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Strike action News & Breaking Stories

GM increases wage offer ahead of UAW strike deadline
  • 14th Sep 2023

GM increases wage offer ahead of UAW strike deadline

General Motors (GM) has increased its contract offer to a 20% wage hike for US autoworkers in a bid to avoid a strike. Ford Motor has also confirmed it offered a 20% hike and other benefits. The United Auto Workers (UAW) is demanding 40% raises and major improvements in benefits. The UAW has outlined plans for a series of strikes targeting individual auto plants if agreements are not reached. The UAW is asking for 40% raises and major improvements in benefits. A full strike would hit earnings at each affected automaker by about $400 million to $500 million per week.

Labor Day: The Significance and Reason We Celebrate
  • 4th Sep 2023

Labor Day: The Significance and Reason We Celebrate

Labor Day, which is often associated with sales and barbecues, actually has its roots in the 19th-century fight for fair working conditions. It was originally designed to honor workers and their contributions to society. The holiday evolved over time and became less associated with unions, and the rule against wearing white after Labor Day has largely disappeared.

Ryan Reynolds: How he earned $450 million from Aviation Gin and Mint Mobile, despite his admission of not being an investing wizard
  • 24th Aug 2023

Ryan Reynolds: How he earned $450 million from Aviation Gin and Mint Mobile, despite his admission of not being an investing wizard

Actor Ryan Reynolds has made over $450 million from brand deals with companies like Aviation Gin and Mint Mobile, despite admitting he's "no wizard" at investing. Reynolds is known for his "valued-added investing" strategy, using his name and face to tell a startup's story and increase its return on investment. This tactic is becoming increasingly popular among venture capitalists and angel investors like Reynolds, as well as retail investors using equity crowdfunding platforms. Despite the risks, Reynolds has had a series of nine-figure exits and continues to invest in startups like Nuvei Corp.

  • 16th Aug 2023

"Sean Tuohy Responds to Michael Oher's Accusation of Family Exploitation on The Blind Side"

Retired NFL player Michael Oher is taking legal action against the Tuohy family, who supposedly adopted him, claiming they "tricked" him into signing a document. Oher alleges that the family profited from royalties generated by the film adaptation of his story, The Blind Side. He is seeking to revoke the conservatorship, prevent the family from using his likeness and name, and receive a fair share of the profits. The Tuohy family denies making considerable money off the production. The story gained media attention and was turned into a successful movie, winning Sandra Bullock an Oscar.

Sean Tuohy Responds to Michael Oher's Accusation of Exploitation by 'The Blind Side' Family
  • 16th Aug 2023

Sean Tuohy Responds to Michael Oher's Accusation of Exploitation by 'The Blind Side' Family

Retired NFL player Michael Oher is taking legal action against the Tuohy family, who supposedly adopted him, claiming they tricked him into signing a document that made them his conservators. Oher alleges that the family profited from royalties generated by the film "The Blind Side." He is seeking to revoke the conservatorship, prevent the family from using his likeness, and receive a fair share of the profits. The Tuohy family denies making considerable money off the film.

Soderbergh's 'Full Circle' Crime Drama Review: Style Overwhelms to Detract
  • 14th Jul 2023

Soderbergh's 'Full Circle' Crime Drama Review: Style Overwhelms to Detract

Director Steven Soderbergh collaborates with writer Ed Solomon for "Full Circle," a six-part social, family, and crime drama that premiered on Max. The series follows the story of a Guyanese racketeer in New York and a kidnapping plot. The show explores themes of race, class, and morality, with a focus on the least powerful characters. While the series has its flaws, it becomes more engaging as it progresses.

  • 11th Jul 2023

"Insights on UPS strike as Teamsters contract negotiations collapse: Five key details to be aware of"

Talks between UPS and the International Brotherhood of Teamsters have fallen apart, increasing the possibility of a strike when the current contract expires at the end of July. The strike could disrupt deliveries and raise shipping costs. The union is pushing for better wages, benefits, and workplace protections, as well as an end to a dual-wage system. UPS made $11.5 billion in net income in 2022. The last time UPS Teamsters went on strike was in 1997.

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