Word: laboral
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Dates: during 2000-2009
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...supply. The Saudi's have spoken out for keeping it unchanged and because of the size of their output they usually rule the day. Speculators still seem prepared to trade crude above $60 on most days. A fair number of analysts see oil moving to $70 or $75 by Labor Day. The cost of a barrel of crude will move up if there is strong evidence that the demand in China is growing. Ironically if there are signs of a sharply improving economic picture in the U.S., oil could move up more than most traders expect. (See pictures...
...island's manufacturing has moved offshore, Taiwan has needed to foster new industries, especially in the service sector, to generate growth and jobs, but a lack of access to China has hindered those efforts. "The transformation from a manufacturing base to more of a services base is still experiencing labor pains, and it still has a lot to do with cross-strait difficulties," Kung laments. (Read "Taiwan's New Head Seeks Change...
...apply in Dubai, the most populous of the seven states that comprise the United Arab Emirates. Abu Dhabi, the seat of political power in the UAE, controls most of the country's oil resources. With less oil to tap, Dubai has used low taxes, easy money and cheap Asian labor to transform itself into one of the region's most dynamic economies. The city state developed a kind of signature swagger, expressed most gaudily in the gargantuan real estate projects - an indoor ski slope, man-made islands shaped like palm fronds, the world's tallest building - that have turned...
...sacred cows that voted Democratic last November are mooing more happily than ever. Big Labor is making no sacrifices. Nuclear power plants spew no CO2 into the air and consume no foreign oil, yet a serious effort to build new ones is missing from the Obama energy plan because it offends the environmental left. Health-care reform will be massively expensive, yet the trial lawyers' lobby is not being asked to endure the cost savings that tort reform would bring to health insurance. The teachers' unions are unscathed as billions in new spending is poured into public education. Costly...
...sugar, cooking oil and salt (previously they had to be purchased in neighboring Botswana or South Africa and brought into the country). "I think they have done a lot," says economist John Robertson, "but prices must go down, and that will happen only when production improves." He adds, "Our [labor costs] are still high compared to other countries' in the region." (See pictures of how Mugabe bullies his opponents...