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Corporate profits
Quick Hit
by Ashlee Rezin
2:23pm
Thu May 9

Tenants Accuse Residential Community Company Of 'Unfair Rent Increases', Abusive Practices (VIDEO)

Residents of the nation’s largest corporate owner of manufactured home communities, Equity LifeStyle Properties (ELS), say the company is engaging in abusive practices and general disinvestment in its properties.

Wednesday, a group of more than 20 residents from across the country gathered outside ELS’ annual shareholder meeting in Chicago and demanded to be heard by the company’s founder and chairman, Sam Zell.

While a few demonstrators attended the meeting, several protesters rallied outside and urged Zell and other ELS executives to stop “unfair rent increases” that push residents, most of them retirees on fixed incomes, out of their homes and into poverty.

The demonstration was part of an ongoing battle between ELS and residents who want better living and renting conditions.

“My lot rent is more than half of my Social Security,” said Carla Burr, a 59 year-old resident of an ELS property in Chantilly, Virginia.

Burr pays a monthly lot fee of $945 and makes an annual income of $42,000. But, when she turns 65 she stands to lose an employer disability payment that will cut her income almost in half.

“I don’t know if I’ll be able to stay in my house,” she said, noting her lot fee has increased $30 to $40 every year since she moved in, in 2006. “(ELS’) main goal is to win money for their investors at any cost, and they don’t care who they hurt.”

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Quick Hit
by Ellyn Fortino
1:36pm
Thu May 2

New Study Challenges Prominent Business Climate Rankings (UPDATED)

Prominent studies that rank states’ business climates often contradict each other and should not be used to inform public policies, according to a new “Grading Places” report published by the Washington, D.C.-based Good Jobs First.

“There’s no such thing as a state business climate,” said Greg LeRoy, executive director of Good Jobs First, on a conference call with reporters. “One size can’t fit all. Things vary much too much among different kinds of business facilities and among metro areas. There are no silver bullets. There [are] no magic variables.” <--break->

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Quick Hit
by Ellyn Fortino
9:45pm
Wed Apr 24

Tax Fairness Advocates Call For An End To Corporate Tax Deferral

It's time for the public to "tap into their anger" and rally against tax loopholes that allow big U.S. corporations to dodge their fair share of American taxes by stashing profits in offshore havens, said leaders from Citizens for Tax Justice and Americans for Tax Fairness.

Congress is currently entertaining a number of tax reform proposals that seek to lower corporate taxes and provide incentives for sending jobs and profit centers offshore, putting billions of tax dollars at stake over a 10-year period, Frank Clemente, campaign manager of Americans for Tax Fairness, said on a conference call with reporters.

The current debate on tax reform comes at a time when corporate profits are at a 60-year high, yet "some of these companies are paying less in taxes than you and I as individuals pay," Clemente said.

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Quick Hit
by Ellyn Fortino
9:57am
Tue Apr 16

AFL-CIO Launches Updated PayWatch Webpage Tracking U.S. CEO Earnings

The AFL-CIO launched its updated and expanded Executive PayWatch webpage Monday, which tracks CEO pay of some of the largest U.S. companies and highlights the country’s growing wealth inequality.

The site’s new data shows that American business executives continued to do very well for themselves last year, while average workers struggled to make ends meet, said AFL-CIO President Richard Trumka.

“These CEOs really should be ashamed for trying to balance the budget on the backs of American working people, while at the same time demanding corporate tax cuts for overseas profits,” Trumka said on a conference call with reporters. 

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Quick Hit
by Progress Illinois
3:04pm
Fri Sep 28, 2012

Op-Ed: AFSCME Responds To 'Quinn Spin'

The following was written by Anders Lindall, spokesman for AFSCME Council 31, in response to the op-ed posted on Progress Illinois yesterday from Gov. Pat Quinn's office.

Sadly, there they go again. Governor Pat Quinn and his staff routinely twist reality, mislead the public and insult the men and women who do the real work of state government in their communities every day.

Endlessly repeating lies does not make them true. Yet the 1200 words of empty political talking points issued yesterday by a Quinn spokeswoman are riddled with repeated falsehoods and glaring omissions.

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Quick Hit
by Progress Illinois
5:26pm
Tue Aug 7, 2012

Op-Ed: The Caterpillar Strike And The Middle Class

The following is written by Ron Kurowski of the South Suburban MoveOn Council.

It is not unusual for a company if it is in financial distress, faced with outrageous demands or is unable to compete in a tough economy to play hard-ball during contract negotiations with a union. However none of these apply to the strike by Local 851 of the International Association of Machinists at Caterpillar’s hydraulic manufacturing plant in Channahon, IL. That is what makes this work-stoppage so troubling.

Caterpillar is a very profitable company. It reported second-quarter profits of $1.7 billion, up 67 percent from a year earlier; a year in which Caterpillar earned $4.7 billion in profits. Despite its profitability and the fact that Caterpillar workers had their wages frozen during the previous six-year contract, the company is demanding the wage freeze be extended for its 780 union members for six more years, that workers pay a greater share of health care costs and that major changes be made to the seniority provision in the contract.

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