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...month of severance pay for every year of employment. "In a case where an export market is going down, if you want to reduce your number of workers, then you face a lot of problems," says Stanley Lau, vice chairman of the Federation of Hong Kong Industries. To lay people off, "you need to pay a huge amount in compensation." Nor is there any relief from surging raw-materials costs. And, slowly but surely, the renminbi, China's currency, continues to strengthen - it's now 12% higher versus the U.S. dollar than it was 18 months ago - making China...

Author: /time Magazine | Title: China's At-Risk Factories | 3/20/2008 | See Source »

...predicted location was out by just three nautical miles. Yet his results lay untouched for years as funding and technological limitations hobbled the search effort. Eventually, however, Kirsner's work and research by Mearns using the diary of the Kormoran's captain convinced government to put up more than $4 million for the search, says Ted Graham. "No one had looked in this particular area before - and the technology, the funding and the expertise had not been available until now." Former signaler McDonald, who suspects details of the battle were hushed up at the time, says he won't believe...

Author: /time Magazine | Title: Lost No More | 3/20/2008 | See Source »

...Behind the Memory Foundation lay the idea that if there was one thing that Iraqis had in common, all Iraqis, it was the experience of pain,” he said...

Author: By Lois E. Beckett, CRIMSON STAFF WRITER | Title: ‘A War Over Memory’: Reconstructing a Nation’s Identity | 3/18/2008 | See Source »

...area. But then the subprime mortgage crisis hit hard: in February alone, Stanislaus County had 1,630 foreclosure filings, third highest in the nation. The physical toll it is taking on this hub nestled amid the almond groves is staggering. Huge, dusty stretches of subdivision developments lay untouched or partially built as developers run out of money...

Author: /time Magazine | Title: Foreclosed Homes: A Local Blight | 3/18/2008 | See Source »

...theacting is really modern,” Sachs said.Cooper was also pleased at Sachs’ decisionto portray the character of Harryrealistically. “In the beginning we weregiven the idea to give this a lighter feelthan where we could have gone, but atthe same time to lay the moments with asense of reality,” he said.Also critical to Cooper’s performancewere the lengthy discussions he and thedirector had before filming began. “Thiswas one of those rare opportunities whereIra and I had a chance to sit down and goline-by-line...

Author: By Bram A. Strochlic, CONTRIBUTING WRITER | Title: New Film Marries Suspense and Comedy | 3/13/2008 | See Source »

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