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Retiree health care now cost GM $3.3 billion per year and retired hourly workers account for three quarters of the annual bill, which also represents a substantial piece of GM's labor costs of $73.26 per hour. The cost is $25 to $30 per hour more than the labor costs of Asian rivals such as Toyota and Honda that have plants in the U.S. The creation of the VEBA could eliminate as much as one half to two-thirds of the gap virtually overnight...

Author: /time Magazine | Title: GM Ends Strike, Tries Health Plan | 9/26/2007 | See Source »

Calm as the horizon, lying flat on his stretcher with his stolid wife and 50-year-old son in chairs beside him, Nick was down. About an hour earlier he had bent over to put on his socks and his leg had collapsed. So his wife and son dragged him to the car, and here he was in my hospital...

Author: /time Magazine | Title: A New Replacement for Hip Replacements | 9/25/2007 | See Source »

...system,” Sonny Vaccaro said to me following his speech at Harvard Law School.This, coming from the man who had spent much of the last hour and a half, as well as the last four decades, ripping “the system” (also known as the NCAA) a new one, seemed like somewhat of an understatement.Vaccaro, advertised by the Law School’s Committee on Sports and Entertainment Law as the “Godfather of Basketball,” took the crowd from his humble beginnings just outside of Pittsburgh in Trafford...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AMOR PERFECT UNION: Sonny Vaccaro and the Ivy Way | 9/25/2007 | See Source »

More than 4,000 Harvard alumni will join the roughly 1,000 undergraduates enrolled in Moral Reasoning 22, “Justice,” this fall, making the class the first College course available to alumni via online video streaming. Alumni will watch 24 hour-long lectures given by Bass Professor of Government Michael J. Sandel in fall 2005, the last time the course was offered, and they can discuss the course through blogs specially set up for alumni. Sandel will also hold a two-hour long virtual office hour session, according to “Justice Online...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: For Alums, ‘Justice’ Served Online | 9/24/2007 | See Source »

...draw, I was told—what tens of thousands of people were coming to see—as the “movie on the water”: a two hour screening on a sheet of water created by continuously shooting jets in the middle of the lake...

Author: By Clay A. Dumas | Title: Shanghai: Nouveau Riche | 9/24/2007 | See Source »

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