Wednesday, January 26, 2011

Today's Teamster News 01.26.11

HOS comments rolling in to FMCSA  Fleet Owner   ...Trucking stakeholders are not happy with the proposed rulemaking...
Teamster Joint Council 25 Endorses Rahm Emanuel as Chicago Mayor   IBT   ...Teamsters Joint Council 25 endorsed Rahm Emanuel today for Chicago mayor, citing extensive polling that indicates majority support from union members and city residents...
Teamsters And UPS Reach Tentative Agreement In Aircraft Mechanics Contract Negotiations  (Local 2727)  IBT   ...The agreement comes after four years of negotiations...
TransCanada sues to access pipeline land  Argus Leader   ....TransCanada has filed more than a dozen lawsuits to condemn land along the route of its Keystone XL oil pipeline in western South Dakota...
Obama calls for clean energy and high-speed rail in state of the union  The Guardian   ...President Obama dedicated a chunk of his state of the union speech on Tuesday night to greentech and clean energy...
Kansas workers could see 7.5 percent pay cut for the next few months under proposal  Kansas City Star   ...Lawmakers pushing for the reduction said the state had no choice but to cut payrolls to offset steep revenue declines...
Government workers are the new illegal aliens  The Reporter (A spirited defense of public sector workers, despite the offensive headline)
Financial Crisis Was Avoidable, Inquiry Finds  New York Times   ...The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street...
E-mails Suggest Bear Stearns Cheated Clients Out of Billions  The Atlantic Monthly  ...Former Bear Stearns mortgage executives who now run mortgage divisions of Goldman Sachs, Bank of America, and Ally Financial have been accused of cheating and defrauding investors through the mortgage securities they created and sold while at Bear...
BofA's Countrywide sued, accused of massive fraud  Reuters   ...Bank of America Corp's Countrywide mortgage unit has been sued by investors claiming they were victimized in a "massive fraud" when they bought mortgage-backed securities...
U.S. Home Prices Slump Again, Hitting New Lows  New York Times   ...A new slide in housing prices has begun in earnest, with averages in major cities across the country falling to their lowest point in many years...