This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Pot, Gay Marriage, Suicide Are Ballot-item Topics

Stocks in this article: DD MON

California labor unions are the target of another measure, aimed at depriving them of tens of millions of dollars they use to finance campaigns and political organizing.

Proposition 32 would prohibit corporations and unions from collecting money for state political activities from employees or members through paycheck deductions. It would hit unions hardest: Corporations don't typically deduct money from employee pay for state political activities, but unions do use the practice to fill their political coffers.

The battle over Proposition 32 follows conflicts in Wisconsin, Ohio, Indiana and elsewhere where Republican efforts to weaken organized labor have produced protests and political tumult.

In Michigan, labor unions are fighting back. On Nov. 6, voters there will be deciding on a first-of-its-kind ballot initiative that would put collective bargaining rights in the state constitution â¿¿ and out of lawmakers' reach.

If successful, the strategy could serve as a model for other states, encouraging unions to bypass hostile officeholders and take their case directly to voters.

"Labor is on the defensive," said Lawrence Mishel, president of the Economic Policy Institute, a liberal research organization in Washington, D.C. "This could very well be a turning point if the people of Michigan affirm collective bargaining."

Other notable ballot measures:

â¿¿ In Alabama, Montana, Florida and Wyoming, voters have an opportunity to weigh in on one key aspect of President Barack Obama's health care overhaul in the form of Republican-backed measures stating that no individual or business can be compelled to participate in a health care system. The measures are viewed as largely symbolic; they would violate federal law and any attempt to enforce them would likely wind up in the courts.

â¿¿ Maryland voters will decide whether to uphold or overturn a new state law allowing illegal immigrants to pay in-state tuition at public colleges if their parents have paid taxes and if the students have attended Maryland schools.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs