Word: union
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Think of mergers and you typically imagine captains of industry egged on by big bankers. But this week's most significant consolidation is happening on the other side of the working world: between labor unions. The United Steelworkers (USW), America's largest private-sector union, is joining up with Unite, Britain's largest national union, to form the world's first transatlantic union. The deal, set to be inked on Wednesday at the Steelworkers' International Convention in Las Vegas, will create the grandiosely named Workers Uniting: The Global Union. Says USW President Leo W. Gerard: "We're creating...
...rationale for the ocean-spanning super union is obvious and ubiquitous: globalization. Most of the companies that labor deals with are globe-straddling multinationals, yet unions remain national organizations. That's widely considered one reason why organized labor has endured decades of decline in overall membership and in clout. Thomas A. Kochan, co-director of the Institute for Work and Employment Research at the Massachusetts Institute of Technology, is convinced the Steelworkers and Unite will make the merger work, he says, "but it will take time; it's uncharted territory." He points out that since t he USW already...
...State of the Union address, Theodore Roosevelt, dismayed that there were no laws to "hamper an unscrupulous man of unlimited means from buying his own way into office," proposed "a very radical measure" he hoped might make elections more fair and transparent. (To his great embarrassment, Roosevelt himself had been hit with accusations that he promised a French ambassadorship to a senator from New York in exchange for $200,000 in big business campaign donations.) "The need for collecting large campaign funds would vanish if Congress provided ... an appropriation ample enough to meet the necessity for thorough organization and machinery...
...Western governments have been slow to try political negotiations, or even to enact cost-free sanctions against Mugabe. In part, this is because European and U.S. officials believe that the African Union - whose summit is under way in Egypt - should spearhead negotiations on Zimbabwe. Yet the West has so far balked at the solution which South Africa, the most important player, has in mind: a deal for Mugabe to share power with his enemies in exchange for amnesty from prosecution in an international tribunal. It was only last week that Britain stripped Mugabe of the honorary knighthood conferred...
...baseline for emission reductions: 1990, which was used for the Kyoto Protocol, or a more recent year. No one is speaking the same language. "You have a clear split between the European and the non-European G8 nations," says Alden Meyer, director of strategy and policy for the Union of Concerned Scientists. "That makes it unlikely we'll get any specific agreement for 2020, which makes it unlikely developing nations will agree to specific targets...