Thursday, July 5, 2012

Big Labor, Big Money (NON PROFIT labor unions buying hotels, golf courses)


http://www.qvc.com/cgen/render.aspx?qp=promo%7CcommunityMeta&rewrite=no&cookie=set 

Check in to the luxury $187 million Westin Diplomat Hotel on the beach outside Fort Lauderdale, Fla., and you’ll be impressed by sumptuous, art deco features, hotel suites overlooking the ocean, flowing fountains, waterfalls in its infinity swimming pool, the plush green golf course and the top-notch restaurants.

It’s a place even Donald Trump might envy.

You might also be impressed that this opulent hotel is owned by a labor union, and is frequently used for union junkets, government documents show. As is the $15.4 million Hillcrest Golf Club in Saint Paul, Minn. As is the $33 million lakeside resort and golf club in Onaway, Mich., owned by the United Auto Workers Union, a resort now hemorrhaging millions of dollars at a time of auto bailouts and auto job losses.

Labor officials routinely blast U.S. companies for not paying their “fair share” in taxes, and criticize fat-cat pay for executives, especially bankers in a time of bailouts.

“Corporations already pay too low an effective tax rate,“ AFL-CIO president Richard Trumka has said, decrying “astronomical CEO pay.” James Hoffa, Teamsters president, also has chimed in: “We`re the ones that are fighting the big corporations“ so as “to make sure [they] give their fair share back to the American worker.”

(Excerpt) Read more at qvc.com ...

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