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Updated DAILY... Almost Every Day!™ by 9 a.m. Pacific
Friday , March 12, 2010
► In today's NY Times -- Democrats push ahead on finance bill -- They say they will go it alone in an effort to pass an overhaul of financial regulation, setting up another bitter partisan showdown. Sen. Christopher Dodd said his bill would rewrite the rules of Wall Street, end the “too big to fail” phenomenon and protect consumers from risky or abusive financial products. ► At Huffington Post -- Lehman Brothers' accounting gimmick was "like a drug," e-mails show -- The arcane "accounting gimmick" employed by Lehman as the firm failed in 2007 and 2008, was, in fact, like "a drug" propelling the bank to conceal the true nature of its financial health.
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Legislative news:
► More Legislative OT coverage from the Olympian, (Everett) Herald, Associated Press and Spokesman-Review. ► At TheOlympian.com -- IT savings: One man's reform, another's outsource nightmare -- Rep. Reuven Carlyle (D-Seattle) claimed a victory with the 94-3 vote to pass a bill he thinks will save $20 million in state information services outlays. But Rep. Brendan Williams believes the measure is a step toward outsourcing state IT jobs to firms based in India. ► From AP -- State Senate OKs schools to raise more levy money -- On a 29-19 vote, the Senate passed the measure lifting the levy lid that currently limits how much school districts can seek, and how often, from 2011 to 2017. House Bill 2893 passed the House last month, and now heads to Gov. Chris Gregoire for her expected signature. ► At SeattlePI.com -- Poll: Income tax in Washington a good idea -- Of a proposal to create an income tax on high earners and lower the sales tax by a penny a dollar, a recent SurveyUSA poll found 53% think it's a good idea, 39% think it's a bad idea and 8% are unsure. ► In today's (Everett) Herald -- Look beyond ferry workers (editorial) -- If the Legislature can authorize the governor to negotiate less generous benefits for ferry union workers, why stop there? Isn’t this be the time to examine other pre-recession benefits that now may be “too generous”?
(Of course, conservative newspapers like the Daily News decried the suspension of I-960 as defying the will of voters. What hypocrites. If they fail to understand the urgency of this training program, perhaps they should go back and read the Seattle Times excellent series, "Seniors for Sale," which concluded that Medicaid recipients are being steered from nursing homes into little-regulated adult family homes, where in hundreds of cases, medically fragile adults are handed over to amateur caregivers who are inadequately trained to keep them safe.) ► In today's Bellingham Herald -- Rep. Ericksen to seek retiring Brandland's Senate seat -- He joins two Democrats, Richard May and Pat Jerns, who have already announced their intention to seek the seat representing the north half of Whatcom County through Bellingham. ► At HeraldNet.com -- PDC leader Vicki Rippie is stepping down -- Assistant Director Doug Ellis will be interim executive director effective April 1 while the PDC searches for her successor.
Health care news:
► From AP -- Democrats pare differences over health bill -- President Obama put off the start of a scheduled Asian trip as the White House and senior Democrats reached for agreement on the long-stalled legislation they hope to push through Congress within days. ► In today's NY Times -- Health reform myths (Paul Krugman column) -- Health reform is back from the dead. Many Democrats have realized that their electoral prospects will be better if they can point to a real accomplishment. Polling on reform -- which was never as negative as portrayed -- shows signs of improving. But a gantlet of misinformation and outright lies continues to bolster three big myths: that reform is a "government takeover" of one-sixth of the economy, that it does nothing to control costs, and that it is fiscally irresponsible. Though none of these myths are true, many people who consider themselves well-informed believe them.
Boeing news: ► In today's Seattle Times -- SPEEA members pick new president -- Tom McCarty, 65, an electrical engineer at Boeing's defense unit in Kent, was elected as the new president of Boeing's white-collar union. He will serve a two-year term from March 24, succeeding Cynthia Cole, who was not eligible to run again after two terms as union president. ► In Daily Finance -- Will Boeing CEO repay America by hiring in China? -- Obama has chosen Jim McNerney to lead the President's Export Council, an advisory committee on international trade intended to showing America that the president is encouraging American companies to hire American workers. But McNerney's involvement may throw little wrench into the works. Some say McNerney would like to move more of Boeing's manufacturing and design to China.
Local news: ► In today's Seattle Times -- Seattle schools cut 90 jobs -- Seattle Public Schools gave layoff notices to more than 90 central-office staff members Wednesday, one step in the district's effort to cut $18 million to $25 million in expenses for the 2010-11 school year. ► In today's Bellingham Herald -- Bellingham School Board OKs proposed cuts -- The elementary strings musical program, PE teachers and librarians could be cut next school year. ► In today's SeatlePI.com -- "Everything's on the table" in budget crisis, says Seattle mayor -- Mayor Mike McGinn ordered a complete financial assessment of all city funds by the end of April. He said he will direct departments to look for efficiencies and reductions that could include staff reductions. He said it was too early to get into specifics about possible cuts.
► In today's Columbian -- Port of Longview hits revenue record in 2009 -- The Port posted a $2.7 million profit in 2009 on record revenues of $25 million in 2009, up 7% from its previous record of $23.5 million in 2008. (Also, record-setting revenue at the Port of Grays Harbor.) ► In the (Aberdeen) Daily World -- Judge orders release of report -- Though the county Planning & Building Division staff’s union disputes many findings in the report, the judge says citizens must have access to it to evaluate the operations and understand all sides of the debate. ► In the (Aberdeen) Daily World -- Changes in the works at Montesano Public Works Department -- City staff members are taking on new positions in Montesano, though one council member voiced concerns about having a union member in charge of an entire department. ► In today's Spokesman-Review -- Senate punts on resolving FedEx labor spat (editorial) -- A U.S. House proposal would shift labor relations for FedEx’s employees to the NLRA. The main impact -- as backers UPS and the Teamsters Union well know -- would be to enable an isolated local labor dispute to shut down FedEx’s national operation. (So the freedom of association of FedEx employees should be sacrificed because the commercial press fears a strike?!)
National news:
► In today's NY Times -- Ground Zero workers reach deal over health claims -- A settlement of up to $657.5 million has been reached in the cases of some 10,000 rescue and cleanup workers at the World Trade Center site who sued the city over damage to their health. ► In today's NY Times -- Strike is set after talks fail at British Airways -- Cabin crews are preparing to walk off the job for seven days later this month after contract talks broke down without an agreement, according to Unite, a trade union that represents its 13,500 flight attendants.
► In today's NY Times -- Outraged by Glenn Beck's salvo, Christians fire back -- The conservative broadcaster (and absolute jackass) called on Christians to leave their churches if they hear preaching about social or economic justice, saying they were code words for Communism and Nazism. ► From Reuters -- Amsterdam nurses' union: Care does not include sex -- A union representing Dutch nurses will launch a national campaign today -- called "I Draw the Line Here" -- against demands for sexual services by patients who claim it should be part of their standard care.
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FRIDAY,
MARCH 12, 2010 WASHINGTON, DC -- As part of a nationwide grassroots campaign to create good jobs, the AFL-CIO is launching two weeks of rallies and demonstrations across the country at branches and headquarters of the Big Six Wall Street banks: Bank of America, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo/Wachovia.
Trumka said working Americans have three demands of the banks: "Stop refusing to pay your fair share to restore the jobs you destroyed, stop fighting financial reform and start lending to your communities, small businesses and others starved for credit." Wall Street’s actions are credited with plunging the U.S. into the worst financial crisis since the Great Depression, destroying jobs and livelihoods. Despite receiving taxpayer bailouts, leading banks have not resumed lending to their communities and have refused to modify home mortgages. "While millions of Americans continue to lose their homes, their jobs and their retirement saving, it’s been business as usual for Wall Street doling out record pay and bonuses to their CEOs," Trumka said. The AFL-CIO supports four proposals for banks to pay a fair share to restore the economy: fees on Wall Street banks to pay back the cost of the bank bailout; a special levy on Wall Street bonuses, as proposed in the United Kingdom; a tax on the income of hedge fund and private equity managers, the wealthiest people in the country, at ordinary income rates, by closing the carried interest loophole and a financial speculation tax that would be internationally adopted by the world’s major financial market countries. "Good Jobs Now: Make Wall Street Pay" events call on the big Wall Street banks to pay for a major jobs plan to rebuild crumbling infrastructure and invest in green technology; increase aid to state and local governments to save critical services and jobs; increase funding for neglected communities to match people who need jobs with work that needs to be done; and use TARP money to get credit flowing to small businesses for job creation. Information on the activities is available at www.aflcio.org/createjobs -- the AFL-CIO’s online organizing hub for the jobs campaign. From the site, people can find events to attend, write letters to banks and read and submit job stories and photos.In addition to these efforts, Working America, the 3 million-member community affiliate of the AFL-CIO, is kicking off a campaign called "I am not your ATM." People across the country will be submitting photos of themselves in front of ATMs, asking "where's my bailout?" and delivering the message to Wall Street: "I am not your ATM.” To see the photos already submitted, go to www.notyouratm.com. Working America speaks to 25,000 people across the country every week about the creation of good jobs and holding Wall Street accountable.
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Copyright © 2010 -- Washington State Labor Council, AFL-CIO
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