“We are Wall Street” – Wall Street Strikes Back
Wall Street recently struck back by dropping leaflets on the Occupy Wall Street movement. Here’s what the leaflets said: “We are Wall Street. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter. We would trade baseball cards if it were profitable. I didn’t More...
Sandhogs Union Official Pleads Guilty to Embezzling Tens of Millions of Dollars
Sandhogs Union official Melissa King pleaded guilty Friday to charges of embezzling tens of millions of dollars from the construction union, according to federal prosecutors. King, from Irvington N.Y., was administrator More...
Verizon Workers Join Occupy Wall Street Protest
Disgruntled Verizon Communications and Verizon Wireless workers and members of the labor union Communication Workers of America will be joining the “Occupy Wall Street” protest Friday in protest of Verizon’s More...
Hedge-Fund Manager Raj Rajaratnam Gets 11 Years in Insider-Trading Case
Hedge-fund manager Raj Rajaratnam, was sentenced to 11 years in prison, one of the longest-ever terms handed down for an insider case. In imposing the sentence, U.S. District Judge Richard Holwell said “His crimes More...
New York Comptroller – Finance Jobs on the Decline
New York State’s Comptroller Thomas DiNapoli predicts that New York City’s securities industry could lose nearly 10,000 jobs by the end of 2012. In a report set to be released Tuesday, Comptroller DiNapoli said More...
New York City to Layoff 700 School Employees
Friday will be the last day of work for 701 New York City school employees, the largest number of city workers to be laid off since Mayor Michael Bloomberg took office, reported WSJ. Aides, parent coordinators and More...
Unions Endorse and Plan to Occupy Wall Street Protests
It’s all fun and games until 20,000 union members show up. In New York, several unions have endorsed the Occupy Wall Street movement and plan to join the protesters’ street theater Wednesday, labor leaders have More...
NYC Sewer Worker Earns $775k – in One Year
A New York City sewer worker reportedly earned $771,841 in 2010. Senior engineer Gerald Mistretta earned more last year than the police commissioner, the schools chancellor and the mayor – combined, as reported More...
Judge finds New York Nonprofit Unlawfully Fired Employees Following Facebook Posts
In the first ruling of its kind, a National Labor Relations Board Administrative Law Judge has found that a Buffalo nonprofit organization unlawfully fired five employees after they posted comments on Facebook about More...
777 New York City School Employees to be Laid Off
The New York City Education Department plans to conduct the largest layoff at a single agency since Mayor Michael R. Bloomberg took office in 2002 by letting go of 777 employees by October. The layoffs, announced More...