Word: lynch
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...Ironically, while the buyout agreement could help cut GM's payroll, it could also end up exacerbating its other major problem, crippling employee retirement costs. John Murphy, the auto analyst for Merrill Lynch, warned in a note to investors, "The accelerated retirements at GM may result in a lower active headcount, but further exacerbates GM's already heavy burden of 2.5 retirees to active workers. Furthermore, GM continues to structurally shrink as it loses market share in the U.S., which means that a smaller company is supporting more retirees. Until GM stabilizes market share, rationalizes capacity at every point...
...Murphy, the Merrill Lynch automotive analyst, said in a note to investors that a strike remains a very real threat as long there is no agreement on issues beyond the buyout proposal. Delphi chief executive Robert "Steve" Miller is pressing for more concessions and has said he will petition the court next week to set aside the company's existing labor contracts if there is no agreement with the UAW and other unions. Last fall, Miller briefly proposed cutting the wages of Delphi workers by 63%; the union has warned that a strike is possible if the court imposes...
Look out this Monday or Tuesday for the release of Cinematic 4, featuring five articles on David Lynch (cover shot captured from Blue Velvet!) and reviews of Motorball, Crash, etc. All 56 pages of the proof are in, despite early rumors that the magazine was dead in the water?...
...organized by the Institute of Politics (IOP) and co-sponsored by the Shorenstein Center. “I thought Dan Rather was very honest and very responsive to the questions,” said Jeanne Shaheen, the director of the IOP. Rather was invited to speak by Dotty Lynch, an IOP fellow and political editor at CBS News. —Staff writer Claire M. Guehenno can be reached at guehenno@fas.harvard.edu...
...with a record performance in the 200 medley relay, as Cromwell, Rathgeber, freshman Bill Jones, and sophomore Pat Quinn combined to finish in 1:27.67—setting a new team and meet record. The Crimson continued to dominate, winning the next three events. Freshman Eric Lynch snagged first in the 1000-yard freestyle, finishing only 0.03 seconds ahead of Princeton’s Robert Griest. Sophomore Sam Wollner also finished fifth. “There’s just one gear for [Lynch] when he swims, and it’s not often that he runs people down...