Smlr_net December 2009

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NYTimes.com: Immigration Explorer
by ciudadviejo＠yahoo.com 20 Dec '09

20 Dec '09

This page was sent to you by: ciudadviejo(a)yahoo.com. US | March 10, 2009 Immigration Explorer Matthew Bloch and Robert Gebeloff/The New York Times See how foreign-born groups settled in your area and across the United States from 1880 to 2000. http://www.nytimes.com/interactive/2009/03/10/us/20090310-immigration-explo… ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2009 The New York Times Company

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[IWS] CRS: U.S. ECONOMY IN RECESSION: SIMILARITIES TO & DIFFERENCES FROM THE PAST [10 November 2009]]
by Eugene McElroy 18 Dec '09

18 Dec '09

Congressional Research Service (CRS) U.S. Economy in Recession: Similarities To and Differences From the Past Marc Labonte, Specialist in Macroeconomic Policy November 10, 2009 http://opencrs.com/document/R40198/2009-11-10/download/1013/ [full-text, 11 pages] Summary According to the National Bureau of Economic Research (NBER), the U.S. economy entered a recession in December 2007. It is now the longest recession of the post-World War II era. The recession can be separated into two distinct phases. During the first phase, which lasted for the first half of 2008, the recession was not deep as measured by the decline in gross domestic product (GDP) or the rise in unemployment. It then deepened from the third quarter of 2008 to the first quarter of 2009. The economy continued to contract slightly in the second quarter of 2009, before beginning to grow in the third quarter. This recession features the largest decline in output, consumption, and investment, and the largest increase in unemployment, of any post-war recession. Previously, the longest and deepest of the post-war recessions were those beginning in 1973 and 1981. Both of those recessions took place in a context of high inflation that made the Federal Reserve (Fed) hesitant to aggressively reduce interest rates to stimulate economic activity. The Fed has not shown a similar reluctance in the current recession, bringing short-term rates down to zero. Although inflation exceeded the Fed's "comfort zone" in 2007 and 2008, it was not nearly as high as it was in the 1970s or 1980s recessions, and it began decelerating in the second half of 2008. Economists are divided over whether inflation or deflation (falling prices) is a bigger threat going forward. Both the 1973 and 1981 recessions also featured large spikes in oil prices near the beginning of the recession-as did the current one. Oil markets' disruptions and recessions have gone hand in hand throughout the post-war period. The previous two recessions (beginning in 1991 and 2001) were unusually mild and brief, but subsequently featured long "jobless recoveries" where growth was sluggish and unemployment continued to rise. Since this recession has been neither brief nor mild (since the third quarter of 2008), it is unclear whether another jobless recovery should be expected. A decline in residential investment (house building) during a recession is not unusual, and it is not uncommon for residential investment to decline more sharply than business investment and to begin declining before the recession. The current contraction in residential investment is unusually severe, however, as indicated by the atypical decline in national house prices. One unique characteristic of the current recession is the severe disruption to financial markets. Financial conditions began to deteriorate in August 2007, but became more severe in September 2008. While financial downturns commonly accompany economic downturns, financial markets have continued to function smoothly in previous recessions. This difference has led some commentators to instead compare the current recession to the Great Depression. While the onset of both crises bear some similarities, to date, the effects on the broader economy have little in common. In the first year of the Great Depression, GDP fell by almost 9%, prices fell by 2.5%, and unemployment rose from 3.2% to 8.7% (eventually peaking at 24.9%). The change in GDP, prices, and unemployment in the current recession to date has not been significantly different from other deeper post-war recessions. Most economists blame the severity of the Great Depression on policy errors-notably, the decision to allow the money supply to contract and thousands of banks to fail. By contrast, policymakers have aggressively intervened to ease monetary policy and provide direct assistance to the financial sector in the current recession. Contents Introduction ...............................................................................................................................1 The Length and Depth of Recessions...........................................................................................1 Unemployment in Recessions......................................................................................................3 Consumption and Investment in Recessions ................................................................................5 Recessions and Oil Prices............................................................................................................6 Recessions and the World Economy ............................................................................................6 Recessions and the Financial Sector ............................................................................................6 Comparisons Between the Current Recession and the Great Depression ......................................7 Tables Table 1. Economic Indicators During Post-War Recessions .........................................................2 Table 2. The Unemployment Rate at a Recession's End and at the Rate's Peak ............................4 Contacts Author Contact Information ........................................................................................................8 **************************************** Stuart Basefsky Director, IWS News Bureau Institute for Workplace Studies Cornell/ILR School 16 E. 34th Street, 4th Floor New York, NY 10016 Telephone: (607) 255-2703 Fax: (607) 255-9641 E-mail: smb6(a)cornell.edu<mailto:smb6@cornell.edu> **************************************** -- Eugene McElroy Rutgers University School of Management and Labor Relations Library 50 Labor Center Way New Brunswick, New Jersey 08901 732-932-9513 tel: 732-932-9513 ********

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[IWS] CRS: THE RISE OF CHINA'S AUTO INDUSTRY & ITS IMPACT ON THE U.S. MOTOR VEHICLE INDUSTRY [16 November 2009]]
by Eugene McElroy 18 Dec '09

18 Dec '09

Congressional Research Service (CRS) The Rise of China's Auto Industry and Its Impact on the U.S. Motor Vehicle Industry Rachel Tang, Analyst in Industrial Organization and Business November 16, 2009 http://opencrs.com/document/R40924/2009-11-16/download/1013/ [full-text, 29 pages] Summary The automobile industry, a key sector in China's industrialization and modernization efforts, has been developing rapidly since the 1990s. In recent years, China has become the world's fastest growing automotive producer. Annual vehicle output has increased from less than 2 million vehicles in the late 1990s to 9.5 million in 2008. In terms of production volume in 2008, China has surpassed Korea, France, Germany, and the United States, trailing only Japan. A disproportionate share of China's output was heavy vehicles in the 1990s. However, since 2000 China's growth has been led by an increase in passenger cars, which now account for more than 65% of its vehicle production. China's automobile industry has continued to expand despite the global economic downturn. >From January to October 2009, more than 10 million vehicles were sold in China. If such growth continues, China is on its way to becoming world's largest auto market. Unlike Korea or Japan, China's automotive industry has developed extensively through foreign direct investment. This investment has come in the form of alliances and joint ventures between international automobile manufacturers and Chinese partners. The international automobile manufacturers are unlikely to promote Chinese exports that compete with their own products in other markets. As a consequence, the Chinese companies that have expressed a strong interest in exporting cars have not had strong ties to foreign car producers and that, consequently, may struggle to meet safety and emission standards in industrialized countries. However, if independent producers, such as Geely, can achieve much higher standards, they could prove to be a strong international competitor. Ford's proposed sale of Volvo to Geely may help the Chinese company improve its products. China exports and imports few motor vehicles. Exports are growing much more rapidly than imports and are mostly light trucks and passenger cars shipped to developing country markets. By contrast, Chinese auto parts exports are already making inroads into the United States and other developed markets. While U.S. motor vehicle trade with China was insignificant in 2008, the United States imported more than $5.5 billion in parts from China, while it exported about oneeighth of that amount. Many of these imports are aimed at the aftermarket, as most of what China now exports to the U.S. market are standard products such as brake parts, electrical and electronic parts, and seating and interior trim. But with high rates of investment and strong growth in China by the leading U.S. manufacturers of both cars and parts, major motor vehicle companies are likely to increase sourcing from China. There have been a significant number of trade disputes with China ranging from implementation of obligations that were made when China joined the WTO, China's exchange rate policy, lax trade law enforcement, and alleged subsidies to industrial producers. With a bilateral U.S. trade deficit that rose to more than $268 billion in 2008, representatives of the Obama administration, as well as many Members of Congress, would like to achieve more balance in U.S.-China trade relations. Contents Introduction ...............................................................................................................................1 China as a Major Auto Producer and Consumer...........................................................................2 China Becomes a Top Motor Vehicle Producer ......................................................................2 Foreign and Domestic Producers in the Chinese Motor Vehicle Industry......................................8 Independent Production vs. Foreign Cooperation.................................................................12 SAIC and Nanjing Automobile Group Buys Bankrupt Rover Group; SAIC Later Buys Nanjing............13 Chinese Auto Assemblers and Parts Makers ..................................................................14 Automotive Readjustment and Revitalization Plan ..............................................................15 Impact of China on the U.S. Automotive Market .......................................................................17 Chinese-Made Vehicle Imports Not Imminent .....................................................................17 The Chinese Auto Parts Sector ............................................................................................19 U.S. Policy Issues in Economic Relations with China................................................................22 Chinese Auto Sector Commitments .....................................................................................22 China Safeguard Provisions (Section 421)...........................................................................24 China Moves to Investigate U.S. Auto Subsidies .................................................................26 Figures Figure 1. Leading Motor Vehicle Producers.................................................................................4 Figure 2. BRIC Countries Motor Vehicle Production ...................................................................5 Figure 3. Chinese Motor Vehicle Production................................................................................6 Figure 4. Largest Multinational Motor Vehicle Manufacturers in China, 2005-2008.................. 11 Figure 5. Largest Chinese Motor Vehicle Manufacturers, 2005-2008 .........................................12 Tables Table 1. Motor Vehicle Sales in China and Market Share of Selected Manufacturers, 2007-2008....................10 Table 2. U.S.-China Automotive Trade ......................................................................................20 Contacts Author Contact Information ......................................................................................................26 **************************************** Stuart Basefsky Director, IWS News Bureau Institute for Workplace Studies Cornell/ILR School 16 E. 34th Street, 4th Floor New York, NY 10016 Telephone: (607) 255-2703 Fax: (607) 255-9641 E-mail: smb6(a)cornell.edu<mailto:smb6@cornell.edu> **************************************** -- Eugene McElroy Rutgers University School of Management and Labor Relations Library 50 Labor Center Way New Brunswick, New Jersey 08901 732-932-9513 tel: 732-932-9513 ********

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NYTimes.com: At Colleges, Humanities Job Outlook Gets Bleaker
by ciudadviejo＠yahoo.com 18 Dec '09

18 Dec '09

This page was sent to you by: ciudadviejo(a)yahoo.com. EDUCATION | December 18, 2009 At Colleges, Humanities Job Outlook Gets Bleaker By TAMAR LEWIN Graduate students in languages and literature may face a sharp decline in faculty positions as the recession forces cutbacks in university hiring. http://www.nytimes.com/2009/12/18/education/18professor.html?emc=eta1 ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2009 The New York Times Company

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Check out this page on NJ.com
by sagauro＠rci.rutgers.edu 18 Dec '09

18 Dec '09

Dear smlr net: eugene (sagauro(a)rci.rutgers.edu) thought you would be interested in this item from NJ.com http://www.nj.com/news/index.ssf/2009/12/rutgers_global_mba_program_stu.html eugene

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High unemployment: A fact of life for American Indians
by Eugene McElroy 17 Dec '09

17 Dec '09

While white workers saw unemployment soar over the past year, American Indian workers suffered recession-level rates of unemployment long before the recession began. Like black and Hispanic workers, American Indian workers experience persistently high rates of unemployment in good times and bad. http://www.epi.org/economic_snapshots/entry/high_unemployment_a_fact_of_lif… -- Eugene McElroy Rutgers University School of Management and Labor Relations Library 50 Labor Center Way New Brunswick, New Jersey 08901 732-932-9513 tel: 732-932-9513 ********

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Organizing: The Arts and Sciences
by eugene mcelroy 17 Dec '09

17 Dec '09

Organizing, yes, but for what? Network member, author, organizer, activist, and historian Richard Moser presents an intriguing summary of the current state of work and unionism in the U.S.. He argues that unions have tended towards an organizational culture which is resistant to change and unaccustomed to democracy. He traces the evolution of this process, mapping it against changes in work and society. Unions must develop a culture of organizing if they are to renew their influence and reconnect with their members. He then presents some recommendations on organizing, exploring the contradictory but creative tensions that animate union activity. These are the challenges faced by those who want to put the movement back into labor. http://newunionism.wordpress.com/2009/11/24/moser/ -------------------------------------------------------------------------------------------------------------------------- Don't trust in and get away from those people who fawn over the powerful and trample over the weak. They are of bad character, false and mean, and lack generosity ----- Jorge Amado

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NYTimes.com: Final Exams and an Early Bowl Leave Rutgers Players Cramming
by ciudadviejo＠yahoo.com 17 Dec '09

17 Dec '09

This page was sent to you by: ciudadviejo(a)yahoo.com. SPORTS / COLLEGE FOOTBALL | December 17, 2009 Final Exams and an Early Bowl Leave Rutgers Players Cramming By DAVE CALDWELL The St. Petersburg Bowl comes only two weeks after Rutgers's last game and only days before some of the players' final exams. http://www.nytimes.com/2009/12/17/sports/ncaafootball/17exams.html?emc=eta1 ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2009 The New York Times Company

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Immigration overhaul bill unveiled in House
by sagauro＠rci.rutgers.edu 16 Dec '09

16 Dec '09

This story was sent to you by: eugene -------------------- Immigration overhaul bill unveiled in House -------------------- The legislation, which includes a path to legalization, is met with criticism from conservatives and liberals. By Antonio Olivo and Teresa Watanabe December 16 2009 Reporting from Los Angeles and Chicago -- Raising the curtain on a new round of debate over immigration reform, a group of Democratic congressional lawmakers introduced a comprehensive bill Tuesday that, among other provisions, would offer a path to legalization for the country's estimated 12 million illegal immigrants. The complete article can be viewed at: http://www.latimes.com/news/nation-and-world/la-na-immigration-bill16-2009d… Visit latimes.com at http://www.latimes.com

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NYTimes.com: If Health Care Reform Fails, America's Innovation Gap Will Grow
by ciudadviejo＠yahoo.com 16 Dec '09

16 Dec '09

This page was sent to you by: ciudadviejo(a)yahoo.com. BUSINESS / ECONOMY | December 16, 2009 Economic Scene: If Health Care Reform Fails, America's Innovation Gap Will Grow By DAVID LEONHARDT The need for health coverage prevents many workers from finding new jobs or starting new companies, which suppresses economic growth. http://www.nytimes.com/2009/12/16/business/economy/16leonhardt.html?emc=eta1 ---------------------------------------------------------- ABOUT THIS E-MAIL This e-mail was sent to you by a friend through NYTimes.com's E-mail This Article service. For general information about NYTimes.com, write to help(a)nytimes.com. NYTimes.com 620 Eighth Avenue New York, NY 10018 Copyright 2009 The New York Times Company

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Smlr_net December 2009