"Wake-up call sounds for U.S. workers"
Peter K.
peterk at enteract.com
Wed Aug 14 20:01:42 PDT 2002
>>
http://cbs.marketwatch.com/news/story.asp?guid=%7B79128AF9%2D25AB%2D4E3D%2D8F4B%2D589624342713%7D&
>> siteid=mktw
>>
>> Carl
>
>It is an unusual spot. I didn't realize women are the more militant portion
>of the unionized workforce. Cool. Also, despite the fact that only 9% of the
>privatized workforce is unionized, unions represent 24% of the $7trln of
>public pension assets ($1.7tln). So, there's a multi-trillion dollar
>opportunity for union trustees to effect change in retirement fund policy,
>not to allow companies like ULLICO to invest in maverick upstarts like Global
>Crossing on the expectation of wild returns, but to be far more prudent,
>better-informed and vocal about investment decisions.
>
>Nomi
The experiment in Sweden didn't go so well. Unions need to invest
their money in worthwhile candidates, not losers like Clinton. I saw
a Green rally on TV the other night and Nader's calling for the
repeal of Taft-Hartley!
Peter
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