Last updateThu, 21 Feb 2019 3pm


With Card Checks on the Ropes, Fight Turns to Binding Arbitration

The willingness of some Democrats to drop the "card check" portion of a union organizing bill has led opponents of the measure to intensify their attack on another major provision: binding arbitration if a new union and management can't agree on a first contract within 120 days.


"We suspected from the beginning that the binding arbitration was packaged with the elimination of the secret ballot in order to create a straw man they could take down later," said Sen. Jim DeMint, R-S.C.


Source: Associated Press


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China's Gains in Manufacturing Stir Friction Across the Pacific

China is on its way to surpassing the U.S. as the world's largest manufacturer far sooner than expected. The question is, does that matter?


In terms of actual size, the answer is, no. But if size is a proxy for relative health of each nation's sector, the answer is yes.


Source: Wall Street Journal


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Odds of a Vote Dim for Card-Check Bill

Chances that Congress will vote on a union-organizing bill this year are dimming as lawmakers make health care and appropriations the top priorities.


Some Democratic senators have been trying for months to find a way around the bill's most contentious provision, the "card check" rule that would let workers to unionize by simply signing up rather than running a secret-ballot vote.


Source: Wall Street Journal


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U.S. Manufacturing Probably Shrank at Slowest Pace in 11 Months

Manufacturing in the U.S. probably shrank in July at the slowest pace in 11 months as the recession eased and factories moved closer to stabilization, economists said ahead of a private report today.


The Institute for Supply Management’s factory gauge increased to 46.5, from 44.8 in June, according to the median forecast in a Bloomberg News survey. Readings less than 50 signal contraction.


Source: Bloomberg


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Chinese Leader Cites Need for 'Industrial Restructuring'

The global financial crisis has been a wake-up call for southern China, adding urgency to official efforts to move beyond the region's traditional reliance on low-end manufacturing, a top Chinese leader said in a rare meeting with members of the foreign media.


Wang Yang, Communist Party secretary of southern China's Guangdong province and a member of the party's Politburo, said Thursday that the financial crisis exposed the fragility and volatility of basing the Chinese economy on what he called "the lowest level on the value chain."


Source: Wall Street Journal


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