• Today in Labor History
    July 8, 1966
    From July 8 to August 19, 1966, over 35,000 airline workers across the nation employed by five airlines went on strike. After several years of stilted wage gains as the airline industry invested heavily in jet technology, aircraft mechanics and other ground service workers represented by the International Association of Machinists (IAM) were anxious to share in the substantial profits of 1965. Facing a bargaining impasse between the IAM and the five carriers (United, Northwest, National, Trans World and Eastern) covered in the industry’s first multi-carrier labor contract, a Presidential Emergency Board presented a “compromise” package. In the summer of 1966, IAM members rejected this compromise and walked off the job in the largest strike in airline history. For 43 days during the peak summer travel season, 60 percent of the U.S. commercial airline industry was literally inoperative as 35,000 workers stayed out on strike.
    ~ Voices of Labor

  • JUNE 2019
    Updated On: Jul 22, 2019

    Ten years after Tribune Co. ‘deal from hell,’ Sam Zell and other former execs agree to pay $200M to settle leveraged buyout
    June 18, 2019  |  More than a decade after Tribune Co. went private in a leveraged buyout that saddled the company with $13 billion in debt and led to its bankruptcy, Sam Zell and dozens of former executives have agreed to pay $200 million to settle a lawsuit brought by unsecured creditors. The settlement agreement, awaiting approval in a Delaware federal bankruptcy court, would close the book for the corporate directors and officers behind what Zell himself called the “deal from hell,” an ill-fated transaction that the plaintiffs alleged doomed the company to insolvency from the outset. But thousands of ordinary shareholders may still be forced to give back some of the proceeds from the 2007 buyout — if the litigation trust representing the unsecured creditors prevails in still-unsettled actions… Chicago Tribune

    Do you have your REAL ID license yet?
    June 26, 2019  | If you recently received a letter in the mail from MVA about your driver's license, do not ignore it! For many of you, a valid license allows you to earn a good living so don't put it at risk. The deadline for being REAL ID compliant is fast approaching. If you are not REAL ID compliant by Oct. 1, 2020, a police officer will confiscate the revoked license if you are stopped for a traffic violation and you’ll have to go through the trouble to go to an MVA office with the proper documentation to get it back. Here's what you need to know... 888 News


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