Word: approaches
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...pension benefits - which means that one way or another, the hundreds of thousands of UAW retirees are probably going to get a lot less health coverage. The outlines of a plan are likely to be drawn up by Bloom, a pioneer in the voluntary employee beneficiary association (VEBA) approach. In a VEBA, the union agrees to accept a cash payment to fund a new health-care system that trustees administer, thus taking future liabilities off the company's books. That's what happened at Ford, where the company negotiated a deal in which half the VEBA will be funded...
...Understandably, neither the union nor the bondholders are happy about the task force's approach. The UAW feels particularly aggrieved because it has agreed to an unending series of givebacks over the past 20 years. Even before this latest crisis, the UAW had assented to the 2007 contract, which would have put Detroit's labor cost per car within a couple of hundred dollars of Toyota's and the other transplants'. That isn't enough, in the view of the task force, because consumers are willing to pay more for the foreign badges, and the Detroit Three need to earn...
...until growth reaches 4%. At that point, sales growth then turbocharges to about 7%, if the past is any measure. Analysts insist that when you combine the replacement demand, scrappage rates, demographic changes and an economic recovery, there's a case to be made that North American demand will approach 16 million units within five years. "We haven't seen this kind of positive force in replacement demand for this amount for a while," says the auto economist. And thanks to growing overseas markets like China and Russia, where GM is well positioned, industry growth outside the U.S. will...
...stimulus measures to create jobs, support financial firms, and build consumer demand. The US is the radical on the issue saying that its Treasury is "all in" and will raise whatever money is necessary to fix its economy and reverse job losses. Nations like Germany and France think the approach is irresponsible, and they may not have the credit ratings and access to global capital that the US does, which makes the disagreement academic...
...suddenly a no-brainer - not just in Britain, but also in Taiwan, Iceland and a swathe of other countries in Europe and Asia. Other schemes being tried include temporary work suspensions at factories, and even work-sharing programs. Two countries stand out as having the most developed and systematic approach: Japan and Germany, which both provide government subsidies to companies who keep on workers even though there's little or no work for them to do. Both have recently extended their schemes. In Germany, the government now subsidizes companies and idled workers for a full 18 months, up from...