That company is the saudio oil giant saudi aramco, and its feeling the effects of lower oil prices, lower than expected demand from china, and thinner Profit Margins for refining oil. Between april and june, the company made a Profit Ofjust over 30 billion, lot of money by anyone s metric, but significantly down from more than the 48 billion it made in the same period a year ago. The main reason is, as you can see here, that oil prices during the period were at the lowest point in the last year, as the boost they got from russias invasion of ukraine wore off. And last week, in an effort to keep them that way, saudi arabia said it would only produce nine Million Barrels a day. That extended Production Cuts by the 0pec group of big oil producers, who profit more from a higher price. When it comes to saudi aramco, those higher prices mean higher Dividend Payments for shareholders, and its boosted those to nearly 30 billion in the current period. So i put it to our middle east Business Cor
said we face a nine months of union bullying and deliberately destructive practices. so something avoiding going on there because i can read you what the union said in response. they said they sacrificed billions of dollars in wage benefits and retirement and they pinned their corporate incompetence on working people. clearly there are blame perhaps to go all around in this but it is a sad day and at the end of an hundred year company which is now trying to wind down its operations and it says it will repay the $700 million loan it received as part of pandemic relief which was meant to keep it afloat. pandemic relief which was meant to keep it afloat- keep it afloat. 30,000 people are now without keep it afloat. 30,000 people are now without a keep it afloat. 30,000 people are now without a job keep it afloat. 30,000 people are now without a job and keep it afloat. 30,000 people are now without a job and for- keep it afloat. 30,000 people are now without a job and for many i k
Recently, Amazon won a closely watched National Labor Relations Board (NLRB) election against the Retail Wholesale and Department Store Union (RWDSU) at a warehouse in Bessemer, Alabama. But it did so only after spending millions of dollars on harassing and intimidating its workers for two months before the vote. Now, the company is using the same strategy to bust a new independent union drive at its Staten Island facility in New York.
Unions and worker rights advocates are pushing for legislation that would protect against these types of actions. The Protecting the Right to Organize (PRO) Act, which has passed the House and is currently pending before the Senate, would limit the ability of corporate bullies like Amazon to interfere with workers’ choice to form a union.
forth over boeing and whether it can hire the workers it already has. you have made that centerpiece in your speeches lately about making sure that south carolina maintains that right to work attraction and appeal. how important is it that you hear the same message out of those candidates? what we need to hear is what they would have done with the decision if they were president this is the most unamerican decision. you have a company that is great and american as boeing who has created 1,000 jobs in south carolina. expanded 2,000 be jobs in washington state. and they are trying to sue. it is wrong the president needs to speak up. he has been unbelievably silent. either he needs to say he s for this union bullying north he cannot be silent and still go before a joint assembly of congress tomorrow and say he neil: what if it was
are you prepared to do that? i think we need to see what happens here. ultimately the president said at the state of the union address, we willle have a freeze in discretionary spending like that was a big deal. now, we have him to the point of saying at least $33 billion. think we can do more? we need to get negotiating tempo. the democrats have been nothing but sitting on their hands and calling republicans extremists. is that kind of rhetoric going to work. when we put the 2012 budget we have to get back to work and decrease the government. thanks for joining with us. we appreciate it. meet the wisconsin store owner refusing to give in to what she calls union bullying as state workers threaten her business.