by Mike Hall, Mar 17, 2010 (from the AFL-CIO Blog)
JP Morgan Chase CEO Jamie Dimon was found guilty yesterday of conspiracy to wreck the economy, destroy jobs and the immoral use of taxpayer bank bailout money for millions in Wall Street bonuses.
The courtroom was on a Madison Wis., street in front a JP Morgan Chase bank branch and the jury included dozens of union and community activists. The street theater was part of the AFL-CIO union movement’s two weeks of action across the country to Make Wall Street pay to create jobs and fix they economy they ravaged.
We bailed out Wall Street now its time for Wall Street to bail out Main Street.
More than 200 “Good Jobs Now, Make Wall Street Pay” actions are planned through March 25. The rallies and marches will demand that the Big Six Wall Street banks–Bank of America, Citibank, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wachovia-Wells Fargo–take the following actions:
Pay their fair share to restore the jobs their actions destroyed.
Stop their multi-million dollar lobbying blitz to kill financial reform.
Start lending to communities, small businesses and others starved for credit.
Also yesterday, union members distributed leaflets in front of JP Morgan Chase branch in Baton Rouge, La., and rallied at a Bank of America office in Charleston, S.C. Today union activists in Butte, Mont., will march in the town’s St. Patrick’s Day parade carrying “Make Wall Street Pay” signs and banners. This afternoon, the West Virginia AFL-CIO, along with community allies, staged a rally in front a Wells Fargo/Wachovia Bank in Charleston.
Find out about events in your area here. If you take part in an event, be sure to send us your photo or video here.
You also can tell Wall Street executives to pony up and create good jobs by sending a letter urging them to do the right thing. Just click here.
Posted by SCapozzola on March 11th, 2010(reprinted from manufacturethis.org)
There’s a new movie theater under construction in Granite City, Illinois. And thanks to the efforts of AAM Field Staffer Jeff Rains and others, domestic steel is being used in the project.
Doug May of the United Steelworkers explains that local city council Buy American provisions were involved in the project, with thanks to USW Local 1899 President Dan Simmons and Granite City Alderwoman Brenda Whitaker. A local “Downtown Committee” helped direct the project and has been making efforts to restore and rebuild the area by combining old and new– “where industry and art meet.”
Doug says that a “tremendous amount of steel has been used” in the project: “The exterior of the building will incorporate elements of exposed steel beams in the “bent plates” as seen on the exterior of pic # 486 to represent the foundation of steel manufacturing that built this historic community.”
Some 30,000 Communications Workers of America members ratify a contract with AT&T, and more news from the “Bargaining Digest Weekly.” The AFL-CIO Collective Bargaining Department delivers daily, bargaining-related news and research resources to more than 1,200 subscribers. Union leaders can register for this service through our website, Bargaining@Work.
SETTLEMENTS CWA, AT&T: Members of Communications Workers of America (CWA) District 3 last week ratified a three-year contract with AT&T. The contract covers 30,000 workers in the Southeast. CWA District 1 in Connecticut is now the only region still in negotiations with AT&T.
AFT, DetroitSchool District: The Detroit Federation of Teachers/AFT signed a letter of agreement with the school district that avoids the layoffs of 72 teachers and the transfer of another 50 teachers due to take effect March 7. The deal also preserves $46 million in federal funding of the early childhood program.
AFSCME, Columbus City Schools: 3,500 public school support staff in Columbus, Ohio, approved a new two-year contract on Tuesday. The contract provides a 3.55 percent wage increase over the term for the members of the Columbus School Employees Association (AFSCME-CSEA).
UFCW, Stop & Shop: Members of five United Food and Commercial Workers (UFCW) local unions in Connecticut, Massachusetts and Rhode Island on Sunday ratified new three-year contracts with Stop & Shop Supermarket Co. The contracts cover nearly 40,000 workers and provide wage increases while maintaining pension and health care benefits.
NEGOTIATIONS AFTRA and SAG, AMPTP: The American Federation of Television and Radio Artists (AFTRA) last week announced it will join the Screen Actors (SAG) in negotiations with the Alliance of Motion Picture and Television Producers, after bargaining separately during the last contract talks. The current contract expires June 30, 2011, and talks are scheduled to begin Oct. 1.
Multiple, City of San Francisco: Some15,000 San Francisco city workers received layoff notices Friday as part of Mayor Gavin Newsom’s plan to cut costs by rehiring the workers to a reduced workweek. The workers are represented by multiple unions, including the International Federation of Professional and Technical Engineers (IFPTE) Local 21 and SEIU Local 1021, which have formed the Public Employees Committee to develop counterproposals. If no alternative to the layoffs can be agreed upon, the city unions plan to file a lawsuit.
NFLPA, NFL: The NFL Players Association (NFLPA) on Thursday shared with members details of team owners’ latest proposal, which could reduce players’ compensation by 18 percent. The union says this reduction in pay is “not justified given the NFL’s unprecedented growth and [the owners'] failure to provide meaningful financial data relating to their expenses.”
WORK STOPPAGES UFCW, Shaw’s Supermarkets: Workers at a Shaw’s Supermarkets distribution center in Methuen, Mass., went on strike yesterday, after voting to reject the company’s latest contract proposal. The 309 workers are members of UFCW Local 791.
Disclaimer: This information is being provided for your information only. As it is compiled from published news reports, not from individual unions, we cannot vouch for either its completeness or accuracy; readers who desire further information should directly contact the union involved.
(from the Sheet Metal Workers International www.smwia.org)
The A.F.L.-C.I.O. announced on Wednesday that it will sponsor two “Weeks of Action” including demonstrations in 200 cities against the nation’s major banks.
The demonstrations will be held from March 15 through March 30 with the slogan “Good Jobs Now, Make Wall Street Pay.”
The demonstrations will have three goals: getting banks to pay their fair share, getting banks to stop fighting tougher new banking regulations and getting banks to lend more to “Main Street” and small businesses in order to boost jobs in the current difficult economy.
The rallies and protests will take place at branches and office of Bank of America, Citibank, Goldman Sachs, JP Morgan Chase, and Wells Fargo, to name a few.
According to Vincent Panvini, SMWIA Director of Political and Government Affairs, “the people who put us in this mess and killed millions of jobs ought to be funding the creation of millions of new jobs.”
Organized labor will call for a “speculative” tax on short-term financial transactions, a tax that could raise $400 billion a year and would discourage a short-term investment mentality.
The labor movement is also calling for imposing higher taxes on banker’ bonuses and on the large incomes of hedge fund executives.
