Word: ironed
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Dates: during 2000-2009
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...their desks slaving away until late at night or in regular evening drinking fests, than with their own husbands and wives. Layoffs were considered unseemly. In Japan, a social contract of "lifetime employment" guaranteed full-time employees they would have jobs until retirement. In China, communism brought the "iron rice bowl" and institutionalized cradle-to-grave employment with state-owned companies...
...northern plains of India to cattle markets near the border, where they are dispatched to smugglers who try to sneak them over in ones and twos. The smugglers quickly learned how to get around the fence: the latest in smuggling technology involves a jury-rigged contraption of bamboo poles, iron hooks and old barbed wire used to haul small cows up and over the 10-ft.-high (3 m) fencing...
...longer. In early November, four of the five factories abruptly informed their workers that they were switching to a three-day week. Then the layoffs started. The cast-iron foundry, which pays the best wages, cut 80 of its 1,200 workers, and managers announced they might have to fire up to 600 more. The cable factory laid off 40 people and cut pay 15% for those who remained. At least they're being paid: the machinery factory nearby is two months in arrears. "People woke up one day, and everything had changed," says Ivan Pronin, editor of the local...
...American" clause in the President's economic stimulus package states that only U.S. iron, steel and manufactured goods can be used in construction projects funded by the bill. The package has already been approved by the House of Representatives, and the Senate is currently debating an $888 billion version of the bill...
...provision would also cost far more jobs than it created, according to a study by the Peterson Institute for International Economics in Washington. Although it focuses on iron and steel provisions, the "buy American" clause would save just 1,000 U.S. jobs because steel is very capital intensive, the study's authors Gary Hufbauer and Jeffrey Schott say. "In the giant U.S. economy, with a labor force of roughly 140 million people, 1,000 jobs or less is a very small number," they wrote. That number, they contend, would be exceeded by the jobs that would then be lost...