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   Labor and Employment Weblog
   University of California, Berkeley

Updated 1/5/2004; 10:50:28 AM

Thursday, December 18, 2003

Slow economic times foster a bartering boom in the US. International Herald Tribune [IHT: Business]
4:40:16 PM

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Fidel attends encounter with U.S. entrepreneurs. Fidel talked widely on various economic issues, including fluctuations in currency values and the price of basic goods, the effects of climatic phenomena on agricultural activities, and the problems inherent to unequal terms of trade in a world where the basic exports of the underdeveloped nations are constantly losing their acquisitive capacity. Granma, Communist Party Weekly, Havana, Cuba [Breaking News Headlines from Around the World, Powered by Worldpress.org]
4:05:25 PM

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Hero Honda rules out setting up third plant Ruling out setting up its third plant in the near future, India’s biggest motorcycle maker Hero Honda today said production capacity was sufficient to clock double digit growth this fiscal. [Deccan Herald: Business]
4:03:08 PM

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Businesses Upbeat on Growth, Dollar Slide (Reuters). Reuters - The U.S. economy is finally firing on all cylinders and will see 4.0 percent growth or more next year partly due to a weaker dollar which may continue to head down, the U.S. Chamber of Commerce said on Thursday. [Yahoo! News - Business]
1:46:26 PM

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Agency: France's Growth to Beat Forecasts (AP). AP - France's national statistics institute on Thursday raised its growth forecast for the last three months of 2003 and said the French economy will outpace the government's forecasts next year. [Yahoo! News - Business]
11:54:56 AM

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White-Collar Anger. By off-shoring high-tech and service jobs, American businesses are sowing the seeds of a populist backlash that could redraw the political map. [AlterNet]
11:46:20 AM

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Manufacturing Jumps to 23-Year High (Reuters). Reuters - Manufacturing in the U.S. mid-Atlantic region surged powerfully and unexpectedly in December as new orders jumped to a 23-year high, in one of the clearest signs yet that factories have emerged from a two-year slump. [Yahoo! News - Business]
11:07:07 AM

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Aids toll cuts African lifespan. The Aids epidemic poses an "acid test" of world moral commitment to Africa, says the World Health Organization. While in Switzerland - the "home country" of the WHO - life expectancy is on average more than 80 years, in Zimbabwe, it is it is just under 38 years. [BBC News | Africa | World Edition]
11:03:43 AM

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MeadWestvaco plans 1,000 job cuts MeadWestvaco Corp. plans to eliminate about 1,000 jobs and close facilities next year as part of a $500 million initiative to improve earnings. The reductions announced Thursday will take place across all corporate and business units, the Stamford-based paper company said. [Miami Herald: Business]
10:43:55 AM

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Drop in Jobless Claims Boosts Dow 65 (AP). AP - An unexpectedly sharp decline in jobless claims boosted Wall Street Thursday, sending stocks higher for a third day as investors grew more confident that the economic recovery was firmly under way. [Yahoo! News - Top Stories]
10:26:43 AM

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Chen rules out Chinese labor imports President Chen Sui-bian said that to protect domestic laborers, he would not increase the quotas for foreign labor imports and would never allow the import of Chinese laborers. Taiwan, [The Taipei Times: Business]
10:25:32 AM

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