Word: agreements
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...about their job security. According to a statement released Friday by HUDS Executive Director Ted A. Mayer, the staff reassignment seeks to accommodate the workers affected by the hot breakfast cut by filling some of the vacancies left by the early retirement program. The bid process was the mutual agreement of HUDS and Local 26, a union that represents hospitality workers in the Greater Boston area. “We remain hopeful that we can find an opening within HUDS for anyone in a position that is being eliminated due to the service changes,” the statement said...
...more positive note, the two sides have reportedly reached agreement on how to finance the Voluntary Employees' Beneficiary Association (VEBA), which was set up to fund retiree health-care benefits for GM's blue collar workforce. GM is said to be agreeing to deposit half the $20 billion it owes the VEBA and fund the other half with GM stock. The agreement appears to be very similar to the deal Chrysler LLC reached with the UAW. That deal put the UAW in control of the new Chrysler, with 55% of the stock. The union has also reportedly agreed...
...With the greenest lawmakers in charge and the President cheering them on, the prospects of sweeping controls on greenhouse gases seemed rosy. After a month of fighting among themselves, however, House Democrats announced an agreement Thursday that reflects more about the legislative process than the need to stop the planet from heating up. (See pictures of the effects of climate change...
...Democrats devised a permit allocation system to line up committee support. To woo lawmakers from districts powered by coal-fired utilities in the Midwest and Southeast, the agreement would give away 35% of the permits to electric utilities until 2025 while they make a transition to cleaner fuels or develop carbon capture technology. Research for such technology would be subsidized by billions of dollars raised from government auctions...
...compromise also loosened a requirement on states to generate 25% of their electricity with renewable fuel by 2025. That goal was lowered to 20% by 2020. And, as a concession to Southern states that lack sources of solar and geothermal power, the agreement provides credit for nuclear and hydro generation of electric power...