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  Institute of Industrial Relations Library
   Labor and Employment Weblog
   University of California, Berkeley
Updated 1/5/2004; 10:50:25 AM

Tuesday, December 09, 2003

Samwu to probe pension reductionThe South African Municipal Workers' Union is to probe reports that thousands of retired local authority employees have had their pension pay-outs reduced by 12% per month, the union said on Tuesday. If true, this is just the latest in a series of worrying developments at the Joint Municipal Pension Fund, the union's collective bargaining officer, Dale Forbes, said.  Mail and Guardian, Liberal daily of Johannesburg, South Africa [Breaking News Headlines from Around the World, Powered by Worldpress.org]
3:01:50 PM    comment []

Brown's 'golden rule' gamble. Economic dispatch: The UK economy has far outperformed it's European G7 competitors.  While the UK is expected to hit 2% growth or above, the news from the main eurozone economies continues to be grim. According to the OECD, Germany will stagnate economically this year, showing 0% growth after 0.2% growth last year, while France is expected to expand just 0.1% this year after 1.4% growth in 2002.  [Guardian Unlimited]
11:09:17 AM    comment []

US on top in tech competitiveness. The US is using information technology to boost economic growth more than any other country in the world, according to a survey. [BBC News | Business | Economy | World Edition]
11:03:34 AM    comment []

UK moving up poverty league. The UK may soon move out of the bottom of the European poverty league because of "real progress" by government since 1997, say experts.  The latest figures suggest poverty has dropped below levels of the early 1990s, but progress has been slower on education and regional inequality.  [BBC News | Business | Economy | World Edition]
11:03:14 AM    comment []

Japan optimism despite GDP cut. The economy is growing more slowly than previously thought, figures show, but economists cheer news on machinery orders. [BBC News | Business | Economy | World Edition]
11:02:12 AM    comment []

World trade talks near collapse. The World Trade Organisation says there is little hope of re-starting stalled trade negotiations this month.  Developing country and rich nations are at loggerheads over the scope of trade negotiations and the need to reduce agricultural subsidies.  [BBC News | Business | Economy | World Edition]
11:01:49 AM    comment []

Kroger Profit Falls, Misses Forecast (Reuters). Reuters - Kroger Co. (KR.N), the top U.S. grocer, on Tuesday reported a much sharper-than-expected drop in quarterly profit, hurt by a protracted Southern California labor strike. [Yahoo! News - Business]
10:57:48 AM    comment []

Calif. Strikes Hurt Kroger, Help Costco (Reuters). Reuters - Top U.S. grocer Kroger Co. (KR.N) on Tuesday said California labor disputes slashed quarterly profit, while Costco Wholesale Corp. (COST.O) reaped the benefits as more people shopped there to avoid picket lines. [Yahoo! News - Business]
10:57:33 AM    comment []


Copyright 2004 Janice Kimball