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Wednesday, August 18, 2010 - 11:49 PM
There have
been twelve new publications added to the Forum and the first one falls into
the UAW national, regional and local specific topics section. The article comes
from the Detroit News stating that the real estate firm handling the sale of
the Walter and May Reuther Family Education Center says that it has been taken
off the market at the request of UAW President Bob King and the union’s new
executive board.
Six new
posts can be found in the GM, Ford and Chrysler tab. The first article comes
from the Detroit News reporting that Ford Motor Co. has been issuing $50 gift
cards as a thank you to buyers who had to wait more than a month for their new
Fiesta because of shipping problems. The second article, also from the Detroit
News, gives more information on GM recalling 243K 2009-10 crossover vehicles
for possible second row safety belt defects. The third article tells that
General Motors Co. plans to offer shares of preferred stock when it launches an
IPO later this year and have its stock traded on the New York Stock Exchange
and the Toronto Stock Exchange. The fourth article is a release from the
Associated Press. It reports that General Motors Co. and Chinese partner SAIC
announced on Wednesday plans for joint development of fuel-efficient small
engines and transmissions, focusing on the fastest-growing part of China’s huge
auto market. The fifth article comes from a Detroit News Staff Writer telling
that General Motors announced another $20M investment in its Bay City
Powertrain operations to produce camshafts for the next generation Ecotec
engine, bringing new investment at the plant to $62.5M this year. The sixth
article states that General Motors Co. on Wednesday filed long-awaited
paperwork that is the first step toward selling its stock, and ending government
ownership.
One new post
has been added to Hodgepodge. The article comes from WANE TV-15’s news of the
strange. It reports that a little flirting on Interstate 84 in Boise, Idaho, on
Sunday afternoon, ended with four lanes of traffic being shut down after two
motorcycles collided.
One new post
has been entered into the Open Discussion section and comes from the DRIVEON
section of USA TODAY. It tells that by now you have seen the avalanche of news
about GM’s initial public offering filing. This article answers a lot of
questions you might have before you decide whether or not to jump in.
One new post
can be found in the Opinion category. The article comes from the Detroit News
Washington Bureau reporting that the Korean ambassador to the United States
urged Michigan business leaders to back approval of a long-stalled free trade
agreement between the two countries, saying U.S. imports “can and should be
increased a lot more.” Listen up South Korea; a free trade agreement is a two
way street. Just by you saying that U.S. imports should be increased a lot
doesn’t cut it because your definition of that statement and ours, are most
likely completely different.
In an effort
to try and give you information on financial matters that hopefully will
benefit you, we are going to start having weekly additions to the Forum, much
like Friday’s bcb monitor meds, that can help you manage your money after
retirement. Our philosophy on money management at Blue Collar Benefit Monitor
is that all the decisions should be made by you and if you need help, go with a
proven reputable firm that has low maintenance fees, while offering a vast
amount of options for you to make decisions on. With this being said, there
have been two new posts added to the Social Security and Medicare section of
the Forum. The first article comes from AARP and tells that Social Security
provides benefits to 52.5 million Americans. The important role played by
Social Security is simple to understand, but the program itself can be
complicated. If you are approaching retirement or are already there, this
article gives you 10 things you need to know about Social Security. The second
article, also from AARP, states that since every dollar counts in retirement,
it makes sense to squeeze all the money out of Social Security to which you are
entitled, right? Fortunately, there are legitimate ways to maximize your
benefits and listed are 4 tips that do just that. We at bcb monitor feel that
knowing your options with Social Security should be part of a money management
plan that can help enhance your income in retirement.
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