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Updated Mon, August 2, 2010.
151.www.trunkmonkey.com4640
152.www.ahdra.com4640
153.www.theglen.com4640
154.www.exvitermini.com4640
155.www.icsh.sh.cn4490
156.www.planetlemans.com4440
157.www.racerchicks.com4430
158.www.f1news.nl4380
159.www.robertdoornbos.com4340
160.www.magnyf1.com4280
161.www.iscmotorsports.com4250
162.www.malaysiangp.com.my4200
163.www.fordracing.com4150
164.www.score-international.com4090
165.www.speedrome.com4040
166.indianaopenwheel.com4040
167.www.jeffgordon.com4030
168.www.takumasato.com4000
169.www.club4ag.com3980
170.www.speedarena.com3980
171.insiderracingnews.com3970
172.www.jarnotrulli.com3970
173.www.felipemassa.com3960
174.www.minardi.it3900
175.www.mispeedway.com3880
176.www.lewishamilton.com3830
177.www.f1-fansite.com3810
178.www.1800bepetty.com3790
179.www.jean-alesi.com3690
180.hoseheads.com3630
181.www.hendrickmotorsports.com3620
182.www.ritzsite.net3590
183.www.doverspeedway.com3580
184.www.oneighturbo.com3580
185.www.horsepowerheaven.com3570
186.www.waterfordhills.com3560
187.www.bristolmotorspeedway.com3480
188.www.renaultsport.co.uk3460
189.www.eldoraspeedway.com3370
190.www.usacracing.com3350
191.www.ihra.com3340
192.www.indymotorspeedway.com3290
193.www.californiaspeedway.com3290
194.www.usmts.com3270
195.www.speedwaymedia.com3260
196.www.gptours.com3230
197.www.attwilliams.com3220
198.www.rallye1.de3190
199.www.kubica.pl3190
200.www.roadamerica.com3170
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178. www.1800bepetty.com

Rating: 3790 points*
*amount mentions of word 'www.1800bepetty.com' on the other websites

www.1800bepetty.com

++ Richard Petty Driving Experience™ ++

Description: RICHARD PETTY DRIVING EXPERIENCE

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Chrysler, GM and union ownership
Now that the United Auto Workers will likely own big stakes of General Motors and Chrysler (possibly 39% of GM and 55% of the latter) some very thorny questions arise. How will management work with some degree of union ownership? First, let’s look at a few facts. The UAW won’t directly own equity stakes in the car companies. The shares will be owned by a Voluntary Employee Benefits Trust, or VEBA, which invests cash and manages a portfolio to pay union healthcare benefits. When all of the legal proceedings are done, which should be next year, the VEBA trusts will have a board of trustees who could get representation on the boards of the companies. Does that mean GM CEO Fritz Henderson would be working, in part, for the union? Partly. He may have to answer questions at board meetings from VEBA trustees or their appointed representatives. But this isn’t going to be like an employee-owned company when the workers actually pick management. Things could get touchy during union negotiations, however. Henderson and whoever Fiat picks to run Chrysler will have to cut a deal with labor and then make sure the board is comfortable with it. If the VEBA trust has union-friendly people on its board, that could make labor negotiations uncomfortable for management. But believe it or not, there will be checks and balances. The union trustees could pressure management to play nice and give labor fat contracts. But if that results in a less competitive car company, then GM or Chrysler would lose money and their shares will lose value. Then, the trust will have a tougher time paying those health benefits. And remember one this: Trustees have a fiduciary duty to the trust. They may like the UAW. They may also support the cause of blue-collar affluence. Heck, they could be fire-breathing socialists who loathe management. But their legal duty is to manage that trust and make sure it can make a return on its investments and pay the benefits that the union negotiated years ago. The UAW’s VEBA could do a couple big things to make sure there aren’t conflicts of interest. First, they appoint trustees who are smart business people and know how to manage an investment. These should be the kind of minds who know that GM and Chrysler need low costs to survive and thrive. Second, in order to get cash into their funds, they will need to sell down their stake in both companies. They will need to do this at some point because you don’t pay doctors and hospitals with shares of GM. There are plenty of critics who hate the idea of the union and government owning pieces of the carmakers. But in a way, VEBA ownership of shares in GM and Chrysler could force labor to realize—right down to the nitty gritty of their own medical benefits—how important it is for these two companies to make real money. If they don’t it would be their own members who lose healthcare benefits. And to the UAW, great healthcare is the last thing that its leaders have ever wanted to touch when it came time for a new four-year labor deal.
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Ecclestone: Hitler remarks 'a big misunderstanding'
Formula One boss Bernie Ecclestone says the furor over his reported comment that Adolf Hitler got "things done" is a misunderstanding. ...
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Force India, Williams rejoin FOTA
Williams and Force India, who were suspended from the Formula One Teams' Association (FOTA) after signing up for the 2010 world championship despite threats by other teams to breakaway, have rejoined the organisation.
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Choice of the Motor Racing Crowd
Where the roar of a racing car engine is heard, chances are the driver is wearing a BRM watch.
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James Stewart rallies to win Supercross season opener
Defending AMA Supercross champion James Stewart pulled off a come-from-behind win in the season-opener Saturday night at Angels ...
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