Tag Archives: Pensions

BlackRock – The super cartel

Canadian government hands over key advisory and decision-making power to super cartel | PETER EWART

The unfolding worldwide pandemic is bringing with it a profound financial crisis. How the crisis will be dealt with is a question on the minds of working people around the world. In Canada, working people face the additional complication that as yet, they do not set the direction of the economy, which is controlled by a financial oligarchy and governments in their service.

A financial crisis is itself nothing new; crises are inherent to the capitalist system espoused by the financial oligarchy. To prop itself up, as the financial oligarchy lurches from crisis to crisis, its instruments and forms of organization mutate and change, like creatures from the Black Lagoon.[1] For example, out of the crises and corruption of the late 19th century came the merging of banking and industrial capital and the giant trusts and monopolies of the Robber Barons. And out of a cabal of leading U.S bankers on Jekyll Island in 1910 rose the Federal Reserve. In the 1990s, came the financial de-regulation of the banking sector and the welding back together, Frankenstein-style, of investment and commercial banking which contributed in a negative way to the sub-prime mortgage crisis and the Great Recession of 2008. And most recently, there is the “warm and fuzzy” statement from the U.S. Business Roundtable that the big corporations are responsible to all stakeholders, rather than the previous Milton Friedman configuration of only being accountable to shareholders. Continue reading

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Changing of the guard: Canada’s new government takes office

At 10:30 am on November 4, surrounded by a lot of hoopla, Justin Trudeau was sworn in as Canada’s 23rd prime minister. Prior to that, Stephen Harper tendered his formal resignation to the Governor General in a private meeting.

The cabinet is comprised of 31 members including Prime Minister Justin Trudeau who is also Minister for Youth and Minister of Intergovernmental Affairs. It is comprised of 15 women and 16 men. The average age is 52, with ages ranging from 30 to 69. Continue reading

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Stelco and the need for a new direction

CCAA – Wild West show of the monopolies where might makes right

Yes, to a pro-social alternative for Stelco!
Keep Stelco producing!
Let’s make it happen!

Bewilderment is a word that comes to mind when thinking of the damage U.S. Steel has caused the Canadian economy and people without any significant pushback from the federal and Ontario governments. Continue reading

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Pension security for all is an election issue

Pension security is a demand Canadians put forward at nearly every door MLPC candidates visit in this election. They are often asked how the MLPC would sort out this issue.
The MLPC explains that the government through enabling legislation should defend the pensions Canadians have and introduce pensions for all. State organized and guaranteed pensions are a universal right of the modern era. Everyone is born to society and works for the economy as a whole, not an extended family. In return for their work, Canadians rely on the economy as a whole to guarantee their right to a Canadian standard of living from birth to passing away. Continue reading

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Event. Demonstration in support of US Steel pensioners and employees

Ontario government must defend public right! No to U.S. Steel’s bankruptcy fraud!

Labour Day march in Hamilton, 2014

Labour Day march in Hamilton, 2014

Demonstrate outside Comeback Hearing and DIP Request

October 6, 2014, 10 a.m. • 330 University Avenue (Ontario Superior Court of Justice (Commercial List), Toronto

Join Steelworkers in a protest outside the Court hearing in Toronto. The hearing will, among other things, determine whether debter-in-possession (“DIP”) financing in the amount of $185 million, advanced to fund operations during the CCAA proceedings, will be approved, together with a “charge” on the assets of USSC to secure the DIP financing and certain other priority charges (together, the “Priority Charges”). The proposed Priority Charges would rank in priority to all security interests, trusts, liens, charges and encumbrances, claims of secured creditors, statutory or ottherwise, including any deemed trust created under the Pension Benefits Act.

To get a seat on the Local 1005 bus from Hamilton, call 905-547-1417 or sign-up
at the Union Hall at 350 Kenilworth Avenue North. Visit Local 1005 USW online @ http://www.uswa1005.ca.

Hamilton Steelworkers Area Council

For full information, see also on this website:

U.S. Steel files for bankruptcy protection – Steelworkers respond

https://tonyseed.wordpress.com/2014/09/23/u-s-steel-files-for-bankruptcy-protection-steelworkers-respond/

Steelworkers

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U.S. Steel files for bankruptcy protection – Steelworkers respond

Labour Day march in Hamilton, 2014

Labour Day march in Hamilton, 2014

Harper Conservatives Enable U.S. Steel’s Latest Blow to Canada

– United Steelworkers –

Fraudulent Bankruptcy Without an Owner

– Rolf Gerstenberger, President, Local 1005 USW –

Local 1005 USW Press Conference

Transcript of Presentation by President Rolf Gerstenberger

August 13 Letter from Local 1005 to U.S. Steel 

August 14 Response from Local 1005 to U.S. Steel’s Self-Serving Restructuring Proposals

An Appeal to the Court of Public Opinion

– Local 1005 USW –

Local 1005 condemns in no uncertain terms this phony CCAA bankruptcy filed by U.S. Steel on September 16. It creates a very serious situation for active and retired Canadian steelworkers and their union, the United Steelworkers (USW), as well as the locals directly involved, Local 1005 USW at Hamilton Works and Local 8287 USW at Lake Erie Works. This phony CCAA filing also directly affects present and former salaried employees of the company, the citizens of Hamilton and their Municipal Council, and the Province of Ontario. Continue reading

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New Brunswick government attacking public sector pensions

Defend the pensions we have! Fight for pensions for all!

Mass demonstration by more than 2,000 public sector workers and retirees in defence of their pensions, Fredericton, November 6, 2013.

TML Daily (Feb. 6) – ON JANUARY 1, Bill 11, An Act Respecting Pensions under the Public Service Superannuation Act, came into force in New Brunswick. The Act was passed under closure by the provincial Legislature last December. It repeals the Public Service Superannuation Act (PSSA) and converts the defined-benefit pension plan under the PSSA into a shared-risk plan for public sector employees and public sector retirees. This plan covers roughly 19,000 public sector employees and 13,000 retirees. Since that time, the Alward Conservative government announced that it would convert other public sector pensions to the so-called shared-risk plan. The passing of the bill was accompanied by a strident propaganda campaign according to which the defined-benefit pension plans were unsustainable, the PSSA plan had a $1 billion deficit and the government coffers, i.e., taxpayers’ money, were being plundered to pay for the pensions of the public sector workers, etc. Continue reading

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How the Canadian government is betraying veterans

An informative backgrounder from the Public Service Alliance of Canada, October 2, 2013 

THE federal government is betraying Canada’s veterans. After putting their lives on the line on behalf of all Canadians, many veterans – especially those living with serious injuries, disabilities and mental health challenges like Post-Traumatic Stress Disorder – rely on Veterans Affairs for support. The Canadian government promised to take care of them from the day they enlisted until the day they die. But drastic cuts to Veterans Affairs staff and services in the 2012 budget mean that veterans are not getting the care they need and deserve. Continue reading

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Roll-backs and concessions demanded by Canada Post are unsustainable

Postal workers fighting for their rights. Veteran postal worker LOUIS LANG, former president of the Ottawa Local, on the tentative agreement between Canadian Union of Postal Workers (CUPW) and Canada Post.

AFTER Canada Post Corporation made a global offer in July 2012 and a Federal Court judge decided to exclude the government-appointed arbitrator in August, the corporation and the Canadian Union of Postal Workers (CUPW) entered into discussions. No report was ever submitted to the workers about the contents of those discussions which went on for several weeks.

The end result is the tentative agreement which is now being voted on by CUPW locals across the country. Continue reading

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The security of postal workers lies in their ability to fight for their rights

Mass picket of postal workers in New Glasgow, NS, June 11, 2010

Reject Canada Post blackmail to extort concessions!

LOUIS LANG on the tentative agreement between Canadian Union of Postal Workers and Canada Post

AFTER several weeks of secret negotiations a tentative agreement was reached between Canada Post and the Canadian Union of Postal Workers (CUPW). The union entered into discussion with the corporation under the threats of Final Offer Selection and other severe restrictions contained in the back-to-work legislation imposed by the Harper government. To make matters worse, the corporation put forward a new global offer with demands for additional concessions and roll-backs in July 2012. Continue reading

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Recommendations to Vote No – CUPW locals and regions

The tentative agreement between Canadian Union of Postal Workers (CUPW) and Canada Post – Hamilton Local 548, Atlantic Region, Winnipeg, Vancouver

Demonstration in Halifax supporting locked-out postal workers on June 18th.A large PSAC banner says it all: “Attacks on the public sector – NO!; Public Service – YES!; All for One and One for All; Canadians Stand As One!”

 

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Favourites

After a seven-month absence due to the necessity to deal with various issues, I am resuming this weblog with both current as well as postdated materials. Readers may also be interested in WordPress’s ranking of the articles of greatest interest (below). There are presently 362 articles posted, of which 101 are from 2011, along with 345 images. There have been 6,448 views since the launching of the site in April 2011. Most visitors came from Canada. The United States and the United Kingdom were not far behind.

The busiest day of the year was June 23rd with 99 views. The most popular post that day was Lock out at post office: All out to defend the rights of postal workers!. The most commented on post in 2011 was Tony Seed again stands as anti-war candidate in Halifax.

Most viewed posts for all days ending 2012-02-02 (Summarized)

1 Lock out at post office: All out to defend the rights of postal workers! June 2011

2 The politics of assassination – Flanagan & Harper style April 2011

3 Shipbuilding yes, but not the militarization of shipbuilding May 2011

4 War criminals are not welcome in Halifax November 2011

5 Tony Seed again stands as anti-war candidate in Halifax April 2011

6 Stop the warmongers! Reject the Halifax Chronicle Herald’s call for the invasion of Africa!

7 Reality check: The Windsor family wealth

8 U.S. bridgehead: Are the Canary Islands becoming the Miami of Africa?

9 The Michelin File: Drive to empire

10 Pensions: N.S. Government Retired Employees Association

11 Harper, military monopolies sell arms & Innu land in Paris; Newfoundlanders organize Mayday rally against cratering search and rescue sub-centre

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