Whatever will Barack Hussein Obama have to say about these evil capitalists exploiting the working class?

The New York Times Company has threatened to close The Boston Globe unless labor unions agree to concessions like pay cuts and the cessation of pension contributions, according to a person briefed on the talks.

The company is looking for $20 million in savings from The Globe, which has already gone through several rounds of deep cost-cutting and staff reductions. The company does not report figures by newspaper, but executives have acknowledged that the Globe lost tens of millions of dollars last year.

The threat to close The Globe was first reported by The Globe on Friday evening on its Web site, Boston.com. The site quoted the leaders of two of the unions describing a meeting Thursday at which the company delivered the ultimatum.

Will we see special legislation to punish NYT corporate execs for their actions? Will we see efforts by the federal government out the failing liberal rag that may be shut down? And will the editorial staff of the New York Times condemn the culture of greed in their own corporate boardroom -- or are those simply reserved for WalMart and bond traders?

Posted by: Greg at 03:11 PM | No Comments | Add Comment
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