Word: collar
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...Future cost projections are even more chilling, since money to meet those projections is dwindling fast. In 2007, GM and the union estimated that it would require an investment of $57 billion to provide future health care for GM's blue collar retirees, even after trimming some benefits. GM's VEBA is more than a little shy of that number. It had $14.4 billion in the middle of 2008, and now has only $9.4 billion in assets, which is beyond the reach of creditors but would barely last three years in the face of escalating health-care costs. Gettelfinger describes...
...Gettelfinger insists that the union has already made substantial cuts to health-care costs. In less than four years, blue collar retirees have gone from modest co-pay fees and deductibles to footing 25% of the bill for their health care. The new UAW contracts also include reductions in benefits: dental and vision coverage will be dropped, effective July 1. "The UAW has always been willing to sacrifice to help these companies," Gettelfinger says. "When this started, we were on third base before the other stakeholders were even in the ballpark...
...fifth grade class, members of the Parole Board). It is my honor to be here with you at ____ (Class Day, your anti-drug program graduation, my hearing). Presumably your selection committee knew what they were getting themselves into when they selected _____ (a real American hero, an adult, a white-collar criminal). I’m here to share with you today some of the things I learned in ____ (my time at Harvard, my post-fifth grade life, prison). Many of those lessons came while I was _____ (at The Crimson, in sixth grade, in solitary confinement). In the grand tradition...
...argument by members of Congress who are opposed to the process may get some traction. Blue collar workers across the country are becoming enraged at seeing their peers being thrown out of jobs with support from the Treasury. Local towns and cities will have to support workers at dealerships that close. Banking and investment firms not involved in the GM situation will have to ask themselves if their future rights could ever be undermined by a process driven by the financial might of the U.S. government. (Read "Is This Detroit's Last Winter...
...accused of using DOG SHOCK COLLAR on his kids...