Posted by admin! / Under Consolidation Loan Rate
The executive board of the Service Employees International Union will take up a proposal Thursday to consolidate in a single local all long-term-care workers in California, despite the vehement protests of critics who say the change will weaken labor's hand. ... The idea is to move the 65,000 long-term-care workers of the 150,000 members of United Healthcare Workers-West in Oakland, San Jose's Local 521 and Los Angeles-based Local 6463 into a single group. Proponents say the concretion of wealth and globalizing corporate ownership requires unions to organize on a scale to compete with employers. Opponents, and in particular Sal Rosselli,...
Published on Monday 8th of March 2010 09:06:02 AM
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Posted by admin! / Under Consolidation Loan Rate
NEW YORK (Reuters) - Financial firms face a "new world order" after a weekend fire sale of Bear Stearns and the Federal Reserve's first emergency weekend meeting since 1979, research firm CreditSights said in a report on Monday. More industry consolidation and acquisitions may follow after JPMorgan Chase & Co (JPM.N) on Sunday said it was buying Bear Stearns (BSC.N) for $236 million, or $2 a share, a deep discount from the $30 price on Friday and record share price of about $172 last year. "Last evening the Bear Stearns situation reached a crescendo, as JPMorgan agreed to acquire the...
Published on Monday 8th of March 2010 09:06:02 AM
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Posted by admin! / Under Consolidation Loan Rate
She spent her life praising God at Our Lady Queen of Angels Church - but Carmen Gonzalez's funeral will be held on the sidewalk outside the East Harlem building today because the Archdiocese of New York shuttered it last winter. Gonzalez, 72, a nearly life-long Our Lady parishioner who died Monday after a bout with cancer, fought the closure until the end, leading loved ones to say that the unusual memorial would be most fitting. "I have mixed feelings about this, but on the other hand, I think my mom would be very happy and would approve," her son Alfred...
Published on Monday 8th of March 2010 09:06:02 AM
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Posted by admin! / Under Consolidation Loan Rate
QUITO, Ecuador (AP) -- Ecuador's president toughened his stance against Congress on Saturday, saying that a special assembly elected to write a new constitution for the politically turbulent country should dissolve the lawmaking body. ``I thought the constituent assembly wouldn't have to dissolve Congress ... but with this kind of Congress we're not going to be able to do anything,'' Rafael Correa said in his weekly radio address. The assembly ``will have to dissolve Congress,'' he said. Earlier this year, Correa's insistence that the 130-member assembly, which Ecuadoreans are scheduled to elect on Sept. 30, have the power to dissolve...
Published on Monday 8th of March 2010 09:06:02 AM
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