Nineteen Underground || Tag Archive || recession

Saturday 18, 2009

Change in retirement program affects hundreds at Western Refining

EL PASO — During 29 years as a pipeline unit operator Lauren Titus has never seen a change in retirement programs so massive that it drastically affects the retirement plans of hundreds of employees as the one currently in the works at Western Refining.
The company has initiated the termination of the longstanding annuity pension plan [...]

annuity pension plan, recession, retirement program

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Friday 17, 2009

Community banks prosper as the fat cats founder

EL PASO — As the U.S. economy sank into the worst recession since the Great Depression, customers fled nationally owned financial institutions and came home, shifting their money from Wall Street to Mesa Street.
Customers fled to the perceived safety of smaller community banks as larger banks swirling in the eye of the controversy and threatening [...]