Word: laboring
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...perhaps the most blatant example of rewriting history yet came in August, when the city of Moscow unveiled an inscription to Stalin in the marble entryway of the Kurskaya Metro station. In giant letters, it reads: "Stalin raised us to be loyal to the fatherland, inspired us to labor and great works." The praise caused an outcry from human rights groups and opposition politicians, but officials haven't taken any actions to remove it. (See pictures of Putin on vacation...
...morning of the first Friday in December, the Bureau of Labor Statistics (BLS) reported that the unemployment rate had fallen to 10% in November from 10.2% the month before. Hooray! Headlines heralded the unexpected drop. Stock prices surged. Enthused White House press secretary Robert Gibbs: "We're moving in the right direction...
...over. Those who don't have jobs but have looked in the past four weeks are classified as unemployed. After some statistical adjustments to extrapolate the data from those 60,000 households to the total U.S. population, the number of unemployed is divided by the size of the labor force (employed plus unemployed), and there's your rate. Measured that way, unemployment still isn't as bad as it was at the lowest point of the 1981-82 recession, when it hit 10.8%. And it's nowhere near what it was in 1933, when the rate peaked somewhere around...
This method of calculating unemployment was pioneered by the head of the Massachusetts Bureau of Statistics of Labor in 1878, and it has its merits. It's simple. It's straightforward. And it provides a pretty accurate count of those who really, really want jobs. But it also misses millions of people who may not be actively looking for a job but would happily take one if offered. Those ranks surely swell in a deep recession or during a time of economic turmoil that destroys entire job categories (like autoworker). The government's statisticians are aware of this, and since...
King is viewed favorably both by UAW leadership and by outsiders. "Ron is very direct. Bob is a bit more cerebral," says Ford Motor Co. Chairman William Clay Ford Jr., who has dealt extensively with both union leaders. Labor experts including Harley Shaiken, a University of California-Berkeley labor-relations professor, say King, who completed an electrician's apprenticeship while working at Ford in the early 1970s and simultaneously finished a law degree at the University of Detroit, is the logical choice to succeed Gettlefinger...