Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (57664)	11/10/2009 5:48:56 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217830

just in in-tray Just arrived back in Hong Kong after a long weekend in San Francisco to celebrate a friend's birthday. Was strolling around Union Square on Saturday afternoon and heard a huge ruckus coming from the Grand Hyatt Hotel on the northwest corner. What was happening? A very loud, noisy strike - and I heard that those staying there were checking out in droves.... What on earth would motivate a group of people to go on strike in a country with 10.2% unemployment and in a state with 12.2% unemployment? It is either because San Francisco people cannot think rightly, they are confident of union protection from the State & City and or are confident that the Obama Administration has their back..... Interesting to check out the AFL-CIO website today, this isn't the only action going on.... blog.aflcio.org The six-day strike by Philadelphia transit workers is over. 300 members of UNITE HERE Local 2 returned to work yesterday after a three-day strike at San Francisco’s Grand Hyatt, and negotiations are set to resume Thursday. Local 2, which represents some 9,000 hotel workers, warns that strikes may be called at other hotels if negotiators are unable to agree on the health care cost issue. United Food and Commercial Workers (UFCW) Local 99 says a strike by 20,000 grocery workers in Arizona is likely. And of course we read this: UAW reported last Monday that Ford workers rejected contract modifications proposed by the company. Ford workers don't want the same conditions as GM and Chrysler - at least not unless they blackmail the company so that they too own a significant stake in the company via equity ...... It reminds me of the 1930's all over again. If you have a job, you have it made because you're making good money. But because wages are so high, no one wants to hire more workers. Result? Unemployment remains incredibly high with no real clear or easy clearing mechanism..... And with 4 minimum wage hikes in the past 3 years, is it no wonder that teenage unemployment is so high (27.6%)? And if you are under 20 and black, heaven help you, because their unemployment rate is now 41.3%.