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...years. However, that always depended on the health of the company. The promise is now suspect, says Stephen Diamond, an associate professor of law at Santa Clara University in California who has studied the auto-industry VEBAs. Last summer, the UAW allowed GM to defer a $1.7 billion payment to the trust. The company's next scheduled payment of $4 billion is due in December...

Author: /time Magazine | Title: Should Taxpayers Bail Out GM's Retirees? | 11/27/2008 | See Source »

...collection is personal, the table of contents of my life. I have baby teeth and ticket stubs, my first license, my last loan payment, the rehearsal bouquet made from the ribbons from my bridal shower, and a shoebox full of key chains and charms and snow globes. Souvenir means "to remember"; I wonder why we tend to associate the word with the tacky and tasteless, rather than with the most precious collectible of all: the memory of the moments that make...

Author: /time Magazine | Title: Barack Obama, and the Rush For Election Souvenirs | 11/26/2008 | See Source »

...John Michael Hayes, 89, was a prolific screenwriter who worked with Alfred Hitchcock on films such as Rear Window and To Catch a Thief. After a dispute over payment and writing credit ended their partnership, Hayes went on to solo projects such as Peyton's Place...

Author: /time Magazine | Title: Milestones | 11/26/2008 | See Source »

...member of the Boston City Council, was arrested on Friday morning on charges of corruption and lying to federal agents, according to a statement from the Massachusetts U.S. Attorney’s Office. Turner, a Kirkland House alumnus, is accused of accepting a $1000 payment in August 2007 from a person looking to obtain a liquor license for a proposed club in Roxbury called “Dejavu”. The meeting was caught on hidden video, according to an affidavit filed by FBI Special Agent Krista L. Corr. In addition, Turner allegedly denied accepting the payment when questioned about...

Author: By Michal Labik, CRIMSON STAFF WRITER | Title: Alum Arrested on Corruption Charges | 11/24/2008 | See Source »

...them don't give a damn about what's happening to us," said Angela Butler, 49, a school custodian who, after going on disability two years ago when she suffered a stroke, refinanced her four-bedroom Miami Gardens house to a lower, adjustable rate - only to see her monthly payment shoot up almost $1,100 this year. "All the dominoes are falling on top of us out here," Butler added, gripping her cane, "and they're just sitting up there behind their desks takin' care of the banks...

Author: /time Magazine | Title: Grass-Roots Efforts Aim to Ease the Foreclosure Crisis | 11/20/2008 | See Source »

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