Word: contraction
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Dates: during 2000-2009
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...volunteers were then divided into three groups. The first group participated in a lottery program in which those who came closest to or exceeded the weight-loss goal received a variable cash prize determined by how many pounds they shed. The second group agreed to a deposit contract in which they anted up some of their own money as part of a pool. Those who lost the most weight split the pot; those who didn't drop enough weight lost their investment. The last group was given no financial incentive and relied on willpower and commitment alone. (See pictures...
...surprise who did best. At the end of the 16-week trial, the lottery group dropped an average of 13.1 lb., with 53% reaching the goal. In the deposit-contract group, the average weight loss was 14 lb., with 47% taking off 16 lb. or more. People in the no-incentive group logged an average weight loss of just 3.9 lb., with only 11% of them reaching the 16-lb. goal. As for the payouts? The winning lottery players walked away with an average of $272.80. The most successful members of the deposit group pocketed a cool $378.49, on average...
First, we plan to keep all faculty and non-union staff salaries flat next year. Union staff have a contract with the University, which has been negotiated with the central administration...
...concessions could be more complicated. While Gettelfinger had the authority to make the changes in VEBAs and the jobs bank, he does not have the same authority to change other aspects of the existing contract without a vote by active workers. For example, according to William C. Andrews, managing director of the automotive advisory group at the consulting firm of BBK in Southfield, Mich., the UAW membership holds an effective veto over any "prepackaged" bankruptcy - which must be approved by all parties before it is filed, as opposed to a regular bankruptcy, in which the judge can change labor contracts...
...American Axle Holding Inc. in Detroit, for 83 days, when union leaders sensed they could not sell the proposed pay and benefit concessions to union members. The strike wound up costing GM, American Axle's key customer, more than $2 billion, according to the company's financial reports. The contract finally approved, though marginally better than the company's first proposal, still included wage cuts...