Finance

AFL-CIO Housing Trust Generates Union Jobs In Chicago
Finance

AFL-CIO Housing Trust Generates Union Jobs In Chicago

August 28, 2013 By Neal Tepel Chicago, Ill. –  One of the many projects of the AFL-CIO Housing Investment Trust (HIT) is the rehabilitation of a 26-story residential tower on Chicago's Near South Side at 2101 South Michigan Avenue.  The work on the aging property will generate approximately 245 union construction jobs for the 250-unit…

NYS Common Retirement Fund Results
Finance

NYS Common Retirement Fund Results

August 21, 2013 By Stephanie West Albany NY – The New York State Common Retirement Fund’s (Fund) overall rate of return for the first quarter ending June 30, 2013, was 0.29 percent, according to New York State Comptroller Thomas P. DiNapoli. The Fund’s estimated value at the end of the first quarter of its fiscal…

Detroit Bankruptcy-What’s Really Behind it?
Finance

Detroit Bankruptcy-What’s Really Behind it?

August 7, 2013 By Steve Weiner In recent years, there have been huge attempts by corporate America and some state governments to blame the country’s economic woes on what they deceitfully describe as the “outrageous” demands by workers—especially public employees—for decent wages, health insurance, and pensions.

Job Growth Continues Weak and Must Be Addressed
Finance

Job Growth Continues Weak and Must Be Addressed

August 6, 2013 By AFL-CIO President Richard Trumka Current economic and labor market conditions do not deserve to be labeled a “recovery” – except as they concern the very richest among us. For the vast majority of Americans, the economy remains mediocre —more than four years after the official end of the recession.

It’s Time to Increase Federal Minimum Wage
Finance

It’s Time to Increase Federal Minimum Wage

July 31, 2013 By Neal Tepel To create opportunity for American workers, we must ensure that they can earn enough to support a family and afford life’s very basics. It's  been four years since our low-wage workers last saw a raise. It's time to increase the federal minimum wage

Recovery Helps NYC Balance Budget
Finance

Recovery Helps NYC Balance Budget

July 24, 2013 By Neal Tepel A strong economy, bolstered by job gains that have outpaced the nation, have helped balance the New York City Fiscal Year (FY) 2014 budget and maintained services at current levels without raising taxes. This according to a review of the city’s financial plan released Tuesday July 23rd  at the…

First Trade Launches FT Pay Mobile Payment & Loyalty App
Finance

First Trade Launches FT Pay Mobile Payment & Loyalty App

July 23, 2013 By Michael Fina, Vice President / Institutional Banking, First Trade Union Bank The next wave of mobile banking has arrived.  Mobile payments allow consumers to make payments using their mobile devices in the same way they swipe plastic cards to make payments at the point of sale.  While a few companies have begun…

EPI Data Show It’s Impossible to Get By On Minimum Wage.
Finance

EPI Data Show It’s Impossible to Get By On Minimum Wage.

July 12, 2013 By Neal Tepel Washington DC – EPI’s family budget calculator demonstrates that it is impossible for families living on minimum-wage jobs to make ends. The real costs for families to live modest, economically secure lives are much higher than conventional estimates show for all cities across the country.

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