||Wednesday, May 11, 2005
[Business Week]: United Airlines gained a significant financial victory with court
approval to dump its four pension plans but faces a tough challenge to
win back the support of angry employees.
Oh, we do so like to carry on
about the 'rule of law' and the 'sanctity of contracts' and the
'importance of trust' and 'a man's word is his bond.' But sometimes it
can all be so inconveeeeeeenient...
PS: 'Taxpayers had better buckle up because we will be in for a bumpy ride
of bailout after bailout, as more and more corporations dump their
pension plan obligations on the PBGC,' said U.S. Rep. Jan Schakowsky,
D-Ill., referring to the Pension Benefit Guaranty Corp. that already is
operating at a more than $23 billion deficit.
At least the PBGC will get a bit of equity -- better than the total giveway that so many government subsidies turn out to be.
David Batstone offers up this little gem:
10 x 10
is an interactive exploration of the words and images of history as it
happens. Every hour, the site collects the 100 words and pictures that
matter most on a global scale, and presents them as a single image.
Point to any image in the collage and the related word (e.g. Iraq,
AIDS, peace) comes up along with the headlines it reflects. Click on a
headline, and you're taken to a full article usually from a newspaper
or wire service.
It's clever and intriguing, even kinda cute (no, not in a bad way),
though on first glance not the most useful guide to what's up, since
its guiding is so cryptic. But that's just first glance. I'm willing to
see how it ripens over the course of future visist.
(PS: NewsMap seems to me a much more useful megaview of the news, and pretty clever too.)
© Copyright 2006 Gil Friend.