Bob's Links and Rants

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Saturday, July 31, 2004

Pension Headache

Corporations suck big time. The WSWS explains what is likely to happen if United Airlines goes ahead with its plans to default on its pension obligations. A hint: if anyone suffers, it will be the people who worked for decades for United, not the corporate swindlers who crashed it into bankruptcy. If anyone pays to reduce this suffering, it will be you and me and the next generation, not the corporate swindlers who got rich crashing the company.