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Over the past year, steelworker Eugene (Lou) Costello has endured pay cuts of 15%, 10% and 12.8%, plunging his annual base pay from about $50,000 down to about $33,000. "I feel like a marathon runner who sees the finish line but when he gets close, his coach holds up a sign that says he has 25 more miles to go," says Costello, 61, who works for Wheeling Pittsburgh Steel in Mingo Junction, Ohio. "I'm going to have to work until I die." Costello chose to work in steel mills rather than the coal mines where his father...

Author: /time Magazine | Title: Where Did My Raise Go? | 5/26/2003 | See Source »

...Costello is the human face of a dramatically changed industry. With about 30 steel firms operating under bankruptcy protection, the steelworkers' union has willingly taken part in a vast restructuring of pay and benefits spearheaded by New York City investor Wilbur Ross. His International Steel Group (ISG) recently completed its third major acquisition in two years, buying most of the assets of bankrupt Bethlehem Steel. Ross warns of more wage pressure ahead: "If we don't reform our labor system very soon, we won't have a manufacturing sector to worry about." He is taking aim at work rules that...

Author: /time Magazine | Title: Where Did My Raise Go? | 5/26/2003 | See Source »

...military security or jeopardize a single American life," an apparent dig at Rivera. Even CNN (like TIME, a unit of AOL Time Warner) was defensively asserting that it was no Mata Hari. During a live report from Walter Rodgers with the 3rd Squadron, 7th Cavalry, outside Baghdad, anchor Carol Costello prompted, "Walter, just to clarify for our audience, everything you're telling us is O.K. with the military, right...

Author: /time Magazine | Title: Whose Flag Is Bigger? | 4/14/2003 | See Source »

Imagine the pressure to pick good make-out music when you're a rock legend wooing jazz's sultriest vocalist. Yes, it must be hard to be ELVIS COSTELLO, now squiring DIANA KRALL--to the Grammys, to Costello's Rock and Roll Hall of Fame induction, to a London fund raiser at which the pair performed a duet (Elton John's Sorry Seems to Be the Hardest Word). Costello, 47, and Krall, 38, met presenting an award at last year's Grammys. "It's a wonderful thing, and it's special to me. I'm really happy," Krall told...

Author: /time Magazine | Title: People: Mar. 31, 2003 | 3/31/2003 | See Source »

...Planners are not, however, underestimating the opposition. "Some element of air defense has already been cut back in southern Iraq," says Admiral Costello. "But there will be significant air defense near Baghdad which will be a concern for any pilot that goes north." That will be an issue particularly if Turkey does not allow US troops to sandwich Saddam from the north. US planes will have to travel a long way. "It can be done," says Capt Fox. "It only depends on how much fuel we have in the air." The whole operation, agree experts, will be very quick...

Author: /time Magazine | Title: Armed and Dangerous | 3/15/2003 | See Source »

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