Obama Pays Back the UAW
Tue, 28 Apr 2009 16:18:52 -0700
Chrysler is no more. Obama will give the UAW 55% ownership stake in the company as well as seats on the board. From Bloomberg:The United Auto Workers union's retiree health-care fund will own 55 percent of Chrysler LLC in exchange for cutting in half the automaker's $10.6 billion cash obligation to the trust, people familiar with the matter said. Under the terms of the contract, the trust would get representation on the company's board of directors, said two people briefed on the deal, who aske
Odds And Ends
Tue, 28 Apr 2009 16:32:18 -0700
Swine flu has spread to schools throughout the city. Two people are hospitalized and city Health Commissioner Tom Frieden says "many hundreds" of sc
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