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...slide toward insolvency, indicating GM had only $16.9 billion in ready cash reserves in place as of Sept. 30. Buried in the same voluminous report is a note indicating that GM has tucked away another $13.5 billion, in trust, to pay for health care for current and future blue-collar retirees covered by labor contracts with the United Auto Workers...
From the union's perspective, the health-care benefits always represented deferred wages, says Jerry Tucker, a former member of the UAW board. In addition, as GM, Ford and Chrysler have cut their blue-collar payrolls in half, from 300,000 to 150,000, over the past three years, the health-care benefits have become more important, he says. "More than two-thirds of workers taking early retirement aren't eligible for Medicare. A lot of them didn't even want to retire," he says. UAW president Ron Gettelfinger said in the fall of 2007 that the VEBA trusts would...
After the abbey visit, students' reactions ranged from personal to philosophical. Nikki Wyne, 20, a sophomore in blue eye shadow and Jesus-fish earrings, spoke wistfully about the monks' vow of poverty and the simplicity of the service. "Living in the nonmaterialistic environment is, I think, making a huge statement," she said. "I get jittery if I haven't checked my e-mail in an hour...
...writer and psychoanalyst Muriel Teodori, who wrote the Franco-English libretto. First released as a Deutsche Grammophon recording in 2007, the opera recounts the story of Greek immigrant steelworker Dionysos (played by a bearded Sting), who falls in love with an opera diva, much to the consternation of his blue-collar buddies. His stalker-like obsession nearly gets him incarcerated by the police commissioner (a hulking, black-robed Costello), but with a little supernatural intervention by the ghosts of operas past, all ends well...
...questions. But yes, there are issues raised by our experience that will have a long-term effect. There is a very fine line between peacekeeping and peace enforcement. Our mission was equipped for peacekeeping. And as one of my officers says, you don't go to war in blue helmets and white tanks. When we shift from a monitoring group to one that takes on military elements, we have to change the way we operate. We have to acquire different capabilities. We have to ask ourselves: To what extent are we ready? Were our assumptions wrong? Did we bank...