Word: unrested
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Dates: during 2000-2009
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...China equities at JP Morgan in Hong Kong, believes some 60,000 businesses closed in the region, and the government estimates about 10 million migrant workers are unemployed. The downturn has put "huge stress on the job market," says Credit Suisse economist Dong Tao, which "could cause some social unrest. That's my worry...
...Lithuania BALTIC RIOTS Just days after clashes in the Latvian capital Riga, unrest triggered by mounting economic woes spread to neighboring Lithuania, where protesters in Vilnius hurled eggs and rocks through the windows of the Parliament building (above). After enjoying years of rapid growth, the two former Soviet republics have been pummeled by the global financial crisis; Latvia has experienced the sharpest economic reversal among E.U. nations. Discord over controversial reforms has imperiled their governments, with members of Latvia's ruling coalition calling for early elections...
...artwork. On Monday afternoon, the board of Air France-KLM approved a deal to acquire a 25% stake in the Italian carrier for $414 million. Linking up with another major foreign airline was widely considered the only way that Alitalia could survive following years of cost overruns, labor unrest and political meddling that has led to more than $3 billion in state aid since 1998. (See pictures from Italy...
...last Wednesday, have virulently opposed the new consortium, which has trimmed the 20,000 work force by some 3,000, and cut pay and benefits to those employees who remain. Unions say that joining up with Air France is essentially the death knell for the Italian carrier. More labor unrest is expected. But many ordinary Italians will finally be satisfied that an apparently viable solution had been found to avoid more public investment or outright failure of the national carrier...
...aside any of their windfall, or shortsightedly budgeted on sky-high prices - and more than a few fall into both categories - are grappling with tumbling revenues. The reality of lower oil prices for countries such as Iran, Nigeria, Russia and Venezuela in 2009 is likely to include political unrest, massive cuts in public spending, and rocketing inflation and unemployment. "The brutality and speed of the price decline is a huge shock economically and politically for some of these countries," says Didier Houssin, director of energy markets and security for the International Energy Agency in Paris...