As you begin your work week, we though we'd share some of the news we're posting for you this week:
In the 'It's the Economy, Stupid' Department:
- This morning, all eyes are on the Federal Reserve and the Treasury Department, as the Fed is apparently looking into a Nordic-style of nationalization of U.S. Banks, while the Treasury Department is set to announce a whole new slew of regulations we're sure will further encroach upon the already-overly regulated U.S. economy.
- As the UAW strike at American Axle drags on well into its second month, causing the closure and unemployment of tens of thousands of GM workers, fears begin emerge that the strike is tipping the U.S. into further recession. Meanwhile, American Axle has begun advertising for replacement workers to begin filling vacancies.
- In related news, the United Auto Workers lost another 73,500 members in 2007.
- In the Mid-Atlantic states, it appears that grocery chains Safeway and Giant Foods have reached a tentative agreement with the UFCW, averting a strike that would have affected 25,000 workers and hundreds of thousands of shoppers.
- In Hollywood, just as the effects of the 100-day long writers' strike begins to wear off, new strike fears emerge as the actors' unions begin their negotiations with conflict between SAG & AFTRA dividing the two unions.
On a Lighter Note...
- The Teamsters must be foaming at the mouth right now at Barak Obama. It seems as though the rock-star candidate decided to have a beer while on his campaign swing through Pennsylvania. Problem is, the beer happened to be a Yuengling--a Pennsylvania-brewed beer that just happens to be union-free and the subject of a Teamster boycott.
- It seems union organizers are so desperate today that they'll go after anyone...including carwash workers. That's right, carwash workers in the City of Angels (Los Angeles)--many of whom are illegal aliens--are being targeted by the AFL-CIO and the Steelworkers to become unionized. After helping to push the steel industry out of the U.S., it's just still too hard for us to imagine that carwash jobs are going to be the type of jobs that union organizers like to boast of as "middle class jobs". Seems more likely that the workers will just be a quick ticket for the union to siphon off more dues.
For this and more union-related news, go to EmployerReport.com
Please have a productive and prosperous week.