Word: earning
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Dates: during 2000-2009
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Life has grown sweeter in Longzhao. Women who once made $10 a month can now take home $30 to $40, while their husbands earn similar paychecks building houses and factories, thanks to the construction boom, or working at jobs once limited to large collectives, like raising pigs and ducks. Liao's husband builds houses. With their combined income of $670 a year, they were able to buy a three-room duplex for $1,700. The collective chipped in about $300, and the couple will pay the balance over several years. Liao does not begrudge the debt, since it symbolizes better...
...they could become victims of some future political shift. Wang Liping (not his real name) saw his father, a university professor, forced to spend eight years as a lathe operator during the Cultural Revolution. Wang avoids drawing attention to himself, but he wants to travel to the U.S. to earn a Ph.D. in management studies. He then hopes to combine teaching with consulting. Meanwhile, Wang realizes that much of his education still cannot be put into practice: "What we have learned about job design and work structure," he says, "would be meaningless in most Chinese factories...
Unfilled planes, combined with People's low fares, have depressed profits. Between October of 1984 and last March, People suffered operating losses of $21 million. In the following six months the airline recovered to earn $58 million, but some Wall Streeters think it moved back into the red during the last quarter of 1985. Its stock has dropped from a peak of 25 7/8 in 1983 to 9 3/8 last week...
Burr went on to earn an economics degree at Stanford and a Harvard M.B.A. He always had a fascination with airlines, and so at 24 he took a job at Wall Street's National Aviation, a mutual fund dealing in airline securities. Six years later, after proving an astute stock picker, he became its president. He left in 1973 to join troubled Texas International Airlines and rose to be chief operating officer within three years. One of his first steps was to begin trying out radical fare discounts to boost business. But Burr soon began to form a more revolutionary...
President Babangida is quoted as saying that previous political formulas have failed. It is not the system but the men who operated the government who have failed. If leaders will act with probity, trust and selflessness, and the masses are given a chance to earn an honest living, Nigeria will have a political machine that will work. Timi Adebowale London