“Updates on FED and interest rates, new US and China inequality data, BLS on wage stagnation, Ford and GM build factories in China, more Big bankers join Trump. Interview with Walter South on US housing crisis.”
All signs point to Donald Trump becoming a jawboning president without equal in American history. That is, jawboning by exerting rhetorical bombast focused on people, corporations and institutions, with massive media propulsion behind the very personal presidency he will establish. It will be a natural daily extension of his boundless, easily bruisable ego. Trump has embraced these tactics as both …
The mid-term evaluation of fuel economy standards is in full swing, and with the close of the public comment period on the Technical Assessment Report from the federal agencies, we now have a better understanding of the types of arguments being used by automakers as they try to weaken the federal passenger vehicle efficiency standards—to no one’s surprise, it relies …
The biofuels world is abuzz with talk of high octane fuel. Ethanol trade groups weighed in recently with regulators on the role of higher octane fuel in meeting fuel economy targets. Their interest in gasoline and fuel economy might seem odd, except that their plan is to deliver higher octane gasoline by increasing the amount of ethanol blended into it. …
Across America, from established restaurant chains to upstarts, bankruptcies are rising, locations are closings and profit margins are shrinking. Restaurant Chain CEOs blame it on everything from the deplorable election season dragging down the mood of the country to global geo-political tensions. “It’s the economy, stupid,” not the presidential elections or consumer uncertainty, that’s keeping people from eating out. More than a restaurant recession, it is a precursor of a national recession.
The Bush administration negotiated the Panama free trade agreement without addressing Panama’s bank and corporate secrecy. Panama has little to “trade” with the U.S., so maybe leaving secrecy out of the agreement wasn’t an accident; it was the point. It provided a stamp of legitimacy and protections for “investors” moving their money to Panama. Panama Trade Agreement The Panama–United States …
In August, a 27-year-old female prostitute and her 75-year-old john were charged in Oklahoma City for public lewdness. They were caught engaging in a clandestine tryst in the gentleman’s Ford F-150 pickup truck on a deserted country road. At first glance the incident might appear as just another sex-crime bust, but looking at how the perpetrators were apprehended reveals how …
Happy Motoring?: Behind the UAW-GM Tentative Agreement
The Benghazi Hearings: What Gave Hillary Her Big Break (Part 2)
Averting a midnight-Sunday threatened strike by mere minutes, the United Auto Workers union and General Motors announced a tentative agreement on a new four-year contract for 52,700 workers. They now must vote on the deal. Veteran auto worker and bargaining committee member Gary Walkowicz says worker solidarity is keeping both union leadership and corporate bosses in check.
We pick up from where we left off with the discussion on Hillary Clinton’s “triumph” at last week’s hearing on the attack on two mysterious U.S. “diplomatic” compounds in Benghazi, Libya, on Sept. 11, 2012that left four Americans dead—including Ambassador Christopher Stevens, foreign service information management officer Sean Smith , and CIA contractors Tyrone Woods and Glen Doherty. Leid Stories listeners ask questions about Clinton that committee members never intended to.
The Benghazi Hearings: What Gave Hillary Her Big Break
Hillary Clinton, basking in the afterglow from the embers of last week’s congressional hearing on Benghazi, appears to have slithered through yet another rough—and potentially damaging—political patch.
Leid Stories explains what gave Hillary her big break, and listeners ask the basic questions that the former secretary of state still has not been asked, and likely won’t answer, even under oath.
Jack Rasmus welcomes long time UAW auto worker rank and file activist, Gregg Shotwell, to discuss the current negotiations between UAW and Chrysler Fiat. Gregg explains why the first proposed contract was rejected 2 to 1 by auto workers, and the issues remaining with the pending re-vote on a second proposal. Gregg explains the importance of the fight to end two tier second class worker citizenship in Auto, where 45% of the workers at Chrysler today are temp and receive half pay without retirement or health benefits. Key issues are discussed, including ending two tier, getting a raise after 10 years without any, demands for overtime pay after 8 hrs work, ending alternative work scheduling, preventing management from passing costs for the health care tax (Obamacare) onto workers, and other issues in the first rejected contract recommended by UAE ‘concession caucus’ leaders. Gregg explains how Chrysler was bought by Fiat without paying anything, and how managers, salaried workers and stockholders have gotten big payoffs the past decade while workers have been frozen in pay and benefits, despite Chrysler sitting on a $4 billion cash hoard and Chrysler workers have taken a 24% pay cut since 2007. The second contract proposal about to come up for another vote is discussed by Gregg. Both Jack and Gregg discuss the potential significance of the Chrysler contract for reversing trends that have devastated auto and other workers in the US and decimated US unions and collective bargaining. As Shotwell explains succinctly: US workers everywhere have been “working longer, harder and for less money”, not just in auto. Can Chrysler workers begin a ‘march back’ for US workers? Listen to the discussion by long time rank and filer, Shotwell, with decades and deep roots in the UAW.
- Page 1 of 2