Word: a2
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Dates: during 2000-2009
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...filters for automobiles. But last month, after reducing his workforce from 600 six years ago to just 50, Campbell closed the factory. Ryco-brand products will now be made overseas. "The total cost of labor for a process worker is $A49,000 a year. In China, it's $A2,500 a year. Add the cost of shipping and other things, and we can employ 15 people in China for the cost of one Australian worker." Factoring in longer work hours and leave, the Chinese worker will also toil for 100 days a year longer than his Australian counterpart. Then there...
...A2 billion has been liquidated, including the shock sale of the nation's proudest status symbol, the 51-storey Nauru House tower in central Melbourne. Receivers appointed to recover a $A263 million debt to the General Electric Corporation sold the property last month. Adeang, one of several young, well-educated reformers in the government elected in an October landslide, says most of Nauru's 10,000 residents have finally accepted that change must happen: "We have said there is no other way but reform...
...Other environmental issues have failed to arouse the same clamor in this campaign. Both sides are promising to pursue water reform, with Latham announcing $A1 billion to revive the Murray river, and the Coalition touting a $A2 billion water fund to expand water recycling and efficient irrigation infrastructure. But to the concern of many scientists, crises like salinity and biodiversity loss have barely been mentioned. And despite Labor's promise to sign Australia up to the Kyoto protocol on greenhouse emissions and increase renewable energy use, climate change has also struggled to stir voters. "I think once they've done...
...increasingly generous backer of private education, with a funding formula that pivots on the socioeconomic status of the students' district of residence and takes no account of a school's facilities or fees. Still, when funding from all levels of government is tallied, private school students drain between $A2,000 to $A7,000 a year from the public purse, compared to the state student...
...increased transparency on royalty payments. The Rating Game Goldman Sachs became the first major bank to contest the downgrades of Japan's credit rating by Moody's, Fitch and Standard & Poor's. Goldman Sachs said Japan is not a default risk and deserves an Aaa rating instead of A2, which places it below Botswana. BOTTOM LINES "A hedgehog could have crossed any major road in relative safety." Rob Maynard, Royal Automobile Club spokesman, on the absence of a rush hour during England's early-morning Nigeria match "The problem I have is not firepower, it is a shortage of targets...