Word: earnings
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...Bloom, to lead his auto task force, he instructed them to "treat these transactions in a commercial manner." That is to say, restructure the companies in a way that makes good business sense. The "commercial" mantra proved fleeting. The first imperative of commerce - to add value and thus earn profits - is too narrow to host all the civic expectations attached to the auto industry. If GM's only task were to make money, the company would shutter its car factories (or move them to low-cost countries) and churn out light trucks...
...meanwhile, has been asked to take a deal similar to the one struck with Chrysler. Autoworkers would give up some holidays and bonuses. Their wages would not automatically rise in the future as they had in the past. Some 20,000 jobs would be cut, and future hires would earn wages comparable to those paid in Toyota's U.S. factories. When those givebacks are added to an earlier surrender of the notorious "jobs bank" - which paid laid-off autoworkers for doing nothing - clearly the UAW's once heavenly bed has lost much of its fluff. What remains is the VEBA...
...unofficially, this is also a dispute over pay. According to union estimates, a full-time teacher earns about $3,350 a month, while part-time teachers, who make up the majority of Germany's kindergarten staff, earn $2,100 a month. "We don't earn enough money and our working conditions have gotten worse," Elke Rumps, a kindergarten teacher in Cologne tells TIME. "We take kids from 10 months old, [we look after] large groups, and parents expect so much from us. We have to integrate kids from families with social problems, carry out our normal teaching duties and also...
...Mandarin Oriental Riviera Maya, 10 minutes north of Playa del Carmen and 30 minutes south of Cancún, is offering a $100 nightly credit, which you can use toward dinner, the spa or your room (starting at $395). Or stay three nights to earn a fourth night free (starting at $495 per night...
...Kennedy. The legislation would make illegal immigrant students who graduate from U.S. high schools eligible to apply for conditional permanent residency if they plan to attend a college or university or if they plan to enter the military. Students can then go on to apply for citizenship once they earn a college degree or serve for two years in the military. Similar legislation had been repeatedly proposed in both the Senate and the House since 2001, though it has never been brought to a floor vote as a stand-alone bill. When the most recent legislation was first introduced...