imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Bank of America Forces Workers to Suffer

by mous Wednesday, Dec. 10, 2008 at 11:10 AM

Bank of America, founded in California, has pressured Republic Windows to withhold paychecks from workers, AFTER gettinga 45 bil bailout from our taxes.

FROM THE UE WEBSITE:

UE Local 1110 members in Chicago, employees at Republic Windows and Doors have occupied their workplace since Friday night in a courageous bid to win what they are owed and to save their jobs.

Only a couple days earlier, they had learned the plant would be closing Friday as Bank of America, flush with U.S. government bailout cash, had refused to extend Republic's line of credit. They found out the bank had also refused to allow Republic to pay them what they were owed.

They realized their only real chance at winning a measure of fairness would be to guard, and guarantee the safety, of the only asset at their disposal — their workplace.

A World of Support

Since then, worldwide support has poured in as the news of a plant sitdown — rarely seen in the U.S. since the 1930s — spread like wildfire. By early Monday morning, a Google news search found nearly 1,500 story references. One Facebook group grew from 800 to 2,400 members between noon and midnight Sunday.

Working people, caught in the turmoil of the current economic crisis have found new hope in the actions of these UE members. And, that's not gone unnoticed.

Politicians, including president-elect Barack Obama, members of Congress, members of the Illinois legislature, Chicago city officials and civil rights leaders including the Rev. Jesse Jackson have all voiced their support for this fight. We hope you will, too.

[ed. you can donate to them at the site]

http://www.ueunion.org/ue_republic.html

-------------------------------------

CHICAGO INDYMEDIA COVERATE

http://chicago.indymedia.org/

by DR, CG, CIMC

Chicago Workers Occupy FactoryThe worker occupation of the Republic Windows and Doors factory on Chicago's Goose Island by members of UE (United Electrical, Radio and Machine Workers of America) Local 1110 went into its third day on Sunday, and workers have vowed to continue the occupation until they are paid back pay and benefits, or until the plant is re-opened.

The occupation was declared on Friday, the day the company moved to shutter the plant with only three days notice — in violation of federal and state labor laws. Owners have also cut off employees' insurance and failed to pay back pay. The takeover has sparked a groundswell of support across the nation, with rallies, e-mail campaigns, petition drives, fundraisers and plans for future actions. [ Updated news links ]

Company management blames the shut-down on Bank of America, which cut their credit line — after BoA received billion in federal bailout money that the bank said they did not need. Since the bailout began, BoA — like big banks across the globe — has slashed credit lines to businesses, forcing a growing number of small and medium-sized companies to shut down. Workers plan to meet with company and bank representatives on Monday — and to picket BoA's LaSalle St. offices on Tuesday if Republic's line of credit is not restored.

The action at Republic Windows comes on the heels of a drive to kick out the company union, which had colluded with company owners and management for years. That effort succeeded after three years of struggle. Republic Windows' worker occupation is one of the first actions of its kind in the United States since the Great Depression, when a wave of sit-in strikes and factory occupations marked one of the most militant phases in U.S. labor history.

----------------------------------

COMMENTARY

This is the greatest upswell of support for workers since the 2003 grocery workers' strike.

It highlights the sick dynamic that is not only sinking the economy, but rescuing the portfolios of the wealthy, by stealing it from the poor, working class, and middle class people who helped get them rich in the first place.

Wall Streeters invented the derivatives, and then pegged them on to the fast-rising house prices of the 90s and 00s. Then, as stock markets, commodity markets and other markets collapsed as their speculative bubbles popped, more capital was funneled into derivatives tied to the housing market. When the housing bubble popped, the house of cards fell down.

Their portfolios lost not only the mortgage profits, but the trillions of dollars of derivatives that depended on the value of houses rising forever.

Ben Bernanke, a student of the Great Depression, believed that the Depression was due to banks not lending money out to businesses -- a liquidity crisis. He and Hank Paulson had an idea -- if the government could help the banks out, they would prevent a liquidity crisis, and keep us from falling into a depression.

The banks have failed in their responsibility.

They are hoarding the money, waiting for our situation to degrade to the point where they can feel comfortable using OUR money to buy OUR foreclosed houses and "invest" in ways to get US out of unemployment.

Most of these workers will be out of a job, because the demand for windows is gone. But, the banks should NOT BE ALLOWED to withhold their pay. These workers are OWED. And the banks should not be allowed to pick and choose which businesses they lend money to when it involves wages. Pay the wages, even if the company can't pay the bank back. I'd bet even money that the Bank of America have an idea of what competing window factory might buy up the remnants of this window company.

Maybe while we're at it, we can take that bailout money back.

Report this post as:

LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 3 posted about this article.
These comments are anonymously submitted by the website visitors.
TITLE AUTHOR DATE
The Take mous Wednesday, Dec. 10, 2008 at 11:34 AM
Videos mous Friday, Dec. 12, 2008 at 11:41 AM
Videos corrected mous Friday, Dec. 12, 2008 at 11:42 AM

Local News

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A12 5:39PM

lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

What does the Quran Say About Islamic Dress?? A21 4:15PM

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes A09 5:32AM

Prohibiting Micro-Second Betting on the Exchanges A09 4:18AM

Prosecutors treat Muslims harsher than non-Muslims for the same crimes A08 10:33PM

Amy Goodman interview on cell phone safety A08 10:29PM

Mesa, Arizona police officer kills unarmed white man A08 9:50PM

Israeli leaders should be prosecuted for war crimes A08 9:48PM

Paraphysique de l'autorité A08 12:11AM

Two Podcasts on fbi corruption A06 10:13PM

Fbi assassins assault & try to kill DAVID ATKINS A06 7:29PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy