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...World War II. The number of long-term unemployed, people who have been out of work for more than 27 weeks, was the highest since the BLS began recording the number in 1948. Jobless figures released Sept. 4 showed a 9.7% unemployment rate, pushing the U.S. - unthinkably - ahead of Europe, with...
...With Germany's federal election on Sept. 27 looming, GM's decision provides a huge boost for Merkel, whose conservative Christian Democrats are already well ahead in the opinion polls. Opel employs 25,000 workers in Germany - around half of GM Europe's total workforce. German unions threatened mass demonstrations if GM decided to keep Opel, fearing that option would lead to thousands of job losses in Germany. With the green light for Magna, Merkel has received an important psychological boost and can now tell voters on the campaign trail that she managed to save German jobs...
...plant to Germany. Magna executives have said that 10,000 jobs might be axed across Europe. Opel's union chief, Klaus Franz, welcomed news of the deal. "I'm pleased and I'm relieved but I'm not exactly euphoric," Franz told TIME. "I know that hard work lies ahead...
Also, most analysts think the sector's greatest growth potential in the years ahead will come from outside the U.S., especially in the emerging markets, such as China and India, where Hershey has little exposure. In 2008, U.S. sales accounted for more than 90% of Hershey's sales revenue, according to the company's 10-K filing. And analysts believe the chocolate magnate's most effective way to expand its global reach is by acquiring or merging with a company that already has a big confectionary footprint in those markets...
...accounts, it’s clear that Cutler’s newfound fashion industry fame will eventually wane. Even as he promotes “The September Issue” across the globe—backed by Wintour’s own support—he is already thinking ahead to future film projects, though he confesses to a certain lingering fascination with the glamorous life. “I remain curious about the work that [the Vogue editors] do, as well as this industry that I’ve come to know so well.” Such...