Whippings for Workers and Locusts for Savers

By: Sunday August 19, 2012 10:40 am

The strike at Caterpillar‘s Joliet plant has ended in a crushing defeat for the union. Members agreed to accept a pay freeze for six years for most workers, and one 3% raise for those hired after May, 2005, a freeze on pension benefits, and a sharp increase in the worker share of health care premiums. Caterpillar is immensely profitable. It just gave its CEO a 60% increase in compensation, to $16.9 million. Based on the figures in the New York Times, I estimate the payroll at the Joliet plant at about $39 million.

 

Lakeside Diner

By: Thursday June 28, 2012 4:45 am

A variety of links to articles/interviews/speeches on current issues that may be of interest.

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