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...best economic growth during the last 5 years, averaging 5.1 percent per year.” He explained that since 2004, the Colombian government has poured significant sums of money into improving Columbia’s attractiveness to foreign investors. As a consequence, the demand for domestic labor and the foreign direct investment have both greatly increased in the past four years. While the minister praised his own country’s economic performance, he criticized America for allowing its own economy to fall into a state of crisis. “We are facing one of the worst financial...

Author: By Youho T. Myong, CONTRIBUTING WRITER | Title: Finance Minister Speaks of Weakness | 10/8/2008 | See Source »

...Democratic strategists advocates abandoning the hopelessly benighted South and other states—like Ohio and Pennsylvania—that are falling behind in the new economy. But any victory they might win in this way is really quite Pyrrhic from an ideological standpoint: The yuppified Democrats would abandon labor unions and economic populism altogether, marginalize civil rights, and attract middle-to-upper class whites with a boring but effective message of competent governance. This strategic shift would only ignite another culture war, one perhaps just as divisive, fueled by the Oedipal resentment of pseudo-bohemian youth against their suburbanite...

Author: By David L. Golding | Title: Virginia Is For Others | 10/7/2008 | See Source »

...type situation could happen now - though there are few signs of hope on the horizon for solutions to alleviate the effects of the market crash. In September, employment continued to fall in construction, manufacturing and retail trade, according to the Bureau of Labor Statistics, which put the nation's unemployment rate at 6.1%. Shutoffs of electricity and gas are rising as families struggle to pay bills with the onset of winter weather across much of the country. And tent cities are beginning to pop up in places like Reno, Nev., and Seattle for the first time in decades...

Author: /time Magazine | Title: Consumer Confidence: A Key Recession Signal | 10/6/2008 | See Source »

...changes sexes before work one day? Kristen Schilt, a sociologist at the University of Chicago and Matthew Wiswall, an economist at New York University, couldn't quite pull off that study. But they have come up with the first systematic analysis of the experiences of transgender people in the labor force. And what they found suggests that raw discrimination remains potent in U.S. companies...

Author: /time Magazine | Title: If Women Were More Like Men: Why Females Earn Less | 10/3/2008 | See Source »

There's been no lights, camera or action in Bollywood since Wednesday, when roughly 150,000 film workers began a strike to demand better wages, less punishing working hours and a ban on non-unionized labor. With no dancing girls to mysteriously appear out of nowhere when a star begins to sing, and no spot-boys to keep the sets functioning, film and TV shoots have ground to a halt because of the action brought by the Federation of Western India Cine Employees. "All shoots are off. The producers have not stuck to the terms of the agreement they signed...

Author: /time Magazine | Title: The Bollywood Strike Hits Festival Season | 10/2/2008 | See Source »

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