Posts tagged 401(k)
Terence Crawford Takes Aim at Boxing Corruption, Wants to Start Union
August 18, 2023 // “If all of the top fighters with a name and a brand behind them came together, we could make change,” he said. “We have different races, different ages, different countries — it’s everyone from all walks of life coming together. I think it can be done.” In January 2022, Crawford filed a lawsuit seeking nearly $10 million against his former promoter Bob Arum of Top Rank, accusing him of racial bias against promoting Black fighters. “Boxing is one of the most corrupted sports there is and ever [has] been in the history of sports,” Crawford said in another interview with Boardroom. “We’ll take a $5 million guarantee not knowing there’s $30 million dollars that we missed,” he added. “Once I started asking [contract] questions and learning a bit here and there, it became a problem between me and my old promoter, and at that point in time, I knew it was time to go.”
Opinion: These powerful unions helped flip the Pennsylvania House
May 4, 2023 // Union executives’ political spending continues to break records. For the first time in Pennsylvania history, government unions’ combined political action committee spending surpassed $20 million in one election cycle, more than triple what they spent a decade ago. By comparison, the record-breaking spending in the seven-way Pennsylvania Supreme Court race in 2015 reached a total of $15.8 million across all candidates from all parties. For the governor’s race alone, public sector union executives gave nearly $5.5 million in direct political contributions to Josh Shapiro’s campaign. Three unions in particular — the commonwealth’s largest teacher union, the Pennsylvania State Education Association, and two national unions representing state workers, the Service Employees International Union and the American Federation of State, County and Municipal Employees — reported more than $1 million each. It’s no coincidence that Shapiro must soon sit down and bargain with SEIU and AFSCME executives and that the PSEA expects huge returns in terms of state funding.
Biden set for first veto on Senate bill opposing climate-friendly investing
March 2, 2023 // President Biden is expected to issue the first veto of his presidency after the Senate passed a bill Wednesday that would revoke a Labor Department rule allowing the managers of the agency’s vast retirement funds to use climate-oriented and social criteria when making investments. The Senate passed the measure after Sens. Jon Tester (D-Mont.) and Joe Manchin III (D-W.Va.) crossed party lines and joined the Republicans, providing the key pieces of the 50-46 majority needed. Both senators are up for reelection next year in heavily Republican states. Four senators abstained. The House passed the bill on Tuesday. The measure takes aim at big asset managers who often use criteria that they believe are crucial for building a portfolio that can withstand changes, especially climate changes, over the coming years. These criteria are known as ESG — environmental, social and governance — and have become sensitive political and cultural touchstones, with critics calling them evidence of “woke” financial institutions.
Can Women Help Fill the Shortage of Trade Workers? Unions Are Betting On It.
February 15, 2023 // Her website bio describes her as a feminist plumber, but Judaline Cassidy is more than that. She’s nothing short of a tradeswoman evangelist, preaching the gospel of tradework to the masses, and she hopes women are listening. Cassidy was raised by her grandmother in Trinidad and Tobago. Without money to attend college, she began to look at trades, which she saw as the one way she could learn an employable skill and get paid doing it. She chose plumbing.
Union representing Disney World employees urging workers to reject company’s latest wage offer
January 31, 2023 // Disney spokesperson said, "This very strong offer provides our Cast Members with a nearly 10% average increase immediately and guaranteed raises for the next four years with every single non-tipped Cast Member promised at least a $20 starting wage during the contract, and the majority seeing a 33% to 46% increase during that time." All six unions representing workers in the Service Trades Council Union (STCU) are recommending that members vote no on Disney's contract proposal to keep fighting for a better pay rate.
Who Says Unions And ESOPs Don’t Mingle?
December 21, 2022 // Plus, with vigorous ESOP-related activity in Congress and state legislatures, I stand by my prediction that this will be the Decade of the ESOPs. In 2022, three major bills delivered significant incentives for existing and future ESOPs. They include the National Defense Appropriations Act, the Inflation Reduction Act that exempts ESOPS from a new 1% excise tax on corporate stock repurchases, and a measure signed in August strengthening the U.S. semiconductor industry that singles out employee-owned companies and associations for targeted support.
Geico workers organizing in Amherst
September 12, 2022 // For years, employees said, those jobs were good jobs. Geico today pays a minimum of $16.84 per hour for entry-level employees and as much as $91.70 per hour for upper management, according to records reviewed by Investigative Post. The employees who spoke with Investigative Post said they make between $20 and $30 per hour, or between $40,000 and $60,000 per year. But the COVID-19 pandemic, they said, rocked Geico’s business, causing the company to make a number of adjustments in short succession that changed employees’ jobs. Because many Geico employees are still working from home, organizers have been knocking on doors and visiting their coworkers at home to ask them to sign a union petition.
New Seasons Employees Have Filed for Union Elections
June 2, 2022 // The separate announcements and filings were deliberate: Employees of the independent New Seasons Labor Union decided to represent themselves without an established union partner. “We decided that the best way for us to be heard was for us to represent ourselves,” a New Seasons Labor Union organizer told the Mercury.
Teachers at the Blue Man Group’s “Progressive” School Strike Over Union Busting
May 27, 2022 // The private Blue School in New York teaches labor history. Its teachers just walked off the job.
OP-ED | A Better Approach to the Silver Tsunami
March 18, 2022 // Too often, for unions, the customers are themselves rather than the public, which is why the state should be taking advantage of retirements by focusing on modernizing, reorganizing, retooling, and outsourcing as much as possible. The major advantage in choosing among hiring private employees/services is that change can be made quickly to accommodate the needs of customers. Not working well? Terminate the contract and find a better solution in the marketplace.