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Category: finances

GM Eliminates Retiree Healthcare

As part of General Motors’ press release from this morning (this link may only work in IE), it has been announced that:

…health care coverage for U.S. salaried retirees over 65 will be eliminated, effective January 1, 2009. Affected retirees and surviving spouses will receive a pension increase from GM’s over funded U.S. salaried plan to help offset costs of Medicare and supplemental coverage.

This is awful. I can only hope that it helps push through some manner of base level (at least) socialized health care in the US.

Oh, and (as of right now) the stock is up almost 6%.

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HP/EDS and Fog

Fog seen looking out my front window / doorwall on the morning of 13-May-2008.

When I was leaving for work this morning, and throughout almost the entire drive, it was abnormally foggy. This was really nice, as I like fog, I just wish I could have gone out in the woods on my bike and enjoyed it that way.

Also, it’s been confirmed that HP is going to buy EDS. I don’t know many details, except that EDS will probably maintain its name / brand, and that the drastic (~25% or so) increase in EDS’ share price made my 401(k) go up a bit, which is kinda nice.

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