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October 29, 2025

Today in 1929
“Black Tuesday” — Wall Street crashes, throwing the world’s economy into a years-long crisis including an unemployment rate in the U.S. that by 1933 hit nearly 25 percent.

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What Critics of the ‘Faster Labor Contracts Act’ Get Wrong
Posted On: Oct 29, 2025
Oct. 29, 2025 | LEGAL OPINION | […] I want to address the most common substantive objection to the FLCA: that we shouldn’t place federal bureaucrats in charge of contract negotiations. Whether that view stems from faith in free contracting, a commitment to industrial democracy, or skepticism about an outside adjudicator’s ability to determine what’s best for a specific workplace, I take it that many across the political spectrum (though not all) are wary of arbitrators deciding labor contracts. But this critique misunderstands how first-contract arbitration works. On Labor
 
 
Teamsters Local 355
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