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Today's Teamster News 06.12.12

Americans saw wealth plummet 40 percent from 2007 to 2010, Federal Reserve says   Washington Post   ...Only roughly half of middle­-class Americans remained on the same economic rung during the downturn, the Fed found. Their median net worth — the value of assets such as homes, automobiles and stocks minus any debt — suffered the biggest drops. By contrast, the wealthiest families’ median net worth rose slightly....

Today's Teamster News 05.15.12

Germans getting ahead by getting along  Washington Times   ...Underlying Germany’s vaunted manufacturing machine is a system of close collaboration among business, labor and government that has served the nation well in recent years and stands in marked contrast to the increasingly adversarial system in the U.S. Most factories in Germany are unionized, businesses have labor representatives on their boards, and union demands typically are not sources of tension or hostility with management.,

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