Word: high-tech
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...found that the metalworking industry shed 300,000 jobs in the two years after the 1995 strike - a result, he believes, of the 4% wage hike that was agreed on. He estimates that for every 1% of increased wages, the economy will lose 1% employment as companies invest in high-tech machinery or transfer jobs to Eastern Europe. "The rank-and-file not only are not concerned about unemployment," he says, "but also it seems they are not worried about their own jobs." To maintain employment, he notes, wage settlements would have to be less than the growth...
...where bulk goods are stacked on pallets and sold to the public wholesale. The mammoth Wal-Mart chain?annual revenues of $218 billion made it the largest company on this year's FORTUNE 500 list?emphasizes customer service to bring in the crowds while keeping prices in check with high-tech inventory management?and by using its clout to cow suppliers. Charles Holley, senior vice president for Wal-Mart International, calls his company's formula for wringing profits out of low-margin merchandise "the productivity loop...
Apart from featuring high-tech design, these hits have also primed audiences to assume that "there's stuff in [CG animation] for teens and adults," says Fox marketing executive Jeffrey Godsick, "and that's why you see a willingness in them to go to these movies on their own." Shrek, with its bathroom humor (you don't put Eddie Murphy and Mike Myers in a movie and get a Sunday school lesson) and inside jokes about rival studio Disney, made the genre seem cool to teens. Ice Age, directed by Chris Wedge and produced through Fox's digital arm, Blue...
...roots of terrorism will be severed not by high-tech bombing but by empathic foreign policy and social change. Equally important are educational programs within moderate and progressive Islamic sects. Terrorists have been raised on a diet of exaggerated Western "evil," and this can be overcome only by a campaign in which interpretations of Islam are debated by believers. There is also a great need for discussions by U.S. representatives--governmental and nongovernmental--about how the West will finally and honestly begin to address social inequities within poor Islamic countries. JOE MCFATTER Dallas...
...high-tech security gear that is making life more complicated for air travelers, sometimes it's the smallest things causing the biggest headaches. Last week Boston's Logan became the fourth airport in as many weeks to be temporarily shut down because a screening machine was unplugged. Even more annoying, the problem can be solved by a simple $29.95 piece of hardware. After one such disruption two weeks ago, an airline-industry executive went to Home Depot, bought a device that locks a plug into an outlet and gave it to an official of the new Transportation Security Administration. Rather...