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 7:10 PM

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 7:34 PM
Videos mous Friday, Dec. 12, 2008 at 7:41 PM
Videos corrected mous Friday, Dec. 12, 2008 at 7:42 PM

Local News

Change Links September 2018 posted S02 10:22PM

More Scandals Rock Southern California Nuke Plant San Onofre A30 11:09PM

Site Outage Friday A30 3:49PM

Change Links August 2018 A14 1:56AM

Setback for Developer of SC Farm Land A12 11:09PM

More problems at Shutdown San Onofre Nuke J29 10:40PM

Change Links 2018 July posted J09 8:27PM

More Pix: "Families Belong Together," Pasadena J02 7:16PM

"Families Belong Together" March, Pasadena J02 7:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 11:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J11 6:58AM

Watch the Debate: Excluded Candidates for Governor of California M31 5:20AM

Change Links June 2018 posted M28 7:41AM

The Montrose Peace Vigil at 12 Years M22 8:01PM

Unity Archive Project M21 9:42AM

Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi M17 10:22PM

CA Senate Bill 1303 would require an independent coroner rather than being part of police M10 9:08PM

Three years after OC snitch scandal, no charges filed against sheriffs deputies M10 8:57PM

California police agencies violate Brown Act (open meetings) M02 8:31PM

Insane Company Wants To Send Nuke Plant Waste To New Mexico A29 11:47PM

Change Links May 2018 A27 8:40AM

Worker-Owned Car Wash on Vermont Closed A27 5:37AM

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A13 12:39AM

lausd whistle blower A11 6:58AM

Website Upgrade A10 10:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 8:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 6:58PM

Change Links April 2018 A01 6:27PM

More Local News...

Other/Breaking News

Jeff Bezos, Amazon, The Washington Post, Whole Foods, Etc S21 2:50AM

Why Choose Nut Milk Over Cows' Milk S21 1:01AM

Antrhopocène, le grand effondrement S19 9:53AM

Creative Destruction Hack Diamonds Windows/iOS/Android - Creative Destruction Generator S19 12:51AM

Abolir l'économie S18 11:18AM

The Dictatorship of Corporations S17 5:26PM

18 Lethal Consequences Of Hunting S17 3:13PM

Paraphysique de l'outplacement déontologue S15 6:51AM

Creative Destruction Hack Mod Generator S15 3:49AM

Shopping du bashing S14 8:42AM

After Lehman Brothers, Experts Say Global Financial Crisis Can Happen Again S13 8:28PM

“Animaniacs in Concert!” Starring Voice Legend Rob Paulsen S12 9:30PM

Probabilités de fin d'humanité S12 6:49AM

Florida Area of Migrant Farmworkers Denied Right to Construct Health Clinic near NaplesCIW S11 2:57AM

Propagande de virus, virus de propagande S10 7:34AM

Steer clear of work morality! S09 12:10PM

Sweatshop Lodge Ceremony Continues in US Fed Prisons Led by Inmates S08 6:17PM

Paraphysique de l'origami S08 7:11AM

The Shortwave Report 09/07/18 Listen Globally! S06 11:23PM

August 2018 Honduras Coup update S06 12:28PM

Du réussissement putréfié S06 10:55AM

Brett Kavanaugh Filled The 5th Circuit With Execution Judges S06 6:14AM

Log S06 4:25AM

Augusta Georgia Woman Gets 5 Year Prison Sentence for Writing About Russians Crime Acts S05 8:29AM

Paraphysique de contextualité S05 8:29AM

Crisis Regulation in Global Capitalism S03 3:39PM

Ex-voto de réification S03 10:24AM

Please Oppose Warmonger, Execution and Torture Supporting Bush Operative Brett Kavanaugh A31 10:45PM

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