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Originally posted by soficrow
I find this somewhat amusing - especially since critics against regulation always say, "Let the market choose."
Originally posted by RRconservative
Could be a backlash by being named one of the most "Gay Friendly" businesses in America?
But mostly it is Unions that are killing Ford.
I know it's World Net Daily, but it could be worse....It could be the NY Times.
WASHINGTON - Starbucks Corp. will spend more on health insurance for its employees this year than on raw materials needed to brew its coffee, the company's chairman said Wednesday.
Howard Schultz, whose Seattle company provides health care coverage to employees who work at least 20 hours a week, said Starbucks has faced double-digit increases in insurance costs each of the past four years.
Schultz made the comments Wednesday at a meeting with Sen. Patty Murray, D-Wash., and Rep. Adam Smith, D-Wash. The event was one of several organized by Schultz and other executives to call attention to what they called a growing health care crisis.
...Ford... blamed the loss in 2006 on a profit collapse in its truck-dependent North American division.
General Motors recently had to announce that its earnings for the current year would fall far short of expectations. One problem for the automaker is health care costs: GM will pay in excess of $5 billion this year to insure its workers and retirees.
GM's health care costs are over $1500 per car. Chrysler's are $1400, Ford $1100. Honda, Toyota, et al are a fraction of these figures. That disparity crystalizes the economic problem facing US industry (subscription required) competing in a world economy.
Originally posted by whaaa
12.7 billion in losses but the suits will never suffer.
My prediction is that they will receive some great govt. contract just like Dodge did under Lee Iococa when Chrysler was in a similiar situation.