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...Both Ford Motor Co. and Chrysler LLC also have large pools of untapped cash reserved specifically to cover retiree health care under the terms of contracts signed in the fall of 2007 that were supposed to remove the retiree-health-care burden from company balance sheets. Meanwhile, new workers eventually hired to replace GM's, Ford's and Chrysler's current employees will no longer be eligible for postretirement health benefits. For the automakers, the costly transition is worth it, because it eliminates one of the major uncertainties they have faced over the years - the soaring cost of health care...

Author: /time Magazine | Title: Should Taxpayers Bail Out GM's Retirees? | 11/27/2008 | See Source »

...delivered into a tape recorder by Harvey, who's as sure of his impending death as he is of his gay-liberation creed. In the '70s, paranoia was simply common sense; the preceding 10 years had seen the murders of King and Robert Kennedy and assassination attempts on Gerald Ford and George Wallace. The movie is faithful to that grungy time, but it downplays the riots that followed its hero's assassination; Black and Van Sant don't want Milk to leave a sour taste. They've made a picture that is frankly celebratory, forthrightly inspirational. It's no less...

Author: /time Magazine | Title: Milk: It's Good, and Good for You | 11/26/2008 | See Source »

...Lowell implemented the Housing system in the 1920s, changes in technology have revolutionized student life, but the Houses have remained relatively static.Storus said that simply placing an Eliot House look-a-like across the River would be “intellectually dishonest.” “Would Ford produce a car that looked like the Model T now?” Storus jokingly questioned.“These buildings look the way they do because they have embedded in them a political structure, a social structure, and also a technological structure,” he said.Storus said that...

Author: By Charles J. Wells and Courtney P Yadoo, CRIMSON STAFF WRITERS | Title: Students Plan House Renewals in GSD Studio Course | 11/24/2008 | See Source »

...panel Wednesday in the House Banking Committee, all three, after being repeatedly reproached for flying separate corporate jets to Washington to beg for money, refused to pledge that they would fly home on commercial planes or sell the company jets. Two of the three - GM's Richard Wagoner and Ford's Alan Mulally, who last year made a combined $37.4 million - also refused to give up their annual salaries. All the while, the trio, rounded out by Chrysler CEO Robert Nardelli, proclaimed their innocence for the mess their companies are in, laying the blame largely on an unprecedented credit crunch...

Author: /time Magazine | Title: Congress Sends Detroit Execs Back — With Homework | 11/20/2008 | See Source »

...plan to Congress that shows them a viable General Motors," said GM spokesman Greg Martin. "We agree completely that there must be accountability to U.S. taxpayers for government support that enables automakers to continue their restructuring and to ensure a stronger, more competitive auto industry." For its part, Ford, which is the strongest of the Big Three and, many believe, capable of surviving the fallout from a GM bankruptcy, said, "We have a great plan that will continue Ford's transformation into a lean, profitable company that delivers the safe, fuel-efficient, high-quality new products that our customers want...

Author: /time Magazine | Title: Congress Sends Detroit Execs Back — With Homework | 11/20/2008 | See Source »

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