Word: workweek
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...markets fell. Then the European Central Bank kept its rate at 3.25%, prompting concerns that it wasn't doing enough for the economy - and markets fell more. Right To Work Harder Unionists from South Korea's largest industries launched a strike to keep the government from cutting the workweek from 44 hours to 40. The strikers won, and parliament shelved the bill, but with goals like that, Korea's unions probably won't be forming a pact with European counterparts soon...
ROAD TRIP When the workweek is over, Bishkek's better-heeled hit the road for the twisty four-hour drive to Issyk-Kul, a 170 km-long lake in the mountains of northeastern Kyrgyzstan. In Soviet times, despite being the site of secret torpedo tests, Issyk-Kul was a famed R. and R. spot for party cadres in search of pampering at the area's plush hotels and sanitoriums...
...Last week Seillière?president of France's main employers' organization?sternly warned the government to re-examine proposals that "serve neither economic growth nor employment." He also denounced the government's hesitancy to roll back job-protection measures and lift overtime limits linked to the 35-hour workweek. Seillière's criticism of France's nominally business-friendly government was remarkable, since he is not only the nation's leading lobbyist of market liberalization, but also the man who inspired the economic program that helped sweep the conservatives into office last June...
...weeks in 1968 when he was 18, he worked as a gardener. But his gift is not horticulture. His great gift--the one that makes him the best rock 'n' roll singer of his era--is empathy. Springsteen doesn't know what a 40-hour workweek feels like, but he knows how a 40-hour workweek makes you feel. "If you roll out of bed in the morning," he says, "even if you're the deepest pessimist or cynic, you just took a step into the next day. When I was growing up, we didn't have very much...
...other countries from Israel to Mexico--still work a six-day week. Korea's labor unions are negotiating with employer groups to give a two-day weekend to the rest of the work force--a measure supported by the government, which may introduce legislation to make a shorter workweek mandatory. South Korea's plan to adopt a five-day workweek is seen as another sign that it is becoming a global economic player that no longer needs an extra day to catch up with its trading partners. The longer weekend is expected to boost Korea's leisure businesses, including restaurants...