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| Subject: labor unions A trade union (or labor union, labour union) is an organization of workers who have banded together to achieve common goals in key areas, such as working conditions. The trade union, through its leadership, bargains with the employer on behalf of union members (rank and file members) and negotiates labor contracts (Collective bargaining) with employers. This may include the negotiation of wages, work rules, complaint procedures, rules governing hiring, firing and promotion of workers, benefits, workplace safety and policies. The agreements negotiated by the union leaders are binding on the rank and file members and the employer and in some cases on other non-member workers. (Wikipedia Jan 2010) Deflation Economics By John Schroy, on April 10th, 2010 |  Leave a comment  Deflation is said to occur when general price levels fall. The last important example of general deflation in the United States occurred during the Great Depression. Federal Reserve officials and central bankers around the world often regard deflation as a greater risk than inflation. Under the Obama administration, US central bankers are now wary of both deflation and inflation. April 10th, 2010 | Print Article |  Email Article |  Topics: Asset-backed Securities, Barack Obama, Bonds, central bank, deflation, efficient market hypothesis, Federal Reserve Bank, fiscal deficit, Franklin Roosevelt, Great Depression, Inflation, labor unions, Macro Economic Theory, money market funds, rating agencies, Ronald Reagan, savings, sub-prime mortgages, trade unions, unemployment, US taxation | Category: Economic Theory, featured | Leave a comment |  Short urlUS Politics By John Schroy, on March 4th, 2010 | Leave a comment  In order to ram through Congress unpopular healthcare legislation that will radically increase the fiscal deficit and decrease the quality of healthcare for hundreds of millions of Americans, President Obama has asked fellow Democrats to ‘fall of their swords’, voting for his bill even though it might cost them their jobs in November 2010. This article describes how a president that has little regard for the Constitution or historical precedent, with a radical agenda, could, with impunity, do things that few Americans realize. March 4th, 2010 | Print Article | Email Article | Topics: Abraham Lincoln, Barack Obama, Communist Ideology, Constitutional Law, Democratic Party, Fidel Castro, Harry Reid, Hugo Chaves, Igor Panarin, Jimmy Carter, Karl Marx, labor unions, Lyndon Johnson, Nancy Pelosi, Obamacare, Olympia Snowe, Republican Party, Scott Brown, socialism, Susan Collins, Tea Party Movement, United States, US Congress | Category: US Politics, featured | Leave a comment | Short urlBank nationalization By John Schroy, on April 20th, 2009 | 2 comments  There have been suggestions that the Obama Administration should nationalize the ‘big bad banks’. Is this a good idea? This article discusses possible consequences of nationalization of Citicorp by the US government. These consequences may include lost of deposits, loss of customers, greater inefficiency, political favoritism in lending, the decline of Wall Street, and an impact on the US dollar as most favored international reserve currency. April 20th, 2009 | Print Article | Email Article | Topics: Barack Obama, Barney Frank, Citicorp, labor unions, reserve currency, TARP, US dollar | Category: US Politics | 2 comments | Short urlFeatured articles on inside pages
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