Word: joblessness
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...surplus since the fall of the Berlin Wall 16 years ago. The good news is that buoyant exports have boosted business confidence in Europe's biggest economy and led to an unexpectedly strong increase in domestic demand. German companies appear to be hiring again: in December the number of jobless fell by 100,000, the best improvement in years, although the overall unemployment number remains a very high 9.6% of the workforce...
...last year, the largest since the fall of the Berlin Wall. The good news is that buoyant exports have boosted business confidence in Europe's biggest economy and led to an unexpectedly strong increase in domestic demand. German companies appear to be hiring again: in December, the number of jobless fell by 100,000, the best monthly improvement in years, although the overall unemployment number remains a very high 9.6% of the workforce...
...worst. As a slightly less pessimistic British writer, Martin Amis, has observed: "Ballard is quite unlike anyone else. Indeed, he seems to address a different - a disused - part of the reader's brain." Kingdom Come addresses the shopping lobe. Richard Pearson, a newly jobless advertising executive, visits the Brooklands Metro-Centre, an enclosed shopping mall of gigantic proportions - 20 supermarkets, 30 pharmacies, two hotels - along the M25 motorway near London's Heathrow airport. Two weeks earlier his father, a retired airline pilot, was killed there along with other shoppers when a deranged gunman opened fire. But Pearson soon finds...
...sponsored refugee relief centers throughout the city. There, Syria's new guests can pick up staples like bedsheets and bottled water, and sign up with the Ministry of Labor for help finding work. (Less lucky are the hundreds of thousands of Syrian migrant workers suddenly back home and jobless - the legion of cheap labor that built the recent wave of pricey new Beirut high-rises, and cleaned the apartments inside...
...fiscal policy, stacking up Budget surpluses when there's a good case for tax relief. But Cullen has no room to move. A current account deficit heading toward a "Banana republic" rate of 10% of gdp puts enormous pressure on the Kiwi dollar. A place that boasts the lowest jobless rate among rich nations can neither hold on to its best people nor save enough to fund its lifestyle. Sometimes the lights go out in Auckland...