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AFL-CIO Now

Trying to Teach Old Dogs New Tricks

On Wednesday, the Federal Reserve's open market committee concluded its two-day meeting to set U.S. monetary policy. In a vote that divided the Board of Governors, appointed by the president and confirmed by the U.S. Senate in an open public process, and the presidents of the regional bank board presidents, chosen by boards dominated by banks within their region, Janet Yellen, chair of the Federal Reserve Board of Governors and the FOMC, announced the FOMC decided to hold steady to its current fed funds rate. The fed funds rate is an overnight interest charge made between banks loaning reserves to each other. If it is higher, the cost of making loans goes up, and that reduces liquidity for the business and consumer sectors. Lower liquidity means less borrowing for business investment or consumer purchases like homes and cars. In turn, that means slower demand, and translates into slower growth for jobs.

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Union Women Step Up to the Plate to Elect Worker-Friendly Candidates

AFL-CIO Secretary-Treasurer Liz Shuler

On Sept. 13, more than 40,000 union women from across the country joined a telephone town hall to discuss what’s at stake this election cycle for working women and their families. The event was hosted by AFL-CIO Secretary-Treasurer Liz Shuler, the highest-ranking woman in the labor movement, and featured AFT President Randi Weingarten; Maria Elena Durazo, UNITE HERE general vice president for immigration, civil rights and diversity; and Linda Hinton, Communications Workers of America (CWA) District 4 vice president. These leaders rallied their sisters to join the fight to elect worker-friendly candidates up and down the ballot who reflect the economic priorities of working women and families.

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Unite Here Local 11 Calls for OECD Investigation into Long Beach Westin Hotel--Complaint Filed against French Firm Natixis

Unite Here Local 11 Calls for OECD Investigation into Long Beach Westin Hotel--Complaint Filed against French Firm Natixis

In May, a Westin Long Beach Hotel maid, Juana Melara, and waiter, Francisco Abdul Estin, traveled to Paris. However, this was not a typical European vacation for these two working people. They were there to discuss their working conditions and their right to join a union free of interference with Natixis, the French parent of a company that oversees their hotel.

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