Word: townely
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...asked "Who can lead us out of this mess?" We also have to ask; "Who got us into this mess and how do we get them to their Nuremberg?" Joachim Zimmer, CAPE TOWN, SOUTH AFRICA...
...Eisenach, Germany Great historic forces once spread from Eisenach, where Martin Luther translated the New Testament into German to drive the Reformation. Today, this town of 40,000 is notable for the more prosaic fact that it's at the receiving end of a chilling secular influence: slowing demand for automobiles. Opel, a European subsidiary of the beleaguered American giant General Motors, is the town's biggest employer - and when Opel's in trouble, so is Eisenach...
...first Western firms to move east to Eisenach after the Berlin Wall fell in 1989, and it pulled an army of suppliers and service companies in its wake. On Adam Opel Street, Lear Corporation makes seats for the Corsa, while parts makers Mitec AG and Robert Bosch are across town. Uwe Laubach, head of the local chapter of the IG Metall union, says as many as 900 temporary workers in the local auto industry have lost their jobs in recent weeks. "The situation is dramatic," says Michael Lison, head of the industry association Automotive Thüringen...
According to Rafael Martín, the mayor of Alameda de la Sagra, the town's coffers have seen a drastic reduction in income - from an average of $140,000 in recent years to $35,000 - as building license fees have dried up. Although he is determined not to cut social services, he predicts that some planned investments will be revisited in the coming year. "Instead of building a new traffic circle or installing new streetlamps all at once," he says, "we'll have to spread them out over two or three years." But he's most concerned about...
...strange situation," observes a 29 year-old shoe-store clerk and mother of one, who asks not to be named. "Zalaegerszeg is a factory town that may soon have no factories. Many people here will have to go to Austria or the U.K. for work." But despite the mounting anxiety, few blame the global forces that have exacerbated Zalabaromfi's predicament. As the IMF offers Hungary financial and technical assistance to stem the flow of millions of dollars in foreign investment out of the country, and to help steady the nation's sinking currency, Hungarians are pointing fingers at people...