Word: dumping
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Once one of the most respected powers on Wall Street, the brokerage firm Kidder Peabody, went through a management shake-up today in a bid to regain some of its lost reputation. Kidder owner General Electric was rumored to be pondering whether to dump the poorly performing financial house, especially in light of recent allegations that the company's leading bonds trader had dramatically inflated actual profits. GE seems more committed than ever: along with the management shuffle, it recently sunk an additional $200 million into the enterprise...
...look a good deal less benevolent. After Armco Steel announced a stock offering that included $45 million to be sold to key managers on generous terms, while leaving health and benefit plans unfunded to the tune of $1 billion, workers at the Middleton, Ohio, mill demanded an election to dump a 50-year-old company association and replace it with a United Steelworkers local. The election was held in May, and the USW seemed to win, though nobody actually knows yet: the company got the NLRB to issue an injunction impounding the ballots...
Health care costs are, as we both know, rising faster than inflation; these costs are beyond the control of labor and management alike and are a source of worry to everyone. To suggest, however, that a wealthy institution like the Harvard Club must dump the burden of medical costs on its workers is preposterous. The Club is healthy financially, and increased its membership last year. There is no reason to demand a wage freeze, cut in benefits or other concessionary provisions in a new contract...
...babies, who may bear no wounds: they are tossed alive into the water, to drown on their way downstream. The bodies, or pieces of them, glide by for half an hour or so, the time it takes to wipe out a community, carry the victims to the banks and dump them in. Then the water runs clear for awhile, until men and older boys drift into view again, then women, then babies, reuniting in the shallows as the river becomes the grave...
...millions of dollars in fines and settlements. Meanwhile, if they are not subjects of criminal investigation, most fallen priests are sent into therapy and are either retired or dispatched to posts that do not put them into regular contact with children. "I don't believe the church should dump pedophiles out onto the street," says Bishop John Kinney, head of the Ad Hoc Committee on Sexual Abuse for the National Conference of Catholic Bishops. "We have a responsibility for them. The church should be able to find some way to care for them...