Word: roache
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...weeks many artistic activities is slated for tonight. At 7 p.m. in the Lyman Common Room there will be a performance of "Living on," by Emmy-award winning writer Lois Roach. The play explores the impact of AIDS on those who have lost loved ones to the disease...
...full employment" in which companies are producing all that they can and any strong increase in demand could drive up wages and prices. Wages have already begun to spiral higher in industries as varied as insurance and mining, he said. Other panelists, however, discounted the threat. Said Stephen Roach, senior international economist for Morgan Stanley: "The efficiency that's being built into American industry is going to allow the U.S. ample running room to sustain economic growth in the 2.5%-to-3% range for several years without any meaningful inflationary pressures...
...upshot, according to TIME's Board of Economists, is this: the increases in productivity, or output per worker hour, that have helped make the U.S. No. 1 again have also laid the groundwork for an unprecedented period of steady growth in output and employment with little inflation. Says Stephen Roach, senior international economist at the investment firm of Morgan Stanley: "Ultimately, that could be translated into the long-awaited improvement in the standard of living of the American worker." But, as he and other board members note, it hasn't happened yet. Making it do so, says Roach...
...view in Flint, Michigan. It is the site of General Motors' Buick City works, which is central to all GM auto production because it makes parts for assembly plants throughout the country. Buick City, in turn, was the scene in late September of a strike that, says Roach, "was symbolic of an issue that is really at the core of the debate right now: do workers get to reap the benefits of the improved efficiencies that they are delivering to employers...
...plant also uses 200 temporary employees who do essentially the same jobs but make only $20,000 annually because they work only two or three days a week. Economywide, the number of temps in the labor force has more than doubled in the past decade. Says Roach: "The ((job-creating)) leader in this recovery is not IBM, not Wal-Mart, not General Motors. It's Manpower, the company that offers you a job for a week without benefits, not knowing where you're going to be next Monday." About the only way in which the Buick City situation is untypical...