The Building Tradesman Newspaper

Congress dithers with pension reform's 'ticking time bomb'

WASHINGTON - The year-end clock is ticking for the so-called "Do-Nothing Congress," and building trades pension plan stakeholders are among those pressing for federal lawmakers to follow a labor-management plan to help more multi-employer pension plans stay solvent. ..

New crop of lawmakers is the latest threat to prevailing wage repeal

LANSING – There’s a good chance that a lid will be kept on incessant calls from some within the state’s Republican caucus to repeal the Michigan Prevailing Wage Act in the state Legislature’s lame duck session, which will wrap up some time in December . ..

Congress goes home with no GOP action on extending jobless benefits

(Editor’s note: On Aug. 1, Congress began its summer recess. Left undone was any attempt to extend emergency unemployment benefits. House Speaker John Boehner (R-Ohio) has said that extending benefits doesn’t create jobs, but a Congressional Budget Office said with a jobless benefits extension about 200,000 jobs would actually be created by the end of 2014. The reason: extending the benefits would pump $4.7 billion into the pockets of the jobless, and thus the federal economy). ..

Employment numbers continue to be a downer

Michigan, once again, leads the nation in total unemployment (15.2 percent) according to federal Bureau of Labor Statistics numbers released July 17. (No state since West Virginia in 1984 had topped 15 percent unemployment). ..

Right now is the right time to pass reforms to labor law

Labor law reform will pass in 2009. The time is right. ..