Word: minimums
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...Height of a Chinese woman who unsuccessfully sued the city of Shenzhen after being sacked from a government job for not meeting the minimum-height requirement...
...justified criticism of China is its lack of workers' rights, which contributes to its cheap labor. In the southern boomtown of Shenzhen, a hundred workers who package computer keyboards and mice that they say bear the IBM logo walked off the job in December to demand the legal minimum wage of $73 a month and the legal overtime rate of 66? an hour (instead of the 34? they had been receiving). Since independent unions are banned, they took their protest directly to the government, spending a night outside city hall. The next day their employer, a Hong Kong firm called...
...range. He has long been a supporter of gun control and gay rights, though not gay marriage. He voted against mandatory sentences for drug dealers who sell to children; against the death penalty, even for cop killers; against restrictions on abortion. He favored higher gas taxes and raising the minimum wage; he supported providing disability payments to people whose disability was drug addiction or alcoholism--a position he defended in part because of the number of veterans still wrestling with substance-abuse problems...
...separate account right for you? Once upon a time, you had to be a Vanderbilt or a Rockefeller to qualify. But just as hedge funds, private equity and other formerly exclusive alternative investments have become more broadly available in recent years, so too have separate accounts. Traditionally the minimum investment was $1 million or more, and it still is at many firms. The fund company T. Rowe Price requires $2 million to get into a separate account...
...Bank of America, Smith Barney, Merrill Lynch and others have begun to offer separate accounts with minimums as low as $100,000. And some enterprising investment managers, like Denver-based Curian Capital, have pushed the minimum down to just $25,000, using sophisticated software that allows the firm to buy fractions of shares. Anyone considering separate accounts should have resources to open at least three to spread risk across different funds, which with most separate-accounts managers will require up to $300,000. That's no small sum. But it's not J.P. Morgan material either, and given the abusive...