Word: exportation
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What's Right with Germany I hope the signs of Germany's economic turnaround, discussed in "Back on Track" [July 26], are real. But this recovery must be export driven. The country's lack of domestic consumption is not due to fear of the future but to people not having enough money in their pockets. Economic reforms, necessary as they are, will leave most consumers with very little disposable income. Retirement plans will be smaller, forcing people to save more for the future. The high prices for gasoline do not help the consumer either. As your story reported, with...
...Thailand and even squeaky-clean Singapore--which until this year had banned the G-rated business of selling chewing gum--are being bombarded with billion-dollar investment offers from the same companies that made a strip of Nevada desert synonymous with over-the-top entertainment. The sudden urge to export Vegas-style casinos stems as much from regulatory reform abroad as from limited growth opportunity at home. Indeed, after MGM Mirage announced plans last month to build a casino in Macau, Merrill Lynch predicted that the development would will add five times more value to the company than its proposed...
...Look out, seedy vice dens, Las Vegas is going global. Macau, Britain, Thailand and even squeaky-clean Singapore are being bombarded with billion-dollar investment offers from the same companies that made a strip of Nevada desert synonymous with over-the-top entertainment. The sudden urge to export Vegas-style casinos stems as much from regulatory reform abroad as from limited growth opportunity in the States. Indeed, after MGM Mirage announced plans last month to build a casino in Macau, Merrill Lynch predicted that the development would add five times more value to the company than its proposed mega-merger...
...arguing it should be changed for "those who want to work more in order to earn more.") But, as a practical matter, the 35-hour week now seems to have little sway over many large employers. Workers in Germany are fighting a tide of proposed deals involving threats to export jobs. When DaimlerChrysler said it would move 6,000 jobs from a factory at Sindelfingen, near Stuttgart, to plants in northern Germany and South Africa unless workers agreed to wage concessions, it wasn't bluffing. So autoworkers' union IG Metall agreed to give up a 2.8% pay rise...
...There were cries of opportunism earlier this year when Brazilian export Francileudo dos Santos took Tunisian citizenship in order to play for his adopted country in the African Nations Cup. Although dos Santos's talents made him a key member of the Tunisian side, he wasn't good enough to come even close to playing for his own country, and emigration became an attractive option. The Tunisians slapped down any complaints by pointing out that they were simply following in the well-established traditions of Europe. Dos Santos didn't help matters, of course, when in a recent moment...