Tuesday, August 7, 2012

Today's Teamster News 08.07.12

Romney Persona Non Grata in Italy for Bain's Deal Skirting Taxes  Bloomberg   ... Bain was part of a group that bought a telephone-directory company from the Italian government and then sold it about two years later, at the peak of the technology bubble, for about 25 times what it paid. Bain funneled profits through subsidiaries in Luxembourg, a common corporate strategy for avoiding income taxes in other European countries...
Why Does Mitt Romney Want To Restrict Voting Rights For More Than 900,000 Ohio Veterans?  ThinkProgress   ...Mitt Romney supports efforts to make voting more difficult for the very people who have put their lives on the line after swearing an oath to uphold our Constitution and democracy...
US Public Plans Gain a Paltry 1.15% in FY 2012  Pension Pulse   ...U.S. state and local-government pensions ended the 2012 fiscal year with a median gain of 1.15 percent as the European debt crisis and a slowing global economy damped stock returns, Wilshire Associates said...
Pa. AG Takes Aim at Foreign Steel On Public Jobs  Associated Press   ...The office sued Ryco Fire Protection Services of McKeesport, related businesses and officials of the companies, asking for civil penalties for what it said was the use of hundreds of fittings and hangers made in China and Poland. The companies allegedly used the foreign steel on student housing projects at Indiana University of Pennsylvania and building renovations for the Blairsville-Saltzburg School District under contracts worth about $800,000. Attorney General Linda Kelly said the foreign manufactured material was cheaper than similar American-made items, giving Ryco an unfair competitive advantage...
Longaberger To Bring Manufacturing Back to US, Adding 500 Jobs  Forbes   ...“Our company was founded in America’s Heartland. We stand for American values. We want to create more American jobs. We want to help rebuild our country....”
Teamsters union workers strike Grand Rapids Gravel for third week   Michigan Public Radio   ...More than 60 union workers at Grand Rapids Gravel Company are beginning their third week on strike over a proposed wage cut. Now the private company has security to protect replacement workers and equipment...