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Today's Teamster News 04.14.13

Billionaire Koch brother wins $12.38 million bad wine verdict  UPI   ...A New York jury this week awarded oil industry billionaire William Koch $12.38 million in damages in his beef with Internet mogul Eric Greenberg over bad wine...
Lloyd Blankfein's $21m haul makes him the world's best paid banker  Guardian   ...Goldman Sachs paid its chief executive, Lloyd Blankfein, $21m last year – and granted him a further $5m in bonus shares in January...
Dems fear Obama Social Security cut will haunt them in 2014 races  The Hill   ...Although Democrats have long-championed the retirement program, they say Obama's plan to reduce payments for future beneficiaries through a chained consumer price index (CPI) has weakened their stance and opened the door for Republicans to vilify the president...
In Spite of the Recovery, More Workers Are Borrowing From 401(k)s  Bloomberg   ...One statistic about U.S. household finances is so startling that it deserves its own post: Nearly one in three employees say they took a hardship loan or distribution from their 401(k) retirement accounts last year, up from one in four in 2011...
Michelle Rhee’s Reign of Error  Taking Note   ...Michelle A. Rhee, America’s most famous school reformer, was fully aware of the extent of the problem when she glossed over what appeared to be widespread cheating during her first year as Schools Chancellor in Washington, DC...
Highland result suggests RBS bankers no longer above the law  Ian Fraser   ...Finally, we have evidence that banks and bankers are not above the law in the United Kingdom. It seems the courts have finally woken up to the fact that allowing them to lie, cheat, deceive and defraud without legal impediment may not be a particularly good idea...
IOSHA inspectors say quotas threaten worker safety as feds begin probe  Indianapolis Star   ...Documents indicate Indiana’s workplace safety agency is trying to boost the number of inspections it conducts without hiring new staff — a strategy that some employees say will discourage complex workplace investigations and endanger workers...
My Word: All workers should have state plan's security (opinion)  Orlando Sentinel   ...the trend should be reversed with all workers having a secure plan such as the Florida Retirement System...
Prison company: Workers falsified staffing records  Associated Press   ...A private company that operates Idaho's largest prison acknowledged Thursday that its employees falsified nearly 4,800 hours of staffing records over seven months last year in violation of its contract with the state.

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