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Thursday, January 17, 2008

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  • Showdown in Nevada: Unions Face Off Over Casino Caucus Sites

    Vegasweb

    A federal judge is expected to rule on a lawsuit that seeks to ban caucus sites in nine Las Vegas strip hotels ahead of Nevada’s caucuses Saturday. Critics say the suit would disenfranchise the mostly Latino and female workers organized by the powerful Culinary Workers Union, which has endorsed Barack Obama. The suit was filed days after the endorsement by the Nevada State Teachers Union and several individuals backing Hillary Clinton. [includes rush transcript]

  • Unemployment, Foreclosure, Deunionization: A Look at the State of the Economy and Organized Labor in Michigan

    Welcomemichiganweb

    Tuesday night’s primaries in Michigan were dominated by concern over the economy. Michigan has the highest unemployment rate in the country and one of the highest foreclosure rates. Over 200,000 Michigan residents have lost manufacturing jobs since the year 2000. And the latest union contracts with the big three automakers include major concessions. We go to Detroit to speak with Chris Kutalik, a Detroit-based journalist and the editor of Labor Notes. [includes rush transcript]

  • Report: Subprime Mortgage Crisis Causing African Americans to Experience Greatest Loss of Wealth in Modern U.S. History

    Muhammedweb

    A startling new report has predicted the subprime mortgage crisis will cause people of color to lose up to $213 billion, leading to the greatest loss of wealth in modern U.S. history. The figure appears in a new report from United for a Fair Economy called "Foreclosed: The State of the Dream 2008." The group accuses mortgage lenders of deliberately targeting the poor and people of color with high-cost loans. We speak with Dedrick Muhammad, co-author of the report. [includes rush transcript]

  • Romney’s Bain Capital Profited Through Offshore Tax Havens, Closing U.S. Factories, Laying Off Workers

    Romneyweb1

    During his campaign, Republican candidate Mitt Romney has preached a message of economic populism by vowing to fight to keep jobs in America. We take a look at Romney’s days heading up the buyout firm Bain Capital with Los Angeles Times reporter, Bob Drogin. He writes, "From 1984 until 1999, Romney led Bain Capital, a Boston-based private equity group that earned jaw-dropping profits through leveraged buyouts, debt hedge funds, offshore tax havens and other financial strategies. In some cases, Romney’s team closed U.S. factories, causing hundreds of layoffs, or pocketed huge fees shortly before companies collapsed." [includes rush transcript]