Word: pensions
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Dates: during 2000-2009
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...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...
...west shores accounted for more than four-fifths of the two firms' production. That bounty has made this nation of just 4.6 million people rich. Government taxes on the country's oil business--Norway is the world's fifth largest exporter by volume--have helped bloat Norway's national pension fund to around $350 billion. But those good times couldn't last forever. With fields beginning to dry up, oil production has slid to 2.6 million bbl. a day this year, from 3.5 million six years ago, says John Olaisen, Oslo-based energy analyst at Carnegie, a Nordic investment bank...
...Deval L. Patrick ’78 signed into law a bill divesting state pension funds from certain companies that do business with the Sudanese government, which has been accused of backing the ongoing genocide in the Darfur region of Sudan...
...legislation requires the state’s Pension Reserves and Investment Management Board (PRIM) to hire a third party that will investigate company business activities pertaining to the genocide in Darfur...
...Even the international press thrilled at the omnipresence of France?s young, dynamic can-do President, and Sarko could use some of that spin now. That's because France's economy is stalling, purchasing power is falling as oil and food prices soar, and a series of strikes over pension reform and job eliminations in the public sector are likely to make November a nightmarish month for the French. At least Sarkozy's return to the diplomatic Big Top will generate the kind of press attention capable of momentarily distracting the French public from the grim scene at home...