Word: burdening
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Dates: during 2000-2009
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...world's largest automaker is desperately trying to hammer out a new contract that would shift the burden to the United Auto Workers (UAW), the union that represents 73,000 of GM's employees and nearly 270,000 retirees. The company wants to fund a health-care trust, administered by the UAW, to pay for retirees' medical needs. The union's old contract expired Sept. 14, and the creation of that trust has emerged as the principal stumbling block to a new one. An eventual deal looks likely; the two sides are haggling furiously over exactly how much GM will...
...uncertainty and loves cash flow, and a VEBA would once and for all limit how much GM spends on its retirees--a savings of about $2.5 billion a year--enough for GM to fund a new car program and a more efficient engine every year. "With the health-care burden gone, GM becomes a much more competitive company," says David Cole, chairman of the Center for Automotive Research in Ann Arbor, Mich...
Perhaps the greatest significance of the coming GM-UAW deal is that it's another step in the decline of employer-sponsored health care. UAW president Ron Gettelfinger says he would prefer a single-payer system, which would relieve the burden for both GM and the union. That won't fly, but presidential candidates will offer other ideas. The crisis in Detroit shows, in the extreme, that corporate paternalism in the form of health insurance has outlived its usefulness. GM's biggest mistake may have been to assume that it would always be strong enough to handle the promises...
...administrative talk of lessening the financial burden many students face, Harvard has still been surprisingly resistant to change the status quo in this regard. I am taking two classes this semester which require students to purchase a coursepack (still not available online) in addition to multiple books. The prices for these coursepacks: $203 and $170. Lucky for me, my fantastic parents often reimburse me for my book expenditures. For students, rich and poor, who are paying out of pocket, this is simply unacceptable...
...fact, the T-shirt compels us to ponder why, 25 years after the disease was first publicized and 11 years after the discovery of life-saving treatment, millions the world over still bear the burden of infection alone and without hope. It forces us to consider how the global response to one of the greatest crises of our time has remained so tepid that each year the pandemic continues to claim five million new infections and three million more lives...