Word: bailouts
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...Owen Bieber and Tom Miner, Chrysler's vice president of labor relations, shook hands last week to open new negotiations, the circumstances were very different from those surrounding the earlier talks. In 1982 Chrysler was just starting to come back from a brush with bankruptcy, its veins full of bailout money. Today the company is robust, its sales up and Government-backed loans of $1.2 billion paid...
That year, Summers served as Clinton’s point-man on a controversial effort to bail out the heavily indebted Mexican government. The Clinton administration bypassed the Republican-controlled Congress in the face of vehement GOP opposition to the bailout plan—a maneuver that didn’t endear Summers to Republicans on the Hill or their allies in the press corps...
...billion deficit following a wave of pension defaults by bankrupt steel and aviation firms. The agency is funded primarily via premiums paid by employers, and proposals are floating around Washington to shore up its finances. But with a few more big pension defaults ... can you say "taxpayer bailout...
More turbulence. United should emerge as a leaner, more competitive carrier. But workers have threatened to strike over lost benefits. And rival carriers may lobby for a pension bailout, arguing that United is getting an unfair advantage. --By Daren Fonda
...Clinton administration learned that the GOP-controlled Congress would not provide financial backing for the bailout...