Word: upwards
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...Labor leader Kim Beazley will have a difficult job convincing Middle Australia that the government has abandoned them and that his party of the workers is also the champion of the upward mobility. Perhaps he'll flick the switch to envy, like his predecessor Mark Latham. At the very least, Beazley must be hoping the new workplace regime makes life less comfortable for working families by the time the election is called...
...transfer energy-price increases to their customers in the form of surcharges. FedEx just raised its fuel surcharge on air deliveries from 12% to 13.5%. Even local pizza parlors, which have been adding a dollar or two to the bill, will reach the push-back point if the upward trend continues. "The pain at the pump this summer is going to be on truckers, taxi drivers, limo drivers, airlines, shipping companies. The question is, Do they pass it on?" says Joe Stanislaw, an independent energy adviser for clients of Deloitte & Touche...
...next few months. A brief recession and the Sept. 11 terrorist attacks in 2001 spurred a prolonged period of very low interest rates. That boosted U.S. consumption?in particular the rate-sensitive housing market?and kept the global economy humming. But long-term rates are now beginning to tick upward: last week the U.S. 30-year treasury bond reached 5.04%, its highest level since late 2004, and the housing market is cooling off?potentially triggering an economic slowdown as homeowners cut their spending...
...nonbinding compact. And critics say the government is trying to slash funding for important support programs, including the Carl Perkins Act, which has funded vocational education across the country since 1984. Spellings says President Bush has proposed converting Perkins and other support programs like GEAR UP and Upward Bound into block grants for states to choose their own fixes. As long as states get results, says Spellings, "we're not going to prescribe particular programs or strategies like vocational education...
...into the hallway under mattresses, but Jenny was caught. "I heard this explosion and I looked up and saw the roof suddenly sucked 30 m up into the air, spinning around and around, and above it the sky was a weird electric blue. I felt myself being sucked upward," she says. "It was like a twister.'' Karl thought the worst: "I heard this scream and then nothing. She's gone. She's been taken.'' Aden was sure he was going to die. "Don't let me go, Dad. Hold on,'' he begged, as he felt the wind pulling...