Tuesday, July 17, 2012

Today's Teamster News 07.17.12

Hardheaded Socialism Makes Canada Richer Than U.S.  Bloomberg   ...On July 1, Canada Day, Canadians awoke to a startling, if pleasant, piece of news: For the first time in recent history, the average Canadian is richer than the average American...
Idle corporate cash piles up  Reuters   ...U.S. nonfinancial companies hold at least three times more cash and other liquid assets than the Federal Reserve reports, idle money that could be creating jobs, funding dividends or even paying a stiff federal penalty tax for hoarding corporate cash...
Pensions Under Attack in America?  Pension Pulse   ...according to the Society of Actuaries, employer pension contributions will be reduced overall from a mandatory $80 billion to $45 billion this year alone...
Romney Suggests Releasing Additional Tax Returns Could Be Politically Damaging  ThinkProgress   ...At least eight Republicans have urged Romney to publicize the records and put the issue behind him, but the candidate is sticking to his guns...
REPORT: Biggest Donor To Romney And GOP Did Business With Chinese Mob  ThinkProgress   ...While focusing on the possibility that Sands violated the Foreign Corrupt Practices Act with a $700,000 payment to a Chinese associate, PBS also released documents that bolstered accusations of business ties between Adelson’s shop and Chinese organized crime figures...
Lehman sworn in, Democrats take Senate control  Milwaukee Journal Sentinel   ...With the election now officially certified and Lehman formally sworn in, Democrats take a 17-16 Senate majority...