Word: unionizes
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Another popular argument against bondholders is that they made bad investment choices, so their steep losses are well deserved. But union leaders in Detroit negotiated the richest benefits packages of any industry - GM's health-care outlays grew so big that one Wall Street analyst dubbed the company "an HMO on wheels" - and that played some role in the declining competitiveness of GM and Chrysler. Don't the autoworkers and their union leaders bear some responsibility for that...
...Monday, the European Union's health commissioner Androulla Vassiliou told reporters in Luxembourg that she was "not worried at this stage" about a pandemic sweeping across Europe, but she urged travelers to avoid Mexico and the United States anyway. That prompted a swift rebuke from Richard Besser, the acting director of the Centers for Disease Control and Prevention (CDC) in Atlanta, who rejected her advisory as "quite premature." Even so, the CDC website "recommends that U.S. travelers avoid all nonessential travel to Mexico." As for the World Health Organization, it's calling on nations to keep their borders open...
...Mexico, in an effort to cut off the spread of the disease. Cuba and Argentina have temporarily banned flights to and from Mexico, Japan has stopped giving visas to Mexicans who arrive in the country, and France is putting forward a request to suspend all flights between the European Union and Mexico...
...ethics and he lived by it,” Stiles said. “That personal pride drove him all the way through and made him such a ferocious competitor.” From his saving of the economy during the panic of 1869 to his aiding of the Union Navy at President Lincoln’s request, Stiles explained that Vanderbilt led an exciting life but one for his personal benefit. According to the author, “his life played out in an ever going stage against suppressive opponents.” Stiles said he believes that Vanderbilt...
...changes the political equation on some issues. It means, for instance, that Republicans may be unable to filibuster Obama's judicial nominees. And Specter might be willing to reconsider his opposition to the controversial Employee Free Choice Act; his resistance to the measure, which would make it easier for unions to organize workers, all but killed it. While Specter said he would not support the bill in its current form, union officials are now far more hopeful that they can find a compromise that will bring him around...