Word: waterfront
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Headquartered in renovated offices on the rundown waterfront of Baltimore, Md., Under Armour is privately held by Plank, 30, his mother, five brothers and two partners. Under Armour manufactures about half its gear in Honduras, Mexico and other countries in the Caribbean basin. Wages are higher in Baltimore, but the company makes about half its goods there and in other U.S. cities to ensure rapid turnaround for key products. Under Armour ships 175,000 items a week, mostly shirts selling for $25 to $50 but also shorts, socks and headgear. All are made of various blends of polyester and Lycra...
...smugglers to get them this far, and they hoped to use Sangatte as a base from which to sneak into the U.K. Denied access to the center by the French government's recent decision to turn away all new arrivals there, the men installed themselves instead in a tiny waterfront chapel and refused to leave. Some threatened to go on hunger strike. "We'll fight to stay here," their spokesman announced through a line of riot police. But when the riot police finally moved into the church, the migrants didn't fight but filed obediently into buses waiting to ferry...
...closer to reality as the European Court of Justice ruled that Rolf Danner, who lives in Finland, should receive the country's normal tax breaks although he pays into a German pension. The ruling is key for companies who want one scheme for all their E.U. employees. On The Waterfront The International Longshore and Warehouse Union went on strike, shutting down all 29 West Coast ports in the U.S. The strike halted $1 billion in revenues per day, hitting Asian Pacific economies especially hard as companies like Toyota and Nissan were forced to stop production or find other ways...
...dockworker's job has long been dirty and dangerous, as memorialized in the Marlon Brando movie On the Waterfront. Workers have struggled against shipping magnates and corrupt union bosses alike to improve working conditions and push full-time wages up to an average of $106,000 a year. But in the proud history of the longshoremen, this is surely the first time ports have been shut down to preserve the right of a few hundred unionized shipping clerks to keep using pencils and clipboards instead of computers and electronic scanners...
...Everything is backing up like plumbing," says Robin Lanier, executive director of the West Coast Waterfront Coalition, which represents retailers and manufacturers that depend on the ports. The coalition has called on President George W. Bush to use his authority under the Taft-Hartley Act to impose an 80-day cooling-off period. But as long as a mediator is meeting with both sides, Bush is unlikely to intervene...