Word: roads
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...European countries are concerned the new investor Magna, along with its Russian partners, will protect German jobs at the expense of other jobs. "There are going to be more tough negotiations with GM Europe and Magna," says Klaus Franz, the head of Opel's works council. "A very stony road lies ahead of us. Jobs will be cut, but we hope we can prevent forced redundancies and plant closures," he says. (See the 50 worst cars of all time...
Taking its lead from Britain's Department of Transport - which has a cost- per-life-saved threshold for new road schemes of about $2.2 million per life, or around $45,000 per life year gained - NICE rarely approves a drug that costs more than $45,000 per Qaly (the fictitious drug would easily pass...
...headlined by double-digit declines in exports, thousands of factory closures and the layoff of about 20 million workers. Economic statistics for the first quarter of 2009 were surprisingly positive, leading some economists to conclude that the rate of contraction was slowing and that China might be on the road to recovery. Power-generation and transportation statistics, key indicators of the economy's direction, registered modest increases in March after months of decline. Banks lent money at record levels, investment showed signs of recovery, and auto sales grew nearly 3.9% in the first quarter compared with the same period last...
...work goes on. At the base of a $527 million bridge being built across the Yangtze River in Chongqing, dozens of dump trucks and backhoes rumble amid boulders and mud to prepare an access road to the span, scheduled to be completed this month. "It's good not having to worry about finding work and getting paid," says a laborer named Yang, who is helping construct the Chongqing Grand Theater, a magnificent music and opera house being built on a river headland within sight of the Chaotianmen bridge. "There are so many public projects going on, there will always...
...point out that Governor Mark Sanford of South Carolina has refused $700 million in stimulus cash. Please tell the governor he should take it. I recently used Interstate 95, having just returned to New England from a vacation in Florida. The deplorable condition of that road in Sanford's state makes me wonder if he has his head screwed on straight. Take the money and create some jobs. Kevin Murray, MOULTONBORO...