Word: laborer
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...case to be made that one or more large retailers could face problems not unlike those being faced by GM. The largest retailers have two advantages over car companies. For the most part, they do not have crushing debt loads. Secondly, they do not have the legacy labor costs that are a result of UAW negotiations with The Big Three, although some have pension plans that are not completely funded...
...Once shy of making major foreign investments, Beijing has gone on the prowl for resources and underpriced assets across the globe. Cash-rich Chinese companies, backed by soft loans from state banks and re-energized by lower labor costs as jobs dry up, are descending on Central Asia, Africa and even Western Europe to snap up assets. State mining company Chinalco has tabled a $19.5 billion bid for British-Australian resources giant Rio Tinto. Beijing has launched a fund to buy distressed assets worldwide, inked a deal with Brazil's Petrobras and provided Russia with a $25 billion loan...
...Student Labor Action Movement, a Phillips Brooks House Association program that focuses on promoting labor rights on campus, also addressed the Council during yesterday’s meeting...
...Boeing's stock is going to fall a lot further, but not for the reasons that analysts had guessed. The impression among investors who follow Boeing is that boneheaded management had allowed poor labor relationships and a slowdown in the launching of the company's new 777 flagship, which has been set back by well over year, to undermine the tremendous demand for the firm's planes...
...Even if Boeing had gotten the 777 out of the hanger on time, it would have taken years to fill the company's backorders. The cancellations which began recently would have overwhelmed Boeing's capacity to hit its sales goals. All of the delays and all of the labor unrest showed that the people who ran Boeing were not qualified to run Boeing, but it ended up making no difference. (See the 50 worst cars of all time...