Global warming 'undeniable,' scientists say

Full story: TwinCities.com

Scientists from around the world are providing even more evidence of global warming, one day after President Barack Obama renewed his call for climate legislation.

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For Real

Saint Paul, MN

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#19450
Jul 15, 2012
 

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By Deepa Seetharaman and Ben Klayman

DETROIT (Reuters)- General Motors Co (GM.N) will cut nearly a quarter of its U.S. pension obligation by transferring the management of its pension plans for 118,000 white-collar retirees to a third party and offering lump-sum buyouts.

The two moves unveiled on Friday will cut $26 billion from the automaker's massive U.S. pension liability of nearly $109 billion. GM's pension overhang is a top concern for investors. It was one of a handful of issues left untouched during GM's U.S.-financed bankruptcy restructuring three years ago.

"There are lots of companies with pension plans. Very few have plans in the absolute or relative size as us," Chief Financial Officer Dan Ammann said during a conference call.

WWW.reuters.com
Smiley Slew

Seattle, WA

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#19451
Jul 15, 2012
 

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For Real wrote:
By Deepa Seetharaman and Ben Klayman
DETROIT (Reuters)- General Motors Co (GM.N) will cut nearly a quarter of its U.S. pension obligation by transferring the management of its pension plans for 118,000 white-collar retirees to a third party and offering lump-sum buyouts.
The two moves unveiled on Friday will cut $26 billion from the automaker's massive U.S. pension liability of nearly $109 billion. GM's pension overhang is a top concern for investors. It was one of a handful of issues left untouched during GM's U.S.-financed bankruptcy restructuring three years ago.
"There are lots of companies with pension plans. Very few have plans in the absolute or relative size as us," Chief Financial Officer Dan Ammann said during a conference call.
WWW.reuters.com
Guess where the pension money went ??? Into management raises, bonuses, and perks... Funny, you'd like to blame your neighbors, while you wait for trickle down... from the rich guy up on the hill !?? It's NOT THE EMPLOYEES steering the ship on the shoals, it's the drunk CAPT ~!
For Real

Saint Paul, MN

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#19452
Jul 15, 2012
 

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Smiley Slew wrote:
<quoted text>Guess where the pension money went ??? Into management raises, bonuses, and perks... Funny, you'd like to blame your neighbors, while you wait for trickle down... from the rich guy up on the hill !?? It's NOT THE EMPLOYEES steering the ship on the shoals, it's the drunk CAPT ~!
Agreed , too much pensions sinking the boat once again.

Even cities dumping pensions following GM.
For Real

Saint Paul, MN

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#19453
Jul 15, 2012
 

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Yea only 42 billion in revenue losses the next 4 yrs , govt at its finest efficiency
okboston wrote:
<quoted text>
Interestingly enough, despite the talk the USPS is pretty darn efficient. Despite the best efforts of some in government to make them uncompetitive the USPS is doing surprisingly well.
1. Its postal rates are controlled by Congress.
2. Congress has required USPS to fully fund its pension system, something no competitor or private business has to do.
3. Congress requires USPS to keep unprofitable operations open.
And yet, for certain runs, Fed Ex and UPS use the USPS because it can get the mail there more efficiently.
Liar Fred

Seattle, WA

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#19454
Jul 15, 2012
 

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For Real wrote:
Yea only 42 billion in revenue losses the next 4 yrs , govt at its finest efficiency
<quoted text>
The NEXT 4 years ??? LMAOROTFu~! I love your position as NOW a soothsayer.... Geez, you extend YOUR stupidity to NEW LOWS ~! Probably unaware, it's a contract year and the rhetoric is called negotiations...
For Real

Saint Paul, MN

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#19455
Jul 15, 2012
 

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Citing Losses, Postal Service Seeks Higher Stamp Prices

By THE ASSOCIATED PRESS Published: February 16, 2012

WASHINGTON — Mired in red ink, the United States Postal Service is warning it will lose as much as $18.2 billion a year by 2015 unless Congress grants it leeway to eliminate Saturday delivery, slow first-class mail by one day and raise the price of a postage stamp by as much as 5 cents.

In a letter to Congress, Patrick Donahoe, the postmaster general, described an updated five-year cost-cutting plan put together in coordination with a Wall Street adviser, Evercore Partners. It reiterates many of the mail agency’s proposals to switch to a five-day delivery schedule, raise stamp prices and close about 252 mail-processing centers and 3,700 local post offices.

http://www.nytimes.com/2012/02/17/business/po...
T
Gosch Foundation

Gwinn, MI

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#19456
Jul 15, 2012
 

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Bohemian Grove Exposed!- Jesus Is Savior
Bohemian Grove Exposed! The Dark Secrets of Bohemian Grove (Free Video —
1 Hour, 50 Minutes). You are listening to an actually MP3 recording of the ...

http://www.jesus-is-savior.com/False%20Religi... - 112k -
Baloney

United States

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#19457
Jul 15, 2012
 

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Any moron knows the Postal Service is a govt run entity,

Anyway let's discuss the issues like climategate, climate change, cap n trade, Inconvenient Truth fact or fiction.
U of M student

Saint Paul, MN

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#19458
Jul 15, 2012
 

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Neadrethal,

Climategate was a far right wing fantasy, Al Gore won a Nobel peace prize for the most important documentary in the last 100 yrs, cap n trade is vital for planet salvation though its needs to go further in banning the combustion engine,

All this is undeniable

Since: Feb 12

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#19459
Jul 15, 2012
 

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never trust the russians..and every time al gore spouts from his blow hole ...the globe warms
LessHypeMoreFact

Toronto, Canada

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#19460
Jul 15, 2012
 

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U of M student wrote:
Neadrethal,
Climategate was a far right wing fantasy, Al Gore won a Nobel peace prize for the most important documentary in the last 100 yrs, cap n trade is vital for planet salvation though its needs to go further in banning the combustion engine,
All this is undeniable
I deny that.

Al Gore was irrelevant to AGW theory developed by thousands of individual and highly respected scientists.

As was the peace prize, though he deserved something for the courage to come forward about it (and take a shellacking from the deniers).

A Carbon Tax is a much more market driven and reliable formula for reducing emissions. The planet doesn't need saving, the people, economics and natural capital do.

And nothing is ever undeniable. Just look at the posts by morons and trolls here. They could deny the sun rising in the East. And believe it..

“Get RIGHT or be left”

Since: Nov 07

www.dreamindemon.com

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#19461
Jul 15, 2012
 

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okboston wrote:
<quoted text>
Pensions are the symptom, they are not the problem. The problem is allowing corporations and municipalities and states to underfund their pensions based on unrealistic assumptions.
Having said that, I am all for pension reform. Allow each employee to open a 401K account at the institution of their choice and then mandate that all employers contribute an amount equal to 10% of the employee's earnings before taxes. This would apply to all employee's that have any earnings.
Employee's would be allowed to contribute more if desired.
This applies all the way to executive level. Any plan adopted for executives has to apply to workers as well.
You are absolutely correct.

And every elected official, regardless of party, every bureaucrat that allowed pensions to go un- or under-funded needs to be removed and sued for fiscal malfeasance and, if Federal, treason.
Mike

Saint Paul, MN

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#19462
Jul 15, 2012
 

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Cap n tax is government driven not market driven. That is the whole purpose behind restricting energy and taxing excess usage as a social engineering. In market driven there is no restriction nor penalty for excess usage-Like a cheeseburger at MacDonalds,.

You have it backwards on Gore and some third rate unknown scientist who is irrelevant
LessHypeMoreFact wrote:
<quoted text>
I deny that.
Al Gore was irrelevant to AGW theory developed by thousands of individual and highly respected scientists.
As was the peace prize, though he deserved something for the courage to come forward about it (and take a shellacking from the deniers).
A Carbon Tax is a much more market driven and reliable formula for reducing emissions. The planet doesn't need saving, the people, economics and natural capital do.
And nothing is ever undeniable. Just look at the posts by morons and trolls here. They could deny the sun rising in the East. And believe it..

Since: Apr 12

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#19463
Jul 15, 2012
 

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Amused Slew wrote:
<quoted text>I've heard people named Pamela are nut jobs, that make up stuff...
She seems to be getting more delirious by the post. She certainly hates black people and postal workers.

Since: Aug 07

South Central Virginia

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#19464
Jul 16, 2012
 

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Jeff T in MPLS wrote:
<quoted text>
You are absolutely correct.
And every elected official, regardless of party, every bureaucrat that allowed pensions to go un- or under-funded needs to be removed and sued for fiscal malfeasance and, if Federal, treason.
There was an article in the Saturday Richmond Times-Dispatch that showed the state allowing state and local governments to underfund state pensions. Interestingly enough, the localities for the most part said "No, this will lead to too many problems down the road." Perhaps they have been paying attention.

Since: Aug 07

South Central Virginia

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#19465
Jul 16, 2012
 

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Mike wrote:
Cap n tax is government driven not market driven. That is the whole purpose behind restricting energy and taxing excess usage as a social engineering. In market driven there is no restriction nor penalty for excess usage-Like a cheeseburger at MacDonalds,.
You have it backwards on Gore and some third rate unknown scientist who is irrelevant
<quoted text>
So, Reagan was a big government, anti-business President after all. Is that what you are saying Mike?
Mike

Saint Paul, MN

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#19466
Jul 16, 2012
 

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okboston wrote:
<quoted text>
So, Reagan was a big government, anti-business President after all. Is that what you are saying Mike?
Your are confusing Reagan with Carter. One created an energy crisis and one solved it.

Since: Aug 07

South Central Virginia

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#19467
Jul 16, 2012
 

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Mike wrote:
<quoted text>
Your are confusing Reagan with Carter. One created an energy crisis and one solved it.
No, Reagan did little to solve an energy crisis which began with OPEC under Nixon. Adn that is not meant to blame or credit anyone, only give a timeline.

But Reagan did come up with Cap and Trade, used it, and claimed it was a free market, capitalism solution. You should check your fact box, apparently it has a leak and you are losing your facts.
My Thoughts

United States

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#19468
Jul 16, 2012
 

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okboston wrote:
<quoted text>
No, Reagan did little to solve an energy crisis which began with OPEC under Nixon. Adn that is not meant to blame or credit anyone, only give a timeline.
But Reagan did come up with Cap and Trade, used it, and claimed it was a free market, capitalism solution. You should check your fact box, apparently it has a leak and you are losing your facts.
Reagan did solve the energy crisis, secondly Reagan never proposed cap n tax on the whole economy as Obama and socialists like to do. He did discuss this for a specific industry than backed off when knowing the economic consequences.
Happy Slew

Seattle, WA

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#19469
Jul 16, 2012
 

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If that's your "thoughts", you must see lots of pretty colors, too ???

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