Word: fording
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Dates: during 2000-2009
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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...
...which has the largest number of retired employees, will have transferred some $23 billion to the new Voluntary Employee Benefit Association (VEBA), created by the contract. (That amount includes the $13.5 billion GM has already injected into the trust, plus another $9.5 billion yet to be contributed.) Ford owes $13.6 billion to its VEBA, and Chrysler, which doesn't make its finances public, owes between $6 billion and $9 billion to its new retiree-health-care trust...
From the union's perspective, the health-care benefits always represented deferred wages, says Jerry Tucker, a former member of the UAW board. In addition, as GM, Ford and Chrysler have cut their blue-collar payrolls in half, from 300,000 to 150,000, over the past three years, the health-care benefits have become more important, he says. "More than two-thirds of workers taking early retirement aren't eligible for Medicare. A lot of them didn't even want to retire," he says. UAW president Ron Gettelfinger said in the fall of 2007 that the VEBA trusts would...
...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...
...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...