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To: abb
From the article:

Last year, about 70 percent of its estimated $237 million operating profit went to pension contributions and interest costs, compared with 19 percent in 2007, according to company statements. “It’s a disturbing trend, and it does call into question the long-term viability of the company,” said Robert Willens, an accounting specialist at consultant Robert Willens LLC.

4 posted on 01/27/2012 11:50:14 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

#4- sounds like a familiar trend. Governments have also made promises that cannot be kept.

It’s time to go to a system of private individual savings accounts


6 posted on 01/27/2012 12:03:34 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: abb
70 percent of its estimated $237 million operating profit went to pension contributions and interest costs,

Pay day for Carlos Slim. He'll end up owning this wreck, if he wants it.

12 posted on 01/27/2012 3:18:27 PM PST by hinckley buzzard
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