Last Updated: Oct 8, 2007
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Issue no. 807
Editorial
Editorial: The Vultures of Wall Street Are Circling over the GM VEBA
Pages 2-3
Egypt: New strike of textile workers
Rights of “Indigenous People”: A formal right, a real disappearance
Burma: A dictatorship supported by the big powers
Simi Valley: Right wing attacks on immigrant sanctuary
Pages 4-5
“Ford is in worse financial shape,” NO! They make it, then they take it away
The devil in the GM contract: Sell out your children, your parents and yourselves
Caterpillar workers know all about VEBA
If GM risks bankruptcy – cover retirees with GM stock!
New Attendance Rules: GM Owns You
VEBA good for 80 years? Not even 80 months!
COLA formula maintained – but the money disappears!
Chrysler: Scheduling a vote with nobody there
Key sections of the UAW GM contract on-line
Skilled trades on a chopping block
GM Contract – A monument to worthless promises
Pages 6-7
LAX: One near miss after another
Five workers dead – the cost of pushing to increase profits
Michigan budget deal: Exactly as scripted
Page 8
CEOs “sacrifice” in a time of war
Congress can’t find money for poor children
CEOs “sacrifice” in a time of war
Oct 8, 2007
A recent study shows how remarkably fast CEO pay at the top defense contractors increased since the September 11, 2001 terror attacks.
Close to the top of the list were the CEOs at Boeing. Their pay increased from three million to four million dollars per year in 2002 and 2003, up to 28 million and sixteen million dollars in 2005 and 2006. In other words, their pay multiplied by close to 10 times.
War and death on a mass scale sure pays off big for the boys at the very top.