Word: mayorally
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...year. First Alcoa shut its wheel-rim plant in June after more than two decades in operation, idling 365 people. Then last month Goodyear Canada did the same at its engine-hose plant, forcing 165 out of work. "It's created a great deal of turmoil," says Carrier, mayor of Collingwood, Ont., a town of 25,000 north of Toronto. "Families aren't sure how they're going to pay bills. Some have moved away." The closures mean not only lost jobs but also a loss of nearly $5 million in annual wages and taxes for the local economy...
Quebec Premier Jean Charest recently announced a $620 million aid package to help his French-speaking province's ailing manufacturers and has urged the federal government to follow his lead. In the meantime, Mayor Eddie Francis of Windsor, Ont., near Detroit, is trying to cope with an 8.6% unemployment rate in a town known as the automotive capital of Canada. "It's a challenge and we're going to have to get through it," he says. The strong loonie may be great for cross-border shopping excursions, but it's of little help to anyone without a paycheck...
...None of this puts the former New York mayor out of the running yet. But his wait-until-February strategy means Giuliani will have to live off the land longer than his rivals, and won't likely get the momentum bump that comes with a win for weeks. That situation is hardly, as Giuliani would say, "hopeless and dire." But combine it with all of the other issues Giuliani is facing, and it surely qualifies as adversity...
...Indeed many Koreans admire Lee, a can-do former Seoul mayor and rags-to-riches industry tycoon with a personal fortune estimated at $38 million (making him the wealthiest among the presidential candidates). Lee grew up in a poor family in the east coast town of Pohang, became a senior executive at the conglomerate Hyundai at age 36 and played a role in the nation's rapid economic development in the 1970s and '80s. As mayor of Seoul from 2002 to 2006, Lee won praise for his management of the city, putting an end to recurring subway strikes and creating...
...Japan is getting little help from its neighbors. While Lee Myung Bak, the conservative-leaning Seoul mayor widely tipped to win South Korea's Presidential elections on Dec. 19, is expected to take a harder line with the North generally, Japan's single-minded focus on the abductions makes South Korean observers squirm. Kim Hyun Ho, director of the Chosun Ilbo Research Institute for Korea, notes that while Seoul claims more than 480 abducted citizens of its own, it worries that such a "very political" issue could cloud ongoing nuclear negotiations. "South Korea doesn't want this...