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...contest among all socioeconomic classes. Society can and should remove structural and economic barriers to employment, and firms will have no choice but to survive the increased demand on their resources. If the U.S. eliminates such obstacles, it will move one step closer to making RFK’s question a relic of the past...
...mushrooming number of undergraduates partaking in unpaid internships—up from nine percent in 1992 to 83 percent in 2008—has led many, including President Obama’s Labor Department, to question the legality and the advantages of such employment. Critics argue that the rise of unpaid internships has led to increased socioeconomic disparity, as lower-income students cannot sacrifice a summer salary to participate in such programs and are thus handicapped in the later race for post-collegiate jobs...
...suggest. The term Chinese use to describe the desire to wash away a sense of national humiliation is xuechi, which suggests blotting out a stain as if you were covering it with falling snow. But it can also be translated as "avenge." It's an ambiguity that captures a question that no one really knows the answer to: What is China looking for, acceptance or revenge...
...question is whether anything other than a massive, one-off revaluation in the RMB versus the dollar - something that is not in the cards - will have any significant impact on employment in the U.S. or Europe. Economists differ around the edges of this debate, but most agree that a big employment impact is unlikely given a RMB rise of, say, 10% over the next year or two. "The thread between the two [revaluation and jobs] is very, very thin," says Derek Scissors, an economist at the Heritage Foundation in Washington. "No currency revaluation of any feasible size will create more...
...China's coal belt welcomed some unexpected news. After eight days trapped underground, 115 coal miners in Shanxi province were dramatically rescued. In China, where mine disasters are grimly commonplace, the rescue was trumpeted as a miracle. And in the U.S., where mine safety is sometimes seen as a question that was resolved decades ago, the death of at least 25 men a painful reminder of the risks they face...