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...drive the communist country's remarkable transition from moribund planned economy to a booming capitalist one. But this year, Vietnam's outlook has dimmed. While GDP growth remains strong at more than 7%, the inflation rate has rocketed to 25%, there have been a large number of outbreaks of labor unrest and the stock market has plunged by nearly two-thirds since January, making it the worst-performing in the world...

Author: /time Magazine | Title: Vietnam's Prime Minister Tackles Inflation | 6/23/2008 | See Source »

...Just four months after a 100-day writers' strike ground Hollywood to a halt and cost the state of California more than $2 billion and 27,000 jobs, the movie business is once again facing the possibility of a strike - this time by actors. The anticipation of labor unrest in July has kept movie studios from starting production on any big films since April, while TV productions are working double-time to get as many episodes of their fall shows in the can as possible...

Author: /time Magazine | Title: Another Strike in Hollywood? | 6/20/2008 | See Source »

...world, yet we work much harder to fight drug trafficking." He urges governments to keep a generous quota for legal migrants open "so smugglers don't have a monopoly" on getting people over borders - especially since the economies of richer countries have come to depend heavily on the labor of migrants. "Just as you can't govern against the market, you can't resolve the global labor market with border controls," Guterres says, advocating a more comprehensive approach to lessening the pressure between the destitute and their destinations. "Migration should happen out of choice, not necessity, " he says. "We have...

Author: /time Magazine | Title: The Global Refugee Crisis Worsens | 6/20/2008 | See Source »

...their original division of labor, the old media broke news while the blogs dispensed opinion. But look at two of the biggest stories of the Democratic primary: Barack Obama's comments that working-class voters are "bitter" and Bill Clinton's rope-line rant that a reporter who profiled him was a "scumbag." Both were broken by a volunteer for the Huffington Post website, Mayhill Fowler...

Author: /time Magazine | Title: The Beltway-Blog Battle | 6/19/2008 | See Source »

...focuses on the compelling reasons for understanding and accommodating those who naturally want to make a "better life," even if doing so means breaking the law [June 16]. But a nation must decide what policy best serves the long-term interests of all concerned. We are currently swamping the labor markets of the working poor, minorities, the unskilled and legal immigrants with millions of illegal workers who want to make a better life. Legal Americans deserve our compassion as well. Matthew Bracken, ORANGE PARK...

Author: /time Magazine | Title: Inbox | 6/19/2008 | See Source »

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