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However, King will inherit a union that has watched big contract gains made over the last two generations simply melt away as the auto industry downturn worsened. Union members hired prior to the current downturn continue to make $28 per hour. But when the industry recovers and the Detroit Three will hire new employees, they will only be guaranteed $14 per hour...
First to speak was David Bahati, the young parliamentarian who sponsored the bill. He received a warm reception from the audience of a few hundred people, many of them students. "They say that if you are a homosexual, you are more likely to contract AIDS," Bahati said, to applause and laughter. "If you are a homo, you can reduce your life span by close to 20 years!" Bahati is a member of the Family, a fundamentalist Washington group that has been criticized for allegedly sending influential U.S. Senators and Representatives overseas to promote anti-gay and antiabortion policies, according...
...most closely watched deal will be the Indian Air Force's planned purchase of 126 multirole combat aircraft, a contract worth about $10 billion. The IAF has recently begun its field tests of the six finalists, who represent India's old and new allies. In the running are Russia's MiG35, Boeing's FA-18, Lockheed's F-16 and fighter jets from EADS, Dassault and Saab. This is the biggest single tender ever floated by the Indian military, and the decision will be influenced as much by geopolitics as by technical superiority. "Strategic weapons are not only about technology...
...even more sensitive case turned up in July. Namibian prosecutors are charging representatives connected to a Chinese state-owned manufacturer of security scanners with bribing local officials to win a $55 million contract in 2008. Until last year, the head of the company, Nuctech, was none other than Hu Haifeng, the son of China's President Hu Jintao. Although the younger Hu has not been publicly implicated in the case, Chinese censors quickly squelched news stories on the bust within China. (Separately, E.U. officials are also investigating whether Nuctech engaged in illegal activity in Europe...
...catalyst for the flurry of agreements appears to be the BP-CNPC deal, Iraq's first international oil contract in nearly four decades. The British and Chinese companies won the right to drill for 20 years in what is believed to be one of the world's four largest fields with potential reserves of about 65 billion barrels. Though it will earn only $2 a barrel, BP says it aims to keep expenses down by using low-cost Chinese labor and equipment. The group promised Iraq's government that it will nearly triple the field's output from 1 million...