by Tula Connell, Jul 31, 2008 Once again, Exxon Mobil made U.S. corporate profit history, pulling in $11.68 billion in second quarter income, the highest quarterly profit rate of any U.S. company in history. It must be gratifying for Sen. John McCain to know that his sudden flip-flop to support Big Oil’s long-held dream of […]
Honor Officer Rivera: Don’t Slash Prison Staffing Budgets
By James Parks for AFL-CIO NOW For years, AFGE’s Council of Prison Locals (CPL), the union representing correctional officers in the nation’s federal prisons, has been pushing for more funding and staffing to safely maintain our nation’s prisons and surrounding communities. The union warns that staffing levels are decreasing while inmate population levels are increasing, […]
Challenges Lay Ahead for American Middle Class, Says Author
AFL-CIO recently spoke to Steve Greenhouse, author of The Big Squeeze: Tough Times for the American Worker Question: Why did you title your book The Big Squeeze? Greenhouse: I really feel there’s a squeeze on workers. In many ways, corporate America is clamping down on its workers. Wages have been cut over the past few […]
Marie Antoinette, Meet Angelo Mozilo
– by Tula Connell This is a cross-post from the Firedoglake blog. Here’s an idea. Instead of retiring when we turn 65, let’s go to work scrubbing tables at the nearest fast-food outlet. Sound good? Not to most of us. But it’s a future that U.S. workers increasingly are facing. America’s workers aren’t just losing their homes in what […]
Bahrain: Scorn for inflation package
To alleviate the effects of inflation in Bahrain, the government has introduced a BD40 million (USD105 million) aid package – andBahrain‘s bloggers are unanimous in questioning how effective it will be. Ammaro tries to make sense of the plan: Inflation has hit Bahrain hard; the price of basic goods has increased dramatically, and the people on the lower end of […]
Gov’t needs to clean up GSIS mess
With growing complaints from pension fund members, mostly comprising of government retirees and active employees who continue to be milked of their hard-earned contributions in the hope that they could make use of their efforts in the future, the Government Service Insurance System (GSIS) continues to render disservice to its millions of members. Perhaps, it’s […]