Word: lowes
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...textile factories, and from construction sites throughout what used to be a booming province. Among them is Zhang Dingli, 36, who worked in a toy factory for a decade. But in early November, the plant closed. He is a victim of an economic transition - a move away from the low-end, low-wage, export-oriented manufacturing on which much of China's rapid growth was built - that has been made more urgent by the global economic crisis. As China's double-digit growth rate plummets, thousands of factories are being shut down and millions of workers are being thrown onto...
...technocrats in Beijing pull this off? The country has an advantage: it has not yet leveraged its enormous domestic market. The service sector has huge potential. Consider entrepreneurs like Colleen Wang. Instead of employing low-wage metal benders, Wang's ad agency, Rayken, provides jobs for young, middle-class professionals: graphic designers, art directors, a couple of account executives and several copywriters...
Skeptics raise other concerns, ones that go beyond the copycat effect. Couldn't happy people simply be exposed to similar lifestyles or social factors that explain their shared joy, such as favorable weather, low unemployment rates or a winning baseball team? If that were the case, argue the authors, then happiness would spread more uniformly among all the relationships; instead, it varied depending on whether the friendship was mutual or merely one-sided. As the investigators teased out these factors, they found that environment didn't have nearly the power that relationships...
...that FICA finances Social Security payments, and the connection between money in and money out helps keep Social Security secure. There's a simple answer: among the many problems we now face, the danger that a majority in Congress will gang up against Social Security benefits must surely rank low...
...profit institution with a long-term horizon, Harvard can afford to take relatively low-impact steps to address its budget shortfall. So far, Harvard has not had to follow the lead of the market in issuing a shower of pink slips. However, Harvard is far from immune to the market downturn, and, while we would ideally want to avoid cutbacks altogether, restricting salary increases and new hires is a reasonable decision that will minimize impact to our community, while hopefully helping to ease a significant portion of the $100 million shortfall...