Word: labor
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...economy lost 598,000 jobs in January, more than most economists expected and the biggest percentage decline since May 1980. That brought the unemployment rate to 7.6%, a level it last reached in the summer of 1992, according to data released by the Department of Labor on Feb. 6. Just one year ago, the unemployment rate...
...parliamentary elections on Feb. 10, opposition leader Benjamin Netanyahu (above, center) is widely considered the favorite to become Israel's next Prime Minister. Most polls put Netanyahu's right-wing Likud Party ahead of Foreign Minister Tzipi Livni's ruling Kadima Party and Defense Minister Ehud Barak's Labor Party, by several seats. Following the war in Gaza, national security has become the campaign's central issue, and Netanyahu has accused his rivals of prematurely ending the offensive against Hamas...
Cacao is among the world's most labor-intensive crops. Harvested fruit is sliced open with machetes, and the seeds are then scooped out by hand, placed in fermentation boxes and covered with banana leaves for three to four days. "Technology-wise, we haven't left the 18th century," says Rosenberg. "It is a process that cannot be industrialized." Silvino Reyes, who owns another hacienda, La Concepci�n, agrees: "Although Venezuelan cacao can sell for close to $2,500 per ton, our production level is the same as three centuries ago." That is, about 15,000 tons a year...
...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 if other countries emulate U.S. policies or retaliate against them...
Royal is also harsh with Martine Aubry, the former Labor Minister under whom Royal served as Secretary of State in the late 1990s. Aubry narrowly beat Royal for the party leadership last November. "Despite the primary, the presidential election and a more than honorable score, I'm still her junior minister, and [Aubry] will never see me otherwise," Royal contends, adding that her rival also served as a proxy for male Socialist elephants to deny Royal the party leadership. "They found a woman to battle another woman on the logic we'd beat each other bloody, and they could step...