Despite ongoing negotiations with its
unions, United Airlines has told the bankruptcy court that the "likely result"
will be a decision to terminate all of its pension plans.
That
would precipitate the biggest pension default in history, more than twice the
size of the Bethlehem Steel Corporation default in 2002. The move is expected to
destabilize the already struggling airline industry, prompting other old-line
carriers like Delta to eventually follow suit to maintain
competitiveness.
It would also put additional pressure on the
Pension Benefit Guaranty Corporation (PBGC), the federal agency that insures
traditional pensions in case companies go belly up. It’s already facing more
than a $9 billion shortfall. A default by United would saddle it with an
additional $ 8.4 billion in unfunded obligations. If other airlines follow, the
PBGC may have to
A. The trouble that the airline industry faces is due to the impact of globalization and competition from low-wage companies.
B. Retirement for US workers just is not what it used to be.
C. The dispute over United’s pension has become a burning, blazing campaign is-sue.
D. There are numerous threats to retirement in the future.
更多"Despite ongoing negotiations with i"的相关试题:
[单项选择]
Despite ongoing negotiations with its
unions, United Airlines has told the bankruptcy court that the "likely result"
will be a decision to terminate all of its pension plans.
That
would precipitate the biggest pension default in history, more than twice the
size of the Bethlehem Steel Corporation default in 2002. The move is expected to
destabilize the already struggling airline industry, prompting other old-line
carriers like Delta to eventually follow suit to maintain
competitiveness.
It would also put additional pressure on the
Pension Benefit Guaranty Corporation (PBGC), the federal agency that insures
traditional pensions in case companies go belly up. It’s already facing more
than a $9 billion shortfall. A default by United would saddle it with an
additional $ 8.4 billion in unfunded obligations. If other airlines follow, the
PBGC may have to
A. those pilots’ pensions have been severely cut back
B. they prefer working to idling after retirement
C. the pensions originally promised to those pilots were not enough for a luxurious life after their retirement
D. after their retirement, those pilots are forced to continue their work
[填空题]The member countries of the UN and its specialized agencies give guidance and make decisions on______in regular meetings held throughout each year.
[填空题]Despite its successes, the UN still has to face ______.
[单项选择]What did the labor unions worry about
A. They might lose control of their members because of the increase in immigration.
B. Their members might find it difficult to get along with the newcomers.
C. The working condition of their members might deteriorate.
D. Their members might lose their jobs to the newcomers.
[填空题]When workers are organized in trade unions, employers ______________________ (发现很难解雇他们).
[填空题]The Labor Party was formed by the trade unions.
[单项选择]The （） of this policy would relieve the unions of a tremendous burden.
A. reference
B. adoption
C. assumption
D. innovation
[单项选择]Much of the power of the trade unions has been lost. ______ their political influence should be very great.
A. As a result
B. As usual
C. Even so
D. So far
[简答题]
1. passage1
The ongoing economic globalization and rapid advances of science and technology have generated unprecedented technological conditions for global economic and social development in the new century. In particular, the development of information and communications technologies has been making tremendous impact on our economic, social and cultural life.
On the one hand, informationization presents valuable "digital opportunities" for economic growth and social progress. On the other hand, it presents various challenges to us. Many countries are taking active measures to push the development of information technologies and the information industry in an effort to accelerate national informatization processes.
However, the development of information industry worldwide is seriously unbalanced. The gap between the rich and the poor in enjoying the benefits of and utilizing information resources and information technologies is widening instead
[填空题]The UN Charter also authorizes the UN to act as a world government to deal with the domestic matters happening within a country.
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