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Click here to visit the new home of Politics Daily!The public image of labor unions is near an all-time low. While a majority of Americans believe unions have a positive effect on salaries, benefits, and working conditions, few think that unions contribute to productivity, the availability of good jobs and the ability of U.S. companies to compete globally, according to a Pew Research Center poll conducted Feb. 2-7. Forty-five percent of those surveyed had a favorable view of unions, slightly higher than the 41 percent a year ago, but well below the 58 percent recorded in January 2007. Corporations don't fare much better with 47 percent of ...
UNITED NATIONS -- "On the day of the attack I woke up before dawn ... before I could even say anything he threw the acid at my face and fled. I was rushed to the hospital; my face and body were burned severely. As a result I am blind in both eyes, I have lost both earlobes have gone through 16 skin grafting surgeries" This is the story of Florence, a 40-year-old woman from Uganda, whose testimony was read out last month at the United Nations as an example of violence against women, which is described as a "pandemic." One in three women experience some form of physical abuse in their ...
Oct. 22 -- An institutionalized system of skewed incentives allowed Wall Street bankers and other corporate executives to gamble with America's wealth and then get away largely scot-free after the house of cards came tumbling down, plunging the U.S. into the worst economic crisis in decades and destroying trillions of dollars of wealth worldwide. That's the analysis of Joseph Stiglitz, an internationally renowned economist and winner of the 2001 Nobel Prize in economics. (His latest book, Freefall: America, Free Markets, and the Sinking of the World Economy, is just out in paperback.) ...
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President Obama urged Congress to act quickly on a bill meant to offset the impact of a recent Supreme Court decision that eased restrictions on campaign advertisements financed by corporations and private groups. Obama, warning of a "potential corporate takeover of our elections," is pushing for action on Sen. Chuck Schumer's bill forcing corporations, labor unions and other organizations to disclose in their ads the names of the sponsors and also to make public the names of contributors. Until the 5-4 court ruling, private groups were barred from making independent expenditures on ...
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A little more than a century ago -- just about at the same time when Congress outlawed all campaign contributions by corporations -- humorist Finley Peter Dunne, channeling the diction of an Irish bartender, shrewdly wrote, "Th' Supreme Coort follows th' election returns." Normally, though, the Supreme Court has the self-restraint to wait more than two days. On Tuesday Massachusetts voters rebelled against special interests, Wall Street bailouts, and one-party rule by vaulting Republican Scott Brown into the Senate. Thursday morning the Supreme Court, by an ideologically predictable 5-to-4 ...
After nine months of negotiations, Comcast has agreed to buy NBC Universal from General Electric, the New York Times reports. The deal, which will give the country's largest cable provider a 51 percent share of NBC, will reshape the television industry and fulfill Comcast's longtime goal of producing television shows and movies. GE will still own 49 percent of the network. As part of the joint ownership deal, Comcast will contribute its stable of channels, worth about $7.25 billion, and pay GE $6.5 billion in cash for a total of $13.25 billion. GE purchased back the 20 percent share of NBC ...
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