Word: earning
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Dates: during 2000-2009
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...floodplains of Soc Trang Province in Vietnam's Mekong Delta are a maze of rivers and canals dotted with villages so impoverished that local farmers earn less than $1 a day. It is not an obvious place to seek a fortune, but capitalism finds a way. Steering his ramshackle boat along the Ke Sat River, Nguyen Van Hon operates a floating sundries distributorship...
...ties up and makes deliveries to half a dozen small shops. The local farmers may be poor, but they have the same needs and desires as middle-class urbanites, and Hon's business is growing. He sells hundreds of thousands of soap and shampoo packets a month, enough to earn about $125--five times his previous monthly salary as a junior Communist Party official. "It's still a hard life, but it's getting better," Hon says. "Now I have enough to pay my daughter's school fees. Soon I'll have saved enough to buy a bigger boat...
...Save the Seals by Skipping Scallops?" [April 4], about the protest against Canada's government-sanctioned seal hunts in which baby seals are clubbed to death: I agree with the Humane Society of the U.S.'s boycott of all Canadian seafood. In many former whale-hunting areas, the locals earn their income from whale-watching tours. Let's turn the tide from baby-seal slaughter to seal watching...
...nation's 45 million people, whites (directly or through equity positions) control 69% of the companies listed on the Johannesburg Stock Exchange; 27% are in foreign hands, and just 4% are controlled by blacks. The imbalance is also pronounced among wage earners. Some 100,000 white South Africans earn more than $60,000 annually; just 5,000 blacks do. While there is some good news--according to the South African Advertising and Research Foundation, almost 300,000 blacks became middle-income earners (between $13,000 and $23,000 annually) over the past three years--there is still 40% unemployment, which...
...course CEOs rake in the dough. But a study says the beefier paychecks can't be explained by increases in their companies' market cap or anything else. In other words, the bosses didn't earn those hikes. The study--done by two professors, one from Harvard law, the other from Cornell's business school--found that among S&P 500 companies, the compensation of CEOs soared 146%, on average, from...