BCTGM on Strike in New York as Private Equity Owners Seek to Devour Wages, Benefits

[Omaha Steve]

Members of BCTGM Local 50 in New York city have been on strike against the Stella D'Oro biscuit company since August 13, posting pickets around the clock in a battle to defend their wages, benefits and dignity against the company's private equity owners.


http://www.iuf.org/den5354


Eurosocialists Push for Comprehensive Regulation of Private Equity, Hedge Funds


The European Parliament is set to vote on a report on Tuesday, September 23, calling on the European Commission to introduce legislative proposals for comprehensive financial market reform before the end of the year. The report, spearheaded by former Danish Prime Minister Poul Nyrup Rasmussen, who also heads the Party of European Socialists (the EU-wide grouping of Social Democratic and Labour parties), sets out clear guidelines for closer regulation of private equity, hedge funds and financial markets as a whole in the European Union.


To highlight the need for action in the face of global financial meltdown, and to support the initiative, the online campaigning organization Avaaz has launched an electronic petition. Signatures will be presented by Rasmussen to Euro MPs and to the European Commission on Tuesday in connection with the report. To learn more, and to sign the petition, click here: http://www.iuf.org/den5349


IUF secretariat