SEIU
Posted at 8:29am on Jun. 5, 2008 Don't tell the lefty groups but private equity funds Dems
By Soren Dayton
Yesterday, the New York Times' Michael J. de la Merced and the Politico's Lisa Lerer covered SEIU and MoveOn going after private equity firm KKR. We have written about this before. This time the reporters try to add in John McCain to the mix by arguing that Henry Kravis (the 2nd K in KKR) is raising money for McCain. So far a total of $29k.
| Candidate | Amount |
| Dodd | $20,700 |
| Obama | $9,540 |
| Clinton | $4,750 |
But somehow the reporters swallowed the story and didn't notice what kind of money is flowing to Obama, Democratic candidates, and Democratic Party from KKR. The Presidential numbers are in the table to my right. This is reminiscent of Newsweek's recent intellectual blunder when they failed to report that the CEO of a bank was bundling for Obama. Just lazy I guess.
If only it stopped there. Read on.
Posted in 2008 | Lisa Lerer | Media Bias | Michael J. de la Merced | MoveOn.org | private equity | SEIU — Comments (3) / Email this page » / Read More »
Posted at 2:55pm on Jun. 4, 2008 The SEIU Takes On… the Private Equity Industry?
What... the... *#%^&#@^! ???
By blackhedd
A friend sends along this tidbit. The august New York Times is once again presenting a labor-union press release as a news story.
The Times piece is bylined Michael J. de la Merced, whom I don’t know but from his archive seems like a fairly conventional MSM business reporter.
It appears that the Service Employees International Union is going on the warpath against the global private equity industry.
But I have to admit I’m flummoxed by what this story is trying to say. As I said, the core of it is a press-release-disguised-as-news, about a set of coordinated global protests to take place in 100 cities in 25 countries next month. No, I’m not kidding, they really mean this!
Of course, the SEIU can’t organize [sic] such an undertaking on its own, so they’re partnering with two outfits with a lot of experience in the coordinated-protest business: Amnesty International and MoveOn.org.
Keep reading…
Posted in Amnesty International | Carlyle Group | Economy | KKR | MoveOn.org | private equity | SEIU — Comments (3)/ Email this page » / Read More »
Posted at 3:58pm on Apr. 22, 2008 SEIU, private equity, and growing unions
What happens when you give up morality for
By Soren Dayton
Several years ago, there was a big split-up in the union movement. The "Change to Win" coalition, led by SEIU's Andy Stern decided that growing their unions was more important than an explicit political agenda.
The Wall Street Journal wrote yesterday, "Ever since the SEIU broke from the AFL-CIO three years ago, its ability to prosper has depended on growing the union." They care about growth so much that they are willing to throw their own retires under the bus:
Like the nurses, Calpers and Calstrs have had the sense and wherewithal to push back against the SEIU's bullying. As they see it, Andy Stern's war on private equity would kill the goose that lays golden eggs for their retirees. His bill would have prevented them from maximizing their returns, which happens to be their fiduciary duty. It's also what's best for working families.
What does this mean for the country?
Posted in Economy | private equity | SEIU | unions — Comments (0)/ Email this page » / Read More »
