Word: joblessness
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Dates: during 2000-2009
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...ruling party has snuffed out dissent, leaving Ben Ali unchallenged. Some Tunisians, along with Western diplomats, have begun to wonder whether repression and economic growth can continue to coexist, or whether tight government control might ultimately provoke a backlash as middle-class Tunisians demand more civil liberties, and as jobless youth seek outlets to vent their frustration - not least by joining radical Islamic organizations. "Tunisia is the one Arab country which could afford real political openness, but the system is completely closed," says a former World Bank economist with long experience of Tunisia. "They do not open up, because people...
...about half what they would be in Europe or the U.S. At the same time, Tata has tapped the skills of Italy's Fiat, with which it has a joint venture in India, and of engine designers from Britain's West Midlands region, some of whom had been jobless after closures in Britain's auto industry over the past few years. Indian producers are relentless cost cutters. Many, including Tata, buy parts through Internet auctions to get the best price. Industry analysts speculate that the One-Lakh Car may revolutionize assembly, with some parts glued together rather than welded...
...costs alone are about half what they would be in Europe or the U.S. At the same time Tata has tapped the skills of Italy's Fiat, with which it has a joint venture in India, and engine designers in Britain's West Midlands region, some of whom were jobless after closures in Britain's auto industry over the past few years. Indian producers are relentless cost-cutters. Many, including Tata, now buy parts through Internet auctions to get the best price. Industry analysts speculate that the one-lakh car may revolutionize assembly, with some parts glued together rather than...
...boom in previous years, interest rates had hit an eye-watering 15%, analysts at Bank of America point out in a recent note. That's a long way off today's level. And unemployment neared 10% in 1991, triggering record numbers of home repossessions. With today's jobless rate at 5.4%, comfortably below the level in Europe's other major economies, the labor market offers a good deal more support...
...system that is so good at churning out Olympic medalists seems to be even better at producing poverty-stricken retired athletes. Last year, China's national news agency Xinhua reported that almost half of 6,000 professional athletes retiring from competition each year end up jobless or without further schooling plans. Among them, the winner of the 1999 Beijing International Marathon Ai Dongmei, 26, who announced last year that she had no choice but to sell off her medals so that she could feed her family. Former Asian weightlifting champion Cai Li died of pneumonia at age 33 after...