Word: pension
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Estimated cost per day to France's rail authority of the transit union's strike over President Nicolas Sarkozy's pension-reform plans...
...administrative staff to leave their jobs and join nation-wide protests against government plans to slash nearly 23,000 public sector jobs next year. Those walkouts greatly broadened the front opposing government reform initiated Nov. 14 by transport and utility workers, whose ongoing strikes against the tightening of their pension schemes have caused most rail travel throughout France to be canceled, and have brought suburban train, subway, and bus service to a crawl. Tuesday's movement even found echo in the private sector, where Air France employees resumed strikes begun in late October to demand better pay. That mass action...
...problems. Aside from Brazil's reputation for epic corruption, gaping inequality and baroque bureaucracy--it takes 152 days to start a business there, according to a KPMG consulting study, compared with 32 in Argentina--there are more pressing issues of an overvalued real, high taxation, weak infrastructure and especially pension reform. Incredibly, Brazilian pensioners receive more money as a share of GDP than the rest of the population of 188 million, sucking investment from badly neglected areas like education. Says Renato Fragelli, director of the Graduate School of Economics at the Fundação Getulio Vargas think tank...
...November, the guilds agreed to vote on the strike. Nine out of ten writers voted in the affirmative. On Oct. 26, representatives of the Alliance of Motion Picture & Television Producers (AMPTP) presented the WGA with an offer consisting of, among other things, higher caps for employer contributions to pension and health funds. The WGA turned them down, and on the morning of Nov. 5 writers at NBC studios in New York walked out. The first WGA strike in nearly 20 years is underway in New York and Los Angeles, and Harvard alumni are playing an integral role on both sides...
...outside world, France's nationwide transport strike Wednesday will look like just another in a long line of work stoppages by French workers and their notoriously militant labor unions. Here on Planet France, however, those protests over proposed pension cutbacks are being viewed as the first major battle in a wider zero-sum war - the outcome of which will determine the fate of President Nicolas Sarkozy's vast reform program...