Posts Tagged Unions

Jun
7
2013

Subsidizing Union Avoidance at Wal-Mart and Nissan

walmart-strike-300x168Most Americans have been made to believe that they have no stake in private sector labor issues.

Sep
14
2012

Striking Chicago Teachers Highlight TIF

This past week, the Chicago Teachers Union (CTU) strike has been making national headlines.

Feb
25
2011

Public Employees and the Public Interest

[caption id="attachment_1526" align="alignright" width="270" caption="Chicago Tribune, January 29, 1900"][/caption]

Aug
5
2010

Right questions, wrong decisions on subsidies for big firms in NYC

[caption id="attachment_1338" align="alignright" width="300" caption="Deloitte has an office in the city's municipal building on the same floor as the City Comptroller"][/caption]

At the New York City Industrial Development Agency’s public hearing last week, two proposals generated notable controversy: one to bestow millions in tax breaks on Big Four accounting firm Deloitte LLP, and another to revive a subsidy agreement from 1998, still worth millions in unused credits, for information services giant Thomson Reuters. This past Tuesday, the IDA board approved both projects, but not before a handful of board members engaged in a robust dialogue with IDA staffers, especially on the Thomson Reuters proposal.

The Deloitte proposal could have benefited from an even more vigorous discussion. For one thing, it smells like the same old game in which companies pit states and regions against each other in bidding wars for investment. As an IDA staffer explained, the agency “took seriously” a “threat” that Deloitte would leave the city for “other opportunities,” namely New Jersey. (Deloitte LLP plans to use the subsidy to help pay for moving its headquarters from one highly prized Manhattan office location—midtown—to another—Lower Manhattan.) And yet IDA staff also reassured the board that the proposal wasn’t about retention, but about growth. As EDC President Seth Pinsky stated, Deloitte will get no benefits until it increases its employment numbers within NYC.