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...voluntary employee benefit associations, or VEBAs, that is due next year. The VEBAs were created to help finance health care for retired workers. "This was a huge gamble for Gettelfinger," says Shaiken. Gettelfinger also suspended the controversial jobs bank, cutting off payments to some 3,600 workers idled by plant closings at the three companies. According to the local's website, the demand for board representation was linked to these concessions...

Author: /time Magazine | Title: Bailout Tactics: UAW Prepares for Its Next Move | 12/8/2008 | See Source »

...industry has been extremely proactive," says Russill of the Energy Saving Trust. Philips is making some of the biggest bets. Over the past two years, it has spent more than $4 billion on acquisitions aimed at positioning itself as a leader in digital, low-energy lighting. The plant outside Antwerp belonged to the consumer-lighting market leader Partners in Lighting, which Philips bought in 2006. The company followed that purchase a year later with the $2.7 billion acquisition of Genlyte, a big U.S. player that makes lights for offices, highways, factories and outdoor advertising. Those deals come...

Author: /time Magazine | Title: Lighting: Bright Idea | 12/4/2008 | See Source »

Among the more serious complaints against the plant proposal was its potential danger of disrupting local bird and fish habitats, but recently, even the U.S. Fish and Wildlife Service has determined that the wind farm will not be detrimental to either. Moreover, this has not been the only outside body to support this project: The Audubon Society, a national wildlife conservation group, has also given Cape Wind its backing...

Author: By The Crimson Staff | Title: In Our Backyard, Please | 12/4/2008 | See Source »

...project, but it is shortsighted to ignore the positive potential for job creation and the need to invest in sustainable energy. From the economic crisis to our current dependence on foreign oil, it is undoubtedly clear that the United States needs clean, domestic energy. Estimates have shown that this plant will provide three quarters of the electricity needs for Cape Cod—relief that we need now more than ever...

Author: By The Crimson Staff | Title: In Our Backyard, Please | 12/4/2008 | See Source »

...past prejudices about the quality of tequila, Suros explained that poor tequila was produced beginning with the outbreak of World War II. The liquor exports of Europe declined and because tequila was made in the Americas its sales skyrocketed in the United States. But demand severely outpaced supplied. The plant used to make tequila, agave, takes an average of eight to ten years to fully mature. As a result, “mixto tequila,” watered-down tequila mixed with unknown materials, was shipped to the United States to feed the demand. This scared Americans of the taste...

Author: By Anthony J. Bonilla, CONTRIBUTING WRITER | Title: Siembra Azul Chief Talks Tequila | 12/4/2008 | See Source »

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