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Chrysler's demand that the CAW slash labor costs by 25% caught the industry by surprise because it breaks with the time-honored tradition of pattern bargaining - in which an agreement by one of the automakers with the union sets the pattern for the others. Earlier this week the CAW gave up a special annual bonus and agreed to a reduction in paid time off in reaching a deal with General Motors. But that deal was criticized by some in the industry as insufficient. Indeed, Ford Motor Co. said Friday it will also reject the GM-CAW deal...
...Services have been abruptly notified that they will be laid off effective Monday and others have been informed that their hours will be reduced, according to a union organizer. OneSource and UNICCO—subcontracted companies that clean properties administered by HRES—had been asked by Harvard earlier this year to cut contract costs in response to a predicted 30 percent decline in the University’s endowment. Two weeks ago, HRES told OneSource more specifically that it must cut 40 percent of its costs by March 16, according to Daniel B. Becker, an organizer for Service...
Overall economic growth is following suit. In the fourth quarter of 2008, Taiwan's GDP contracted 8.4% from the same period a year earlier, making it the worst quarter on record. South Korea's GDP shrank 3.4%, Singapore's fell 4.2%, and Hong Kong's dipped 2.5%. Eric Fishwick, head of economic research at the brokerage CLSA in Hong Kong, predicts the dismal numbers will persist. He expects GDP in Taiwan and Singapore to contract at double-digit rates this year. "We've never seen an external shock in Asia like this," says Fishwick...
When Professor of Biological Oceanography James J. McCarthy heard about President Barack Obama’s reforms promoting scientific integrity in government earlier this week, he said he wasn’t shocked. “Nobody was surprised he did this,” said McCarthy, who was one of the original signers of a document in 2004 that accused former President George W. Bush of “misrepresenting and suppressing” science for political reasons. “Mr. Obama has surrounded himself with the very best scientific talent any president...
...Until the shooting of Officer Carroll - as well as the double slaying at an Antrim barracks two nights earlier of British soldiers Sapper Mark Quinsey and Sapper Patrick Azimkar - it appeared that Northern Ireland's lengthy peace process had succeeded in ending the violent conflict known locally as the Troubles. Carroll was the first police officer to be killed by Northern Irish terrorists in over a decade. "I had begun to take the process for granted and to regard the peace as irreversible," says Lord Bew, professor of Irish politics at Queen's University Belfast and a legislator in Britain...