Skip to main content

Loeb Opposes Teachers Union on Pensions as Asness Quits

Martin Z. Braun and Amanda Gordon Bloomberg
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.

Do private-sector unions still have a future in the U.S.?

Brad Plumer The Washington Post
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.

How Taxpayers Subsidize Union Avoidance by Wal-Mart and Nissan

Phil Mattera Dirt Diggers Digest
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.

Nearly 300 Cambodian Garment Makers Fired over Strikes

Reuters
Low-cost labor has attracted Western brands to the Southeast Asian country and garments now account for around 75 percent of its exports, but strikes over pay and working conditions have become common. Thousands of workers at Sabrina (Cambodia) Garment Manufacturing Corp went on strike for higher pay from May 21.

Austerity Hampered Job Growth

Heather Boushey The Wall Street Journal
Sharp cuts in government spending implemented March 1 as part of the sequester are slowing the recovery. The federal government shed another 14,000 workers in May, for a total of 45,000 jobs cut over the past three months. The federal work force now is smaller than at any time since February 2008.

Book Review: "Just Cause, A Union Guide"

Rand Wilson Portside
Just Cause: A Union Guide to Winning Disciplinary Cases is no exception. Based on more than four years of research into 15,000 arbitration awards and the author’s long experience representing unions, the book presents a new method to analyze and present disciplinary cases.

How Unions Avert Tragedies, Save Lives

A building collapse in Philadelphia kills 6 - a non-union contractor with a shady history faces scrutiny - see 2 articles below. The factory collapse in Bangladesh that killed more than 1,100 workers is another glaring example of workers without union protection at the mercy of greedy employers and corrupt politicians. But this cycle can finally be broken if demands for change start to focus on workers’ right to form trade unions - see opinion column below.

Protesters and Police Clash at Nike Factory in Cambodia

ValueWalk.com
While so far protests remain isolated, poor conditions across Cambodia, and poorer Asian states for that matter, could result in more widespread demonstrations. Bangladesh may be garnering most of the headlines due to recent tragedies, but conditions across poorer Asian states remain equally dire. Still, governments are hesitant to step in out of fear that manufacturers will relocate elsewhere, taking jobs and tax revenues with them.