Word: indexation
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...becoming the first to lower its rate since the U.S. passed a minimum-wage law in 1938. Officials say a 2006 amendment to Colorado's constitution--in which voters opted to tie minimum wage to inflation--forces them to cut the rate because the state's consumer price index fell this summer...
...Europe is clamping down: "For the first time since 2002, the press freedom index's top 20 is not quite so European. Only 15 of the 20 leading countries are from the Old Continent, compared with 18 in 2008. Eleven of these 15 countries are European Union members. They include the top three, Denmark, Finland and Ireland. Another E.U. member, Bulgaria, has been falling steadily since it joined in 2007 and is now 68th (against 59th in 2008). This is the lowest ranking of any member of the union." (Read about the future of Europe's newspapers...
Press Freedom Index 2009 Reporters Without Borders...
...another item to the list of areas of life supposedly improved by the "Obama effect": press freedom. Reporters Without Borders secretary-general Jean-François Julliard credits the President with the U.S.'s jump from 36th place to 20th in this year's eighth annual world press freedom index. Atop the list, which is compiled based on questionnaires completed by hundreds of media experts and journalists worldwide, are a Scandinavian quartet - Denmark, Finland, Norway and Sweden - and Ireland. The bottom three spots are occupied by Turkmenistan (173rd), North Korea (174th) and, for the third year in the row, Eritrea...
...China Merchants Group, wrote in Thursday's Financial Times. Qin said he didn't think "a quick, steep bounce driven by fiscal fixed investment is a good thing for China," adding that the current loose monetary policy should shift to neutral. On Thursday, Hong Kong's Hang Seng Index dropped by 0.5% and the Shanghai Composite Index fell 0.6% on concerns that China would begin to tighten monetary policy in response to fears of expanding bubbles in real estate and financial markets. (See pictures of China's infrastructure boom...