Word: corpe
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Dates: during 2000-2009
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...alone employs more than 100,000 workers, the same number of autoworkers that have been laid off so far this year. And that's not to mention the hit the Federal Government would take if GM dumps its pension, insured by quasi-governmental agency the Pension Benefit Guarantee Corp.; with nearly 1 million participants, it is the largest private defined-benefit pension plan in the U.S. Some experts estimate that that hit alone could cost taxpayers more than $100 billion, with another $100 billion in lost tax revenues and $10 billion in increased Medicaid expenditures annually...
...carefully planned, prepackaged bankruptcy would still be troublesome, she says. Throwing 479,000 GM retirees onto the rolls of the Pension Benefit Guaranty Corp., for instance, could overwhelm it. And GM's agreement to fund the United Auto Workers' voluntary employee beneficiary association (VEBA) - thus getting a $50 billion unfunded liability off its books - might then be in jeopardy, as would the union's health benefits. The VEBA has already saved GM nearly $5 billion in the past quarter, and still greater benefits lie ahead...
...vote of no confidence from the government would cause consumers to flee the banks, taking deposits and forcing the firms to liquidate or be sold. Among the nation's largest banks that have not yet announced they have been approved for the government's TARP assistance are Synovus Financial Corp, M&T Bank, New York Community Bancorp, Colonial Bancgroup and the South Financial Group...
...question that has been debated by parents, psychologists and media critics for years is whether such racy content has an adverse effect on young viewers. Now researchers at the Rand Corp. say they have documented for the first time how such exposure can influence teen pregnancy rates. They found that teens exposed to the most sexual content on TV are twice as likely as teens watching less of this material to become pregnant before they reach...
...keep a wave of business failures in the property sector from engulfing the larger domestic economy. Commercial and residential real estate markets in Japan are slumping, and with banks reluctant to lend, developers, contractors and other property companies are increasingly in peril. On Oct. 9, New City Residence Corp., a real estate investment trust, went bust, becoming the first REIT to fail since the trusts were allowed to sell stock to the public. "Property developers could face more bankruptcies if banks continue their severe attitude," says Masahiro Mochizuki, a REIT analyst at Credit Suisse in Tokyo. "And companies in other...