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Today's Teamster News 02.15.13

U.S. Grant Funded Workers' Play at LG Chem Factory  Wall Street Journal   ...The Obama administration's electric car efforts took another hit on Wednesday after a federal inspection found a South Korean advanced battery maker never scaled up U.S. production despite receiving $142 million in federal grants...

Here's the Teamster Take on Financial Reform

The Teamsters have supported regulation of private equity firms and derivatives, as well as stronger protection for investors and consumers and limits on executive compensation.

“This is a landmark bill that will help redirect bank capital toward creating jobs instead of destroying them,” Hoffa said. “It makes progress toward bringing back Glass-Steagall, which forbids traditional commercial banks from taking risks with other people’s money.

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