Word: labors
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Dates: during 2000-2009
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...growing at about 8% to 9% a year. Japan, he pointed out, averaged a growth rate of about 10% for 25 years during its big developmental leap starting in the 1950s. China's inflation is relatively low, and a huge surplus of workers in China keeps the labor market humming--and cheap. The starting salary of an average Chinese college graduate today is one-third lower than it was three years ago, Fang said, and 30% or more of graduates can't find jobs despite the 9.1% growth rate. "Wage pressure is nowhere to be seen," he said...
...French economist, like Fang, warned against excessive focus on currency. Governments, particularly in France and Germany, need to continue reforming their economies to boost productivity, reduce the relatively high cost of labor and find better investment uses for a huge pool of savings that is sitting in bank accounts that yield very low returns. France's savings rate is higher even than Japan's. "The strength of the euro highlights European structural problems; it doesn't cause them," Blanque said...
...most of its exports are in euros, which means it benefits coming and going. "We dream about this situation," Sikora said. Poland is the biggest of the 10 nations set to join the E.U. later this year, and Sikora is hopeful that accession will boost growth. Poland's lower labor costs give it a competitive edge, and it continues to enjoy some foreign direct investment, although the amount has dropped off in the past few years. A recent McKinsey report suggests that Poland is well placed to create as many as 500,000 jobs over the next five years...
...wound tightly into our social history. One of these is the value set on "mateship"; another, related to it, is a much paraded dislike of elitism. Mateship--essentially, male bonding--began in the harsh world of the penal settlement. It continued in the hardly less tough environment of labor that was the lot of most men in the bush: shearers, station hands, shepherds. To have a mate was to survive; to betray that mate was to be a scab, less than a man; such was the hard calculus of colonial life, and its traces are very much alive in Australia...
...Queen, cancel any law enacted by the Australian government or even throw out the government and call for new elections. Or he may not. In practice he almost never does. The last and only time he did was in 1975, when the G-G, Sir John Kerr, fired the Labor government led by Gough Whitlam. This caused shock and resentment. Millions of Australians felt that Whitlam, their hero, the great reformer of government policy in the domains of race, immigration, foreign policy and the arts, had been stolen from them. There are still plenty of people around who regard this...