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...Mr. Corrigan's unions have not grown much over the past two decades, but they have scored some significant organizing successes, many due to the efforts of staff member Fernando da Silva, an aggressive 36 year old recognized as a top notch organizer.

Other union staff include Frank (Blackie) Johnston, a former assistant football coach with the Toronto Argonauts and B.C. Lions, and the recently hired William Corrigan, Mr. Corrigan's brother, who was recently released from parole conditions after a drug conviction in the United States.

In the past few years, the textile processors' union has moved into the hotel industry, and now represents workers at three well known Toronto hotels the Constellation, the Harbour Castle Hilton and the Four Seasons —as well as the Westin in Ottawa and the Hilton in Windsor.

The unions run their own pension and health and welfare plans, but Mr. Corrigan refused to say what, if any, salaries he or other union officials draw for administering the plans.

Officials of the Pension Commission of Ontario, however, say they are "looking at" the plans of Mr. Corrigan's unions in the wake of publicity about his involvement in the St. Kitts bank.

Mr. Corrigan's collective agreements are known primarily in labor circles for their low wages and the sweeping rights they provide for management. Several, for example, contain a clause saying that any breach of a company rule is grounds for dismissal and that the punishment cannot be grieved.

However, some of Mr. Corrigan's contracts—in the large hotels, for example—match the rates negotiated by other unions in the same fields.

One management official who has sat across the bargaining table from Mr. Corrigan said his unions appear concerned chiefly with whether the employer contributes to the health and welfare funds.

He added: "I think it's a union that understands that a company wants to get on with business. Lots of unions just fight anything, but his are a little more realistic."

That attitude has made Corrigan led strikes rare events. When strikes do occur, one management official said, they are almost always when management resists demands to increase payments to the health and welfare fund.

Other sources said Mr. Corrigan has rarely let his membership get in the way of his method of operating the union. In one 1983 case, the Ontario Labor Relations Board expressed shock that the Textile Processors had not consulted workers before bargaining and had scheduled an important membership meeting for 6:30 a.m. on a Saturday....

While Victor and Nikki were engaged in a heated confrontation, Nikki accidentally fell down the steps and suffered a miscarriage. Jack was grief-stricken over the miscarriage of his baby. Realizing that Nikki was still confused about who she loved, Jack moved out, hoping that the separation would give her a chance to finally resolve things. However, Jack was livid when he discovered that an argument between Nikki and Victor had led to Nikki's fall down the stairs. Jack confronted Victor and they began fighting. Soon after, Victor was blasted by Nikki, Ashley and Victoria, who all resented the control he tried to exert in their lives. And, on another front, Victor had to warn his former secretary, Eve Howard, not to make false claims about his being the father of her son, Cole.

Anxious to take a breather from his troubles in Genoa City, Victor left town for an extended trip in the country. During his trip, he was robbed of his money and car. In Kansas, he rescued a blind woman named Hope from a rapist. Meanwhile, the thug who had stolen his car died in an automobile accident.

In Genoa City, everyone presumed that Victor had been behind the wheel when his car crashed. Now they believed him dead. A power struggle for control of Newman Enterprises quickly erupted between Jack, Brad and Ashley. Nikki, who was grieving over Victor's death, accepted consoling from Cole. To show her appreciation for Cole's friendship, Nikki introduced him to a publisher in New York, Steve Connelly, who agreed to publish Cole's first novel. Unaware of the friendship developing between Nikki and Cole, Victoria said that she was interested in making love to him. Instead, Cole pursued an affair with Nikki. When Victoria learned of their involvement, she told Cole of her love for him. Soon after, Cole wrote to his mother and said he had fallen for Victor Newman's daughter.

Nikki suspected that Cole was seeing another woman when he suddenly appeared distant. Eve Howard received Cole's letter and was immediately distraught because she believed Cole had fallen for his half-sister. She quickly arranged a trip to Genoa City, but became ill and slipped into a coma. Although Cole was worried about his mother's health, he proceeded with his plans to elope with Victoria. Eve briefly regained consciousness, but died before she had a chance to tell Cole that Victor was his father. Not long after Eve's funeral, Cole and Victoria eloped to Las Vegas.

Jack succeeded in gaining control of Newman Enterprises. When Victor heard the news, he returned to Genoa City, where he learned from his pal, Douglas, that everyone thought he was dead. After overhearing a conversation between Nikki and his children, Victor mistakenly believed that no one missed him. He asked Douglas not to reveal the truth and headed back to Hope's farm in Kansas. Victor's presence created a dilemma for Hope. She was attracted to him, but she accepted a marriage proposal from her longtime friend, Cliff. While wedding plans were underway, Victor arranged to return home. When Hope learned of Victor's plans, she told Cliff that she couldn't marry him. Disappointed, Cliff broke the news to Victor. Soon after, Hope accompanied Victor on his return to Genoa City.

Everyone was stunned to learn that Victor was still alive. Nikki was relieved because she continued to have strong feelings for Victor. However, she felt threatened by Hope's presence. Nikki suggested that Victor was helping Hope out of gratitude for the kindness that she had shown him in Kansas. Feeling out of place and worried that she was interfering in Victor's relationship with his family, Hope headed back to her farm. At Newman Enterprises, Victor fired Jack for taking control of his company. Upset by Jack's dismissal, John and Ashley resigned. Soon after, they made plans to create a rival cosmetics company. Unfortunately, their loan papers were denied. The stress caused John to suffer a heart attack. Out of love for his family, Jack promised Victor that he'd stay away from Jabot, provided Victor rehire Ashley and John.

I thought finding the evidence was their job.

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I was shocked to learn that this plan, being fully funded in 1999 with a surplus of $961,000.00, had by 2002 developed a solvency deficiency of $2.5 million which has since ballooned to approximately $13 million.

This is particularly alarming since other documents on file at your office attest to the fact that during the period of 1999 - 2005, the pension plan's investments had high rates of return (13% in 2002) as well as a growing membership base. Actuarial reports for recent years offer no explanation for this at all. One actually states rather smugly that it's pointless to look at these details. Yet during this period a huge solvency deficiency developed and the plan's transfer ratio plummeted from 1.0 to 0.67.

by 2002 developed a solvency deficiency of $2.5 million which has since ballooned to approximately $13 million

Royal Host (TSX:RYL.UN) (TSX:RYL.DB) (TSX:RYL.DB.A), a diversified hotel Real Estate Investment Trust, today announced that it has sold its 50% interest in the Travelodge Hotel and Conference Centre - Toronto to a residential condominium development group for $10.8 million.