McMillion & Hirtensteiner, LLP - Labor News
McMillion & Hirtensteiner, LLP's Labor News charts the latest developments in labor and legal issues with regular updates published as they are released to the media.
Tuesday, December 4, 2007
Hoffa, Teamsters to Protest Illegal Cross-Border Trucking Plan at Border
Hoffa, Teamsters to Protest Illegal Cross-Border Trucking Plan at Border Teamsters to Rally at Otay Mesa Border Crossing in San Diego Teamsters General President Jim Hoffa will lead a rally Wednesday of Teamster members at the Otay Mesa border crossing in San Diego. The rally is in opposition to President Bush's illegal pilot program that opens the border to unsafe Mexican trucks, allowing them to travel freely on U.S. highways. WHO:
Teamsters General President Jim Hoffa
Teamsters General Executive Board members
Teamster members WHAT:
Press conference and rally to protest illegal cross-border trucking pilot project.
WHEN:
Wednesday, December 5, 2007
7 a.m. local time WHERE:
Otay Mesa border crossing
2335 Enrico Fermi Drive
San Diego, CA 92154 CONTACT: David White of International Brotherhood of Teamsters, +1-202-439-1904, Dwhite@teamster.org /PRNewswire-USNewswire - Dec. 4/ First Call Analyst:
FCMN Contact:
Source: International Brotherhood of Teamsters
Web Site: http://www.teamster.org/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 4:47 PM
Lawnside First Student Workers Vote for Teamster Representation
Lawnside First Student Workers Vote for Teamster Representation Workers Seek Strong Voice in the Workplace to Address Growing Issues LAWNSIDE, N.J., Dec. 4 /PRNewswire-USNewswire/ -- School bus drivers and aides at First Student's Lawnside, New Jersey yard voted today 95-71 to secure Teamsters Local 676 in Collingswood, New Jersey as their bargaining representative. The workers joined the Teamsters seeking pay equity and better and more affordable health insurance. The 240 workers became the fourth group in the state to join the Teamsters Union since the national campaign to organize bus drivers began two years ago. To date, the union has organized more than 850 workers at First Student in New Jersey. "We wanted the union because we wanted pay equity and health benefits," said Frank Billings, a driver at First Student in Lawnside. "The drivers that worked directly for the school districts have a higher wage rate than ours and have good benefits. First Student just treated workers however they wanted to here. They would hire new drivers at higher rates than drivers that had been here for years. It just wasn't fair." The victory is part of an effort to organize private school bus drivers across the country. Driving Up Standards is a national campaign by the Teamsters, Service Employees International Union (SEIU) and the Transport and General Workers' (T&G) union to improve safety, service and work standards in the private school bus industry. Since 2006, more than 4,300 private school bus workers have joined the Teamsters. "This is long overdue for these workers," said Howard Wells, President of Teamsters Local 676. "By joining our union, they will finally have a voice in the workplace and strong representation." Founded in 1903, the Teamsters Union represents more than 1.4 million hardworking men and women in the United States and Canada. First Call Analyst:
FCMN Contact:
Source: International Brotherhood of Teamsters
CONTACT: Galen Munroe of the International Brotherhood of Teamsters,
+1-202-624-6911 Web Site: http://www.teamster.org/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 1:51 PM
Hoffa Condemns Senate Passage of Peru Free Trade Agreement
Hoffa Condemns Senate Passage of Peru Free Trade Agreement Teamsters President Urges Congress To Stop Job-Killing Trade Deals WASHINGTON, Dec. 4 /PRNewswire-USNewswire/ -- Teamsters General President Jim Hoffa said today that Congress has failed American workers with Senate passage of the Peru Free Trade Agreement. The Senate voted 77-18 in favor of the agreement today. Last month, a majority of House Democrats voted against the agreement despite its passage. "It is outrageous that Congress and the Bush administration have approved yet another job-killing trade agreement at a time when American families are seeing their jobs shipped overseas, their food and toys tainted, their wages decline and their houses foreclosed upon," said Teamsters General President Jim Hoffa. "Workers here and in Peru deserve better." Hoffa also criticized President Bush for his remarks today calling for passage of the Colombia Free Trade Agreement. "The model is wrong - it will not lead to job creation and it will hurt workers," Hoffa said. "Colombia also is the most dangerous country in the world to be a union member. More union members are killed there than in the rest of the world combined." Hoffa said the Peru Free Trade Agreement is wrong for the United States because: -- Foreign investors based in Peru will have the right to question our domestic laws and receive compensation if such laws undermine corporate profits. -- Incentives are provided for U.S. companies to leave the United States under the investment chapter of the agreement. -- The sovereignty of local, state and federal U.S. government bodies will be undermined. Foreign companies will be able to bypass "Buy America" laws. -- Nothing will change for the 33,000 slave-laborers cutting down the Amazonian rainforest. -- Subsistence farmers will be forced off their land because cheap U.S. food produced by agribusiness will undercut their prices. The same thing happened with the North American Free Trade Agreement, which resulted in millions of poor Mexicans leaving their farms. -- According to some interpretations, Citibank will have the right to sue the Peruvian government if the country tries to reverse its disastrous system of privatized Social Security - thus allowing a powerful multinational to profit at the expense of the elderly, the sick and the poor. "American workers are fed up with the consequences of our reckless free trade policies -- their good jobs vanishing," Hoffa said. "You can bet this is an issue that won't go away before next year's election." Founded in 1903, the Teamsters Union represents more than 1.4 million hardworking men and women in the United States, Canada and Puerto Rico. First Call Analyst:
FCMN Contact:
Source: International Brotherhood of Teamsters
CONTACT: Leigh Strope of International Brotherhood of Teamsters,
+1-202-624-6911, lstrope@teamster.org Web Site: http://www.teamster.org/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 1:08 PM
NASA Schedules American Geophysical Union Meeting Media Events
NASA Schedules American Geophysical Union Meeting Media Events SAN FRANCISCO, Dec. 4 /PRNewswire-USNewswire/ -- NASA researchers will present new findings to the media on a wide range of Earth and space science topics during the 2007 Fall Meeting of the American Geophysical Union (AGU). The AGU meeting runs Monday, Dec. 10, through Friday, Dec. 14, at the Moscone Convention Center in San Francisco. All press briefings will take place in the AGU Press Room, Room 2010 of Moscone West at 747 Howard Street, at the intersection with 4th Street. In addition to several press briefings highlighting results from NASA scientists, researchers also will present noteworthy findings during a variety of scientific sessions that are open to registered media. For a full listing of NASA media events and detailed information on how media may participate, visit: http://www.nasa.gov/topics/earth/agu2007.html First Call Analyst:
FCMN Contact:
Source: NASA
CONTACT: Tabatha Thompson of NASA Headquarters, Washington,
+1-202-358-3895, tabatha.thompson-1@nasa.gov; or Steve Cole,
stephen.e.cole@nasa.gov, or Kathryn Hansen, both of AGU Press Room, San
Francisco, +1-415-348-4440 Web Site: http://www.nasa.gov/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 11:33 AM
Study Estimates Energy Legislation Will Cost Florida Nearly 264,000 Jobs
Study Estimates Energy Legislation Will Cost Florida Nearly 264,000 Jobs Report Projects Higher Energy Costs for Consumers, $1 Trillion Decline in GDP, 5 Million Lost Jobs in U.S., Significant Drop in Household Purchasing Power WASHINGTON, Dec. 4 /PRNewswire-USNewswire/ -- Florida would lose an estimated 263,441 jobs if Congress approves key provisions in energy bills pending on Capitol Hill, according to newly available state data in a study by CRA International. "This legislation would put consumers in a squeeze," said W. David Montgomery, a vice president and co-head of CRA's energy and environment practice. "In Florida, the result of this legislation likely would mean nearly 264,000 fewer jobs created by the year 2030." The study concludes that energy costs for Florida families and businesses likely would be higher, not lower, under this legislation. Instead of enhancing America's energy security, the study predicts the bills Congress is considering would reduce the domestic production of oil and natural gas and would likely limit economic growth substantially. While the pending legislation includes incentives for alternative and renewable energy sources, it also erects new barriers to the production and refining of oil and natural gas. These would come at a time when government projections show the United States will need all forms of energy, including oil and natural gas, to satisfy America's energy needs. By 2030, the study estimates: Output likely would decline about 4 percent, or more than $1 trillion; non-farm job losses caused by higher energy costs likely would result in nearly 5 million lost jobs, even after accounting for jobs created by investments in alternative energy technologies; and the average household likely would suffer about a $1,700 reduction in real income. State Impact In Florida, the study projects about 38,020 fewer jobs would be created by 2015, a figure that would likely jump to an estimated 127,070 jobs by 2020, 197,096 by 2025, and 263,441 by 2030. Gross state product would drop by an estimated 2.8% by 2030 and Floridians could lose about $1,278 per average household in purchasing power by 2030, the study found. The CRA study was commissioned by API. For a full copy of the report visit www.energytomorrow.org or for a podcast of CRA's David Montgomery visit http://www.energytomorrow.org/media_center/index.html. API is the industry's national trade association that represents all aspects of America's oil and natural gas industry. CRA is a worldwide leader in providing economic, financial and management consulting services. First Call Analyst:
FCMN Contact:
Source: American Petroleum Institute
CONTACT: Robert Dodge, +1-202-682-8127, dodger@api.org, or David Mica,
+1-850-561-6300, micad@api.org, both of the American Petroleum Institute Web Site: http://www.energytomorrow.com/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 9:11 AM
Study Estimates Energy Legislation Will Cost Idaho Nearly 21,300 Jobs
Study Estimates Energy Legislation Will Cost Idaho Nearly 21,300 Jobs - Report Projects Higher Energy Costs for Consumers, $1 Trillion Decline in GDP, 5 Million Lost Jobs in U.S., Significant Drop in Household Purchasing Power - WASHINGTON, Dec. 4 /PRNewswire-USNewswire/ -- Idaho would lose an estimated 21,261 jobs if Congress approves key provisions in energy bills pending on Capitol Hill, according to newly available state data in a study by CRA International. "This legislation would put consumers in a squeeze," said W. David Montgomery, a vice president and co-head of CRA's energy and environment practice. "In Idaho, the result of this legislation likely would mean nearly 21,300 fewer jobs created by the year 2030." The study concludes that energy costs for Idaho families and businesses likely would be higher, not lower, under this legislation. Instead of enhancing America's energy security, the study predicts the bills Congress is considering would reduce the domestic production of oil and natural gas and would likely limit economic growth substantially. While the pending legislation includes incentives for alternative and renewable energy sources, it also erects new barriers to the production and refining of oil and natural gas. These would come at a time when government projections show the United States will need all forms of energy, including oil and natural gas, to satisfy America's energy needs. By 2030, the study estimates: Output likely would decline about 4 percent, or more than $1 trillion; non-farm job losses caused by higher energy costs likely would result in nearly 5 million lost jobs, even after accounting for jobs created by investments in alternative energy technologies; and the average household likely would suffer about a $1,700 reduction in real income. State Impact In Idaho, the study projects about 3,637 fewer jobs would be created by 2015, a figure that would likely jump to an estimated 10,569 jobs by 2020, 14,787 by 2025, and 21,261 by 2030. Gross state product would drop by an estimated 3.3% by 2030 and Idahoans could lose about $1,310 per average household in purchasing power by 2030, the study found. The CRA study was commissioned by API. For a full copy of the report visit www.energytomorrow.org or for a podcast of CRA's David Montgomery visit http://www.energytomorrow.org/media_center/index.html. API is the industry's national trade association that represents all aspects of America's oil and natural gas industry. CRA is a worldwide leader in providing economic, financial and management consulting services. First Call Analyst:
FCMN Contact:
Source: American Petroleum Institute
CONTACT: Robert Dodge of American Petroleum Institute, +1-202-682-8127,
dodger@api.org Web site: http://www.energytomorrow.org/
http://www.energytomorrow.org/media_center/index.html
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 8:52 AM
Study Estimates Energy Legislation Will Cost Alaska Nearly 24,000 Jobs
Study Estimates Energy Legislation Will Cost Alaska Nearly 24,000 Jobs - Report Projects Higher Energy Costs for Consumers, $1 Trillion Decline in GDP, 5 Million Lost Jobs in U.S., Significant Drop in Household Purchasing Power - WASHINGTON, Dec. 4 /PRNewswire-USNewswire/ -- Alaska would lose an estimated 23,551 jobs if Congress approves key provisions in energy bills pending on Capitol Hill, according to newly available state data in a study by CRA International. "This legislation would put consumers in a squeeze," said W. David Montgomery, a vice president and co-head of CRA's energy and environment practice. "In Alaska, the result of this legislation likely would mean nearly 24,000 fewer jobs created by the year 2030." The study concludes that energy costs for Alaska families and businesses likely would be higher, not lower, under this legislation. Instead of enhancing America's energy security, the study predicts the bills Congress is considering would reduce the domestic production of oil and natural gas and would likely limit economic growth substantially. While the pending legislation includes incentives for alternative and renewable energy sources, it also erects new barriers to the production and refining of oil and natural gas. These would come at a time when government projections show the United States will need all forms of energy, including oil and natural gas, to satisfy America's energy needs. By 2030, the study estimates: Output likely would decline about 4 percent, or more than $1 trillion; non-farm job losses caused by higher energy costs likely would result in nearly 5 million lost jobs, even after accounting for jobs created by investments in alternative energy technologies; and the average household likely would suffer about a $1,700 reduction in real income. State Impact In Alaska, the study projects about 2,084 fewer jobs would be created by 2015, a figure that would likely jump to an estimated 8,298 jobs by 2020, 17,205 by 2025, and 23,551 by 2030. Gross state product would drop by an estimated 7.3% by 2030 and Alaskans could lose about $6,150 per average household in purchasing power by 2030, the study found. The CRA study was commissioned by API. For a full copy of the report visit www.energytomorrow.org or for a podcast of CRA's David Montgomery visit http://www.energytomorrow.org/media_center/index.html. API is the industry's national trade association that represents all aspects of America's oil and natural gas industry. CRA is a worldwide leader in providing economic, financial and management consulting services. First Call Analyst:
FCMN Contact:
Source: American Petroleum Institute
CONTACT: Robert Dodge of the American Petroleum Institute,
+1-202-682-8127, dodger@api.org Web Site: http://www.energytomorrow.com/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 8:52 AM
Study Estimates Energy Legislation Will Cost Arkansas Nearly 45,000 Jobs
Study Estimates Energy Legislation Will Cost Arkansas Nearly 45,000 Jobs - Report Projects Higher Energy Costs for Consumers, $1 Trillion Decline in GDP, 5 Million Lost Jobs in U.S., Significant Drop in Household Purchasing Power - WASHINGTON, Dec. 4 /PRNewswire-USNewswire/ -- Arkansas would lose an estimated 44,800 jobs if Congress approves key provisions in energy bills pending on Capitol Hill, according to newly available state data in a study by CRA International. "This legislation would put consumers in a squeeze," said W. David Montgomery, a vice president and co-head of CRA's energy and environment practice. "In Arkansas, the result of this legislation likely would mean nearly 45,000 fewer jobs created by the year 2030." The study concludes that energy costs for Arkansas families and businesses likely would be higher, not lower, under this legislation. Instead of enhancing America's energy security, the study predicts the bills Congress is considering would reduce the domestic production of oil and natural gas and would likely limit economic growth substantially. While the pending legislation includes incentives for alternative and renewable energy sources, it also erects new barriers to the production and refining of oil and natural gas. These would come at a time when government projections show the United States will need all forms of energy, including oil and natural gas, to satisfy America's energy needs. By 2030, the study estimates: Output likely would decline about 4 percent, or more than $1 trillion; non-farm job losses caused by higher energy costs likely would result in nearly 5 million lost jobs, even after accounting for jobs created by investments in alternative energy technologies; and the average household likely would suffer about a $1,700 reduction in real income. State Impact In Arkansas, the study projects about 5,206 fewer jobs would be created by 2015, a figure that would likely jump to an estimated 20,164 jobs by 2020, 28,797 by 2025, and 44,800 by 2030. Gross state product would drop by an estimated 4.8% by 2030 and Arkansans could lose about $1,673 per average household in purchasing power by 2030, the study found. The CRA study was commissioned by API. For a full copy of the report visit www.energytomorrow.org or for a podcast of CRA's David Montgomery visit http://www.energytomorrow.org/media_center/index.html. API is the industry's national trade association that represents all aspects of America's oil and natural gas industry. CRA is a worldwide leader in providing economic, financial and management consulting services. First Call Analyst:
FCMN Contact:
Source: American Petroleum Institute
CONTACT: Robert Dodge, +1-202-682-8127, dodger@api.org, or Tom Parker,
+1-501-375-9964, parkert@api.org, both of American Petroleum Institute Web site: http://www.energytomorrow.org/
http://www.energytomorrow.org/media_center/index.html
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 8:50 AM
Study Estimates Energy Legislation Will Cost Texas Nearly 588,000 Jobs
Study Estimates Energy Legislation Will Cost Texas Nearly 588,000 Jobs - Report Projects Higher Energy Costs for Consumers, $1 Trillion Decline in GDP, 5 Million Lost Jobs in U.S., Significant Drop in Household Purchasing Power - WASHINGTON, Dec. 4 /PRNewswire-USNewswire/ -- Texas would lose an estimated 587,993 jobs if Congress approves key provisions in energy bills pending on Capitol Hill, according to newly available state data in a study by CRA International. "This legislation would put consumers in a squeeze," said W. David Montgomery, a vice president and co-head of CRA's energy and environment practice. "In Texas, the result of this legislation likely would mean nearly 588,000 fewer jobs created by the year 2030." The study concludes that energy costs for Texas families and businesses likely would be higher, not lower, under this legislation. Instead of enhancing America's energy security, the study predicts the bills Congress is considering would reduce the domestic production of oil and natural gas and would likely limit economic growth substantially. While the pending legislation includes incentives for alternative and renewable energy sources, it also erects new barriers to the production and refining of oil and natural gas. These would come at a time when government projections show the United States will need all forms of energy, including oil and natural gas, to satisfy America's energy needs. By 2030, the study estimates: Output likely would decline about 4 percent, or more than $1 trillion; non-farm job losses caused by higher energy costs likely would result in nearly 5 million lost jobs, even after accounting for jobs created by investments in alternative energy technologies; and the average household likely would suffer about a $1,700 reduction in real income. State Impact In Texas, the study projects about 59,277 fewer jobs would be created by 2015, a figure that would likely jump to an estimated 157,680 jobs by 2020, 320,339 by 2025, and 587,993 by 2030. Gross state product would drop by an estimated 6.5% by 2030 and Texans could lose about $4,113 per average household in purchasing power by 2030, the study found. The CRA study was commissioned by API. For a full copy of the report visit www.energytomorrow.org or for a podcast of CRA's David Montgomery visit http://www.energytomorrow.org/media_center/index.html. API is the industry's national trade association that represents all aspects of America's oil and natural gas industry. CRA is a worldwide leader in providing economic, financial and management consulting services. First Call Analyst:
FCMN Contact:
Source: American Petroleum Institute
CONTACT: Robert Dodge of the American Petroleum Institute,
+1-202-682-8127, dodger@api.org Web Site: http://www.energytomorrow.com/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 8:41 AM
Study Estimates Energy Legislation Will Cost New Hampshire Nearly 26,500 Jobs
Study Estimates Energy Legislation Will Cost New Hampshire Nearly 26,500 Jobs - Report Projects Higher Energy Costs for Consumers, $1 Trillion Decline in GDP, 5 Million Lost Jobs in U.S., Significant Drop in Household Purchasing Power - WASHINGTON, Dec. 4 /PRNewswire-USNewswire/ -- New Hampshire would lose an estimated 26,497 jobs if Congress approves key provisions in energy bills pending on Capitol Hill, according to newly available state data in a study by CRA International. "This legislation would put consumers in a squeeze," said W. David Montgomery, a vice president and co-head of CRA's energy and environment practice. "In New Hampshire, the result of this legislation likely would mean nearly 26,500 fewer jobs created by the year 2030." The study concludes that energy costs for New Hampshire families and businesses likely would be higher, not lower, under this legislation. Instead of enhancing America's energy security, the study predicts the bills Congress is considering would reduce the domestic production of oil and natural gas and would likely limit economic growth substantially. While the pending legislation includes incentives for alternative and renewable energy sources, it also erects new barriers to the production and refining of oil and natural gas. These would come at a time when government projections show the United States will need all forms of energy, including oil and natural gas, to satisfy America's energy needs. By 2030, the study estimates: Output likely would decline about 4 percent, or more than $1 trillion; non-farm job losses caused by higher energy costs likely would result in nearly 5 million lost jobs, even after accounting for jobs created by investments in alternative energy technologies; and the average household likely would suffer about a $1,700 reduction in real income. State Impact In New Hampshire, the study projects about 5,176 fewer jobs would be created by 2015, a figure that would likely jump to an estimated 18,419 jobs by 2020, 20,021 by 2025, and 26,497 by 2030. Gross state product would drop by an estimated 2.9% by 2030 and New Hampshirites could lose about $1,641 per average household in purchasing power by 2030, the study found. The CRA study was commissioned by API. For a full copy of the report visit http://www.energytomorrow.org/ or for a podcast of CRA's David Montgomery visit http://www.energytomorrow.org/media_center/index.html. API is the industry's national trade association that represents all aspects of America's oil and natural gas industry. CRA is a worldwide leader in providing economic, financial and management consulting services. First Call Analyst:
FCMN Contact:
Source: American Petroleum Institute
CONTACT: Robert Dodge of the American Petroleum Institute,
+1-202-682-8127, dodger@api.org Web Site: http://www.energytomorrow.org/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 8:40 AM
Study Estimates Energy Legislation Will Cost Louisiana Nearly 164,000 Jobs
Study Estimates Energy Legislation Will Cost Louisiana Nearly 164,000 Jobs - Report Projects Higher Energy Costs for Consumers, $1 Trillion Decline in GDP, 5 Million Lost Jobs in U.S., Significant Drop in Household Purchasing Power - WASHINGTON, Dec. 4 /PRNewswire-USNewswire/ -- Louisiana would lose an estimated 163,468 jobs if Congress approves key provisions in energy bills pending on Capitol Hill, according to newly available state data in a study by CRA International. "This legislation would put consumers in a squeeze," said W. David Montgomery, a vice president and co-head of CRA's energy and environment practice. "In Louisiana, the result of this legislation likely would mean nearly 164,000 fewer jobs created by the year 2030." The study concludes that energy costs for Louisiana families and businesses likely would be higher, not lower, under this legislation. Instead of enhancing America's energy security, the study predicts the bills Congress is considering would reduce the domestic production of oil and natural gas and would likely limit economic growth substantially. While the pending legislation includes incentives for alternative and renewable energy sources, it also erects new barriers to the production and refining of oil and natural gas. These would come at a time when government projections show the United States will need all forms of energy, including oil and natural gas, to satisfy America's energy needs. By 2030, the study estimates: Output likely would decline about 4 percent, or more than $1 trillion; non-farm job losses caused by higher energy costs likely would result in nearly 5 million lost jobs, even after accounting for jobs created by investments in alternative energy technologies; and the average household likely would suffer about a $1,700 reduction in real income. State Impact In Louisiana, the study projects about 17,122 fewer jobs would be created by 2015, a figure that would likely jump to an estimated 51,514 jobs by 2020, 91,843 by 2025, and 163,468 by 2030. Gross state product would drop by an estimated 9.1% by 2030 and Louisianans could lose about $6,343 per average household in purchasing power by 2030, the study found. The CRA study was commissioned by API. For a full copy of the report visit www.energytomorrow.org or for a podcast of CRA's David Montgomery visit http://www.energytomorrow.org/media_center/index.html . API is the industry's national trade association that represents all aspects of America's oil and natural gas industry. CRA is a worldwide leader in providing economic, financial and management consulting services. First Call Analyst:
FCMN Contact:
Source: American Petroleum Institute
CONTACT: Robert Dodge of American Petroleum Institute, +1-202-682-8127,
dodger@api.org Web site: http://www.energytomorrow.org/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 8:37 AM
SEIU to Outline 4 Principles for Reform of America's Largest Banks, Making Them Accountable to Consumers and Working Families
SEIU to Outline 4 Principles for Reform of America's Largest Banks, Making Them Accountable to Consumers and Working Families Fastest-Growing Union to Urge End to "Anything Goes" Approach for Biggest Banks Andy Stern, international executive president of the 1.9 million member Service Employees International Union (SEIU), the fastest-growing union in North America, will hold a phone-based national news conference at 2 p.m. ET on Thursday (December 6, 2007) to outline four principles to rein in America's largest banks and the "increasingly harmful schemes" these financial institutions use to exploit U.S. consumers, particularly working families. News event speakers will be: Andy Stern, international executive president, SEIU; and Ed Mierzwinski, consumer program director, US PIRG, the federation of state Public Interest Research Groups (PIRGs). Stern will say that SEIU members and working families have been preyed on by big banks (such as Bank of America) for far too many years -- exploited by the banking industry's profit-at-any-cost business model and bombarded with everything from excessively high ATM/overdraft/credit card fees and interest rates to predatory mortgage loans, to deceptive credit card marketing and billing tactics. According to Stern, the incredible growth and continuing concentration of power into the hands of a few giant banks is a threat to working families and consumers and to the health of the U.S. economy -- working families can't wait any longer for lawmakers to step in and end the "culture of coziness" that exists between federal regulators and the biggest banks. TO PARTICIPATE: You can join this live, phone-based news conference (with full, two-way Q&A) at 2 p.m. ET on December 6, 2007 by dialing 1 (800) 860-2442. Ask for the "SEIU bank reform principles" news event. CAN'T PARTICIPATE?: A streaming audio replay of the news event will be available on the Web at http://www.seiu.org/ as of 7 p.m. ET on December 6, 2007. CONTACT: Ailis Aaron Wolf, +1-703-276-3265 or aaaron@hastingsgroup.com, for Service Employees International Union (SEIU), Washington, D.C. /PRNewswire-USNewswire - Dec. 4/ First Call Analyst:
FCMN Contact:
Source: Service Employees International Union (SEIU), Washington, D.C.
Web Site: http://www.seiu.org/
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Profile: labor-news
posted by McMillion & Hirtensteiner LLP Labor News # 8:03 AM
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