Word: deeping
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...does GM get out of this mess without a trip through bankruptcy court, which could conceivably lead to a breakup of its storied brands? The company's problems run so deep that only a major overhaul could do the job--and then only if a smooth road lies ahead. Wagoner is getting plenty of advice about how to fix things, from cutting GM's $1.1 billion stock dividend to demanding deeper wage-and-benefit cuts from hourly workers. A confrontation over labor issues is looming, in fact, since GM's contract with the United Auto Workers (U.A.W.) expires in September...
...bloodletting promises to be deep and wide and painful. Impatient with [chairman Robert] Stempel's slowness in carrying out plans to close 21 of GM's 120 North American plants and cut 74,000 of its 370,000 employees over three years, directors now want to eliminate a total of 120,000 jobs during the decade ... "It's going to be brutal," warns a GM director. "If the unions won't cooperate, GM will have to play real hardball. We don't even have the luxury of thinking about a product strategy. We aren't going to be thinking great...
...workers, while Detroit languishes? For example, in the first quarter of 2005, Nissan made $1,603 on every vehicle sold in North America, while GM lost $2,311, according to Harbour Consulting. For starters, the transplants, generally with reputations for higher quality than American brands, don't offer the deep discounts that U.S. makers employ. And foreign manufacturers don't carry the legacy costs that drag U.S. companies down. Workers at foreign companies' nonunion shops make roughly the same in wages and benefits as unionized employees in Detroit. But Asian and European firms, with younger workforces in the U.S., aren...
...Hike Destinations to restore your sense of wonder Lego bricks - interwoven with Swarovski crystal, Venetian glass and semiprecious stones. Of the pieces on display, Manoonphol cites the I Can Fly necklace as his favorite: it features a stuffed caterpillar adorned with bejeweled wings and spiky vinyl beads of deep purple. Don't feel like braving the traffic? Then Monoonphol might come to you, assuming you have sufficient cachet. He drops in on society ladies, and personally attended to Whitney Houston when she was in town, carting his collection around in the trunk of his BMW. If the buzz is anything...
...White House, I'd often run them by Hugh and I'd find he'd have nuggets like how the 41st president loved to email friends racy jokes and how father and son had stopped talking about the war. Indeed, Hugh was the first to flag for me how deep the rift over Iraq was between allies of the father and son presidents. He also understood the Reagan family dynamic better than anyone. And he was always endlessly supportive to those of us who followed him, offering advice and counsel and encouragement. When I faced a possible prison sentence last...