Deficit surges at agency that insures pensionsSource: Yahoo! News
The agency is closely monitoring the auto, retail, financial services and health care industries, all in financial distress. The PBGC estimates that pension underfunding in the auto sector alone is $77 billion.
When will they call it a DEPRESSION?Source: motleyfool
Factory after factory operating at 50% capacity is not a recession, it is a DEPRESSION....and a catastrophic one at that with the entire nations exports DOWN 50% for an export based economy.........
In America, new home sales are down 75% from peak, auto sales down 50%, Pre Cl …
U.S. to give Chrysler, GM new aidSource: Reuters
WASHINGTON (Reuters) - The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors Corp restructure outside of bankruptcy, an inde …
Why are UAW contracts less important than AIG contracts?Source: Daily Kos
Why is it that the hundreds of thousands of UAW members have to make concession after concession in order to get a small amount of relief, but the same banks that are using bailout money to fight against the Employee Free Choice Act or to pay ridiculous bonuses to undeserving emp …
A Race to the Bottom By BOB HERBERT Source: The New York Times
Ms. Weingarten was raising a cry against the demonizing of teachers and the widespread, uninformed tendency to cast wholesale blame on teachers for the myriad problems with American public schools.
Bob Herbert: A Race to the Bottom Source: The New York Times
The U.A.W. has been criticized because its retired workers have had generous pensions and health coverage.
Michelle Malkin's Blog Of Hate: No Bailout For Auto WorkersSource: The Daily Banter
The spiteful Michelle Malkin was apoplectic that a bailout deal was reached to save the American auto industry yesterday (although the deal is now floundering due to Republican opposition, and still has not been resolved).
Obama proposes $210 billion for new jobsSource: Yahoo! News
...Democrat Barack Obama said Wednesday that as president he would spend $210 billion to create jobs in construction and environmental industries, as he tried to win over economically struggling voters.
The UAW's Health-Care DreamsSource: Reason Magazine
It is not within the power of United Auto Workers President Ron Gettelfinger to save GM, Ford and Chrysler. But it is certainly within his power to kill them. Whether he chooses to do so will soon become clear.