Word: laborer
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...away at the domestic job market. In 1992, before the treaty was ratified, independent U.S. Presidential candidate Ross Perot famously warned voters to prepare for the "giant sucking sound" of jobs moving across the border to Mexico, where NAFTA would enable companies to take advantage of cheap labor. Mexico's average hourly manufacturing wage is still only about 13 percent of that of the U.S., but even with that persistent disparity, most jobs these days aren't being shipped to America's southern neighbor. Instead, they're going to China, whose explosive economic growth in recent years has posed...
...economic conditions worsened in 2008, NAFTA became a hot issue during the U.S. Presidential campaign again. Democratic candidates Senators Hillary Clinton - whose husband signed the treaty in 1993 - and Barack Obama both blamed NAFTA for lost American manufacturing jobs and suggested that terms might be renegotiated to include higher labor and environmental standards. The idea would be to stem the "race to the bottom" among companies seeking the cheapest costs of doing business, ultimately encouraging them to keep jobs in place...
...media since North and South Vietnam were reunified in 1975, blogging has become a growing - and risky - new forum for political dissidents to spread information about social abuses and government corruption. The new generation of blogs covers everything from criticizing top ranking officials for chartering planes to monitoring labor violations. Before this month, no formal blogging or Internet restrictions were in place, but several cyber dissidents - such as Huynh Nguyen Dao, Nguyen Bac Truyen and Le Nguyen Sang - have been arrested for posting anti-government propaganda online. The government regularly shuts down politically sensitive blogs, and to avoid arrest, some...
...That will come as welcome news to the Spanish government, which is currently attempting to reduce immigration into the country. In response to the global economic crisis, Spain's once receptive labor ministry recently introduced a plan that essentially pays unemployed migrants to return to their country of origin. On Dec. 20, the administration extended the period during which police can detain undocumented migrants and barred legally registered immigrants from bringing over any family member of working...
...blue for Chrysler, Cerberus' other problem child. Though the billions in TARP aid President Bush authorized for Chrysler and GM will buy Chrysler some time, there are difficult issues ahead. Unless labor costs can be brought down to parity with the foreign transplants, and without the restructuring of Chrysler's debt, the company cannot be restored to long-term health and the government loan will be unlikely to be fully repaid. (Read about GM's, Ford's and Chrysler's bailout plans...