Word: paying
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...bring things like bird cages through the [smuggling] tunnels [on Gaza's border with Egypt]," he says, adding that they are no longer allowed to import the cages from Israel. "The price in Egypt is cheaper than it is in Israel. But the problem is that we have to pay $50 for each container to bring them through the tunnel. So we can't make any money...
...Alexander, who had journeyed through the most dangerous part, hadn't lost a single soldier. "How is that possible?" asked the battered general. "Easy," replied Alexander. "The chief of the Afghan tribes stopped us and said, 'If you want to cross the mountains, either you pay us in gold or we fight.' So I paid," he said with a shrug...
...your studies sifted through 30 years of Social Security records following the 1982 recession and determined that earnings losses for folks laid off amid a downturn are not only high but very long lasting. Upon getting new jobs, they took, on average, annual pay cuts of 25% to 30% and even 15 to 20 years later were earning around 20% less. Why? What can happen is that workers often cannot find another job in their same industry. If a worker had accumulated skills that were specific to that industry, then can't find a job in that industry, those skills...
...rest? We were looking at workers who had a stable job at a good firm, and it usually takes a long time to find such a good job match. These types of jobs pay more, but they don't come along that easily. Once you lose such a good job, you may not find another like it. There was a component of luck in having found that matching job, and it's hard to get lucky twice...
...what if this recession isn't an ordinary recession? There is a widespread belief among economists that a secular shift in global spending patterns is under way. U.S. consumers, the usual drivers of economic growth, are reducing their outlays and may do so for years to come as they pay down debt. Under this "new normal" scenario, some of today's spare capacity may never come back into action because total demand will remain depressed indefinitely. Factories in some crowded sectors will have to be permanently closed or retooled to make different products...