Word: cheaping
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...longer growing rapidly is that any expansion in innovation or increased industrial activity will happen somewhere else. That place or those places have already been identified as India, China, and the other vibrant economies of southern Asia and Latin America. The case in their favor is simple. They have cheap labor. But, cheap labor is itself exhaustible. China has created a middle class, and so has India. The people in those middle classes will expect to be paid better and better over the years ahead. (See pictures of China going to Africa...
...America has a class of cheap labor now as well, which the country does not want to face. In doing so, the nation has to admit to itself that the millions of manufacturing jobs with high hourly wages, lifetime benefits, and a pension will not be part of the economy in the future. That is true. The U.S. manufacturing base cannot be competitive if it keeps the legacy benefits that unions like the UAW negotiated for their members in the years that Walter Reuther ran the union...
...Prevention has issued a travel advisory, as it has for Mexico. To be able to cancel for any reason, you'll have to invest in a "cancel for any reason" insurance policy, offered by companies like Travel Guard. But that kind of peace of mind doesn't come cheap - up to an extra 35% to 50% of the policy's price, estimates Linda Kundell of the USTIA - and depends on your age, your itinerary, how far out you are booking and the cost of your vacation. Depending on the policy you buy, the insurance plan...
Meanwhile, on the streets of the Afghan capital Kabul and the Pakistani frontier city of Peshawar, cheap, mass-produced DVDs feature footage of coalition atrocities: mud-brick Afghan villages leveled by allied attacks and ordinary citizens allegedly killed by coalition fire. Also popular: a montage from the anti-Soviet jihad of the 1980s, part of a running effort to portray the current foreign troops as "invaders." Other discs show Taliban executions of so-called traitors and spectacular attacks against coalition forces...
...Does this spell the end of a process that brought cheap plumbers and chirpy barmaids westwards, anchored democracy and stability in the east, and reunited the European family...