Something’s gotta give - From NY Times: “General Motors and union reach agreement on health care costs” – “Seeking a way out of its deepening financial crisis, General Motors said today that it had reached a tentative agreement with the United Auto Workers union to cut $1 billion worth of annual health care benefits for hundreds of thousands of American retirees. At the same time, G.M. reported a $1.6 billion third-quarter loss, its largest quarterly loss in more than a decade.”

This can’t go on either: “Jobs bank programs -- 12,000 paid not to work: Big 3 and suppliers pay billions to keep downsized UAW members on payroll in decades-long deal.”