Word: union
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...General Motors, where labor strife has lurked below the surface during much of the company's recent history, workers at five different plants who transferred back to GM from its former subsidiary are frustrated by the company's demands for more concessions. Protests by union members are blocking the contract changes deemed necessary by the company. "In regard to the Delphi plants, discussions between GM and the UAW are still ongoing, so no further details are available at this time," says a GM spokesman. (See the 50 worst cars of all time...
...south Asia, according to John Sfakianakis, chief economist for Banque Saudi Fransi in Riyadh and Crédit Agricole in Paris. "The world has always been too focused on Dubai, but Dubai is not the GCC," he says, referring to the Gulf Cooperation Council, a loose political and economic union of gulf nations. "In the short term, Dubai's problems may impact how the world sees the region. But over the long term, the region has and will show a tremendous amount of growth...
...June 2000, though, Greece was lucky enough to join that club. By the skin of its teeth, it met the criteria for admission to Europe's new currency union. First, the drachma's value was fixed to that of hard-money countries such as Germany and the Netherlands, and its long decline against the dollar slowed. Then in 2002, the drachma exited the currency stage, giving way to the euro...
...dozen dancers practically leap out of their tight pants and pedal pushers. At center stage is a huge shoe, which another half-dozen revelers use as a trampoline, performing double somersaults in time to the music. The King looks down, smiling as if in approval of this spectacular union of two crucial elements--one past, one present--of Vegas show biz. Elvis Presley, meet Cirque du Soleil's Viva Elvis...
...initiative dubbed Renaissance Schools, which will try to overhaul perhaps more than 10% of the district's schools over the next few years. Given how hard it would be to find entirely new staffs for that many turnarounds, the city recently renegotiated its contract with the local teachers' union to extend the school day and year in Renaissance schools, where staff will get paid more and potentially receive bonuses based on performance...