Bipartisan Report Shows U.S. Must Move Aggressively on China’s Illegal Acts
The 2009 report to Congress by the bipartisan U.S.-China Economic and Security Review Commission (USCC) is a call to action for the United States to move aggressively against China’s illegal moves in the global economy and to create an industrial strategy to rebuild our manufacturing base, several experts said today.
During a telephone press conference sponsored by the Campaign for America’s Future, Carolyn Bartholomew said China has developed a plan to build national wealth and increase its power and influence in the world and the United States has not.
The Rich Are Different. They Have Jobs
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Goldman Sachs, one of the Wall Street firms that got the H1N1 flu shot well ahead of millions of America’s school children, sent this health tip in a memo to its pampered, out-of-touch execs: “Resist the urge to open your own car door; let your driver do it.”
Yo, Jeeves. While you’re at it, dust around the edges of those massive CEO pay packages. Because according to a report released today by the Government Accountability Office (GAO), top executives at four companies that jettisoned their employee pension plans received $49.5 million in retirement and severance benefits in the years before the companies filed for bankruptcy, while retirees saw their benefits cut by as much as two-thirds.
Yet Wall Street bankers are making that cash flow keeps coming: Yesterday, writes David Dayen, Senate Republicans bowed low before their corporate masters and delayed a move by Sen. Chris Dodd (D-Conn.) to immediately take up a bill that would freeze all credit card rates, charges and fee increases.
Senate Health Care Bill: Moving in the Right Direction
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Today, Senate Majority Leader Harry Reid (D-Nev.) officially released the Senate’s version of health care reform legislation, a major step toward the health care reform bill America has been waiting for. The first vote to begin debate on this historic bill could happen as soon as Saturday.
It’s an improved bill from the one passed by the Senate Finance Committee last month. It still falls short of an ideal bill but, like the one passed by the U.S. House earlier this month, it greatly increases coverage, helps make health insurance more affordable and includes a public health insurance option to compete with insurance companies.
AFL-CIO President Richard Trumka says Reid has shown courage and leadership in bringing a good bill to the full Senate. Trumka says the bill is a step in the right direction, because it would cover 31 million people, control costs, include a public option and cut $127 billion from the deficit in the first decade. Trumka notes that unfortunately, while many of the bill’s financing mechanisms are fair, it is still partially funded through a tax on health benefits.
Trumka: Jobs Crisis—Fix It Now
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Today at the Economic Policy Institute (EPI), AFL-CIO President Richard Trumka and other leaders joined together to call for urgent action to create jobs and rebuild the economy.
In a live webcast panel discussion, the consensus was clear: Without quick action, an entire generation could be mired in economic turmoil. The nation can, and must, put people back to work—while addressing critical needs for the future of our communities.
The scale of the jobs crisis is obvious: Since the beginning of the recession, more than 8 million jobs have been lost. The official unemployment rate is at 10.2 percent, with more than 26 million unemployed or underemployed. These figures are even more severe among African American and Latino communities. Young people are at risk of permanently stunted opportunity, and the jobs crisis is rebounding throughout the country with increased hunger and poverty, massive numbers of home foreclosures and diminished access to health care.
Here’s What the World Labor Movement Is Saying to President Obama and Asian Leaders
The global labor movement and the AFL-CIO are urging President Obama and other world leaders meeting in Singapore at the Asia-Pacific Economic Cooperation (APEC) to take strong stands on issues of jobs, trade imbalances, currency policy, workers’ rights and climate change.
With 59 million people expected to be unemployed worldwide by the end of the year, AFL-CIO President Richard Trumka and other trade union leaders called on the G-20 countries, which include China and Japan, to continue to press for a coordinated global economic strategy to stimulate new jobs to ensure a real recovery. China’s stimulus package has been significantly larger compared to the size of China’s economy than the U.S. stimulus and has been credited with driving China’s rapid recovery.
Trumka: Free Elections Not Possible Now in Honduras
The continued repression of trade unionists by the regime set up in Honduras after a June 28 coup makes it impossible to hold free and fair elections, says AFL-CIO President Richard Trumka in a Nov. 13 letter to Secretary of State Hillary Rodham Clinton.
Trumka points out that delegates to the AFL-CIO Convention in September passed a resolution calling on the U.S. government to suspend military aid to Honduras until President Manuel Zelaya, the democratically elected leader, is returned to office and human and trade union rights have been restored.
Click here to read the convention resolution on Honduras and here to read Trumka’s letter.
With an illegitimate government in power, scheduled elections later this month cannot be fair, free and open, Trumka says.
Trumka to Launch Jobs Initiative Tomorrow
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Tomorrow morning, AFL-CIO President Richard Trumka will announce a major new initiative to create and save jobs.
(Watch the live webcast at www.aflcio.org/createjobs starting at 9 a.m.)
Trumka will be part of a noted panel in “Spotlight on the Jobs Crisis” at the Economic Policy Institute (EPI).
With unemployment at its highest rate in more than 20 years, Trumka says America needs bold, quick action to put people back to work, in addition to longer term, structural fixes for our economy. The AFL-CIO initiative he announces will include calls to extend help for the unemployed, rebuild the nation’s infrastructure, provide aid to struggling states and communities, create federally funded community-based jobs and increase lending to small and medium-sized businesses to spur job creation.
Report: Face of Unions More Diverse
The face of the union movement has changed dramatically over the past 25 years. In 1983, more than half of all union workers were white men, few union workers had a college degree and nearly one-third were in manufacturing. Today, almost half are women, more than one-third have college degrees and only one in 10 work in manufacturing.
“The Changing Face of Labor, 1983-2008,” a new report released today by the Center for Economic and Policy Research (CEPR), shows the union movement is more diverse than 25 years ago. The makeup of union members reflects similar shifts in the overall workforce. About half of union workers are in the public sector, while one of every 10 is in manufacturing; and the remaining four are in the private sector outside of manufacturing. Click here to read the report.
Says CEPR senior economist John Schmitt, one of the report’s authors:
The view that the typical union worker is a white male manufacturing worker may have been correct a quarter of a century ago, but it’s not an accurate description of those in today’s labor movement. The unionized workforce is changing with the country, The fastest growing groups in the overall economy are also the fastest growing groups in the labor movement.
Bill Helps Workers, Communities Move to Clean Energy Jobs
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Workers would get assistance in upgrading their skills and communities could create good green jobs and build infrastructure under legislation introduced in the U.S. Senate last week. The American Worker and Community Assistance Act (S. 2742), co-sponsored by Sens. Bob Casey (D-Pa.) and Sherrod Brown (D-Ohio), would provide job training and support to workers and also would help communities adapt to a changing economy.
Says Casey:
There is tremendous potential in clean energy technology and manufacturing, but we must give workers the skills to succeed and employers must have access to a skilled workforce. Legislation being considered by Congress to combat global warming can reduce our dependence on foreign energy, increase our security and create a better world for our children. However, we also have a responsibility to our workers, industries and communities who may be affected by the shift in the economy.
Clean Energy Could Create 850,000 New Jobs
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With more than 2 million U.S. manufacturing jobs lost since the beginning of this recession in December 2007, a new report says developing a clean energy economy in the United States could create some 850,000 new manufacturing jobs.
The report, “Building the Clean Energy Assembly Line: How Renewable Energy Can Revitalize U.S. Manufacturing and the American Middle Class,” by the Blue Green Alliance, recommends major policy changes to build markets for clean energy and provide the financing and capacity building to create clean energy jobs.
Speaking at a telephone press conference today, Sen. Sherrod Brown (D-Ohio) said federal policies gave a boost to the auto, medical and other industries, and they can do the same for clean energy.
Clean energy can revitalize U.S. manufacturing. Clean energy technology utilizes many of the same components manufactured for the auto industry. Done right, clean energy policy will create new demand for…manufacturing.
