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...tentative Chrysler agreement with the UAW, announced on Sunday, is said to maintain the pension fund and retiree health care fund, though it may include some reduction in healthcare benefits, just as the Canadian agreement does. Guided by the February terms of the original Treasury loans, the deal between the UAW and Chrysler also reportedly includes partial funding of the retiree healthcare trust with equity instead of cash. "We recognize this has been a long ordeal for active and retired auto workers, and a time of great uncertainty," said UAW President Ron Gettelfinger. The deal was reached, Gettelfinger said...
...designing our poll, we tried to get at people's behavior as well as their attitudes. It's one thing to say you are anxious about the future; it's another to raid your retirement fund to pay the bills. We found interesting differences tied to age and gender and income. Young people are much more likely to borrow money from family or friends than older people are, and men are more optimistic than women. In the end, no matter when people think we'll come out of this recession, most say they will continue their new frugal habits...
...program, termed the “UC Weekend Fund” will replace DAPA grants which fund food and non-alcoholic party supplies. DAPA grants are currently administered by the Office of Alcohol and Other Drug Services, which is a division of the Harvard University Health Services. [SEE CORRECTION BELOW...
...over the last several months, something funny has been happening in the commodities trade. After spectacular plunges, the prices of oil, copper, palm oil and others are rallying. This shouldn't be happening given the parlous state of the world economy. The International Monetary Fund this week cut its global growth forecast for 2009, predicting GDP would contract by 1.3%, the most severe recession since the 1930s. Yet oil is some 50% more expensive now than in December. Palm oil, which is used in a wide variety of manufactured foods, has surged by about 50% this year. "The only area...
...they come, and though he hasn't decided, says an aide, "He always has an inclination in favor of an Administration's pick." Younger members of the committee are on the fence. Bob Corker of Tennessee has been sober in the face of outrage over the International Monetary Fund's use of currency reserves to stabilize the global financial system, a favorite Beck bugaboo. Johnny Isakson of Georgia has an unperturbably conservative view of the Executive Branch's authorities. Some may split the difference by grilling Koh, then voting for him on the principle that the President should...