Tuesday, November 13, 2012
Employees of the retail giant hope to take advantage of one of the year's busiest shopping days.
Employees of Walmart and Sam's Club locations across Maryland are joining a national strike effort this Black Friday to protest what they view as low wages, poor scheduling practices, and worker intimidation on the part of the retail giant. The campaign, organized by Making Change at Walmart and linked with the United Food and Commercial Workers International Union, is planning demonstrations outside dozens of stores nationwide on one of the busiest shopping days of the year. In Maryland, Nov. 23 protests are scheduled for Walmart and Sam's Club locations in Laurel, Hyattsville, Bowie, Gaithersburg, Woodlawn, Severn, Clinton, Abingdon, Alexandria, and Fairfax. (Both chains are owned by parent company Walmart Stores, Inc.) Organizers are …
Tuesday, September 11, 2012
County Administrative Officer Fred Homan asks to fund pension liabilities with $255 million in debt.
Baltimore County officials are asking the County Council to approve the issuance of $255 million in bonds to fund the pension system. County Administrative Officer Fred Homan told the council during a Tuesday lunch briefing that he wants to use the money to invest in the pension system. "There are market risks to a pension bond deal," Homan said, adding that the risk is not achieving the 4.25 to 4.5 percent rate of interest the county believes the bonds will sell for. Currently, the nearly $2 billion pension system is funded at nearly 77 percent. Homan said the move is expected to lower long-term pension system costs over the next 30 years. The request will be part of a two-bill package introduced Monday night with a vote expected in …
Tuesday, July 10, 2012
Expert: "To be in denial, and say you’re ahead of the curve and that you’re in good shape and will stay in good shape is just ignoring reality."
UPDATE (9:10 a.m.)—The board that governs the pension plan for Baltimore County employees is lowering its official expectations on annual investments made by the retirement system. The eight-member board Tuesday unanimously approved a decrease in the assumed annual investment earnings rate by more than six-tenths of a percent to 7.25 percent. The rate is used to determine the county's level of funding for the nearly $2 billion pension system each year. The change means the county will have to come up with an additional $15 million in pension contributions beginning next July 1. The board’s action Tuesday is the first time the rate has been changed since it was set in 1993, according to a report by the Baltimore County Auditor’s office …
Nick
11:01 pm on Monday, November 19, 2012
Let walmart raise the prices of the products and you 'll see they wont need as many employees ... and there will be less people getting more pay ... more ›