Word: kiels
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...Germany. Even if Schröder's measures get through the legislature - which is far from certain - they seem unlikely to create millions of jobs. "Given the magnitude of the problem of unemployment, they don't really address that particularly well," says Dennis J. Snower, president of the Kiel Institute for World Economics. He's particularly critical of the €2 billion earmarked for transport infrastructure. "Trying to improve the working of the economy by choosing a sector like that hasn't worked in most countries," Snower says. But there were some supporters, including Jürgen R. Thumann, president...
...Like characters in the TV drama ER, Germany's emergency-room doctors have a pretty tough life: work a day shift, spend the night in the hospital as the doctor "on call," and then work another day shift. Thanks to a complaint from a doctor in the city of Kiel, their life may now get easier...
...dollar has allowed the U.S. to max out its national credit card with purchases overseas, the currency imbalance is starting to cause pain in the U.S. "There are signs that the U.S. economy is struggling hard because of the strong dollar," says Harmen Lehment, a currency analyst at the Kiel Institute of World Economics. "The strong dollar is not in the interest of U.S. policy." That in part explains why the U.S. government has slapped tariffs on imported steel and offered a package of new subsidies to American farmers. In Europe, a strong euro has the potential for both good...
...transferring jobs to other countries is an omen." Though membership soared after German reunification in 1990, IG Metall's long-term trend is downward. Between 1991 and 1997, the union lost a million members and is now down to about 2.7 million. Harmen Lehment, an economist at the Kiel Institute for World Economics, found that the metalworking industry shed 300,000 jobs in the two years after the 1995 strike - a result, he believes, of the 4% wage hike that was agreed on. He estimates that for every 1% of increased wages, the economy will lose 1% employment as companies...
...fried fish as the reason for her long life. DIED. RUDOLF HELL, 100, inventor of the first machine that electronically dissolved text into a stream of dots to be reassembled at the receiving end, on which fax machines and scanners are based; in Berlin. Last year the city of Kiel commemorated his achievements by renaming the Siemenswall Rd., which leads to his former plant, the Dr.-Hell-Strasse. DIED. HERMAN TALMADGE, 88, former U.S. senator and governor of Georgia who predicted that "blood will run in Atlanta's streets" after the Supreme Court outlawed segregation in 1954; in Hampton, Georgia...