Word: laws
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Okay, so the part about labor terrified me. Is it really that bad? Let me put it this way: I remember being in a certain point in labor and the pain is almost too much to bear. My mom is there, and my sister, and my sister-in-law and they've each had multiple children. I turn to them and say, "Does it get worse than this?" And they look at each other and say, "Don't tell her. No no no, don't tell her." And they all shake their heads and they won't tell...
...window is up for restructuring GM outside of bankruptcy. The biggest challenge for GM remains fashioning a plan acceptable to the UAW, which represent GM's 62,000 workers, and its bondholders, mostly banks and other large institutions, which are owed some $27.5 billion and by law are first in line to get paid back. It's fairly clear the Administration wants to make bondholders eat huge losses - or make them try their luck in bankruptcy court. "No bankruptcy judge is going to rule against GM and its plan. Not for labor, not for bondholders, that's for sure," says...
...Wall Street firms make money when people are in pain," says Frank Partnoy, who once traded credit-derivative contracts at Morgan Stanley and is now a law professor at the University of San Diego. "I don't know if that is what is happening, but if the question is whether banks would converge on a dying body - the answer is, Absolutely...
...also beyond what was expected. In June 2007, Bostick issued a written order to the 5th Recruiting Brigade and its Houston battalion requiring commanders to clarify the battalion's fuzzy work-hour policy, which could be read as requiring 13-hour workdays. He demanded a new policy "consistent with law and regulation." The brigade and battalion commanders ignored the order...
...outwardly it's business as usual for North Korea, internally, things have changed. Analysts say Kim is being aided in running the country by his most trusted deputy, his brother-in-law Chang Sung Taek, the husband of Kim's younger sister Kim Kyong Hui. Chang, 63, oversees North Korea's State Security Agency, which includes the regime's notoriously brutal secret police. That position alone, analysts say, makes it unthinkable that Chang is anything other than a hard-liner. He climbed the ranks of the ruling party much more quickly than most; more than a decade ago, he began...