Unions have rules. Union members who break those rules can be placed on trial by their union and, if found guilty, can be expelled or suspended from the union. They can also be fined, as Nathaniel Musser has learned the expensive way. Musser, a former member of the Chicago Regional Council of Carpenters, according to his [...]
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Despite a high unemployment and a sputtering economy, a new report reveals how the government may be making things worse by imposing bigger burdens on business. A new video from the Heritage Foundation highlights this explosion of government red tape. And while this problem is not new—over $60 billion in new burdensome red tape was imposed under the previous Bush Administration—the [...]
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Now that state employment information for the first half of 2011 is available, one can’t help but notice which states are up, as well as a particularly telling example of one which is down. Though admittedly the comparison isn’t apples to apples, it’s worth noting that of the 757,000 seasonally adjusted jobs added in the overall [...]
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Though workers in South Carolina’s new Boeing Company plant recently booted out union bosses trying to organize them, local representatives from the International Association of Machinists (IAM) still linger around Charleston. “Well, pretty much, they’ve been around for a few months now,” said Anthony Riedel of the National Right to Work Legal Defense Foundation. Sources tell TheDC that union bosses have [...]
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Wisconsin schools, once scrambling for every tax dollar available and relentlessly proposing new ones for taxpayers, are now seeing their cost of doing business drop, thanks to the collective bargaining reform law that has now taken effect. The new law, which was met with union protests unlike this generation has seen, put more power into [...]
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Treasuries fell, eroding a gain from yesterday, as President Barack Obama threatened to veto House Speaker John Boehner’s plan to raise the U.S. debt ceiling and reduce spending by $3 trillion. The U.S. may have its top-level credit rating cut as politicians struggle to reach an agreement on how to increase the federal borrowing limit, a step needed to keep paying its [...]
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As Mondays on Wall Street go, this one wasn’t black, or even charcoal. It was a sort of dishwater gray – murky, but by no means scary. The Dow and the S&P closed down more than a half percentage point at the end of trading, delivering relatively light losses for a day when many analysts [...]
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With the internet age, time wasters are what is driving the world economy. Most of these time wasters tend to come about organically, some were in development for years or decades (smartphones and tablet PCs for example) but the technology didn’t exist to make them a reality. I will state right now that I am a [...]
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On July 7, the U.S. Environmental Protection Agency released the Cross-State Air Pollution Rule — another in an endless line of new federal environmental regulations with the stated purpose of improving air quality. Like the others, this new rule will have little impact on the environment. Rather, its chief effect will be to kill jobs, [...]
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Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts. (See:Another Retailer Bites the Dust: Borders Doomed by Amazon Deal, Davidowitz Says) Those announcements follow 41,432 in planned cuts in June, up 11.6% from May [...]
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Earlier this month, analysts were dismayed by the nation’s anemic job creation numbers. On Thursday, state officials were pleased as they released data that showed more than half of the net new jobs added in the US in June came from Wisconsin. “We have made difficult decisions in our state, but they are beginning to payoff,” said [...]
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“I believe in Las Vegas. I think its best days are ahead of it. But I’m afraid to do anything in the current political environment in the United States. You watch television and see what’s going on on this debt ceiling issue. And what I consider to be a total lack of leadership from the [...]
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Cisco (CSCO) said Monday it is slashing 6,500 jobs from its payroll as part of its plan to cut annual expenses by $1 billion. Workers across all businesses and regions will be targeted, including about 2,100 employees that volunteered to retire early, roughly 15% of positions at the vice president level and above and 9% [...]
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The former boss of the Federal Reserve, Alan Greenspan, said the reason Gen-Xers are unemployed and suffering from a lower standard of living is because they are lazy, stupid, and unproductive. U.S. companies would be better off hiring immigrants. “Baby boomers are being replaced by groups of young workers who have regrettably scored rather poorly [...]
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Almost 190,000 jobs could be created by 2013 if offshore drilling returns to pre-spill levels, according to a study sponsored by two oil trade groups, the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API). The study, conducted by Quest Offshore Inc., found that if permits for exploration and drilling returned to historic levels, and if backlogged [...]
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