Word: collaring
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...slide toward insolvency, indicating GM had only $16.9 billion in ready cash reserves in place as of Sept. 30. Buried in the same voluminous report is a note indicating that GM has tucked away another $13.5 billion, in trust, to pay for health care for current and future blue-collar retirees covered by labor contracts with the United Auto Workers...
From the union's perspective, the health-care benefits always represented deferred wages, says Jerry Tucker, a former member of the UAW board. In addition, as GM, Ford and Chrysler have cut their blue-collar payrolls in half, from 300,000 to 150,000, over the past three years, the health-care benefits have become more important, he says. "More than two-thirds of workers taking early retirement aren't eligible for Medicare. A lot of them didn't even want to retire," he says. UAW president Ron Gettelfinger said in the fall of 2007 that the VEBA trusts would...
...psychoanalyst Muriel Teodori, who wrote the Franco-English libretto. First released as a Deutsche Grammophon recording in 2007, the opera recounts the story of Greek immigrant steelworker Dionysos (played by a bearded Sting), who falls in love with an opera diva, much to the consternation of his blue-collar buddies. His stalker-like obsession nearly gets him incarcerated by the police commissioner (a hulking, black-robed Costello), but with a little supernatural intervention by the ghosts of operas past, all ends well...
...vision of serenity. Set against the opulent decor of the lobby of the Inn at Harvard, he is dressed simply in a grey robe and matching pants, a crisp white collar clasped around his neck. Thick bifocals perch gracefully on his nose. Two tufts of snowy-white hair peek from beneath his characteristic red felt hat. He speaks with a soft, gravelly cadence, but carries himself with the gravitas befitting his stature. Chinua Achebe stands as perhaps the most recognizable and lauded African author of modern times. Celebrating its fiftieth anniversary this year, his premier novel, “Things...
...Sands isn't the only one that may have difficulty finding cash to finance its newest developments. Chan says the Galaxy Entertainment Group, which is building the Cotai Mega Resorts in Macau, is also likely to run into trouble. Any additional job cuts will further kindle discontent among blue-collar Macanese workers, who have long complained about losing construction jobs to less expensive mainland workers...