Word: painfully
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Dates: during 2000-2009
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That's why benefits are the next big target. For every employee who makes $75,000, a company typically spends $30,000 more in benefits. So for employees who still have jobs after cost-cutting layoffs, the potential for more pain lies ahead. Health insurance is traditionally the revenue drain that budget hawks focus on, with costs averaging $10,000 per employee (about $6,000 for singles and $14,000 for those supporting a family). "I expect that by January, the number of people without health insurance will rise above 50 million as companies scale back," says Bruce Raynor, president...
...each employee who earns $50,000. For those who are single and earn more than $100,000, matching 401(k) contributions can cost a company $6,000, as much as health insurance might. And employees are less likely to object when 401(k) contributions get trimmed. "The pain is further away," says Edholm. "A 45-year-old isn't going to see any retirement money until he's 65, so he figures he's got 20 years for his investment results to make up for any cuts...
...bailout won't spare GM or its workers pain. Assuming the government bridges GM to the future - or provides debtor-in-possession financing in a bankruptcy - there is still a ton of restructuring to do. The company operates 21 plants in North America and has three more that are scheduled to close. But Grant Thornton's Rodriguez says that still leaves five to go to match demand. "They still need to take structural steps: reduce suppliers, reduce the number of plants, reduce the cost structure and get rid of excessive debt." Most analysts say GM has to dump underperforming brands...
...after two months of dialysis using heparin produced by Baxter, Bonnie Hubley was rushed into intensive care. She had developed diarrhea, vomiting and eventually severe pain in her chest and abdomen. She deteriorated rapidly and by Dec. 19 was unconscious and on a breathing tube. Stunned doctors at the Toledo, Ohio, hospital told Leroy there was no hope. "She was gone," he says. So with "Christmas carols playing in the background," he says, "we said our goodbyes, and my wife of 48 years drifted away...
...rode into the 2008 MTV Music Awards on an elephant and spends most of “Thr33 Ringz” trying to convince the listener that he is the “ringleader” of R&B, T-Pain does little to push the envelope on his third album. I wasn’t expecting his signature use of Auto-Tune to be abandoned in an attempt to expose a hidden, Nas-like flow or a melodious, Usher-like voice. I was hoping for an album of infectious tunes on par with previous hits like...