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...Wall Street Journal editorial. The task force has made it clear that GM can't afford the renegotiated wage-and-benefits package the UAW agreed to in 2007. Even using GM's best-case scenario, the company projected a negative net cash flow of $14.5 billion over the next six years. Most of that deficit can be accounted for in retiree health and pension benefits - which means that one way or another, the hundreds of thousands of UAW retirees are probably going to get a lot less health coverage. The outlines of a plan are likely to be drawn...

Author: /time Magazine | Title: Can Detroit Be Retooled — Before It's Too Late? | 4/2/2009 | See Source »

...Japan and Germany, which both provide government subsidies to companies who keep on workers even though there's little or no work for them to do. Both have recently extended their schemes. In Germany, the government now subsidizes companies and idled workers for a full 18 months, up from six months, and the number signing up for the so-called short-work programs is soaring. In February, 724,000 workers were registered, more than double the number in January and 20 times the number a year ago. Most of the nation's auto makers including BMW and Porsche have adopted...

Author: /time Magazine | Title: Can These Jobs Be Saved? | 4/2/2009 | See Source »

...Services Web site states that out of 61 percent of students entering the employment sector after graduating in 2008, 2 percent took jobs in government and 1 percent joined the military. In 2008, the CIA hosted five recruitment events at Harvard, including career fairs, conferences and job fairs. Only six events were held for the entire Boston area in the same year. In total, 1,000 CIA recruiting events were held across the country last year. Deb Carroll, assistant director of the Office of Career Services for employer relations, said that “the number of students who attend...

Author: By Margherita Pignatelli, CONTRIBUTING WRITER | Title: Harvard CIA App Numbers Steady | 4/1/2009 | See Source »

...accepting fewer applicants than ever. This year, Harvard College turned away 93 of every 100 applicants. “Harvard is one of the few schools around the country that turns away more than it accepts, so now you have perspective,” explained Steinberg. The blog features six high school seniors who are currently receiving admissions decisions. The students discuss their reactions to acceptance, wait list, and rejection letters. The blog also aims to educate applicants and their families about the financial aid process. Several students on the blog discuss how the aid packages will have substantial influence...

Author: By Samantha C. Cohen, CONTRIBUTING WRITER | Title: NYT Launches Admissions Blog | 4/1/2009 | See Source »

...affairs. "We knew that they were close to a deal, but the Israelis didn't tell us how close."... Official sources say that earlier that same morning, [Israeli Prime Minister Benyamin Netanyahu] had himself embarked upon an epoch-making visit to Syria, touching down in Damascus International Airport only six minutes after President al-Assad arrived in Tel Aviv...." [April Fools!] (Read about the top 10 April Fools' pranks in history...

Author: /time Magazine | Title: Fake Pandas! And Other April Fools' Day Hoaxes | 4/1/2009 | See Source »

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