AFL-CIO labor federation's president, John Sweeney, wrote Federal regulators urging them to block Wal-Mart's plans to set up a bank because of what the labor federation called the chain's "long history of unethical, and often illegal, practices." As the NY Sun points out , Mr. Sweeney forgot to mention that similar arrangements already exist in both the business and labor sectors. As usual, the pro-union people going on the war path against Wall Mart, while the company simply tries to bring down its costs, make a profit, and provide affordable products. The NY Sun quoted Wall Mart spokesman, Marty Heires, who said, "The charter of this bank and the focus of this bank are very narrow. What we're seeking to do here is save money on transaction fees for debit, credit, and electronic checking. We can take the money we save by doing that and turn it back to our customers in the form of lower prices." One of Wal-Mart's competitors, Target Stores, start...
Covering news items that relate to immigration, ethnicity, integration, language, culture, and moral values from a center-right perspective.