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Today's Teamster News 11.17.13

Young and Educated in Europe, but Desperate for Jobs  New York Times   ...Five years after the economic crisis struck the Continent, youth unemployment has climbed to staggering levels in many countries: in September, 56 percent in Spain for those 24 and younger, 57 percent in Greece, 40 percent in Italy, 37 percent in Portugal and 28 percent in Ireland. For people 25 to 30, the rates are half to two-thirds as high and rising...
America’s Student Debt Balance Is Growing And Less Of It Is Getting Paid Back  Buzzfeed   ...Now it’s over $1 trillion, bigger than credit card debt...
Security Expert: “Buy American Doesn’t Sell Well Anymore Because It Means Give A Copy To The NSA”  zero hedge   ...We’ve previously noted that mass surveillance is killing American tech companies. And Cisco just blamed its earnings slump on China’s disdain for NSA spying...
Harsher cuts are on their way  MSNBC   ...Unless Congress reverses the cuts, defense discretionary spending will be cut by an estimated $19 billion in 2014 and non-defense spending will be cut $12 billion more...
Chase's Twitter Gambit Devolves into All-Time PR Fiasco  Rolling Stone   ...I almost couldn't believe it when I heard that JP Morgan Chase was going to do a live Twitter Q&A with the public – you know, all those people around the world they've been bending over and robbing for, oh, the last decade or so...
Feds expand hunt for offshore tax evaders  CNBC   ...Federal judges approved special summonses aimed at getting account data and identifying information of American banking clients of Switzerland's Zurcher Kantonalbank and Bermuda-based N.T. Butterfield & Son, prosecutors said Tuesday...
Bankers' lawsuit jeopardizes U.S. tax dodger crackdown: lawyers  Reuters   ...A court challenge by Texas and Florida bankers threatens to undermine a broad U.S. government crackdown on offshore tax avoidance and jeopardize a web of carefully crafted international agreements, tax lawyers said...
Elizabeth Warren: quiet revolutionary who could challenge Hillary Clinton in Democrats' 2016 race  The Guardian   ...Senator's tough stance against Wall Street is attracting voters on the left who are disenchanted with the party establishment...
Volkswagen Isn’t Fighting Unionization—But Leaked Docs Show Right-Wing Groups Are  In These Times   ...Mike Elk reports that while the company promised not to oppose the United Auto Workers attempts to organize their Chattanooga, TN plant, outside groups disagree with that decision. They're pumping hundreds of thousands of dollars into anti-union campaigns...
Boeing, Recipient of the Largest State Tax Subsidy in History, Paid Nothing in State Corporate Income Taxes Over the Past Decade  Citizens for Tax Justice   ...Over the past decade, Boeing has managed to avoid paying even a dime of state income taxes nationwide on $35 billion in pretax U.S. profits...
The Sports Business Can’t Take Any More Money From Its Fans  Buzzfeed   ...The industry’s growth now mostly involves extracting billions from television networks and advertising. Ticket sales and merchandising growth are slowing...
Wisconsin Political Speech Raid  Wall Street Journal   ...In recent weeks, special prosecutor Francis Schmitz has hit dozens of conservative groups with subpoenas demanding documents related to the 2011 and 2012 campaigns to recall Governor Walker and state legislative leaders...
Something stinks in Ohio  Center for Media and Democracy   ...The Buckeye Institute is largely funded by right-wing out-of-state foundations, and does not disclose its donors to the public despite its influence in shaping public policy in Ohio...
Seattle elects Socialist candidate to city council  Associated Press   ...She backed efforts to raise the minimum wage to $15; called for rent control in the city where rental prices keep climbing; and supports a tax on millionaires to help fund a public transit system and other services...

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