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GM Plans Pay Cuts For Salaried Workers
17 hours ago ago from Economy News, Lake Economy
Every week there are stories involving workers voluntarily, or involuntarily involved in pay cuts. Kicking this week off, General Motors Said to Plan Pay Cuts for Salaried Employees . General Motors Corp., racing to meet U.S. conditions to keep $13.4 billion in government loans, will include pay cuts for salaried employees in a restructuring plan to be submitted Feb. 17, people familiar with the plan said. The pay cuts will be in addition ...
Related contentDetroit saga continues: GM repayment, Chrysler not, Saab's last hope | Best Car Ever
11 hours ago ago from Newest cars, motorbikes, concepts and events from all around the world | Best Car Ever
Looking back, 2009 has been a momentous year for the U.S. auto industry. Two of Detroit’s “Big Three” declared bankruptcy and took billions in government loans to survive. Chrysler was sold to Italian automaker Fiat. Car sales nosedived by about 40 percent. And General Motors cut the number of brands it sells in half. Indeed, these are historical times, and it’s not over yet. In the final weeks of the year, the automakers are trying to ...
Related contentObama: Slip-sliding away.
19 hours ago ago from Classically Liberal
How true it is. The most recent Rasmussen poll compared Obama's popularity, at this point in his term, to every president since Harry Truman, who ended his presidential career almost a decade before Obama was born. Obama came in dead last.
Related contentLate Night Political Humor
11 hours ago ago from Political Irony
Yesterday, President Barack Obama accepted the Nobel Peace Prize from the Norwegians. This comes almost two weeks after Tiger Woods was crowned by a swede. – Jay Leno The president got the Peace Prize yesterday. That was a big event yesterday in Norway. Yeah, yesterday in Norway, President Obama gave a speech accepting his Nobel Peace Prize, and Will Smith was in the crowd. Did you know that? Will Smith was sitting in the crowd. Amazing. ...
Related contentDooDoo Economics
4 hours ago ago from Heterodox Thoughts
George H.W. Bush famously stated that Ronald Reagan was proposing voodoo economics. Time has proven the elder Bush at least somewhat wrong. The supply-siders did get some things right, among them the idea that marginal tax rates (at some point) do matter. But their notion that tax cuts would pay for themselves is as laughable today as it was nearly 30 years ago. Today we have many economic charlatans peddling what are essentially ...
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