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Strategies & Market Trends : Paint The Table
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To: Augustus Gloop who wrote (17669)3/5/2002 4:05:44 PM
From: John Pitera  Read Replies (1) of 23786
 
the WSJ was saying today that he might not approve the steel import tariffs. It looks like they are talking about using the PBC Corp to aid retire's pensions.

As an alternative to completely underwriting the retiree costs, administration officials say they are devising a plan that would rely on existing programs, such as Pension Benefit Guarantee Corp. The White House also is considering refundable tax credits to help defray the cost of obtaining health insurance. Bush advisers contend that this approach, instead of a cash bailout for the half-dozen or so companies most affected, would avoid corporate favoritism and would aim assistance more directly at the needs of workers.
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