Word: waging
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Dates: during 2000-2009
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...shut off credit to Argentina, which owes $48 billion in loans. Although the country promised the IMF last September that it would slash inflation from a 687% annual rate to 300%, prices are now rising at an 851% pace. The government is trying to slow the whirlwind by limiting wage hikes to 90% of the previous month's cost of living increases, but that policy has led to a series of strikes, which threaten to stall economic growth. Admits President Raúl Alfonsín: "The government is multiplying its efforts to get the country back on its feet...
Segregation underscores the differences in the way South African blacks and whites live. A middle-class black, even though he may earn a decent wage (perhaps $4,200), is forced to reside in a ghetto. A middle-class white, earning around $9,000, can live in a three-bedroom house in a pleasant suburb with a live-in maid and a small swimming pool...
...teams of six to 15 people. Each team would be responsible for large sections of the car, and its members would have the latitude to reach a consensus on how to divide up and rotate job assignments. Most important, production workers would receive a salary instead of an hourly wage as they do now, and the pay would be directly tied to performance...
...autos in China, announced it would curtail business trips to the mainland for safety reasons. Meanwhile, eight events for the Korea-Japan Friendship Year have now either been postponed or cancelled. Roh posted a "letter to the nation" on his website declaring that his country must be prepared to wage a "diplomatic war" with Japan...
...hold more high-level political offices than their counterparts abroad. Child care is provided by the state, and although the Prime Minister, Goran Persson, is a man, he is also a "declared feminist." So what is Sweden's new political party, Feminist Initiative (FI), fighting for? "We have systematic wage discrimination, a growing problem with violence against women, and images of women as sexual objects confront us every day," party leader Gudrun Schyman told TIME. "What we need is to mobilize women and put these issues at the top of the political agenda." It seems that Schyman, a former Left...