Word: noted
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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...
...newspaper—resulted in world-wide riots by Muslims, some of which turned violent. Newspapers across France and Europe reprinted the cartoons in support of the freedom of the press. Four of those cartoons appeared in The Harvard Salient on Feb. 8. In the editor’s note that accompanied the cartoons, Gorton wrote that his decision to republish them was meant to inform readers. “By refusing to run the cartoons, Americans have no idea how ‘offensive’ they are. The ensuing death threats, riots, murders and laying siege to embassies...
...against him, it does not mention that in the summer of 2005, the criminal charges were dismissed and the no-trespass order was modified to allow Mr. Herms on Harvard property for certain specified reasons (which do not include distribution of fliers on campus). The article also neglected to note that it was Mr. Herms, not the HUPD, who voluntarily showed the Crimson a letter from Harvard detailing the University’s allegations of improper conduct by Mr. Herms, which led to the no-trespass order...
...Republicans are confident that Hyde's conservative legacy remains very much alive in the west suburban District. And they note that Roskam, while criticized as too far right for a district becoming more diverse, is a loyal Bush supporter running in a district that voted for him in 2004, even as the President handily lost the state as a whole...