Word: migrant
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...many observers fear that the economic crisis could make the tension even more acute. The central government fears that financial uncertainty could provoke greater social instability, fanning incidents like the Beijing standoff between the chengguan and citizens into bigger outbreaks of violence. The slowdown will also force more migrant workers who can't find steady jobs in factories to make money peddling on the street, provoking further fights with management officers...
...since 2004, most from Eastern Europe. Now not only are those post-Cold War newcomers - who used huge inflows of European development aid to build up U.S.-style economies - most in need of more emergency funding to prop up their credit-dependent markets, but they are also viewed as migrant threats to other E.U. nations already facing escalating unemployment. Not surprisingly, such factors have fueled a rise in the sentiment among old E.U. nations that recent eastward enlargement was a mistake...
...booming real estate market has been deflated by a slowing economy and the global credit crunch. India has a shortage of 24.7 million dwellings in its major cities, according to a recent joint study by McKinsey and the Federation of Indian Chambers of Commerce. Housing shortfalls are exacerbated by migrant workers streaming into many cities who are forced to live in slums made up of shanties lacking basic amenities like sanitation and running water. Roughly 70% of India's 1.2 billion people live on less than...
...came, I was scared," Raghu says. "I thought, Everyone will speak to me in English. But then I found, I actually can manage. I became much more confident, and I thought, I can make a living out of this." In an earlier time, the greatest aspiration of a hardworking migrant would have been the security of a government job, but Raghu wants more - his own business. "If I can get the capital I can definitely succeed," he says. "But I don't know where to get it. That eats me up." (See pictures of Mumbai picking up the pieces after...
...many Mexicans, meanwhile, concern has moved from health to the economy. The global financial crisis has already battered Mexico; now tourism, one of the nation's top three sources of income along with oil and migrant-worker remittances, stands to take a severe hit because of the epidemic scare. (See the top 5 swine...