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Japan's Nikkei 225 index , a price-weighted index of 225 Japanese stocks, has also hit an historic high. A few months before that, on December 29, 1989, Japan's Nikkei 225 Index hit an historic high that stood until this week. That's about the amount the U.S. stock market dropped at the start of the Great Depression, from 1929 to 1932. .N225 5Y mountain Nikkei 225 Index in past five years. The Japanese stock market took 20 years.
Persons: it's, Japan's, Minoru Isutani, Arnold Palmer, Richard Ferris, Peter Ueberroth, Clint Eastwood, Nori, Bart Wakabayashi Organizations: Nikkei, CNBC, Japan's Nikkei, Mitsubishi, Rockefeller Center, Lone Cypress Company, Sumitomo Bank, Taiheiyo, Lone Cypress, Toyota, Honda, Sony, Hitachi, Nintendo, Sumitomo Mitsui, Japan Hedged Equity, Dow Jones, Tokyo Stock Exchange, Retailing, Softbank, Vision Fund, Foreign, Bank of Japan, White Oak Capital, Reuters Locations: Tokyo, New York, Japanese, California, Japan, U.S, Singapore
Supreme Court ruling could chill labor strikes
  + stars: | 2023-06-02 | by ( John Kruzel | ) www.reuters.com   time to read: +5 min
Angela Cornell, a Cornell Law School labor law professor, called it "another decision that undermines the capacity of unions to function." MORE STRIKESThe ruling comes at a time of increasing strikes called by U.S. labor unions. Some experts pointed out that the ruling largely preserved the existing legal scaffolding for deciding labor law preemption cases of this kind. The Supreme Court, with its 6-3 conservative majority, has dealt setbacks to organized labor in key cases in recent years. Brudney said Thursday's ruling "was not comparable to that broader trendline" of decisions weakening labor unions.
Persons: Amy Coney Barrett, Angela Cornell, Cornell, Kenneth Dau, Schmidt, Benjamin Sachs, Sachs, Dan Altchek, Saul Ewing, Altchek, James Brudney, Brudney, Anne Marie Lofaso, Lofaso, John Kruzel, Will Dunham Organizations: U.S, Supreme, Taiheiyo Cement Corp, Cornell Law School, Indiana University Maurer School of Law, Harvard Law, Glacier, Inc, International Brotherhood of Teamsters, National Labor Relations, U.S . Bureau of Labor Statistics, Fordham University Law, West Virginia University College of Law, Thomson Locations: Japan, Washington, Philadelphia, California
Glacier Northwest is a unit of Japan-based Taiheiyo Cement Corp. (5233.T)Glacier Northwest filed a lawsuit in Washington state court accusing the union of intentional property destruction during a 2017 strike. The Washington state Supreme Court in 2021 ruled that the company's claims were preempted by a statute called the National Labor Relations Act (NLRA), saying the company's loss of concrete was incidental to a strike that could be considered arguably protected under federal labor law. The Supreme Court, with its 6-3 conservative majority, has leaned toward curbing the power of labor unions in rulings in recent years. Teamsters General President Sean O'Brien said the Supreme Court had "again voted in favor of corporations over working people." While the Supreme Court has found that labor unions can be sued in state court for violent or threatening conduct, the union had argued, this narrow exception should not be expanded to permit property damage claims brought under state law.
Persons: Amy Coney Barrett, Barrett, Ketanji Brown Jackson, Noel Francisco, Sean O'Brien, O'Brien, Joe Biden's, John Kruzel, Will Dunham Organizations: U.S, Supreme, Glacier Northwest Inc, International Brotherhood of Teamsters, National Labor Relations, Taiheiyo Cement Corp, Conservative, Liberal, Teamsters, Thomson Locations: Washington, Japan, California
WASHINGTON, Jan 10 (Reuters) - U.S. Supreme Court justices on Tuesday wrestled with a labor dispute that could narrow federal protections for unions by making it easier for employers to sue over strikes that result in damage to company property. The Supreme Court, with its 6-3 conservative majority, has leaned toward curbing the power of labor unions in rulings in recent years. 174, representing the company's truck drivers, in state court accusing the union of intentional property destruction during the strike. Glacier Northwest urged the U.S. Supreme Court to rule that federal preemption does not bar claims made under state law involving intentional destruction of an employer's property. While the U.S. Supreme Court has found that labor unions can be sued in state court for violent or threatening conduct, the union argued, this narrow exception should not be expanded to permit property damage claims brought under state law.
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