Word: labor
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...flow of migrant workers between Indonesia and Malaysia is considered one of the world's largest and busiest labor hubs. If passed, these provisions will help protect the roughly 3,000 workers Indonesia sends to Malaysia every month. The vast majority of these work as maids and domestic workers and remit billions home every year, earning them their nickname of "foreign exchange heroines...
...weeks ago, the Congressional Budget Office found that neither the bill produced in the House nor the one written by the Senate Health, Education, Labor and Pensions (HELP) Committee - Ted Kennedy's panel - would yield savings in the long run. On the contrary, Democrats on Capitol Hill are having a hard time coming up with ways to keep reform from raising the cost of health care over the next decade. This has given lots of ammunition to both Republican and fiscally conservative Democratic critics of the health-care proposals. And it puts a lot of pressure on the Senate Finance...
...course to achieve GDP growth of about 8% this year, and the fall's dire predictions of massive unemployment leading to social upheaval haven't been borne out. But last week's killing of a steel-company executive by striking workers in northeastern China highlights the ongoing threat of labor unrest even as the country shows signs of emerging from the economic downturn...
...come by. China banned prenatal sex screening in 1994. Nonetheless, an April study published in the British Medical Journal found China still has 32 million more boys than girls under the age of 20. The total number of young people is a problem as well; factories have reported youth-labor shortages in recent years, a problem that will only get worse. In 2007 there were six adults of working age for every retiree, but by 2040 that ratio is expected to drop to 2 to 1. Analysts fear that with too few children to care for them, China's elderly...
According to the Financial Times Deutschland, Wiedeking was entitled to compensation of $200 million or more. But labor representatives on Porsche's supervisory board's protested at such a huge handout and Wiedeking himself suggested a more modest sum. Before the ink had dried on the check, Wiedeking announced he would donate half the money to a Porsche-sponsored charity. Not without a sense of humor, he also pledged to donate $2.3 million to assist "needy journalists". The German taxman will likely get a big chunk of what is left. "For the first time an executive has responded...