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...were created to help finance health care for retired workers. "This was a huge gamble for Gettelfinger," says Shaiken. Gettelfinger also suspended the controversial jobs bank, cutting off payments to some 3,600 workers idled by plant closings at the three companies. According to the local's website, the demand for board representation was linked to these concessions...

Author: /time Magazine | Title: Bailout Tactics: UAW Prepares for Its Next Move | 12/8/2008 | See Source »

...Mart, if not by Christmas, then the end of December. But they debunk the $99 rumor. None of my sources would say when exactly Wal-Mart would start offering iPhones. That sounds to me like Apple might be having a hard time producing enough iPhones to satisfy Wal-Mart demand. But that's just a guess...

Author: /time Magazine | Title: iPhone Headed to Wal-Mart. Discounts May Wait | 12/8/2008 | See Source »

...plunging at a faster rate than government spending is rising. And given that consumers have shut their wallets, the U.S. savings rate is almost certainly headed up as this recession deepens. The result, as former Treasury official Brad Sester points out, is that the overall U.S. demand for capital is diminishing - despite the government's appetite for more money to fund bailouts and a likely forthcoming stimulus package - while its own ability to fund its deficits is increasing via more domestic saving. The bottom line: the U.S. is becoming less dependent on Chinese investment...

Author: /time Magazine | Title: Paulson in China: The Monster Under the Bed | 12/5/2008 | See Source »

...past prejudices about the quality of tequila, Suros explained that poor tequila was produced beginning with the outbreak of World War II. The liquor exports of Europe declined and because tequila was made in the Americas its sales skyrocketed in the United States. But demand severely outpaced supplied. The plant used to make tequila, agave, takes an average of eight to ten years to fully mature. As a result, “mixto tequila,” watered-down tequila mixed with unknown materials, was shipped to the United States to feed the demand. This scared Americans of the taste...

Author: By Anthony J. Bonilla, CONTRIBUTING WRITER | Title: Siembra Azul Chief Talks Tequila | 12/4/2008 | See Source »

...there's no risk of her popping round to check the dust levels on the bookshelf or calling my husband every time her TV is on the fritz. That means we avoid one of the more common complaints that Apter heard from women: that their mothers-in-law demand too much attention from their sons. In What Do You Want from Me?, one woman describes how her mother-in-law expects her son "to come round late at night even to change a lightbulb." For me and my mother-in-law, distance helps keep us close. (See pictures...

Author: /time Magazine | Title: Mother-in-Law Problems: They're Worse for Women | 12/4/2008 | See Source »

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