Word: garments
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...schools, and an overhaul of the subway and commuter-rail systems is moving slowly. "We have only one full-service hospital below 12th Street, and it has serious financial challenges," says Alan Gerson, a lower Manhattan city councilman. Of all the neighborhoods, Chinatown has shown the least improvement. The garment industry there never fully recovered, existing zoning laws inhibit residential development, and the area is struggling to make the most of the hundreds of small businesses that dominate the area. But Chinatown has a new leader for its business district: Wellington Chen, who promises to boost tourism and marketing...
...itself seems very much to be self-made. Because Harvard qualifies them as a club sport instead of a varsity sport, their funds from the College are quite limited. Chang says that they “make their own costumes, sewn together with appliqués from the Garment District.” “There’s a dance aspect, and there’s a small business aspect,” Laskowska says.“Sweatshop element,” Chang interjects, giggling. Pringle recalls an incident at nationals, at which dancers from New York...
...labor laws make it virtually impossible to fire unproductive workers, and managers in foreign-owned factories complain about pervasive government corruption and interference. In January, Hanoi abruptly decreed that the minimum wage paid at foreign-owned factories would rise by 40%, a move designed to end mass strikes by garment workers in the south. The country's first oil refinery has been delayed for seven years and two foreign investors have pulled out of the $1.5 billion project because government officials insist the refinery be located not in the south, near existing ports and oil fields, but in the center...
...biggest shadow over Vietnam's rising star, though, is its long-delayed entry into the World Trade Organization. Vietnamese-made garments, the country's second largest export earner (after crude oil), are still hamstrung in the important U.S. market by quotas that don't apply to most WTO members. If Vietnam can gain entry, as is expected, this year or next, garment exports are projected to double to $10 billion by 2010. Vietnam is already the world's largest pepper exporter, and the second largest exporter of rice, cashews and coffee. "Now that it's getting attention, Vietnam...
...unclear just how much Fernndez means to challenge this, even though his Dominican Liberation Party (PLD) is slightly left (but pro-business) and his upbringing quite modest. His mother fled the island to work as a seamstress in a New York City garment factory, which afforded Leonel some formative years in New York City's Upper West Side. To many, Fernndez seems more fixated on consolidating power than on advancing his government's ambitious agenda. His government, for example, is spending almost as much building a subway line--$700 million--as it does on education and health together...