Word: burdens
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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...
...would be nice to think that his case was exceptional. But it is the burden of Caryl Phillips' latest searching meditation on outsiders in England that Turpin's story is much too typical. Beside him, in the triptych that makes up Foreigners: Three English Lives, is the story of Samuel Johnson's Jamaican servant, Francis Barber, who ended up in penury, though Phillips' narrator remembers him as "at one time, probably the foremost negro in England." Then there's the story of David Oluwale, a Nigerian who stowed away as a teenager to come to England in 1949, dreaming...
...Madeleine must not let up for one moment." Says McQuillan: "Richard is a family man himself, and he's very conscious of the fact that there are other family members who are all affected by this. He wanted to do a small thing to relieve some of the burden from the family...