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Today's Teamster News 04.28.13

Lawmakers Weigh How to Curb Mortgage Interest Tax Break Bloomberg News ...While pledging a “careful, thoughtful review,” House Ways and Means Chairman Dave Camp asked witnesses at a hearing yesterday for ideas on how to transition to a new, still- unspecified system...

Loans Borrowed Against Pensions Squeeze Retirees New York Times ...In lean economic times, people with public pensions — military veterans, teachers, firefighters, police officers and others — are being courted particularly aggressively by pension-advance companies, which operate largely outside of state and federal banking regulations, but are now drawing scrutiny from Congress and the Consumer Financial Protection Bureau...
Another mediocre GDP report: is this the new normal? Econbrowser ...Strong growth in consumption spending was offset by declines from the public sector, with lower defense spending subtracting 0.6% from the growth rate by itself, and declines in other categories of federal, state, and local spending subtracting an additional 0.2%...
Senate Finance Committee Holding Hearing On Trans Pacific Partnership WNAX ...The United States Senate Finance Committee is holding a hearing ... looking at the ongoing negotiations over the Trans Pacific Partnership...
Paul Begala: Government to the Rescue in Boston (opinion)  Newsweek   ...don’t denigrate government workers. Along with some heroic civilians, it was government workers who ran toward the blast zone. And they were unionized government workers...
Big clothing brands, retailers reject union safety plan as Bangladesh factory deaths mount Associated Press ...As Bangladesh reels from the deaths of hundreds of garment workers in a building collapse, the refusal of global retailers to pay for strict nationwide factory inspections is bringing renewed scrutiny to an industry that has profited from a country notorious for its hazardous workplaces and subsistence level wages...
The Corrections Corporation of America's Latest Shady Business? Tax Evasion Alternet ...To save millions in money they would have to pay to taxes, the CCA is now claiming to be a "Real Estate Investment Trust."...
Rising Costs Have Sandy Victims Contemplating Walking Away Ocean City Patch ...Elevate, pay thousands more in flood insurance premiums or simply walk away from homes? That is the question on the minds of some Hurricane Sandy victims...
West Virginia Republican Proposes Making Kids Work For Food  Huffington Post   ...A West Virginia lawmaker floated the idea during floor debate in the state's House of Delegates of having school children work as janitors...

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