'Package'에 해당되는 글 5건

  1. 2008.12.14 Stimulus Package To First Pay for Routine Repairs by CEOinIRVINE
  2. 2008.12.12 Detroit Not Out Of The Woods by CEOinIRVINE
  3. 2008.12.06 How Much Are Key Employees Worth? by CEOinIRVINE
  4. 2008.11.27 Europe's $260B Game Plan by CEOinIRVINE
  5. 2008.11.01 Mercedes-Benz offer workers buyout package by CEOinIRVINE
President-elect  Barack Obama calls it "the largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s." New York Mayor Michael R. Bloomberg compares it to the New Deal -- when workers built hundreds of bridges, dams and parkways -- while saying it could help close the gap with China, where he recently traveled on a Shanghai train at 267 mph.

Most of the infrastructure spending being proposed for the massive stimulus package that Obama and congressional Democrats are readying, however, is not exactly the stuff of history, but destined for routine projects that have been on the to-do lists of state highway departments for years. Oklahoma wants to repave stretches of Interstates 35 and 40 and build "cable barriers" to keep wayward cars from crossing medians. New Jersey wants to repaint 88 bridges and restore Route 35 from Toms River to Mantoloking. Scottsdale, Ariz., wants to widen 1.5 miles of Scottsdale Road.

On the campaign trail, Obama said he would "rebuild America" with an "infrastructure bank" run by a new board that would award $60 billion over a decade to projects such as high-speed rail to take the country in a more energy-efficient direction. But the crumbling economy, while giving impetus to big spending plans, has also put a new emphasis on projects that can be started immediately -- "use it or lose it," Obama said last week -- and created a clear tension between the need to create jobs fast and the desire for a lasting legacy.

"It doesn't have the power to stir men's souls," said David Goldberg of Smart Growth America. "Repair and maintenance are good. We need to make sure we're building bridges that stand, not bridges to nowhere. But to gild the lily . . . where we're resurfacing pieces of road that aren't that critical, just to be able to say we spent the money, is not what we're after."

Minneapolis Mayor R.T. Rybak is proud that his city was able to quickly rebuild the Interstate 35 bridge that collapsed into the Mississippi River in 2007 while making sure to include capacity for a future transit line on it. But he worries that many of the road and bridge upgrades around the country will not be done in a similarly farsighted way, given the time pressures.

"The quickest things we can do may not be the ones that have the most significant long-term impact on the green economy," he said. "Unless we push a transit investment, this will end up being a stimulus package that rebalances our transportation strategy toward roads and away from [what] we need to get off our addiction to oil."

Mayors say there would be a better chance for a long-term impact if the money were focused on metropolitan areas where investments could make the most difference in reducing congestion and lessening dependence on cars. They doubt that will happen if infrastructure funding goes directly to state capitals.

In Seattle, Mayor Greg Nickels said that the list of projects submitted by Washington state included only one in Seattle, for a ferry dock, while the city has ambitious hopes for removing a hulking highway ramp in a revitalized neighborhood and accelerating a light-rail expansion.

"Metro areas really are the engines of the economy, and to the extent that this can go directly to the metro areas rather than a cumbersome state process, it will have more effect," Nickels said. "States can do a nice job in rural counties, but in metro areas it's not always a good relationship or very nimble."

As it stands, Congress, wanting to keep things simple, plans to disburse the money under existing formulas -- funding for roads and bridges will go to state governments, while money for public transit will go to the local agencies that receive transit funding.

State officials are playing down concerns about their proposed projects' value. New Jersey Gov. Jon S. Corzine said repairing a swath of roads and bridges is ambitious in its own right. "We could spend money on further provision of rail to Port Elizabeth and Port Newark, but if the highways weren't paved, we actually wouldn't have the ability to have the trains get to the spot to take the goods to the local distribution outlet," he said. "Those deferred maintenance investments are fundamental to maintaining a capital infrastructure."

Oklahoma transportation director Gary Ridley justifies his state's wish list in similar terms. Its highway pavements "are probably 40 years old, and some of them have been replaced, but a lot of them haven't," he said. "It's not like we're grabbing these out of the air."


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Posted by CEOinIRVINE
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The House may have passed a rescue package for the auto industry, but Senate Republicans could stop it cold.

By a vote of 237-170 Wednesday night, the House of Representatives passed a $14 billion bailout package for General Motors and Chrysler.

That was the easy part. Democrats who supported the bill hold a clear majority in the House. The real test is the Senate, where it's far from certain that there are enough votes to pass the measure because of broad opposition from Republicans.

The Senate could take up the measure as early as Thursday. But unless Democrats who support the bill can rally 60 votes, they won't be able to overcome a potential filibuster, which could derail the bailout effort.

And it's looking increasingly like it won't be possible to reach that magic number. Earlier Wednesday, Sens. Richard Shelby, R-Ala., John Ensign, R-Nev., Tom Coburn, R-Okla., David Vitter, R-La., and Jim DeMint, R-S.C., held a press conference to voice opposition to the bill. Shelby, who believes it’s a waste of taxpayer money--particularly after controversy surrounding the effectiveness of the financial services bailout two months ago--calls the Detroit rescue a "travesty."

Sen. Bob Corker, R-Tenn., has opposed the bailout bill on the grounds that it doesn't propose strict enough conditions on the automakers. He wants to see the companies reduce their debt load and further concessions by the United Auto Workers union.

Sen. Charles Grassley, R-Iowa, doesn't like it because he thinks it doesn't force Cerberus Capital Management, Chrysler's parent, to help the company. In addition, Grassley, the Senate's top Republican tax writer, says the bill would "prop up" a complex tax shelter related to banks' leasing facilities to transit systems and public utilities. Grassley and his Democratic colleague on the Senate Finance Committee, Sen. Max Baucus, D-Mont., shut down the tax shelter in 2004.

In other words, there's still a long way to go legislatively before a bailout for Detroit makes it to President Bush's desk for his signature.



Posted by CEOinIRVINE
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Timely tips for calculating the right pay package for big decision-makers.

With the economy tanking and unemployment nearing 7%, it's a buyer's market for firms lucky enough to be hiring. The challenge: landing loyal talent without going broke in the process--either by losing valuable hours rooting through piles of résumés or dangling profit-sapping salaries.

"A buyers' market doesn't mean that it's any easier," says John Younger, chief executive of Accolo, a Larkspur, Calif., staffing company for the software industry. "Hiring tends to consume more resources than it did before. You place an ad on Craigslist and get people bugging you for weeks."
So what are key decision-makers really worth? Unfortunately, there is no one formula that transcends industries and business cycles. Tackle the problem in logical steps, though, and you can increase your odds of earning a solid return on that important player. Potential applicants can learn a thing or two from this process, too.

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Europe's $260B Game Plan

Business 2008. 11. 27. 04:01

Europe's $260B Game Plan

Lionel Laurent

A bigger-than-expected stimulus package will leave it up to individual member states to fight the downturn.

 












 

A bigger-than-expected stimulus package will leave it up to individual member states to fight the downturn.

  Jose Manuel Barroso
 
  European Commission

European Commission president Jose-Manuel Barroso unveiled a larger-than-expected stimulus plan for the 27-member European Union on Wednesday, which he described as a "tool box" that could turn the global financial crisis into an opportunity. But questions still remain as to whether the broad menu of options will be enough to heal Europe's divided approach to the crisis.

Although Wednesday's final figure of 200 billion euros ($258.8 billion) came in higher than the previously-mooted 130 billion-euro ($168.2 billion) figure, the proposed stimulus package gave a nod to the fractures within the European Union. Commission president Barroso admitted it would be a "complete mistake" to have a 'one-size-fits-all' package, citing the "very different situations" facing European economies; individual member states will therefore choose their own stimulus within the proposed framework.

Barroso said that individual member states would contribute 170 billion euros ($219.9 billion) towards the overall plan, with the remaining 30 billion euros ($30.6 billion) coming from the European Union's budget. He said the plan would boost demand and create "millions" of jobs, largely by helping out small businesses, relaxing employers' social charges on lower incomes and by turning a blind eye to national budget-deficit limits.

Europe's biggest economies--Germany, France and Britain--have already taken divergent paths in their bid to fight the downturn. Britain's 20 billion pound ($30.6 billion) package is targeting consumer spending by cutting the value-added tax rate for a year, but Germany and France have ruled out such a move. (See "Europe's Fractures Will Hurt Stimulus Plan.") Germany's own measures, meanwhile, have been slammed as far too weak--they have been estimated at about 0.5% of gross domestic product over the next two years, and should bring in 50 billion euros ($76.5 billion) in new investment.

"We should not get into a race for billions," Merkel told the Bundestag lower house of parliament Wednesday morning, according to Reuters. "We should walk a path of measure and middle ground, which is made-to-measure to the situation in Germany."

Taking the "middle ground" may not be enough in the current economic climate, which has seen the 15-member euro area officially slip into recession. The International Monetary Fund predicts the 15-member euro area will shrink 0.5% in 2009, while the Organization for Economic Co-operation and Development has forecast a contraction of 0.6%.

At least the European Central Bank is prepared to take up some of the slack: central bank president Jean-Claude Trichet said on Wednesday that rates could be cut in December.


Posted by CEOinIRVINE
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Mercedes-Benz offer workers buyout package

With the economy slowing and demand for new vehicles shrinking, Mercedes-Benz is offering buyout packages its nearly 4,000 workers at its Alabama plant for the first time since the factory opened 11 years ago.

A plant spokeswoman said executives hope to know by the end of the year which employees might accept the buyouts, which were announced to workers on Thursday.

The Mercedes-Benz M-Class Sport Utility, the R-Class Sport Tourer, and the full-sized GL-Class Luxury Sport Utility Vehicle are built at the Vance plant.

Company officials did not specify how many employees Mercedes hopes will take the buyouts to balance the dip in demand, or what approach the company would take if too few employees opted for the buyouts.

"We're just trying to get an idea of who's interested in accepting the voluntary separation and we'll have a full picture of other adjustments that we need to make in the next couple of weeks," said Felyicia Jerald of Mercedes-Benz U.S. International Inc.

The head of the company's Alabama operations, Bill Taylor, said car sales in general are down because of the weak economy.

"We're responding to the demand in the marketplace by reducing our operations here at Mercedes Vance," said Taylor, president and chief executive of MBUSI.

The company, which began producing vehicles in Tuscaloosa County in 1997, did not provide details on the offer, which would give financial incentives, temporary medical benefits and job-hunting assistance.

Mercedes-Benz has announceed plans to halt production at plants in Germany for a month beginning Dec. 12. The Vance plant's converted to a four-day, 32-hour work week earlier this month.

Posted by CEOinIRVINE
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