However, often ignored in this debate is the fact that oil industry profits are highly cyclical, making them just as prone to "busts" as to "booms." Additionally, tax collections on the production and import of gasoline by state and federal governments are already near historic highs. In fact, in recent decades governments have collected far more revenue from gasoline taxes than the largest U.S. oil companies have collectively earned in domestic profits.
Most union households support paycheck protection, say polls
SAN DIEGO - California Governor Arnold Schwarzenegger continued his campaign for paycheck protection and other reforms of California state government with a campaign swing through San Diego yesterday. While visiting the state's second largest city the Governor participated in a Latino television forum, held a fundraiser and visited with volunteers worked toward victory in the November 8 special election.
Meanwhile, total campaign spending against the Governor's reforms topped $110 million this week, as television advertising reached a saturation level throughout the Golden State. The overwhelming majority of the funding against the reforms comes from public sector labor unions according to a highly detailed analysis of opposition spending reviewed by Labor Reform News.
Fuel costs force airlines to strategize
By Richard N. Velotta
InBusiness Las Vegas
SAVANNAH, Ga. -- Consumers need only look at the prices at their local gasoline stations to get a feel for what airlines are experiencing every day. With the price of a barrel of crude oil hovering around the $70 mark, airlines have begun grasping solutions to what has become the most significant problem facing the industry today. The topic was a recurring theme of this week's Aviation Forecast Conference conducted by the Boyd Group, Evergreen, Colo.
By Arnold M. Knightly
LV Business Press
State Sen. Bob Beers proposed Wednesday to cut by half the government service tax paid on motor vehicles. The Republican gubernatorial hopeful made his pitch standing in front of a handful of supporters under the shadow of the Department of Motor Vehicles on West Flamingo Road.
Top Change-to-Win official has close ties to New York garment industry mobsters; Is Number Two in UNITE, Culinary parent's partner
By National Legal and Policy Center
When the stakes are high, the story of real crime somehow always is kept beneath the respectable surface. That seems to be the case, at any rate, for the new labor federation, Change to Win (CTW). The group, which comprises seven unions with a combined roughly 5.5 million members, held its gala inauguration in St. Louis on September 27. Organizing millions of new workers is priority number one, announced CTW President Anna Burger, who also serves as political director for the 1.8 million-member Service Employees International Union. Her boss, SEIU President Andrew Stern, made the same point, as did Teamster President James P. Hoffa. Somehow the issue of corruption never came up.
There's a good reason for that. The federation's newly-minted secretary-treasurer, Edgar Romney, back in the 90s was a suspected bagman for the Lucchese crime family, looking the other way as the New York City garment industry, especially in Lower Manhattan's Chinatown, reverted to sweatshop conditions of a century ago - and under union contract. Although neither he nor other officials of his union, UNITE (the Union of Needletrades, Industrial and Textile Employees), were indicted, their good fortune appears to be the result of federal investigators having other fish to fry.
By Mark Hillman
Rocky Mountain News
When politicians take campaign contributions from Big Tobacco, self-proclaimed watchdog groups cry "unseemly" and "improper." Yet for the past seven years, Big Tobacco has paid state governments billions of dollars to protect their profits.
Until recently, hardly anyone seemed to notice, much less care. On Aug. 2, the nonprofit Competitive Enterprise Institute filed a lawsuit, arguing that the 1998 Master Settlement Agreement between Big Tobacco and 46 state attorneys general violates the U.S. Constitution and establishes a cartel designed to circumvent antitrust law and quash competition.
By Lyle Brennan
Nevada Business Journal
Thirty years ago, the last American troops withdrew from Vietnam. The men and women who served in that war have never been properly thanked for their sacrifices, but a group is now organizing a celebration to publicly honor, thank and recognize America's Vietnam veterans.
Called Operation Welcome Home, it is a four-day celebration centered around the Veterans Day holiday. The national headquarters will be in Las Vegas, and the city has planned activities that include a Veterans Day parade, a nightly Patriots Party on Fremont Street, and an air show at Nellis Air Force Base. The Moving Wall, a half-scale replica of the Vietnam Memorial Wall, will be set up near Fremont Street, and volunteers will be on hand to assist visitors with finding the names of loved ones and friends.
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