Word: laborative
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...held down by powerful unions and restrictive legislation. Together, the distorted incentives produced by such a system account for the fact that the total number of work hours is only one half of what it would have been if all working-age French were employed. In contrast the labor supply ratio in the U.S. is 20 percent higher, indicating the sharp advantage the American economy has when it comes to its worker productivity...
Another confrontation between a ruthless First World corporation and exploited Third World labor? No, this is the Venezuela of President Hugo Chávez, where any semblance of business as usual is usually unintentional. The miners, who are illegal squatters, were protesting because they say Crystallex is trying to bar them from doing their free-lance work at Las Cristinas--despite the fact that Crystallex has yet to begin operating the mine and, as a result, has failed to create the 1,500 formal, well-paying mining jobs (more than $200 a month, with benefits) that had been promised. Crystallex points...
...Iraq has diverted resources from his real goal of "transforming" the military into a high-tech outfit that can scare the bejeezus out of China. Rumsfeld's Pentagon has refused to undertake the violent reordering of priorities-more special forces, more intelligence, zero boats-needed to fight a scruffy, labor-intensive struggle against an enemy that thrives in shadows in Iraq, Afghanistan and elsewhere. Rumsfeld's relative indifference to the shooting war since the fall of Baghdad, combined with the President's garishly bellicose rhetoric and refusal to ask wartime sacrifices of the public, has led to a national embarrassment...
...plane en route to a labor-union congress in Bordeaux, Jean-Louis Borloo leans out of his seat and jabs a finger at a cluster of suburban housing projects below. "The very design of neighborhoods like that was meant to create zones that no one exits and no one enters," barks Borloo, who as France's Employment and Social Cohesion Minister has made revamping the country's blighted banlieues a personal crusade. Borloo insists that demolishing the "invisible but impenetrable walls" separating project residents from suitable housing, functioning public services and jobs is the only way for France to avert...
...correct the flaws means that the politics of trade will just get nastier. The global economy stands to lose out, too. It's widely assumed that new tariff cuts and the removal of trade barriers would substantially boost growth. Estimates of the size of that boost vary widely, from labor union economists, who say it would be minimal, to the University of Michigan, which figures a reduction of trade barriers by even one-third would increase global economic output by $574 billion a year...