Saturday, May 2, 2009

Swinegate: The Boston Globe opens the golden parachute

The Boston Globe opens the golden parachute.


WHO officials had some difficulty rounding up bodies for the post-mortems. Don't get me wrong, 170 people died in Mexico - they're just have trouble coming up with positive pathology that they died from the swine flu.

One person died in the U.S., a baby they brought from Mexico who had multiple other life-threatening problems.

But a public health and infectious disease expert from Vanderbilt University, Dr. William Schaffner, said the test results were "going to change, I think in a substantial way, the image of this outbreak in Mexico."


Now, the Globe asks, "why", even if it's true that 170 people died in Mexico, everyone in the United States appears to just have a headache, a runny nose and a sore throat?

Hopefully, that's a question they can all ponder in the unemployment line.

Not to worry. Free houses and a new Chrysler for everyone. And, Michelle Obama will put on her $540 dollar sneakers to drop off Cheerios to food banks.

By the way, the NYT has extended their union busting deadline until tomorrow to let them absorb a 4.5 million "accounting" error.


Over the past few days the already difficult negotiations became complicated by what union officials described as an accounting mistake by management, which, late Wednesday night, suddenly removed $4.5 million in potential givebacks from the table.

In calculating the value of potential concessions, management had mistakenly included 80 Guild employees who have left the Globe through buyouts, layoffs, and resignations since January, according to union officials. Once the wages and benefits of those employees were factored out, it reduced the value of the potential concessions available to the Guild. When negotiations began a month ago, the company provided a menu of possible salary and benefit cuts that it valued at $14 million, but now that same menu is valued at about $10 million. There has been no clear public explanation of how 80 people could have such a dramatic impact.


Eighty people left with packages totally 4.5 million and nobody has the cerebral function to figure out where the money went and why. However, they have figured out that the 4.5 million is going to come out of the pockets of union workers:

As a result, Guild employees are facing the shock of cuts that could be deeper than they thought, union officials said. Company officials declined to comment.

Many members were stunned to learn of the error, and concerned about its impact on reaching an agreement. But it also seemed to galvanize the fractious union as members focused their anger at the company.


Just another day in the wealth distribution.

Enjoy it.

"Jaws were dropping when news of the 'mistake' swept through the newsroom and the rest of the building," said Sean P. Murphy, a Globe reporter since 1987. "But I think it has brought union members closer together as we absorb this shocking development."

No comments: