Word: binding
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...laid off last week from his toolmaking job in Troy, Michigan, only two months after finding the position. He fears he will have to take a truck-driving job at $7 an hour, less than half his former pay. "The older people like me are really in a bind," he says. "The younger ones can get retraining. But who's going to retrain you if you've got only five or 10 years left?" The depth of the need for some coherent system of retraining was demonstrated recently in California, when more than 1,000 people arrived...
...World Bank's Serageldin draws a fascinating graph. The vertical y line represents bonding -- quite literally the ties that bind a society together. The horizontal x axis represents options and opportunities -- freedom. Each society and each individual must make a trade-off, represented by an oblique line that angles up between the x and y coordinates. Someone who opts for traditional social bonds loses opportunities, but someone who chooses total freedom risks losing the social ties that give his life meaning. The U.S. and other developed countries rank high on options and opportunity, low on social bonds. Traditional societies like...
...woman, told some Nigerian friends of mine that she would charge them 50 kobo (about $1) to examine the artifacts. You, she said, pointing to me, pay two naira (about $4). I protested that if the chains were indeed genuine, which I doubted, they might have been used to bind one of my ancestors; therefore, I didn't understand why I should pay four times as much as Nigerians to get a look at them. Two naira, she snapped back. At that, my Nigerian friend John Chiahemen suggested we leave, explaining that "she must be a descendant of those coastal...
...Interactive system will do it, as will some CD-ROM computer drives). Kodak sells a $400 Photo CD player that reads both music and photographic compact discs, but until such devices are widely used, the company is likely to be caught in a classic chicken-and-egg marketing bind: people won't want to spend $25 to have their pictures put on a disc they cannot play, and few will want to buy the player without a library of discs to view...
...survived snags over textiles, avocados and chickens and still faces a stiff test in Congress. After 14 months of almost nonstop and frequently contentious haggling, negotiators for the U.S., Canada and Mexico were poised to sign the North American Free Trade Agreement, which would bind 363 million consumers into the world's largest trading zone with a combined gross domestic product of more than $6 trillion...