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Automotive News & Views United Automobile Workers of America (UAW)
16705 messages, Last post on Nov 25, 2009 at 6:56 PM
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Replying to: dallasdude1 (Dec 11, 2008 6:19 pm) Isn't that the truth. My FIL worked for LTV when they went bankrupt and now gets his reduced pension from the PBGC. Another example of a poorly run company.
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Replying to: 62vetteefp (Dec 11, 2008 6:15 pm) I would bet that equity loans that were up to 100% are gone for sure. I would think the appraisers are being very careful about over appraising properties for loans. I looked at a foreclosure near me this morning. The bank wanted a minimum 10% down the $540k selling price. That place would have been a bargain last year. I am sure it sold for close to a mil when new in 2006. I am thankful that I am retired with a fairly good income. So many are already hurting around here. Our church has set up a fund to help those in the church that have lost their homes and jobs. We counsel them to move in with family even if they have to leave San Diego. This is not a good place to be without a job. I realize there is no good place to be when you are down and out.
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Replying to: tlong (Dec 10, 2008 8:19 pm) They like CTS better that the rice burners. Apple, Abcrombie Fintch, American Eagle, Dell, Hansen Monster are their picks in the past. How do they do it? |
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| Is it a good time to finance a Navigator given all the incentives available right now or is the car industry still volitle? | |
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Replying to: tlong (Dec 10, 2008 8:19 pm) I have toured plants and most of the easy work has been outsourced. Much like Delphi, Mackie, and others. But outsourced to plants in this country. Then GM has allowed the UAW to organize these plants. The lesser of two evils or better than going overseas? The honey comb consept plant here in Arlington Texas is the latest in cell technology. Unfortunately it was geared to build SUV's. As far as engineering America has no rival. All of the plants I've been to have state of the art equiptment. |
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Replying to: tlong (Dec 10, 2008 8:23 pm) http://www.nolo.com/article.cfm/ObjectID/AAD74992-4C86-44DA-8102A340BCEC520A/cat- ID/D348BE73-C552-4D58-B00586C0C0909EFA/104/150/269/ART/
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Replying to: foresterxt (Dec 10, 2008 8:55 pm) At least 40 percent of all women report being sexually harassed at some point in their career, and men currently account for 11.6 percent of all sexual harassment cases. So, the chances of your company needing to respond to a sexual harassment concern are great. Be prepared, and you will likely deal with it successfully for all parties involved. http://www.nfib.com/object/IO_25824.html |
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Replying to: spirit6100 (Dec 11, 2008 4:35 am) But corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion. The sweeping change to two decades of tax policy escaped the notice of lawmakers for several days, as they remained consumed with the controversial bailout bill. When they found out, some legislators were furious. Some congressional staff members have privately concluded that the notice was illegal. But they have worried that saying so publicly could unravel several recent bank mergers made possible by the change and send the economy into an even deeper tailspin. "Did the Treasury Department have the authority to do this? I think almost every tax expert would agree that the answer is no," said George K. Yin, the former chief of staff of the Joint Committee on Taxation, the nonpartisan congressional authority on taxes. "They basically repealed a 22-year-old law that Congress passed as a backdoor way of providing aid to banks." http://www.washingtonpost.com/wp-dyn/content/article/2008/11/09/AR2008110902155_- pf.html |
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Replying to: dieselone (Dec 11, 2008 6:34 pm) In the pension agency's view, to permit a company to adopt this type of ''follow-on'' pension plan after terminating its original plan is to invite abuse of the pension insurance system. As the agency explained its view to the Court, workers will have every incentive to collude with their employers in the abandonment of troubled pension plans, knowing that the Federal program will cover most of the benefits and a relatively inexpensive new plan will pick up the rest. The result, the agency said, will be an accelerating drain on its resources. But the appeals court ruled that under the Federal retirement law, the existence of a new pension plan of this type was not a basis for the pension agency to order restoration of the old plans. In its appeal, P.B.G.C. v. LTV Corp., No. 89-390, the agency is arguing that the appeals court should have deferred to the agency's professional judgment that misuse of the insurance fund should not be tolerated. http://query.nytimes.com/gst/fullpage.html?res=950DE6D6123EF932A05753C1A96F94826- 0&sec=&spon=&pagewanted=1 Also your right about everything being done on the IPhone. I stand corrected. |
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Replying to: 62vetteefp (Dec 11, 2008 6:10 pm) Depends who you think is more correct. 3 think tank type groups or the Republicans down south with the competitors plants. Just for balance, there's also Milton Friedman, Harvard economist, and a lot of other economists who side with your "Republicans down south with competitors plants". Unfortunately we may find out. Headlines as of this moment are saying the talks have broken down because UAW won't agree to wage cuts. Looks like not much has changed with them.
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