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...Ohio, announced it would freeze defined benefit pensions plans for salaried employees and replace with a defined contribution benefit plan that includes about 3% of a worker's annual salary. "Unfortunately, this extraordinary global economic downturn requires significant and rapid measures to reduce our costs in light of sharply lower order levels from our customers," James L. Wainscott, AK Steel's CEO, said in a statement...
...Friday, lawmakers on the House Banking Committee will get their second round with the Big Three. And if the hours of grilling in the Senate seemed tough, they are sure to face much more skepticism from the lower chamber of Congress. Senate Majority Leader Harry Reid and Pelosi have said that if both committees approve of Detroit's recovery plans, they will call Congress back into session next week to pass a bill. Of all the compromises open to lawmakers, one thing is nearly certain: the bigger and more complicated the plan, the less likely it is to pass...
...Mino's 1.5-incher "small" even for 11-year-old eyes), they felt the Kodak unit was too confusing overall. They didn't understand the "extra buttons"--a teensy joystick and two buttons that allow you to record, play back and delete, as well as zoom or switch to lower, less-memory-consuming video quality. They abandoned the Kodak after half an hour...
...ultimate showdown. Outrage over its capricious rankings spurred Senate hearings in 2003 and a congressional inquiry in 2005. A 2007 Gallup poll found that only 15% of fans would balk at scrapping the present format for a tidy year-end tournament. This year, that number is probably even lower in the Lone Star State...
DIED V.P. Singh, 77, was Prime Minister of India from 1989 to '90. His decision to reserve a fixed percentage of public-sector jobs for India's lower castes sparked riotous protests--and cemented his reputation among the poor as "India's Mandela...