copy of IndustriALL Global Union’s biannual print magazine “Global Worker” was launched this week at the 28-29 May IndustriALL Executive Committee.

The first copy of IndustriALL Global Union’s biannual print magazine “Global Worker” was launched this week at the 28-29 May IndustriALL Executive Committee.

Brad Plumer's blog post summarizes a long and interesting essay in the latest issue of "Democracy" that analyzes the decline, and long-term outlook, of private-sector unions in the United States. He highlights 3 factors: Taft-Hartley was the beginning of the end for unions in the private sector; labor’s recent attempts to launch new organizing drives aren’t working; and organized labor tends to expand only at rare points in history.

The study, which updates a 2004 report by the committee, reviews the hidden taxpayer costs stemming from the fact that many Wal-Mart workers have no choice but to use social safety net programs -- such as Medicaid, Section 8 Housing, food stamps and the Earned Income Tax Credit -- that were designed for individuals not in the labor force or those working for small companies that failed to provide decent compensation, not a leviathan with $17 billion in annual profits.