Word: unioneering
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Dozens of union activists, students, and University employees gathered in Harvard Yard Thursday afternoon to voice their outrage and disbelief at the hundreds of staff layoffs announced earlier this week...
...this time, anger is a necessary thing," said Wayne M. Langley, director of higher education for the Service Employees International Union Local 615, to a cheering crowd. "People have to stand up, rise up, and defend our rights...this is only the beginning...
...University spokesman Kevin Galvin noted that compensation costs account for half of Harvard's operating budget, and also pointed to the other cost-cutting measures implemented by the University before the layoffs, including a voluntary early retirement program, a salary freeze for faculty and non-union staff, and strictly limited hiring practices. He said that staff reductions have thus far been "spread evenly across our workforce," and noted that the average participant in the early retirement program had an annual salary of $67,000, with roughly half the participants working as hourly employees and half as administrative and professional staff...
...Teasing the meaning out of such changes is what Fed watchers do - they're sort of like Kremlinologists before the fall of the Soviet Union. UniCredit economist Harm Bandholz interpreted the new wording to mean that the FOMC had decided that "the deflation threat is gone...
...Shabaab, originally the armed wing of the Islamic Courts Union - the government Ethiopia toppled in 2006-07 - also grew into something far more menacing during its resistance and eventual defeat of Ethiopian forces, attracting vocal support from Osama bin Laden, imposing the strictest Shari'a law and attracting hundreds of foreign jihadists from the Middle East, South Asia and the West to its ranks...