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...which now oversees and funds retiree health care. The resources devoted to the VEBA have been badly depleted by the bankruptcies at GM and Chrysler, creating doubts about how long they can sustain current benefit levels. The danger is that with thousand of union members retiring early in the past three years, the $21 billion in VEBA assets could be drained before the retirees qualify for Medicare...

Author: /time Magazine | Title: Bob King Picked — Not Elected — To Lead UAW | 12/18/2009 | See Source »

...what the selection meant to past Persons of the Year...

Author: /time Magazine | Title: TIME's People Who Mattered 2009 | 12/17/2009 | See Source »

...respond in the 48 hours between when I thought of this idea and when the column was due. Which is how I decided on the Google guys, Sergey Brin and Larry Page. They have a publicist who returns e-mails. And if I've learned one thing these past 10 years, it's that without the help of a high-level exec at their company, there's nothing a man can do to stop his No. 1 Google image from being a high school photo of himself at the Jersey Shore with a mullet down to his butt...

Author: /time Magazine | Title: And the Decade Goes To ... | 12/17/2009 | See Source »

...Colombia (FARC) were operating openly in Venezuelan territory and were behind many of the shipments. "The Venezuelan government is either incapable or complicit in this traffic," he said, speaking with a frankness uncommon among Latin American officials. His forces had found more than 50 such small planes within the past year...

Author: /time Magazine | Title: Behind the Murder of Honduras' Drug Czar | 12/17/2009 | See Source »

...Complicating matters is the fact that Damnjanovic has ties to U.S. defense contractors like KBR and General Dynamics, according to the same UNDP report. Both companies have hired Damnjanovic's companies in the past to ship equipment on behalf of the U.S. military. "The case study of the career of Tomislav Damnjanovic illustrates how smart arms smugglers work within and outside the law, trafficking to rogue states and African dictatorships under U.N. sanctions while at the same time supplying arms on behalf of some of America's biggest companies, such as General Dynamics and Kellogg, Brown and Root," the UNDP...

Author: /time Magazine | Title: New Job for Ex-Soviet Pilots: Arms Trafficking | 12/17/2009 | See Source »

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