Union strikes again!

"The number of union employees at Verizon has declined since the last strike, when it was at 87,000. Verizon Wireless, the company's big growth driver, has few union employees" When you read this kind of statement you can't but wonder why would they hire less and less union employees? Might it be because lately Unions take companies and consumers hostage of their so-called demands, also known as corporate bullying?

Never mind fair working conditions, unions get greedier and greedier, to benefit their leaders. Unions were created as positive entities necessary to protect employees from greedy employers, way back when. At some point, the tables turned and now we need to save employees and companies from greedy union leaders.

Read on

Investment in AZ on potential porphyry copper project

The company announced its investment of US$652 million to support the feasibility study for porphyry copper. The company expects these Pre-feasibility studies to be completed by 2012, and production at the new mine would start by 2020. The indicated goal is to reach a copper production of 500,000 tonnes per annum.

This production increase is surely going to translate into more jobs for Arizona workers. It'll be interesting to watch the current work-force conditions vs. the job market in AZ in 2020.

Full company release

Oil prices finally come down!!

NEW YORK—Oil prices shed nearly $4 Wednesday, tumbling below $125 a barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand.
Light, sweet crude for September delivery dropped $3.98 to settle at $124.44 a barrel on the New York Mercantile Exchange, crude's lowest finish since June 4. The August contract expired Tuesday at $127.95.
At the gas pump, prices continued to let up. Regular gasoline dropped more than a penny to an average of $4.0402 a gallon nationwide, according to auto club AAA, the Oil Price Information Service and Wright Express. That is down more than 7 cents from last Thursday's all-time high. Diesel slipped 0.6 cent to $4.802.
Full article

Outrageous!!!! Since when is no job better than a pay cut???

At this time of crisis, it is disheartening to see how unions strive to make things more difficult for their "members". I was simply outraged when I read the following article detailing how "The International Brotherhood of Teamsters is protesting an emergency 15% pay cut granted by a bankruptcy court judge and what it sees as unfair labor practices."

When an employer is facing a financial hardship, wouldn't it make more sense to work together to minimize the number of jobs lost? Isn't it better to take a pay cut than to be unemployed? Well, apparently the Teamsters (or their leaders) don't think so. Read on...