Word: cashed
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...environmental and social change have hit Greenland hard and fast. In Nuuk, drying musk ox hides hang over the balconies of the monolithic blocks of public housing that absorb exiles from the quickly emptying outlying villages stationed around the island's rocky fringe. The island's transition to a cash economy has rendered subsistence hunting a less and less viable way to live, and the effects of climate change on sea ice has made hunting seasons shorter and less predictable. Poverty, alcoholism and high suicide rates haunt the population. Alfred Jakobsen, deputy minister of the environment in the Home Rule...
...could end up paying 60 to 70 cents on the dollar of its $50 billion obligation to establish the trust. But investors have been pushing for a VEBA since Goodyear set up a similar plan with the United Steelworkers last year. Wall Street, after all, hates uncertainty and loves cash flow, and a VEBA would once and for all limit how much GM spends on its retirees--a savings of about $2.5 billion a year--enough for GM to fund a new car program and a more efficient engine every year. "With the health-care burden gone, GM becomes...
...industry? It would certainly help. Once GM sets up a VEBA, Ford will probably follow. Chrysler, which became a privately held company in August and has far fewer retirees, has so far balked. "It's not our issue," says a Chrysler official. The companies can use the freed-up cash to spend on developing and selling better cars to take on Toyota, which this year surpassed GM in sales. But that's in the long run. In the short run, funding the trust could put carmakers in a tighter cash squeeze unless they raise the money by floating stock...
...child-abuse and sexual-predator laws. In 2005, Jeffs was indicted for sex crimes in Arizona and Utah and became a fugitive. A year later, he was on the FBI's 10-most-wanted list until his arrest in August 2006 in Las Vegas. Police found $53,000 in cash as well as cell phones, wigs and laptops. When he appeared at preliminary hearings, he seemed even more gaunt than before. He was reported to have gone for days without food or water and knelt so long in prayer that he got ulcers on his knees...
...Lingus pilot who landed the top job there in 2001) quickly got to work cutting the figures down to size. On his first Monday at BA, he set about reaching a deal with trade unions to rub out the pension's deficit over the next decade through one-off cash injections and changes to employee benefits. Two months later, "Slasher," as Walsh was known while rescuing the Irish carrier from the brink, cut hundreds of senior managers. Soon afterward, he unveiled a blueprint for shrinking BA's costs by close to $1 billion, partly through further job cuts. With fewer...