News -- No Sweat -- Union-Made Casual Apparel

While we are on the subject of evil...

HISTORICAL EVIL:
"The Triangle Fire," by Leon Stein with a new introduction by William Greider. (Cornell University Press, 2001.)

EVIL IN THE RAG TRADE:
"NO SWEAT: Fashion, Free Trade, and the Rights of Garment Workers," edited by Andrew Ross. (Verso Press 1997.)

BORDERLINE EVIL:
"Border Witness," by Maureen Casey and Brian Casey. (The New York State Labor-Religion Coalition, 2002).

COSMIC EVIL:
"Evil in Modern Thought: An Alternative History of Philosophy," by Susan Neiman. (Princeton U. Press, 2002.)

LabourStart Headlines:

> NO SWEAT NEWS > NEWS ARCHIVE

New U.S. regulation on shareholder rights a "long-overdue victory for millions
of working families"

The US Securities and Exchange Commission voted yesterday (Jan. 24) to adopt rule amendments that would require mutual funds and other registered management investment companies to disclose their proxy voting policies and procedures and their actual proxy votes cast.

The SEC proposal has essentially four parts, wherein funds will be required to disclose the policies and procedures used to determine how they vote rights attached to securities in their portfolios.

The American Federation of Labor-Congress of Industrial Organizations
[AFL-CIO] which manages over $400 billion of pension money for its members, has pushed for this ruling for two years. AFL-CIO Secretary-Treasurer Richard Trumka called Thursday's vote a "long-overdue victory for millions of working families who invest their retirement savings in mutual funds yet are kept in the dark as to how mutual funds use their money to influence corporate elections."