Word: cashed
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...feel O.K. about my spending - kind of, sort of," she says. Since she works in the real estate business, her job isn't safe. Still, she says, "you just have to delete that from your mind." This week, she'll start a part-time tutoring job to make some cash on the side. "Bottom line, you just have to keep living your life," she says...
...taking a risk here," says Gettelfinger. "We're going into this with an equity value of zero," he added, referring to the virtually worthless stock that both VEBAs are getting in lieu of cash that was owed them by the automakers. Then, pointing to his next battle, he said, "We've got to keep pushing for national health care...
...Chrysler has only 78,000 retirees, compared with GM's army of 377,000, but the financials don't line up any better for its VEBA, which has only $1.6 billion in cash - a fact that is already raising anxiety inside the union. Chrysler is expected to get $6 billion in new federal aid as it steps out of bankruptcy court, but Chrysler/Fiat is obligated to steer just $381 million into the VEBA next year. One possible save: in a little-noted facet of the new labor contract with Fiat, the VEBA can sell its shares to the Italian automaker...
...This piece of the transaction has proved most controversial - and is perhaps the biggest potential obstacle to a smooth reorganization of GM. The problem: the VEBA's haircut - trading promised cash for riskier shares - is less severe than the deal offered to some bondholders. And that's not the way bankruptcy is normally done...
...nonbelievers were a little late to the game in Chicago. The pious have been buying ad space from the city's decaying, cash-strapped public transportation system for a while. One recent religious ad read, "ISLAM. Got questions? Get answers. FREE Quran & Literature," followed by a toll-free telephone number. (Watch TIME's video "Bethlehem's Complicated Christmas...