ONLINE
JOB AVAILABILITY IMPROVES:
The
Monster Employment Index added seven points in April,
as online job availability in the U.S. continued to
rise moderately for the third consecutive month. Despite
the gradual upward trend during the past three months,
the Index remains down 6 percent year-over-year, but
its growth rate was slightly improved from the year-over-year
reading in March. More...
RICH/POOR
INCOME GAP WIDENING TO CHASM: There
have always been "haves" and "have-nots"
in the United States, but over the past three decades,
the gap between them has gotten a lot wider, statistics
from congressional numbers crunchers show. According
to the non-partisan Congressional Budget Office, income
for the bottom half of American households rose six
percent since 1979 but, through 2005, the income of
the top one percent skyrocketed –
by 228 percent. And, the impact of the growing disparity
on the "have-nots," and even on small businesspeople,
is being felt more and more, correspondent Benno Schmidt
reported in The Early Show's "Early Wake-Up Call"
Saturday on CBS Television. More...
GM
WORKERS GO ON STRIKE: Members
of a United Auto Workers union local went on strike
Monday at General Motors' Fairfax facility –
hitting
the plant that makes GM's popular Chevrolet Malibu sedan.
During talks over the weekend, UAW Local 31 set a Monday
morning strike deadline because union negotiators believed
the two sides remained far from an agreement. The Fairfax
plant employs more than 2,500 UAW members. The Malibu,
a medium-sized sedan, was named "Car of the Year"
at this year's North American International Auto Show
in Detroit. More...
CREDIT
UNIONS NEED RED TAPE RELIEF:
While the nation's credit crunch may have begun on Wall
Street, it's definitely found its way to Main Street.
But for countless small businesses feeling the squeeze,
another Main Street institution could be the answer
to their financing woes – federal credit unions,
columnist Keith Girard writes. The problem with that,
he says, is that such credit unions are still hamstrung
by federal red tape that sharply curbs their ability
to make business loans. Meanwhile, the commercial banking
industry continues to wage an unrelenting lobbying campaign
in Washington to keep credit unions bottled up. More...
THE
FUTURE OF TRANSPORTATION: Join WWJ Newsradio
950 for a business breakfast titled The Future Of Transportation
In Southeast Michigan. The event will take place May
15 at the Anderson Theatre at The Henry Ford in Dearborn.
The two-panel conference will discuss Detroit's future
in moving freight and moving people. For more information,
click
here.
WORLDWIDE
AUTOMOTIVE REPORT PODCAST: In a new promotion,
Chrysler guarantees the price of gasoline. General Motors
has new strike headache. Auto execs are set to meet
with California's governor.
CAW
LOOKS TO GM: The Canadian Auto Workers president
says General Motors Corp. must add new products at its
Ontario plants. The CAW and GM begin talks this week.
Buzz Hargrove said the talks will begin on Thursday,
following successful negotiations that took place with
Ford Canada last week. The CAW will also hold an initial
meeting with Chrysler Tuesday. More...
MICHIGAN
MINORITY PROCUREMENT CONFERENCE: WWJ Newsradio
950 is a sponsor the 27th Annual Michigan Minority Procurement
Conference and Trade Fair, to be held May
12-14 at
Cobo Center in Detroit. The theme for this year's event
is: “The Economic Turning Point Starts with Minority
Business." The conference will provide opportunities
for networking, training, leadership development and
relationship building designed to position minority
businesses for growth and sustainability. For more information
and to register online, click
here.
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