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  Institute of Industrial Relations Library
   Labor and Employment Weblog
   University of California, Berkeley
Updated 2/2/2004; 1:34:35 PM

Friday, January 16, 2004

US consumer sentiment soars to three-year high in January (AFP). AFP - US consumers' spirits soared to the highest level in more than three years in early January, a survey by the University of Michigan showed. [Yahoo! News - Business]
1:51:39 PM    comment []

Foreigners Gobble Up U.S. Assets (Reuters). Reuters - Foreigners' net purchases of U.S. assets were a surprisingly large $87.6 billion in the month of November, up steeply from a revised $27.8 billion of net inflows in October, U.S. Treasury Department data showed on Friday. [Yahoo! News - Business]
1:50:25 PM    comment []

Working to rules: Battle for skills born in the USA Jobs - a lack of them - will be a key issue in this year's American presidential election. While the US media was full of news in the last quarter of 2003 bemoaning a jobless economic recovery - the longer-term picture is very different.  [The New Zealand Herald: Business]
1:44:01 PM    comment []

Retiree Benefit Plans Underestimated Look at the recent surveys on trends in health care costs, and they all point way up. Too bad many companies are ignoring those predictions when tallying the future expenses of their retirees' benefits. [Miami Herald: Business]
1:41:31 PM    comment []

Cal State, Hayward Joins New Latin American Business Consortium  California State University, Hayward is the US partner in a new consortium that will conduct trade missions, research projects and educational exchanges between four Latin American countries - Argentina, Brazil, Chile, and Mexico - and the US. 

The University, which offers graduate business degrees around the world, will join agencies its partner countries in the newly-created Chamber of International Business (CAMBRA), which was launched in Brazil last December.

[CalTrade Report]
11:58:27 AM    comment []

 

Toyota unions give up pay hike demand



NAGOYA — The Federation of All Toyota Workers Unions said Friday it will seek no pay-scale increases beyond standard yearly hikes during this year's "shunto" annual spring labor-management wage talks.

This is the second straight year the federation has given up a unified demand for increases in the pay-scale. The federation organizes workers at Toyota Motor Corp, its subsidiaries and affiliated auto parts suppliers. (Kyodo News)


11:56:38 AM    comment []

Indian tech firms look to US recovery. The Indian software industry hopes the pick-up in the US economy will cool the backlash against outsourcing work to India. [BBC News | Business | World Edition]
11:53:16 AM    comment []

Creative Class War. Other countries are encroaching successfully on what has been, for almost two decades, the heartland of our economic success -- the creative economy. We can lay the blame at the feet of the Bush administration. [AlterNet]
11:52:31 AM    comment []

Industrial Production Rises 0.1 Percent (AP). AP - Industrial production at the nation's factories, mines and utilities rose by only 0.1 percent in December, marking a slowdown after a sizable ramp up in activity the month before. [Yahoo! News - Business]
11:50:15 AM    comment []

Europe's economic engine stalls Germany's economy - for so long the engine of EU economic growth - slipped into reverse for the first time since 1993, official figures published yesterday have shown.

Economic growth in Germany declined by 0.1 percent in 2003 after two years of flirting with recession. Germany remains close to the bottom of the EU economic league table, with only Portugal and the Netherlands registering slower growth. 
[EUobserver: Economy and Euro]
10:47:59 AM    comment []

Child soldier use rises globally. The use of child soldiers in war has increased massively in some African countries, human rights groups say.  The Coalition to Stop the Use of Child Soldiers says in Ivory Coast, Liberia and the DR Congo recruitment of children increased massively in 2003. [BBC News | Africa | World Edition]
10:37:12 AM    comment []

US to fight EU sanction request. Washington vows to fight EU plans to impose trade sanctions if an illegal US trade law is not scrapped.  At issue is the Byrd Amendment, under which US companies get part of the fines levied against rivals who sell products at artificially low prices.  The World Trade Organisation (WTO) found that the payments were illegal.  [BBC News | Business | World Edition]
10:35:01 AM    comment []

WTO warns US on trade policy. The World Trade Organisation warns that the growing trade deficit could give rise to protectionist pressures in the world's biggest economy. It criticised barriers to US market access through subsidies and tariffs which protect the agriculture, steel, textiles and clothing sectors.  [BBC News | Business | World Edition]
10:33:35 AM    comment []

Anti-globalisation summit opens. Tens of thousands of fair trade and peace activists converge on the Indian city of Bombay for the start of a giant six-day open-air rally. [BBC News | Business | World Edition]
10:32:09 AM    comment []

Irish offer jobs to EU newcomers. Irish Deputy PM Mary Harney invites new EU members to send their workers to Ireland - and to adopt their model to make the most out of the EU. [BBC News | Europe | World Edition]
10:31:23 AM    comment []

Ericsson cutting management pay. The mobile phone firm is reducing the pay of its top managers in response to public criticism over fat-cat deals.  The Swedish telecoms group is to reduce the remuneration of its 150 most senior managers by 10%. [BBC News | Europe | World Edition]
10:30:25 AM    comment []


Copyright 2004 Janice Kimball