Word: unionism
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...world's largest automaker is desperately trying to hammer out a new contract that would shift the burden to the United Auto Workers (UAW), the union that represents 73,000 of GM's employees and nearly 270,000 retirees. The company wants to fund a health-care trust, administered by the UAW, to pay for retirees' medical needs. The union's old contract expired Sept. 14, and the creation of that trust has emerged as the principal stumbling block to a new one. An eventual deal looks likely; the two sides are haggling furiously over exactly how much GM will...
...this case it's the unions that will have to bear the risk of hikes in health-care costs. The UAW will have to face the same hard choices the automakers do: balancing rising expenses with limited funds and a promise to cover everyone. "They cannot control it. They can't," says Uwe Reinhardt, an economist at Princeton University and an expert on health policy. "The union will just lose that deal." And before long, he says, the UAW will find itself having to limit choices, reduce costs and ask members to contribute money to keep the plan afloat...
EHUD OLMERT, Israeli Prime Minister, after the arrest of eight young neo-Nazis for attacking Jews and foreign workers and announcing their allegiance to Adolf Hitler in recently surfaced videos. The offenders, who each have only distant Jewish heritage, immigrated to the Jewish state from the former Soviet Union in the early 1990s...
...suggested in a Wall Street Journal editorial that the U.S. extend the Nunn-Lugar Cooperative Threat Reduction program into North Korea. Operating out of the Defense Department, the program secures and dismantles nuclear weapons left over from the Cold War that are lying in Russia and the former Soviet Union states. Senators Lugar and Nunn propose that Nunn-Lugar inspectors from Russia and the U.S. run a similar program in North Korea. Putting more high-quality inspectors on the ground in North Korea will help hold the North to higher inspection standards.Finally, the U.S. should hold off on lifting economic...
Peskov ascribed the West's unease to both a historical chauvinism against Russia and a rigid desire to see Russia do exactly as the West does. "Some people don't understand that the Soviet Union is over. They face a completely different state, with different attitude," he said. "We are a country that shares the heart of international European values, but that is not going to repeat everything from A to Z." And Putin's vision for Russia? "I think what is wanted is that Russia is a powerful state," said Peskov, "with a prosperous population, being able to compete...