Labor's Last Stand?

Hemingway, Mark
January 2011
Hit & Run;1/16/2011, p26
Blog Entry
The article deals with the impact of a new accounting rule on private-sector labor unions in the U.S. According to the author, the rule would expose the higher cost of union pension plans compared with what they appeared which would then jeopardize the financial health of unionized companies. A bailout worth 160 billion U.S. dollars is being considered a solution by some Democrats. Liabilities from multiemployer pensions plans are required to be reported more accurately under the new rule.


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