================================

FW: McCarron/Sweeney/ULLICO,

 

They won't know that their unions are dead even after they

are dead.

 

Three labor financial organizations, the AFL-CIO

Building and Investment Trust, the AFL-CIO Housing

Investment Trust, and the Union Labor Life Insurance

Co., have to date been the prime sources of lending

for Economically Targeted Investments (ETIs). [

http://realitytimes

.com/rtnews/rtcpages/19981125rupplayvista.htm

http://aflcio.org/convention99/conv_updates_caprpt.htm

http://www.reji.com/archive/CREJ/1998/981130/981130-4.shtml

http://www.deanwitterdiscover.com/realestate/equity/portfolio/playavista.html

Edited, 3/26/2002]

http://www.house.gov/jec/cost-gov/regs/eti/solution.htm

http://www.heartlandnetwork.org/links.htm (contains

chapters. of Working Capital)

http://uswa.org/heartland/5privpl.htm (Working

Capital) Working Capital by Archon Fung may 2001

http://www.amazon.com/exec/obidos/ASIN/0801439019/qid=1007317544/sr=1-5/ref=

sr_1_11_5/104-9561360-5417568

The nature of their loan requirements, 100% union jobs

almost certainly makes them PLA-type sponsors. These

pension fund investment trusts are, ipso facto,

employers just as much as their borrowers are.

Therefore, the union members are their own employers,

but autocratic union officials completely control

these multi-billion dollar businesses and discourage

or prevent membership control of the local unions that

are the sources of these pension investment funds.

 

The cornerstone and main objective of McCarronís new

labor doctrine is the pension fund money that is now

in the coffers and that yet to come. Sums that he will

control to be loaned to the investors, developers and

contractors. The AFL-CIO Investment Trusts might also

be the root cause of the dispute between McCarron and

some officials of the AFL-CIO. McCarron probably

not-so-secretly holds that the AFL-CIOís Building and

Housing Trusts do not go far enough in permitting the

employers the full latitude that they want over their

workers. The poison targeted for workers in the

AFL-CIOís PLA poison-pills has been too weak to entice

more employers to sign union contracts. But the

extremely toxic pill that McCarron wants to use will

guarantee a subservient, low paid workforce, dues to

his company union and employer pension fund

contributions to his investment fund. The cyclic labor

supply, pension fund contribution, wage control,

investment mechanism will be complete.

 

The employers and McCarron will assert that anyone who

works must belong to the company union. There are

probably some top officials who are reluctant to adopt

McCarron's new doctrine, either because they still

hold a few remaining traditional principles, or

because of fears of a membership revolt. Neither, the

Bush administration or the Democrats (the

self-proclaimed defenders of labor) are opposing this

travesty and it will have been financed with the union

membersí own money. In 1997 Douglas McCarron setup a

financial investment fund, The ìBuilders Fixed Income

Fund _SECinfo_ Builders Fixed Income Fund, Inc._

485BPOS- On 4/30/01 (Prospectus)

http://www.secinfo.com/dsVSc.4F913.htm See page(s)

41st, 42nd, and 43rd of 65 7.î It would appear that

this fund is intended to be a rival fund competing for

pension fund monies with the AFL-CIOís Investment

Trusts. Ibid. AFL-CIO Building Investment Trust (No

SECinfo records) http://www.merctrust.com/bit/what.htm

Ibid. AFL-CIO Housing Investment Trust (First Filing

2/7/95)

http://www.secinfo.com/$/Search.asp?Find=...+Investment+Trust&R=X&M=X&N=X&I=

X&B=X&T=X

If the loss of the Carpenters Union dues to the

AFL-CIO is distressing to that organization (a few

Million dollars), then the potential withdrawal and

loss of Carpenter and other pension fundís investments

(hundreds of millions of dollars) from the AFL-CIOís

Investment Trusts must be equated with disaster.

 

Is the threat of ending placement in and the

withdrawal of Carpentersí and other unionís monies

from the AFL-CIOís Investment Trusts McCarronís secret

weapon? Is this the club that he is using to force

other top officials into accepting his new labor

doctrine? Is this what one unnamed official meant when

he said that ìMcCarron was threatening to pickup his

marbles and go home? Rumors circulated in 1999 that

McCarron was requesting the major Carpenter pension

plans to allot 5% of their resources for investment by

the International Union. If so a likely guess is that

these allotments would have been used to pump

additional capital into McCarronís Builders Fixed

Income Fund. This fund is probably intended to become

an anchoring financial pillar in an organization

designed to be a full service resource for

entrepreneurs of all kinds. From company labor union,

to merchant banker, sheriff, judge, jury and forced

labor camp, McCarron would supply all. PLAs under

McCarron are excellent complimentary vehicles to ETIs

and Private Equity Investments. Together they makeup

the perfect mechanism to capture, recycle, and

maintain control of billions of dollars in pension

fund accounts, and fix labor costs with no input from

workers. (Ibid, Strategic Investment Committee Report

to the 38th General Convention of the United

brotherhood Of Carpenters and Joiners Of AmericaThis

report was handed out to the delegates at the

convention.

 

There is no known public source for this document.)

Together they have the potential to impoverish the

workers who produce these gigantic sums of money as

well as having the capability to make life better for

all. As they are presently used, they only assure the

potential to reap huge profits at minimal risk for an

unchallenged corporate trust of merchant bankers,

contractors, real estate entrepreneurs, and shameless

union officials. After, rewarding all of the

politicians who have helped to make grand larceny

politically and legally possible. Even though

President George W. Bush recently banned Project Labor

Agreements on federal works (more recently overturned

by a federal court), we should not be surprised if he

flip flops and suddenly embraces PLAs as the second

best thing since the discovery of oil in Texas and the

five Stans. The reason is, that he has suddenly

discovered what a great friend Douglas McCarron is,

and ìhow enlightenedî the man is. Why in fact he now

realizes that he and Doug are on the same ìMcCarron

Team.î Bush may even be willing to promote the kind of

union that Doug is intent upon creating. With strong

democratic rank-and-file participation in unions,

PLAs, ETIs, and Private Equity Investments could still

become useful, desirable, social tools. The cause for

extreme concern arises when PLAs and ETIs become labor

cost regulating mechanisms and investments that are

solely in the control of a corporate trust-

dictatorship.

 

When the union wage earner is totally eliminated from

the process of determining what is fair compensation

for a dayís work, and how work assignments are made;

this is a direct pathway to the privatization of labor

unions and a totalitarian state. McCarronís Carpenters

union is leading the way, and for sure others are

following. This is the

Labor-official/Business/Government Cooperation

Partnership in concerted action. This concept keeps

unions in name only, supplies cheap quality labor,

keeps union pension funds flowing into the investment

markets, finances a union patronage army of enforcers,

a chest full of political campaign money and keeps a

spiked boot upon the necks of a suppressed workforce.

THIS IS THE ULTIMATE PROJECT LABOR AGREEMENT! Part

III. GOING, GOING, GONE GLOBAL The concept has already

gone global. An organization named PERTA_ Pension

Education, Research and Technical Assistance Programme

or the Pension Education, Research and technical

Assistance Programme in a 1994 resolution number 14

called for ìinternational pooled funds for

investments, backed by government and international

guarantees.î

wysiwyg://145/http://www.internationalbuilders.org/perta/pertaintro.html

wysiwyg://9/http://www.internationalbuilders.org/perta/training.html

8 A 1996 article titled ìInternational ETIs

(Economically Targeted Investments), by Robert Stowe

England states; ìWith economically targeted

investments facing opposition in congress and from

private pension lobbyists, this would appear to be a

strange time to think about exporting the concept.

 

But Union Labor Life Insurance Company (ULLICO), a

Washington, D.C.-based for-profit insurer owned by

labor unions is putting its resources behind an effort

to help pension funds in other countries setup

investment programs targeted at domestic job

creation.î

http://assetpub.com/archive/ps/96-05psmay/may96PS52.html

9 Pertaís concept presumably would allow the free flow

of union pension funds between nations. The existing

vast sums of US pension fund money are more likely to

predominate as investments in foreign ETI projects.

Apparently ULLICO is maneuvering to become the prime

gatekeeper to these international investment funds

through Hamilton Lane Advisors (a.k.a. HLM Management

Co.), investment consultant to ULLICO. (The Macroview:

Gatekeeper Developments Mirror Changes in Private

Equity Industry (This page has been removed from the

web), (Venture Update, Winter 1994) Richard J. Testa)

http://www.tht.com/204888.HTM 10. Is what is touted as

an altruist motive to help foreign unions in reality

an innovative business strategy that will have a far

reaching hurtful effect, not only for American workers

but also for those of other nations? [Does ULLICOís

business practices benefit its top executives ahead of

union members? Corruption Probe Targets ULLICO AFL-CIO

Presidents_

http://www.construction.com/NewsCenter/Headlines/ENR/20020325a.jsp

11 edited, 3/26/2002] Are its business interests

playing a major role in the takeover and restructuring

of the Carpenters Union? Are the allegations and

concerns of many rank-and-file activists about

McCarronís objectives valid? If so, American labor has

its own version of the WTO in the form of McCarron,

ULLICO and their business partners. Global PLAs and

ETIs may already be a fact of life. Ibid. ULLICO Inc.

{In The Bulletin} 1999 Annual Report Highlights

Private Capital Investing: The Logic Revealed (flaunts

investment in Global Crossing)

http://www.ullico.com/bulletins/apl1999/bulletin4_99a.html

[BusinessWeek online - March 14, 2002 Global Crossing:

Labor's Questionable Windfall; edited 3/20/2002] Ibid.

Strategic Investment Committee Report to the 38th

General Convention of the United brotherhood Of

Carpenters and Joiners of America (This report was

handed out to the delegates at the convention.

 

There is no known public source for this document.)

Ibid., Joint Economic Committee Congress of the United

States [Issue Summary] June6, 1995. Economically

Targeted Investments (ETIs) The Solution: H.R.1594-

The Pension Protection Act

http://www.house.gov/jec/cost-gov/regs/eti/solution.htm

The foreign package is a clone of the domestic PLA,

ETI, and Private Equity investment package. As in the

U.S.A., all three are vital interconnecting elements

of a global investment scheme. As previously stated,

these elements in and of themselves may not

necessarily be objectionable but if the strategists

require a dictatorship to impose their designs upon

uninformed, unsuspecting union members, then something

is terribly wrong with what the Business-Union

Partners are doing. The dynamics of the U.S. workforce

have been in a rapid state of change since the 1950s.

Entire industries have disappeared. Workforce

demographics and technologies are changing ever

faster.

 

But however much everything else changes, the

Business-Union Partners have found a way to keep

unions alive in a form made to order to by the

employers for the employers. Union members are

politically disabled reducing them to third world

status, pension fund investment capital is preserved

with the Partners as lords over all. McCarron and his

business associates have progressed thus far because

the few people who really know and understand what is

happening arenít talking and many union members are

too politically detached to attempt an understanding.

The founding of an investment fund under his control

(the words, ìUnited Brotherhood of Carpentersî is not

in its name), the corporate-style takeover of the

Carpenters Union and its separation from the AFL-CIO

are three big steps toward disaster for all American

workers and for a free society. Other extreme measures

are likely to be applied within the AFL-CIO to advance

McCarronís new concept of strictly corporate

business-union objectives. Future AFL-CIO and BCTD

meetings should be interesting ones that more clearly

reveal the hitherto disguised objectives of the

Business-Union Partners, as well as the reactions and

identities of those officials who are targeted to be

compromised and co-opted into the conspiracy. One

thing we can be sure of, we and Sweeney are in deep

trouble.

 

Any thing that we are told by the Business-Union

Partners must be viewed with skepticism! Chuck Cannon,

retired_ PileDrivers Local Union 34, Oakland/San

Francisco, California

 

ENDNOTES TO THE COMPLETE SWEENEY IN TROUBLE

From: Chuck Cannon, PileDrivers Local 34, Oakland/San

Francisco, California

Date: 04 Apr 2002

Time: 00:25:11

 

Comments

ENDNOTES: SWEENEY IN TROUBLE *Amendments to the

Constitution and Laws of the United BrotherHood of

Carpenters and Joiners Of America proposed by The

General Executive Board and Affiliated Local Unions to

the 38th General Convention_Chicago, Illinois_ August

21-25, 2000, page 25 Proposed Section 15 E. Submitted

by Local Union 34. Amend Section 15, Paragraph E:

Ibid, page 41, July /August 2000 CARPENTER_Proposed

amendments to the Constitution. Excerpts: The intent

is to re-structure the Carpentersí Union into a

democratic membersí union, by the creation of an Asset

Trust under which all vested members would be direct

owners/beneficiaries in their own names by

implication, of the tangible assets of the United

Brotherhood of Carpenters. This is the membershipís

takeover of the International Union.

 

The Asset Trust shall hold all property, real estate,

and other tangible assets for the sole purpose of

assigning the advantages, benefits, and

responsibilities of ownership of the assets to the

union members and to their direct control. This

amendment would make the unionís members, whose

investment of money and labor created the unionís

wealth, the true legal owners of their international

unionís assetsÖ. (NEW) proposed amended text. E

Section 15. The title of the Headquarters and real

estate now held by this United Brotherhood, or which

may be hereafter acquired, shall be vested by proper

conveyance in THE UNITED BROTHERHOOD OF CARPENTERS AND

JOINERS OF AMERICA BENEFICIAL REAL ESTATE, PROPERTY

AND ASSETS TRUST, a non-profit trust, to be managed by

said Board of Trustees in trust for the sole purpose

of inuring a beneficial interest in all said real

estate, property and other tangible assets to the

members of the United Brotherhood of Carpenters and

Joiners of America.

 

THE UNITED BROTHERHOOD OF CARPENTERS AND JOINERS OF

AMERICA BENEFICIAL REAL ESTATE, PROPERTY AND ASSETS

TRUST (hereafter referred to as the ìAsset Trustî), is

the entity which holds the common assets of the

persons named in the membership rolls who have been

members in good standing for five cumulative years of

the United Brotherhood of Carpenters and Joiners of

America ( hereafter referred to as the ìMembersî), and

who are in fact, the titular and beneficial owners of

the Asset Trust, by necessary implication. Said

Members shall be the vested, beneficial

owners-in-common of all its assetsÖ. (of course this

amendment was rejected by McCarron's delegates, but it

least it is a part of the record. Maybe someday union

members will see the light.) ** Harrington vs. UBC

http://laws.findlaw.com/1st/011577.html 1 U.S.DOL_

OSEC CONGRESSIONAL TESTIMONY; Testimony Before the

Joint Economic Committee United States Congress

[06/22/94]

06/22/94http://www.gov/dol/asp/public/programs/history/reich/congress/062294

rr.htm

2 Ibid.p.2 Joint Economic Committee Congress of the

United States [Policy Analysis] Sept.1995 The Clinton

Pension Grab

http://www.house.gov/jec/cost-go/regs/eti/grab.htm

*1999 Bestís Insurance ReportsLife/Health; and 1999

Bestís Insurance Reports Property-Casualty. 3 Painters

and Allied Trades Journal_ April/May 2001. Inset

article by General President Michael E. Monroe_ What

is He Thinking And Why Now? page 2. 4 Project Labor

Agreement (a generic form)

http://www.mainetrades.org/project_labor_agreement.htm

(see article VII Wages and Benefits, section 3 for a

peek into the underlying philosophy) 5 Reaching a new

plateau_ Why institutional investors should become

their own merchant banks. Peter D. Ashe

http://www.assetpub.com/archive/ps/96-02psfeb/feb96PS70.html

6 SECinfo_Value America Inc/VA 424B1 On 4/8/99 12th

page of 103 http://www.secinfo.com/drV5e.69y.htm 7

First filing 06/27/97 SECinfo_ Builders Fixed Income

Fund, Inc._ 485BPOS- On 4/30/01 (Prospectus)

http://www.secinfo.com/dsVSc.4F913.htm See page(s)

41st, 42nd, and 43rd of 65 Ibid., AFL-CIO Building

Investment Trust (No SECinfo records)

http://www.merctrust.com/bit/what.htm Ibid., AFL-CIO

Housing Investment Trust (First Filing 2/7/95)

http://www.secinfo.com/$/Search.asp?Find=...+Investment+Trust&R=X&M=X&N=X&I=

X&B=X&T=X

On the SEC URLs you may have to signup to gain entry.

 

You may also use a search engine like Web Ferret and

type in a search AFL-CIOÖ. And find a secinfo site

that will get you in without signing up. (the above

address may not be complete) Ibid., Strategic

Investment Committee Report to the 38th General

Convention of the United brotherhood Of Carpenters And

Joiners Of America (This report was handed out to the

delegates at the convention. There is no known public

source for this document.) 8 INTERNATIONAL

CONSTRUCTION INSTITUTE PERTA_ Pension Education,

Research and Technical Assistance Programme

wysiwyg://145/http://www.internationalbuilders.org/perta/pertaintro.html

wysiwyg://9/http://www.internationalbuilders.org/perta/training.html

9 International ETIs_ Launching a new targeted

investment program for overseas union funds_ Robert

Stowe England May 5, 1996

http://assetpub.com/archive/ps/96-05psmay/may96PS52.html

10 The Macroview: Gatekeeper Developments Mirror

Changes in Private Equity Industry (Venture Update,

Winter 1994) Richard J. Testa

http://www.tht.com/204888.HTM (This page has been

removed from the web) Ibid., ULLICO Inc. {In The

Bulletin} 1999 Annual Report Highlights Private

Capital Investing: The Logic Revealed (flaunts

investment in Global Crossing)

http://www.ullico.com/bulletins/apl1999/bulletin4_99a.html

(has recently been removed from web for 2nd time)

[BusinessWeek online - March 14, 2002 Global Crossing:

Labor's Questionable Windfall; subscription required.

_Edited 3/26/2002] [PLAYA VISTA http://realitytimes

.com/rtnews/rtcpages/19981125rupplayvista.htm

http://aflcio.org/convention99/conv_updates_caprpt.htm

http://www.reji.com/archive/CREJ/1998/981130/981130-4.shtml

http://www.deanwitterdiscover.com/realestate/equity/portfolio/playavista.html

edited, 3/26/2002] Ibid, Title: Labor Learns Wall

Street's Game. Subject(s): ULLICO Inc.; UNION Labor

Life Insurance Co.; PLAYA Vista (Los Angeles, Calif.);

TRADE-unions Source:Business Week, 12/21/98 Issue

3609, p6, 1/4p, 1c Author(s): Bernstein, Aaron;

McNatt, Robert Abstract: Focuses on ULLICO, parent of

Union Labor Life Insurance, and its stake in the Playa

Vista real estate project in Los Angeles, California.

Brief description of the project; Other owners of the

property; How this deals shows that labor can achieve

its goals by flexing its financial muscle.

 

ìÖAfter much wheeling and dealing, ULLICO ended up as

a Playa Vista co-owner with L.A. dealmaker Gary

Winnick, Goldman Sachs, and Morgan Stanley Dean

Witter. ULLICO obtained pledges for 125,000 new union

construction jobs over 15 years. ULLICO is clearly

ready to play with Wall Street biggies. Vice-President

Mike Steed has invested in 55 deals since 1992,

reaping average annual returns of 33%. And he obtained

agreements that ULLICO's partners will remain neutral

in any union-recruitment drives affecting them.

``Private capital investing,'' says Steed, ``creates

opportunities for unions to get high rates of return

and organize new workersÖ.î PHOTO (COLOR): STEED: Good

returns-and new members Copyright 1998 by The

McGraw-Hill Companies, Inc. By Aaron Bernstein and Ron

Grover Edited By ROBERT McNATT Ibid., Strategic

Investment Committee Report to the 38th General

Convention of the United brotherhood Of Carpenters And

Joiners Of America (This report was handed out to the

delegates at the convention.

 

There is no known public source for this document.)

Ibid., Joint Economic Committee Congress of the United

States [Issue Summary] June6, 1995 Economically

Targeted Investments (ETIs) The Solution: H.R.1594-

The Pension Protection Act

http://www.house.gov/jec/cost-gov/regs/eti/solution.htm

http://www.heartlandnetwork.org/links.htm (contains

chapters. of Working Capital)

http://uswa.org/heartland/5privpl.htm (Working

Capital) Working Capital by Archon Fung may 2001

http://www.amazon.com/exec/obidos/ASIN/0801439019/qid=1007317544/sr=1-5/ref=

sr_1_11_5/104-9561360-5417568

[ 11 Corruption Probe Targets ULLICO AFL-CIO

Presidents

http://www.construction.com/NewsCenter/Headlines/ENR/20020325a.jsp

edited, 3/26/2002] [BusinessWeek online - March 14,

2002 Global Crossing: Labor's Questionable Windfall;

_Edited 3/26/2002]

http://www.businessweek.com/bwdaily/dnflash/mar2002/nf20020314_4624.htm

http://www.businessweek.com:/print/bwdaily/dnflash/mar2002/nf20020314_4624.h

tm?mainwindow

 

                -30-