An Instructive Episode at What Remains of the Boston Globe
Some of us have speculated that many newsrooms in America are so hell-bent on maintaining their supposedly hallowed positions -- and that by their way of "thinking" they are exempt from the normal laws of economics -- that they will have be dragged kicking and screaming from their keyboards when the repo men come around to turn out the lights. This week's events at the Boston Globe give validity…
Here We Go Again: This Time Gov't. Is Trying to Shaft Unsecured GM Bon
Earlier today at my blog, I noted in a post updating the sad situations at bankrupt Chrysler and headling-for-bankruptcy General Motors, that GM is, according to a Wednesday Reuters report, offering secured bondholders a much better deal than the 29 cents on the dollar Chrysler's secured creditors have been offered. Chrysler's "non-TARP secured lenders," after what they allege with much…
IL Treasurer’s Intimidation of National Bank, and Union's Invocation
Shoot, he's only talking about pulling $8 billion in state-controlled money because a bank won't go easy on a business borrower who can't pay. What's the big deal? Well, the story involves the company that makes suits for President Barack Obama (pictured at right). Beyond that, the union at that company is citing the US Treasury Department's Troubled Assets Relief Program (TARP) as a reason that…
MSNBC Pro-Union Host Ed Schultz Received $22K from Organized Labor in
Ed Schultz debuted on MSNBC during the 5 p.m. slot on April 6 with a flashy new set. And although the liberal radio host's "The ED Show" is in its infancy, it has one apparent theme - it's very pro-organized labor. Leo Gerard, president of the United Steelworkers, was even Schultz's first guest. On his second show on April 7, Schultz's opening "OpEd" segment was firmly for the Employee Free…
Union Got To Be Kidding Me
Sure, its revenues might be plunging along with its share price, but the New York Times is still good for something. In these somber days of winter, the Gray Lady, her name notwithstanding, can still inject the sunshine of humor—albeit of the unintentional variety.Take its current editorial, Getting Immigration Right -- please. With jobs at a premium and the collapse of the Big Three automakers…
AP Flunks 'Meltdown 101' in Comparing US and Foreign Car Companies
You would think from reading yesterday afternoon's report by the Associated Press's Tom Murphy that companies like Toyota, Nissan, and Honda are not that far from finding themselves in the situations US taxpayer bailout recipients General Motors and Chrysler are in. Murphy tries mightily to make the foreign-owned companies' situations look serious, at one point even putting out the howler that…
AP Photogs and Journos Withholding Bylines; World Somehow Survives
No, it's a not a story from the Onion. It's AFP reporting on the actions of Associated Press photographers and journalists:US news agency staff stage 'byline strike' Journalists and photographers at the US news agency the Associated Press (AP) are withholding their bylines to protest management's stance in contract talks, their union said. "Staffers recognize the tough times, but they also…
Republic Windows & Doors Files for Bankruptcy
The Chicago company that was the site of a six-day worker sit-in has filed for bankruptcy. Though this appears to have been expected, it seems that many aspects of this story went under-reported or unreported. The Chicago Sun Times story written by Francine Knowles and Sandra Guy makes it appear that Bank of America, the lender whose refusal to extend a credit line allegedly caused the company's…
UAW Gave $1 Million+ to Pro-Bailout Congressmen; Media Focus on Anti-B
The proposed automaker bailout has a big stamp on it that says "union-built," but the news media hasn't noticed. Over the past month, accusations have been flying against several Southern senators who oppose a $14 billion bailout for the beleaguered big three automakers and support the the alternative of Chapter 11 bankruptcy. These senators, critics say, are representing the interests of…
CBS Sides With Union In Chicago Factory Protest
At the top of Monday’s CBS Early Show, co-host Harry Smith teased an upcoming story about a protest by laid off workers at a Chicago factory: "Fighting back, workers stage a protest after being laid off, refusing to leave their Chicago factory until their demands are met...We'll take you there live and hear what they're fighting for." Later, co-host Maggie Rodriguez interviewed Leah Fried of the…
FT Notes Scranton Union Worker Voting Reluctantly for Obama
Imagine the media maelstrom if a reporter found a swing-state Republican voter who had strong reservations about voting for John McCain, was flirting with the idea of voting for Barack Obama, but ultimately resigned him/herself to voting for McCain out of pressure from his/her evangelical church.But make that a labor union Democrat from Pennsylvania and it's but a passing reference in a news…
