The Second Coming.......

[nycbusdriver]

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On 4/3/2003 3:39:22 PM LavMan wrote:

Tim, when the company and the IAM Mechanic and Related took a paycut in 1992/1993, we got the money back 200%.

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True. But the economic environment was very different then. Economy was growing, and the "DotCom" boom was just beginning. Iraq the 1st was over.

Now the "DotCom" bust is lingering. The economy is in the tank. We are still, as a country and as a planet, in shock (and aftershock) over 9-11. The new, bloated TSA is now making air travel a true hassle and squeezing money out of the airlines. And we have Iraq the 2nd in full swing. But even when Iraq 2 is over, our country (and our economy) will pay for years of "nation building" in Iraq and Afghanistan. (And does anyone think that George II will stop at Iraq? Assuming he''s still in office, I''ll bet he starts up with North Korea next.)

No. We won''t see the 5% "deferral" returned. Ever. It''s a pay cut, pure and simple.

 

[Tim Nelson]

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On 4/3/2003 3:39:22 PM LavMan wrote:

Tim, when the company and the IAM Mechanic and Related took a paycut in 1992/1993, we got the money back 200%.

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Lavman, Hopefully things will work out.

 

[DCAflyer]

USflyboy wrote

FYI You can file chapter 11 more than 3 times.... There are things involved to do so but it it possible ie cal is a canidate for this coming up and would qualify to file yet again.

stewart


DCAflyer replies:

Steward, the only reason CAL can declare C-11 a third time is because the three-strikes law did not go into effect until AFTER their second filing. Therefore, they start with no "tick-marks". They are free to file two more times before being forced into liquidation. These circumstances crearly do not apply to U.

DCAflyer