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Thus Thatcher will press more re forms on the labor unions, including legis lation that would require union leaders to stand for re-election every five years and allow union members to opt out of auto matically paying dues to the Labor Party Declining industries such as steel, coal and shipbuilding will be urged to up productivity and modernize facilities. Besides selling more state-owned companies, she will allow some private utilities to compete with public ones. And in her belief that "property induces responsibility in society," Thatcher plans to permit more tenants to buy their government-built homes. hatcher...
Gift-Card Crisis The canaries in the coal mine of the next recession may well be gift cards. Usually they provide a post-Christmas bounce for stores, but this year, say big retailers like Wal-Mart, cash-crunched consumers are either saving their holiday gift cards or spending them on necessities like toiletries and school supplies instead of luxuries like iPods and DVDs...
...articles I've read about the economic-stimulus package, Kinsley's makes the most sense. The U.S. infrastructure is in deplorable condition, and rebuilding it would create high-paying jobs that couldn't be outsourced. Bridges and highways need repair, new nuclear power plants would replace coal-fired plants, and an agency dedicated to developing new energy sources would allow us to end our dependency on foreign oil. But if this is too ambitious a plan for our politicians, they can give me my handout and I'll buy a large-screen TV. Jerry Ebersbaker, HOT SPRINGS VILLAGE...
...idled, according to Xinhua, China's official news agency. In neighboring Hubei province, some 100,000 people were without drinking water for several days. In rural Guizhou province, an electrical tower collapsed under the weight of the snow, cutting off power for 41 cities and counties. The supply of coal to dozens of regional power plants was disrupted, resulting in electricity outages throughout the country...
...government has imposed price controls on some goods to keep inflation in check, but such policies may be making matters worse. For example, Beijing imposed price controls on utilities in early 2006, stabilizing electricity rates. But at the same time the price of coal, used to generate some 80% of the country's electricity, was left to be set by market forces. With coal prices rising, some power companies curtailed purchases because their profit margins were being squeezed and they were unable to compensate by hiking rates. With reduced stockpiles, the utilities were unable to generate enough electricity when...