Word: nationalizes
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...America has a class of cheap labor now as well, which the country does not want to face. In doing so, the nation has to admit to itself that the millions of manufacturing jobs with high hourly wages, lifetime benefits, and a pension will not be part of the economy in the future. That is true. The U.S. manufacturing base cannot be competitive if it keeps the legacy benefits that unions like the UAW negotiated for their members in the years that Walter Reuther ran the union...
...certainly not everyday social conflict or even paramilitary conflict—descends into stasis, it is worth meditating upon what the war has been worth. Amidst all the rhetoric of doubts and redoubts, one practical concern should worry President Rajapaksa in particular: What are the chances of a legitimized nation-state if an entire ethnic group feels that it has, for the last 25 years, been a target for elimination or, as the more impassioned critics claim, genocide...
...safely and more profitably than the Americans did. Too bad, most Panamanians say, that their government is still best known for the kind of corruption and waste that has marred the small Central American country's reputation ever since pirates haunted the Caribbean. If they could just run the nation the way they run the canal, Panamanians believe, they could become a world-class maritime commercial and financial center - the Hong Kong of the Americas. Or maybe give Miami a run as the unofficial capital of Latin America...
...chief of Panama, but only the nominal boss of the canal authority, Martinelli will have little technical control over what will be the nation's most important order of business during his five-year presidency (he is constitutionally limited to one term). That's the Panama Canal expansion, a massive dig that will add a third set of locks able to handle the supersize, "post-Panamax" ships. Those vessels can hold up to 12,000 20-ft.-long containers and are considered the future of commercial-cargo shipping...
...president's bellicose language underscores the uphill battle the nation has to fight to recover from being the epicenter of swine flu. Following the biggest shutdown in its recent history, the country will gradually get its cogs rolling again Wednesday. But the economic impact of the closures and lost tourism has already been calculated at $2.2 billion, according to Finance Minister Agustin Carstens. Mexico is also facing the suspension of flights and cancellations of visa application from countries across the globe, threatening trade and tourism further. And amid these challenges, the swine flu itself, although less deadly than feared...