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...days, $750 million was enough to develop a new Cadillac Escalade that would return a variable profit of $10,000 a vehicle. No more. For a restructured GM, the opportunities to produce a return on investment will be a lot more challenging than in the past...

Author: /time Magazine | Title: Even with a Bailout, GM's Profit Prospects Look Bleak | 12/3/2008 | See Source »

...Vice President Jimmy Settles, who negotiated a $4 per hour wage cut in return for new investment at a Mitsubishi plant in Normal, Ill. said he wasn't sure the modifications to the Big Three contract should include major wage cuts. "Mitsubishi represents less than 1% of the U.S. market," he said. Gettelfinger, however, made it plain that the situation was dire. "Even if all of our members were willing to work for nothing, it wouldn't help the automakers out of the situation they are in," Gettelfinger told reporters after a union meeting in Detroit, also noting that...

Author: /time Magazine | Title: UAW agrees to Concessions With Automakers | 12/3/2008 | See Source »

...economic health of the nation. You cannot repair this economy if you can’t repair those families, and I’m not sure the people directing the bailout see that as their job,” she said in the article. Warren did not return requests for further comment yesterday. She said that flat wages, low savings, and high debt have left American households in financial limbo over the past few years. Warren, who was appointed to the four-member oversight committee by Senate Majority Leader Harry Reid, said that asking the right questions will be crucial...

Author: By Sofia E. Groopman, CONTRIBUTING WRITER | Title: Harvard Law School Professor Criticizes Bailout Plans | 12/3/2008 | See Source »

...interrelated world. We know today that investing in health is the best way to create prosperity and security for everyone.” All three panelists noted the economic benefits that come with increased efforts in the area of global health. “The rate of return on vaccinations is at least as high as benefits of education,” Bloom said. Venkayya also spoke about going beyond throwing money at the problem. “Buying vaccines and medicines will only get you so far. Other things require a more sustained commitment,” Venkayya said...

Author: By Lauren J. Vargas, CONTRIBUTING WRITER | Title: Institute of Politics Hosts Global Health Panel | 12/3/2008 | See Source »

...While offering little return on investment to the United States, missile defense has cost America immeasurably in the diplomatic arena. In 1986, Ronald Reagan and Mikhail Gorbachev were on the verge of agreeing to a “double-zero” deal in which both the U.S. and the Soviet Union would eliminate their entire nuclear stockpiles—and with them the specter of nuclear war at large. But Reagan’s refusal to surrender his “Star Wars” missile defense shield scuttled the agreement. More recently, the Bush administration?...

Author: By Dylan R. Matthews | Title: The First Cut is the Deepest | 12/3/2008 | See Source »

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