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...labor force is perhaps the most flexible of any developed country's--and it's going to have to be. More than 2 million factory jobs have taken one-way trips to places like China and India since 2000. Technology-industry analyst Forrester Research forecasts that 3.3 million U.S. service-industry jobs, many in information technology, will move offshore in the next 15 years, taking $136 billion in wages and slowing down wage growth. Better technology and more efficient management have eliminated white-collar jobs too. What that means, then, is that legions of unemployed workers will have to switch...

Author: /time Magazine | Title: Now Hiring! | 11/24/2003 | See Source »

...here and in Europe. The Phaeton is not. Available in Europe for more than a year, it has been no threat to the Mercedes S Class and the BMW 7 Series, selling less than 8,000 units (in 2002 BMW sold 14,670 7 Series cars in Europe). Equity analysts cite the Touareg and the Touran multipurpose vehicle (MPV) as signs that VW is broadening its mix in Europe, enabling it to profit in hot segments such as SUVs and MPVs and to hedge against downturns in other segments. Some are skeptical. Christopher Will, an analyst at Lehman Brothers...

Author: /time Magazine | Title: A Pitch to the Rich | 11/24/2003 | See Source »

...voters simply don't care about another ministerial scandal when they already view all politicians as thieves. Citizens' daily routines involve such a catalog of bribes that official corruption has ceased to be controversial. "Corruption is part and parcel of Indian politics and Indian life," says V.B. Singh, an analyst for the New Delhi-based Center for Study of Developing Societies. "People expect politicians to steal. They don't really mind it unless it affects national security." Even members of the opposition Congress Party say that, in the same situation, they would have done the same. "The BJP has done...

Author: /time Magazine | Title: Teflon Government | 11/23/2003 | See Source »

...Real One, two PC-based rivals. But iTunes is the only music application that will work with the enormously popular iPod, and it has features--like its powerful search function--that are unrivaled. "Once people are locked into using iTunes, the game's over," says Charles Wolf, an analyst at the New York City--based Needham & Co. investment bank. "They could sell an extra 2 million iPods because of this." And the margins on these devices make the Music Store's arithmetic look like child's play. Each $499 iPod returns as much as $175 in profit, Wolf says...

Author: /time Magazine | Title: Coolest Inventions: Invention Of The Year: The 99Â???? Solution | 11/17/2003 | See Source »

...outlets in the U.S., and through most of 2003 those outlets that have been open for more than a year were reporting negative sales growth due to intense competition and consumers who are trying to cut down on fried foods. Among the company's Stateside woes, says Lehman Bros. analyst Mitchell Speiser, "service times are slow and the food isn't seen as contemporary." The U.S. president of KFC resigned in September. To make matters worse, Pamela Anderson, the ex-Baywatch TV actress, recently joined a boycott of KFC led by People for the Ethical Treatment of Animals. The animal...

Author: /time Magazine | Title: Colonel Sanders' March on China | 11/17/2003 | See Source »

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