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  Institute of Industrial Relations Library
   Labor and Employment Weblog
   University of California, Berkeley
Updated 2/2/2004; 1:34:31 PM

Monday, January 05, 2004

Bon-Ton Cutting Jobs at Elder-Beerman (AP). AP - Bon-Ton Stores Inc. said Monday it plans to cut 311 of the 450 jobs at Elder-Beerman Stores Corp.'s corporate headquarters as part of its acquisition of the retailer. [Yahoo! News - Business]
3:09:36 PM    comment []

ECB, eurozone governments pass the buck as euro continues to rise (AFP). AFP - The soaring euro, which threatens to derail a fragile economic recovery in the 12-nation eurozone, has highlighted the absence of a coherent exchange-rate policy as governments and the European Central Bank pass the buck over how to rein in the single currency, analysts said. [Yahoo! News - Business]
12:23:24 PM    comment []

US manufacturing hits 20-year high. US manufacturers are enjoying an increase in demand, raising new hopes about the breadth and depth of the economic recovery. [BBC News | Business | World Edition]
12:20:42 PM    comment []

Surprise slide in German sales. German retail sales dropped in November, raising concerns that tax cuts may not be enough to breath life into Europe's largest economy. While demand  A sudden drop in German retail sales may not bode well for an economic recovery in the 'sick man of Europe'. [BBC News | Business | Economy | World Edition]
12:19:54 PM    comment []

South Asia 'agrees to free trade'. A framework for a regional free trade zone is reportedly agreed as a regional summit opens in Islamabad. [BBC News | Business | Economy | World Edition]
12:18:57 PM    comment []

'Bleak' forecast for UK workers. The UK's top firms expect to make redundancies and cut back on training in 2004, according to a union report. [BBC News | Business | Economy | World Edition]
12:18:30 PM    comment []

Brussels probes UK's long hours. The European Union is investigating whether UK workers are being forced to work longer hours than their EU counterparts. [BBC News | Business | World Edition]
12:10:24 PM    comment []

Kenya lecturers continue to down tools. Kenyan University lecturers have vowed to continue their strike for higher pay despite some state-run universities re-opening after an eight-week closure.  Strike will go on; government says it will review salaries, but won’t say by how much. [Africa Online Top News]
12:04:41 PM    comment []

U.S. Navy to Close Base in Puerto Rico (AP). AP - Navy ships are vanishing from Roosevelt Roads Naval Station, ending an era when defense spending boosted Puerto Rico's economy and the U.S. territory was seen as a strategic asset. [Yahoo! News - World]
12:01:19 PM    comment []

Economic Outlook of Gulf States Is Bright in 2004. The major negative consequences of the war on Iraq did not materialize and 2003 turned out to be better than expected economically. The six Gulf states, Jordan, Morocco, Algeria and Tunisia are all expected to record another year of high growth rates. Lebanon and Egypt, while lagging behind, will do better this year compared do 2003. Syria, threatened by US economic sanctions, may witness a slowdown in its economic activities while Palestine will remain in limbo as Israel’s aggression continues unchecked.   [Arab News: Business]
11:09:27 AM    comment []

''Better Than Foreign Aid'' In less than two weeks, the leaders of the 34 democracies in the Americas will meet in Mexico at a special summit to address one central question: How, as economies grow and wealth is created, can societies benefit as a whole? [CalTrade Report]
11:05:07 AM    comment []

On the Job: Seattle area home to six of nation's best employers.  The Seattle area is a great place to live, with dramatic scenery and a wealth of recreational options. It also boasts six of the nation's best companies for employees, according to Fortune magazine.  [Seattle Post-Intelligencer: Business]
11:01:33 AM    comment []

Balancing family, work: More Americans decide they can't have everything. Can we have it all simultaneously? The great career, enough family time, the house, vacations, college savings?  [Seattle Post-Intelligencer: Business]
11:00:09 AM    comment []

West Africa's Cash Crop. In Ghana, growing pot can give a country starved for economic opportunity a chance to participate in the global economy -- but not if the DEA has its way. [AlterNet]
10:52:43 AM    comment []

Despite Rebound, States' Budgets Are Still Reeling. Although the worst may be over, state budgets will continue to be stressed by slow job growth and rapidly rising health care costs. By John M. Broder. [New York Times: NYT HomePage]
10:50:11 AM    comment []


Copyright 2004 Janice Kimball