The Big Squeeze
Paul Krugman writes that Delphi's bankruptcy is a much bigger deal than your ordinary case of corporate failure and bad, self-dealing management. If Delphi slashes wages and defaults on its pension obligations, the rest of the auto industry may well be tempted - or forced - to do the same. And that will mark the end of the era in which ordinary working Americans could be part of the middle class.
http://www.truthout.org/docs_2005/101705M.shtml
http://www.truthout.org/docs_2005/101705M.shtml
Starmail - 17. Okt, 22:35
